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Aaaaayyyyy ooooohhhhhh....!!!!!! Hhaaaaa..! 1st... xmyusd
Well I was really just asking to clarify... others may be more well versed in the subject then I... i usually only long options.. but to my understanding being short a put today if it drops further wouldn’t you be losing money with that one..? Depends on exp dates I guess... However if it goes up and stays stagnant the rest of the day then that short put would allow you to collect the premium into close.. Buying the otm put in theory should offset the loss but I’m not sure on the Math here... Not trying to interfere... welcome to opinions... gl spy
Went short a put atm and went long an otm put...?
Didn’t play their earnings.... good luck to those that did... whichever way you bet... spy
Amazon is a solid company I think they do very well... i expected them to do well this quarter... I use their service and enjoy pretty much everything they offer... but P/E ratios and market exuberance seems like they’ve gotten ahead of themselves... however would not be surprised to see appreciative price action tomorrow but in my mind given certain tech valuations I think it should not be this highly valued... we shall see.. gla... spy
I actually didn’t play this one... played nflx though and did well... I did expect a drop but I layered in shorts across the board xlf p xlk p spxs calls $vix index calls and so I figured I prob should just hold some ammo back for the future... but I congrats to all that did... and hope you the best...! They’ll prob come up with some other bogus reason to prop this up further... I put time in front of me so I expect further insanity but would welcome instant sobriety... but we shall see... gl spy
Revenue multiples state a $158 value... so perhaps if one enjoys fundamentals then $160 would be a decent long term target...
https://finbox.io/FB/models/revenue-multiples
Lol ok sorry geez all’s I want is to know the direction...
Somebody did... lol
Weeeee...!!! Lol
Congrats...! What’s your strikes..?
Added one more layer here to my spxs calls... gla spy
Now it’s looking strong... spy
spy
Sometimes When I’m short the market and the market keeps going up I like to hold the chart upside down so it makes me feel better... lol spy
Scaled in a few more shorts and added some hedges with spxs puts... currently 2:1 short.... up can’t last forever... when the captains drunk and everyone’s dancing and partying and being merry I start to look for the life rafts... spy
Looks like I’ll have to hedge my short position with some calls... or effective calls... maybe some vxx puts and some spxs puts... spy
Man those boys are good... they have shaken most of the bearishness off the two hr... cooled it down just enough to convince da bulls that the water is fine... looks like the bears lose again... keep the party going...! Spy
Here’s hoping for ya bud... although I’m on the dark side of the moon currently... I still like to see everyone do well... so good luck to you! Spy
Lol yup good to see... looking for a jump here above resistance... closed currently (weeks not over) above weekly resistance... now we just need to keep chugging along... although in the back of my mind I can’t help but think this is the 401ks of America putting money back into a market and the fund managers are just buying their buddies shares and plan on dropping it on the sheeple... I could go further on this but why... for now sheeple strategy has worked... no reason to think different at this point... glty Spy
Lol... yeah and I must admit.. I was the one that sold that 5.4 million xlk yesterday... had to pay my bar tab... spy
They may just be playing the ol rope a dope on shorts... leading them in to bleed them some more... spy
Spx now 1 cent above the weekly resistance (2815.90) it’s been fighting to get above... close this week out under it and it’s another chink in the armor... been here before had similar reaction... need a push here (somewhat expecting one) to solidify resistance break... spy
Not getting excited... even though this is just more of the same rejection off the top... but good ol spy been known for the gap and go resistance break... so more chop until it’s not... holding long dated sept $vix index calls... and Sept dated spxs calls... with some even longer dated xlf puts... let go of my weekly qqq p today for a 3/4 loss but it was somewhat a lotto which may have payed off if held longer but I’m not letting decay kill it... gla spy
Short death blow lining up...? Amzn report may be the death blow to cause short capitulation (squeeze) to take us to Jan highs... however I love how this is called strength... seems more like rush up prop job everyday it gets up and volume dies off... each day... run up and volume dies.. strength to me would be an relentless crawl upwards... this is more like a boulder being pushed up a hill... on the hope that it won’t start to roll backwards... but beauty is in the eye of the beholder... just don’t turn on the lights... gla congrats to the call holders and longers...! Spy
understood... hope your sack is full and safely in port by the time the waves start... so far so good..! glty spy
Congrats..! Looks like you’re risk was rewarded... spy
Someone sold 5.4 million shares of xlk after hours... let the lemmings follow the herd... the rats are jumping ship... spy
I wish you luck on that... I’m taking the opposite approach even though it’s been ill advised lately... lol... glty... spy
Lol.. I think it’s the name that was throwing me... spy
Ok good to know... death cross (50 sma cross under 200 sma) means go up a lot... alright! Xlf death cross on daily means buy banks! Saweet..! Spy
Cool... what caused you to go with tqqq instead of qqq...? And What’s your strikes if i may ask...? Spy
Not to mention that we have stepped up our game to a currency war... we saw the first shots fired this week... first shot trumps comment on the dollar... dollar drops... next day massive yuan devaluation... second shot... stay frosty... spy
Keep the markets up on low volume... don’t you dare sell... you will be reprimanded.... two massive yuan devaluations have happened recently the same thing that unwinded the market in 2015... but yet crickets... suspect... spy
Welcome back 2017...! Spy
Well I’m not gonna go as far to say what to expect that way... idk how earnings will turn out but there will be clues along the way imo and I agree markets are priced for perfection but they also never cease to amaze to the upside when times get rough... spy
Not no more they ain’t... wouldn’t expect significant downside at all from here... maybe open down but will be bought with a rally back to last session highs... no biggie here... gonna buy calls in the am... no fear not skeered... spy
Lol at this trying to go back down now... too funny... spy
I’ll take spx 2765 but won’t go there cuz this will be seen as a buying opp... not a top... gives a gift to the big guys to buy and all the sheeple to follow when the earnings come in “better then expected” as per the usual... they’ll unload later when everyone thinks it’s safe.. this is just a blip... spy
Ehh earnings reports... all that matters imo... tariffs take a back seat atm... spy