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Awesome KRAIGGER...I had all my funds tied up from early this morning or I would have taken that play, it looked yesterday like it was ready to go! NICE job and thanks for posting it...I was hoping I'd have time to get in tomorrow...but it's already taking off.
CF and YELP kind of poo poo today...just had a few lotto calls for the big buyout on yelp, no position on CF but have been watching it ... anyone 10 baggers for Friday? let's hope so.
you sold your loco calls?, I thought you just had a few contracts ...I did see somebody post on here say there were bailing before earnings, so maybe that played on your mind, it's happened to me before...I just have a few calls...so small loss if it doesn't work... market has been tough lately with all the gyrations...hard to catch a good trend and then we got the big gap up today...
Rory, you love the VXX like nobody else I know...I got killed on some puts years ago and won't touch it with a 10 foot pole because of the premium drain....it's the most manipulated instrument I've seen....so which way do you think we go tomorrow? things looking very bullish today...thanks?
googl? I'm not in it but wow did you see that drop from $547 to $542 in a matter of a few minutes...??it then bounced...this one has been fishy all week with that crazy open interest at the $550 level...over 9,200 calls at $550 and $6,766 puts at the same level...what's up buttercup.
lnkd, sold the rest of my 195 puts at $2.55 from .80 average...
Omars where you able to get out of TSLA okay? What did you do on nflx, that one had me concerned...I bought 1 contract off the bounce and made about $150, peanuts...going to wait to see how things shake out and maybe some opportunities for tomorrow...my lnkd puts worked out pretty well but so far it's holding $195 support...sold 13 of my lnkd put contracts still holding 2. And I have a few LOCO calls for earnings, but small. This is a tough environment.
Thanks Kraigger! yes, Vegas would be fun...I've got to make a few more good trades before I book a trip though... I will keep my eye on NDX too. My lnkd puts worked out but nothing significant yet.... googl trying to push higher but there is huge call/put interest at $550 so will be interesting to see what happens there... Despite the big moves today, I still get the sense they are selling shares into the momos but that remains to be seen as the SPY is making nice highs.
omars I'm going to wait on nflx...I might look to play downside if it fails again ...just not sure on the open interest today...gl to you!
sounds good Kraigger on NDX, that's what I thought you meant by the 4440 close....I haven't been back to Vegas since I took my son about 4 years ago...we had a blast! we actually had a free deal to the Wyndam Resort and it was a great stay.
TLT flat so far after jobless claims and inflation data...hmmm, what do you think? we've got quite a gap up in futures....gap and crap or go higher is the question?
it looks like it could get there but I just can't tell on the oi setup if we will get another fade from there, that's what it looks like but there's a huge call wall that was added overnight at $592 +300 contracts and another 400 at 595; that could act as a magnet but also a wall since it is Thursday now...wish I had a crystal ball on this one.
so what is your nflx price target?
how far are you going to ride it...all the way to $600?
I'm always an NFLX trader!
thanks Stutz! yes it's been a more difficult market to trade lately...I like the downside, too, on lnkd, just not sure on the timing...was looking at that $187 level for downside but it would probably take some market cooperation too if we could more of a selldown...pretty big gap up on futures this morning...should know more with the jobless claims coming soon.
hello Stutz, just wondering are you pretty solid on those 190 lnkd puts (is that a big position or smaller one?)...market looks pretty strong premarket but those gains have been sold off before...I liked the puts last night, looking to see if we get a pop and drop on lnkd...what are you thinking on this one?
using your crystal ball, JB, are we going to get a direction today or more range bound? If not today, then I guess next week, but this has been some range bound trading and just when I think I might have a trade I don't....gl
cnvegas...tend to agree with you...if I was rolling the dice I'd say the next too days we might see downward movement...I'm looking at lnkd puts to make a play...
what strike did you buy on TSLA OMARS...I sold most of my 252 calls at the high, but it was the 5 I kept that I had to take a 50% haircut on...it looked like it was going to break above that 127.2 fib extension and failed...I should have sold the remaining 5 there and would have come out ahead but gave it more time; it just didn't have the mojo it did the prior few days...anyway, I hope the best for you on it tomorrow, just wondering what call strike you bought because I know you waited quite awhile to get in.
Yep NDX couldn't hold that level 4440...I'm thinking of heading to Vegas soon...that's where the real fun is.
