damn, that aged well!BREwmaster said:
SPY 10/15 415P has some volume to it. 38k, and the most volume for that expiration. I know that's way OTM, but interesting.
damn, that aged well!BREwmaster said:
SPY 10/15 415P has some volume to it. 38k, and the most volume for that expiration. I know that's way OTM, but interesting.
H-town ag said:
Anyone adding to ELOX here ahead of the call next Tuesday?
ProgN said:
Happy Friday gang, don't drive after heavily drinking during the A&M ass kicking Bama is about to deliver. Anyway, I was talking to a good friend of mine that owns a new car dealership and inventory is abysmal and not looking to be rectified anytime soon. Drive by any new dealership and you can see it as well. However, he said used cars are moving pretty damn good, with solid margins. I know this is anecdotal but it got me thinking. I've already mentioned I like CVNA at this price and primed to reverse. I suspect CVNA, Carmax ( KMX ) and others like them could be the big winners from the lack of inventory of new vehicles. Just something to consider and keep your eye on.
ProgN said:
I haven't looked into KMX yet, just considering this strategy and looking for any other opinions.
CrazyRichAggie said:
Doing some yard leveling and it's hard work. These little "mommy popsicles" from Costco are really good on a hot day.
I'm not a long term holder, except for TTD. I'm in this for a trade. If you try to pick the bottom you'll miss an opportunity more often than not. I believe it prints a trade of $350 within the next 6 months.BaylorSpineGuy said:
Just be cautious about a good entry point. Looks like it's in a downtrend though there may be some support levels near current price.
Just a word of caution….if you're looking at this stock on fundamentals, it's got a lot of debt and fairly low amt of cash. If they raise interest rates (looking like this is inevitable?), these "growth" companies will suffer first and most. It's also heavily shorted (about 20%) and somehow the company is 113% owned by institutional money. I don't even know how this is possible?!?
Trust 30K over me though. Dude is a monster. I'm a tadpole.
I like BABA as a company but I'm adverse to Chinese stocks right now. If they move on Taiwan, which I believe they will, all stocks will get smashed but especially Chinese stocks.$30,000 Millionaire said:
I think $BABA may have bottomed. Credit to Tic on that. I don't trust Chinese stocks but it has been savaged.
Cookiemonster64 said:
For the spread traders out there, I have a strategy question. Probably a super loaded question that can't easily be answered, but how do you choose the strikes? I opened a $435C/$440C credit spread on SPY expiring end of October yesterday when we were perpetually hanging around $441. But honestly it was just a blind stab at picking strikes intelligently. I chose $435 because it was more or less aligned with a gap fill and I chose $440 because the risk/reward was decent and I could open multiple contracts without too much penalty on buying power. Is there a better way to go about it?
ProgN said:
Thanks, and I agree that's why I'm buying CVNA stock, not options. The CEO is brilliant and I love that company the more I research it.
PA24 said:
MITC
Israel company that is in the 3D production of printing edible red meat. Just under $9/share, one to watch. Could be a red herring or the next Amazon.
I purchased a few hundred shares.