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They stalled there for a bit, but still going up
unreal, RAD is actually headed for STP!
Lag between moves in Stock vs. Option prices
I've been noticing that; Sometimes the underlying stock makes strong moves, yet the option prices don't change at all. It's a completely separate market, prices are based on actual trades which happen.
I guess it's the different mentality in the options crowd, it takes longer to react, or is it because of lower volume?
Guys, how are the SNAP puts going?
I see it gapped down large
You're lucky, Sam that is a real treat having seafood with your Dad on his birthday. Wow, 91 and living large.
What a great thing to hear in the morning, thank you :)
TV
That looks awesome Sam, and good morning!
You're planning a serious event, wow. Hope the weather is good and you get a big turnout.
Go James Cutlass!
Buckling swashes on a Friday
Good morning everyone! Good luck Kim, hope you get in on time and it doesn't take up the whole day.
Keeping an eye on SNAP, thank you for the great tip on the straddle option trade, Global :)
Thanks Blackshire, I will open up a separate trade acct
with one of the cheaper brokers. E*trade or IB, I'll see what they are offering - cool, thx
Awesome update thank you Sam!
I've been meaning to ask you how to utilize the Chart on the downside, you read my mind :)
I'm with TD up in Canada
Yeah I think there is a base trade fee, then some amount per contract. Similar cost structure...
Certainly hurts when you want to pick up hundreds of penny options!
My SLV and GDX paper trades just from today are up $150
:)
Thanks Globes - Q about Commish on Options:
Is it just me or are my options orders VERY overpriced?
50 Call contracts... $75
10 is $22.50 etc etc
NRG building steam!
Copy that, rest those limbs, Sam.
We'll keep an eye out for deals and loot :)
Very cool when it works!
Well if the Chart says elevator is going up, take a look at recent highs and set it around there. If it really takes off you can adjust it higher, lol
But if you have to get out and take care of business then it's best to err on the cautious side to make sure your sell goes thru
Morning, me Mateys!
Yes bring on more fire, fury and volatility. It does make things exciting and provides good trade opps.
Let's go Global!
:P
That's the way to do it, Kim!
Good stuff - so you set a conservative limit sell order on those VXX calls right?
That's the smartest thing to do when you aren't free to babysit the whole time.
I've set 'hopeful' or wishful thinking limit sell orders and went off to work. Sometimes find them not sold and the price dropped,,, left holding the bag.
I'm very glad that worked out for ya!
Sam - hope your surgery went alright and you are getting some good rest!
Thanks everyone :)
VXX certainly is diving already...but how far?
Just FYI - NFLX had bad news
Not really them, but Disney is dropping Netflix as a platform and creating their own online delivery channel going forward. So NFLX dropped like a stone. Great buying opportunity, you could see the chart turn around already at 09:30 this morning!
I didn't flag it earlier b/c those options are PPPPP-Ricey. Even with 50% discount compared to yesterday, they were still pushing $4 each
Good advice guys, any new hardware these days should have a solid state drive for the O/S. But Sam I would stick with the 'tower' or gaming computer if it's still working. Unless you need to take it with you, it can sit in your office and do its thing. More power for that big screen.
Global and others would agree - another screen would help the most
VXX gapped up, XLK down slightly,
Hope the Nasdaq stops tumbling for XLK to steady
The rumor of war is getting louder, stay tuned
Morning guys - and good luck Sam!
More hospital for you. It's been non stop this year. Hope it goes very smoothly, man.
North Korea, Guam, it's a crazy kind of time, people
Thx Sand and everyone! Lovely day up here, glad you are getting some sunshine there too, Kim.
RAD coming to life? Excellent, good stuff guys. I know you'll be keeping an eye on it :)
TTYL
Heading out on the bicycles today. Never got my motorcycle license... Not yet at least :)
Thx Capn Sam, I'll also check out some videos. Blackshire has some good ones, and I read that book.
Time to review the notes again, see where I went wrong.
Cheers everyone
Good morning everyone :)
Bike trip and some last minute errands today on my last day off.
I've been trying to keep track of your options to paper trade them, so thank you for mentioning those, everyone.
I really bombed on some of them last week!
Good luck to all my Mateys and I'll be in touch tomorrow :)
Hey to Herman the Turtle!
TV Guy
Dream of the blue turtles, eh?
Sam that is a great story, it's always great to hear about animals being saved. I hope the paint wears off Herman.
That put a smile on my face :)
Thanks guys,
I'm pretty busy until Wednesday, won't be on the good ship STP until then.
Good luck with the dentist, Sam. Hope they can get that sorted. Tooth pain is unreal.
Hang in there Kim, it's one day at a time.
Bye for now me mateys,
TV Guy
Thank you Sam, I've been meaning to read that over again. Good timing - thank you for republishing it!
Kim you poor thing, that is really tough to go through.
Like the guys have been saying, you have to remember that you really did your best to give him a good life and I'm sure you did. And he was a big help to you too!
Ahhh, we all love our Fur Kids tremendously :)
TV
Thank you Sam, we need some fundamentals!
I think trade execution is the main area for improvement.
Hope you have a good weekend!
The good ship STP is in for repairs hehe
Yes looks quite oversold as you might say, and ready for a bounce up
What he said! Lol
Sam that is awesome, looking forward to any guidance and advice on Options. As always!
I think there's a steep learning curve in approaching them. I got thrown off by long term expectations and expiry dates.
Trade them in accordance with The Chart and take the money and run :)
Good stuff,
TV
Are you thinking the Dollar is coming back strong?
Wow, a good example of watching nothing but the Chart.
There is so much noise and deception in the media etc - but the Chart can't lie
Every day and week is more education for all of us. We are trying our best and sometimes the market and The Powers do the opposite.
Keep on trucking, my Pirates!
RAD .20 move would certainly be excellent :)
Thanks Kim, you too :)
Yessiree Bob ;)
Ideally, more cash than yesterday lol
That's a stickie right there, thx Global!
Absolutely, my two yuuge mistakes were buying at the wrong time and holding overnight with a lot of these. Like with stocks, the Chart says when to buy and when to sell :)
Thx Global and Sam and everyone!