Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hi, nowhat2, no I'm the stupid one. I was thinking of puts not calls. Thanks for calling me out on that one.
So, in this case, the market would have to tank tomorrow if they sold the calls too.
It could be a straddle that ended today, after all.
I don't thinks so. If this is the same trader/s I was watching for quite a while back in November and December of 2019, it's going to follow the scenario I described.
They always work with 100,000 or 125,000 shares. Some times one side of the street, sometimes both.
Anyone take a look at options OI on expiry today, particularly the 300 strike? It looks like someone sold both the put and call side on at that strike for 100K contracts.
If the SPY gaps up or goes up tomorrow on good news, we'll know that the call side was sold in addition to the put side, they were assigned the shares (10,000,000!) and will distribute the shares tomorrow and Thursday.
~d
Edit: and we'll know it's an insider too.
Just sold 1/2 calls.~d
Closed SPY calls from 301 yesterday at AM bell, went long calls again at 299 and added at 298.00.
I think the 302 high should be retested and possibly exceeded by Friday and that today's decline was most likely a bull sweep on the CDC 'news'. The cons for this argument is that the Hurst low is in the window beginning in June, although not technically due till the third week in June.
I will be looking to short only after Friday. Edit: Although that may change based on the action on Monday.
Hysterical, especially the part about the 'scary men':
https://theconservativetreehouse.com/2020/05/26/comrade-crazy-governor-gretchen-whitmer-claims-she-is-being-victimized-by-citizens-of-michigan/
North,
That that line about the W-2 being due in June and has already been exceeded cracked me up. I know you've said similar things before but for some reason I couldn't stop laughing at that one.
It's an Alice down the rabbit hole kinda' line.
Best regards,
~d
I thought that the decline today was actually quite bullish s/t. I would have been more concerned actually if SPY had rallied all day.
~d
Can be held just for day or a few days, at this point, IMO.
~d
Edit: Not trading advice, etc, etc.,...
Anything over 300 looks like a screaming buy here to me.
For the record, I went long way too early today and refuse to add out of sheer stubbornness.
~d
LOL. I am itching to short this stock. ~d
Can anyone explain why CMG is flying and at new highs during CV?~d
I agree, it's weak and more bearish than if we had the correction before hand. Week after Memorial Day typically good though and I think this intra-day correction will be bought.
~d
Dr. Jerry, here's your three wave, wrapped up and tied with a bow.~d eom
:) ~d
How do you know it's predetermined? Just curious, not judging.
~d
Aw, shucks, Glen. I was posting it for free all the way back in March and the beginning of April.
LOL
~D
:)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155541647&txt2find=3270
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154841378&txt2find=327
This turned out to be a pretty good call:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155364399
OT: SO DO SOMETHING! Don't just sit there like a duck and wait for what's coming down the pike! Do something. Anything! It doesn't have to be earth shaking like setting fire to yourself in front of the white house or deliberately getting yourself arrested; it can be something like visiting, writing and emailing your congressman and senator and calling a few people you know to encourage them to do the same. Setting up a daisy chain effect.
Or, if you have the time and energy, staging a rally or starting a petition.
I have never seen such passivity in my own people in my entire life. And this situation is HUGE, it's gargantuan. People will just tweet something or post something and then feel we've contributed something or their moral duty is done.
I apologize if I'm offending you, I have no wish to do that; this is a global post and I've been guilty of it myself.
As all of you know I don't believe there is a pandemic and that this current crises is New World Order implementing Agenda 21 in a big way. You don't have to agree with me. Of course you don't have to agree with me. But I I have very little time these days. And I was feeling more and more helpless and hopeless. So I decided what's important to me among other things and what is managable for me right now is that I want to get the message out about what I believe is really going on and inform people, as many people as I can and I set about thinking how I could do it within my time restrictions.
So I went out and bought something like this on Ebay.
And when it arrives I am going to write in big black letters on it, "THERE IS NO PANDEMIC", and "ASK ME WHY". I will have leaflets to distribute with info and links, if anyone does ask - and I'm sure they will.
