Philip J Fry said:
Thoughts on RMCF? Looks like it's primed for another run to $9.00.
Up 4% today on 26K of volume. I feel like a high roller with my 500 shares.
Philip J Fry said:
Thoughts on RMCF? Looks like it's primed for another run to $9.00.
$30,000 Millionaire said:
4500 will trade again. Then that gap at 2750 will get filled.
La Bamba said:$30,000 Millionaire said:
4500 will trade again. Then that gap at 2750 will get filled.
You wouldn't be talking about the S&P there, would you? ::laughs nervously::
$30,000 Millionaire said:
Wild futures move again.
FJ43 said:
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
I would watch the open for any run and buy weekly (tomorrow's) ATM puts at next resistance rejection. 439.88 & 441.86 are two stiff levels I see with some noise in-between.TexasAg2017 said:FJ43 said:
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
So if I'm understanding this correctly, ATM spy puts if we open around the 439 level? Going to paper trade this at open and see what happens
Yes...Yes they are......FJ43 said:
VIX puts.
Congrats if you held onto some. They are double now.
Feels like a dip and rip kind of day.FJ43 said:I would watch the open for any run and buy weekly (tomorrow's) ATM puts at next resistance rejection. 439.88 & 441.86 are two stiff levels I see with some noise in-between.TexasAg2017 said:FJ43 said:
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
So if I'm understanding this correctly, ATM spy puts if we open around the 439 level? Going to paper trade this at open and see what happens
This would be a scalp only.
Closed those out yesterday before the close.FJ43 said:
VIX puts.
Congrats if you held onto some. They are double now.
Just me...in baseball terms but not when we refer to a double. When people refer to a double its a 100% ROI.cptthunder said:
If yall had to put numbers to it how would everyone define singles, doubles etc for options?
McInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
I wish I could play like Congress and read the catcher's signals.McInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
Congress is filled with a bunch of garbage humans so all you really need is listen for the trash cans bangingSpoony Love said:I wish I could play like Congress and read the catcher's signals.McInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
Just watch SR levels. If it blows through and back tests one then chances are it may hold for today anyway.Spoony Love said:
I went with this strategy today but a put just out of the money. Maybe a morning dip scalp comes along.
Very good points across the board. Timing is something ive started to get better at keeping in mind but still need a giant red siren going off alot of time to remind me, espicially with OPEX week approachingMcInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
This is generally what i have in mind alsoFJ43 said:Just me...in baseball terms but not when we refer to a double. When people refer to a double its a 100% ROI.cptthunder said:
If yall had to put numbers to it how would everyone define singles, doubles etc for options?
Baseball analogy for me on scalps....
10-25% = Single
25-50% = Double
50-75% = Triple
75-100%+ = Home Run