Probably no vol today.
You don’t trade for money, you trade for freedom.
Stock Markets
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Last: 49 min ago by Ranger222
I wouldn't mind GOOGL dropping to $110 when the market opens to pick up some calls depending on how it reacts there
Just closed out this trade. Made 54%, I'll take it!FJ43 said:If you followed or took this trade yesterday when posted they will be up close to 50%+ at open should it maintain premarket.FJ43 said:
Buying XOM 100c for next week expiry. Lotto size and will manage them.
Bought some more XOM near the close, but sorry to say it wasn't me in the 16 million range.
Another green open to finish red?
precious metals in general have a nice correlation with running when the markets are pulling back or tanking (if you prefer that word). I went back and looked at the last good run up GOLD had, it ran pretty hard in February and into first week of March.BaylorSpineGuy said:
OA has also been on the GOLD train yesterday. Well, it double bottomed yesterday with an inverted red hammer, and is trading up PM.
Could be time for to buy those LEAPS if not already done.
have to hold 3970 or bulls lose the ball and we work back downGolf1 said:
Another green open to finish red?
topher06 said:Dan Scott said:
Unemployment rate starting to rise. Markets go up
Think it's a signal that the interest rates are impacting the inflation caused by the massive domestic overspending, so maybe the rate increases won't come so fast
they have been setting this up for a long time on CNBC
the worse the employment picture gets, the less likely JPow can continue to raise rates into a recession.
of course, no one is considering that a recession is not exactly bullish for corporate bottom lines either when no one has an income stream.
FJ43 said:If you followed or took this trade yesterday when posted they will be up close to 50%+ at open should it maintain premarket.FJ43 said:
Buying XOM 100c for next week expiry. Lotto size and will manage them.
Took 2/3 off at 85%. Trail set on balance.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Meant to sell 1/2 my position on spy and ended up selling everything except 1 contract… lol guess I'll let it ride and see how high it can go today.
FJ43 said:FJ43 said:If you followed or took this trade yesterday when posted they will be up close to 50%+ at open should it maintain premarket.FJ43 said:
Buying XOM 100c for next week expiry. Lotto size and will manage them.
Took 2/3 off at 85%. Trail set on balance.
115% keep going!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
At some point, bad news is going to be taken as bad news.
OKTA sweetness!
oldarmy1 said:
OKTA sweetness!
Your FIGS looks ready
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Short squeeze! 4025-4035 next target 
Ol Harry Wang just buying puts the whole way up. I don't know how technical that guy is sometimes. He's likely made more $ than I ever will in this game, so I guess I don't have room to talk.
If SPY touches 402, it will likely be a good spot to scalp a 400P. Choose wisely though.
Let me add, with enough time left for it to drop.
Let me add, with enough time left for it to drop.
Starting to scale into VIX calls three weeks out. 25C
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
gotta pop or drop here, which will it be?
4020's let's go!
premiums jumping on calls
4020's let's go!
premiums jumping on calls
I'm not in anything at the moment but i wouldn't be surprise for a little bit of a sell here.
With that being said I almost see a bull flag pattern so nothing would surprise me anymore.
With that being said I almost see a bull flag pattern so nothing would surprise me anymore.
Officially in on some sept 9 100's on XOM
about to rip I think, bulls loaded more shorts on that dip, haha!
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oldarmy1 said:
OKTA had me hopping early. I started buying premarket and into the open. I got my first puts but was down a little more than $18k the first 10 minutes. It lost long term support and I usually exit the trade but I figured it would really drop hard so I bought 200% of my position in puts. The largest were Friday expiring $68's. I sent a message out in the $59's and it bottomed in the $58's. I was still down $4100 but the stock moved to over $63 and I was in the green $800. I got my 50% covered calls and 100% puts in place there, so safe now.
If I had not bought shares and just traded the long term support break I would have been up $22k. Shorts pushed relentlessly, so you can count on a rubber band bounce generally within 10 days. Check to see if it drifts lower and that's when you can enter calls $5 out of the money and 45 days out for high odds bounce.
Any reason you would not expect crwd to behave the same way?
Not doing much.
I sold October 21 110C against Google shares for $5.9
I sold October 21 110C against Google shares for $5.9
You don’t trade for money, you trade for freedom.
Sold LABU Dec 10C for $2.20 against shares bought in the 8s.
You don’t trade for money, you trade for freedom.
Still have short calls in the following:
AMD January 110s. I'm going to buy those back when they dip under 2 and/or AMD starts to bid
OXY December 90C. Plan to keep through expiration. I doubt OXY gets there, but if it did, that's like 80% net gain so whatever
MARA December 30C. Going to hold until the bitter end.
AMD January 110s. I'm going to buy those back when they dip under 2 and/or AMD starts to bid
OXY December 90C. Plan to keep through expiration. I doubt OXY gets there, but if it did, that's like 80% net gain so whatever
MARA December 30C. Going to hold until the bitter end.
You don’t trade for money, you trade for freedom.
If it gets down to the 3990 range I might look into some SPY calls with a short stop loss. I'm happy with my profits today so everything will be cut tight right now.
Golf1 said:
If it gets down to the 3990 range I might look into some SPY calls with a short stop loss. I'm happy with my profits today so everything will be cut tight right now.
Well I didn't expect it to hit that fast… I'll be looking at when it hits my bottom channel from the picture I posted earlier.
pretty good timing so far on those covered call sales.
You don’t trade for money, you trade for freedom.
I sold a few minutes ago at 9.53 and only watched it tumble since. It's really volatile! So you still like it though?
quite the 45min nosdive to fill the overnight gap on SPX
The hell just happened?
The market is drunk
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I guess if you close enough industry there be enough NatGas to heat the homes of the unemployed..
Quote:
"World's Second-Largest Steelmaker Closes European Plant" article says... "The high gas and electricity costs are putting a heavy strain on competitiveness. On top of that, from October onwards, there will be the German government's planned gas levy, which will further burden us," ArcelorMittal Germany's CEO Reiner Blaschek said.
Blaschek called on politicians to urgently take action to "get energy prices under control immediately."
South Platte said:
I sold a few minutes ago at 9.53 and only watched it tumble since. It's really volatile! So you still like it though?
Like it for what? It's great to trade.
You don’t trade for money, you trade for freedom.
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