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There's no guarantee it goes under $300. Protect your gains.
I think it would be fun to do a weekly gain/loss for the entire board collectively, that would make posting here more engaging. People would lie though.
Looks like the whole board is making money today. Lol.
Would be up another $2.5K if I had held. Meh.
Schwab doesn't even list option trades in that format anywhere on the website, LOL. I just checked all the different ways it shows you your trades.
For the record you've never posted any proof of your trades. You just say "sold puts" "bought calls". I'm sure many here feel you lack any credibility because of that.
STC @ $314.20. +7%
Expecting a move above $314 shortly.
Bought short term calls here at $313.60 for a daytrade.
Hourly is at top BB resistance but above vwap, I think theres no trade here right now. I'm sitting on hands watching this.
What strike?
These prices have no connection to reality at all. Essentially a Ponzi scheme at this point.
There clearly seems to be some agenda at work here. I don't think this is even a bear market rally or just a rally based on Fed inflatiion. It seems as if some entity "wants" the market to go as high as it's going for some unknown reason. Whether for political, non-political reasons or otherwise is unknown. But there seems to be something going on that we don't know about.
When I mod this board properly people start rioting on here claiming I'm suppressing free speech and don't have the right to delete their posts. I would love to have people stay on topic all the time. There's no way to keep everyone happy. If I mod aggressively I'm a tyrant who's suppressing free speech. If I let people post whatever, I'm "not doing my job". There doesn't seem to much of a middle ground.
thanks man, same to you.
Yes! Made money on both sides. Really happy.
5/29 $202C $0.68-$0.97.
5/29 $201p $1.10-$1.30.
You're spot on man. Either he's an institutional trader, or he's lying.
what? are those naked calls? wtf that's crazy risky.
Always takes this guy a half hour past scheduled start time to speak. Sigh.
Sold the call side @0.97
Yo NETMAN, I bought both sides of a trade which I usually don't do.
5/29 $302C @ $0.68.
5/29 $301P @ $1.10.
How would you exit these in this situation?
Bot 5/29 $301p @ $1.10.
Bot 5/29 $302C for $0.68.
Just be honest this boards useless to ones trading. I'm sure many others like me just come here for the social aspect.
I want to get puts here but I'm concerned about a spike after the press conference.
I think we just saw THE top of this rally yesterday. Looking at how extended the weekly chart is, I feel confident next week will be a down week. I'm gonna be adding puts on any bounce higher today.
Sold June puts here bought yesterday +30%. Entry at $305.30 sold at $301.80.
I went green on the day Woo!
Yes but what exactly is he going to say about China that the market will care about? increase in tariffs? I'm thinking it will be about blaming them for COVID-19 and I doubt the market will have a big reaction to that.
Anyone have any valid reasons to think the Trump press conference won't be a non-event? what is he going to potentially say that would tank the market?
Another gap and run would be crazyyy. I closed puts I bought at $304.30 for a loss and bought a different position at $305.30. I'm holding into tomorrow.
I'm debating whether to close out all puts now or hold into tomorrow. Do they have the cash to gap this up yet again? when does their money run out? never?
ok I'm close to capitulating if it goes up anymore. Good thing I been sitting on the sidelines most days. I jumped in today thinking we would finally have a blow off top. This chit's crazy.
RSI5 on the daily now 82. I'm staying short. Rolling out puts I bought today to a longer expiration. We will get a 1% down day in next couple days.
You don't speak for a majority of the board, but carry on.
Yep I see it now, will be 4 hours of trading in a 20 cent range.
Turns out the fed did announce a plan for "unlimited QE" on March 23rd, the day of the market low. Here an article.
https://www.marketwatch.com/story/fed-saying-aggressive-action-is-needed-starts-unlimited-qe-2020-03-23
It's official. The fed is in fact injecting unlimited money into the financial system to prevent it from blowing up. Any logic for why this shouldn't keep going up does not matter at all.
I did it based on some indicators though not "just because". That's how shorts been getting hurt.
RSI 5 on the daily is at 79, which is a signal to go short. It rarely stays above that for more than 1-2 days.