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Yes sir, very worth the risk - no rush...easy .0005/0006 next week IMO
One never knows; could be the next DOLV, that's the beauty of a Reverse Merger of this nature.
I sold 10M DOLV at .0004 in one account, boy have I regretted that!
Hearing R/M whispers - any truth to that? I would love to be sitting on another DOLV here
The DOW is up over 400 points since Tuesday...never seen anything quite like this when nothing has changed this week from last week, except for Yellen being perceived by the market to be more "dovish" this week, as opposed to "hawkish" a couple of weeks ago, but the underlying Fed approach remains EXACTLY the same and on-track....
Central bankers ALL moving away from QE...
Oh, and although banks earnings mostly beat the LOW analysts expectations, their outlook was negative...I thought the market was forward looking...hmmmm!
Just off'ed my experimental calls for $800 profit...SMFH!
Lol, indeed, I bought a small call $245.15 just to test the waters, and already up over $500...SPY and QQQ defying gravity...
Insanity IMHO, since nothing has changed since last week when SPY tapping 240, but hey, might as well go with the flow, and not fight it.
Bear barbecue today...yeesh, and once again on low volume and ACCM/DIST...SMFH!
Best not to fight with this bull right now despite how overvalued equities are right now, and how the market has completely misunderstood the Fed's tone...
JMHO
Lol, saw this headline today for S&P...so true; "slow-motion breakout attempt underway"!
Lol, I bought the exact same puts, and a SPY 7/14 244 lotto at .03. My 5day5min QQQ showing a big drop, and SPY 10day30min flattening which could indicate a double-top and possible drop within the next 2-3 hours...
Sticking with my AMZN puts too...
Problem is, the Financials are slowly creeping up to join all other sectors in the green.
Bring on a drop below 244!
Yep, making-up for the current QQQ and SPY losses, that's the beauty of options
I bought AMZN $998 puts around $1003 on the weakness I saw yesterday. Still holding my QQQ and SPY puts and heavily down...
Yep, Fatonio, turning the faucet on...and getting desperate, but what can you expect when VNDM sits on the ask and dumps off 35M blocks after every PR.
INCC getting boxed-in FAST now!
There was so much potential here, but Fatonio blew it!
Unfortunately, dilution continues and has throttled the pps and any interest in INCC. When VNDM sits on the ask every day, and the CEO puts out PR after PR only to dump 30-50M shares, the market sees it for what it is, a diluting POS with no upside.
INCC is now permanently on my "NEVER trade list"!
Antonio had a chance here with some strong supporters, but blew it, and now is stupid enough to dilute into low summer trading volume...SMFH!
.0001 and NO BID coming VERY SOON!!
JMHO
Definitely surprised after it broke the support and even hit $995.90, only to bounce back to 999.85, there was a little weakness there, but BTFD jumped on anything falling...I should have just dumped all my QQQ puts for the $1k gain when I had the chance!
Tomorrow will be ALL about the banks. The expectation is for blowout earnings, but I think they'll be mixed...I bought a very little Citi call and JPM put, pure lottos...
Unreal, SPY is like a spring today, any dip and BOINNNG to new highs...FCOL!
QQQ less so...
Yep, AMZN broke 998 support, and could see a further drop. SPY is resisting and no shortage of BTD buyers to prevent too much downside, but can they hold it if volume increases...?!
Will be surprised if AMZN doesn't drop below 994, or lower, taking SPY with it.
There should be a much bigger drop coming for QQQ and SPY...
JMHO
AMZN, and the 998 support break will be key...
JMHO
SPY starting to top-out...for now, based on my ever trusted 10Day30Min chart which usually results in a drop of $1+ within the next 2-3hrs.
I seriously question that technical right now, but it's held true over 50% of the time...
Yep, it's pushing to break SMA50 and doesn't want to be left behind by its FANG brethren...
AMZN seeing some resistance at 1002, but if that breaks, then S&P ATH's will come fast, and today.
