Market is so close to a top. But today did a lot to reset for a push higher
Hadn't done options before but this sounded good, bought one first thing at 82. End of day they were 71 - if they were good at 82, they're even better at 71 right? So bought another.Heineken-Ashi said:
Saw a post on another board about SLV during the last two presidential elections. 2016 ran to nearly $20 in August from bottom of $13, or around $14 in March. 2020 ran to nearly $30 in August from just under $11 in March. We're currently not even to $22 from a 2024 bottom around $20.
$25 calls are 82 cents in September. $30 would be a 500%+ gain and $40 would be a 1700%+ gain. 30 calls would be about $2k and would net between $15k and $45k if this performs similarly.
I'm strongly considering it. Might even do 50 contracts.
I didn't get my order filled. But as long as overnight action holds $21.50 and can show signs of reversal back up, I'll probably buy in the morning.NateDog said:Hadn't done options before but this sounded good, bought one first thing at 82. End of day they were 71 - if they were good at 82, they're even better at 71 right? So bought another.Heineken-Ashi said:
Saw a post on another board about SLV during the last two presidential elections. 2016 ran to nearly $20 in August from bottom of $13, or around $14 in March. 2020 ran to nearly $30 in August from just under $11 in March. We're currently not even to $22 from a 2024 bottom around $20.
$25 calls are 82 cents in September. $30 would be a 500%+ gain and $40 would be a 1700%+ gain. 30 calls would be about $2k and would net between $15k and $45k if this performs similarly.
I'm strongly considering it. Might even do 50 contracts.
Minor play, but for a stock buy/hold guy, felt good for my first option play. We'll see in Sept!
Appreciate this. I played the same. These will pay at the open.BlueTaze said:
JD might be a good lotto play or swing trade into earnings tonight. Beaten down Chinese retailer trading near cash on hand, a strong report could squeeze. Looks like some historical support in $20-21 range, possible double bottom W.
I went with March 15 $24 calls @ .45
Charismatic Megafauna said:
I placed an extended hours short sell for one contract at 370, a sell to close for 25 on one to try and catch an opening pop, then holding the rest and see what happens. They're 3/15 expiry
A big baller like OA would have short sold 100 shares per contract up there at 372. Little guys like me can't do it.Charismatic Megafauna said:Charismatic Megafauna said:
I placed an extended hours short sell for one contract at 370, a sell to close for 25 on one to try and catch an opening pop, then holding the rest and see what happens. They're 3/15 expiry
Welp guess these aren't gonna work. Gonna try and sell 2 for at open for 16 and get my capital back + then see what happens with the other 2
so AAPL is NOT the largest company in the world by market cap.Brian Earl Spilner said:
Somehow I don't think the largest company in the world by market cap is going anywhere.
tons of flow on it this morning, looks like it wants to complete that cup to 29 or so (on the weekly back to 2021).confucius_ag said:
PLTR wins share of TITAN Army contract.
https://finance.yahoo.com/m/3c5d922a-4c89-3bdc-bf9f-a234b2b425f1/palantir-wins-u-s-army.html
edited to reply: good deal!fightintxag13 said:
UNFI continues to trend downward. Earnings report wasn't good.
I've had a problem with playing stops too aggressively of late, and it's cost me. I'm still sticking to Heineken's original stop of 12.75. I went with a smaller size position in it anyways, so I'm not risking too much account value by giving it a chance to reverse.Brewmaster said:are you stopped out or still in? Heineken posted a warning about this one a couple pages back, didn't look good. Make sure to have an exit plan on these.fightintxag13 said:
UNFI continues to trend downward. Earnings report wasn't good.
Now I'm stopped out.fightintxag13 said:I've had a problem with playing stops too aggressively of late, and it's cost me. I'm still sticking to Heineken's original stop of 12.75. I went with a smaller size position in it anyways, so I'm not risking too much account value by giving it a chance to reverse.Brewmaster said:are you stopped out or still in? Heineken posted a warning about this one a couple pages back, didn't look good. Make sure to have an exit plan on these.fightintxag13 said:
UNFI continues to trend downward. Earnings report wasn't good.
Edit: It's trying to put in an intraday reversal now.
It's as if the market makers love poetry...fightintxag13 said:fightintxag13 said:
I'm keeping an eye on KR. It's approaching $50 and it has gotten rejected in that area 6 times, including one failed breakout, going back to August 2022. I will likely by medium-term puts if it gets above $50 and is rejected again.
Edit: It also got rejected there in Jan 2022. It's clearly a very strong resistance level.
KR hit above 50. I entered the 3/22 $49 puts. I was a little delayed to get to it after the alert went off so I got them at $1.00.
Edit to add: I'm on mobile so I can't look at the chart as east today, but I know at least 2 of those previous rejections were on earnings. They have earnings this Thursday before the market.
nice find Philip, this one's moving a bit. 131+ now, up from 129 and change entry.Philip J Fry said:
THG has been in a nice channel and currently at the lower channel boundary. Could be a relatively quick 10% move if it holds.
Bonfire.1996 said:
How can you play this? Rocket Mortgage (RKT) will rocket higher if the 10 year bond tumbles. The 10 year bond will tumble, farther than market forces would normally push it, if the FED drops rates prematurely. If the FED drops rates prematurely, the smart people will recognize a bail out, and they will know the FED is no longer interested in inflation, but is interested in the overall financial stability of the USA. That means an eventual return to ZIRP and a Japan style fiscal policy.
RKT leaps are the play.
I think it has to do with the Houthi rebel attack on a ship that killed some crew members and the rest abandoned ship. The first deaths in their attacks. This will escalate things significantly. Let me rephrase, it has the potential to.Brian Earl Spilner said:
Seems like Powell just said something...
Fed comes out and says "unemployment needs to significantly increase for rate drops to be sped up"Bonfire.1996 said:
How can you play this? Rocket Mortgage (RKT) will rocket higher if the 10 year bond tumbles. The 10 year bond will tumble, farther than market forces would normally push it, if the FED drops rates prematurely. If the FED drops rates prematurely, the smart people will recognize a bail out, and they will know the FED is no longer interested in inflation, but is interested in the overall financial stability of the USA. That means an eventual return to ZIRP and a Japan style fiscal policy.
RKT leaps are the play.