Qs triggered from yesterday.

Calls are from .30 - .88 now

$SNAP looks pretty good. Give yourself time.

Brian Earl Spilner said:

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I called $320 as a great entry for ROKU. Wasn't quite bottom but pretty close.

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See ya at $1000 in a year or two. Their news with the $SHOP app and partnership has yuge long term implications imo.

LOYAL AG said:

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$30,000 Millionaire said:

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I just think the market is extended. *Whilst* brrr happens, well, you know what will occur.

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This is an important thing to grasp. Money printing creates inflation which is good for the market in nominal terms meaning as long as we have inflation the meme "stonks only go up" has some truth to it. Printed money has to go somewhere and stocks are the only place it can generate return. So while everything we buy is getting more expensive the only hope we all have of keeping up is putting more and more into the market in the hope of keeping up. Endless loop that will end one day but most likely not today. The market can stay irrational longer than you can stay liquid.

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Long story short.. it's still a bull market. You MUST respect that and expect surprises to the upside.

Played CZR for a quick gain, thanks!

jwhitlock3 said:

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Played CZR for a quick gain, thanks!

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Hell yeah

mazag08 said:

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I bought the SPY dip yesterday.. Sep 30 $440 calls for $3.40 each. I pegged SPY at 441. Overnight, ES hit my target EXACTLY. This morning I woke up to SPY on my target. Boom.. SOLD. Made $120 total on 4 calls.

Well.. those calls are pushing $5.00 now.

Sigh. I was literally DEAD ON with my target. And then the market surprised to the upside and I didn't bother to wait for a confirmed reversal before selling.

LET THE MARKET TELL YOU WHEN TO BUY AND SELL. EVEN WHEN YOU ARE CORRECT, SHAKE OFF THAT STUBBORN PRIDE AND LET THE MARKET FORCES GUIDE YOU.

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So does that mean your budget for the bourbon jumped?

$UPWK going in the wrong direction

NKE earnings AH today.

no real intel other than PVH, LULU, SFIX and others that face similar supply chain issues all ran double digits on good results recently.

F it. Just bought some 10/15 SPY 455Cs.

I'll try to post a chart here soon, but I'm about buy Kroger (KR) Nov $40 calls. They are close to $1.50.

We are bottoming in a wave 4. It might not take off like a rocket, but I firmly believe come expiration day KR will be at least at $42 (hopefully much higher) giving you a 33% minimum return.

We're looking to break under $40, then looking for a bottom.. somewhere between $38 and $39.75. There's a chance the low from this morning was the bottom. So watch closely. We're looking for clear reversal if so. We can always buy farther out calls if we need to.

Ya.. let's stick to $50 and under.

Bought them yesterday and am up 191% today. Let's party!

I think TSLA is about to make a big move.

Sold a couple CLOV Nov 5 $8 puts for 1.3. Gonna be a happy camper either way

BaylorSpineGuy said:

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Bought them yesterday and am up 191% today. Let's party!

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Congrats! Maybe trim a little or go net free. Resistance at 26.78 & 28.09 as long as holds 25.70

It wouldn't surprise me to see some red shenanigans starting in the second hour. I'm taking some profits and minimizing some losses from weeklies I opened on Friday.

FJ43 said:

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Qs triggered from yesterday.

Calls are from .30 - .88 now

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These are now $1.80 from .30 if you took the 25C

I only have runners left. All out otherwise.

Buying $ROOT shares.

work meetings now. Good luck today.

Cut UPWK below $50. I'm trying to give this some room to go.

$GILD just toying with us. That $71.90 level is huge.

FJ43 said:

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FJ43 said:

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Qs triggered from yesterday.

Calls are from .30 - .88 now

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These are now $1.80 from .30 if you took the 25C

I only have runners left. All out otherwise.

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holy cow, how'd I miss this play!?

Looks like CCL and NCLH are breaking out.

Sorry if I missed it, but any thoughts on $BANT?

cjo03 said:

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NKE earnings AH today.

no real intel other than PVH, LULU, SFIX and others that face similar supply chain issues all ran double digits on good results recently.

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I think NKE might rip.. and I've got two EW scenarios.

1. We bottomed in wave 4 and are about to start wave 5. Earnings are a perfect catalyst for a wave 5 rip.



2. We have only bottomed in "a" of the a-b-c that makes up wave 4. With a huge gap looming below us, and wave 4 usually targeting the 4th wave from one smaller wave degree (notice the subwave 4 on the chart).. AND with wave 4 usually targeting between 50% and 61.8% retracement fibs of wave 3 (the 50% falling just a hair under the gap), AND with wave 4 in a structure like this one usually targeting between 76% and 100% fibs and NKE not even getting to the 123% yet, AND when a 2nd wave is short and quick the 4th wave is almost always longer and deeper.. and NKE's 2nd wave was a short breeze.. I think this is the most likely scenario.

BUT... even if this scenario is correct.. we still have a "b" wave to complete. And that usually targets between the 38% and 61% retracement fibs of the "a" wave. This earnings would be a potential catalyst for that move to happen. And that would take us somewhere between $160 and $166.

$160 Nov calls anyone?

mazag08 said:

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LOYAL AG said:

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$30,000 Millionaire said:

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I just think the market is extended. *Whilst* brrr happens, well, you know what will occur.

---

This is an important thing to grasp. Money printing creates inflation which is good for the market in nominal terms meaning as long as we have inflation the meme "stonks only go up" has some truth to it. Printed money has to go somewhere and stocks are the only place it can generate return. So while everything we buy is getting more expensive the only hope we all have of keeping up is putting more and more into the market in the hope of keeping up. Endless loop that will end one day but most likely not today. The market can stay irrational longer than you can stay liquid.

---

Long story short.. it's still a bull market. You MUST respect that and expect surprises to the upside.

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Long term I agree. Next 4-6 weeks I think there's more downside to come. That is subject to change if we close out this week inside the channel we've been in for an extended period of time. We've reclaimed it today so if that holds then I think the next few weeks are bullish. How's that for waffling?

PELOSI SAYS 'WE'LL KEEP GOVERNMENT OPEN' AND PASS TEMPORARY FUNDING BILL

— *Walter Bloomberg (@DeItaone) September 23, 2021

$30,000 Millionaire said:

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work meetings now. Good luck today.

Cut UPWK below $50. I'm trying to give this some room to go.

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200k share ($10M)buy on the 1min at 50.66...seems promising