$Spy 405Put/420Call Spread paid well on the put side. Flub up the stop on the call side, so less profitable than it could of have been.

Dan Scott said:

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NVDA and TSLA nice bounces off the low

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I started to go in TSLA calls when it crosses 858, but I'm just going to sit out. I'll come back after lunch.

Sold 1 RH 270 put for next week at $4.60.

RH at 270 is very close to pre-pandemic high and PE of 11, forward PE around 9

AgOutsideAustin said:

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Yes sir the old Yugo fired up this morning and backfired a few times, is currently chugging out black smoke though.
Looking good so far for a big ol bite of VTI this afternoon.

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The yugo schtick would be a lot less obnoxious if you checked in and told us when you were selling at the tops, but I've asked before and i believe you just buy and hold, so even if you are as good at picking bottoms as you think you are you'd still be better off dollar cost averaging

Dan Scott said:

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400.61 is the gap fill on SPY. That's the target

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I've got a trendline at 404.2ish.

AMD, AAPL and TSLA all leading the charge.

25.3K 420C today. 23.5K 425C..

Someone know something?

MSTR put premium is insane. Next week 200 puts are $2. Bitcoin would have to drop to around $25,000 for that to happen

Per report, VALE confirmed it has entered into agreement with Tesla to supply class 1 nickel form its Canadian operations.

Ah yes! I was thinking that was the model T reference haha. Is dropping in sidelined cash to VTI at 10% drops your thing? Or do you wait for larger drops?

<rim shot>

Bob Knights Liver said:

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Don't leave. If too many leave it will just be me and BrokeBackAggie ****posting about TSLA options trades.

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speaking of, she's green and startling to flag.

i decided i was gonna try and scalp CHWY around 28, because it looked like it was in free fall. rode that sucker down for about 2k profit. i think i'm done for today.

this week was really good for me. made up for some of the bloodshed at the beginning of april, my win loss record on trades was 22-9. i'm still in the hole a little YTD, but progress is progress!

why was Shopify at $1900 a year ago...
and $370 now?

and why would it ever go back to $1900?

anyone playing long on Shopify?

$30,000 Millionaire said:

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30K:

Below yesterday LOD - short
Above 4150 - long

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this worked, by the way.

QE, anyone? Or, another half point move?

Growth Tech has taken a beating for a while now; however, I think the market has resorted to torture. Just a lot of bloat being trimmed. Value stocks, not so much pain, IMO.

So before the crowd grabs the pitchforks and marches in the streets about a bear market confirmed by 2 negative GDP quarters (only 1 reported to date...maybe), here's a nugget I am borrowing (copying) and I wish I was the person who figured it first, but I wasn't.

"First-quarter real GDP declined at a 1.4% annual rate due largely to the net exports figure. Real imports jumped at an annual rate of 17.7%. while real exports declined at a 5.9% annual rate. Excluding net exports, real GDP grew at a 1.7% annual rate. Real final sales to domestic purchasers, which provide a good reading on the economy, grew at 2.6% annual rate and have nearly matched their long-term growth rate over the last three quarters. Consumer spending and business investment is holding up well despite the decline in fiscal stimulus. First-quarter economic headwinds included the January Omicron wave, the war in Ukraine, and he start of Federal Reserve monetary tightening."

(Bold emphasis was added by me. I think this is the real story. Someone else might think it's polishing a turd.)

With all that being said, there's still a one-in-three chance of a recession due to the Fed's miscalculation. Yet, with corporate profits being high, and share buybacks taking place, the outlook is favorable and not dismal.

Going back to my hole to finish my county tax protest evidence. Gotta finish it today.

Give it hell boys, it's your only chance on earth.

Yeah, I wondered if this was going to be the dot com boom/bust of my generation.

what da heck was that pop? news?

Started taking a nap when I was way red. Now I'm somewhat green. What happened when I was away?