goldbug1

goldbug1

Making a few moves this morning, I like AMZN, do not mind owning so I am selling one put to try to grab a better price here as the market panics. Sell to Open AUG9 155 Putt @ 3.09

goldbug1

I am going to close out my short position at 430.28, However I am holding my short 450 PUT here so looking for a bounce.

goldbug1

Ok jumping in here by selling a PUT for this week expiration with NVDA. Just the premier company to own for AI and you buy the dips. Sell To Open NVDA AUG9 95P @ 6.05 (One Contract)

goldbug1

Good Morning! Well after a nice week of vacationing in Colorado Springs and doing the Hogback Twister Motorcycle challenge out of Boulder, I am now back in Florida for Hurricane Season! However Florida is not the only place with a Storm, it seems the markets in general are ready for a downpour. Starting with Bitcoin: Bitcoin has been slow to develop, like...

goldbug1

Sell to Open Aug9th 450 Put @ 9.00 +- (2 contracts) Will update later but this is a covered PUT I am not selling naked. In other words this is against my short position.

goldbug1

Was looking for a interim rally back to 20k or so, but the market is showing signs of exhaustion. Often we get an opportunity either on a pullback, or in the case a rally to enter or exit a position, but the market is not participating. Failing to even retest the 20k level is further evidence of weakness and though it may take weeks to evolve, a good 10-15%...

goldbug1

Bio-techs are more out of favor than Joe Biden's re-election bid. I like out of favor sectors, because you can go in and pick up some discounts. Sure these stocks can go lower, also they are speculative so they can go to zero, BUT the reward can be huge for those that don't mind taking the risk. So going to add 25 shares of NTLA right here. Not a huge...

goldbug1

Though Bitcoin showed some solid strength into the Friday session, the market overall corrected and the correction is probably not over yet. Looking for selling pressure next week but that does not imply it will be straight down. Bitcoin: Bitcoin rallied out of the 50-56k support area, and we took that opportunity to add a small position to our holdings around...

goldbug1

Ok so I have been short the Q's and some QQQ expiring tomorrow which is the NASDAQ ETF. Here we sit at a critical level 19,600. Though nobody can tell the future, this is a place to look for a potential bullish bounce tomorrow. Tomorrow I am going to look for some longs back to the 20,000-20,200 area if we show solid support at the 19,725. However if...

goldbug1

As mentioned if it appeared like Trump was going to win we would get a rally but it would fizzle out and fade. We are what I believe starting to fade. I am short 200 shares @ 476.42 Avg I am short 2 JUL19 495 Calls @ $6.64 each which are now trading at $0.34. Only 2 days left I am going to just hold the calls to expiration, it is looking good to expire...

goldbug1

Ok so we are all looking for that next 20 bagger right? Biotechs and moreover disrupter Biotechs are so hated right now they are IMO a deal. Now not all Biotechs will be big winners, some will go to zero, but if the potential to go to zero is there, it is best to buy near zero ;)...... So I am going to be adding some PACB and a couple others (stay tuned) to my...

goldbug1

OK so Bitcoin has signaled a long here but this is simply not a trade I want to take. Why is it a long and why am I not taking it? 1) First we have position. Bitcoin has pulled back to the 50-55k area we were interested in taking a trade. So that is one reason I like it long. 2) We have a potential failed low scenario off a C leg. I like failed lows, it...

goldbug1

Whether you took the swing or the position trade, both were tapped out. This happens, part of trading, which is why we assign a risk to it. Either way I am still hedged short here and looking to add one more position in the near term. I am also looking for a trade if and when the setup takes place. Currently I am short 200 shares and also short two (2) 495...

goldbug1

Just adding to my short position using a short options trade strategy. Selling two contracts here, and if we get a better setup will add to my short position overall. Was originally short 100 shares and had another contract assigned for a current 200 share short position. The other short contract expired worthless so I kept that premium. This can be taken as a...

goldbug1

Ok patience has once again paid off and though a swing trade may setup before the close of day, I mentioned weeks ago this was an area that I was looking to add for 90k. So that is what I am doing here adding some Bitcoin for 90k. Now the instrument I am using is BITO. Yes I know I don't own the BTC but honestly, after the nightmares with accounting, and...

goldbug1

I know its killing you... wanting to jump in here.... but it is simply just to aggressive of a trade right now. Even though there was a weekly pinbar, which is an aggressive trade signal, it is simply too aggressive for me based on the position. Sure we are at the lower end of the range, but we are not at an extreme. If we were trading at a more...

goldbug1

Currently I am short 200 shares of QQQ as the 480 calls expired worthless last Friday. Though the market is attempting to rally here IMO this is a fake out to get rid of shorts. So if you took the swing trade the stop is at 490.50 which we are just short of. If you took the position trade, we are still a good ways off of 502. Let the trade play out is...

goldbug1

LOL as I mentioned the other day, if Biden wins the debate the market will pullback, if Trump wins, expect a fake rally and then a pullback. So with probably the worst showing of any presidential candidate in any debate, we got our fake rally and now it is time for the pullback. Here I am looking at the daily chart and the pinbar forming is telling that there...