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Still looking for 231SPY/201DIA, gap just filled over the last couple of days. After I flip out of some more calls at this point I'll add to my short bias...
Expecting a july 29th-Aug 15th type move, gap filled another few more percent up before any retracement, also highly doubt we'll see a serious one before DOW 20,000
Looking for terminal move to 231-233
Personally looking for 231 and 201 on DIA
Traders vitamins, make sure I get my good dose daily
Exited all of my jan-march calls, left with plenty of free puts dating through there, 227.50 Calls now stacked in June & Sept., surprised the spy took out all my price targets for those dates in a matter of weeks lol.. still potentially looking for 233.50-235 on the upside but couldn't hold shorter term calls on it, feel like that's be just being way to greedy.
Would love a pullback within the next month to 215-220 to exit puts for break-even and some profit, making money on both sides
$SPX to 20,000
Dow to 200,000
Wooooo
Practically just saying to f... off to trump lol
Just a fun thought, even though extremely unlikely, but then again with all of the unlikely things that have occurred who knows lol..
But what if everything's getting marked up hard for the fed to release a no interest rate increase after its meeting
Heavily hedged with puts this whole way up, would profit a hell of a lot more off any retracement, but had to start playing somewhat more neutral since my bearish bias this year has cost me more than I'd like to admit.
Now that 223.50 has been broken, looking for 232-232 on spy and 200 on DIA before any notable retracement.
PM resigned
Keep eyes on referendum goes today
218.01 Next level of support
Think we'll see a bounce up to 223.50 before we see an actual decline worth noticing
Definitely agree, If the shorts hit, I'm nicely legged in for however long I want to keep playing it, and always going to be nicely hedged, but could definitely get burned but I like the consistent game plan I can have if it works took a lighter position just in case worth risking vs reward
I just think it's already being overly priced in with a move of 41% in the past 43 periods, think we could potentially see 230-235 on new's driven by the latecomers contributing to a blow-off a little bit followed by the retracement, thats why I took the extra time on these contracts so I can be comfortable if it doesn't necessarily happen within the first month or so of holding them..
Also with how quickly it's moved up, it doesn't show much volume area's that will catch well as support if momentum transitions, I mean 205-210 barely you could say, but with how quickly it tends to decline, I think the profit potential's a lot greater than the 200 area anyways, but rather not look at that as motivation since it's unsure lol, so if it does break that it's just a nice additive (:
Also if it does move to 195 I'll be extremely excited, as entering a heavy spread on it will play out nicely, because then it will either return to ATH's if the market really does decide to move hard upwards in the beginning of the year, or if it breaks 195 to the downside we'll see 165.
$30 either direction easily covers the loss of the opposite side + plus another 100% return
Looks like we'll see
Entering GS Apr. 21st 225.00 P's 14.15 each,
Regardless on a bearish or bullish outlook on the market I feel that we'll see it cool off down to 204 way before expiration, then will exit the puts and create a spread once the retracement shows signs of slowing down, really would prefer it to hit the 195-205 zone to exit though and turn a decent profit... Let's find out
2,235 top, then the decline begins.
Anyone want to acknowledge Goldman being up 61% since june, can't be much room left before overheating, potential gap up, blow-off today?
Legging out some of my calls on my spreads looking for a slight pullback to add lower.
lol doesn't mean I'm betting on it, was waiting from your response, I feel that a lot of charting and such I just do for practice, I consistently am updating ideas and creating new hypothesis, not just to enter positions but to broaden my creative thought and not be so narrow minded.
But also as it has fit potentially into one, can't just state there's no way it could occur, as it's hit all the prior Price target's within it.
Also I assume you are under the understanding that the first year of the election cycle, the market tends to be in the worst condition as well as the market tends to perform the worst out of the options when a parties control is transferred to a republican president?
Not stating there will be or not be a drop, but just addressing your republican comment.
Broadening top potentially completed? Check it.
I Know I've been posting on here for the last 4-5 months the potential of us being in a broadening top, and at least now we're at a final high level that will conclude the theory by either breaking down and confirming or moving through the upper trendline, and voiding the upper line.
I have it labeled with two number sets, first 1-2 are same regardless, I think the third wave could be in the center and collapse which is failed 3-4, and then now we're at 5, or that we've only seen 1-2, and now are hitting line 3.
Let me know thoughts
GLTA
Spread's at 180/182 on dow worked out well,
+$9 on each call, covered the cost of put's at 182 which I spent avg of 8.50, still holding 3.90 value,
Now have some clean downside protection for free in case of any return towards pre-election level.
Entering Jun. 16th 220 strike for the calls & Puts
8.85 for calls
10.62 for puts
Looking for either a straight move to 230 within the next month, and get more free puts, or looking for a retracement to 215 area, to take profits on puts and stack 2:1 bias on calls with july puts & Feb as well as june calls, and am hedged from the past free puts in case any further downside occurs.
Hoping to stack as many free long term puts as I can so I'm able to always be comfortably hedged starting 2017.
As well, each 100 level, and 1k level on dow breaks have followed usually with a avg. of 3.5% continuation through the level, which will put me pretty close to the 230 target, and usually follows afterwards with a retracement to the broken level, which will allow me to exit some of the puts as well if desirable, and then stack the calls back at 220ish, so we'll see.
What if we see a reverse brexit situation line up, nice 5-6% move up over the course of the week for a 10% correction the following...
I mean I don't really care I took a nice spread that's already paid for it's other side fully thanks to this morning, but legged out so some downward pressure would put some cherries on top
Same exp on all of mine, except have a small stack of weeklies up until the end of the year
Nice little Mark-up today on low volume to hedge the amount of selling that's to come, and couldn't be happier about it with these put prices
Care to elaborate, always interested in hearing others contributing factors to their perceived directions of the market
Oh that's even more exciting
Assuming we're talking about dia 170 yeah?
Posted this a few days ago
Russia, and major war preparation?
Anyone know further on what the deal is with this, or cause may that be,
and what would the implications be on the markets I wonder...
https://www.thesun.co.uk/news/1962638/putin-orders-all-russian-children-and-relatives-studying-abroad-to-return-to-the-motherland-as-he-prepares-for-wwiii/
http://www.independent.co.uk/news/world/europe/russia-us-nuclear-war-vladimir-putin-barack-obama-ukraine-dmitry-kiselyov-warning-a7355226.html
Woooooohooooo
after hours pass some time topic that may be helpful
Nike looks to be breaking to new lows on AH news
Also if anyone has any really good book recommendations in regards to the markets, trading, analysis, I'd love to hear starting to run out of solid options and building a new library, so would like to add some new ones to the collection, or if you don't feel like posting would love some messages
Enjoy your afternoons everyone
Lol a stock wouldn't be moved upward for a sale of 1.5m shares or a petty 75k.
$RXMD breakout, Chart included
Haven't had to change the chart whatsoever for the last week I've been posting it lol, except to move over the words 50% retracement, seems to still be moving pretty textbook IMO,
Oh and Moneyfornuthin, if you read this I don't have PM's because I won't allow myself the ability to post on here more than 15 times a day lol, I have to limit myself, but check my previous post on my account regarding RXMD and that'll illustrate my opinions of whats been going on.
Click to enlarge
Have a nice day all
small relative to 90% of OTC stocks, 500m-1b is pretty common.