Made $100 end of day by timing SPY calls at the bottom and selling into close. I'll take it.

$30,000 Millionaire said:

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McInnis 03 said:

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I'm following on a swing with teh Oct 1 SPY 441c's. If nothing else, looking for the dead cat, --3 ATR play.

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I entered already. Samesies.

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AWESOME! Hope you guys made some money, closed over 20% in gains.

pic.twitter.com/MfzCcG98Jj

— Posty (@PostyTrades) September 19, 2021

SF2004 said:

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McInnis 03 said:

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pic.twitter.com/MfzCcG98Jj

— Posty (@PostyTrades) September 19, 2021

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That's great, but how do you know where the stops are?

Seems like rubbish.

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"Rubbish"? If you start adding "whilst" to your posts then we'll know that you're hanging out with 59 South.

If we gap up, I think it'll be a trap on the longs. I'd be very weary of doing anything in the first hour of tomorrow's session.

cptthunder said:

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Johnsongrass Farmer
Any views on were VALE sits right now with respect to the dividend ex-date coming up this week?
Ive seen some really good insight from you on the dividend side of things

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I know nothing about this company, but check this link out for consistency of dividends and payment periods. Looks like they average one dividend period per 6 months. Not much consistency, but read on..

https://www.nasdaq.com/market-activity/stocks/vale/dividend-history

Reading the Shareholder Communication someone posted earlier - Next, I found the Ex-Div Date of Sep 23rd interesting because the Date of Record is usually the next day; however, for the B3, the Date of Record is the day BEFORE on the 22nd. Doesn't mean a lot, just interesting from a chronological point of view. The Date of Record for the shares on NYSE is the 24th.

If you play this, buy the shares before the 23rd. Technically, you could buy the shares on the 23rd and still be paid the dividend. BUT BUT BUT,...sometimes, transactions get screwy and you could miss the Ex-Div Date by purchasing on the Ex-Div Date as some Investment Houses have funky clearing and they'll claim innocence if you wait to purchase on Ex-Div Date and not pay you the dividend (even though you are in correct position of share ownership to claim dividend). It can be a hassle.

I think you have a nice setup here to buy the shares ~$15.66, claim the dividend $1.54 and exit the shares after Record Date - or - you can hold the shares and if you have bearish sentiment for the market going forward, sell $15.50 Oct 22 Calls against them at $0.43. You could pick up an additional $0.27 (in theory), if exercised out and clear $1.97 per share. Or, you'll continue with ownership of shares $13.69 of a stock that has a 52 Week Range of $10.29 to $23.18.

If you have bullish sentiment for the market going forward, sell the $17.00 Nov 19 Calls at $0.22. You'll clear $3.10 per share if exercised or continue ownership at $13.90 per share

This a good play, IMO.

Some savagely beaten down ideas. Not all of these are "tradeable", some are long term plays and you need to see a confirmed reversal. I need to see how tomorrow opens to really have a firm opinion:

• BRK/B - gap down, way oversold. Value stock
• MRK - savagely beaten down to March 2020 prices
• V - also beaten down
• WDC
• ATO - near covid lows
• WEN - these guys aren't going away

Irish 2.0 said:

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If we gap up, I think it'll be a trap on the longs. I'd be very weary of doing anything in the first hour of tomorrow's session.

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we could have gap and crap. I am assuming that you all know that gap up and failing to hold opening range = sell.

I think the real question is over 4380 area or not. If we clear 4380, I'm going with it.

$30,000 Millionaire said:

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Irish 2.0 said:

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If we gap up, I think it'll be a trap on the longs. I'd be very weary of doing anything in the first hour of tomorrow's session.

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we could have gap and crap. I am assuming that you all know that gap up and failing to hold opening range = sell.

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Saying more, at this point, I hope this thread understands some of the basics, such as:

• Don't chase, wait for entry at an optimal price
• Manage support / resistance levels
• Gap ups likely gap fill down before continuing onwards unless it's an ORB
• Down gaps likely gap fill before deciding direction
• Sell if the ORB level fails
• Wait for confirmed LOD and set stops at that point

Today for example, when we lost the opening range, sell.

also, I am going to buy the shiat out of OSTK calls (assuming market is going up with me).

cptthunder said:

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Johnsongrass Farmer
Any views on were VALE sits right now with respect to the dividend ex-date coming up this week?
Ive seen some really good insight from you on the dividend side of things

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One last item,...If you're looking for dividend issues. I have a buddy that I gave the following issues to for his dividend portfolio. He'll be investing $200K into each tomorrow. He wanted yield and consistency. Stability was a lower factor of importance if the "name" was solid.

HNDL - Annual Div = $1.80 with a Div Yield of 7.07%

JEPI - Annual Div = $4.08 with a Div Yield of 7.61%

BTI - Annual Div = $2.96 with a Div Yield of 7.95%

T - Annual Div = $2.08 with a Div Yield of 7.56% (In the news a lot, read before you invest to determine if you like their direction and forthcoming changes)

KMI - Annual Div = $1.08 with a Div Yield of 6.77%

MO - Annual Div = $3.60 with a Div Yield of 7.41%

OKE - Annual Div = $3.78 with a Div Yield of 6.74%

Just a friendly PSA because I was new once too… the stock price will fall by the amount of the dividend on the ex-dividend date. So if you're just chasing a dividend because you think it's free money, you need to reconsider.

I'm sure everyone posting on here knows that, but just in case there's a lurker who doesn't, I wanted to put it out there.

deadbq03 said:

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Just a friendly PSA because I was new once too… the stock price will fall by the amount of the dividend on the ex-dividend date. So if you're just chasing a dividend because you think it's free money, you need to reconsider.

I'm sure everyone posting on here knows that, but just in case there's a lurker who doesn't, I wanted to put it out there.

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Excellent point. To add, sometimes the shares will experience a price runup prior to Ex-Div Date and drop thereafter in amount near corresponding to the dividend paid.

Check price action associated with the stock.

Go back and review historic price activity leading up to Ex-Div Date and what happens after Ex-Div Date. It can yield some good insight about price action behavior for shares.