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Garfu posted:I know the price will spike but then does it get crushed cause EVERYONE has to sell? That's what I'm asking. I'm gonna sit here watching it regardless, and it's up 60% before earning even happened, so no matter what happens I'm good, was just looking for some advice if anyone had any. I mostly buy LEAPs. It can't really be predicted. A hot open may fade, continue building, or meander. If you're totally indifferent, sell ten minutes after the open, because one certainty is that there will still be some time value at 9:40 AM that evaporates by 4:00 PM. (And you meant ONE day to expiration, not zero, right? Because if you bought 0 dtes this morning...)
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Feb 2, 2024 01:24
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Agronox posted:It can't really be predicted. A hot open may fade, continue building, or meander. If you're totally indifferent, sell ten minutes after the open, because one certainty is that there will still be some time value at 9:40 AM that evaporates by 4:00 PM. Options expire on Fridays in almost all cases. Especially in companies instead of a fund.
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Feb 2, 2024 01:26
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Yeah I meant starting tomorrow it's 0DTE heh, my bad. It's these AMZN Feb 2 2024 165 Call (Weekly) that I bought at open this morning. I do a lot of options trading in general but 98% of it is not on earnings and weeklies. edit: Sold pretty close to the bell for around +120% from when I bought them yesterday morning. Man... too much stress for not much (relative) payoff when I usually do long term holds. Altho it looks like I should have waited the 10 minutes as mentioned! But still, glad that's over. edit2: Yup, 10 minutes was the magic number lol Garfu fucked around with this message at 15:46 on Feb 2, 2024 |
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Feb 2, 2024 01:33
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Garfu posted:heh For situations such "I want to get out but don't know how or when", a trailing stop is great. Place it decently deep in profit and just keep rolling it up as it climbs. Let the robots stop you out and feel zero FOMO or regret.
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Feb 2, 2024 15:47
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Would not suggest stops on deep ITM options due to likely large spreads. If you are going to do that then set a stop on the shares themselves and that will lock you in wherever it fires today (since the options will zero out your position overnight upon exercise). So if you are now long 10 contracts that are now 0dte = sell 1000 shares trailing stop at whatever underlying price.
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Feb 2, 2024 17:12
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I was trading TQQQ. Then I was recommended TECL instead. Anyone think another tech fund is better? For day trading. Also I trade SQQQ if I think the market is going down. Same question on that.
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Feb 2, 2024 18:24
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Dow transports at a double top from last August. Either we're going higher, or lower. Hmmm...
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Feb 2, 2024 18:31
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ChocNitty posted:I was trading TQQQ. Then I was recommended TECL instead. Anyone think another tech fund is better? For day trading. Nasdaq futures will be the most liquid and can be traded long and short with minimal margin required for the leverage you get. My understanding is most day traders who trade major indices use futures.
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Feb 3, 2024 03:37
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Woodchip posted:Either we're going higher, or lower. Thread title
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Feb 3, 2024 03:47
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ChocNitty posted:I was trading TQQQ. Then I was recommended TECL instead. Anyone think another tech fund is better? For day trading. QQQ is not a tech fund. It is tech heavy (57% right now), but also has stuff like Starbucks, Costco, and Pepsi.
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Feb 3, 2024 03:49
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Love Stole the Day posted:Thread title
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Feb 3, 2024 05:20
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Pastrami posted:Nasdaq futures will be the most liquid and can be traded long and short with minimal margin required for the leverage you get. My understanding is most day traders who trade major indices use futures. They're also more tax efficient than options on or spot ETFs
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Feb 3, 2024 05:53
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Hadlock posted:Where is GE going to be at the end of March Quoting this hoping somebody has some thoughts on this onward march upwards
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Feb 3, 2024 07:52
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Hadlock posted:Where is GE going to be at the end of March Woodchip posted:Either we're going higher, or lower.
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Feb 3, 2024 07:56
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Kind of surprised admins are sleeping on our new thread title
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Feb 3, 2024 08:04
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Cheers all, and good luck to all of us. Thread title applies to everything but natgas, which is always lower.
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Feb 3, 2024 18:32
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 edit: lmao never mind 
Zephyris fucked around with this message at 20:19 on Feb 5, 2024 |
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Feb 5, 2024 17:26
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NVDA went down today??? Is this allowed???
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Feb 7, 2024 00:16
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Not only that, but PLTR is sustaining a 28% leap after a positive earnings call. Madness!
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Feb 7, 2024 00:31
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Shear Modulus posted:NVDA went down today??? Mods??!
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Feb 7, 2024 03:49
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Shear Modulus posted:NVDA went down today??? Is this allowed???
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Feb 7, 2024 04:00
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Shear Modulus posted:NVDA went down today??? Is this allowed??? kinda sorta just want to slam some way OTM calls for friday seeing as how every dip has been getting insta-bought for the last few months. If it keeps dumping you'll know that I bought them.
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Feb 7, 2024 14:53
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Guess it was higher. Except energy, which is not on fire.
