Listen to the MVIS and earnings call and a presentation from the CEO. This dude can sell. But nothing expected until middle of next year
I bet OA listened to the call and that reinforced his tweet saying to buy it. He's very thorough and does a lot of DD when he makes posts like that.Dan Scott said:
Listen to the MVIS and earnings call and a presentation from the CEO. This dude can sell. But nothing expected until middle of next year
$30,000 Millionaire said:
Can you imagine the premium? Just wow.
I think we are going to have a major multiple year down cycle in the market starting within 6 months once the sugar rush of liquidity starts to be less helpful. It's like drinking too many Dr Peppers in a row and realizing that you can't actually taste it anymore.
I'm talking down to SPX 3000, or lower. So how could you play it? I think a thousand point wide butterfly wouldn't be horrible, and man, that mother effer could pay. I'd like for the 20:1 reward to risk types.
You could also buy 1,000 shares of SPY and then sell an SPX call against it. You would get all the dividends in the mean time and you probably wouldn't get assigned. It may even be guaranteed 50% return.
credit spreads may be interesting. Buy a long dated call or put and then farm shorter dated options in front of it for premium.
SF2004 said:$30,000 Millionaire said:
Can you imagine the premium? Just wow.
I think we are going to have a major multiple year down cycle in the market starting within 6 months once the sugar rush of liquidity starts to be less helpful. It's like drinking too many Dr Peppers in a row and realizing that you can't actually taste it anymore.
I'm talking down to SPX 3000, or lower. So how could you play it? I think a thousand point wide butterfly wouldn't be horrible, and man, that mother effer could pay. I'd like for the 20:1 reward to risk types.
You could also buy 1,000 shares of SPY and then sell an SPX call against it. You would get all the dividends in the mean time and you probably wouldn't get assigned. It may even be guaranteed 50% return.
credit spreads may be interesting. Buy a long dated call or put and then farm shorter dated options in front of it for premium.
In a long term bearish market wouldn't VIX be up making good premium available on strangles and iron condors?
I've been stockpiling more and more when it's 300-310.$30,000 Millionaire said:
Roku looks like a turd. It's gotta be close to a bottom.
$30,000 Millionaire said:
ps - not my first trip, but work travel f'n sucks now. Endless hours of mask wearing, they treat you like crap in first class, the hotels don't want to clean your room, you have to show your vax card in liberal states to eat in a restaurant, and there is an Uber driver shortage.
The west coast could pass for an authoritarian eastern bloc regime.
NRD09 said:
30k i hope you still have a pile of ostk. What a week!
Philip J Fry said:$30,000 Millionaire said:
ps - not my first trip, but work travel f'n sucks now. Endless hours of mask wearing, they treat you like crap in first class, the hotels don't want to clean your room, you have to show your vax card in liberal states to eat in a restaurant, and there is an Uber driver shortage.
The west coast could pass for an authoritarian eastern bloc regime.
You should try New Mexico near the Navajo reservation. Holy ****, I got more grief for not wearing my mask then I ever have in California.
Brian Earl Spilner said:I've been stockpiling more and more when it's 300-310.$30,000 Millionaire said:
Roku looks like a turd. It's gotta be close to a bottom.
I just don't see a world where it goes any lower than this for a long period of time.
i was in Santa Fe recently, and was in a pedestrian area with a coffee shop. I am outside and walk up to window to order a donut and the employee, who is inside, asked me to put on a mask.Philip J Fry said:$30,000 Millionaire said:
ps - not my first trip, but work travel f'n sucks now. Endless hours of mask wearing, they treat you like crap in first class, the hotels don't want to clean your room, you have to show your vax card in liberal states to eat in a restaurant, and there is an Uber driver shortage.
The west coast could pass for an authoritarian eastern bloc regime.
You should try New Mexico near the Navajo reservation. Holy ****, I got more grief for not wearing my mask then I ever have in California.
Champ Bailey said:
So LUV has to be a play right? Down to $47 from $56 a month ago.
$BLNK #BLNK Nice ascending triangle breakout on Friday. Got the close above $31.
