Thanks FJ, I'm going to continue to monitor PEP to see what happens between now and mid April. I feel like I noticed this one a bit too late and it's moved pretty quick

I haven't toured with Fib levels but also something I'll keep an eye on

Another short lister for me.

CRM

Lots of volume and OI on April 230C today. Looks ripe and flagging.

McInnis 03 said:

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BaylorSpineGuy said:

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McInnis 03 said:

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🤔🤔 https://t.co/PPGCPU6Q96

— chika (@chikatrades) March 22, 2022

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What does this mean? Talk to me in simple terms. Is this a reference to the Carl Icahn trade from a couple months ago where he bet like $2B on deep OTM calls when market was at like 4200?

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You can google the "JPM Protective Collar" to get the gist, but it's hard to find a better explanation than this

https://threadreaderapp.com/thread/1444085220173623296.html

then go look at the SPX 3/31 expriy, look at the 3810p OI and the 4510p OI. Finally take a gander at the 4920c OI. This is the JPM collar and it affects how things end on 3/31, at least that's the thesis.

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Sergey put out a new thread on the collar tonight

1/ Interesting inflection point (and pin risk?)

SPX closed at 4,511 today - almost at the short $JHEQX put strike of 4,510.

This short dealer put is negative gamma, which tends to add to volatility.

Surely we won't stay at 4,510 too long, right?

Not quite...

— Sergei Perfiliev 🇺🇦 (@perfiliev) March 23, 2022

I understand all of those words but I sure as heck don't understand them in that order
My brain hurts after reading that and highlights my true lack of understanding on option mechanics

FJ - I think you need to add this to your collection
https://bringatrailer.com/listing/1996-toyota-land-cruiser-fj80-56/
Add some custom plates: SPY SCALP
You would be set

That's a good looking jeep. Go for it and tell her to stay in her lane..

ProgN said:

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BrokeAssAggie said:

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That's a good looking jeep. Go for it and tell her to stay in her lane..

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So, when is FJ moving into your sanctuary, ahem "get away place"?

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On and off

McInnis 03 said:

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Bought a 3/25 1000p/975p/950p as insurance against my TSLA longs for $4.30. Not expecting much, but even a slight breather pullback would make it workable. This may be a lost trade but would be made up for by the longs so it's really a small hedge.

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Breather pullback here overnight......may try to unload this just after open and take the pop.

Thriller said:

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All good, Prog. I'll take in whatever is offered with gratitude.

I'm trying to soak things in here, which I is sometimes difficult given the speed at which things move during the trading day. At least some of the jargon is starting to make sense.

The mind-boggling thing I realize this afternoon are all the variables that need to line up to make moves work:

• Macro Factors
• Position Size
• Direction
• Timing
• Proper Entry Point
• Multiple Exit Strategies
• RiskManagement (R/R)
• Proper strategy to take advantage of the above
• Oh - and identifying a good setup, of course

I know they don't all have to be good to make a good trade happen, but you can't get many wrong and hope to succeed long term, I would imagine.

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This is the case for TA. Even with a team of researchers for an individual stock, it would be hard to get all of these factors correct. So instead of making discrete assumptions or statically varying the factors, you focus on analysis of what you do know. Historical price and volumes. This data is the resulting output of all of those inputs. The trick is to correctly use that data to forecast likely future behavior. We use price and volume trend analysis and pattern diagnostics, price pivots, moving averages, and other indicators based on price and volume to attempt to understand the historical behaviors and predict future behavior.

You can throw in options behavior as well if you want to get really fancy.

Oil looks to be starting another run.

Yuuppp...VLO, EOG, COP and others are sitting above their 52wk highs.

What was the 30k/50k short oil play? Gush? Calls or shares?

McInnis 03 said:

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McInnis 03 said:

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Bought a 3/25 1000p/975p/950p as insurance against my TSLA longs for $4.30. Not expecting much, but even a slight breather pullback would make it workable. This may be a lost trade but would be made up for by the longs so it's really a small hedge.

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Breather pullback here overnight......may try to unload this just after open and take the pop.

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took the slightest of gains. Still holding longs.

GO GME GO!!!!! meme stocks are so fun

i paid 4.50 for next weeks 150, and now 200 are the same price. unreal juiced premiums

Too early for rally ass?

Bought AMD 4/14 125C at 1.71

Bought CRM 4/14 230C at 1.48 average

Selling SPY lotto puts for the double

Well, gave up yesterday's gains right quick.

Lotto size SPY 450 Friday expiry

The 'ol switcheroo

AgShaun00 said:

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GO GME GO!!!!! meme stocks are so fun

i paid 4.50 for next weeks 150, and now 200 are the same price. unreal juiced premiums

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you crazy fudgers. Buying this weeks 150c/200c/250c for $4.40

First time to post on this thread, as I'm still learning the lingo. Can I ask a few dumb questions?

Is VLO going to benefit if prices fall, too, since they're in refining?

And I've been investing in LNG (both the symbol and others like RRC) thinking it'll be a good long-term play. Any thoughts on that for a 1-year or so hold?

Took profits on OAS this morning. Building up cash and ready to buy again.

Chop, chop, chop

Did you cut LOW?