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need an AMZN upgrade to $600 oh Swami
why are we red this morning? Waiting for the AMZN upgrade, please post it as soon as possible. thanks!
I wish I had my swami turban because I have no idea what is in store for tomorrow for this market...thought that bounce might hold but once the boys returned from lunch it seems we lost our lustre...I'm leaning toward a higher move tomorrow...but it's not based on anything technical. Maybe we get a Greece deal?
anyone trade AMZN today?
need amzn to break higher hear and make a new HOD!
no not a big deal was just checking because it could be a nice gap fill...just wanted to make sure I wasn't missing some downgrade or something.
JB any news on NFLX? down -$3.00 I might have missed it...
SPY 211
If you are new to trading options, just plan on a minimum of $50,000 for your trading education (I'm sure some people have lost more), and that might be a conservative number. It can be lucrative but over 90% fail I'm told. For the 10% that make consistent profits it's a nice living, or for those that have enough funds to sell premium and watch the majority of options expire worthless, that's another way to go.. GL...remember, eyes wide open....is the disclaimer.
Yes they came out positive on their books for May...and June we will hit all time highs I'm sure...just need about 20 more upgrades on AMZN, GOOGL, and NFLX... NFLX has to hit $700 before the split, then they can do a 10 for 1 and it's easy math!
you too! JB...rock n roll for next week when we get the correction, lol!
yeah very little risk, lol, just ask the guy that lost $7k yesterday and one that lost 5k a few weeks back...
LOL....not only is HE the BEST but he gives his picks for free unlike some of those guys that charge for their services...JB rocks!
CMG and CF I sure hope nobody bought calls today...I heard a lot of talk about that yesterday on the board....those went TANKSVILLE LOL...OKAY have a good weekend...and remember options rock when you are on the right side...when you are on the wrong side you will wish and hope and pray and there will be no mercy...so be on the right side for goodness sakes! Because otherwise you will most definitely blow out your account...and then you will just be on the sidelines watching...
They must have seen UPB's twitter alert lol!
HUM did anyone buy the HUM 207.5 calls that went from .05 to $10.00?
DECK already trying to push higher premarket...will be a tricky trade with theta decay on a Friday. gl all today!
AMZN normally I would say you would get some upside movement with that upgrade but on a Friday options x I'm wondering if it has much effect? if it does pop amzn could be worth a short today, if the market stays down...
I'm thinking of playing some deck calls...depending on the open.
PANW just bizarre open interest today...both calls and put contracts closed on a lot of the ITM strikes.
also looking at cmg.
DECK looks promising for a move higher today...will that $77 after hours spike be in the cards today? that's what I'm looking at on DECK.
Futures -65 when I got up, NOW almost green...not sure what the mover was but it happened quickly.
Truman, I don't know if this will help or not...$7k is a big chunk of change but if you're putting that much into one trade, I'm thinking you must have a 100k account so this likely hurts but you can overcome it...anyway, here is a short piece on overcoming losses...I've watched a long video on trading psychology that is more in depth, but this might be helpful to some...anyone for what it's worth, I've have been in your shoes and it's not fun sustaining that kind of loss, so sorry about that...
http://emini-watch.com/trading-psychology-what-to-do-when-you-blow-up-your-account/398/
thanks UPB...cmg was a barnburner today for sure...wonder if we get any similar action tomorrow with discount Friday?...even a smaller move would do.
JB nice! what was the news on CMG or what was the spike attributed to...? thanks...after my PANW trade I got busy with a lot of other things...
Thanks very much...of course you always wish you had bought more contracts but once the premium flushed from the ERs there wasn't a lot of time to get in the calls at the lows...I like the fact that I didn't risk much to make the 1 grand...many times I will risk ALOT more and then sell to early on my profits...trying to "finally" teach myself that you don't have to risk so much capital to make consistent, profitable trades...and it's a lot easier to stay in a winning trade when you don't have 10 or 20 contracts or a big chunk of capital at risk. That being said I am buying ITM or ATM now, the contracts cost more, but the delta is higher and not as much theta burn...
thanks again...I hope Friday is a good day...last Friday was not good for me with that low volume sideways trading...I wrote down in my rules, DO NOT trade on the Friday before a 3 day weekend...especially Memorial Day!
Nice job on FEYE! JB... PANW was a short squeeze rocket ship...almost gave up because I wasn't waiting for a pullback and it looked like it wouldn't happen...then the premium came out of those calls and BAM got a great entry...just wish I could have picked up more contracts before it ripped, but got to be happy with $1,000 in less than 5 minutes.. Never could do that before on my day job...and that was 8 hours at that desk!
JB I scored on those PANW Calls I was talking about premarket....Got the $165 calls on the premium crush at open for $1.20 and sold at $4.60....maybe it goes higher, it probably will now that I sold but made a quick $1,000 off a small investment...
thanks JB...so you are thinking a sympathy play on FEYE because of PANW? Looks like PANW could squeeze today...? all time high was $166...and it looks like some people were betting on poor ER results.
PANW! who is trading the calls today?
how much did you pay for that strangle?
$NDX back to Friday's high, lol! Just when you THINK you have it figured out with the market, you DON'T....that's why everyone can't be rich... have a great evening all OMers
why CF? what about nflx $12+ move today and googl +7.81 and AMZN +$6...
Anyone have NDX calls today?
omars how did you do on your tesla puts? did get enough to buy a car, I saw you post that...it was a horrible day for options...yikes...amzn puked an died today.
gl ced it was not a good day for me with amzn...should have just stayed out of the market...I suspected a low volume low volatility day and didn't listen to myself. Have a good one. I forced this amzn trade, plain and simple...waited for it was up about $250 at one point and should have just sold...thought it had a reversal candle then it failed.
hey ced, amzn hit $428.50 I'm about to pull the trigger on some cheap calls lol. Dang AMZN went splat today...big time...looks like it was puts... and that was a wall at $432.
hugely disappointing trading day...note to self...don't repeat this next year!
today was the DAY to sell premium....sideways = max theta burn...Yuk! Should have gone to the Hamptons for the weekend, lol--not.
ok I understand...everything I follow was a bust both ways and option sellers likely have done well with this theta crush....I've got the 430s which aren't working out well...but going to wait to see what the Head Honcho has to say...
Go AMZN!! What strike and price did you get in at, CED? Unfortunately everything is trading sideways, but amzn is holding up relatively well...GL to us...I'm in some 430s...I hope Janet does it well. I had some concern about that open interest as I wrote about this morning...I almost stayed out of the market today because I suspected we would be volume challenged.
nothing is moving --- yet...market is waiting for YELLEN, then we she calms everyone day I think the market goes higher and everyone is happy over the 3 day weekend...that's my 2 cents...