Talking Stocks 2.0

[TradingLoss]

You all should drop QQQs and just get into /NQ, NQ creates the QQQs and TQQQs anyways.


***Opinions not advice***

[chsu74]

I sold PYPL $280 June straddles today. Collected $51 in premiums and paid $254
Low last week was $223 and high weeks prior was $309. Avg cost will be $240 if I get put shares in June. Can live with that.

Also sold SI $140 straddles for next Fri.

[JParm]

Not upset about that close today. All things considered, great 3 days - let's see if we can end the week strong tomorrow.

SE, MELI, MGNI, and APPS (out of 12 total holdings) led the way for me today.

[hkuo]

Originally Posted by jpeezy14@hotmail.com

Not upset about that close today. All things considered, great 3 days - let's see if we can end the week strong tomorrow.

SE, MELI, MGNI, and APPS (out of 12 total holdings) led the way for me today.

I finally broke even with APPS and trimmed my position. I’m going to keep some cash on hand after the past couple week.

Coupang went public today so I’m going to keep my eye on them. Hopefully they go up like SE.

[JParm]

Originally Posted by hkuo

I finally broke even with APPS and trimmed my position. I’m going to keep some cash on hand after the past couple week.

Coupang went public today so I’m going to keep my eye on them. Hopefully they go up like SE.

I don't disagree with the move. I shifted some away from APPS and MGNI to open the SHOP position. Still a high growth (read: volatile) stock, but wanted a bit more diversification.

[TradingLoss]

Asia session looks weak for US Equity index futures, as if it wants to flip over for Friday session.

Had to work out a lot of institutional short positioning yesterday zzz. Invesco hedging their exposure as usual.

[Eyenigma]

I still think we see rotation out of tech. Stuff to buy IMHO is the reopening or "economy post COVID"

• $DIS - Disney. It's going to go from great to even greater once Disneyland opens back up.
• $CRWD - Hard to imagine a scenario where they didn't absoutely kill it in Q4. Cybersecurity should be bought. Hand over fist.
• $CCL - Carnival report next week. Real question will be any guidance or indication as to when they'll be back on the water. One has to think sooner than later.
• $AAPL - Dead money as of late, but it's still... Apple. They could buy my soul with change in their couch cushions. You'd have to imagine they'll be buying back shares here with itchy investors getting antsy. Also once their retail stores open back in earnest, or they will themselves to innovate again?

[7sins]

Originally Posted by Magnum75

Well I guess that explains the increase in the Mar 19 350C contracts I saw earlier this morning. I wasn't sure what that was about.

Love it, aggressive on the 350c but you cleaned up today.

Originally Posted by huncho

i dca'ed into fedex june calls a few times and i'm still down around 10%, but this is good news and movement and looking at the options chart there's definitely still room for a nice profit to be gained. hoping it continues its run in the next few weeks

You and me both, I plan to trim right before ER just in case we see a repeat of last ER. Great day today and traded past $270 barrier AH.

Originally Posted by bimmer nerd

Picked up more COST

What are your thoughts on COST? I've been thinking of starting a position after the recent consolidation.

Originally Posted by chsu74

I sold PYPL $280 June straddles today. Collected $51 in premiums and paid $254
Low last week was $223 and high weeks prior was $309. Avg cost will be $240 if I get put shares in June. Can live with that.

Also sold SI $140 straddles for next Fri.

Right there with you, I own jan 2022 $220c, $240c, $270c and $290c. I think this is a great play, better relative value than SQ and added over the last few weeks. Plausible more room to grow from here.

Originally Posted by bimmer nerd

Great news if you're in GOEV!

https://www.theverge.com/2021/3/10/2...hotos-revealed

Assuming the 30 yr Treasury Bond sale goes without a hiccup similar to 10 yr I will start opening more positions tomorrow. I think this should alleviate most of the fears that caused the sell off.



Opened a $140C on QCOM before close.

I am in QCOM too, are you concerned with Apple's plan to start making their own modems to replace QCOM? Trying to decide on an exit plan.

[TradingLoss]

Risk off tomorrow for NQ futures crashing overnight into EU session.

10 year climbing over 1.60% | ZN Futures selling off



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[TradingLoss]

That 1 year anniversary selloff cometh.




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[bimmer nerd]

Originally Posted by 7sins

Love it, aggressive on the 350c but you cleaned up today.


You and me both, I plan to trim right before ER just in case we see a repeat of last ER. Great day today and traded past $270 barrier AH.

What are your thoughts on COST? I've been thinking of starting a position after the recent consolidation.

Right there with you, I own jan 2022 $220c, $240c, $270c and $290c. I think this is a great play, better relative value than SQ and added over the last few weeks. Plausible more room to grow from here.

