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25,122,384 Views | 233842 Replies | Last: 1 hr ago by $30,000 Millionaire
texagbeliever
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$30,000 Millionaire said:

ProgN said:

What's sad is all the major corporations went woke with DEI bull**** because of the legion of fake prog bot army


The DEI stuff tends to be window dressing and very insincere. for middle management / analysts and not for executives.
FIFY.

The only people who believe in DEI are the ones who got their jobs because of DEI.
$30,000 Millionaire
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AG
While we have a few minutes, I'm going to watch Facebook for day trades. It's had R/S lately.

I think I am long biased today, but I want to ideally buy a dip of sorts, hopefully at the open into demand with an opportunity to get long there. I am not going to buy anything at the open. Today may not be a 0 DTE day either, but if there is a trend, I may give a couple a shot.
You don’t trade for money, you trade for freedom.
ProgN
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Bob Knights Liver said:

BrokeAssAggie said:

So how do you determine that? Newbie question..

There's a right way and there's an engineer way. The engineer way, I take half the move (green or red) and go that far (up or down) from the strike price to get a midpoint delta. I multiply that delta by the whole amount of the move (up or down) and then I add or subtract that from the previous contract price prior to the move. I'll usually add or remove a little WAG amount, depending on if the move goes with or against my momentum, but that's not a material amount.


$30,000 Millionaire
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texagbeliever said:

$30,000 Millionaire said:

ProgN said:

What's sad is all the major corporations went woke with DEI bull**** because of the legion of fake prog bot army


The DEI stuff tends to be window dressing and very insincere. for middle management / analysts and not for executives.
FIFY.

The only people who believe in DEI are the ones who got their jobs because of DEI.
In some ways, I think it's touted by some senior leaders as a vehicle to keep their jobs. They're fine pulling the ladder up behind them as long as they get to remain.
You don’t trade for money, you trade for freedom.
Bird Poo
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My Fortune 500 company has a new VP of DEI. The dude is a smarmy hack that I've known for years as a ruthless corporate climber, who happens to have a law degree.
$30,000 Millionaire
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AG
I just avoid HR to the degree I can, which is not very much
You don’t trade for money, you trade for freedom.
cjo03
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AG
$30,000 Millionaire said:

I just avoid HR to the degree I can, which is not very much


we're always watching.
Seven Costanza
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Quote:

EDIT: Oh and there is strong sentiment against a digital USD. Pretty sure either Powell or Gessler, can't remember which, has publicly admitted that the digital Yuan is being used as surveillance on its people. Good luck being a politican and getting elected running on a platform of anti-BTC and pro digital USD.
I don't think this will happen, but I could envision a scenario where the economy absolutely tanks in a way that collapses some major institutions, the money printer gets turned back on in a big way, we wind up in an inflation spiral that results in actual hyperinflation, and the USD becomes worthless. The government steps in a creates the fedcoin and we take one big step closer to becoming China.
Bob Knights Paper Hands
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I bought 1 TSLA 780C for next week. Bother SPX and QQQ are above their opening prices, so I think TSLA will reverse and go green from here as well. Only bought 1 though. I'll buy more at 8:45 if all have a green opening 15-min candle.

I took a $150 profit and got out. Waiting for direction on TSLA. If none, I may focus on APPL and SPX today.
BrokeAssAggie
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See if we can hold yesterday highs.
Swollen Thumb
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Bob Knights Liver said:

BrokeAssAggie said:

So how do you determine that? Newbie question..

There's a right way and there's an engineer way. The engineer way, I take half the move (green or red) and go that far (up or down) from the strike price to get a midpoint delta. I multiply that delta by the whole amount of the move (up or down) and then I add or subtract that from the previous contract price prior to the move. I'll usually add or remove a little WAG amount, depending on if the move goes with or against my momentum, but that's not a material amount.


Doesn't Delta (in the options sense, not the math sense) measure the change in option price from a $1 change in underlying security price? That being the case, couldn't you just look at that and do some very simple math?
BrokeAssAggie
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VIX below $30.
$30,000 Millionaire
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cjo03 said:

$30,000 Millionaire said:

I just avoid HR to the degree I can, which is not very much


we're always watching.
Most HR business partner types mean well, but just being in HR doesn't make a person a great people leader. I am sure you know what I'm referring to.
You don’t trade for money, you trade for freedom.
ProgN
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BrokeAssAggie said:

VIX below $30.



Bob Knights Paper Hands
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That's what I'm doing. However, delta changes as the underlying price moves closer to or further away from the strike price. Instead of using the delta at the strike price of my contracts, I use a delta from another strike price to estimate the average delta during the price move of the underlying stock.
cjo03
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$30,000 Millionaire said:

cjo03 said:

$30,000 Millionaire said:

I just avoid HR to the degree I can, which is not very much


we're always watching.
Most HR business partner types mean well, but just being in HR doesn't make a person a great people leader. I am sure you know what I'm referring to.


100%
BrokeAssAggie
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Go get $400 SPY!
Bob Knights Paper Hands
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TSLA finally starting to get with the program and move up here?
Bob Knights Paper Hands
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I think we keep running green here, but there is an absolute ****load of value in the downside ranges of SPX and TSLA today if we do go short.
sts7049
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AG
I'm taking a few tsla 700p
Bob Knights Paper Hands
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BrokeAssAggie said:

Go get $400 SPY!

Are you gonna change your name back after today?
$30,000 Millionaire
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AG
Does anyone else's wife always want to chat at like 8:35 AM? It's just such weird timing.
You don’t trade for money, you trade for freedom.
BrokeAssAggie
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Bob Knights Liver said:

BrokeAssAggie said:

Go get $400 SPY!

Are you gonna change your name back after today?
Still got $25K I need to make back from my HUGE eff up last year...
tailgatetimer10
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AG
close the office door, put headphones on... you're now in a meeting.
Jet Black
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$30,000 Millionaire said:

Does anyone else's wife always want to chat at like 8:35 AM? It's just such weird timing.


Mine prefers a crucial point in a movie or sporting event to try and strike up a conversation.
BrokeAssAggie
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If VIX get's back above 30 I am switching to Puts
TecRecAg
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bit of resistance at 400. Had to think that was going to happen.
irish pete ag06
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TecRecAg said:

bit of resistance at 400. Had to think that was going to happen.
300 on QQQ too
Charismatic Megafauna
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How cruel would it be to tap 414 or so today (connecting 4/21 and 5/4 highs) then give it all back + Monday. Or at close!
Bob Knights Paper Hands
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TSLA is still below it's opening price. Max pain for today is $800 and for next week is $920, so I still think it goes up, but we might get a retracement here before it does.
irish pete ag06
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Bob Knights Liver said:

TSLA is still below it's opening price. Max pain for today is $800 and for next week is $920, so I still think it goes up, but we might get a retracement here before it does.
It does seem like there would be plenty of puts to cook by the MMs.
Bob Knights Paper Hands
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Yep. Retracement to $750 and then crazy green candle festival for an hour wouldn't surprise me. I'm in 730P and will sell if we get to $750.
BrokeAssAggie
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VIX slowly moving down and SPY forming a bull flag...rippy coming up?
irish pete ag06
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AG
QQQ trying again.
Bob Knights Paper Hands
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Bob Knights Liver said:

Yep. Retracement to $750 and then crazy green candle festival for an hour wouldn't surprise me. I'm in 730P and will sell if we get to $750.

I'm out of the puts as we got back over the sma I was using. Now waiting again.
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