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1/27 Thread (General):

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A few comments on my top down walk of the big indexes and sectors

- SPY, QQQ, and IWM are showing slight RSI divergences on falling volume as we hit new highs - the divergences aren’t as strong as late August, but still there
- Percentage of S&P stocks above their 50DMA has fallen from 80-85% in Dec to 66% today
- Percentage of Russell 2000 stocks above their 50DMA has fallen from 85% to 77%
- Materials, Energy, Finance, and Industrials have all had significant RSI declines in the last week or two
- Utilities and Staples have rallied the last few days
- Interest rates are falling and the dollar is moderating

None of it is an obvious flashing red light, but collectively that feels like a good signal to trim the sales by taking some profits in winners, figuring out what should just be sold now, and getting the shopping list ready.

Of course great earnings by the big 6 could spark a new leg higher. Still, I’d want some cash on hand either way.

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Yeah. AMD did rebound a bit, but I’m OK with my move.

And the twin spin of AAPL and TSLA puts a lot of headline risk into the market.

This is probably a multi-day event as prime brokers will start to push on margin balances and their clients reevaluate risk levels. There are lots of good deals out there but I’m just nibbling at the moment.

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Anyone daring to do AAPL puts at close? At some stage I feel this has to be priced in after tomorrow’s run up.

JAMF has been running up the last few weeks left AAPL. GOEV could be total lottery play if AAPL mentions them for their EV cars.

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Need to look more later, but it appears as if the breadth is starting to dissipate. Financials are starting to drop. Some of the industrials are rolling over. May be a good time to accumulate more volatility hedges after offloading on Monday.

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Lol, you can thank the 🥃

Another interesting thing to note: the index P/C was 1.81 today. The last 6 months when it has exceeded 1.8, the SPY returned an average -1.2% the following trading session. Obviously not 100% guaranteed, but the extreme readings usually indicate smart money is hedging their positions for some downside price action.

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Yeah I scalped some SPY puts on the way down and VIX on the way up (after I had exited some in the morning). Still green on the day thankfully on my options account. Do you think we will see continuation tomorrow?

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I’d rather buy BB calls then aapl puts

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Craziest green(with the memes) red day in a long time. I don’t think many even relieE we are down 2.5%( I didn’t until now) it seems the technicals have us falling even more but we do have major ER so who knows.

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I thought about buying just UVXY shares.

That’s the move for me tomorrow.

Market is red what are we buying today ? Calls on tech?

Spy - if it can hold 377 that would be near the lower end of the channel

Out of SPY for 20% day trade. I have TQQQ instead that I will ride.

Also grabbed MSFT and TQQQ here.

TDA is still down but Tastyworks got me ok. Missed out on some gains but flipped my 8c for $8.00

I know... kind of regretting that one. I'm still sitting on some AMC and NOK but nowhere near the gains I would have made on GME if I held overnight.

It’s crazy to see no one is talking about TSLA earnings today. Obviously not playing but any guesses on what it’s going to do?

Oof. Nancy Pelosi is going to take a hit on her Tesla Leaps.

funny

BB!

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So i went downstairs and my doorman just told me he signed up for robinhood and is looking to invest. I told him: “stocks are pretty high. Be careful. I know you want to make money, but don’t risk what you can’t lose”. Meanwhile this guy next to me in my lobby just says: “put all you got in $Riot!!”

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Question - if you found a relatively sound strategy to generate 1.5-2% in returns weekly by way out of the money puts. Would you prefer that over buying options and investing in equity. Why or why not?

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Bought the call 39 min ago and now up 1000%. Sell??

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What was your first options trade?

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Going for gold tomorrow AM.... bought Facebook puts and will make 60k off a 7k investment if the after hours price holds. Taking 5k and investing in sub $0.10 calls tomorrow at market open....

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QQQ or XLK?

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My Funds will be ready for TSLA puts later this week. Only a short squeeze here. Extreme overvaluation will correct. The company is the future but not right now.

Based on current market conditions, here’s my IPO idea: an NFT maker powered exclusively by Tesla battery packs that only accepts payment in today’s new shitcoin. Expecting a $60-70B valuation.

funnylikesmart

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Down 1k on the AAPL and AMD puts. Still feel positive about the position. Plan on Keep holding.

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Love how the market jumps when Dems get full control. I wonder if people realize that chance of corporate taxes going up to 28% next year just went up exponentially....

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Do I buy more NKLA? I can see the stock having Tesla strength up until 6/29.
Any other thoughts or Yolos on stocks that might get a big burst like NKLA?

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9/24 Thread (General):

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Im one of many holding 4/13 puts. I think a correction makes sense but not sure holding for the decay is worth it as my puts are far out. You better believe trump is gonna talk up another stimulus.

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