(Re: BIG)

Like it jumped off a cliff. Glad I took profits last week

Anyone here in or following IOT?

Talon2DSO said:

---

(Re: BIG)

Like it jumped off a cliff. Glad I took profits last week

---

You mean I sold before it tanked?!

Lucky!

IWM - Getting intraday sell signals thought the daily has some room up. I still want to see $202 and would love $205 even more, but I won't rule out a large swing back down soon.

joekm3 said:

---

Anyone here in or following IOT?

---

Have not done a dive into the stock, but I'm a recent customer as we recently signed on with them doing a full rollout of their telematics/camera product for our entire fleet. We have been very impressed with their technology and consistently improving interface. The other companies in the RFP seems to be more dinosaurs when it came to the pure technology side of the business.

Upped my TNA stop to 37.75.

the volume in MARA is insane. and bitcoin right at the January high. Big battle here.

I just have 1/4 of MARA left, going to set stops higher.

great call Heineken!

Traveling for business. What happened to REE?

spud1910 said:

---

Traveling for business. What happened to REE?

---

wow, blast off. I missed the entry on that one, argh.

edit: I don't see any news, if that's what you're asking. see Heineken's post below

Remember on BTC, there will be a drop of some sort around the halving which is looking like April.

PATH - We're looking for gap fill $28.96 but I don't want it coming back under $25 before it happens.

ARM go babyyyyyyyy

Buying FLWS with stop $9.15. Not convinced it won't go lower, but low end 2024 target is $13.50. Very low risk with high reward on risk.

appreciate the insight and this was kind of what I feared. I will just stick to this thread and other means of education.

TxAG#2011 said:

---

ARM go babyyyyyyyy

---

Glad I held onto a couple of my 4/19 $80 calls, was debating whether to sell and take money last week or hold and take the shares in a couple months

$POWL continues to run after the huge earning beat a few weeks ago.

TNA going for 40...

(M!LF!)

bmoochie said:

---

TxAG#2011 said:

---

ARM go babyyyyyyyy

---

I bought a $120 on Friday for earnings drift. Sold at $10.60 and was happy....Until I logged back on and saw it explode to $35 for my contract. that hurts lol

---

I bought ARM stock in November (cost basis $54), and have layered on protective puts at $45, $55, and $95 along the way. I am debating adding more protective puts, because I don't want to sell the stock (via covered calls). Considering vertical call spreads, too. With the premiums so juiced, who has a good idea for me to manage downside risk?

I like it!

your thoughts on ARM and PLTR continuation? not chasing here, or if I do, play it very very small. more SMCI type moves? this is crazy!

With my work schedule and two young kids, seems like I'd miss out on a lot

Wow, well done! have you sold any yet? with a cost basis of $54, selling 1/3 at $162 would make you net free on the remaining 2/3.

What's causing REE to be up 11% on the day? I can't find any news.

Allo breaking out of 6 mo cup

Brewmaster said:

---

I like it!

your thoughts on ARM and PLTR continuation? not chasing here, or if I do, play it very very small. more SMCI type moves? this is crazy!

---

PLTR - Wouldn't be surprised if it was done and wouldn't be surprised if it continued. Gaps in the $26's and $27's with the upper most and a weekly gap at $31.34 dating back to 2021. I don't see it going much past that. Yet. And I'm actually hoping it sells off after a couple of these gaps close to set up the next leg of an even bigger move.

ARM - I haven't followed it. There's nothing on the chart to go on. I can't say I can provide any meaningful guidance. Would default to someone who understands the fundamentals better.

fightintxag13 said:

---

What's causing REE to be up 11% on the day? I can't find any news.

---

Stocks move all day every day. News is just your brain finding causality. Some news (earnings, financing, splits, huge industry breakthroughs) can move a stock, but most of it is just noise.

Great trade! my opinion and it depends on how many shares you have, but lets say you have 200 shares. With this explosion, premiums are definitely high and ripe to capitalize on it. I would do 1 CC on this example and use that money to enter your protective put. Then its essentially a risk free trade.

OA has mentioned that a lot so you can play with the strikes a little to find ways to still collect on premium cash. Then you still have the 100 shares that you didn't CC in place to ride a continuation move.

This is just an example of course so it really depends on your share count. The goal for the protective put is to cover all your shares which is why you need to play with the strike price a little to find a good spot for you to land. so if you had 500 shares, you do CCs on 300 of them and use that money to buy 5 put contracts.

fightintxag13 said:

---

What's causing REE to be up 11% on the day? I can't find any news.

---

Here's a press release from 2/8 that I'm showing as the most recent news on REE - https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240208:nGNEbThG6y&default-theme=true

The one thing I can tell from ARM, if you go back to my weekend reading on options 2 weeks ago. Gamma Squeeze. It happened.

There is no gamma left on any calls. If you are in calls, you get delta and theta decay only right now. When this ends, price likely reverses.