bi40ptions

bi40ptions

FIrst of all, bears are the worst. Leave the country if you root for the market to fail. I like healthy market movement but fuck permabears. The gap down today presented a great buying opportunity and formed a nice channel.

bi40ptions

Gapping down 10% today gives a good entry point to go long

bi40ptions

Nothing about this market movement is natural. I'm all for the a good market but YOU DON'T GO ON A 12 YEAR BULL RUN AND EXPECT A "V SHAPED RECOVERY". I'm fed up with the fed. Stop pumping money into big businesses and hedge funds. Wasting trillions of dollars on NOTHING. There is no excuse are counter argument for this. We are in the midst of a pandemic with...

bi40ptions

I'll keep it short. - Trash app - Awful advertising - No customers - Too many competitors - Bad CEO

bi40ptions

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bi40ptions

Very clear indicator here. Crude could certainly go lower but the economy is opening sooner than later. Not an opinion, it's just a matter of time. Crude won't skyrocket back to $40 but it is definitely oversold. I bought XLE 9/18 $55 Calls. It gives me exposure to the broad market while benefiting from oil rising.

bi40ptions

holding 9/18 $55 calls

bi40ptions Updated 

You can try to short oil but there is much more upside by going long. I picked up 122 $55 XLE calls today for .03 each Not a whole lot to lose and a whole lot to gain. Oil isn't going away like some people think. Way too many industries are reliant upon it and way too many people will lose money if it stays at these prices. It might not be very soon but there...

bi40ptions

This sector has been beaten down even though sales are high. Everyone is still buying marjiuana, if not more. This seems like a steal to me. Although I don't love some of MJ's holdings, its volatility is much better than individual companies within the sector. I hope to pick up 20 - 25 1/15/21 $24 Calls @.15 each.

bi40ptions

Great company but not the type to make it through a pandemic where retail is the last needed sector. Look for them to test their lows again this week. You can see it forming lower lows recently. It is overbought and macd is signaling to sell.

bi40ptions Updated 

The only thing getting in the way of this movement is the fed. You don't run up 25% without correcting. RSI divergence is apparent and RSI is overbought. MACD is signaling sell. SPY is also at the top of its bollinger band.