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Very interesting. I am already seeing the scenario personally. vaccinated people, minor symptoms less than or equal to 5 days. I had on dec 23 and had for 5 days. one of my friend same 5 days. most of my friends with booster had only 2 days. some of the kids are asymptomatic and i wonder if they had some kind of antibodies in last 2 years with minor infections.
Are you looking at 15 min chart for these waves. I try to trade 3 and 5 waves. I always gets wrong on counting. why would the first 3 candles is not 1st wave on 01/10?
It makes sense why some good traders just play calls/long. Be in cash instead of playing shorts/puts.
Actually if you see daily/weekly charts it's easy. but lot of retail people over analyze and overthink and see short term charts. less than daily charts and then after the fact just repent on missing it.
Need good buy program to take some of them to 8 day ema.
Thank you for all posts...
Happy new year. I like the simple patterns you always post. I am going to follow these simple patterns more this year.
3rd low,big H. can you list the ones you always talk..thanks....
Seems super dovish.santa rally back on?
One thing it bothers me is, these central banks underestimate people behaviour. people are more strong than what this stupid fed thinks and micro managing monetary policy and ruining everything. look at the housing prices.insane. wage growth is not that great but everything else insane prices...unbelievable...
This jpow throws so much uncertainty every fed meeting. not sure why he is getting second term. no clear communication even after 4 years.been following fed closely for past 11 years and probably jpow is the most uncertain communication expert.
So true.Looks like we have to use different chart timeframes for different markets. may be based on Vix.
MSFT.huge move in last 15 mins.
I bot fb,amd,baba,msft,mrna calls yesterday eod on the 60 min set up breaking recent swing high. i looked at roku yesterday and hesitated. fb had a good run today but roku was beast.
I bot this at 5.5. did not see 3543's was prior resistance on chart.should have taken gains at 11$.
Now i know why you enter on break above the recent swing high point. it doesn't change the trend until that happens no matter what other indicators say.
Actually only indices and faang and some other few stocks. but lot of other growth stocks are down 50% or more.
Darn..had msft calls after you guys posted but did not hold overnight.
Looks like yesterday was a buy on 60 min chart for tqqq?
Yes. every rip is being sold off.
Yes.of course return of jpow 2018. I do not know why jpow is getting 2nd term.worst fed chair. He creates so much uncertainty and volatility. Janet yellen was much better. If it was omnicorn then every new flu version would have caused this.
If it bounces at 4520 level then there is possibility of Big H pattern?
Looks like we are already at 5% correction from highs.
jxyz..hope you are ok
If you see in september when it gapped up it went all day up to 90$.
Very good call. Boil up 13%
one thing i learned in all option strategies is just keep it simple so that it's easy to manage. all these spreads/iron condors etc is too much wasting brain cells.
1) follow the chart and buy cheap calls or puts
2) like farooq if you own lot of shares just sell covered calls or 3) sell puts even further strikes to collect premium if you really like the stock once it falls more than 5 to 10%. even if you get assigned you will get a good price.
I met a nice guy in my tennis class who works for 1k employee hedge fund. all he does most of the time for his clients money is 2 and 3 above.
My go to strategy is number 1.
Not only that. they are re-classifying them as green energy.
https://www.ft.com/content/e6426194-21e6-49c4-9520-97c337b350fd
I was watching it and before i decided to buy went up crazy...dang...roku might do that too.similar setup...
Unfortunately i did enter early like on monday eod on some positions and did not hold for big gains...
opex rally. better late than never.
opex week.inflation ok.ports opening 24hrs.fed minutes. perfect time to blast up.
As you said its Opex week. Last year markets ran up week before opex week. this year not yet. either it needs to go up next 3 days or fall just like last year. i want it to go up.
Opex week. Last year markets ran up week before opex week. this year not yet. either it needs to go up next 3 days or fall just like last year.
Basically our short one has more time value still. it will start losing probably on monday. my short spy 433 call is at 10$ instead of 8$ total intrinsic value.
Calendar Spreads are when the iv is low and the gains will become more when iv increases as long call with long duration will have more increase in premium. watch this video at 11.50 minute he will explain.
Yes 2 months is a good time. calendar spreads are for low iv environment, not sure how it does in high iv and even tastytrade is shocked when back tested this. watch this vid.
Interesting...one scenario i am thinking is a worrisome. you have long 219 call. if it drops 5% like 11$ as you said when you sell .60 delta if that strike is less than 219 then it will become like a credit spread with diff expiry. market goes up and if it breaches the short call and of course 219 will also rise....what will the outcome be...
I opened diagonal in the morning on spy.
bot nov 05 430 call for 10.12
sold oct 15 433 call for 4.26.
Total debit 5.86.
Will update what will happen.
Are you still long spxl and Tqqq?
Thanks...now if it goes way out of money on drop like that,selling .60 delta will become a credit spread instead of debit spread. am i right?