$DIS dropped down to 148.xx to put in a new low, and then reclaimed yeterdays low at 150.18......taking a small bite on Jan 150c's on a potential swing trade.

Im fully out of my $JPM calls after this last push. Being very strict on hitting targets and getting out at defined levels feels good.

Anyone got any thoughts on NBR?

Made good money there last year and that thing loves bouncing back and forth top to bottom.

Inside buys on goco yesterday sure seem to have inspired confidence. Hope they weren't just scalps

AAPL lottos here as long as 159.72 holds!

In for Friday $162.5C and 12/13 $167.5C. It wants to make more gains this holiday.

If the company is doing well the stock will too. The big problem has been a lack of broad investors. The folks interested have loaded up all they wanted so there just aren't a lot of buyers until good news starting bringing in more. I think a lot of the recent price sink is folks taking losses for this year for tax purposes. Also that shelf offering voted for earlier this year is this constant looking negative pressure on the stock. If the stock price goes up they'll likely sell shares at those elevated prices. I still don't get why shares holders voted for such a large shelf. Frustrating.

ROKU green

been off for a while hunting...wth is up with WWR?

I've got another week before I can buy back on without wash sale issues hurting my taxable loss. So it's being a friend and holding share price down until I can buy my shares back.

GOEV taking off today, 2 days after chariman Aquila bought 35MM shares.

gigemJTH12 said:

---

been off for a while hunting...wth is up with WWR?

---

Serious answer: I think this is investors taking losses for the year to offset other gains, hoping that no big announcements will come until at least Q1 2022.

VIX below $20

That is a rich dude. Dropped north of 250M on his own product. Wowzers

BaylorSpineGuy said:

---

That is a rich dude. Dropped north of 250M on his own product. Wowzers

---

I followed him on the Jan 2024 20c's for $3, I was like, why the hell not? It's electric cars.

McInnis 03 said:

---

$DIS dropped down to 148.xx to put in a new low, and then reclaimed yeterdays low at 150.18......taking a small bite on Jan 150c's on a potential swing trade.

---

I don't know if this is a bottom, but it could be........the volume today is deceptive.

gigemJTH12 said:

---

been off for a while hunting...wth is up with WWR?

---

i gave up on it and bought a little NVNXF instead. Fidelty charged me $50 for the transaction though....what a pissa!

IWM doing the Red Dog Reversal thing today!

IWM and XBI both showing signs of reversal today...good sign for most on this board I'd think

Spoony Love said:

---

In for Friday $162.5C and 12/13 $167.5C. It wants to make more gains this holiday.

---

AAPL
I have model T around 162.40 (the drop on Monday). Let's see what she does.

I'll be leaving a runner at 162.40.

POWW seems to have really strong support at just under $6, still a good entry point now if people want it with a tight stop loss at $5.80 for me

Correct me if I am wrong but I have SPY model T from the high on Monday to the low of yesterday just shy of $469 ($468.95). I think we see that today.

gougler08 said:

---

POWW seems to have really strong support at just under $6, still a good entry point now if people want it with a tight stop loss at $5.80 for me

---

What do you feel is driving it down so much? Was a solid performer for quite some time.

jwhitlock3 said:

---

Margin question for the board. My account is going to be listed as PDT because I took too many day trades in a rolling 5 day period. I'm not interested in transferring cash to hit the 25k, im just trying to understand what the restrictions are. I only have margin so I can trade spreads. Will I still be able to open spreads if my account is PDT restricted?

I'm alright with not being able to close things the same day, but im gonna be upset with myself if I messed up my ability to use margin for spreads. Anyone know? This is with Fidelity btw, I have a cash account with TD but I like trading spreads a lot.

---

I get the following message when I try to open a spread now. This is a margin account solely so I can trade spreads. Am I restricted from trading spreads now until my account is back to $25,000? My understanding was the restriction was solely related to opening/closing a position on the same day, but this looks like my account is restricted from using margin at all, and I'm not sure if that's a 90 day thing, or permanent until I'm back to $25k.

RGS triple bottom? Guess we're starting over from here but let's ride the wave!

If you're tagged as a PDT and using margin, your account MUST be over $25K. If you turn off margin, the PDT rule doesn't apply.

If this is the first time you've been tagged as a PDT, call your Fidelity rep and they can reverse a first timer. At least they used to be able to

Challenger 17 said:

---

May I present to you all for your consideration PTN. This is a very interesting chart. Look where it is right now. It seems to always spike to $1.00 plus after it gets down to this area.

---

up 50% today.

BaylorSpineGuy said:

---

RGS triple bottom? Guess we're starting over from here but let's ride the wave!

---

RGS sucked before COVID...Don't expect it to get any better.

Gotta be a fidelity thing. I buy call spreads while in a "day trade margin call" all the time on td

But is your account over $25K? The $25K is a SEC compliance

No that's the "day trade margin call." My account is flagged as a pdt account, and my acct value fell below 25k, triggering the "margin call"
Are you really using margin to open call spreads though? Maybe I have margin turned off? Put credit spreads shouldn't need margin either if they're cash secured?

Charismatic Megafauna said:

---

No that's the "day trade margin call." My account is flagged as a pdt account, and my acct value fell below 25k, triggering the "margin call"
Are you really using margin to open call spreads though? Maybe I have margin turned off? Put credit spreads shouldn't need margin either if they're cash secured?

---

If margin is turned off you can only use settled cash with Fidelity. Otherwise it is a 'Good Faith Violation'