Looks like Marketwatch was wrong or buggy. Now says only 6M shares traded after hours. Buyers look to be winning for now.
Silver drops 14% and volatility finishes down on the day. Gold vol holds below 29. Bullish to not see those break on these big days
Just have to laugh at how many tricks they have up their sleeve to try to keep the market up. TSLA 5-to-1 stock split and it moons lmao.
I’ll take the split on a horrid day. NLS was my only winner and closed out at 37% up in the last couple of weeks
I have two sets. 7.50s are green but I want more. Then got cocky and got some 2.50s lol. Just need one more big red day from those fucks
Can anyone in here explain to me what happened to CODX? I feel like I've been fooled, I should've sold at 30. It's completely tanked, and it's going to have great earnings. I don't get it at all
Shitty attempt to be the "first one to report it". SPY still in a steady uptrend for the day. Btw, I'd be completely in favor of a tax on for-profit trades. Fuck you if you tax me when I took a loss.
Can’t explain shit, but CODX has been a short target multiple times. Been in and out since $9. Under $20 and I’m buying more tomorrow. Sell at $29. Rinse and repeat.
Yeah I should've sold at 30. I paid a huge price, but I'm new at this. So lesson learned. Just sucks to gain that much and just watch all of it burn like that. Today was just fucking brutal man
I had sells in the $40’s. Whoops. This was CODX’s second trip to $30 for me. Sold at $25 and bought back in at $18 last time. There were a couple months that it went $9-$16-$9 repeatedly. $18-$30-$18 might be the new play.
I'm hoping the turn around starts after earnings tomorrow. I watched a 45% return get vaporized into 8% return in a matter of days. Just unreal.
50M SPY volume...unbelievable how they game this thing. We were within sniffing range of all-time highs and the selling came in right at the end of day. It was not extreme selling like it was yesterday, but I guess it's hard to complain because I was expecting us to blow right through 340 with another short-squeeze right at the close. Opposite happened and I see they are selling lightly during after hours. My puts have plenty of time on them, but it is still a psychological strain to see red and know that things are moving away from my strikes. Tech all up along with TSLA moving up almost $200. The market pattern seems to be tech up, then sell; while banks/airlines/industrials do the opposite. PEP had a very solid scalp today right off the open operating in the $135-138 channel that it has upgraded to. Waited months for this move and by the time it happened I had already moved into a bearish outlook on the market lol. Was nice to see PEP still has extremely low IV on its options and fairly predictable movement. Will probably be staying away now unless we do some outrageous shit again tonight at 2 AM ET. In the case we do continue up, PEP could move out of this channel up into $138-141 and possibly even higher to all-time highs. It is a good stock to own with good dividend (would not buy it at this price though). While I was scrolling through TSLA options, I noticed if you were brave enough to gamble like a madman on weeklies yesterday, you were looking at 3000% returns through a lot of the strikes and 5000% at the top end. Think of the maniac looking at TSLA at $1360 yesterday and buying a $1605 strike expiring Friday.
If ur rich as fuck it's not brave at all, it's easy. It's only an insane move for people like us who actually stand to lose something.
Right, it's still crazy though given the TSLA chart, overall market action yesterday, TSLA action yesterday, TSLA action recently...I mean you just know it was insider trading and somebody is 100% going to get away with it again because there is almost no oversight anywhere right now.
Happens constantly, and I'm willing to bet they let the Kodak Loan go through despite the obvious insider trading there. Hence why I've already bought some of it. One of the execs gave that shit away as a gift
Someone bought 8,212 contracts of 8/14 $1450C for $800 each Monday. Today that $6.5m investment is worth over $100m
Someone ITT talked me out of buying PENN at $5/share back in March. I'm going to go back and figure it out and kill that person.
That sucks man. I bought a fair amount from March through mid-May and I just held strong, barely peaked at my positions until late July. The last 2 weeks have been neat. Probably won't make you feel any better -- I've posted it before but I got fucked hard on Novavax, thanks to Fidelity. I bought 110 shares in August of 2018 for $1.19 on whim. It's currently at $133.25... Not huge money but would be nice to have the extra ~$13K growing.
SPY 38M volume another record low day but this time it was different as momentum was clearly downward. Sparked by the bond market and rising rates. Not sure what tricks they have left in the bag but this might be it. Volume was incredibly low outside the last 2 hours of trade. Saw the first sub-100k 5-minute candle early in the day. Selling stayed steady instead of trailing off this time. Did not see a huge jump in selling volume. If we keep heading lower, that could come in and kick off a big correction.
I haven't been posting Hanks posts but he is basically saying the above. I for one do think the correction is coming. Then I can turn bullish
Historically not a bad bet at all. QQQ would seemingly have more room to go down with its heavy tech weighting. I believe their options have slightly higher IV because of this.
Priced in already, imo. You saw how the line went up when biden became front runner and up again when Harris was anointed. If anything; Biden winning is a boon to the market bc the volatility the goddamn cheetoh in the White House brings will he gone.
I don't think the volatility has anything to do with the President. It's systemic at this point because the Fed won't let price discovery occur. Biden's going to have that printing press BRRRRing like a mofo just like Trump is
We bought SPY on April 1st @ 248 with the intent to hold it long term. When it reached 318.5 in early June we sold. We figured the down turn was coming any day. It's August and it feels like it's still coming, right?