trading

[defc0n]

Tomorrow can be a volatile day - any moment a tweet or leak can happen about the meeting with vice-premier.

Buy lotto tickets on both sides of the trade?

 

[EVNow]

Buy lotto tickets on both sides of the trade?

Not a bad idea. Anyone knows when trump is supposed to meet He ? Ofcourse, the surprise leaks/tweets can come at anytime.

 

[defc0n]

I'm short S&P (bought SH) for fun w/ trading account just now.

 

[bdy0627]

I bought some SPY puts this morning. I think the risk is high for a drop unless substantial positive trade news comes out today.

 

[defc0n]

Amazingly Im barely green on this trade. I bet come Monday morning I won’t be.

 

[EVNow]

My take is that Trump can't afford a tariff melt-down (as well) at this moment. China has a lot of incentives to go slow (that keeps HongKong off the radar), Trump doesn't.

 

[defc0n]

Covered my s&p short and made some pocket change

 

[jeewee3000]

Decreased my TSLA trading position at $255. Either we are breaking out to higher places, or we will return to below the BB. I'm waiting for a dip before getting in any more short term TSLA positions.

 

[bdy0627]

I sold my SPY puts this morning as I was really playing for a quick gap fill down today that did not happen. Looks like it may consolidate here instead.
Also sold my TSLA calls today at 200 MA on the daily.

 

[defc0n]

Decreased my TSLA trading position at $255. Either we are breaking out to higher places, or we will return to below the BB. I'm waiting for a dip before getting in any more short term TSLA positions.

If I get a reasonable dip here soon before earnings I’ll probably buy again.

 

[ev-enthusiast]

Decreased my TSLA trading position at $255. Either we are breaking out to higher places, or we will return to below the BB. I'm waiting for a dip before getting in any more short term TSLA positions.

Still waiting for a dip, too.

 

[jeewee3000]

Still waiting for a dip, too.

IMO we will see a dip soon no matter what: either the rally won't continue into ER on the 23rd, or the rally will be ended by the conference call.

The hypothesis in which the stock price rallies into and after ER seems unlikely to me. I could be wrong, but then I still have my core holding.

 

[defc0n]

Shorting s&p again

 

[defc0n]

Shorting s&p again

More pocket change secured.

 

[Antares Nebula]

The open, close, and high the day of the Q2 earnings drop was 259.17, 264.88, and 266.07, respectively.

Earlier in the week, it already hit 259.17, and so there was a partial gap fill. Today the high was 264.78, ten cents shy of the full gap fill with the respect to the above closing price. I'm going to consider this "good enough" and call it a full gap fill.

Since we have now filled the gap, as all the TA folks were calling for, it may now start to head back down.

However, many TA folks are also calling for further upside based on various chart patterns, like cup and handle, etc. Depending how you draw them, this could target anywhere from 280-340. Of course, there is a lot of supply above 260 that will require significant news or time to cut through. So kinda all depends on the earnings. Your guess is as good as mine. We could be at 300 or 220 after earnings. In these last few days up to earnings, it's also anybody's guess. But seven or eight days of green in a row, you figure that there's going to be a pull back sooner or later. Or not. GLTA.

Edit: Keep in mind that there are also many other gaps (that may or may not fill) above and below the current price.

 

[defc0n]

264 certainly looks like it should be a local high.

 

[defc0n]

I’d say it mostly depends on macros at this point. Should have quite a bit of room to run up if it clears this level though.

 

[Johann Koeber]

I am selling 280 Calls for $4
and 240 Puts for $3.50
for next week (Oct25)

hoping both expire worthless
otherwise plan to roll them

Selling more puts than calls (50% more)

 

[defc0n]

Short S&P yet again. Would still want to see TSLA come down more before buying ahead of earnings. Would not hold during earnings report.

 

[EVNow]

I am selling 280 Calls for $4
and 240 Puts for $3.50
for next week (Oct25)

hoping both expire worthless
otherwise plan to roll them

Selling more puts than calls (50% more)

Past 9 ERs have produced more than $15 change - except Q4 '18. If the market reaction is negative I expect SP to be below $240. 280 looks safe (only in Q2 '18 it went up by $48.