mazag08 said:

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Irish 2.0 said:

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I don't typically do ER plays, but some SNOW volume caught my attention. 811K on the 4/14 265C. I got in at $26. Good bit of size buyers at the 3/18 315C too. This little volume candle caught my attention...

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That's tempting as hell.

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Can you two offer some additional perspective on what makes this attractive? Asking as I'm trying to learn. TIA.

mazag08 said:

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Irish 2.0 said:

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mazag08 said:

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Irish 2.0 said:

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I don't typically do ER plays, but some SNOW volume caught my attention. 811K on the 4/14 265C. I got in at $26. Good bit of size buyers at the 3/18 315C too. This little volume candle caught my attention...

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That's tempting as hell.

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I got a mazag08 nod...Gonna YOLO the rest of my account at it now!

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Lol.

I just spent the last 5 mins trying to figure out what candles that was. Didn't realized it was zoomed in on 5 min candles from just today. Still might be relevant, but it's not much more than a standard beginning or end of day volume bar. I don't like what I'm seeing on daily candles so going to sit out.

I could make a case for it getting back to $325

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FIFM

Curious what the board thinks about VALE.

Is this a William O'Neil style play here? Looks like it's about come out of a deep and long cup with cup line around 19.44ish.

Expecting a pullback here slightly then power through in coming days and weeks. Is this set up right? Their fundamentals look good, and they pay a fat dividend.

Is this one worth jumping in after? There are a lot of shares outstanding so that's the only concern…..that, and we may be drifting toward a bear market.

CSTXAg92 said:

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mazag08 said:

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Irish 2.0 said:

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I don't typically do ER plays, but some SNOW volume caught my attention. 811K on the 4/14 265C. I got in at $26. Good bit of size buyers at the 3/18 315C too. This little volume candle caught my attention...

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That's tempting as hell.

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Can you two offer some additional perspective on what makes this attractive? Asking as I'm trying to learn. TIA.

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For me it is the aggressive option flow I've seen today and that candle on the 1min chart (I never use the 1min for TA) was 171K shares. The highest 1min bar the rest of the day 47K. It is ER, so it is a crap shoot

Charting question - Fibonacci retracement. How many periods do you guys use and on what time period?

CSTXAg92 said:

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mazag08 said:

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Irish 2.0 said:

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I don't typically do ER plays, but some SNOW volume caught my attention. 811K on the 4/14 265C. I got in at $26. Good bit of size buyers at the 3/18 315C too. This little volume candle caught my attention...

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That's tempting as hell.

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Can you two offer some additional perspective on what makes this attractive? Asking as I'm trying to learn. TIA.

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Big volume bar that you assume is a goal post. Looking back, the next closest one in size came closer to the highs of the week with this one being closer to the lows. Meaning you had smart money potentially exit at the weekly highs and re-renter on the lows today, potentially signaling a move back up on the near horizon.

Personally, I don't play short term trades enough to feel confident about volume spikes on small candles. If I see them on hourly or daily candles then I consider jumping in.

But I'm a small pea. 30k and one of the McInnis personalities likely bought 1,000 contracts.

AG 2000' said:

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Charting question - Fibonacci retracement. How many periods do you guys use and on what time period?

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All and many?

The market is fractal in nature. You can use them on any timeframe using any candles.

But know what you're looking at/for. Picking random points and looking for retracements is like trying to catch a kite in a tornado.

Yall know I'm the EW guy. So my use of them is to measure retracements / extensions of previous waves that I've successfully identified and to project forward to the next wave(s).

ENG to boil up to $2.43/share resistance?

Irish 2.0 said:

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CSTXAg92 said:

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mazag08 said:

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Irish 2.0 said:

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I don't typically do ER plays, but some SNOW volume caught my attention. 811K on the 4/14 265C. I got in at $26. Good bit of size buyers at the 3/18 315C too. This little volume candle caught my attention...

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That's tempting as hell.

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Can you two offer some additional perspective on what makes this attractive? Asking as I'm trying to learn. TIA.

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For me it is the aggressive option flow I've seen today and that candle on the 1min chart (I never use the 1min for TA) was 171K shares. The highest 1min bar the rest of the day 47K. It is ER, so it is a crap shoot

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I like it. Grabbed 10 shares for the earnings release. Want the flexibility of shares and also to be able to trade it this evening depending on how that goes.

I love vale, so easy to draw s/r and sell calls against. In addition to their regular dividend they've issued several special dividends since I've been in it. Their biggest problem is they have a bad habit of causing natural disasters, but since they operate primarily in third world ****holes they just pay a couple "fines", have a bad er where they write them down, and climb back up.
I probably wouldn't buy here, feels overextended. I'd sell puts at 17ish and try to get a 16-16.5 basis
Though i think they mine a bunch of nickel so maybe they'll continue to fly on ev hype

Is anybody from the Fed scheduled to run their mouth after close?

I noticed the Powell info about a quarter point rate raise in March didn't really cause the market to flinch very much.

Spoony Love said:

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Is anybody from the Fed scheduled to run their mouth after close?

I noticed the Powell info about a quarter point rate raise in March didn't really cause the market to flinch very much.

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Yes, I think so, I don't have it on hand, but I think 1 more speaker

Spoony Love said:

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Is anybody from the Fed scheduled to run their mouth after close?

I noticed the Powell info about a quarter point rate raise in March didn't really cause the market to flinch very much.

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I'm actually surprised we didn't run more. He said .25 when people were expecting .50.

But also confirmed they backed off because of Russia.

I really like OA's AXP tweet. I'm seeing a bottom in place yesterday with the next major target being $217-$220 in late March to late April timeframe followed by a very harsh reversal.

Looking at $210 calls in April and May with goal of going net free as soon as possible and letting the runner go until target is hit. Watching today though. If market dumps a hundred points it could grab a marginally lower low with juicier entry prices.

TSLA rippy into close

I will not get back in.. I will not get back in...

BREwmaster said:

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TSLA rippy into close

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13 minutes to get to $1000

Can you lotto a spread? Grabbed a 3/4 910/920C spread on TSLA. Up 20% in last ten minutes.

Not in it, but caught my attention. ER tomorrow after close

Another pump and dump or sustained rally?

Rate strategy getting clearer but inflation still looms.

Russia in a corner.

They're beating SNOW like Antifa at a biker rally.

SNOW melt.

I don't get it, they beat estimates. Was there some bad juju in their guidance?

Edit - read their guidance, they're projecting 70% YoY growth for this year.

Is it the acquisition news?

Perplexed.

I just discovered I got stopped on Tsla. Rats.

They beat on rev. not EPS. They missed that by 43 cents

AG 2000' said:

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SNOW melt.

I don't get it, they beat estimates. Was there some bad juju in their guidance?

Edit - read their guidance, they're projecting 70% YoY growth for this year.

Is it the acquisition news?

Perplexed.

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I kind of want to say it but don't want to get yelled at.

Irish 2.0 said:

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They beat on rev. not EPS. They missed that by 43 cents

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Yeah just caught that. That explains it.

Swell.

Major over reaction.

$30,000 Millionaire said:

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50K account. Buying 5 shares of SNOW at $188

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Probably not a bad move. I see it getting no lower than $175.

$30,000 Millionaire said:

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50K account. Buying 5 shares of SNOW at $188

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almost bottom ticked it sir. Nice. already 207 and popping.