They will take off soon when IWM starts back on it's path to $255 through the end of the year / January.La Bamba said: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 helpmazag08 said:
Russell down = bad for most of the stocks this board is heavy on.
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.cageybee77 said: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.mazag08 said:
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.
Took it shortly after you posted. Currently up 23%.McInnis 03 said:If anyone took this play let me know how it works.McInnis 03 said: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......59 South said:
$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?
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
4000 dec calls coming in with size pic.twitter.com/wjknnTO9uN
— Dan 🐩🐩🐩 (@danshep55) November 18, 2021
I may have grossly under shot it though tehre's usually a breather in there somewhere between here and 4KAG 2000' said:Took it shortly after you posted. Currently up 23%.McInnis 03 said:If anyone took this play let me know how it works.McInnis 03 said: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......59 South said:
$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?
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
$CLOV 5 dollar target achieved.
— emini tic (@TicTocTick) November 18, 2021
I think it’s still quite expensive at 2.5 billion valuation.
Could be a 2 dollar stock.
I got in 7 shares of googl at $1000! Pays to buy and hold.McInnis 03 said:
People are looking at GOOGL now, mega caps are going bonkers.
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.McInnis 03 said:
People are looking at GOOGL now, mega caps are going bonkers.
GENERAL MOTORS GM.N AIMS TO TACKLE GLOBAL CHIP SHORTAGE WITH NEW DESIGNS BUILT IN NORTH AMERICA -GM PRESIDENT
— *Walter Bloomberg (@DeItaone) November 18, 2021
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
NEGG running counter to this. Seems strictly the big boys so far.59 South said: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.McInnis 03 said:
People are looking at GOOGL now, mega caps are going bonkers.
Interesting. I haven't had a good feel for the markets at a macro level for a few months.AG 2000' said:NEGG running counter to this. Seems strictly the big boys so far.59 South said: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.McInnis 03 said:
People are looking at GOOGL now, mega caps are going bonkers.
Not just online either; ASO and CWH are bright spots in my portfolio right now59 South said: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.McInnis 03 said:
People are looking at GOOGL now, mega caps are going bonkers.
I'm also a WWR owner lol. But not $20k worth! I can't put myself to throw big money at random stocks like wwr, clov, sava, etc.. I own(ed) them, but in amounts more similar to my beer money budgetMcInnis 03 said:
Every single WWR owner here is looking at you with "who farted" eyes right now. (ME INCLUDED)
Preach it brother!!59 South said:
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!?!?!
NRD09 said:
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
$AAPL New head of Apple Car division reportedly pushing to release a car in 2025; Has accelerated work on new Apple vehicle and has reportedly reached a 'key milestone' in its processor development -press (Apple Inc)
— TradeTheNews.com (@Trade_The_News) November 18, 2021
Aiming for an autonomous car without a steering wheel or pedals
TSLA crashing off this.McInnis 03 said:$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)
— TradeTheNews.com (@Trade_The_News) November 18, 2021
Aiming for an autonomous car without a steering wheel or pedals
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.NRD09 said:NRD09 said:
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
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...