— Jake Wujastyk (@Trendspider_J) October 31, 2021
Targeting $33-$33.75 this week as an initial target and will reevaluate there. pic.twitter.com/YTBMNRusAq
$30,000 Millionaire said:Champ Bailey said:
So LUV has to be a play right? Down to $47 from $56 a month ago.
They're the best airline. I am going to buy December 50C
A person I know from my little town here in East Texas lives in New Mexico. Last week her oldest son was sent to in school suspension for letting his mask slip below his nose too many times... then 2 days later her youngest came home and his mask had been duck taped to the bridge of his nose. I'm a public educator but I would be looking to do some physical harm to another educator for the duck tape.Philip J Fry said:$30,000 Millionaire said:
ps - not my first trip, but work travel f'n sucks now. Endless hours of mask wearing, they treat you like crap in first class, the hotels don't want to clean your room, you have to show your vax card in liberal states to eat in a restaurant, and there is an Uber driver shortage.
The west coast could pass for an authoritarian eastern bloc regime.
You should try New Mexico near the Navajo reservation. Holy ****, I got more grief for not wearing my mask then I ever have in California.
irish pete ag06 said:
Gonna start posting my small watchlist here each night for the next day. I've been working on day trading stocks that are coming off of inside days (1 bars for the stratters out there). Idea being you couple this with some flow analysis from unusual whales and play the breakout of the consolidation. Usually try to wait for 2 closes on the 5min chart outside of the previous day's range for confirmation before taking the play.
First one on my list is SOFI
SOFI Ask Side flow super bullish $3k premium... especially the NOV 5 strikes.
https://media.discordapp.net/attachments/883111765641146368/904477282985472071/unknown.png?width=1129&height=702
Here's the triggers (in yellow) levels with Target 1 and 2 (in blue)
https://media.discordapp.net/attachments/883111765641146368/904477737782226964/unknown.png?width=1089&height=702
SOFI is coming off double inside days actually so this thing is wound up really tight.
https://www.tradingview.com/x/kImvVN04/
Edit to say that based on the super bullish flow, I like calls better than puts here. I do think if this thing breaks to the downside it will bounce hard off the $19 support. This might be one you can scalp a put then flip to a call if you get a reversal confirmation at 19 for the ride back up.
Thank you Pete!irish pete ag06 said:
Gonna start posting my small watchlist here each night for the next day. I've been working on day trading stocks that are coming off of inside days (1 bars for the stratters out there). Idea being you couple this with some flow analysis from unusual whales and play the breakout of the consolidation. Usually try to wait for 2 closes on the 5min chart outside of the previous day's range for confirmation before taking the play.
First one on my list is SOFI
SOFI Ask Side flow super bullish $3k premium... especially the NOV 5 strikes.
Here's the triggers (in yellow) levels with Target 1 and 2 (in blue)
SOFI is coming off double inside days actually so this thing is wound up really tight.
Edit to say that based on the super bullish flow, I like calls better than puts here. I do think if this thing breaks to the downside it will bounce hard off the $19 support. This might be one you can scalp a put then flip to a call if you get a reversal confirmation at 19 for the ride back up.
I've unplugged from everything because I'm dealing with the likely death of my sister and being there for my mom because it's really hurting her (us), prayers are welcomed. Good post and you will learn more, the more you ask questions and interact.Max Stonetrail said:
First, kudos to everyone who posts their ideas on this thread. There is so much I have no idea how you guys keep up with it all.
I basically trade SPY and AMD. I watch AMD myself, and I have been using I think $30K and others predictions and charts on SPY based on technicals and charts. I have to say it has been spot on in most cases. A couple of weeks ago 427 was predicted as a floor on SPY and I traded off of that several times. Last week it was forecast we would go to 460. Traded on that in anticipation and had another good week.
I usually just wait for a pullback and pick a call that is a couple of weeks out and close to the money with around a 0.50 Delta. This has consistently returned a move of about $3.00 upside, which is about $1.50 on the call. I have been trying to close them all out intraday. I have made some pretty good size investments (well, bets to be honest), and I sleep a lot better not worrying about a limit down morning. I have played the long side mostly, but some shorts here and there.
I wanted to thank again the posters for all this information. I sometimes feel like I am taking advantage of all this great advice and analysis without contributing. I will try to post some of my trades throughout the week going forward.