I will be looking to go short the next two days; should have done that today on nflx and amzn and had both those trades.... I think this whole interest rate issue and the bonds issues are going to start taking a toll on those overpriced, bloated momos...it's time for a good ole' downhome correction....if not by Friday, then next week...I know, I know, people have been saying that for years and it hasn't happened...let's just say downside instead of correction.... AMZN to $407 sooner than later imo GOOGL to $500!
YELP has been a rumor monger's playland, honestly...I have held calls off and on for months but I really hate that stupid company, lol, it's like the most lame business model ever and reminds me how stupid all this social media crap is...the funny thing is social media isn't even social...people never really have to interact and yet they think they have all these friends and connections...nobody is real on those site...people can act however they want because it's mostly anonymous...the trick is to come up with one of these fake businesses...that's where all the money is and then get on the SHARK TANK and make a million $ lol
LNKD new LOD; next stop $183??
Walmart news starting to kick in on AMZN puts looking good!
kraigger funny you mentioned that, I was just looking at NDX and a spinning top is forming on the daily and may turn into more here; yesterday's candle looks like a bullish reversal...what is your upside target? I'm looking $4468.75 then $4479 and and ultimately 4562...thanks.
cool dude what strike do you have on nflx..I hope it runs for you...it stinks being in a losing trade...
I agree JB on TSLA, I was one day off on my puts and today was the wrong day for calls...but longer term I think TSLA could go above $280...unfortunately you have to have the timing on options though and mine was off today.
yeah omars this was not a good day for me on tlsa; it looked promising at 7:41 my time (mountain time) when it traded above that fib extension at the high of $238.30 and then they ripped it right back down, tried for it one more time at 7:51 and then that was it ...was all she wrote for my calls...sold most of them on the second run up but held 5 contracts and therein got my losses...nothing big but I was up nicely for part of the morning from my entry... a lot of sideways crap eating up premium so far on a Wednesday it appears...I'm thinking we get more movement Thursday and Friday...
What's your feel for the next two days? I kept thinking we would sell off the end of the week but not sure now.
sorry cool dude on nflx! it was a bugger today...I know the feeling for sure...maybe it will bounce for you here. What do you think the market will do the next two days...a lot of shenanigans with monthly expirations happening, I'm sure.
TSLA getting whooped today; profit takers and short sellers...my puts from yesterday would have worked better today ..
cool dude I had nflx as a short today off of 587, wished I'd taken it instead of my other play, which was those tsla calls...It looks like you are doing good so far on your LOCO calls right?
gl omars...what did you get? it's having a tough time today...I sure talked myself into that trade...it wasn't a gap and run today; it was a big gap and crap on me, haha.
yeah tsla crapped out at that 1.27 extension...big resistance there....I had nflx as a short off the 587 high and didn't play it... the nflx calls on Monday helped a lot but last two days haven't helped one bit.
omars did you trade either nflx or tsla? looks like we were dead wrong on tsla so far today.
ok no more TSLA for me...shorted it twice got my teeth kicked by the mule...joined the club as the open interest looked great for a higher move...and it crapped out at the 1.27 extension...luckily sold most there for break even and just took my losses...looked so promising for a few minutes but couldn't break above that resistance early... hopefully Thursday and Friday are better...it's been a tough options x week... was up nicely on the trade and they sucked the profits right out..probably now it will rip and got to my upper target lol...
futures just sold off pretty hard from the earlier premarket highs...DOW was up +70 this morning and NQ was +23 or higher...I guess this is options x week.
thanks...yeah tsla sitting right at the 127.2 extension at $248.12 next stop is the 1.61 at $260.03...it would have been a whole lot easier being in yesterday, lol! But of course they don't make this easier, or everyone would be doing it...well I guess a lot of people are doing it but it's the 10% or less making the majority of the money..good luck!
I agree on tsla, JB, the question is how do you get in on that kind of gap up...the hope is it pulls back on open, but otherwise you have to go for some OTM calls and hope it keeps on going...it honestly looks strong to 258 but the issue is the entry as always with these pesky options, IF you are not already in it that is.
omars, in looking at nflx patterns, I have some concern this morning if you look what happened in the oi...I am more favorable on tsla going higher and think we could a push to 258 or so this week...just what I'm thinking now... I could be wrong on nflx but maybe a better setup for me on Thursday. I actually think nflx could pop and drop today.