The last hour on the /ES has just been speed bagging between 4500 and 4505.

Bob Knights Liver said:

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Decay said:

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Bob Knights Liver said:

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It's like all the volume stopped. The markets today are like one of those crappy movie about feelings that my wife likes to watch where nothing happens but everyone sits around looking at each other intensely.

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Maybe it's like a western where everyone is about to cut each other down...

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I had never thought about the parallels there. I love spaghetti westerns or others with that slow building tension. Wow, are you a couples' therapist?

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I'm basically the best husband ever so yeah. Just take my word for it, you don't need to ask my wife.

DWAC looking to bust another move.

AG 2000' said:

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The last hour on the /ES has just been speed bagging between 4500 and 4505.

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There's a lot of MAs in that 4521-4527 range. Let's see if we can at least get a little test up through those today.

Grabbed a lotto $452C SPY just to keep things interesting in this spaghetti western of a day.

ES-F has gotta break soon here, the triangle is getting tighter

sts7049 said:

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ES-F has gotta break soon here, the triangle is getting tighter

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McInnis 03 said:

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ProgN said:

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McInnis 03 said:

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Pton earnings tomorrow.

This could be an inverted SNAP situation. Gigantic rumored runup today........may be worth a play (if you find value) to the downside.....but small small small small small.

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That's balsy with a potential buyout from AMZN or NKE. PTON could **** the bed on earnings and not drop.

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LoL, no, it's balsy if you're putting hay down. I'm talking about a $.50 fly or something.

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Yo mcfly, did you decide to do this, and can you hold my hand and help me set me up my first fly?

PTON seems to be heating up a little (more)

Earnings on top of the buyout rumors

I'm in for a few.

Charismatic Megafauna said:

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McInnis 03 said:

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ProgN said:

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McInnis 03 said:

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Pton earnings tomorrow.

This could be an inverted SNAP situation. Gigantic rumored runup today........may be worth a play (if you find value) to the downside.....but small small small small small.

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That's balsy with a potential buyout from AMZN or NKE. PTON could **** the bed on earnings and not drop.

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LoL, no, it's balsy if you're putting hay down. I'm talking about a $.50 fly or something.

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Yo mcfly, did you decide to do this, and can you hold my hand and help me set me up my first fly?

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Honestly, if i were to do it I'd pin it somewhere close to what it's at now, so either 30 or 31.

Let's say I think it ends this week close to $30....

I'd buy the $28c for this Friday, sell 2 of the $30c for this Friday, and buy the $32c for Friday and I'd look to pay less than $.30 for each butterfly. This would net a max of $2 by closing at $30.00 on Friday close for 9x or so return....but if it gets anywhere close to 3x-4x between now and then I'd start dumping.

I'd be long PTON. They back to IPO price from 2019. THeir business is better than what it was then. Wouldn't be surprise to see it react like SNAP.

Dan Scott said:

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I'd be long PTON. They back to IPO price from 2019. THeir business is better than what it was then. Wouldn't be surprise to see it react like SNAP.

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If THIS is your thesis, buy the 40c and sell the 45c for this week for about $.40

F off, it's not like i asked what model T was or how to sell a cash covered put

CNBC was saying to buy PTON today ahead of earnings.

That makes me want to do put spreads or a butterfly around the $26-27 range.

Cheers, mates
Edit: filled at .29
Makes sense after writing it out, i dig it!

Irish 2.0 said:

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If it was Cramer, I'm going short...

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Najarian.

I am not McFly and these don't often work out for me, but I have orders open for low-ball PTON 2/11 put flies of 24/25/26 for $0.03 and 23/25/27 for $0.16. If none of these fill I won't be sad, but if they do I think they could be easy to make profit on down swings or if the earnings or conf call don't go as hoped. Very small lotto sizing.

$MS doing that Bonfire1996 thing he said it was gonna do.

cptthunder said:

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$VALE right at its longer term Model T($17.15) today (Jul29 - Nov18)
I took my shares off the table and will now look for some consolidation and see how it behaves

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Sold 2/25 cc on all my shares for .65
Earnings 2/24 i believe
Prepare for moon mission

Spoony Love said:

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Grabbed a lotto $452C SPY just to keep things interesting in this spaghetti western of a day.

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Got a 451. Been buried, first trade of the day

Bulls just don't want it.

I lost out on green with it but there is still time to turn it around. On a phone call and lost track. Boooo!

It was just a few bucks anyway to keep it interesting.

PTON volume spike

Bonfire1996 said:

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McInnis 03 said:

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Bonfire1996 said:

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I'll be closing out some tech names between now and Wednesday. Names that are high growth, marginally profitable names.

Inflation report is going to be a disaster and I think Janet Yellen gets canned afterwards. Market will not like it.

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Woah, you don't really think so do you!?

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Yes, he is going to blame Yellen for inflation which stopped his domestic agenda cold.

She came out over the weekend and said she isn't quitting, and everyone was looking around wondering what prompted that. She will be the Fall Guy for Biden's inflation disaster.

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praying that the CPI print thursday is 7.3%

the final nail in Biden's inflation coffin

Spoony Love said:

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I lost out on green with it but there is still time to turn it around. On a phone call and lost track. Boooo!

It was just a few bucks anyway to keep it interesting.

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That's why it's called a lotto. Not looking like it's going to work...

I'm gonna wait till close tomorrow and throw a strangle on ATM.

Can somebody unplug DWAC and plug it back in.