Heineken-Ashi said:

---

My SNOW target is min $250 and max $300. I am not in yet and will probably regret it. Want to see where this move up gets to it and then want to see it hold the earnings bottom.

---

Waiting for a tweet on Nancy Pelosi purchasing calls.

MARA $20-$24 is where I'm watching for re-entry.

MARA looking to fall below 25 here.

sts7049 said:

---

so, would it be crazy to buy put leaps on NVDA?

---

Good lawd, it takes balls to shoot at the king, you just better not miss.

ETA: That's STS walking around town.

Heineken-Ashi said:

---

My SNOW target is min $250 and max $300. I am not in yet and will probably regret it. Want to see where this move up gets to it and then want to see it hold the earnings bottom.

---

I bought SNOW after market close at the dip. Did not get the bottom but in at $177.

I bleed maroon said:

---

sts7049 said:

---

it just all looks like a giant bubble man. it has to pop eventually.

---

Have you considered a call spread? Write one near the money, and buy one way out of the money for insurance?

McInnis used to be our expert in these. Maybe he can work up an attractive alternative to consider...

---

if you lean that the direction is downward you would SELL a call spread that's ATM or OTM and take the sale value as your max potential profit.

If the trade moves against you your resolution is to buy the call spread back for more than you paid for it (loss).

You can also BUY a put spread in the direction you are predicting.

You sell spreads in a high IV market, you buy spreads in a low IV market.

Ok gang, if you get a minute today please look at this because it's great way to learn a powerful lesson in real time without feeling the crushing pain of a mistake.

Before you pull it up, imagine this was you yesterday going into SNOW's ER, with all the buys and high target prices from Wall Street firms. You own calls with strikes between $180-190 that you bought several weeks ago and you were up huge, but greed caused you gamble on the ER.

NOW pullup where they are now, how much they're down today, and they expire tomorrow.

That pit in your stomach and recoil from the screen, remember that feeling. It will help you in the future. I guarantee it.

ProgN said:

---

Ok gang, if you get a minute today please look at this because it's great way to learn a powerful lesson in real time without feeling the crushing pain of a mistake.

Before you pull it up, imagine this was you yesterday going into SNOW's ER, with all the buys and high target prices from Wall Street firms. You own calls with strikes between $180-190 that you bought several weeks ago and you were up huge, but greed caused you gamble on the ER.

NOW pullup where they are now, how much they're down today, and they expire tomorrow.

That pit in your stomach and recoil from the screen, remember that feeling. It will help you in the future. I guarantee it.

---

And here is the worst part. That feeling isn't really legit until it's happened to you.

McInnis 03 said:

---

I bleed maroon said:

---

sts7049 said:

---

it just all looks like a giant bubble man. it has to pop eventually.

---

Have you considered a call spread? Write one near the money, and buy one way out of the money for insurance?

McInnis used to be our expert in these. Maybe he can work up an attractive alternative to consider...

---

if you lean that the direction is downward you would SELL a call spread that's ATM or OTM and take the sale value as your max potential profit.

If the trade moves against you your resolution is to buy the call spread back for more than you paid for it (loss).

You can also BUY a put spread in the direction you are predicting.

You sell spreads in a high IV market, you buy spreads in a low IV market.

---

Quick illustrator:

Apple is in a low IV situation and sitting on support.

Let's say you believe it's going up.

You could buy next weeks 180-185 call spread for about $1.59, max value $5.00 if it gets above 185. (B/E if it's trading 181.59 next friday)

You could sell next weeks 180-175 put spread for about $1.65, max value $1.65 if it stays above 180. (B/E if it's trading $178.35 next fri)

HoustonAg_2009 said:

---

ProgDawg - You buy straight shares of SNOW?

---

Yes sir and I'll probably start writing weekly CC on it and collect premium weekly until it's called away or becomes net free.