Investing

The Short-Term Trading Thread

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  • Jan 26th, 2023 10:00 am
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
nx6288 wrote: you guys seem pretty knowledgeable here - i'm mostly a real estate investor but this idea of options trading (specifically selling puts on blue chip stocks) sounded particularly interesting to me. Is this something that i've already missed the boat on? or still plenty of opportunity to capture some monthly cash flow going this route?
you haven't missed it, yet.
VIX elevated going into US elections, all the way to Dec
take advantage of elevated premium, just don't come too close
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Addict
Aug 18, 2003
2269 posts
1182 upvotes
YVR
Charles wrote: looking pretty bearish here...
edit: VIX hod
Patience comes to those who wait
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
thelastword wrote: Good afternoon folks
SPY 343.50 quarter size. Tons of support below.
support is 60-70 points lower. but we should bounce from 3410

edit: long NQ 11600 - looking for 11700

edit: potential IH&S forming - 11650 neckline, target 11712
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Fanatic
Aug 17, 2008
8919 posts
10036 upvotes
Translation: We need to keep the Senate Red ...

Deal Addict
Oct 22, 2014
4383 posts
2729 upvotes
Toronto
MrMom wrote: Translation: We need to keep the Senate Red ...

Question is which bill is being voted on?
Deal Addict
Mar 22, 2010
3702 posts
1629 upvotes
Not my usual play buying a call but TSLA getting slaughtered prior to Q3 ER.

Bought $460 call @ $7.75
Sr. Member
Feb 14, 2010
843 posts
841 upvotes
Toronto
thelastword wrote: Good afternoon folks
SPY 343.50 quarter size. Tons of support below.
Morning folks
Out 345
I think the market markers are trying to engineer a soft landing.
Deal Addict
Dec 3, 2014
2348 posts
1839 upvotes
Ontario
rapashoo wrote: Not my usual play buying a call but TSLA getting slaughtered prior to Q3 ER.

Bought $460 call @ $7.75
"Slaughtered" or an insignificant pullback that you can barely see on a multi-year chart?
Deal Addict
Mar 22, 2010
3702 posts
1629 upvotes
llpresident wrote: "Slaughtered" or an insignificant pullback that you can barely see on a multi-year chart?
Insignificant in long-term perspective
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
edit: closing on the lows. I have NQ measured move down 400 (12150-11750), bounce 200 (half back, 11750-11950), down 400 (again, 11600), bounce 200 (today, 11793), next leg down 400 -> sub 11400. Bring it!

not trading much today, meetings
sold few Dec IC in ES and NQ (today, yesterday) - 3100/3000/3700/3800 and 9900/10100/13200/13400
all decent POP 68-72%
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Addict
Aug 18, 2003
2269 posts
1182 upvotes
YVR
market fading bigtime - tech selloff....AMZN 3170..ZM down 30 pts from highs
Patience comes to those who wait
Sr. Member
Feb 14, 2010
843 posts
841 upvotes
Toronto
Good day folks
Limit orders set for SPY 339.99
Lets see if it hits today or AH once Tesla reports.
Deal Addict
Aug 18, 2003
2269 posts
1182 upvotes
YVR
dlhunter wrote: will try knife catching 3431 and 11637

edit: got ES 3431
sold 3431, cancelled NQ

ES can end up 3400 in a jiffy - VIX climbing

NQ 11637 was spot on. Good for 10-20 points. But I cannot focus on it now.

Your 11637 was actually spooky good (you get scary better near halloween)....did you get that entry by just fib?
Patience comes to those who wait
Sr. Member
Feb 14, 2010
843 posts
841 upvotes
Toronto
VXX 22.60
Will most likely hold overnight and sell tomorrow.
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
somewhat poor low today, if 3425 breaks, we could descend 50+ points quickly. My target for this move is 3350 or abouts. Maybe full retracement to 3200 before Nov 3, but this is not likely.

TSLA out and nothing. sold Nov 540/350 strangle, will be covering it tomorrow, as well as IC in Dec 320/340/580/600
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Deal Fanatic
Aug 17, 2008
8919 posts
10036 upvotes
Looks like we'll find out sooner rather than later.

Images
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Deal Addict
Mar 22, 2010
3702 posts
1629 upvotes
rapashoo wrote: Not my usual play buying a call but TSLA getting slaughtered prior to Q3 ER.

Bought $460 call @ $7.75
Shouldn't have played unusual play LOL
Deal Addict
Aug 18, 2003
2269 posts
1182 upvotes
YVR
rapashoo wrote: Shouldn't have played unusual play LOL
It was a gamble but could have paid off :) stock looks like a poss short the way it's acting this am after e/r


...ES and NQ flopping...maybe that 3390 on ES may happen sooner then thought
Patience comes to those who wait
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
dlhunter wrote: TSLA out and nothing. sold Nov 540/350 strangle, will be covering it tomorrow, as well as IC in Dec 320/340/580/600
covered TSLA 540/350 strangle for +5. IC did not come in yet
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!

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