It has been down but had a pretty big jump this morning. I also read a note about possible sanctions against Rusal which would have a huge impact.
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Last: 10 min ago by EliteZags
topher06 said:
Can't speak to hops, but aluminum is way down over the past 6 months. I get it lags though, but doesn't seem any of the cost reductions are getting passed through in any industry.
To be clear...that's "owl-you-meen-ee-um" for our buddy here across the pond.
That's me with AAPL right now except mine were expiring October 7. Lost $1,000 and would be up right now. I always hate looking back at certain stocks if I would've stayed in.
Tried some trading while on a plane to Vegas this morning. Trading on my phone and was reading price only and not able to quickly follow candles. Was up almost $1400 at one point but settled to close up several hundred.
Oh well, with a break 360.50, will run it back.
Oh well, with a break 360.50, will run it back.
Even though this is bouncing I am not considering going long. I think I need to see 3680 clear first.
Oof on this.
Gambling in the market while on your way to the casino?BaylorSpineGuy said:
Tried some trading while on a plane to Vegas this morning. Trading on my phone and was reading price only and not able to quickly follow candles. Was up almost $1400 at one point but settled to close up several hundred.
Oh well, with a break 360.50, will run it back.
Doc is a wild man
If you ever follow Harry wangs trades, I would treat them as lottos and I would set a target exit at 100%
PLTR showing relative strength
PWestAg18 said:Gambling in the market while on your way to the casino?BaylorSpineGuy said:
Tried some trading while on a plane to Vegas this morning. Trading on my phone and was reading price only and not able to quickly follow candles. Was up almost $1400 at one point but settled to close up several hundred.
Oh well, with a break 360.50, will run it back.
Doc is a wild man
I'm not drinking on the plane tho! Lol
Yes... let's talk relative strength...
NFLX trading in the darvas box right below an 80 point gap, green on the day.
Man, I'd like to see this travel back down to the bottom of the box around 220 or at least re-touch the 50MA.
No position yet, on serious watch.
NFLX trading in the darvas box right below an 80 point gap, green on the day.
Man, I'd like to see this travel back down to the bottom of the box around 220 or at least re-touch the 50MA.
No position yet, on serious watch.
Posting here without comment but this is what capitulation tends to look like.
yeah curving hard downward, I'll add more 
looks like it's near support from way back in 1990/ 1991 looking at a weekly chart. Crazy!
looks like it's near support from way back in 1990/ 1991 looking at a weekly chart. Crazy!
RIG flashing back down below $2.50, I think we see $3 before November. Feels like a relatively safer knife catch than everything else out there.
LUMN won't go out of business. Demand is too high for what they do. I bought more here at 7.45.
I'm trying to get FJ to talk me out of selling a lot of December 7P
I'm trying to get FJ to talk me out of selling a lot of December 7P
In
Nice print for $LUMN Size: 166000 Price: 7.42 Amount: $1,231,720.00 Time: 1141
— TradeWithAlerts (@TradeWithAlerts) September 29, 2022
See more: https://t.co/vMilqXgPIL
Join https://t.co/JWvlYbdLod to get REAL TIME prints.
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$30,000 Millionaire said:
If you ever follow Harry wangs trades, I would treat them as lottos and I would set a target exit at 100%
Agreed. He missed big on his ones this morning so far
Is the Bank of England going to bail us out again today?
I muted him. I was too eager to copy trade him. So removed the temptation.
Paying off today.
Paying off today.
$30,000 Millionaire said:
Posting here without comment but this is what capitulation tends to look like.
Yep.
Followed by a slight retrace.
Then, the exact same downward pressure as in the chart. Could happen the next day. Could happen over a broader time period. Action is the same though.
irish pete ag06 said:
I muted him. I was too eager to copy trade him. So removed the temptation.
Paying off today.
Today was the first time I've ever copy traded him.
Of course it would be…
Would be careful here -- pretty ugly bear flag on SPX intraday
All these fools who got long just now.
Outside of cutting TQQQ... I bounce played a call for 10%. Other than that I'm following 30k's orders.
