FTCH moving up again
Dec calls now $4.80
Dec calls now $4.80
If you're some how green in this, you better close it. Hell, even if you're not. It is putting in a solid reversal candle on the 60min off of 1020 and the indices are melting upBaylorSpineGuy said:
Need TSLA to crap the bed. My 1000 weekly put is close to the money! Come on down!!
Looking like another decent time for entry.Irish 2.0 said:Irish 2.0 said:I think it'll present a chance again. It is rejecting pretty good at the 60min 10DMA. I think there is more selling pressure in DIS and the only reason it gave this bounce is just going with the green dayAG 2000' said:Really like this play. I grabbed DIS 170Cs for December, but thinking this would have been the better play.Irish 2.0 said:I might be closing these today if it keeps going. Take my ~$1000 and call it a day on this one. I think DIS will come back in againLt. Joe Bookman said:I like this play a lot.Irish 2.0 said:That's why I like the 12/17 $170P. I'll collect ~$2400 in premium on two contracts and it'll give me a some fudge room to wait on the consolidation.mazag08 said:Correct. It will likely consolidate for a week or two. But my point was that we are much much closer to max downside. Share buying down here is a steal. Option buying could be lucrative, but timing is key. I would err on the side of more time, but that costs more.Irish 2.0 said:
Yes, but I don't think DIS is done selling yet. There is a 1.5MM share block trade at 163.
Think I'm going to sell a couple 12/17 170P
Too late to get into this trade?
Yeah...it'll give another entry under 160 if this pattern holds. That's a 'h' forming on the 60min
Bought or sold?Irish 2.0 said:
I bought the 170P again
Bought or sold?Irish 2.0 said:
I bought the 170P again
Figured. I was just making sure you weren't seeing something I wasn't!Irish 2.0 said:
Sold. Sorry. Was on a call and typing
mazag08 said:
I think there's a good chance VEON is about to plant its foot in the ground and Achane toward $2.80 over the next two weeks.
Planning out this whole structure, let's assume you don't yet have shares.
Let's call it a $2.00 entry tomorrow with 100 shares. That gives us ($200) basis, and $200 market value.
Once we approach $2.80 we will sell a covered call understanding that we are expecting a pull back. Once we feel we've gotten enough pullback, we will buy back the calls we sold. Next step is $3.20. Again, as we approach, we will sell a call and again buy it back after a small correction. Ultimately, we should be finishing around $3.50 at which point we will sell all of our shares.
Even without the covered call premiums, we are expecting VEON to give us a 70-75% ROI ($150 profit on $200 spend). While timing is always tough, Fib fans, fib arcs, and my Elliott Wave channel are all pointing to June 2022 for finality.
If anyone wants to jump in and ride this wave let me know. I've posted the setup before and it's been tracking PERFECTLY (just search VEON with my screen name). We've already got waves 1 & 2 in place. Subwave i of 3 is in place and subwave ii of 3 is either done or about to be. It's almost the point of no return if you aren't in yet.
RGS I believeaggies4life said:
Which stock?
cptthunder said:
Anyone going to dive back into $WARM
Almost 20% below my original entry point and actually touched $0.02 yesterday
I am well beyond netfree on about 10k shares but might go for another ride on this one
Mobile EV charging play. I'm net free on 100k shares just in case it ever pops.TexasAg2017 said:cptthunder said:
Anyone going to dive back into $WARM
Almost 20% below my original entry point and actually touched $0.02 yesterday
I am well beyond netfree on about 10k shares but might go for another ride on this one
What's the story on this stock?
I'm seeing a 7.3MM in call premium today. It is still very hot with institutional bets. OI on Monday will tell the storyagdaddy04 said:
What are you guys seeing in RBLX? Seems after every good run, it falls off 10-15% - does it show better support here now?
Why are you scouting 395? As long as it closes over 393.50ish it has successfully reclaimed the 5 and 10 DMA then?Ranger222 said:
I think RBLX hits 120s next week. You can do worse than buying some 125C exposure next week for cheap
some other things I'm looking at, all DEC monthly expiration
TSM 120C
UPS 220C
DOW 60C
INMD 95C
Be on the lookout for UBER too....there were some strong Feb 47.5C at the start of the week that were interesting and its making a recovery today...fits the re-opening trend we've seen with ABNB and others
Also if the QQQs close below 395, I wouldn't mind a little 390P hedge just in case...right now if it closes here in 395s we are strong but beware the fade EOD
Yeah; It is called the holidays. You ever try spending extended periods of time with family without being drunk and/or stoned?Triple_Bagger said:
Just about every weed related stock is running today. Something might be coming.
No such thing as TA..Thundergon said:
If we have an aggressive day, here are some $QQQ and $SPY levels and targets I am watching to upside and downside. White line is the current downtrend. Levels in yellow and targets in blue. Be mindful of daily moving averages.