You have s imilar volume spike on 10/24 that proved to be a reversal. I like it better when you have this volume and a reversal intraday. Not touching it for now. If I were to attempt to see if it reverses I'd grab the Mar 17 42.50 calls under $1 with a $0.75 stop and sell 75% if you get $2 and 25% go for the gold with a trailing 15% stop.ryanhnc10 said:
What are the boards thoughts on JD for a >12 month hold from these levels?
Let me tweet another approach I use in bear markets and paste it here.ryanhnc10 said:
Thanks for the reply, makes sense
Welp, if you liked LABU earlier this morning, you should love it for entry now.wanderer said:
You still flipping LABU? It's at the bottom of it's support (and yes I realize S/R doesn't mean much when you're talking leveraged ETFs)
.....and also.....PPG is at 130
oldarmy1 said:Let me tweet another approach I use in bear markets and paste it here.ryanhnc10 said:
Thanks for the reply, makes sense
$JD....Bear market keep it tight and secure trade. Buy 1000 shares. Enter FIVE Apr 21 $40 covered calls for $3.55. Net on the 5 CC's would be $43.55, if called out. Buy 10 $42 Mar $42 Puts for $2.
— Disciplined Trading (@oldarmy1) March 9, 2023
The 500 uncovered call side shares becomes your profit trade.
$JD....Bear market keep it tight and secure trade. Buy 1000 shares. Enter FIVE Apr 21 $40 covered calls for $3.55. Net on the 5 CC's would be $43.55, if called out. Buy 10 $42 Mar $42 Puts for $2.
— Disciplined Trading (@oldarmy1) March 9, 2023
The 500 uncovered call side shares becomes your profit trade.
Holder of LADR since 2018. Dropping below $10 is 2020/2021 era. Bought more then and will buy more under $10. The DIV has been solidoldarmy1 said:
Watch LADR REIT favorite for coming under the $10 level for entry. Dividend yield would be over 9% and you look to sell 50% over $12 each time. Been magical for long time and see nothing to disrupt that apple cart.
And the Dividend church said.....AMEN!Carioca Corredor said:Holder of LADR since 2018. Dropping below $10 is 2020/2021 era. Bought more then and will buy more under $10. The DIV has been solidoldarmy1 said:
Watch LADR REIT favorite for coming under the $10 level for entry. Dividend yield would be over 9% and you look to sell 50% over $12 each time. Been magical for long time and see nothing to disrupt that apple cart.
$30,000 Millionaire said:
Should have bounced by now. I'm assuming this will be a loss.
Keeping it simple $SPX chart. No indicators, just candles. The last H&S failed to breakdown and lead to a nice move upward. See the current repeat sideways movement. HOWEVER, note the quick descent of last 3 days. That is a higher % likely failure technical. Still nothing yet pic.twitter.com/kDiW7aHGYV
— Disciplined Trading (@oldarmy1) March 9, 2023
I just have some shares sitting in the 401k, dividend works for me!oldarmy1 said:And the Dividend church said.....AMEN!Carioca Corredor said:Holder of LADR since 2018. Dropping below $10 is 2020/2021 era. Bought more then and will buy more under $10. The DIV has been solidoldarmy1 said:
Watch LADR REIT favorite for coming under the $10 level for entry. Dividend yield would be over 9% and you look to sell 50% over $12 each time. Been magical for long time and see nothing to disrupt that apple cart.
Can't increase my stops on these puts fast enough. Holy cow.Dan Scott said:
Whoa starting to get fast
Counted on the ol' bear hook close. Took the quick 80% and ran.oldarmy1 said:
SPY $393 lottos. Not willing to go $392
I like to use cheap Friday expiring calls and then look to short shares on bounces into the money when you get big selloffs on a Thursday.irish pete ag06 said:
The 8/21 EMAs have resoundingly spoken.
I think it went without saying to followers, but March 9th was the classic day of the "Dreaded h" pattern. $SPX
— Disciplined Trading (@oldarmy1) March 9, 2023
And there's a nice big one ending the day to watch out for in the overnight into tomorrow. pic.twitter.com/XAAQuCNWiL