The question is, Is this the start of a real bear market? Or just a flash crash again. I am going to be waiting for any new bullish entries until we get a real bottom. In a $450/$440 put spread for next week. No current call positions on anything. Good luck out there!
Didn't quite hit my target of $180, but now we got some positive news. With additional news on the new variant not being as bad as thought, this could really fly. No position.
What a chart, I love the stock only need the market to hold. Might be a decent lotto for tomorrow to try on this one...
Trying a $300 call at $1.85, might sell the top side and let it ride if we get a solid move into close. Risky considering this market, tight stop at $1.50.
These big boys need to hold or else we could see more blood on the indices. So far $AAPL and $GOOGL held pretty well, what happens if all 4..add $TSLA as well...start to show a 1-3% weakness day? Just setting up the chart for the next few days
Full disclosure, I am hoping that we break and can flip the charts around for a while, the market could use a month of pull back. But if we are going to try and stay bullish, we need to hold this longer term SMA here, or else the bear market begins....
If all goes down the next two days, sometimes I like to play TSLA for a capitulation hedge. It has been very strong, so this is just a lotto to grab a big move if the market falls again. $1,000/$950 put spread at $0.73 small risk
If we keep dropping you can find some individual names, or what I'll try is a few $6.50 calls on SQQQ see how that works
Almost having as good of a day as $MRK, setting up today for an ATH close. Perhaps it will be best to stick with the strong name vs trying to chase a currently unpopular one.
Premiums got crushed on the anticipation, need more of a move to let them pay off. Either way, we need a multi-day move to get back to where we need to be. Just going to hold to end of week and see if we can at least clear $80
We got the advisory committee approval, just barely, now we see if this is a sell the news event or something to finally recover on. There has been plenty of other news related to this stock that would net lean positive as well. I have a strangle that will take either direction for the same week, but would prefer to the upside for my longer term calls.
Interesting move here, acting like the new $AMZN safety stock today, in theory we could go to the $170+ area and be within this channel...but if the market continues to pull back, I have a tough time believing this will continue to diverge the market.
Under this area and not much volume until the low $2,700's...if we start to fall under, could scalp some put spreads. Watching levels closely, likely won't be able to post and in and out if I pull the trigger.
With all the talk on COVID, might be a reasonable play to just stick with what we know and that people will need to keep getting more vaccines... 1/21/22 $60/$70 call spread at $0.86
Took one last try at this before news, high risk as the data doesn't seem to be that great but there aren't any other pills read to go to market this second. $85 12/17 call at $0.30, might pair with a $70 put for next week to cover myself
$160 put at $1.10ish, if we fall into the end of the day could get a nice return. Will stop if it runs back up to previous highs
Continues to consolidate, no movement yet. Still waiting on a move to either direction...
Each time we bounced off this level we hit $315 plus that week. Looking for a similar play this week, holding the $300 same week calls from $2.33.