I could watch that all day..
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some men you just cant reach ...
Tesla 830 tomorrow makes me very very happy.
3. EARLY MOC IMBALANCE 1.7 BLN SELL-SIDE.
— Breaking News | FinancialJuice (@Financialjuice1) February 24, 2022
we get another green day tomorrow?
yes, at the open anyway.
It was the perfect deep stop reversal open. When I show up on this thread posting buys and strategy for long entry its not an accident. Time is crunched these days but I always try to assist the best!Jet Black said:
Not what I was expecting today. We are living in the bizarro world.
Anyone who followed the QCOM calls they past 100%. I went net free but will lighten another 25% for pure profit by close on such a prolific squeeze day.
https://twitter.com/oldarmy1/status/1496873207474925581?s=20&t=z5AEUNawo5jms1uB5vLKww
https://twitter.com/oldarmy1/status/1496873207474925581?s=20&t=z5AEUNawo5jms1uB5vLKww
oldarmy1 said:It was the perfect deep stop reversal open. When I show up on this thread posting buys and strategy for long entry its not an accident. Time is crunched these days but I always try to assist the best!Jet Black said:
Not what I was expecting today. We are living in the bizarro world.
Good to see you big man. How's dad and fishing been going?
I ended up with 1 TSLA, NVDA and GOOGL call for tomorrow.Max Stonetrail said:
What is everyone thinking on positioning for tomorrow?
I am torn between nothing and continuing the exuberance by buying calls in all my favorite high beta stocks - AMD, TSLA, NVDA and of course some SPY for good measure. It just feels crazy on a 3.4% move from 410 - 424 in SPY.
I guess we go back to worrying about the Fed...
You know, just to keep the morning interesting without worrying about it tonight.
I bought some $425 SPY with 3/4 expiration this morning when pricing was around 412. Up nicely. I've got one hold over for tomorrow.Max Stonetrail said:I ended up with 1 TSLA, NVDA and GOOGL call for tomorrow.Max Stonetrail said:
What is everyone thinking on positioning for tomorrow?
I am torn between nothing and continuing the exuberance by buying calls in all my favorite high beta stocks - AMD, TSLA, NVDA and of course some SPY for good measure. It just feels crazy on a 3.4% move from 410 - 424 in SPY.
I guess we go back to worrying about the Fed...
You know, just to keep the morning interesting without worrying about it tonight.
Still holding MGTI?
$AMD
— Ripster (@ripster47) February 24, 2022
Advanced Micro Devices, Inc. (AMD) Announces $8B Share Buyback 🚀🚀💰💰
BrokeAssAggie said:$AMD
— Ripster (@ripster47) February 24, 2022
Advanced Micro Devices, Inc. (AMD) Announces $8B Share Buyback 🚀🚀💰💰
Oh hell yeah!
On rare days I get to fish it's been great. Now as for dad, well he can flaunt fish at me any day....
Sure. Just sit and wait for next round to net free and hope something tangible develops.southernskies said:
Still holding MGTI?
Love you brother, but I'm rooting for Pop.oldarmy1 said:
On rare days I get to fish it's been great. Now as for dad, well he can flaunt fish at me any day....
BrokeAssAggie said:$AMD
— Ripster (@ripster47) February 24, 2022
Advanced Micro Devices, Inc. (AMD) Announces $8B Share Buyback 🚀🚀💰💰
I tell him enjoy fishing but when I'm on the water I'm on the hunt!
Very nice
Are you using that bass to hunt for real bass? ;-)
Bob Knights Paper Hands
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I got back into CWH today. They beat EPS but were punished due to timing of their earnings release. Record revenue, etc, etc. I looked at Apr, May, Jan2023, and Jan2024 calls and didn't like anything I saw. I should have probably looked at selling puts or a put credit spread, but was on mobile today. If the markets run here I think this one gets back above the 200-day quickly.
Bob Knights Paper Hands
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Ragoo said:
Tesla 830 tomorrow makes me very very happy.
Yes please.
overall pretty good day today. Just be careful with fomo.
You don’t trade for money, you trade for freedom.
let's look at 50K account:
So far, good week. I will look for opportunities to juice tomorrow with 0 DTE trades.
- XSP call - I got stopped on that at 4.20, unfortunately when I thought the market would turn. +$20. Could have been a great trade. Oh well
- XSP put - more of a hedge, but -$100
- APA - closed above 32. We are short next week's 33C against full position. Let's see what happens. Our net basis in this is about $33/share, which we've lowered to $32.10 via covered calls. We've been able to bring in 5.6% in premium to keep us above water while the stock has flopped around. I'm OK keeping or OK being assigned. If we get assigned, we'll make about $0.90/share or $180 which is 2.6% for a 3 week hold.
