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24,629,071 Views | 233271 Replies | Last: 4 min ago by Chef Elko
oldarmy1
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Howdy Trade Kings.

I have a final development meeting Friday and wanted to garner your input on structure. I just gave a real time tweet string play by play on the macro markets. I told them what to look for, when that confirmed, when it bottomed and started to reverse - all using SPY. For those who were in one of the seminars, you'll spot on the tweet below my pointing out the rapid escalation of selling pressure that typically leads to the flattening pattern for exiting any puts or shorts plus entering any longs. That confirmed spot on for a quick expiring call 63% gain, as the cherry on top.

Obviously, I'm not going to sit around giving real time play by play every hour of every day, or even every day. However, if we set the forum tab on the website to have a schedule of when I WOULD be doing what I'd call "live learning", then is that a major attraction for potential subscribers? Is there a threshold of days it would need to be, to be significant? Thanks in advance.

oldarmy1
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oldarmy1 said:

Howdy Trade Kings.

I have a final development meeting Friday and wanted to garner your input on structure. I just gave a real time tweet string play by play on the macro markets. I told them what to look for, when that confirmed, when it bottomed and started to reverse - all using SPY. For those who were in one of the seminars, you'll spot on the tweet below my pointing out the rapid escalation of selling pressure that typically leads to the flattening pattern for exiting any puts or shorts plus entering any longs. That confirmed spot on for a quick expiring call 63% gain, as the cherry on top.

Obviously, I'm not going to sit around giving real time play by play every hour of every day, or even every day. However, if we set the forum tab on the website to have a schedule of when I WOULD be doing what I'd call "live learning", then is that a major attraction for potential subscribers? Is there a threshold of days it would need to be, to be significant? Thanks in advance.


I guess it would help if I actually posted the tweet chart!


$30,000 Millionaire
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I did a 4145/4165 put credit spread for $17.30 in credit. This is a lotto play for me with profit on the day.
$30,000 Millionaire
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M4 Benelli said:

Legged Into LUMN, hit as low as 3.74 today on multiple downgrades. This company has intrinsic value with the Level 3 fiber portion of the company. Dividend has been done away with, but they announced buybacks and debt tackling. Maybe theyll get swallowed up by a tech giant? Doubt they go under despite the ineptitude.

Keep an eye on it friends.


They are too cheap not to be purchased in my opinion.
gougler08
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$30,000 Millionaire said:

M4 Benelli said:

Legged Into LUMN, hit as low as 3.74 today on multiple downgrades. This company has intrinsic value with the Level 3 fiber portion of the company. Dividend has been done away with, but they announced buybacks and debt tackling. Maybe theyll get swallowed up by a tech giant? Doubt they go under despite the ineptitude.

Keep an eye on it friends.


They are too cheap not to be purchased in my opinion.
Is this something to start to leg in to and then hope for buyout? I keep telling myself to focus on bigger cap stuff only but then I see charts like this and want to dive in...
$30,000 Millionaire
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Put credit spread is in profit.

Don't let it go red.
$30,000 Millionaire
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Minimal downside risk in my opinion.
$30,000 Millionaire
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Doing 4150/4165/4180 butterfly with profits
$30,000 Millionaire
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I'm setting a conservative target of $6 on that.
$30,000 Millionaire
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I think we are going back to 4150 on SPX today
$30,000 Millionaire
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Crap it's 12:20. Need to decide what's for lunch.
$30,000 Millionaire
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spud1910 said:

bmoochie said:

$30,000 Millionaire said:

Doesn't bother me, but I also don't have to post here. I took an 8 year hiatus before


Please don't stop posting because of one loser. You have taught me and I know a lot of others about how to try and trade and better ourselves. All for free and it's much appreciated
Same here. I enjoy your posts and have learned a lot.


Thank you guys and I'm not going anywhere. Reminds me of the people who say Dak Prescott is a bad QB. Let's see you go throw the ball.
Charlie Conway
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$30,000 Millionaire said:

spud1910 said:

bmoochie said:

$30,000 Millionaire said:

Doesn't bother me, but I also don't have to post here. I took an 8 year hiatus before


Please don't stop posting because of one loser. You have taught me and I know a lot of others about how to try and trade and better ourselves. All for free and it's much appreciated
Same here. I enjoy your posts and have learned a lot.


