I tried, but never made much money on CEI. I think it popped once while I first got into it. It bears watching.

La Bamba said:

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mazag08 said:

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Russell down = bad for most of the stocks this board is heavy on.

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Except IWM break out of the yearly consolidation pattern in late Oct and that still didn't really help the little stock very much. But yeah coming back down certainly doesn't help

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They will take off soon when IWM starts back on it's path to $255 through the end of the year / January.

cageybee77 said:

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mazag08 said:

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Whoever buys puts on NVDA and AMD when they peak is going to make an ass load of money. I'm not willing to risk it. But these things won't go on forever. And they are ridiculously extended.. especially NVDA.

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Actually AMD's PE ratio is high but not ridiculously so. FWIW yahoo finance says that AMD is still undervalued....not sure I believe that. But, I'll hang on to it for a while. like others, i've moved into large caps and have AMAT and MRNA so far. looking for another atm.

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You're likely not wrong. Remember that it was insanely undervalued just a couple months ago and was lagging behind the industry. It's caught up quickly.

I do have it topping soon though for a short period and retracing a bit. I think the whole chip industry will pull back a little. Can't predict when.. but as I said before.. we're getting extended even when you convert to log scale. A breather would actually be healthy.

McInnis 03 said:

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McInnis 03 said:

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59 South said:

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$AMZN looks prime to make a move to 3700.

McFly, since it is your specialty, can you design the board a trade for that move in the next couple of weeks. Maybe a 3600/3700 vertical? or 3650/3750?

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I just spent 10 min looking at the chains......I am having a hard time finding anything I love, besides selling put spreads to be honest. You can risk $5K to make $2.3K on premium alone selling the Dec3 3600/3550 put spread......

If you really want to find value, I like the 3650/3750/3850c butterfly. You might get fills around $13 for a possible $100 return. (Goal here would be to sell on a move upward for 3x-5x though.

Buy 3650c dec3
Sell 2, 3750c dec3
Buy 3860c dec3

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If anyone took this play let me know how it works.

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Took it shortly after you posted. Currently up 23%.

$AMZN

4000 dec calls coming in with size pic.twitter.com/wjknnTO9uN

— Dan 🐩🐩🐩 (@danshep55) November 18, 2021

AG 2000' said:

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McInnis 03 said:

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McInnis 03 said:

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59 South said:

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$AMZN looks prime to make a move to 3700.

McFly, since it is your specialty, can you design the board a trade for that move in the next couple of weeks. Maybe a 3600/3700 vertical? or 3650/3750?

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I just spent 10 min looking at the chains......I am having a hard time finding anything I love, besides selling put spreads to be honest. You can risk $5K to make $2.3K on premium alone selling the Dec3 3600/3550 put spread......

If you really want to find value, I like the 3650/3750/3850c butterfly. You might get fills around $13 for a possible $100 return. (Goal here would be to sell on a move upward for 3x-5x though.

Buy 3650c dec3
Sell 2, 3750c dec3
Buy 3860c dec3

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If anyone took this play let me know how it works.

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Took it shortly after you posted. Currently up 23%.

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I may have grossly under shot it though tehre's usually a breather in there somewhere between here and 4K

CLOV

Ruh roh!

$CLOV 5 dollar target achieved.

I think it’s still quite expensive at 2.5 billion valuation.

Could be a 2 dollar stock.

— emini tic (@TicTocTick) November 18, 2021

Bought the QQQ dip and now sitting on 3 net free 400c's for tomorrow and a net free 400/401c spread....it's not much, but it's something, and it's still moving.

People are looking at GOOGL now, mega caps are going bonkers.

McInnis 03 said:

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People are looking at GOOGL now, mega caps are going bonkers.

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I got in 7 shares of googl at $1000! Pays to buy and hold.

Every single WWR owner here is looking at you with "who farted" eyes right now. (ME INCLUDED)

McInnis 03 said:

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People are looking at GOOGL now, mega caps are going bonkers.

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Looks like anything associated with buying stuff online is making big green moves... AMZN, JD, OSTK, OZON, SHOP....might just be rotation from recently hot sectors. Chips still going bonkers though.

GENERAL MOTORS GM.N AIMS TO TACKLE GLOBAL CHIP SHORTAGE WITH NEW DESIGNS BUILT IN NORTH AMERICA -GM PRESIDENT

NEW MICROCONTROLLERS WILL REDUCE NUMBER OF UNIQUE CHIPS BY 95% ON FUTURE VEHICLES -REUSS

SUPPLIER PARTNERS INCLUDE QUALCOMM, STM, TSMA, RENESAS, NXP, INFINEON, ON SEMI

— *Walter Bloomberg (@DeItaone) November 18, 2021

59 South said:

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McInnis 03 said:

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People are looking at GOOGL now, mega caps are going bonkers.

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Looks like anything associated with buying stuff online is making big green moves... AMZN, JD, OSTK, OZON, SHOP....might just be rotation from recently hot sectors. Chips still going bonkers though.

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NEGG running counter to this. Seems strictly the big boys so far.

