I am definitely still bullish, y’all… The last three days I’ve played daily calls and won and that is not indicator of anything because you can play both sides most of the time… but I am bullish… We’re at the bottom of the channel… Yes, lots of funds blew up last week, but then there’s a lot of people that have been mostly in cash since jan (ME) that are itching to play again (outside of just the daily day trade scalping)…
There’s a lot of deals out there right now and I think that we will see a little bit of green in the next week or so. I’m sure the bottom’s not in but money is shifting around and some names you won’t be able to see this low again….
What stocks are you guys thinking about possibly nibbling on?? I bought NIO and RIVN, TQQQ, and AMD this week… definitely looking for others that have taken a beating lately….
Good luck y’all and as always let me know what you think, and sorry if I’m slow to respond sometimes…
@Original_Stock_Whisperer, LOL... I DID... I played calls this morning for 50% and I just closed my puts about 20 mins ago... also for 50%... I'm not messing around... I'm in and out intraday... ☺️. I'm still bullish here, short term but I'm not holding anything... plenty of opportunity during the day without the stress of holding over the weekend.... Thanks for looking out and have a wonderful weekend, my friend!! 🌊🌺🥰
Original_Stock_Whisperer
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@LadyAmalthea12, that's awesome!! Congrats!! Well played my friend, well played. Enjoy your weekend!!
I’ve bought tqqq got calls on hd had a few successful day trades on both side tqqq an sqqq .. put a put at the top of sqqq thinking we’re do a rally but overall trend hasn’t changed not sure how far we will go I was thinking 3600$ on s&p what do u think!? Thanks for sharing!!!
eminalopalop
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Thank you so much for sharing your insights!
rock1986
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What makes you think AMD can't go to 71?
wujo
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I think we are close. My suspicion is that this is another relief pump before we retest 385 (possible break to 382/383) and then the rally comes next week. Will be watching.
lonehorse
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Hi! I am holding SPY 440 calls July 15, down 60%, any chance I'll be able to break even. Thanks!
SPYder_QQQueen_Trading
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@lonehorse, Absolutely anything can happen but I don't think you have probability on your side here... The expected move is to 429 on that contract. Are you selling calls as well or just naked calls? Did you go far out OTM on purpose, or is this a longer play from a few weeks back?? In my personal opinion that's too far out and theta will crush this option... If you look at the chart theres a LOT of resistance between here and there and i don't think theres a big change of that option playing out well... if we have even a small rally in the next day or two I'd get out...