The Short-Term Trading Thread

Oct 19th, 2020 3:16 pm

#10361

dlhunter: Deal Fanatic; Jun 27, 2007; 5507 posts; 1956 upvotes

Oct 19th, 2020 3:16 pm

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!

+1

Oct 19th, 2020 3:17 pm

#10362

Charles: Deal Addict; Aug 18, 2003; 2269 posts; 1182 upvotes; YVR

Oct 19th, 2020 3:17 pm

Charles wrote: ↑ looking pretty bearish here...

edit: VIX hod

Patience comes to those who wait

Oct 19th, 2020 3:18 pm

#10363

dlhunter: Deal Fanatic; Jun 27, 2007; 5507 posts; 1956 upvotes

Oct 19th, 2020 3:18 pm

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!

Oct 19th, 2020 4:44 pm

#10364

MrMom: Deal Fanatic; Aug 17, 2008; 8919 posts; 10036 upvotes

Oct 19th, 2020 4:44 pm

Translation: We need to keep the Senate Red ...

Oct 19th, 2020 5:33 pm

#10365

Elfwood: Deal Addict; Oct 22, 2014; 4383 posts; 2729 upvotes; Toronto

Oct 19th, 2020 5:33 pm

MrMom wrote: ↑ Translation: We need to keep the Senate Red ...

Question is which bill is being voted on?

Oct 20th, 2020 9:49 am

#10366

rapashoo: Deal Addict; Mar 22, 2010; 3702 posts; 1629 upvotes

Oct 20th, 2020 9:49 am

Not my usual play buying a call but TSLA getting slaughtered prior to Q3 ER.

Bought $460 call @ $7.75

Oct 20th, 2020 10:19 am

#10367

thelastword: Sr. Member; Feb 14, 2010; 843 posts; 841 upvotes; Toronto

Oct 20th, 2020 10:19 am

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.

Oct 20th, 2020 11:19 am

#10368

llpresident: Deal Addict; Dec 3, 2014; 2348 posts; 1839 upvotes; Ontario

Oct 20th, 2020 11:19 am

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?

Oct 20th, 2020 11:20 am

#10369

rapashoo: Deal Addict; Mar 22, 2010; 3702 posts; 1629 upvotes

Oct 20th, 2020 11:20 am

llpresident wrote: ↑ "Slaughtered" or an insignificant pullback that you can barely see on a multi-year chart?

Insignificant in long-term perspective

Oct 20th, 2020 12:43 pm

#10370

dlhunter: Deal Fanatic; Jun 27, 2007; 5507 posts; 1956 upvotes

Oct 20th, 2020 12:43 pm

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!

+1

Oct 21st, 2020 11:21 am

#10371

Charles: Deal Addict; Aug 18, 2003; 2269 posts; 1182 upvotes; YVR

Oct 21st, 2020 11:21 am

market fading bigtime - tech selloff....AMZN 3170..ZM down 30 pts from highs

Patience comes to those who wait

Oct 21st, 2020 11:24 am

#10372

thelastword: Sr. Member; Feb 14, 2010; 843 posts; 841 upvotes; Toronto

Oct 21st, 2020 11:24 am

Good day folks
Limit orders set for SPY 339.99
Lets see if it hits today or AH once Tesla reports.

Oct 21st, 2020 11:27 am

#10373

jerryhung: Deal Expert; Sep 19, 2004; 26108 posts; 8238 upvotes; where I belong

Oct 21st, 2020 11:27 am

Charles wrote: ↑ market fading bigtime - tech selloff....AMZN 3170..ZM down 30 pts from highs

except SNAP, +33% to $38 and higher, even with QQQ down. NUTS

Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A

Oct 21st, 2020 12:10 pm

#10374

Charles: Deal Addict; Aug 18, 2003; 2269 posts; 1182 upvotes; YVR

Oct 21st, 2020 12:10 pm

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

Oct 21st, 2020 3:06 pm

#10375

thelastword: Sr. Member; Feb 14, 2010; 843 posts; 841 upvotes; Toronto

Oct 21st, 2020 3:06 pm

VXX 22.60
Will most likely hold overnight and sell tomorrow.

Oct 21st, 2020 4:58 pm

#10376

dlhunter: Deal Fanatic; Jun 27, 2007; 5507 posts; 1956 upvotes

Oct 21st, 2020 4:58 pm

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!

Oct 21st, 2020 7:59 pm

#10377

MrMom: Deal Fanatic; Aug 17, 2008; 8919 posts; 10036 upvotes

Oct 21st, 2020 7:59 pm

Looks like we'll find out sooner rather than later.

Images

Oct 22nd, 2020 9:52 am

#10378

rapashoo: Deal Addict; Mar 22, 2010; 3702 posts; 1629 upvotes

Oct 22nd, 2020 9:52 am

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

Oct 22nd, 2020 9:56 am

#10379

Charles: Deal Addict; Aug 18, 2003; 2269 posts; 1182 upvotes; YVR

Oct 22nd, 2020 9:56 am

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

Oct 22nd, 2020 10:22 am

#10380

dlhunter: Deal Fanatic; Jun 27, 2007; 5507 posts; 1956 upvotes

Oct 22nd, 2020 10:22 am

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!

Thread Information

Trending Hot Deals