The market is going up. Thus, the prior .007 Piggish Play to short what's its name, is not an idea that I would champion with certainty.
Given that the market will likely "pull back" on the open, it will only do so for the purposes of offering an absolute gift of a buying opportunity. Further, the S&P needs to "technically" reach a new low on this last swing down, which will likely look like a long wick on the hourly chart by the end of today.
Take advantage and buy discounted 1030 strikes for July 10th expiration.
This will melt-up, rest assured.
-Replacement Pig
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Yo-yo,
All time high close + 1127 price target from GS = not a bad start.
Not a great day for the internet-content players, since AMZN got a bit of "unfortunate" news today, which held back everything else.
Weird - feel like Tesla received some similarly weird news today at a very inopportune time.
Oh well, play looks about right compared to how I pictured it. Could have used an additional 20 points at the end, but cannot complain overall.
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Naht bad, naht bad at all. Still has 100 points of room (minimum), so I'll be cashing out on the button if there is a gap up of any kind.
But wait, there's more - I will also subsequently purchase next week's contracts with a strike of 1040 - 1080 when gap inevitably closes due to profit taking.
Unless bears manage to actually connect on a post-profit taking attack, I will be carrying this plan out.
Another toll-free tidbit: Shop is one of the VERY FEW stocks that makes some of its biggest moves on Fridays. An incredible feature for the contract-seeking folks.
-P
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This will follow amazon. Hold.
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Got smacked today, tape was horribly weak. Of the open Pig Plays, this one should be looked at last. Still a bull until ER.
hi Big , seem overbought on Shop , see RIS over 80 ,
is it still good to entry ? and which you suggest ? thank you
UnknownUnicorn5511258
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@katgold, heyo. It is indeed. Today was the day to ride, would not suggest an OTM call play for next week if you do not already have a position.
If you are experienced and prefer risk, you could buy contracts expiring tomorrow at the money after AM profit taking seems to die-down. Can ride 20 points for free.
Better Play: TSLA Calls on the Open Expiring Today
Best Play: TSLA Calls on the Open --> Sell at 2:25 p.m. for thousands in profit --> Do Nothing Until 3:44 P.M. --> Roll Half TSLA Profits into AMZN Calls Expiring Next Week, 100 Bucks Out
Sincerely,
-Perma
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@katgold, slight update due to the shenanigans of the Tesla c-suite clowns. They are pumping price up indirectly + NIO just crushed production estimates. Henceforth,
New Best Strategy: Wait for gap close/attempt at gap close and then launch Tesla calls expiring today. This will be lightning-fast gap close and if you get in under 2150, let me know and I will mail you a gold star.
Rest of the strategy holds, but may want to consider AMZN on the button as well. Both stocks have left the station and will not be stopping for anyone in the near future.
Best of luck Mizz Gold
goldenkat
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@Perma_Pig, good morning , thank you Pig , i texted you a lot , but did not see my messege here after your text
goldenkat
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@Perma_Pig, please check my message at private chat :)
is it still good to entry ? and which you suggest ? thank you