It also happens to satisfy that idiotic mask requirement.
The reason we have rights today is that our fathers and their fathers and their fathers before them fought and died for them. And we don't have to just watch them taken away while we tweet and post.
Best regards to the board.
~D
I don't think so, actually. 2870, if breached, 2774 and if breached, 2640 to 2558. ~d
I went over charts last night and published two of them.
Despite my call for 3270 SPX in August (Hurst projection of 3664), I still think a good correction is in order within the next week or two, at the very most three, and starting possibly as soon as Monday. However, the week after Memorial Day tends to be somewhat bullish.
This corrections is due, in my opinions, even with the Fed's ongoing action. If we don't have one, it's much more bearish going forward than if we did.
Those who asked my opinion on various stocks, it still aligns with June expiry puts for the upcoming Hurst low, or early July puts if more conservative, and longer term (August) calls. And then day trading around them as one sees fit.
There was good sized dark pool selling on SVXY on Friday. I have stated a few of times that it is not good that it is lagging so far behind the SPY.
It is very difficult to objectively evaluate stocks while market is open, or soon thereafter.
Cut to about 6 minutes and 10 seconds in if you're impatient. Just walked away from posting on Twitter because of this.
https://reclaimthenet.org/project-veritas-twitter-hidden-camera-conservatives-bots-algorithms/
Nope, busy. There's always your hand...
Went long at 10:30 am, Sherlocksky. eom
Wish, I really don't know. Sure, it's a little overbought. But it is doing well over all, chart is beautiful and the %K MACD on a 39 setting on TICK/Q, (Nasdaq advance/decline ratio on ToS) trended quietly up, all day today.
And bottom line is, there was no follow through on that dump last night, except for a minor drop down.
So as I said, I really don't know. Same thing I said to Nas, I would hedge all over the place with longer term calls if if I were I shorting.
And people were constantly on Facebook the past three months as well as streaming movies.
But don't go by me. I make mistakes all the time, and so does Sherlocksky over there, who was showing off like a bantam rooster today.
~d
Sold to open, 301 puts 5/29, 10 contracts @ 2:39pm today, lol.~d
I'm doing the wavy arm thing today, Setting bets for next week. Selling calls, buying longer dated calls, buying puts, selling longer dated puts....
~d
I know! Hey, Nas, buy those puts. Don't listen to me, lol.eom
Nasaravi, you could be right, and in fact, all tech is lagging today. But be careful. What were people doing all these past few months while at home?
Watching Amazon and Netflix.
Looks close to bottoming out on longer intra-day time frames like the 4 hour, and a lot of support at 400.
If it were I, I would probably actually test the waters long if it held on Monday with actual shares or August dated calls, add to them if it hit 400, and also buy some June 17 or shorter dated puts for the June Hurst low, which I would trade in and out for s/t profit.
Something like that.
But I would wait till Monday. I've seen tech play catch up before in a hurry.
Or a gap down Monday to 290/1 and then trend up.~d
I would be so much happier for the bul case if SVXY was outperforming, not under performing the SPY and also, the unfinished business at 291.
Could mean general rally next week with some nasty downside surprises, either next week or week after.
~d
Maybe, but it's getting lower and lower in odds for today. It could be that if we grind higher, that 291/287 will be the Hurst June low and not lower.
I am getting more and more s/t bullish for next week. Have s/t calls and later term puts lined up.
Best regards.
~d
Still.. there's some unfinished business at the Globex low at 290/291, just like yesterday's low of 293.50 was unstable as it had been untested s/t.
Downside potential used up during Globex and h=ave s/t 300 calls against later dated puts for June Hurst low. Week after Memorial day (forgot about it) usually good.
Amazon chart unbelievably bullish.
Will be interesting to see where that June Hurst low ends up.
Still think we see at least 3270 by end of August. First said it in March, now it's not so far away.
Nasaravi, the the energy for potential downside action today was 'used up' during the Globex session. Looks like 295 could be the close, thereby burning theta both ways (good call, Rcks!).
Just watching and have a few short OTM call spread going on for Opex.