What do yall think about a straddle for tomorrow. I could see SPY at 440 and 420.

Keep posting... if you saw my account right now you wouldn't feel like a genius.

I am slowly working my way out of some long positions and trying to minimize losses.

I too have kept getting bearish as this goes on... thought 420ish was bottom with consolidating at $430.

I now think we might have a date with $400DPY.

LMCane said:

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ProgN said:

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Jet Black said:

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Irish 2.0 said:

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Don't try bottom picking in this market

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I'm just wondering how much lower it can it actually go.

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If you don't use margin or call options but buy the stock outright, then I'm confident you'll be very happy by May.

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I'm 51 and not ever going to get into the day trading puts and options and call game.

I buy and hold.

and this January has been fantastic for me. Every day I am adding to my decliners- some at one year lows now. so tempted on Tesla but I already have 10 shares and instead I'm going with ETF heavy on TSLA such as IYW.

been adding to my NVIDIA, Enphase, Intel, ARKG, ARKW, T, Disney, Emerson, and a crap ton of ETF sector funds for market and sector (mostly tech) but even a bit in the SPY and IWM for Russell

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For a lot of us, this is a trading account. My retirement and money that I "need" is not on this roulette wheel, although some of my posts mix them in.

I am curious about your TSLA comment and being in IYW. I looked at their holdings and see what I am guessing are warrants issued through Blackrock that make up 0.09% of the ETF, at least on that report. Maybe they are marking it incredibly low to market (which I am not sure if that kind of sandbagging is even legal but it is Blackrock)? But it certainly doesn't look TSLA heavy.

In doing this, I looked at several indices and tech ETFs. They are ALL mostly comprised of FAANG + MSFT + TSLA (except IYW). You would have more exposure to TSLA on the QQQs.

$30,000 Millionaire said:

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she wants to go, hit the damn buy button algos.

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It does seem like volatility could take the day off tomorrow. Usually these pushes over 30 are met with a retreat and markets rally.

Feel like the last couple of times big boys fell hard going into earnings, they beat and went up.

AAPL feels like that right now. Down 13% this month and accelerating down into earnings.

I bought some puts earlier this week but will be selling before the close.

Dan Scott said:

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What do yall think about a straddle for tomorrow. I could see SPY at 440 and 420.

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What's your estimated break even prices on either side? Do you think it gets there tomorrow or do you think MMs pause to eat theta before returning to crush dreams?

That's not a bad thought if we settle close to $430.

I may write this down and see what it looks like in the morning.

mazag08 said:

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AAPL is being a tough cookie. I can see 5-waves down if I want to on the 5m chart. That usually indicates the bottom of a "c" wave which is the last leg of a correction. But trying to figure out just where that correction fits in.. is it part of a bigger correction? Is it the end and the bottom? Is at a tiny correction in a leading diagonal to start a long term bullish cycle up? Honestly... it could be any. We just have to let it play out.

I could be wrong. But I don't like the current structure and will not be playing earnings, especially with this much overall market weakness (we aren't in just a general phase here.. this is dirty, nasty, ugly diagonal whipsaw).

I would play AAPL at your own risk. Sorry I can't provide more guidance.

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I avoided it directly, IV looks high both call and put side...but I decided to play a strangle on SPY instead. If AAPL moves, SPY will. Not lottos, but went with verticals (both ways, put / call) out to next week), just out of the money.

Spoony Love said:

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That's not a bad thought if we settle close to $430.

I may write this down and see what it looks like in the morning.

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Are you thinking of a strangle instead of a straddle? Or am I?

What's the difference?

I'm just thinking pick the winner and let the loser go quickly. I did that right before the big drop today and it worked out.

nevermind as I was strategizing the market popped and prices are now off balance

Obeying some lines today (SPY)

Definitely agree that the market is going to swing based on AAPL earnings. Is there a good play out there based off that? Even the straddle pricing and R/R look crappy.

wanderer said:

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Obeying some lines today (SPY)

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Pretty clean

Whew glad I stayed away from HOOD. I was trying to bottom fish that one. It's valuation is now about 20% below the last private market valuation before IPO

Quote:

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Average Revenues Per User (ARPU) for the quarter decreased 39% to $64 on an annualized basis, compared with $106 in the fourth quarter of 2020. The decrease was primarily related to lower trading volumes per user for options and equities and lower interest earnings per user from securities lending due to declines in market rates earned on loaned securities, partially offset by higher trading volumes per user for cryptocurrencies. ARPU for the year decreased 5% to $103, compared with $109 for the year ended December 31, 2020. On a sequential basis, ARPU remained consistent compared with the quarter ended September 30, 2021

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Dan Scott said:

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Whew glad I stayed away from HOOD. I was trying to bottom fish that one. It's valuation is now about 20% below the last private market valuation before IPO

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CEO cashed out as soon as he could sell shares.

Max Stonetrail said:

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LMCane said:

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ProgN said:

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Jet Black said:

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Irish 2.0 said:

---

Don't try bottom picking in this market

---

I'm just wondering how much lower it can it actually go.

---

If you don't use margin or call options but buy the stock outright, then I'm confident you'll be very happy by May.

---

I'm 51 and not ever going to get into the day trading puts and options and call game.

I buy and hold.

and this January has been fantastic for me. Every day I am adding to my decliners- some at one year lows now. so tempted on Tesla but I already have 10 shares and instead I'm going with ETF heavy on TSLA such as IYW.

been adding to my NVIDIA, Enphase, Intel, ARKG, ARKW, T, Disney, Emerson, and a crap ton of ETF sector funds for market and sector (mostly tech) but even a bit in the SPY and IWM for Russell

---

For a lot of us, this is a trading account. My retirement and money that I "need" is not on this roulette wheel, although some of my posts mix them in.

I am curious about your TSLA comment and being in IYW. I looked at their holdings and see what I am guessing are warrants issued through Blackrock that make up 0.09% of the ETF, at least on that report. Maybe they are marking it incredibly low to market (which I am not sure if that kind of sandbagging is even legal but it is Blackrock)? But it certainly doesn't look TSLA heavy.

In doing this, I looked at several indices and tech ETFs. They are ALL mostly comprised of FAANG + MSFT + TSLA (except IYW). You would have more exposure to TSLA on the QQQs.

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correct, I have a lot of QQQ and probably 6 ETFs which have exposure to TSLA
also big into the FAANGS

my largest positions are ONEQ, DIA, SPY, QQQ but the last month have been putting thousands into individual stocks that have been pounded down in the last quarter

WDC beat earnings and then dropped 15%. I just bought 100 shares to see if this gets the MSFT treatment.

Bob Knights Liver said:

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WDC beat earnings and then dropped 15%. I just bought 100 shares to see if this gets the MSFT treatment.

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not a ton of volume..

BrokeAssAggie said:

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Bob Knights Liver said:

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WDC beat earnings and then dropped 15%. I just bought 100 shares to see if this gets the MSFT treatment.

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not a ton of volume..

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I am guess this is reaction to perceived slowing demand with people going back to the office? It's only 3:24 so guessing they haven't had a call yet to explain anything.

It's all about guidance these days...

The Market vs. Retail

That's the most riveting 19 seconds ever.

I hope he's ok.pic.twitter.com/H0ysN6UYIG

— Sven Henrich (@NorthmanTrader) January 27, 2022