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Yep, but then it dove again. Not looking good.
Lol may come from a fund for land line expansion???
Gee you think? Landlines are being completely phased out and they would rather add another tax than pull from existing dollars for a project that should be terminated. Go figure, sounds about par for the course.
I’ve been trading $spy exclusively for a few months and am getting my clock cleaned. You hold 5 seconds too long and you really get punished.
Biggest problem with some of the individual stock plays is liquidity induced bid/ask spreads. Sometimes you take such a huge haircut on the spread that it’s hard to overcome with price movement.
Going to try and stay away from the indexes and stick with individual equities this year. Thinking that will produce better results. I just neeed to be careful with liquidity because I was burned badly on both TRUP and STMP last year with winning positions that turned into losers because I couldn’t overcome the spread in my timeframe despite being ITM.
Agree. Lately trading indexes has been no bueno for me for this exact reason. You can do all the TA in the world but you can’t account for a random algo rip that ignores all logic or a bogus tweet on fake news that moves the market 4% overnight.
Going back to individual stocks and near or ITM options for some stability lol.
Wish I would have tailed this one.
Grabbed some Feb puts for a quick scalp mid day. Holding overnight to see if we get a little more correction before another run up. Don’t really have a strong thesis for this other than intraday price action, overbought territory, and a couple of candlestick formations.
Might have to exit quickly tomorrow if it doesn’t go my way.
Same, I can pretty consistently pick direction and timing but I get burned by holding too long or trying to hit exact OTM targets.
Been sticking with near or ITM options to reset for a while. Market is too volatile for me to constantly play lotto or relatively deep OTM plays at the moment.
$STMP that’s a nasty looking death cross on the daily going into next week.
Ameritrade is horrible. Never had these kinds of issues with Scottrade.
I'm convinced their general market values per position and portfolio are always off as well. Don't seem to go off bid, ask, or last traded as far as I can tell.
Last major outage I got a bunch of free trades which is the only reason I haven't switched over to someone else yet - but I'm about one technical issue away from doing it. Just not sure who to switch to.
I have an option express account but I don't really use it, execution was great but rates were fairly high.
Probably not a bad idea to get out. I've been repeatedly burned by $SPY in both directions the last 2 weeks.
Whip saws with very little notice and often for no clear reason.
That was some really weird price action...
Only thing I can think is that there was some propping going on and maybe that since the offering has yet to be completed the price is not reflecting just yet given how thinly traded this is. Can't really make much sense of it.
Can't really make sense of their purchase either given that they are spending $65M cash to save $2M a year. Definitely seems like they should have better use for their money for the PV/FV.
Nice call on that one. I was late to the party so going to stay out, but looks like a good setup.
Well, as soon as it passed about 280K in volume it started dropping.
Way higher volume than normal and option to purchase was about 270K. Kind of underhanded if that is the case.
I'm wondering if they are exercising their 30 day option at open to try and prop the stock price... Only thing that makes sense.
Pretty sure you have to own the underlying to collect any dividend. Would need to exercise by ex-div to be eligible.
Yep, beat me to it.
Kind of a weird filing - never seen one quite like that before, but I don't peruse them often.
Looking like 4-5% dilution off the top assuming all $60M sold.
Interesting that insiders were able to unload through the run up with this pending. Must have been pre-arranged sales.
Any thoughts on that filing?
One of the weirder ones I've seen given that half of it is blank. Looks like they are buying a $65M building for $55M in cash and $10M in stock.
Based on their last quarterly, I'm assuming a good chunk of that cash is also coming from stock sales, which is probably why they are registering for $60M.
Just saw the potential offering news as well...
$TRUP Continuation today, more or less stuck in my puts at this point due to how thinly traded this is.
This is really the first time this run up we have seen any sizable pullback from intraday highs. Hoping for my sake that signals a bit of a reversal, still within the broadening formation more or less (depends how you draw the lines lol).
Great run though, I clearly should have held onto my calls a little longer.
I Like it long term, just don't really like the chart right now.
Good or bad, it moves quickly.
$TRUP Could be wrong but this one is looking like a classic megaphone to me. That coupled with it being deep in overbought territory and I think we could be in for a big correction.
Rode it all the way up from $29 and have been on the sidelines since about $38, have been watching for a time to buy some puts - added those today. If the megaphone holds I think we could swing down sharply.
But who knows, the markets have been all over the place for the last week. Almost un-tradeable.
Same... appears I missed another 100% but it happens - especially when the trading platform takes a dive.
Ameritrade back up right after I sell half my positions to hedge against the app failing too. Unreal.
Out of $IRBT from $.62 to $3.50. Great call on that one. Too bad I couldn't watch it play out, had to trade from the mobile app so didn't want to risk the gains if that went out too. Unreal.
Got a whole 100 free trades for my trouble while I watch positions melt.
TD Ameritrade down AGAIN. Has to be the worst online brokerage out there. Going to have to start trading out of my option express account. Holy crap. Stuck in about 10 active positions right now.
I'm still watching this one for a reversal. Seems like it's running out of gas. If it can break 36 maybe chance for new ATH
Monster call. In at $.62 at open, sitting at $2.10 half an hour later.
Everything on my watch list got demolished into the close. Wow
$cmg is the only one of my plays moving today . Everything else started out strong and has stagnated end of day.
Re-opened $AGN weekly 180's, got crushed off the 200dma. Was either a buying opp or a big mistake. We will see, will have to watch closely.
Thanks!
Yeah, will have to watch it closely. Could just as easily set a new ATH. Will find out next week!
$TRUP out of my JUN15 30's from $.60 to $5.20. Definitely got worked over on the spread, had to sell for less than intrinsic value. Hard with how thinly traded this is.
Looking a little unsure of direction. Added some JUL 35 Puts. May regret that on Monday but we will see.
$AGN out my JUN29 $180 Calls - $0.40 to $1.20
Might be kicking myself on Monday but have watched too many plays turn to dust this week chasing max return.
Wish I could just float the exercise amount and sell, but too many options to afford that lol.
Thanks! Those will be nice if it breaks 35, when I picked them up it was about 28 - 35 strike was a bit too far off for me.
Problem is it's so thinly traded the bid isn't even at fair intrinsic value, let alone time value. Kind of nuts.
Not sure I will hold last tomorrow's shareholder meeting but will depend on the price action I guess.
Looking like it might want to retest $37. Sitting on a number of JUN15 $30's I picked up for .60!
$TRUP looks like there might be some expectations surrounding the shareholder meeting tomorrow.
$2.50 B/A spread on the JUN15 $30 call options. Very thinly traded but that seems a bit overdone.
$TRUP might have to jump out of my calls EOD if this cant close green. Not sure what to make of that candlestick but it looks like this may head back down for a little while. Hard to tell.
Looking like it might be running out of steam.
Not much volume traded above $33 I don't think, but it's enough to paint an ugly candlestick.