I just bought some Jan 2 calls on FUBO for .14

still holding shares as well

Don't want to see FUBO much lower. Chop chop as of now though. Can it hang on is this question.

rumor of hindenburg on CVNA

— Sam Parikh (@smartertrader) November 1, 2024

Anyone know if this guy is credible?

I'm pretty sure my SMCI covered calls will not be assigned today at 50.

aggies4life said:

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rumor of hindenburg on CVNA

— Sam Parikh (@smartertrader) November 1, 2024

Anyone know if this guy is credible?

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He is an options trader with a following. Says some off the wall ****, but has been correct on some of these news drops, but not all.

tailgatetimer10 said:

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I mentioned this a year ago on this thread but just let it be because I don't know all of scmi business. I don't want to spam the thread when someone else could see something differently.

Reference of why: https://www.bloomberg.com/features/2021-supermicro/

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This was the first time I heard of SMCI and the news lead to me starting a position after they tanked 50% in 2018. The company has had multiple controversies, but still seems to stick around and their industry is currently red hot. The opportunity is certainly there for those bold enough.

What the heck got into POWL?

Yesterday DIA (Dow Jones ETF), which I posted about last Friday and follows up earlier this week, made a new low. It actually provided a clean 5th wave low for the bearish setup. I'm now eyeing the put trade and will run some numbers to see if its worth forming a starter position today. As of now, it should take into early next week to form. But you never know.

Here is a thread that I follow. Some good info there.

https://texags.com/forums/57/topics/3181130

Brewmaster said:

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Brian Earl Spilner said:

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Screw it. I am out of SMCI. Cut my losses.

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sorry to those that got stuck in it. there will be much better plays coming.

I just realized I dodged a bullet, checked my account - I didn't have any shares, got stopped out on Oct 22nd!

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Gaeilge said:

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aggies4life said:

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rumor of hindenburg on CVNA

— Sam Parikh (@smartertrader) November 1, 2024

Anyone know if this guy is credible?

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He is an options trader with a following. Says some off the wall ****, but has been correct on some of these news drops, but not all.

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The rise - fall - rise of CVNA has baffled me! What has allowed them to run so much more then say a CarMax? CVNA has a $50B market cap vs KMX of $10B. TDA/Vroom is also completely worthless now.

Small real estate footprint and overhead? They run a slim operation of buying cars off lease and flipping them? Low balling trade ins and sending them to auction?

Chef Elko said:

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Gaeilge said:

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aggies4life said:

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rumor of hindenburg on CVNA

— Sam Parikh (@smartertrader) November 1, 2024

Anyone know if this guy is credible?

---

He is an options trader with a following. Says some off the wall ****, but has been correct on some of these news drops, but not all.

---

The rise - fall - rise of CVNA has baffled me! What has allowed them to run so much more then say a CarMax? CVNA has a $50B market cap vs KMX of $10B. TDA/Vroom is also completely worthless now.

Small real estate footprint and overhead? They run a slim operation of buying cars off lease and flipping them? Low balling trade ins and sending them to auction?

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Understanding sentiment means also understanding mania

Long dated puts wouldn't be a bad thing

El_duderino said:

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Long dated puts wouldn't be a bad thing

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Mania can extend. Buying puts before a potential top is in place can destroy value quickly. I know it's tempting, and a big drop would make you say "see! Should have bought puts!", but I like to focus on high probability setups. Guessing on reversals is not that.

I bought Nov puts on XLF in May. They are going to finish at $0 in a couple weeks unless we have a meltdown around the election. Why did I buy them? Because I thought it topped. It kept extending.. FAR beyond what I thought was reasonable. Can't even fashion a high probability count that makes sense of the move. Does it matter? No. I gambled on a reversal and lost $2k. Lesson learned. AGAIN.

Exactly. Once reversal is confirmed. I've learned that lesson the hard way as well

Brian Earl Spilner said:

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Screw it. I am out of SMCI. Cut my losses.

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Same

Here's an insightful thread regarding the SMCI fiasco. This may go along with any Chinese run company.

Regarding this $SMCI fiasco, here is the 8K SuperMicro themselves filed. Underlined in red is what their (former) accountant is willing to agree with.

This thread has been a long time coming, but I didn't want to write it. It is very clearly time. 🧵 pic.twitter.com/4abs0XkaZ7

— siliconmemes (@realmemes6) October 30, 2024

Very interesting! I've seen the "keeping two books" thing from my commercial lending days, albeit not massive public companies. It's funny how he states "obedience to obscure laws" didn't make their list of ethics, yet they are oppressed by their government and can't break out of it.

Anyone have an opinion on NTR?

El Chupacabra said:

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Anyone have an opinion on NTR?

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One of the top 5 airports I've ever had to fly through.

El Chupacabra said:

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Anyone have an opinion on NTR?

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$NVDA to replace $INTC in the Dow Jones Industrial Average, an index that only consists of 30 “blue chip” stocks.

WOW.

— Heisenberg (@Mr_Derivatives) November 1, 2024

Looks like NVDA popped around 3% on the news

Yep! I'm in nvdl

Wrong thread.

Heineken-Ashi said:

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El_duderino said:

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Long dated puts wouldn't be a bad thing

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Mania can extend. Buying puts before a potential top is in place can destroy value quickly. I know it's tempting, and a big drop would make you say "see! Should have bought puts!", but I like to focus on high probability setups. Guessing on reversals is not that.

I bought Nov puts on XLF in May. They are going to finish at $0 in a couple weeks unless we have a meltdown around the election. Why did I buy them? Because I thought it topped. It kept extending.. FAR beyond what I thought was reasonable. Can't even fashion a high probability count that makes sense of the move. Does it matter? No. I gambled on a reversal and lost $2k. Lesson learned. AGAIN.

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Sounds like cava for me

Sold out of CAVA back at $120 thinking it topped out.

Baffled that's it's kept rising

Huge week coming up. I feel like we rally after Tuesday but it's really hard to say what happens. I almost feel like the result of the election won't matter much in the end, although I think the initial spike will be bigger if GOP wins.

(Not endorsing either candidate here and not looking to make this a political discussion.)

I will be shocked if we know anything with any certainty for either candidate after the election.

I think it's going to be a long, dragged out process either way it goes.