Wdc and lrcx earnings this week. I'm gonna try and sniff out some verticals
Edit: good volume on the 62 (model t) wdc weeklies. 60/62 spread is .65

Long / RTY

One thing that I am looking at doing is for positions that I want to keep for long term,

I am selling 10-20% of a position and selecting the highest cost position to lock in a loss to allow me to offset future gains (whenever they happen to be), and then taking those funds and buying into something else that I like.

Then in 31 days, you can reverse the trade and get back to your original position.

Continue to do this through the year to take advantage of capitalizing on losses that you have incurred

I got $342.95 as a big level for the Qs

Bought 2/15 VIX puts

Charismatic Megafauna said:

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Wdc and lrcx earnings this week. I'm gonna try and sniff out some verticals
Edit: good volume on the 62 (model t) wdc weeklies. 60/62 spread is .65

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I expect LRCX to crush earnings.

These are pricey but I think they print money this year.

LRCX Jan 20 2023 800 Call

FJ43 said:

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Bought 2/15 VIX puts

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what strikes were you looking at?

OutlawAG04 said:

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FJ43 said:

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Bought 2/15 VIX puts

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what strikes were you looking at?

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I did 26 but 23s probably ok.

Man luv getting wrecked

Billy Baroo said:

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Guess my question was answered on whether WWR or CLOV would trade in the 1's first. CLOV shouldn't be too far behind though.

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has OA commented on WWR in a while?

SF2004 said:

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At least we don't have mean tweets guys!

Seriously... this is just stupid. Where is all this money going to go?

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Puts, lol

just saw a 415P Wed. exp buyer (pretty big)

TxAgLaw03RW said:

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Gas and groceries

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I was wondering this weekend....could this be people selling all their stock they bought from relief / child tax as they now need it to pay bills (rent, food, car, groceries)? Are we seeing the impact of that? Was there enough of that to drive what we are seeing? Surely not..??

I'm adding some RBLX down here.

Followed that dude.

Strong selling under way for #ES_F: It hit 4320-30, and managed only a 5-10 minute bounce off this relatively strong support

These sorts of sells always end with a big stop run/capitulation candle under a support and recapture of 4330 from here would be trigger for relief rally https://t.co/lfaxwGB4l1

— Adam Mancini (@AdamMancini4) January 24, 2022

Oa sounds like he's expecting the bottom soon

https://twitter.com/oldarmy1/status/1485614927004024836?ref_src=twsrc%5Etfw

Edit:how do you do that?

"Friday $SPY volume on par with the 9/20 volume precursor to a reversal. However, the 2020 Covid panic saw FIFTEEN more days of continuation into a super deep "V" bottom. So any trades at todays open thinking reversal bottom should be cheaper options only."

And my stupid azz closed my puts at open

Just FYI

VS Options just went fully cash in long term account. Will be revisiting with confirmed reversals.

Aggiesincebirth said:

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I would love to see a bottom on WWR finally. Thing has been bleeding for 10 months…

I need an OA seminar on how to handle my emotions

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I think WWR will see $1.50 before it sees $2 again.

Added some QQQ and ROKU.

It's a double flusher

$30,000 Millionaire said:

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ok, this is excessive now.

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I want the V with volume.

Wish I could trade this week.

Tell me why we should be surprised at the drop today. All the same inflationary and supply chain problems we had last week, going into Fed this week where people are anticipating tightening being announced, and Pedo Joe and his Spoitfy loving Secretary of State spent the weekend beating the war drums over Ukraine.

PLTR could hit single digits with the rate it is falling. Still sitting on cash and wanting/waiting to go in on this.