The 5/29 Plan (General):

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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.

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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.

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US won't quit Phase 1. Market reacts positively.

Haha what was that.

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All aboard the Snap put train. Toot toot!

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It’s getting back up!

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.

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Thinking of rolling those to next week.

Looks like trump just pumped the market.

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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.

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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

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

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I’m in Apple puts that’s what I’m following

Impact of riots on markets? Thoughts?

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No impact

Some nice SPY put volume for Monday lol

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So we gap up

Which one?

Go short on this one? No potential bump until then?

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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?

Setting up H&S pattern.

What riots?

Really...? Wake up dude.

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Impact of us-china news conference?

Looks like news conference is at 2 pm. Any advice before for any calls or puts?

Only the cancellation of student visas has leaked. If that's all, I think SPX jumps 50 in a second

Leaked by a ‘person’ according to Bloomberg 🤷🏻‍♂️

Market went up

Not what we expected from the trump’s press conference 😂

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Any 🐠 at #HRTechConf?

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Her unborn son to be hailed as "Associate" 😅

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On a project with higher level teams, and my partner and I can’t seem to crack the brief or keep up. Can anyone else relate? Will it always feel this way?

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I paid off my undergrad student loans!!! 😁😁😁 now to splurge on a very expensive gift for myself...

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If you're junior/mid with big ambitions, say hey.

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Additional Posts in Option Traders & Investing

anyone holding crsr calls before their earnings next week?

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Wanted to start selling covered calls on T so I’ve been working on buying 100 shares. Just realized how inexpensive T options are 🤦🏽‍♀️ now I’m wondering if it’s even worth it? What stocks are better for covered calls.

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Any plays today? PayPal, Microsoft, EBay, Tesla

Does anyone know of a service that scans options in the US market - compares them against black Scholes and calls out options that are trading at a significant discount i.e 50 % discount. If not - I think I might build it. Let me know if you are interested in leveraging a similar tool and/or other functionality you would be interested in.

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TDOC; anyone have any reason why I shouldn’t put 20 k(10% of my portfolio) in 2022 LEAPs; telehealth is going to explode and it’s barely tapped a fraction of population

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Any wayfair plays? It’s back up to the $190 mark

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Anyone getting into VIX options before the FOMC meeting?

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@bowlcreator what’s the word going into a slow holiday week

What’s everyone buying in shares today? Or still waiting on sidelines?

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Where can I find the IV on internet cat NFTs? Trying to update my option model spreadsheet but missing this data...

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Three observations from my market analysis this week:
1) Still work to do in repairing damaged trends with only energy and financials up over the last month
2) Technology has issues with rates, valuations, and supply chains for chips, so this could be heavy on the indexes
3) Setup for the week is concerning with OPEX, lots of data releases, and almost no IVOL premium - lots of event risk and limited hedging in place

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How you like dem AAPLs?

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After going full WBS I’ve returned to you all, where I’ve actually made money following your good ideas

Keep em coming I appreciate you all

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Check out SNDL (Sundial Growers). The call options are going crazy—buy the stock now—could easily get up to $5.00 in the near future. 🔥

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Just got nokia this morning...

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NOK next get in while ya can homies

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Yikes. Looking like another red day. What stocks are you watching and at what PT will you get in?

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PLTR projections - thoughts on this company?

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