U opened at $36.46 yesterday and closed at $37.78. Is $36.50 stop realistic. I'm learning so just trying to understand.
Stock Markets
24,737,895 Views |
233445 Replies |
Last: 44 min ago by BucketofBalls99
Looking at the ATR should give you some insight into how low to set the stop loss along with support lines.
Agreed about cutting losses quickly on options, disagree about 25% or whatever number you pick, that is a meaningless number, only meaningful to you and not the market. You need to set your stop above/below support/resistance, if your stop is too far from that, don't take the trade.Red Pear Luke (BCS) said:
Best thing I would say on options….
Be ok with losing all the money you spent on it and know that going in. But also know that capital preservation is key to options.
Don't be afraid to cut losses quickly at certain defined amounts (i.e 25% loss, etc).
Do not get greedy. Take the profit when it runs. It can quickly go sideways in the matter of minutes.
I seriously never drop more than $500 on options unless it's a leap on a long term position I want. AMD is probably one of the ones I'd classify that with. But give yourself enough time to let it work.
Zero point trading options and having a set stop amount. If you have a certain amount you want to risk, you need to wait for trades to give you the proper setup where you only have to risk the amount you are comfortable with.
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,197
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
lobwedgephil said:Agreed about cutting losses quickly on options, disagree about 25% or whatever number you pick, that is a meaningless number, only meaningful to you and not the market. You need to set your stop above/below support/resistance, if your stop is too far from that, don't take the trade.Red Pear Luke (BCS) said:
Best thing I would say on options….
Be ok with losing all the money you spent on it and know that going in. But also know that capital preservation is key to options.
Don't be afraid to cut losses quickly at certain defined amounts (i.e 25% loss, etc).
Do not get greedy. Take the profit when it runs. It can quickly go sideways in the matter of minutes.
I seriously never drop more than $500 on options unless it's a leap on a long term position I want. AMD is probably one of the ones I'd classify that with. But give yourself enough time to let it work.
Zero point trading options and having a set stop amount. If you have a certain amount you want to risk, you need to wait for trades to give you the proper setup where you only have to risk the amount you are comfortable with.
I was referencing the 25% as a self established threshold but I agree. You need to learn to calculate the intrinsic value of options and the time value to work through where you are comfortable.
$36.15 sorry. Recent low, or just below it.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
bmoochie said:
I believe BA is ripe to short when they music stops. It's on an absolute tear since late October. It's pushing up against resistance now, one more level to $259 and change. If we get in the mid $250s I am looking 2-3 months out at $210 puts.
Man i followed you on this and am about to miss out bigtime. On 12/15 i got 3/15 220p for 1.8 and took profits 12/22 and 1/2 for 2.25 and 2.2.
Those babies are going to bank tomorrow
I sold for Profit also on Wednesday. Thought about holding one netfree but wanted to start the year good and book a solid win. I am curious to see how it will open, may still get a chance to enter.Charismatic Megafauna said:bmoochie said:
I believe BA is ripe to short when they music stops. It's on an absolute tear since late October. It's pushing up against resistance now, one more level to $259 and change. If we get in the mid $250s I am looking 2-3 months out at $210 puts.
Man i followed you on this and am about to miss out bigtime. On 12/15 i got 3/15 220p for 1.8 and took profits 12/22 and 1/2 for 2.25 and 2.2.
Those babies are going to bank tomorrow
A few plays I'm looking at:
AIT: In an upward channel and nearly a line of consistent support. SMA50 has been an area of support well. May soon be in a position for a reversal.
APP Nearing the low end of the channel. Zooming out to the weekly looks like like consolidation to me. More room for upside if it breaks through.
SA:Nearing the low end of the channel.
NEON: If you are a real degenerate, then NEON might be a good one to throw a small amount torwards. Very volatile with lots of gaps above it. Looks like it's in a consolidation phase to me. Alternatively, I've looked at their financials and they have tanked for a reason. That said a 5x increase in stock price has happened several timea already with this thing when looking at the weeklies:
EDIT:
UTRS: Am I seeing this right? It's currently has a short % of float of 92% !? Isn't that extraordinarily high?
AIT: In an upward channel and nearly a line of consistent support. SMA50 has been an area of support well. May soon be in a position for a reversal.
APP Nearing the low end of the channel. Zooming out to the weekly looks like like consolidation to me. More room for upside if it breaks through.
SA:Nearing the low end of the channel.
NEON: If you are a real degenerate, then NEON might be a good one to throw a small amount torwards. Very volatile with lots of gaps above it. Looks like it's in a consolidation phase to me. Alternatively, I've looked at their financials and they have tanked for a reason. That said a 5x increase in stock price has happened several timea already with this thing when looking at the weeklies:
EDIT:
UTRS: Am I seeing this right? It's currently has a short % of float of 92% !? Isn't that extraordinarily high?
Nope. Bye bye Boeing
Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Draw channel on recent lows and highs. Looks like it's coming down to $200 or less.cryption said:Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
UNFI below $15.
UNFI just getting beat down at the open.
