Wasn't $1.36 the next big resistance for WWR? Seems it hit that then came back a bit
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Last: 18 sec ago by Number Monkey
Wow. Wild moves
Sold a 3975/3960 put spread for $11.
Lotto obviously
Lotto obviously
What are the boards thoughts on JD for a >12 month hold from these levels?
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?
EDIT Re-read your 12 month scencario. Still would use cheap calls for your entry, to see if you get upside movement. You can still follow the sell 50% up $1 and then call out shares if above your strike into expiration.
Thanks for the reply, makes sense
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
Should have bounced by now. I'm assuming this will be a loss.
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.
I love doing this at these big volume days because either it will rebound well or fail. I don't want to be a bag holder long on failing stocks, so use a 50% covered call approach and use the premium from the covered calls to buy your put side protection on all 100% of a stock in a downtrend. If it keeps going down the premium on the calls will be earned into your account. The $42 puts mean you can't lose more than the small difference between premium call earned and cost of in the money puts.
If brave you can buy the shares here and wait to see if a rebound into last hour but the strategy DEMANDS you do not go into tomorrow without cover.
$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.
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.
Also on that put call strategey with shares, if big moving stocks then go 70% covered calls and still 100% put protection. Who cares about the potential called out shares. This approach gets you in the market with little to zero risk and lets you reap rewards or end with either a tiny profit or tiny loss.
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.
And bought SPY 390Ps. Hate rooting for a crash but if I have to watch the house burn I might as well roast some marshmallows.
$30,000 Millionaire said:
Should have bounced by now. I'm assuming this will be a loss.
Glad I'm not the only one in this boat.
Carioca Corredor
Joined:
Dec 16, 2012
Posts:
143
How long do you want to ignore this user?
I know I keep harping on the H&S pattern but Bear markets ALWAYS end with a crescendo. We might hold this H&S like last time and rally back upward. But don't be thinking long-term entries right now, absent a good strategy. It WILL eventually see new lows if it follows every bear market since the 70's. That's why these patterns are great to keep in your view.
And frankly we want that because otherwise we will become locked into a long-term sideways pattern that is much more difficult for retirement investors.
And frankly we want that because otherwise we will become locked into a long-term sideways pattern that is much more difficult for retirement investors.
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.
Whoa starting to get fast
Hope y'all printed $$$ on those VIX calls. I've taken most off with this push.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Can't increase my stops on these puts fast enough. Holy cow.Dan Scott said:
Whoa starting to get fast
Sickening that I gave up on a 398p from the first hour. Would have been a 25x or more.
SPY $393 lottos. Not willing to go $392
I love LADR as much as the next guy, but I'm sitting it out for a few quarters. I think their loans are generally well structured, but the secondary market for RE loans is drying up fast. They have some very large office loans and in the last few months we have started to see major players (blackrock, Lincoln, Hines, etc) default on office loans. LADR isn't lending to those guys. Their clients are a tier below.
LTV's are going to get squeezed tremendously at renewal time. If vacancies rise, LTV's shrink, and take out partners are limited…it could get ugly.
LTV's are going to get squeezed tremendously at renewal time. If vacancies rise, LTV's shrink, and take out partners are limited…it could get ugly.
Counted on the ol' bear hook close. Took the quick 80% and ran.oldarmy1 said:
SPY $393 lottos. Not willing to go $392
The 8/21 EMAs have resoundingly spoken.
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.
This WWR move has come on really low volume. 2 million shares? Last march we had mutli 15M share days. Let's see some of that.
Came all the way down to test that SPY breakout trend line. Pretty significant where we closed today.
There's some merit in your analysis. They've always done a great job of choosing the right clientele.
DREADED h day
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
WWR up and a down day…
Today is a day where it's good to be green or escape with paper cuts.
What a dang fakeout with the MACD on the 6th. Definition of bear trap?
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