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FAS double bottom formed at 77.20. If it successfully turns, we should see a bullish day tomorrow!
I'm looking for calls to hit .50 tomorrow. I'll probably sell half at that point and see how the rest play out. Hope you get your money back!
LNKD will be green tomorrow too.
- Up 1% and the markets are down
- Daily MACD is about to cross
I'm holding LNKD 100 calls overnight for the boost tomorrow!
Yes, I think I'm familiar with currencies.
USD falls = stocks rise
UDS rises = stocks fall
Bond yields move higher = stocks fall
Bond yields lower = stocks rise
Or do I have bonds backwards?
Question for experienced ETF chart readers:
What charts do you follow when trying to get a feel for intraday market trading? I've been following SPY and VXX for a bit but my knowledge is very low. I've been trading technicals of specific charts for a while and would like to try and begin identifying market turns and how it affects my options plays. Any advice?
Ouch, GRPN calls = no bueno. GLTU
If LNKD closes above 95 today, strong possibility of a move up tomorrow. MACD is about to cross on the daily chart and all previous crosses have yielded multi-dollar runs north.
I hope so! I'm trying to sell my 33 puts before they expire worthless! .05 is better than 0!
What PPS you in at on these LNKD calls? I picked up a few at 100 (.15).
ARNA about to consolidate lower? Thinking about Jun 8 puts...
Out at .50 on my GRPN $10 puts. Bought them at .35 and was hoping for the low opening. Hope it continues to dip for those still in on puts side!
GRPN still has to close gap at 9.75 tomorrow. I expect a sell-off tomorrow morning to 9.75 and then we will see if the dumping continues.
GRPN 9.75 close IMO. Would close the gap on the 60min chart. If it doesn't close at 9.75, it will hit it tomorrow for sure. I suspect 9.25/9.5 before bottoming out.
BOOM! GRPN falling
Disagree that the move is priced in. When GRPN takes its next dip to 9.5, it will likely bring the options to .5/.6 range. Options tightening just because GRPN is still fighting above 10 and time decay is having a small effect. JMO
GRPN trying desperately to hold $10 again. 25k on bid but GRPN looks to be fading again. I'm looking for LOD close and that should propel a dip to $9.50 or less tomorrow.
I think GRPN 10s are a slightly better deal right now. I just saw someone buy a ton of GRPN 10 puts. I agree, I see this heading south to $9 soon.
Out NAV @ 1. Nice 150% gain! GLTA still in, hope it continues to tank
NAV puts are loaded right now...I think everyone is expecting another wave of selling.
If GRPN breaks $10, should hit $9 quick.
AAPL 560 coming?
Well there's also the matter of similar high-end luxury retailers citing rough economic conditions as they lowered guidance. I think earnings and guidance have to be almost perfect in order for there to be a move higher. Analysts are expecting a strong quarter and anything less than strong could be catastrophic in price. Couple that with the lock-up ending tomorrow...
Agree. Late day sell-off seems like a solid indicator to me that people think this might head south on a slight EPS beat/low guidance OR slight beat/low guidance. It tanked almost $2 from HOD right before power hour began (and into PH too). Even if there's a slight jump tomorrow, I expect that the lockup will kill any potential run and tank this a bit. If they miss EPS/revs/guidance, WATCH OUT!
KORS - huge selloff before close. Was at HOD almost an hour ago. Now red for the day.
Stock is trending higher intraday and calls have evened out. I'm still sticking with puts because the high-end retailers have not had a great earnings quarter. The stock is also in a downtrend and some bigger holders have decreased their positions in the last couple months. They increased estimates mid-March and so not hitting their mark would be devastating. What's your opinion?
KORS - major put buying this morning but calls are being bought up this afternoon. Will be interesting tomorrow morning!
Anyone else playing KORS puts? Lockup + earnings selloff = $$$
Just deciding how much to load the boat. Looks like the stock is being manipulated higher for puts to become cheaper ahead of the call...
AAPL 560 just broke so I'm out of my calls for now.
60min MACD looks to be almost positive. If the USD crumbles and the market rallies hard, AAPL could turn huge. I'm in a few @ 580.
Worst case, I'll be out tomorrow afternoon and this will be hovering right at $9 still. I can't see a huge buying spree to push this north anytime soon. I'll still be looking at a modest 30% gain from where I got in, so I can't complain :)
I'm holding Jun 16 $10 puts. I wish I were more bold but I wasn't completely sure if GRPN would make a stand at $9 or not. Now I wish I would have bought Jun 8 puts at a lower value but I think I will stick with my moderate gain and lock in profits tomorrow afternoon when this is around $8.00
Look for GRPN to close around $8.85 today. It will be close to the 10% drop but it will stay above IMO. You'll probably see a FAST drop tomorrow morning to $8 and another circuit breaker, halting the short sales of GRPN again until later this week. This trend will likely continue for a couple weeks (or until the market find its bottom and posts consecutive positive days)
Maybe Cuban shook the tree to buy more cheap?
10:39a
Hearing Unconfirmed Chatter Mark Cuban is Buying More Shares of Vringo (Benzinga)
No, what I mean is that FB is the flagship for their sub-market (their niche). How they perform will be amplified through ZNGA and GRPN as well. GRPN is worse off than ZNGA tho, since 600m shares are unlocked for potential selling. Regardless, it's a great situation for those holding puts imo.
FB is the flagship for the market, yes, and I will look to it for the overall trends within the subset of the market. I don't think FB will drop below $20 but GRPN/ZNGA are dead companies walking imo. They are just fads with bleeding bottomlines.
The last major fall GRPN took, it was from $19 to $9.5. Now they have started their fall at $12. That's why I say $6 but I have seen estimates all over the place. Their quarter was BARELY positive (EPS) and they lost money overall (again). There's no amount of pumping that will save this company in the near-term. I'm licking my chops!
GRPN is going to $6 imo. The lock-up is over and people are going to sell heavily for the next couple weeks. This will march slowly down and I'm holding some $10 puts! $$$
Reversal doesn't matter - GRPN is going to plummet another 10% tomorrow. Traders will be able to short sell this POS!
AAPL falling wedge pattern on the 5min chart. I'm looking for a breakout later today.