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Manic Trading Thread

54,543 Views | 870 Replies | Last: 3 yr ago by BearkatRunner88
Rice and Fries
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I also like to view the actual option and see how it's traded during the session, so if it is near the options high of the day, I will wait and watch for it to fall.

Good example is the BYND trade, I looked and saw the HOD on both the stock and options, so I waited. BYND started going and I bought in at $0.45 for 2, and then two more at $0.22. Current cost basis is $0.35, so hoping to win on that one.

Dale Gribble
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OverSeas AG said:

8) if a name that I do not know, or do not know well, I am trying to do a scan on the company just to make sure I am kosher with the trade. (I would not have done TLRY if I had known more about it)


I will say first of all, I don't disagree with your point at all. But I will also say (1) this play is far from over, and (2) in the past couple months he has had multiple plays on TLRY to pay off bigly.

Just a general point to drive home for all, you have got to have some brass balls to stick in with this style of trading. If the ups and downs make you a nervous wreck, you probably need to go in a different direction. Though if you are able to stay patient, I believe it will pay off in the end.
Shiner Bock
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does manic routinely have this many losers in a row?
AgEng06
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AG
Technically the TSLA is the only loser. The rest are just wayyyy down.
Rice and Fries
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Diamond Hands. Gotta have diamond hands holding these options.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
Carnwellag2
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what was the take on BYND? why did he think it would jump 20%
TV Casualty
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AG
Shiner Bock said:

does manic routinely have this many losers in a row?


There are going to be weeks where almost none of them pay off. There will also be weeks were you will hit on more than 50%. These are short term risky plays so some are going to zero.

Since December when they turned their service on they have been profitable, but you will have to stomach some pretty bad weeks.

A lot of people have been touting it pretty hard over this last month, but you have to keep it in perspective that the market bounced back hard over that time. Everyone should be doing well over the last month.

Manic is amazing when the market is moving up fast. It becomes a grind though when the market gets choppy.
TV Casualty
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AG
Carnwellag2 said:

what was the take on BYND? why did he think it would jump 20%


There were rumors of McDonald's announcing a deal with beyond meat. You also had unusual call buying for $110s, $120s, and even 130s expiring tomorrow.

He put it in when beyond was rocketing up to highs of the day and was hoping for continuation.

That's the thing, manic is operating on some very speculative plays. Beyond will either be a hero or zero tomorrow .
AgEng06
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AG
How do we interpret that "looking at..." tweet? Wait for the BUY?
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
Ernest Tucker
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AG
I just take it to mean pull up the order editor and be ready. Of course, usually the time it takes me to get to the order editor gets me a better entry point on these manic trades
khkman22
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AG
AgEng06 said:

How do we interpret that "looking at..." tweet? Wait for the BUY?
What ticker, strike, expiration and entry price is he "looking at"?
Rice and Fries
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Looks like ROKU will be hero or zero.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
Ernest Tucker
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AG
OverSeas AG said:

So if he pulls the trigger, would he want to sell in AH?


How do you sell in AH through Think or Swim? Anyone know?
AgEng06
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AG
It has dropped 15 cents since the mention.

And still dropping.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
McInnis 03
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AG
Was anyone else just watching the FLOWALGO stream on manic before he reset it??? I swear I saw 4 huge sweeps of aapl puts come over.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
PPAag06
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AG
I think i'll be sitting this one out. I have enough risk on the table already that a break upside would likely my account anyway.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
Ernest Tucker
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AG
McInnis 03 said:

Was anyone else just watching the FLOWALGO stream on manic before he reset it??? I swear I saw 4 huge sweeps of aapl puts come over.


I saw some, but they said "split"
TV Casualty
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AG
McInnis 03 said:

Was anyone else just watching the FLOWALGO stream on manic before he reset it??? I swear I saw 4 huge sweeps of aapl puts come over.


There have been puts coming across. I believe the action is slightly weighted towards calls still. I would say that earnings will be a coin flip.
Rice and Fries
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McInnis 03 said:

Was anyone else just watching the FLOWALGO stream on manic before he reset it??? I swear I saw 4 huge sweeps of aapl puts come over.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
Ernest Tucker
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AG
What do y'all pay attention to on the Flowalgo?
McInnis 03
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AG
brd79 said:

What do y'all pay attention to on the Flowalgo?
Large trades, OTM, oddball stuff for me. Or repeated small stuff in a short time frame (someone chopping up their move to keep it under the radar, ie: qty 6 - $50K option buys in near sequential order)
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Ernest Tucker
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AG
McInnis 03 said:

brd79 said:

What do y'all pay attention to on the Flowalgo?
Large trades, OTM, oddball stuff for me. Or repeated small stuff in a short time frame (someone chopping up their move to keep it under the radar, ie: qty 6 - $50K option buys in near sequential order)


Thanks! I'll Just pay attention to everything else then
Rice and Fries
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THE LAD BOUGHT AAPL LOTTO
AgEng06
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AG
Wow, we could have gotten it at $1.6x, and now it's over $2.

That's gonna make me sit out.... so of course it's going off. Lol.
McInnis 03
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AG
Rice and Fries said:

THE LAD BOUGHT AAPL LOTTO
When he mentioned it 30 min ago it was a $1.00 cheaper almost.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Ernest Tucker
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AG
I was primed in order editor. When I got the tweet it said buy at $1.98 the price was sitting at around $2.10.

Is there a delay or something?
Rice and Fries
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Bought a share of AMZN in the retirement account
AgEng06
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AG
I bet he had it typed up and just hit send without updating the current price.
 
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