***Official*** 2018 Stock Market Thread

[FelixDeCat]

Short QQQ put spread $152x153.5

edit: covered $153.5 P short leg - profit $.35 cents per contract, still long $152 P

edit: sold $152 put

trade over

 

[FelixDeCat]

Market taking a bath - will it dry off tomorrow or go for another swim?

 

[dasherHampton]

My feeling is you'll see some buying tomorrow but it's really anyone's guess.

I'll be at my desk at open tomorrow for sure.

If AMD stays down the rest of the day I might watchlist it for tomorrow.

 

[DietDrThunder]

My feeling is you'll see some buying tomorrow but it's really anyone's guess.

I'll be at my desk at open tomorrow for sure.

If AMD stays down the rest of the day I might watchlist it for tomorrow.

Under $9 a share, then I'll probably buy. Probably.

 

[dasherHampton]

Why not.

Buy 1000 shares for 9 grand and wait on it. If $9000 is a huge amount for a person they should be in funds anyway instead of actively trading stocks.

 

[dasherHampton]

MU is down but my 54 MU calls did sell for $1500.

I'm pretty confident MU will provide me with some income while it recovers.

 

[Ns1]

Thanks Obama.

 

[dasherHampton]

Jesus Christ.

Theres always been a certain amount of overreaction in the market but never to this degree.

 

[DietDrThunder]

A lot of this over reaction isn't human generated.

 

[FelixDeCat]

Gold up nicely. Only have 1 physical ounce though. Bought on Friday @ $1333. Current bid $1349, up $21 an ounce.

Thanks Trump!

 

[dasherHampton]

I have a nice stash of physical gold that I inherited from my parents.

 

[Ns1]

Not a single stock I'm tracking is green today

 

[DietDrThunder]

UNH up $1.25.

 

[dasherHampton]

Not a single stock I'm tracking is green today

My screen is a bloodbath as well. That's when it's time to reload for tomorrow.

 

[ImpulsE69]

Gun stocks are up

 

[DietDrThunder]

Gun stocks are up

I imagine Remington isn't one of them.

 

[dasherHampton]

I am going to watch for a late BLUE rally.

You're not screwing me again, BLUE!

 

[dasherHampton]

I bought BLUE at a little over 160. I'm sitting here with my finger in the sell button. lol

 

[dasherHampton]

161.80. That was good enough for me.

 

[dullard]

AMD is a steal while INTC is an overvalued pig of a stock that can't get out of its own way. Watch an learn - AMD will be $20 in less than 6 months while INTC will be back in the 30s if they're lucky.

Five months down, one month to go. Since you posted that quote on Nov 2, AMD is down 12.2% from $10.85 to $9.53 and Intel is up 3.9% from $47.10 to $48.92. Still feeling confident?

 

[FIVR]

Five months down, one month to go. Since you posted that quote on Nov 2, AMD is down 12.2% from $10.85 to $9.53 and Intel is up 3.9% from $47.10 to $48.92. Still feeling confident?

I just bought 20 more $10 Jan 2019 calls. That answer your question?


My current positions are
AAPL Jan 2020 $185 C
AAPL shares
AMD shares
various AMD long and short calls
IIVI 2019 calls


I already explained how to trade AMD. I basically gave you a roadmap to 40%+ returns even if the stock goes down all year. If you aren't making money trading AMD then you better have something else you're making 40% or better returns on.

 

[FIVR]

This week should be good returns. I am expecting a rebound on SPY to 2630ish and I am resolving to be more nimble about entering/exiting new positions in reaction to news and movements in the indexes.


TSLA probably will rebound on model 3 deliveries. I will wait this one out. Too much risk, too high IV.

 

[FelixDeCat]

This week should be good returns. I am expecting a rebound on SPY to 2630ish and I am resolving to be more nimble about entering/exiting new positions in reaction to news and movements in the indexes.

TSLA probably will rebound on model 3 deliveries. I will wait this one out. Too much risk, too high IV.

I agree the volatility in this market is unnerving (at the moment). Still short MU $52 call spread, and decided to re-enter QQQ $150x$152 short puts before the close. Hoping for slight bounce now that the European Easter holiday is over. Honesty though, I dont know where we will be by the end of the week.

 

[JEDI]

Short Caesars casinos (czr)?

they are nickel and diming everyone this year, including their high rollers (7stars) and its pissing them off.
- no more guaranteed free rooms for 7 stars.
- cutting back on comps.
- canceling promos and not telling anyone.
ie: the excuse was that casino's management discretion. pissed off people who traveled there for the sole purpose of those promos.

heck, free alcoholic drinks is now limited to 1 every 30min, starting this month.
And of course, they didn't tell anyone of this change.


they killed 2 tier levels on their slot cards.
they used to have 6 levels: gold (everyone starts with this), Platinum, diamond, Aspirations 1, aspirations 2, 7stars

they killed the Aspirations levels.
now there's no incentive to play past Diamond ($50k coin-in) since it takes $500k coin-in for 7stars via video poker.


they just emerged from bankruptcy but I think they're shooting themselves in the foot trying to have short term gain at the cost of their mid-level AND high rollers fleeing.

So what do you think about shorting czr?

 

[Ns1]

Lol wtf. Hard pass on that