Traded around Mara early made $300 or so. Can't find **** now.

AG 2000' said:

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59 South said:

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McInnis 03 said:

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People are looking at GOOGL now, mega caps are going bonkers.

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Looks like anything associated with buying stuff online is making big green moves... AMZN, JD, OSTK, OZON, SHOP....might just be rotation from recently hot sectors. Chips still going bonkers though.

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NEGG running counter to this. Seems strictly the big boys so far.

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Interesting. I haven't had a good feel for the markets at a macro level for a few months.

I know the indexes have been performing, but outside of the covid black swan event and Q4 2018, this is the toughest market to trade in the past few years. Those were pretty easy to read though just in the red direction w/ clean V reversals. This current price action feels more like gambling if you are picking stocks. Some days I think we're headed for SPY 600 next year, and some days I think we're headed for SPY 300. That's my cue to just sit tight for the most part.

59 South said:

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McInnis 03 said:

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People are looking at GOOGL now, mega caps are going bonkers.

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Looks like anything associated with buying stuff online is making big green moves... AMZN, JD, OSTK, OZON, SHOP....might just be rotation from recently hot sectors. Chips still going bonkers though.

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Not just online either; ASO and CWH are bright spots in my portfolio right now
Just took some profit on my CWH Dec 45s

Yea, I'm pretty heavy in $CWH so noticed that as well.

How about shout outs for Marcus Lemonis and Lisa Su... can I get an amen!?!?!

$ROKU with a feeble attempt at a seller exhaustion rally. Lose today's low, and you're looking for a capitulation on 200. Let's just rip off the plaster (band-aid) and get on with it.

59 South said:

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Yea, I'm pretty heavy in $CWH so noticed that as well.

How about shout outs for Marcus Lemonis and Lisa Su... can I get an amen!?!?!

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Preach it brother!!

NRD09 said:

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I'm terrified of the bicycle chart right now. If spy doesn't puke to the 55day ema today or tomorrow and my vxx calls expire worthless I'm buying a bunch of spy puts for Monday or wed

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So we're gonna put in a doji for today (or dragonfly maybe), eh? Just like 6/17, 7/15, 8/17, 9/16 and 9/27...

Strongly considering ALRM Dec $85's here.

I could see them being ITM within a week with max upside at 3-3.5x if you hang onto them until it hits $91.

Not jumping in yet. There's no volume so I'm just watching.

Those APPL 155C are printing right now

$AAPL New head of Apple Car division reportedly pushing to release a car in 2025; Has accelerated work on new Apple vehicle and has reportedly reached a 'key milestone' in its processor development -press (Apple Inc)
Aiming for an autonomous car without a steering wheel or pedals

— TradeTheNews.com (@Trade_The_News) November 18, 2021

I felt good when I sold mine at $1.00...

I had a sell set at $1 and 1.25 and 1.50 and they all basically sold at the same time before I could cancel the 1.50 and let it ride

McInnis 03 said:

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$AAPL New head of Apple Car division reportedly pushing to release a car in 2025; Has accelerated work on new Apple vehicle and has reportedly reached a 'key milestone' in its processor development -press (Apple Inc)
Aiming for an autonomous car without a steering wheel or pedals

— TradeTheNews.com (@Trade_The_News) November 18, 2021

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TSLA crashing off this.

Took 470C on the 4670 support test and rode them for a 68% gain, so I've got that going for me, which is nice.

NRD09 said:

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NRD09 said:

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I'm terrified of the bicycle chart right now. If spy doesn't puke to the 55day ema today or tomorrow and my vxx calls expire worthless I'm buying a bunch of spy puts for Monday or wed

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So we're gonna put in a doji for today (or dragonfly maybe), eh? Just like 6/17, 7/15, 8/17, 9/16 and 9/27...

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In case you were like me and wondering what those dates entailed...very very large red the day after. You might have just scared me out of me call spread I have open on SPY expecting a move higher next week. Wasnt planning to cut them unless we lost 4650 but a gap down would sure suck, and I could repurchase if needed.

I never trade AAPL, but grabbed some shares when it broke the morning resistance above 154.60. Sold half just under 155, and had the next half set to sell at 155.49. Saw it started ripping, and caused my platform to crap the bed on high volume. Then heard the news come across the Squawk wire. I scrambled just in time to cancel that 2nd half sell order and caught a couple more bucks on the trade.

Nice to be in one when news like that hits for once.

TXN Dec or Jan $200 calls. Stock target is $205 - $210 before a pretty significant correction.

Just released news about new semiconductor plant going under construction next year.

https://markets.businessinsider.com/news/stocks/texas-instruments-to-begin-construction-next-year-on-new-300-mm-semiconductor-wafer-fabrication-plants-1030984541

Might retreat to $191 - $192 before next big move. Might not.

Also, I got lucky today with the 157.5 C I picked up this morning. I'll see myself out by end of day most likely as I don't think it will continue into tomorrow.

BIGC oversold? Good time to get some Dec calls? $60 call at 1.16 now.