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This guy is legit 😂
9/22 Thread (General):
So another flat day huh!!!
HOW DO I SELL MY PURCHASED OPTION ON FIDELITY?!
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Alright big week, high IV. We have the following setup:
-major indexes remain at higher levels after repricing based on the last inflation print which showed deceleration
-markets expect a .50bp increase from the fed
I fully expect the fed to go ahead with the .50 and I fully expect to see continued deceleration in the print.
I say this based on
-energy prices lower than expected for winter
-housing prices cooling
-true read through of the jobs data shows fed is not breaking the economy, more ‘resignation’ people returning to work is GOOD news for softer landing and fed credibility
I think we will have some vol crush, so looking at a bearish option trade but my long portfolio of heavy dividends (staples, finance, energy, industrials, materials) is still near ATH and I’m letting the longs ride.
That said, what are the tactical bears in this group buying this week?
My vol call didn’t work out bc I held too long but everything else has played out as hoped.
I’m raking in more dividends than ever before based on value positioning and will probably just continue to deploy capital going forward especially if we dip further post-Santa.
I think any Q1 any volatility / downdraft that rolls around is time to go heavy
Coach
My put orders triggered in the morning and they seem to be up nicely by eod :)
If only I had gotten more
Not a Tsla moonboy by any sense, but what if this was all just a retest of the breakout in 2021.... JK
I would love to see it back to 50
Coach
I can see it touch 150, possibly lower. Any good news on the horizon?
Mid morning short was rewarding. I did a very small scalp AMD. Shorted shares at 74 and bought 70P OTM put for Jan. Bought back shares and sold 50% of my puts.
Coach
A win is a win
Bonds and Dollar holding while the rest of the market sells off. Back to normal risk off behavior.
Although the VIX is being supressed, I would have expected a higher VIX based on the moves of the past few days
Subject Expert
M1, you could get a relief rally.
We saw great rallies this week and last on actual news and they lasted a couple hours. The economic data on retail sales and PMI Thurs and Fri is bearish and the LT unemployment rate is now up 3 months in a row.
The Santa rally isn’t guaranteed…
Bowl Leader
Took $0.02 90 DIS calls today for a 1000% ride.
I was trading in and out of it last week. Had a solid drop to support today so when it was trading at $89 around 2pm I decided to take a gamble on a late day rally back. Market also felt ripe for a late day bounce back given it held the lows of the day well.
Bowl Leader
Was holding a large leveraged short position on BTC for almost a year and a half and cashed out all but 10% of what I hadn’t bought back yet two weeks ago. Didn’t want to be at risk of a liquidation so I had to ensure I had plenty of cash on hand in my Kucoin account. I saw an opportunity with the recent market bounce to shift the funds while there is a huge degree of uncertainty in next crypto move.
This feels reminiscent to the drops in early 2018 and late 2018, guessing by late Feb/early March 2023.
Coach
Cashed in on AAPL puts from yesterday for a 40% gain. Maybe I should’ve held longer
Coach
STA - how are the spy and AAPL charts looking?
Coach
I was expecting aapl to hold the 140 mark. Kinda scary to see it go to 135 right away
Coach
Thoughts on buying Tesla calls for a bounce by tomorrow?
If you liked TLT yesterday you'll love it today ... lol. This 106.5 area was the better entry, hard to see on the chart but a longer term support/resistance
What does this mean in lamens terms? I feel great but not sure if i should close all my february 17th puts now or keep holding halfnor more.
Subject Expert
I’ve been trimming and closing shorts all morning. Most of them are down to minimum sizes now.
I’ve done well managing the volatility this week and I’m fine with getting lower exposure and cash to redeploy next week.