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Any 🐠 at #HRTechConf?
Her unborn son to be hailed as "Associate" 😅
Additional Posts in Option Traders & Investing
Any wayfair plays? It’s back up to the $190 mark
How you like dem AAPLs?
Just got nokia this morning...
NOK next get in while ya can homies
PLTR projections - thoughts on this company?
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Enthusiast
Thursday evening meanderings. What are everyone’s thoughts on purchasing puts on Friday’s if you’re planning to hold at least through weekend? All else equal - stock price Friday = stock price Monday at open. I think MB had said something about this a while ago that you’re basically handing sellers free money.
Bowl Leader
My feeling tomorrow is that it’ll be light trade most of the day with a sell off into close in anticipation of Trump’s presser (assuming its post close). I may grab some OTM puts around 2:30-3pm and lotto it.
Coach
US won't quit Phase 1. Market reacts positively.
Haha what was that.
Enthusiast
All aboard the Snap put train. Toot toot!
It’s getting back up!
Bowl Leader
321.20 level to watch on Apple this morning. It’s tap this morning of that level setup the right shoulder of a head and shoulder pattern and it rejected immediately. It will head lower today if unable to pass that level.
Thinking of rolling those to next week.
Enthusiast
Looks like trump just pumped the market.
Guys I wouldn’t be surprised to see spy at 310. A lot of spx/es resistance at 3100/3125. Watch that area to buy puts or short spy. Remember the last time VIX 200 ema was higher than 28/29th was in 2009 and it took 3 months to breakdown. Considering with the VIX at this level is it going to be hard to break out of the spx 3000-3100 zone to the upside.
Also on the watchlist. I executed a short order of $lulu at 301. It’s only 1/3 of planned short position. Might sell a put against it if I see the MM trying to burn premium like they did with $Shop at 825 a few Fridays ago.
$ZM I’m watching on earnings. However, my plan is to play the earning pop then start entering a short around $200.
Hold on to ZM long. Added more to the lulu short yesterday at 310.
ES 3070 is make or break. Pass 3083 we are heading to 3100-3125
Bowl Leader
My thoughts if you want to get crazy and take some high risk today:
If market is flat to green by 2-3pm, look to buy put options either OTM ATM or ITM based on your risk tolerance. Premiums on OTM puts will be substantially lower later in the day if the market holds up. This would be banking on a selloff into the close assuming Trump’s press conference is after 4pm. Investors likely won’t hold over the weekend with unknown retaliation from China. Pompeo said Trump will have a series of announcements as it relates to China today. Just be careful with day trading rules to not lock up your acct if under 25k
Bowl Leader
I’m in Apple puts that’s what I’m following
Mentor
Impact of riots on markets? Thoughts?
No impact
Bowl Leader
Some nice SPY put volume for Monday lol
So we gap up
Which one?
Go short on this one? No potential bump until then?
Holding:
INCY 6/19 $110 C’s
INCY 6/19 $105 C’s
SABR 6/19 $7.50 C’s
INCY is a bio pharmaceutical company with a FDA approved drug and many other things in the pipeline. They are coming out with phase 2 results on 5/30 I believe from a recent trial. I’ve been long the stock in the past and I may consider again.
SABR - travel industry. Was playing the rebound since its tanked due to covid. I heard the name on CNBC Half Time show and got in (only a couple contracts)
What are the chances Apple opens low tomorrow?
Bowl Leader
Setting up H&S pattern.
What riots?
Mentor
Really...? Wake up dude.
Impact of us-china news conference?
Looks like news conference is at 2 pm. Any advice before for any calls or puts?
Coach
Only the cancellation of student visas has leaked. If that's all, I think SPX jumps 50 in a second
Bowl Leader
Leaked by a ‘person’ according to Bloomberg 🤷🏻♂️
Market went up
Not what we expected from the trump’s press conference 😂