If we get OXY $62 I'm jumping out of the expiring calls as they will likely be 2x+. But I'm not exiting for less than $0.40 which is B/E for me.

Heineken-Ashi said:

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ravingfans said:

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anybody still in on the OXY March1 $61 calls?

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Need a big day. Probably should have kicked these out to Mar 15.

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last price I saw in Etrade is $.50 as OXY starts to move up.

IBKR is showing $.38 on 30 sec candles. Is there a delay somehow between the two platforms?

Heineken-Ashi said:

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If we get OXY $62 I'm jumping out of the expiring calls as they will likely be 2x+. But I'm not exiting for less than $0.40 which is B/E for me.

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I set a conditional stop at $62 with a limit of $1.75 for the call in case I'm in a meeting

Brew i know you like megaphones. You see the one I'm looking at on spy that could take us to 516 in short order?

Here we go OXY. Keep going.

Jumped out of OXY expiring calls at $0.52 for a 30% return. I still think it can finish the day higher, but I won't be able to pay attention much longer and didn't want to risk it.

Russell 2000 breaking through the channel it's been in since April 2022. A lot of room upwards from here.

Gonna be real interesting to see if it starts a real rally like the rest of the market has been in, as the breadth continues to widen.

For now I have a $40 stop on half my TNA shares and gonna hold the rest and continue to buy the dip back down to $35.

intraday? yeah nothing would surprise me any more. Although we're basically right back at resistance on the daily (that big channel going back to 2022). Bottom of that channel is 470 ish.

Hundred percent true. I think there are reports of big institutional investors moving to mining/out of stocks too.

M4 Benelli said:

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M4 Benelli said:

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Everyone keep an eye on AEHR. 52 wk low, circling the drain. This thing rockets off good news, with a high over 50. Can easily see it hit the median in short order off decent news. Everything is frothy, so it would be a set and forget, toe in the water entry. With that being said they offer a unique business that has been expanding. Fwiw

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Big day on no news, grab your rocket packs.

Heini mind doing your thing with this ticker?

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Looks like AEHR shipped to Intel who makes photonic wafers (lasers on silicon).

The fact its not a new customer makes this relatively insignificant, but its a good reminder that AEHR and wafer level burn in isn't just for SiC or GaN. As photonics get more use globally (going to be a big thing in AI data centers in the future) more burning in going to happen. This bodes well for AEHR and their niche business model.


Up 10 percent on the day. If history repeats itself this one can easily take us to Valhalla.

Lfg
Riding a couple xsp calls since the opening dip, planning to trim at spy 514.5 if we get there

Heineken-Ashi said:

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Energy popping. Metals popping. Equities making new ATH's every week.

Just letting yall know, if metals and energy continue, those are big signs of a potential reversal in equities. I'd start trailing up stops and at least consider what your risk management strategy is on all positions.

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Fear and Greed indcator has entered Extreme Greed territory, at 77 at the moment.

Heineken do you have any metals plays in mind? I remember FSM and GOLD, both are near 18 month or so lows, but lots of buyers today.

sts7049 said:

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

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how much are your puts worth?

Spirit aerosystems might get bought by Boeing. Up 14 or so percent. $SPR

https://www.cnbc.com/2024/03/01/spirit-aerosystems-boeing.html

I would expect this not to be announced today and it will probably drop some I'd guess this afternoon/Monday. It makes sense though.

nortex97 said:

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Spirit aerosystems might get bought by Boeing. Up 14 or so percent. $SPR

https://www.cnbc.com/2024/03/01/spirit-aerosystems-boeing.html

I would expect this not to be announced today and it will probably drop some I'd guess this afternoon/Monday. It makes sense though.

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Probably good for Spirit, but bad for Boeing? Spirit was the Boeing spinoff that made the plug that blew out a month or so ago.

Should we short Boeing and buy calls on Spirit?

anyone here have a way to see darkpool buys?

on MARA at 10:23 am today I see 10.5M shares traded, I can't tell if it's a buy or a sell though.

we blow thru the lower channel line in mid to late Nov

ravingfans said:

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nortex97 said:

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Spirit aerosystems might get bought by Boeing. Up 14 or so percent. $SPR

https://www.cnbc.com/2024/03/01/spirit-aerosystems-boeing.html

I would expect this not to be announced today and it will probably drop some I'd guess this afternoon/Monday. It makes sense though.

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Probably good for Spirit, but bad for Boeing? Spirit was the Boeing spinoff that made the plug that blew out a month or so ago.

Should we short Boeing and buy calls on Spirit?

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I dunno. Spirit is a big outfit, and airbus' largest structures supplier too. It could move the needle on spirit quickly if it does happen is all, imho. Just keeping my eye on it. Spirit has problems too, fwiw.

nortex97 said:

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ravingfans said:

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nortex97 said:

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Spirit aerosystems might get bought by Boeing. Up 14 or so percent. $SPR

https://www.cnbc.com/2024/03/01/spirit-aerosystems-boeing.html

I would expect this not to be announced today and it will probably drop some I'd guess this afternoon/Monday. It makes sense though.

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Probably good for Spirit, but bad for Boeing? Spirit was the Boeing spinoff that made the plug that blew out a month or so ago.

Should we short Boeing and buy calls on Spirit?

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I dunno. Spirit is a big outfit, and airbus' largest structures supplier too. It could move the needle on spirit quickly if it does happen is all, imho. Just keeping my eye on it. Spirit has problems too, fwiw.

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Yes - I would imagine the pending or potential litigation haircut would be quite large on this proposed transaction. Might indeed result in a lower than current market price deal.

I'd avoid it altogether.

ravingfans said:

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ravingfans said:

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Heineken-Ashi said:

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If we get OXY $62 I'm jumping out of the expiring calls as they will likely be 2x+. But I'm not exiting for less than $0.40 which is B/E for me.

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I set a conditional stop at $62 with a limit of $1.75 for the call in case I'm in a meeting

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Ran out of time--The Rib wants to go vote and get some Tex-Mex. Sold my calls @ $.35 for an $85 profit. Started off the day thinking I would be $200 or so in the hole, so a net $285 gain today by that logic? Woohoo!

Was really looking forward to seeing it run up to $2, but there is always next week...

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Ya, didn't give us enough time. Sorry for that. The move was setting up a lot quicker before the chop happened.

Oh well. On to the next one.

XLRE Mar 15 $39 calls - grinding up. Now $0.85. Bought in at $0.32, sold half at $0.71. Ultimate target is XLRE $41 or $2.00 per contract. 15 days to get there.

EnronAg said:

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sts7049 said:

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

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how much are your puts worth?

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hopefully enough to get you to not make every post about the election

time to buy some $VIX $20 calls out in May???

Anybody have the link to OAs group handy? Thinking about giving it a shot. Can pm me if it's uncouth to post

trip98 said:

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time to buy some $VIX $20 calls out in May???

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VXX will pay more and not cost as much.