However, any pressure by AMZN on 998, could see a drop and a little QQQ and SPY red, however, time is running out, and the push upwards is gaining momentum...
JMHO
Yeah, but bank Q2 earnings expected to be "muted" given lack of volatility, so may be some "sticker shock", but hey, I'm sure they can manufacture something positive to preserve DOW and SPY ATH's....
Yep, volumes low, ACCM/DIST low, but SPY is hitting HOD, and the "new and improved" (LMAO) Healthcare Bill looks "skimpy and unlikely to pass", but hey, let's push the S&P and DOW to ATH's!!
AMZN starting to look stronger, and that's not good for QQQ and SPY puts...
SMFH!
Looking for AMZN to break below 998 which could spark another leg down for techs and QQQ.
Yeah, me too, and I was up over $2k on that little drop...SMFH! I cannot believe how the SPY has jumped back and clearly wants to push for highs, but tech is showing a little weakness and so is the Dow...
It could all turn very negative quickly, especially with that downside gap-fill.
JMHO
Looks like AMZN & FB are looking to drop a little...profit-taking and risk reduction, however, AAPL is counter-acting and looks ready to rally. If AAPL turns negative, techs will drop fast and SPY will follow.
The market overreacted positively to Yellen yesterday, and today she sounded more "hawkish" again about going forward with interest rake hikes and reducing the Fed B/S. Also, Draghi is maintaining his "hawkish" approach.
Will be surprised if we don't see a STRONGER pullback and deep "red" day, but AAPL and banks will be the key...
JMHO
So true. Personally, I loaded QQQ and SPY 7/14, 7/21 and 8/18 puts at the close, after riding some small but very profitable calls this week.
However, technically, I am skeptical because trading channels that have held for the last 3-4 weeks were broken to the upside...
GLTA bears...bulls, it's been a good enough week!
Lol, me too - I have long-term SPY and QQQ puts, but not sure about today at all. I think I'll just take the day off.
I certainly hope so, my large positions of Aug SPY 236P and QQQ 130P are waiting.
I should have sold the VXX and UVXY calls into the spike today but they're also August, so I am patient.
It truly looks to be happening...THIS TIME, risk!
Thanks Ang! I am expecting a small bounce back tomorrow, but no higher than 242.50 to 243 - I just loaded some 7/7 QQQ and SPY calls, but only small positions. I think SPY hits 236-238 next week.
JMHO
What an awesome week - if SPY keeps doing this i.e. one day UP BIG, one day down BIG, we'll all make lots of money!
FINALLY BOS, we knew it was coming! Congrats too, and enjoy your day/evening!
Long term SPY 240P and QQQ 136P starting to look good here...VXX finally starting to move-UP strongly, could be a bloodbath soon!
My 6/30 QQQ 136P lotto of 100 contracts at .05, sold at .45, that's truly what options trading is about.
Great day to be a BEAR!
Just bought a lotto QQQ 6/30 136P at .05, 100 contracts...
Yip, it wasn't supposed to do that! Let's see if it can close above it, however, SUPPORT and RESISTANCE have meant nothing today...
I cannot believe that I have SPY 6/28 242.50P that are going to expire at zero...money down the drain...
Lol, and QQQ follows with a new HOD...SMH!
Yeah, should be down for QQQ, not sure about SPY because Financials and Energy are holding it up, however, the 2day2min shows a big drop to 242.60-242.80....
QQQ looking very overbought, might be a good short-term dip decision...
I cannot believe the extent of it, truly unbelievable, yesterday's drop and close below SUPPORT, wiped-out...the BULL is a beast!
Yeah AAPL is ripping and taking QQQ and SPY with it - looking like a BEAR massacre today after SPY closed hugely below support levels yesterday at 241.33...SMFH! Real head-scratcher...
Both SPY and QQQ at key resistances now, but to be honest, it's looking like they both have the steam to blow through...SMFH!
Yip, almost intentional just before lunch...prop her up, and then after lunch DROP!
I also have 6/30 QQQ 138P and now a big chunk of SPY 6/30 243P...