Thank you guys and I'm not going anywhere. Reminds me of the people who say Dak Prescott is a bad QB. Let's see you go throw the ball.
whoa....... Dak Prescott IS a bad qb
$30,000 Millionaire
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XSP 413s should hit 1.60 or higher
$30,000 Millionaire
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Exactly my point. Compared to who.
EnronAg
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what exactly do you see in the charts that makes you sell an ITM PCS like that vs. buying calls or call spreads?
insulator_king
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M4 Benelli said:

Legged Into LUMN, hit as low as 3.74 today on multiple downgrades. This company has intrinsic value with the Level 3 fiber portion of the company. Dividend has been done away with, but they announced buybacks and debt tackling. Maybe theyll get swallowed up by a tech giant? Doubt they go under despite the ineptitude.

Keep an eye on it friends.
I was noticing this as well last night & this morning. Added some shares to my IRA & HSA.

Why, I even thought about selling 4 of my $WWR shares to get 1 of $LUMN! OK, 40 shares to get 10.
oldarmy1
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Buy Jan '25 $7 calls on LUMN. Cost you $57 to leverage 100 shares. If you think it gets bought out or recovers this is the way to go.
Golf1
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There just doesn't seem to be any buying pressure from the bulls today.


Looks like Biden is speaking on the economy at 1:00. Expect any fireworks in the market to happen during that?
bhanacik
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thanks for pointing that out - seems like a good RR

(the LUMN '25 calls)
$30,000 Millionaire
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Fed speakers killing us.
$30,000 Millionaire
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EnronAg said:

what exactly do you see in the charts that makes you sell an ITM PCS like that vs. buying calls or call spreads?


Level 2 went bid and I think about where there will be sellers if price begins to rotate. The PCS has the best risk to reward.

I took 3/4 off when it returned 100% and rolled some to the butterfly which I still have.
You don’t trade for money, you trade for freedom.
Triple_Bagger
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oldarmy1 said:

Buy Jan '25 $7 calls on LUMN. Cost you $57 to leverage 100 shares. If you think it gets bought out or recovers this is the way to go.
I'm in on these @0.55
oldarmy1
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Triple_Bagger said:

oldarmy1 said:

Buy Jan '25 $7 calls on LUMN. Cost you $57 to leverage 100 shares. If you think it gets bought out or recovers this is the way to go.
I'm in on these
I'm in with you, along with some $10's. I set a GTC sell of 50% at double entry and just forget about them until/unless an alert goes off. Main reason for the alert is if some crazed move occurs during extended session, that I might want to short against calls to lock big gains. Remember AMC!
$30,000 Millionaire
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Lumen is mispriced. Dish should buy them but they're too stupid to do that. By they I mean Charlie Ergen.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Pretty sure I've cleared 5K today at this point on base hits. Not too bad on a chop day
You don’t trade for money, you trade for freedom.
SoTXAg09
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That Model T…
oldarmy1
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SoTXAg09 said:

That Model T…

It's been nails all dang day!
sts7049
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the LUMN monthly chart has been in a downtrend for over 5 years. why is now the time to get in?
FTAG 2000
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$30K and oldarmy with us today.

If FJ and McInnis show up we riot.
oldarmy1
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FTAG 2000 said:

$30K and oldarmy with us today.

If FJ and McInnis show up we riot.
BaylorSpineGuy
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FTAG 2000 said:

$30K and oldarmy with us today.

If FJ and McInnis show up we riot.


Has Prog jumped ship too? Haven't seen him a few days. Need a well check on him!
Heineken-Ashi
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BaylorSpineGuy said:

FTAG 2000 said:

$30K and oldarmy with us today.

If FJ and McInnis show up we riot.


Has Prog jumped ship too? Haven't seen him a few days. Need a well check on him!
This might get him

"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
$30,000 Millionaire
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i wonder if Prog is in ban camp?
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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kind of hard to tell what happens from here. trading at low of day, but that was supported earlier and is being supported for the moment. bears trying pretty hard to sell today.
You don’t trade for money, you trade for freedom.
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