Does it require margin?
irish pete ag06 said:
I will probably find a way to screw this up, but man... buying and selling TQQQ and SQQQ based on the 8/21 daily EMA cross looks like a great way to swing trade. I've been doing some manual back testing. I think I am about to start doing this.
I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
Txducker said:I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. I like how the $0.03/call has such a low risk of losing a significant amount of money versus the potential profit. The risk reward ratio is very favorable. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
Txducker said:Txducker said:I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. I like how the $0.03/call has such a low risk of losing a significant amount of money versus the potential profit. The risk reward ratio is very favorable. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
BaylorSpineGuy said:Txducker said:Txducker said:I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. I like how the $0.03/call has such a low risk of losing a significant amount of money versus the potential profit. The risk reward ratio is very favorable. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
That's why OA only bought 600 contracts. ;-).
I haven't done any in depth research to confirm if "checks" are really going to be mailed out yet, but this is horrible. They won't paydown their debt, they'll spend it and inflationary pressure will be massive. Some estimates are the cost to be between 600B - 1T. That amount of stimulus unleashed on the economy will drive inflation through the stratosphere.Quote:
President Joe Biden has predicted that checks could be sent to those who applied for his student loan debt forgiveness program within "two weeks," despite the program being tied up in court.
The president's program, which forgives up to $20,000 in outstanding debt for borrowers making $125,000 or less per year, was temporarily frozen following a Republican-led legal challenge last week. Applications for the program opened on October 15, with 22 million out of around 44 million eligible Americans applying during the first week.
When asked about the freeze during a NewsNation interview on Thursday, Biden said his administration would win the court case and that the program would soon resume.
Look for Fed in coming YEARS to suggest that the long standing 2% "normal" inflation target should be "realisticaly set in the 5% to 10% range" https://t.co/VnMW2ZtAT2
— Cem Karsan 🥐 (@jam_croissant) October 29, 2022
irish pete ag06 said:
We won't see 2% inflation again this decade.Look for Fed in coming YEARS to suggest that the long standing 2% "normal" inflation target should be "realisticaly set in the 5% to 10% range" https://t.co/VnMW2ZtAT2
— Cem Karsan 🥐 (@jam_croissant) October 29, 2022
I agree with Cem on this one. The Fed can do everything they want to "curb" inflation but fiscal policy will continue to win in the long run.
As someone posted in the comments below... this is how you also artificially inflate GDP numbers.
oldarmy1 said:
You control the option. I called out the shares only after getting the move up allowing me to short it. If the market had remained flat or just above the $189 strike I just cancel the assignment.
That said, you do have to have the funds available for the shares being traded/shorted.
oldarmy1 said:BaylorSpineGuy said:Txducker said:Txducker said:I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. I like how the $0.03/call has such a low risk of losing a significant amount of money versus the potential profit. The risk reward ratio is very favorable. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
That's why OA only bought 600 contracts. ;-).
I bought 20, but I like that thinking!
$30,000 Millionaire said:oldarmy1 said:BaylorSpineGuy said:Txducker said:Txducker said:I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. I like how the $0.03/call has such a low risk of losing a significant amount of money versus the potential profit. The risk reward ratio is very favorable. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
That's why OA only bought 600 contracts. ;-).
I bought 20, but I like that thinking!
That would be $23M in margin! And you'd have to short 60,000 shares AH. It would take you 3 orders to do it and balls of steel.
Hey man... if you owe the bank $23,000 that's your problem$30,000 Millionaire said:oldarmy1 said:BaylorSpineGuy said:Txducker said:Txducker said:I always wondered why options are bought in the last hour of trading besides closing sold positions. I now learned a new strategy. I like how the $0.03/call has such a low risk of losing a significant amount of money versus the potential profit. The risk reward ratio is very favorable. Thanks for sharing.oldarmy1 said:
One of my rare strategies paid off nice. Bought the expiring $389 Spy calls for $0.03 thinking we get some follow on buying after hours. I shorted at $390.25 just now for $1.25 gain so I call out the shares at $389 to close the trade.
Always an angle!
That's why OA only bought 600 contracts. ;-).
I bought 20, but I like that thinking!
That would be $23M in margin! And you'd have to short 60,000 shares AH. It would take you 3 orders to do it and balls of steel.
ProgN said:
https://www.newsweek.com/student-loan-debt-relief-checks-could-mailed-two-weeks-biden-says-1755288?amp=1I haven't done any in depth research to confirm if "checks" are really going to be mailed out yet, but this is horrible. They won't paydown their debt, they'll spend it and inflationary pressure will be massive. Some estimates are the cost to be between 600B - 1T. That amount of stimulus unleashed on the economy will drive inflation through the stratosphere.Quote:
President Joe Biden has predicted that checks could be sent to those who applied for his student loan debt forgiveness program within "two weeks," despite the program being tied up in court.
The president's program, which forgives up to $20,000 in outstanding debt for borrowers making $125,000 or less per year, was temporarily frozen following a Republican-led legal challenge last week. Applications for the program opened on October 15, with 22 million out of around 44 million eligible Americans applying during the first week.
When asked about the freeze during a NewsNation interview on Thursday, Biden said his administration would win the court case and that the program would soon resume.
Most new traders (me included starting) are trying to do far too much: Combining macro analysis with news & multiple technical indicators to get nowhere. Less is more: 1 or 2 patterns, mastered to a high level & repeated, with blinders on to the rest all that's needed for growth
— Adam Mancini (@AdamMancini4) October 30, 2022
bmoochie said:
What's the reasoning?? I'm not a heavy hitter by no stretch but 12% is a ton in one week.
$30,000 Millionaire said:
All the respect in the world to that guy. I would also gladly be on the other side of that trade. 12% in a week is intense and just generally doesn't happen.
Last week, 3925-30 was my target in #ES_F and we hit and pulled back for some needed cool-off before continuation. This week is all about FOMC
— Adam Mancini (@AdamMancini4) October 31, 2022
Plan today: Cool-off ideal. 3875-80, 3855 supports. Bulls need > 3900 to restart the leg to 3925, 3955-65. 3855 fails, we sell to 3820 https://t.co/8Gaglqy1oh