- CWH - short 29P is about neutral, just need to wait
- DKNG - probably sold the call for next week too early, but assuming we get assigned, we'll end up clearing about $200 or 10% on this one
- ESSC - flat today, we just wait
- LGVN - bought today, up about 4%. Waiting for $7
- KO - I'm not too happy about this, but the trade is still valid. We're down about $100 on this. There may be higher uses of our money, but this is a quality company and we're not out of the woods re: high beta yet.
- MTTR - up big today. Our basis is $7.05, I sold March 7.5C for $0.50 on full lot. That would net us $0.95 if we get assigned in march, which would be 13.5%. If we don't get assigned, we are lowering our basis to $6.55 which is below the current price
- NEM - we probably get assigned. I'm OK if we don't and get to keep the premium. I sold the call on it too early, but it made sense at the time
- PLTR - our basis in this is $11.68, I sold the March 4 12C for $0.18, which will lower our base to $11.50. If we get assigned, that's $100 in profit or 4.2%. Not horrible for a two week hold.
So far, good week. I will look for opportunities to juice tomorrow with 0 DTE trades.
You don’t trade for money, you trade for freedom.
Some insane moves. LMND was down like 23% in early morning trading and closed positive
Thanks for the work you're doing on this 50k account. Very educational for me.
Today was the first time l ever traded XSP. Did 3 trades and was green on all three but I was amazed how the bid/ask prices were fluctuating wildly.
Today was the first time l ever traded XSP. Did 3 trades and was green on all three but I was amazed how the bid/ask prices were fluctuating wildly.
I was going to ask about that (wild fluctuations). What's the reason for that?frankm01 said:
Thanks for the work you're doing on this 50k account. Very educational for me.
Today was the first time l ever traded XSP. Did 3 trades and was green on all three but I was amazed how the bid/ask prices were fluctuating wildly.
It was all over the place and hard to follow pricing flow.
Can somebody explain why we went up bigly? These sanctions are a joke
some men you just cant reach ...
$30,000 Millionaire said:
let's look at 50K account:
- XSP call - I got stopped on that at 4.20, unfortunately when I thought the market would turn. +$20. Could have been a great trade. Oh well
- XSP put - more of a hedge, but -$100
- APA - closed above 32. We are short next week's 33C against full position. Let's see what happens. Our net basis in this is about $33/share, which we've lowered to $32.10 via covered calls. We've been able to bring in 5.6% in premium to keep us above water while the stock has flopped around. I'm OK keeping or OK being assigned. If we get assigned, we'll make about $0.90/share or $180 which is 2.6% for a 3 week hold.
- CWH - short 29P is about neutral, just need to wait
- DKNG - probably sold the call for next week too early, but assuming we get assigned, we'll end up clearing about $200 or 10% on this one
- ESSC - flat today, we just wait
- LGVN - bought today, up about 4%. Waiting for $7
- KO - I'm not too happy about this, but the trade is still valid. We're down about $100 on this. There may be higher uses of our money, but this is a quality company and we're not out of the woods re: high beta yet.
- MTTR - up big today. Our basis is $7.05, I sold March 7.5C for $0.50 on full lot. That would net us $0.95 if we get assigned in march, which would be 13.5%. If we don't get assigned, we are lowering our basis to $6.55 which is below the current price
- NEM - we probably get assigned. I'm OK if we don't and get to keep the premium. I sold the call on it too early, but it made sense at the time
- PLTR - our basis in this is $11.68, I sold the March 4 12C for $0.18, which will lower our base to $11.50. If we get assigned, that's $100 in profit or 4.2%. Not horrible for a two week hold.
So far, good week. I will look for opportunities to juice tomorrow with 0 DTE trades.
=sum(XSP:PLTR)
what is "our" current balance?
I think the two dominant theories I've seen so far are:Hedge said:
Can somebody explain why we went up bigly? These sanctions are a joke
1) Biden said in his speech we won't defend Ukraine. So no risk of USA/NATO vs. Russia firefights and a larger conflict.
2) With Russia - Ukraine blowing up and also significant pressure on oil prices, the Fed won't actually go through with the rate increases.
SQ with earnings AH and up ~23%
ETSY with earnings AH and up ~26%
Growth names are back! (maybe??)
ETSY with earnings AH and up ~26%
Growth names are back! (maybe??)
Let's see what CPE and CPI show over next couple weeks. We could be contracting in the economy….how else can anyone explain best quarters ever for all these companies only to be carved up, one after the other?
I doubt Fed will raise rates meaningfully because they are kinda trapped. Raise rates and default on debt. Keep rates low and inflation will carve up the middle class.
When given the opportunity, Fed/govt will always save its own sorry @$$ and not the peoples'.
In meantime, I'm trading prices accordingly and trying not to be caught too long or short at any one time.
I doubt Fed will raise rates meaningfully because they are kinda trapped. Raise rates and default on debt. Keep rates low and inflation will carve up the middle class.
When given the opportunity, Fed/govt will always save its own sorry @$$ and not the peoples'.
In meantime, I'm trading prices accordingly and trying not to be caught too long or short at any one time.
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