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Feb 7, 2024 16:54
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INTC $46 Put expiring on 5/17. It seems like you are required to just sell options when you are up exactly $420.00 in value. (I did sell these today - I actually do believe that Intel is going to be sub $40 in May, but sometimes you gotta sell because the number is funny :P)
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Feb 7, 2024 22:50
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Quick ~10%+ 3 month gains from TUR taken off the table... https://finance.yahoo.com/quote/TUR?p=TUR&.tsrc=fin-srch I don't recommend country-specific ETFs, though. This has really been a past few weeks of profit-taking, TBH. Stick to the sexy stocks, like chips, etc, everybody is talking about...
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Feb 8, 2024 02:50
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USA really is the best game in town.
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Feb 8, 2024 04:13
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 So, a little update - here's my current KOLD stack. Sitting at a ~ 22% drawdown right now. The Widowmaker is trying to make me sweat
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Feb 8, 2024 14:52
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ARM up 59% holy cow
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Feb 8, 2024 20:53
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let's talk more-frequently-occurring spike events that affect company earnings. specifically, extreme weather events. things like hurricanes, floods, extreme heat waves, etc., are known to be risks for the insurance industry. but are there corporate benefactors from such events? I suggest one might be Copart. $CPRT https://finviz.com/quote.ashx?t=CPRT&p=m this company is incredible. basically any financial/stock metric you want to go up is just y=x. hell, even its margins have doubled over the past decade. but enough about momentum. what's the business? they are basically the middleman between insurance companies and whoever buys wrecked cars. they have the software/website/interface, set up the markets, hold the cars on their lots. but they don't buy the cars. they are eating market share from their main competitors over the past 20 years and have a real chance to become a de facto monopoly on multiple continents. aside from it being a good, well-run business in general, it seems like an actual random benefactor from disaster events. tons of floods in LA? bunch of cars get totaled. hurricane hits miami? bunch of cars get totaled. I'm not sure if those events actually move the needle on CPRT's quarterly metrics -- and would love goon research to settle the issue -- but it's an interesting non-negative for them. what other publicly traded companies see business go up as people deal with the aftermath of such things? LA/Cali goons, what goods/services are people buying after the floods there? (aside from construction -- not sure how to trade that?)
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Feb 9, 2024 15:53
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pmchem posted:let's talk more-frequently-occurring spike events that affect company earnings. specifically, extreme weather events. things like hurricanes, floods, extreme heat waves, etc., are known to be risks for the insurance industry. but are there corporate benefactors from such events? Regarding $CPRT, I love the balance sheet, but hate the multiples. Practically no debt, but trading at > 12 P/S. It feels like that ship has already sailed. Sounds like a good company, though. Not in CA, but it seems like HD/LOW and/or tool and paint manufacturers would be the best bet after a disaster
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Feb 9, 2024 20:31
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tool rental outfits I bet this southern-california-specific equipment rental company is private I think: https://www.quinncompany.com/our-company/ but that sort of thing if there's a public company focused on this sector, they're gonna rent out more dump trucks and scissor lifts etc.
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Feb 9, 2024 20:50
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It’s over 5000
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Feb 9, 2024 23:29
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The SMCI shares I bought on October have almost tripled since then. drat.
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Feb 10, 2024 00:13
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pmchem posted:risks for the insurance industry. but are there corporate benefactors from such events? Reinsurance. $RGA (but these guys are predominantly life and health, I believe)
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Feb 10, 2024 15:56
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Maybe anything gravel and concrete? Like the basics. Floods wash out highways and you need poo poo tons of gravel and concrete to rebuild that. Casual glance reveals stock tickers MLM, EXP, VMC Gravel and Concrete is such a basic input that its required for anything regardless of any sort of policy. So long as there is any desire to invest in infrastructure you need gravel. I bet a lot of this stuff is private. Private little gravel mines all over. Concrete has to be made locally because it can only travel so far.
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Feb 12, 2024 02:22
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Update - NG is kicking my rear end. Hit about a ~35% drawdown so right now I'm managing the position with long calls to reduce my delta, and cut a single 90C. Re shorted OTM. Goal is to above all else make it out alive and ideally in no worse shape going into 2024. If I make money, great! NG is not for the weak of heart or conviction
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Feb 14, 2024 16:32
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NVDA is insanely overpriced, this is wild. Bought some lotto ticket puts. Lets go! One time!
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Feb 14, 2024 20:44
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Baddog posted:NVDA is insanely overpriced, this is wild. Bought some lotto ticket puts. Lets go! One time! What are the digits on those puts?
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Feb 14, 2024 20:53
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SMCI is going to hit $1000. Nuts
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Feb 14, 2024 20:57
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Umbreon posted:What are the digits on those puts? Lol, you all are gonna laugh - jesus christ, I need to get some more caffeine in me. I was going off some dumbass feed that made it look like earnings was *tonight*! Actually my *entire* feed was "NVDA earnings are here!!!1!" But earnings are actually still a week out, and next weeks puts are uhhh, quite a bit more realistic for the anticipated movement. Pray for my (this week) 700p's, maybe they will still print tomorrow!
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Feb 14, 2024 21:05
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