Wrote my first covered call today. MGM August 21 $19 First one so I wanted to do something small I felt good about.
New day, same story. SPY 37M volume lowest of the year. Back-to-back days where lowest volume of the year traded. 5.3M shares already traded after hours though which is a big difference from yesterday. GOOG and AAPL up 0.50%, AMZN up 2%, MSFT and FB down a blip. Dollar went V-shaped during trading hours. Still not sure what is going to happen on that front, but Euro going up now has my attention. BA still providing good scalps during the day. Wasn't in there today but it was another good $6-8 trade.
Honestly it feels like every single scam and fraud that you can pull off is now free to run. Just seems like open season for the past few months to do whatever you want on that front. SEC is nowhere to be seen and I just saw today that one of their co-Directors of Enforcement is resigning. If you want to see the perfect example of this, go look at GSX's chart for the past 3 months. This was a company that people were calling out for fraud on Twitter, Reddit, and everywhere else in early May. It's one thing to call a company out for fraud, but trying to get people to gang-short something with you is scammy in itself. Look at what happened in those 3 months. That is an absolute MONSTER short squeeze and most of the people in that trade are probably broke or severely punished now.
Fsly beats revenue earnings and raises future guidance. down 17% AH, can’t wait to buy calls at the open tomorrow
To be fair, they had run up like 35% in the last 5 days until today, but I’m with you that calls seem like a winner
The last 2 months or so the play has been to buy calls 2-3 days prior to earnings and then sell them at about 3:00 on the day the earnings report comes out (after close earnings). Haven't tracked much about the potential rebound of said calls, and to be fair I haven't actually implemented the strategy but I think it would have been quite successful for some of the meme stonks.
this would have worked for me on the one earnings play I went for but instead I held through earnings and they expired worthless
Was thinking I'd go with this strategy, but these things are expensive once you get past Aug 7 expiration. I might go ahead and buy some shares.
I’m no expert but TDOC nosedived 20% yesterday on news it’s acquiring its top competitor. Might be a good entry point. I’ve been holding as a hedge tool so not going to double down but there’s clearly a huge future in telemedicine. weird that both TDOC and the company they are acquiring were down despite acquisition price being 10% premium to market value.
I loaded up TDOC around $200. How is them acquiring a very good growing company at a fair price a bad thing? My 2c
don’t get me wrong, I agree. I think it marches back up pretty soon, I’m just already holding as much as I can without getting overweighted, so I’m not personally buying the dip.
Damn options. Jumped in and out of a couple FB calls for a 20% gain this AM and was happy...until I looked at it when I got back from the store.
Lots of indices probing top of their ranges, put call ratio near lows again, and dollar nearly signaling oversold. Put some hedges on - IWM, XLK puts. Also bought TDOC and ONEM calls.
Made a couple hundred scalping FSLY this morning. Thanks southside. Trying to follow EWT to find a new entry point.
I bought AAL on Friday at $11. Obviously its nice that it is up in less than a week later but those stocks eventually are going to run. I may buy some SAVE too.
I'd avoid buying anything long until schools either manage to open and stay, or crash and burn horribly. If the latter happens, I think we're going into another lockdown.
334 call closes at 1.30 Rose to 1.60 in the 5 minutes after posting then fluctuated under the buy price for the remainder. Not a play I would have made any way. Was way too late in the day and it had already run too much for me to f with; was just interesting to follow the call.
You still have 10 minutes to pull a profit here. SPY 40M volume. Tech all up and carrying the market higher. Was going to roll out short-term puts tomorrow near close, but now thinking I will hold off until VIX gets depressed under 20. I can see them going for the ultimate squeeze right here to clean out the shorts before dumping.
Tomorrow will be a good time to buy puts. First week of the month gets a nice bid up. This is a similar set to the beginning of June which dumped hard on 6/8
I'm not sweating it. I have long-dated ready to go. Figured things would have reversed for sure by now, but I guess when volume is this low they are willing to float it up as much as possible. I'm guessing monthly OPEX will be their ultimate target date to rip things back into place. Just trying to avoid the bleed as much as possible with my swing trades.
Ive thought about getting back into airlines but wasn't AAL talking about merging or getting bought out or something not to long ago. Think I would pick Delta, but I know hardly anything.
Complacency is as bad as it was before, we’re due for another 2-4% tech correction at some point in the next few days. Implied vol premiums for tech sectors back down to 6-10%, put call ratio close to June lows.
Yeah my play is not a long one with airlines and I am minnow in this thread as far as $$ so please don't listen to me. There was talks with Jet Blue and AAL about sharing code and reward programs. Havent read much lately on that.