Intraday H&S. Follow through should take us back to morning lows. Curious if it holds this time….
Intraday H&S on spy/SPX (1min)
Edit: BSG beat me to it
Edit: BSG beat me to it
XYLD looking tasty for long term down here.
Avg mo distribution is ~.45/share.
Avg mo distribution is ~.45/share.
Questions on my AMD play using OA's method, although my option dates may have been too far apart.
9/23 bought AMD at $67
9/26 bought AMD 9/30 $67 puts on 100% for $1.50, sold 11/18 $75 calls on 50% for $3.35
Would anybody do anything different besides exercising the puts, with the pretty safe assumption it stays below $67 through tomorrow?
It's at -3 ATR and under 30 RSI, so it is tempting to sell the puts and hold because it's in a good position for a little bounce (theoretically), but those are about the metrics where I originally bought, except it was $3 higher.
If I exercise the puts, is my selling price $67, or $65.50, and thus a loss requiring me to wait 30 days to avoid the wash-sale rule if I wanted to purchase it lower again?
9/23 bought AMD at $67
9/26 bought AMD 9/30 $67 puts on 100% for $1.50, sold 11/18 $75 calls on 50% for $3.35
Would anybody do anything different besides exercising the puts, with the pretty safe assumption it stays below $67 through tomorrow?
It's at -3 ATR and under 30 RSI, so it is tempting to sell the puts and hold because it's in a good position for a little bounce (theoretically), but those are about the metrics where I originally bought, except it was $3 higher.
If I exercise the puts, is my selling price $67, or $65.50, and thus a loss requiring me to wait 30 days to avoid the wash-sale rule if I wanted to purchase it lower again?
You bringing up the covered call ETFs reminds me of this guy...
https://www.reddit.com/r/dividends/comments/nn0569/why_would_i_not_max_out_leverage_on_qyld/
Edit to say, that's not even the same thread I read a long time ago. That was just from a quick google search. The one I read a while back had done tons of math and didn't see how he would every be margin called.
I'm sayin the dude has been margin called at this point.
https://www.reddit.com/r/dividends/comments/nn0569/why_would_i_not_max_out_leverage_on_qyld/
Edit to say, that's not even the same thread I read a long time ago. That was just from a quick google search. The one I read a while back had done tons of math and didn't see how he would every be margin called.
I'm sayin the dude has been margin called at this point.
Yeah. Not on margin.
Bob Knights Paper Hands
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How long do you want to ignore this user?
Another option is to roll the puts down to $64 or $63 at the same expiry, maybe for all puts or maybe just for the puts covered by calls. Remember that if your puts exercise you'll have naked sold calls outstanding.
You could take the premium profits and hope it stays above your store or moves up. You could also look into buying back all or a portion of those calls if they've gotten cheap enough.
You could take the premium profits and hope it stays above your store or moves up. You could also look into buying back all or a portion of those calls if they've gotten cheap enough.
We could close below 3610 with a 35XX handle
200MA on SPY the weekly is around 358.
Watch for funny business around the 360.50-361 area. Been pretty tough place to break last few days. Imagine it's weak now but let's see.
Calls are right at $2 now, so not real close to breaking even on the whole play if I buy them back. I figured if I exercised the options, I could always buy the stock back later on under $75 if it moves up quickly and looks like the naked calls would have a good chance to be exercised.
By exercising the puts, I should break even at worst, so it seems like the safest, smartest play for capital preservation. If I had to buy back later on, I could look back into buying puts and selling calls on the other 50% so I'm 100% covered both directions.
Feels like in the current environment I should exercise and see what the market does in the next couple of weeks. This would be the first time I ever actually exercised an option if I do.
By exercising the puts, I should break even at worst, so it seems like the safest, smartest play for capital preservation. If I had to buy back later on, I could look back into buying puts and selling calls on the other 50% so I'm 100% covered both directions.
Feels like in the current environment I should exercise and see what the market does in the next couple of weeks. This would be the first time I ever actually exercised an option if I do.
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