SMCI with a giant pop up 5%
SMCI with a giant pop up 5%
Think I'll enter UNFI and WHD today on these drops, my stops will mirror what Heineken has in his posts
Heineken-Ashi said:Draw channel on recent lows and highs. Looks like it's coming down to $200 or less.cryption said:Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Seems like a good buying opportunity before govt money comes flooding in or something to prop it back up. Congress won't take a loss on their shares
Coming into the low risk buy zone.El_duderino said:
UNFI just getting beat down at the open.
SMCI with a giant pop up 5%
I'm attempting to sell $15 Feb puts for $0.90 which is either 6% return on risk or I get my shares just above the stop.
You mean like the $1.5T spending bill they just passed?cryption said:Heineken-Ashi said:Draw channel on recent lows and highs. Looks like it's coming down to $200 or less.cryption said:Perhaps a good buying opportunity in the near future? Lots of politicians are holding BA stock - it won't stay down.bmoochie said:
Nope. Bye bye Boeing
Seems like a good buying opportunity before govt money comes flooding in or something to prop it back up. Congress won't take a loss on their shares
I'm actually wondering if WHD might try to gap fill the mid $37's. It filled it quickly in June intraday but daily candles still has it open. If oil is coming lower as I've been expecting, it's not out of the realm of possibility. I'm going to wait a bit and see what happens over the coming 1-2 weeks. Today gapped down with the 8 EMA crossing below the 34 which is never a good sign for anything.
WHD is driven by natural gas prices right?
Oil and gas. Pressure control for wellheads and pipe transportPhilip J Fry said:
WHD is driven by natural gas prices right?
I went ahead and sold a NOV Jan $20 put for $.55 this morning hoping to get an entry there at net $19.45 or collect my premium and continue waiting for another entry.
Yeah I took a little more risk at a higher zone. Risk/reward is worth it though in my eyes.
Looks like AMD announced desktop AI processors this morning which explains the pop.
Looks like AMD announced desktop AI processors this morning which explains the pop.
If XOP breaks below the recent bottom, I'll be watching the low to mid $120's for a buy with target $180-$220 over the next year or so. Like many Oil charts, it's potentially flagging with the rising lower end of the channel coming in at that range.
I think I might need to do a deeper dive into the energy sector. So many charts looking promising for the future with entries getting closer and closer. Would be wise to identify the highest potentials.
I think I might need to do a deeper dive into the energy sector. So many charts looking promising for the future with entries getting closer and closer. Would be wise to identify the highest potentials.
Would love to see this.
U has bounced nicely from its slight red opening. I was able to grab some shares at $37.50 this morning and I went full size position because it was so close to the stop level.
Thanks for all the recs posted here Heineken!!
Thanks for all the recs posted here Heineken!!
Entered in WHD and copied Heineken's idea about selling puts on UNFI
Went 1/2 position on U at $37.72. Holding for now.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
bmoochie said:I sold for Profit also on Wednesday. Thought about holding one netfree but wanted to start the year good and book a solid win. I am curious to see how it will open, may still get a chance to enter.Charismatic Megafauna said:bmoochie said:
I believe BA is ripe to short when they music stops. It's on an absolute tear since late October. It's pushing up against resistance now, one more level to $259 and change. If we get in the mid $250s I am looking 2-3 months out at $210 puts.
Man i followed you on this and am about to miss out bigtime. On 12/15 i got 3/15 220p for 1.8 and took profits 12/22 and 1/2 for 2.25 and 2.2.
Those babies are going to bank tomorrow
$21. Ouch.
yup. Major kick in the nuts there! would have been a monster start to the year.
Should have jumped harder at SMCI. Clearly, it was showing signs of reversal
alright folks, call your shot...when does S&P hit ATH?
I'm saying CPI day this Thursday...it will come in 0.1 cooler than whisper, just like it has almost every time this year...and market goes nuts to new ATH...
I'm saying CPI day this Thursday...it will come in 0.1 cooler than whisper, just like it has almost every time this year...and market goes nuts to new ATH...
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
November
Still in the box/channel so you may get a chance to re-enter againPhilip J Fry said:
Should have jumped harder at SMCI. Clearly, it was showing signs of reversal
Charismatic Megafauna said:
November
perhaps Nov 5th? just a random date to pick out of the air?
my theory is that is when the rug is pulled...if SPX is above 5,200 come November like Tom Lee and the bulls are touting, I will load up on SQQQ at what will be pennies by then...the market will break just like Dems break everything at the beginning of their 4 year terms...then they slowly build it back up over 4 years and say "see what we did fixing everything"...R's ain't winning this election...D's sweep, then market crashes...Charismatic Megafauna said:
November
Featured Stories
See All
Ags host Buckeyes with an early-season Quad 1 opportunity at stake
by Olin Buchanan
Players to Watch: No. 15 Texas A&M vs. New Mexico State
by Olin Buchanan
8:22
10h ago
1.5k
34:11
4h ago
572
Reed Report: Preparing for Friday's marquee showdown vs. Ohio State
by Luke Evangelist
Bid on Legacy Club tickets to Saturday's Texas A&M vs. NMSU game!
by Texas Aggies United
ConfidentAg
Michigan to Offer 5 Star LSU QB Commit 8 Figure Deal
in Billy Liucci's TexAgs Premium
203
ElkoSZN
Instead of scheduling tough non-conference games like ND...
in Billy Liucci's TexAgs Premium
86