MRO could have peaked when it hit its highest close past 3 months.
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Last: 16 min ago by Heineken-Ashi
Bob Knights Paper Hands
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Bob Knights Liver said:
It got rejected. TSLA 750P.
Out on those for 4 point target. I'm going to sit and wait to see if we continue running down or bounce off the bottom of the channel.
Bob Knights Paper Hands
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QQQ300 and TSLA770 calls may be on deck if TSLA gets to $766
SPY looks to be using its downtrend line from 4/19 4/28 close as support. But it sure is testing it quite a bit. Careful if it breaks below ~397.7
300.75 still a huge level of supply for QQQ
Bob Knights Paper Hands
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Bob Knights Liver said:
QQQ300 and TSLA770 calls may be on deck if TSLA gets to $766
I got in these when they held above that 10-SMA (5-min intervals). Sell target is the tops of the channels at $779 and $303.
in TSLA $780 calls. 21.90 entry.
Breaks below $758 I am getting out of these.BrokeAssAggie said:
in TSLA $780 calls. 21.90 entry.
Gonna take a break for a bit, probably best to stop looking at the market everyday and getting pissed off. Set it and forget it for now.
Bob Knights Paper Hands
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I'm out of my calls. Back to even for the day. I have meetings starting at 10 until end of the trading day, so I'm done for awhile.
VIX stays below $29 I think we get another bounce back up...
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Reminder in case we sell down further. Could be a good spot to bounce but wait for confirmation.texagbeliever said:
SPY looks to be using its downtrend line from 4/19 4/28 close as support. But it sure is testing it quite a bit. Careful if it breaks below ~397.7
For QQQBrokeAssAggie said:
VIX stays below $29 I think we get another bounce back up...
298 has been a big demand area since Friday...
300.75 huge supply...
Looking to see if we retest 298 and get a bounce here.
At the charts i see, things look to be looking for a downward break. Careful if long calls.
Last 30 min have been UGLY for Tesla.
Yep... feels like a day we break lower.texagbeliever said:
At the charts i see, things look to be looking for a downward break. Careful if long calls.
Bob Knights Paper Hands
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What's going on with SAVA? Anyone hear any chatter? It's up 10%
If 3858 was the low of this last leg, then it should retrace 50% from 4300 or about 4080. I think we've only touched 4020 or so. That means we are either headed below 3858 or we need to touch 4080 fairly soon.
Some Fib experts wanna correct me if I'm wrong?
Some Fib experts wanna correct me if I'm wrong?
AAPL really needs to hold 145 if this is going to not have the bottom fall out.
Also worth watching XOM/MRO O&G is looking to keep SPY around 400
Also worth watching XOM/MRO O&G is looking to keep SPY around 400
Netflix PE is 17…. Seems low.
Meet Kevin was pumping The Trade Desk yesterday.bmks270 said:
Netflix PE is 17…. Seems low.
it has dropped like 50% in the last year.
and still it's P/E today is
The Trade Desk has a trailing-twelve-months P/E of 52.44X compared to the Internet - Services industry's P/E of 17.16X.
Bob Knights Paper Hands
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bmks270 said:
Netflix PE is 17…. Seems low.
Trailing earnings or NFLX management forecast earnings? I think NFLX and FB still have to rebrand or redefine how they get revenue. They might succeed and then this was a good buying opportunity, or they might struggle and we continue to go lower. I still think there's a lot of uncertainty for their future. That doesn't mean it's wrong to go long, but just consider higher uncertainty versus a company that just needs to keep doing what they have been doing.
SPY new HOD, VIX LOD..
bears aren't having none of that.
I promised myself I wouldn't trade much today…lost s bunn h trading OpEx in March. Still recovering from that. But it's so much fun :-).
Looks like today could be setting up to be a reversal from the rally over last 2 days. May retest low 390s tomorrow if not sooner.
But always tricky/active trading during OpEx.
But always tricky/active trading during OpEx.
chop conditions. hard to trade.
You don’t trade for money, you trade for freedom.
Probably easier to sell OTM options this week rather than buy them. But market makers could just eat everyone's money this week.
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BaylorSpineGuy said:
Probably easier to sell OTM options this week rather than buy them. But market makers could just eat everyone's money this week.
That's probably not a bad play - sell way OTM options out a month or so. I'm not good at that so I'm not going to, but if you were quick to take profit and we're willing to sell by end of Thursday whether you were up or down it's probably a positive EV.
Yeah……I think that's the move. I don't have enough to sell the options cause my account is still a toddler in terms of size but just throwing ideas out for the masses here.
Unless AAPL goes below 145 and TSLA below 733.$30,000 Millionaire said:
chop conditions. hard to trade.
TSLA below, AAPL is on deck.
LMCane said:Meet Kevin was pumping The Trade Desk yesterday.bmks270 said:
Netflix PE is 17…. Seems low.
it has dropped like 50% in the last year.
and still it's P/E today is
The Trade Desk has a trailing-twelve-months P/E of 52.44X compared to the Internet - Services industry's P/E of 17.16X.
Trailing 12 month? What use is that (seriously)? Just look at the PE TODAY, it's 17.9.
https://www.benzinga.com/analyst-ratings/22/05/27222292/where-netflix-stands-with-analysts
It seems like a buy to me for long term, I've been holding it a while and so I have so some losses on it at this level. I am not going to add more now, and selling for the tax loss and entering again in a few months might be better.
But when Googles PE was 18 about two years ago it climbed 70% in the next year an a half, and I kick myself for not jumping into that trade when I realized it seemed so under valued compared to broader tech.
Hard to know near term, the market could see it drop another 50% with the exit from tech… maybe worth another deep dive on fundamentals, market share, and their competitors since the landscape is shifting.
Charismatic Megafauna
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AG
Longer term idea: is been on a tear since about march, but SJT. I think we're within a quarter or two of another San juan basin boom. Lots of tailwinds for us nat gas and all the infrastructure is already there. Gas prices hold into winter i think development will really pick up and this seems like the best way to get into it, as so much is Indian minerals and private operators (hilcorp). Are there any pure play sjb operators?
SPY will decide a direction IMO soon.....
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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