Because the last time we slightly closed under the 5 on the /ES, we went on an eight day run.SF2004 said:
Why am I nervous to load SPY puts here?
It feels obvious at +3 ATR that we are going to have a pull back, but I just feel I will get burned again.
If you don't load them here than Technical Analysis means nothing.
OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Maybe. If it bounced off it's long term floor trendline tomorrow it would hit $6.75. I'd put that at about max downside. It's tough to buy in to anything earnings related since the prior earnings call was nothing but positive and the stock tanked. I think fundamentals are merely acting as catalysts for what it's already going to do. And it's trend is now UP since it broke multiple levels of support last week.AG 2000' said:mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Counterthought:
They had mixed news on earnings last week, and have dropped. Long term support line at 7, true, but if the market macros continue down with opex in range these next two weeks, it could go down to challenge the lower support ranges at 6.61 and 6.4 that it touched in August and October.
Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
mazag08 said:Maybe. If it bounced off it's long term floor trendline tomorrow it would hit $6.75. I'd put that at about max downside. It's tough to buy in to anything earnings related since the prior earnings call was nothing but positive and the stock tanked. I think fundamentals are merely acting as catalysts for what it's already going to do. And it's trend is now UP since it broke multiple levels of support last week.AG 2000' said:mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Counterthought:
They had mixed news on earnings last week, and have dropped. Long term support line at 7, true, but if the market macros continue down with opex in range these next two weeks, it could go down to challenge the lower support ranges at 6.61 and 6.4 that it touched in August and October.
But I've been wrong many times. Hopefully I'm not here.
An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Plus the triple bottom on daily...AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Good call.Irish 2.0 said:Plus the triple bottom on daily...AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Maybe, maybe not.AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
McInnis 03 said:Maybe, maybe not.AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
bmoochie said:Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
Nice. I jumped in for 55,000 shares. Let's see where this thing goes. Aiming for 1.00.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
all opinions are valuable to me as I continue to learn! however No options on this play or I would look to do the same. I am in for a small amount so this isn't a crazy swing for me just trying to build up an account and learn different strategies as I go.Tomas Hermensa said:bmoochie said:Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
I got in on this late, so I'm not sure how valuable my opinion is to you, but I will take profit will all or most of my shares. I might leave some shares to sell CC on if the premiums are juicy enough.
I got in at $0.51.bmoochie said:Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
You can sell the Dec 7.5 puts for $0.85 right now...nice premium or a cost base at $6.65mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
That's a pretty good deal. And even if you do get assigned somehow, it's a great basis.gougler08 said:You can sell the Dec 7.5 puts for $0.85 right now...nice premium or a cost base at $6.65mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
I was not. But grabbed a few shares here sub $250.ProgN said:
Anyone in UPST???