Sold a lot of ASAN on this push above $18. All of my core holdings are net free shares after the meteoric ride post IPO to over $140. As tweeted often it's my favorite long term SaaS stock and buying under $14 and selling above $18 has been golden while waiting.

It's earnings report is after the close and they beat last time for a move into mid $20's.....but since these are trading shares I sold them. I then am waiting for closer to close hoping they drop into the afternoon and before close I will enter April 14 naked puts $18 strikes for over $2. I either make the $2/share if they beat AND move upward or have those shares sold above $18 back under $16.

$17.92.....come to me my pretty! Make the plan perfect

Grabbed a couple of lotto spy 399 calls into power hour.

Golf1 said:

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Grabbed a couple of lotto spy 399 calls into power hour.

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If going around $2 away for under $0.10 I like to go spread on non-directional market days. You're likely to see a $1+ move that makes money one direction above the total $0.18 - $0.20.....thinking out loud

anddd we're doomed lol

AgEng06 said:

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LUMN buying opportunity

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no thanks

Heck, forget naked puts, I bought the shares back at $17.65 and will wait to see if pivots for a move up into last half hour to enter covered calls.

This is a weird zone. 3970C lotto could work IF we start to push up.

$30,000 Millionaire said:

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This is a weird zone. 3970C lotto could work IF we start to push up.

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These worked for 2X.

oldarmy1 said:

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Heck, forget naked puts, I bought the shares back at $17.65 and will wait to see if pivots for a move up into last half hour to enter covered calls.

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Entering covered calls out to Apr 14 here. Went April 21st $20 calls.

Golf1 said:

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Grabbed a couple of lotto spy 399 calls into power hour.

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You're way better than net free. Good job

Trying to get filled on Xsp 399s for 0.10

$30,000 Millionaire said:

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Trying to get filled on Xsp 399s for 0.10

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Did you get any? I assume you thought that was better than a gamble but i sure don't see how? The bull flag was just starting to form when you posted?

Fuggin great day for me. Of course i couldn't hang it up after this morning and ended up trading my way into free+ 398/399/400/401/402 supaflys (tm)

Missed my alert by 1 or 2 ticks on 5 bars lmao. Pain

$30,000 Millionaire said:

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Trying to get filled on Xsp 399s for 0.10

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They let me have 2. So I made $20. Woo hoo

I started a position in $U today (stock, not options) @ $29 and will be scaling into it around this level. I think it will print $50+ by the end of the year.

The momentum was up, i lotto sized on something that I thought could pay. It did but they didn't fill me. I was trying to get 50 contracts.

Slappy007 said:

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JuanDurfel said:

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perma Brew doomster said:

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does Bitcoin decoupling from S&P concern anyone? I mean trend wise, markets straight up today, bitcoin gap down.

and I know decoupling is the wrong term, I just mean trend. They are basically inverse now

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wouldn't think so; bitcoin might have done the same today... if it wasn't for the Silvergate Bank collapse.

https://www.cnbc.com/2023/03/03/bitcoin-ether-slide-on-friday-as-investors-weigh-potential-fallout-from-silvergate-woes.html

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Silvergate croaking will be the capitulation moment for crypto imo. $SI handled a large part of all crypto funding. Forced liquidation has been happening and will likely continue short term, i.e. the decoupling of btc to the equity mkt

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Getting closer. $SI announcing liquidating today will have ripple effects. I think we need one last big drawdown.

Silver gate is toast. Man, I wish I had ridden it to the bottom.

Gotcha. 50 would have been nice! $20 is $20 though right? Lol
I felt like the shenanigans with xsp were off the charts yesterday (i.e. the powers that be knew jpow was gonna burn it down), today they behaved themselves

No doubt.

$30,000 Millionaire said:

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ProgN said:

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I started a position in $U today (stock, not options) @ $29 and will be scaling into it around this level. I think it will print $50+ by the end of the year.

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It might. I'm skeptical about gaming tech though. It's sort of the red headed step child of the TMT industry. Zynga comes to mind.

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This is just for a trade, I'm not married to it. It hits $45 and I'll start to scale out of it. It has strong support in this $29 range. They also rejected an unsolicited buyout offer last fall for $55/shr so that tells me that they view their future as higher than that. That's why I'm buying shares and not gambling with options.

I have a request though. When you have time, please look at $SMCI. I'd really like your opinion because it seems like something you're very knowledgable about. I read an article a few weeks ago and it intrigued me so I've been passively watching it. It was trading at $77 then. I was waiting on the gap fill at $57 but it's just been too strong so it may not fill it.

TIA

They seem legitimate. The area they are focusing on is legitimate. It's getting the AI pump of course.

I will say that this is a very competitive space and the exit is them getting acquired by a big boy. Hardware is notoriously hard to differentiate and compete in. Could be good R/R.

I have had them try to sell to me but I've never taken the calls.

Thank you brother. I'm looking to trade it and will pick my entries.

oldarmy1 said:

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ASAN $21.85 moving strong

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Great call here!

ProgN said:

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Quote:

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Why Cassava Sciences Stock Is Surging After Hours
5:27 pm ET March 8, 2023 (Benzinga) Print
Cassava Sciences Inc (NASDAQ: SAVA) shares are rising in extended trading Wednesday in the wake of recent insider buying.

The Details: According to a new regulatory filing, director Richard Barry recently purchased a total of 88,841 shares of Cassava Sciences at prices ranging from $25.51 to $26.20 per share.

Barry bought about 11,500 shares on Monday for an average price of $26.13 per share and then bought an additional 77,276 shares for an average price of $25.76 per share on Tuesday.

Notably, HC Wainwright & Co analyst Vernon Bernardino reiterated Cassava with a Buy rating and a price target of $124 this week.

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/mybodyisready

I'm not saying it's confirmation of how stage 3 is going but it's a hell of statement him throwing his johnson on the table like that with his own money. You can bet your ass he wouldn't do that if the results, which he's privy to, were questionable.

ProgN said:

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I'm not saying it's confirmation of how stage 3 is going but it's a hell of statement him throwing his johnson on the table like that with his own money. You can bet your ass he wouldn't do that if the results, which he's privy to, were questionable.

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Agreed.