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I'm positioned well, even if it's just a slight downtick to $15. I'll be able to get out at a profit. From what I've seen, that share buyback looks new. I'll have to do some more DD to confirm.
I also think the massive SPY buying at EOD was to prepare for the EU summit on Thursday and Friday. My theory is that the market will have another green day in the morning, fade in the afternoon and then go red-red to end the week. You'll see massive tankage if the EU summit produces nothing.
HRB will likely sell off in the morning if the guidance is poor on the conference call. They missed on revs and had to spew out some share buyback nonsense to deflect from their miss. The street should beat this stock down tomorrow unless they pull another rabbit out of the hat on the CC.
$X .08x.09 :(
Good call on the .07-.12, though! The technicals would suggest that X is in for a decent day this week. I have a few contracts as a tech play. Thanks for the alert!
Yes, agree. I just can't see how HRB is going to rise unless they give stellar guidance. Q4 analyst estimates put a consensus average at 2.36, WAY too high IMO for HRB. I'm going to roll with the volume this time and see what happens. Knowing my luck, they will beat top and bottom lines and spike +10% AH lol
Yeah, I'm in on HRB. Took some 15 puts just to see what will happen. I expect they match revs but guide lower or some craziness. Just a few contracts for the lols.
VXX 16w puts now .24x.25!
PS: VXX has moved from HOD @ 17.35 to 16.88 and looks like it will continue to fall. Any large market rally this afternoon or tomorrow and this will see 16 really quick.
Bought in @ .15, currently .20x.21
Sold out of my AAPL calls and took a small loss. Technicals weren't turning as I thought they would so I will continue to watch. I bought the VXX puts and will ride the wave back down. Anything that the markets deem positive will spark a huge rally IMO.
I think AAPL will go higher today.
In some AAPL 580w calls.
Wow, got out of my VXX puts at even this morning! Thank goodness for the gap down...was a bit worried last night. I'll be looking for re-entry later today.
I agree. I'll be looking to sell quickly if I get positive tomorrow.
Looks like another red day tomorrow unless U.S markets rally in spite of these downgrades. I am holding VXX puts - not looking good...
FAZ, SPY, VXX, $DX look to be turning soon. Could see a rally at EOD and I'm expecting a green day tomorrow. VXX could retest 16 so I am in on some puts as well.
I think SLV could hit $27 this week. Would be a nice triple from this range.
SLV looking good going into next week! I would have kept my VXX puts if I would have known that it was going to tank in the last 2 hrs but oh well. Learning all the time!
SLV - holding into next week. Should rebound nicely after testing $26 support area and bouncing a bit. If it fails, I'll quickly get out and jump into puts.
JB, which GOOG puts you looking at for next week? Death cross just hit on the daily chart so it should see a move down here IMO.
I sent TDA a message about trading in a cash account and they told me that I would still be subject to the 3 daytrades in a 5 day rolling period. Should I still go ahead and have my account switched to cash? I'm only interested in trading options exclusively on TDA so I think this strategy would work...
Rainmaker, what's your take on when the settlement may come? The judge provided a key win for VRNG/IP litigation team, but I was surprised by how quickly the judge rendered his decision. DO you see a somewhat speedy conclusion to this or do you think Google takes this to the 11th hour before settling?
Can someone provide me with more information on trading options with a cash account? Can I really daytrade as much as I want without the potential of being flagged as a pattern daytrader? I'm trading in an account with under $25,000 and I would feel much better if there was a way where I wasn't locked into options if I use all my round-trips for a given 5 day period. I'm using TD Ameritrade if this makes any difference. I currently have a margin account but I will put in to have my account switched to cash ASAP if it means I have the peace of mind that I can daytrade with settled cash. Any information would be EXTREMELY helpful :)
My poor VXX puts :(
I thought the bottom was in when the DJIA was -170...wasn't expecting the DJIA to keep drowning all day. My lottos are almost worthless now but I will try to salvage in the morning. Trading with an account under $25k is ridiculously tough, especially if you can't get out of these types of trades because you've already reached your weekly day-trade limit (3 in 5 days). Oh well, on to the next trade!
I'm seeing a rising wedge on the 5min VXX chart - reversal coming?
Just a feeling I got from yesterday's FOMC results. I'm playing against the technical wave atm, but I don't think the market is going to sit on a -200 point loss through EOD or EOW.
I have puts...VXX puts ;)
Yep, I would gladly be happy with a slight rally this afternoon and then a big rally tomorrow. If VXX could end around 16.50 or lower, I'm probably still ahead for tomorrow.
Come on, RALLY you POS market! LOL
I'm in at .10. Looking for a rally and drop through tomorrow.
Thinking about grabbing some VXX puts here. Market tanking but should rally in the afternoon and into tomorrow. I got a bullish vibe from yesterday's results.
I see this dip as a perfect opportunity to load the boat. The timeline presented to us has obviously been accelerated and I think a potential settlement could come before August 18th. I'm specifying that date because I'm now loading August 18th calls as well for the impending spike that a settlement would bring. Besides that, we will get a considerable spike when the merger is completed (late July). I wouldn't want to be out of this play at all. The closer to trial, the more likely a settlement occurs. Google will want to nip this in the bud and not risk a triple damages award to VRNG/IP. Rainmaker has always been spot on in his analyses and he's not wrong now: VRNG will be a huge winner in the coming months.
I ALMOST pulled the trigger on 16 puts right after the run up and run down but I decided that it would settle around 16.50 EOD. Blah, would have been an easy double too. Oh well, I'll be back to playing individual stocks tomorrow. I'm not a VXX pro player so I will only be trading it around larger market moves.
FAZ is turning around a bit - could see some added bear pressure in the coming hours/days. Probably not for too long, though. The market will continue its ascent next week IMO.
And right as I type that, market sinks a bit and VXX spikes to 16.63. This market is crazy!
I think VXX already gave us the good run. Unless something major happens in Europe, I don't know if VXX weekly calls are going to get back to .40 range. Been watching it all day and it's struggling to maintain 16/16.5
VXX bottom looks to be in until later this afternoon. I can't see this dropping below 16. Probably ends at 16.5.
LOL I just want to make money...VXX helped in that cause today. If you played the swing both ways, you made a helluva profit! Hope you get out even or ahead.
In VXX .39, out .58.
No worries, it's just cycling before the FOMC meeting. You could play the waves but I am waiting it out until 12:30 EST! If the market breaks north, I'm going to try and salvage the position before it becomes worthless. If the market sells off, I'm expecting a $1-2 boost very short term.
Didn't expect VXX to run this early but I got in before the run. I'll be holding through FOMC meeting - I think the market is expecting some disappointment and that will be enough to spike VXX for a day or two.
VXX running - .37 to .44 in 5 minutes.