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Especially from under the table on vacation ;)
Busy morning:
Sold 1/3 FEYE 15 C @.33 from .10 average
Sold AAPL 97 C @.55 from .13
Sold NFLX 98 C @ 1.60 from .45
BTO QQQ 110 C @.03
BTO QQQ 109 C @.06
And 7 day trades on AAPL and NFLX that's too much to type.
I'm using it fine??
Interesting: GOOGL
Google's Paris Office Raided In Tax Evasion Probe | Zero Hedge
http://www.zerohedge.com/news/2016-05-24/googles-paris-office-raided-tax-evasion-probe
NFLX - Here is what I'm seeing on the updated chart from the weekend. Price was stopped at the upper edge of the Volume-by-price band (this is overhead supply, AKA the "I bought here and will sell to just get back to even" crowd). It also happens to line up with the bottom edge of the cloud. BB are still pinching, need to see them open up, MACD opening up is bullish but still below midline. TICK and TRIN show some headwinds as the broader market was down at about 1.5:1 issues. I'll be watching the OI on the 95s closely. Could be a sideways consolidation, but a close over 95 and it could be 100+ in very short order.
Guess that's what you have to do when you can't move it during trading hours. Same story, different summer.
What’s next for the longest stock market correction in history? - MarketWatch
http://www.marketwatch.com/story/whats-next-for-the-longest-stock-market-correction-in-history-2016-05-24?siteid=rss&utm_source=tf
Hey beaner....back in the saddle. Arts and crafts time...updating charts
NFLX - Here is what I'm seeing on the updated chart from the weekend. Price was stopped at the upper edge of the Volume-by-price band (this is overhead supply, AKA the "I bought here and will sell to just get back to even" crowd). It also happens to line up with the bottom edge of the cloud. BB are still pinching, need to see them open up, MACD opening up is bullish but still below midline. TICK and TRIN show some headwinds as the broader market was down at about 1.5:1 issues. I'll be watching the OI on the 95s closely. Could be a sideways consolidation, but a close over 95 and it could be 100+ in very short order.
In AAPL 97, NFLX 98, FEYE 15 calls.....can't talk, wife is watching
Yo, taking a long weekend in the Keys, be back in the saddle tomorrow. May pop in and out today.
Sorry for the late rely, just saw this. IWM, QQQ, SPY, AAPL, GOOGL, NFLX, FB, AMZN, VXX are all very liquid names I'll trade on a Friday. Main reason, tight spreads, good fill on execution, and exaggerated gains on Fridays with depleted extrinsic value.
As far as when to trade them, I am a far better day trader than I am a swing trader. The formula is simple, draw trend lines, have pivots on the screen, sell at pivot rejection and exit on the next pivot. Rinse and repeat. Or, if the move is a false move, exit and trade the opposite. ATM or very slightly OTM only. ITM will work fine as well.
Interesting, last week large orders:
QCOM option vol may/june 52.5 calls vol total 34000 calls
Maybe Warren?
Would make sense. Some unusually large sharp calls bought into weakness all week. He wouldn't have to disclose it for another 90 days. If not Carl, someone or something.
No worries. Good to see you back
Potential IHS too....resilient stock
AAPL -Little Apple rapid fire chart storm. I'm leaning pretty bullish on AAPL in the coming weeks, despite where the broader markets go. Short term it closed right at the 61.8 fib and could rest 38.2 fib at $93 and bounce from there next week. It tested some very significant support and bounced quickly, breaking back above short term down trend line resistance. In the intermediate, indicators are turning up and MACD has made a bullish cross, although still below mid line. $97 short-term, $104 in a few weeks are upside targets. If this pattern breaks and price closes below $92, all bets are off and we likely see ~$80 fairly quickly. Long term is still bearish in a descending channel.
BTO SPY 206 C @.10
So now CMG is completely detached from the market...
Rough week for me...none of my swings worked, and I was constantly having to sell to honor stops. Daytrades saved my butt, but that's not a fun way to trade. Need swings work for Max profits. Tough with the market does it pick a direction
Flipped IWM 110 calls .15 - .40
Oh man...,,that could be an awesome put play
Sibilance, Sibilance, 1, 2, 3
Which brings us right back to the adult diapers. Vicious cycle we are in today
BTO VXX 17 Calls @.06
Everyone apparently flying to the safety of E. Coli burritos today.....wtf?