Danwell Home said:
Anyone watching IEP after the Hindenburg report? Inflated NAV and unsustainable dividend rate was noted in the report. Taking big swings at Carl Icahn with the report.
yea, I wouldn't want to mess with that.$30,000 Millionaire said:Danwell Home said:
Anyone watching IEP after the Hindenburg report? Inflated NAV and unsustainable dividend rate was noted in the report. Taking big swings at Carl Icahn with the report.
Will retrace but don't want to get in on something like that
Have been looking and can't find anything, but something is up.gougler08 said:
ACGN went to the moon all of a sudden on huge volumes, any news?
Charismatic Megafauna said:
Fsly flushing. Leak or shakeout?
It certainly is!$30,000 Millionaire said:
It's okay to do nothing guys.
These would reflect premiums a day or even two out but with 3 hours left the premiums are lit! $0.70+ for expiring $315 calls. 😂
— Disciplined Trading (@oldarmy1) May 3, 2023
Talk about Lotto trading! pic.twitter.com/NKowWdAPKW
Whoever had the dead center of the recent ranges into the Fed meeting on their Bingo Card raise your hand.
— Disciplined Trading (@oldarmy1) May 3, 2023
#SoPredictable
👋 pic.twitter.com/dQlKWkonja
$30,000 Millionaire said:
Don't know. You're dealing with IV crush and theta. Bad combo man.
Nice to see you again Foggy, I hope all is well with you.Mostly Foggy Recollection said:$30,000 Millionaire said:
Don't know. You're dealing with IV crush and theta. Bad combo man.
Hey bud. So are you doing this full time now or still managing the corporate world alongside?
As for FOMC, I wouldn't play it. I don't do much in equities (or really the dollar) anymore, but what little I have played, I did take a SPY 415 call yesterday and ran it for a 60% gain this morning. That's how you play these choppy, government backed markets.
Only trading positions for FED I have is May 8 $420 25% of the total June $380 SPY Puts. So if I have 100 June Puts I have 25 May 8 SPY $420 calls. Bought those calls yesterday once the pivot confirmed off lows.topher06 said:
Anyone playing the announcement?
Current $SPX look. Channel reset at new supports after the tighter uptrend channel broke. We have a lone up & down gap waiting to be filled. If the upper one gets filled first, I'll bet a steak dinner the lower gets filled soon after. Longer the other way. Gaps always get filled! pic.twitter.com/d0wS0wGm8i
— Disciplined Trading (@oldarmy1) May 3, 2023
JUST IN: FED RASIES 25 BPS TO 5%-5.25% TARGET RANGE
— Cheddar Flow (@CheddarFlow) May 3, 2023
🚨🚨 Fed Raises Rates 25 bps to 5% to 5.25%
— Ripster (@ripster47) May 3, 2023
FED OMITS PRIOR LANGUAGE THAT SIGNALED MORE HIKES AHEAD
yup. The first 1 minute candle is always fascinating and a site to see.topher06 said:
IV crush got anyone playing so far, good call on the sit this one out.
I've been putting more in to my 4.2% yield savings account over last couple of months, I'll take that return on a relatively large chunk of capital for me at this point instead of leaving it sidelinedSF2004 said:
If fed signals pause then blow off top might be possible.
Once paused however their will be a dash to the exits as people lock in T-Bills at peak rates. Why have funds in a volatile market when you can get 5.5% at much lower risk.
May not seem like a lot but with millions/billions it is real dollars with a good return at low risk.
topher06 said:
Exxon, of course, found a way to go down as a result of the news. Maybe this is just cycling out of energy.