I am in QCOM too, are you concerned with Apple's plan to start making their own modems to replace QCOM? Trying to decide on an exit plan.

Regarding Costco, I believe the sell off was an over reaction to the economy reopening with the argument that people will shop there less. It’s Costco, family’s will still go there to buy items in bulk at wholesale prices.
In addition, it bounced off nicely at the 200SMA mark.

I’m planning on exiting QCOM prior to their earnings. It was a slight gamble going in but nevertheless I still think it’s a great company long term and should be able to recover from any tail winds similar to how INTC did after Apple’s departure.

[bimmer nerd]

Originally Posted by TradingLoss

That 1 year anniversary selloff cometh.

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Ready with more cash if it is.

What are your thoughts? Another rotation from tech to value stocks?

[TradingLoss]

Originally Posted by bimmer nerd

Ready with more cash if it is.



What are your thoughts? Another rotation from tech to value stocks?

I don't focus on single equity names, primarily equity index futures.

With that being said.

The tech play shines only during the pandemic you'll see Nasdaq100 volatility come back to historical norms, 2020 was just an outlier.

Watching orderflow yesterday that rally was weak and the signing of stimulus had no strong reaction. It's been priced in a while ago, yesterday as I said alot of institutional positioning shifting almost to net short equity index, just to cover the potential downside risk of profit taking and capital outflows from structured index etfs.

I called a while back that 1 year sell off shocker anniversary is possible, it won't be as crazy as last year but, people thinking of LT cap gains as a retail investor doesn't supersede the power of institutional names winding down positions and exposure.

Furthermore 1st notice has been served as triple witching is next week for equity index futures, options and options on futures expiring all at once.

Alot of contract rolls switching to the new front month.

Expect alot of upside and downside vol the upcoming week.

Phones don't stop ringing and the squawk is blowing up.

Originally Posted by bimmer nerd

Another rotation from tech to value stocks?

Next potential drivers would be anything that got crushed via the corona.


Anything usually oil-related. That's a start. Not a bad eye on your part.

Our /CL desk has been active as of late.


//**Opinions not advice to trade futures or securities on and off-exchange, no relevant positions or positioning was divulged nor proprietary information, all market related opinions screened and cleared by compliance**\\

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[TradingLoss]

Whoever bought into tech, or any ETFs tied to it yesterday hoping that stimuli will push such names or ETFs. Get ready for the open, it's gonna gap down and hurt.

[Magnum75]

Originally Posted by 7sins

Love it, aggressive on the 350c but you cleaned up today.

Didn't mean to imply I purchased those; too risky of a move for me. I just happened to be looking at the top volume FDX strikes and was surprised to see 350C there. This was before the upgrade announcement (or before it was on my screen).

I'm still holding Apr 16 270C. While yesterday was a good day, I'm concerned for all of the reasons you already mentioned.

[TradingLoss]

So how's that 1 year anniversary decline going?

Still got the rest of the session to take out yesterday's highs

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[logo]

Originally Posted by TradingLoss

So how's that 1 year anniversary decline going?

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Not sure if I’m looking at the same things as you, market doesn’t look too bad at all currently given the massive rebound that occurred all week. Or are you referring to something else?

[JParm]

Originally Posted by logo

Not sure if I’m looking at the same things as you, market doesn’t look too bad at all currently given the massive rebound that occurred all week. Or are you referring to something else?

Agree. If this continues, we might see a red to green.

[JParm]

Originally Posted by logo

Not sure if I’m looking at the same things as you, market doesn’t look too bad at all currently given the massive rebound that occurred all week. Or are you referring to something else?

Agree. Strong selling at open but if this continues, we might see a red to green.

[huncho]

Originally Posted by 7sins

Love it, aggressive on the 350c but you cleaned up today.


You and me both, I plan to trim right before ER just in case we see a repeat of last ER. Great day today and traded past $270 barrier AH.


What are your thoughts on COST? I've been thinking of starting a position after the recent consolidation.



Right there with you, I own jan 2022 $220c, $240c, $270c and $290c. I think this is a great play, better relative value than SQ and added over the last few weeks. Plausible more room to grow from here.



I am in QCOM too, are you concerned with Apple's plan to start making their own modems to replace QCOM? Trying to decide on an exit plan.

i have the same plan, if somehow i'm green next week i might try to get out and reenter after earnings. i like it as a long term hold but always get burned by earnings

[TradingLoss]

Originally Posted by logo

Not sure if I’m looking at the same things as you, market doesn’t look too bad at all currently given the massive rebound that occurred all week. Or are you referring to something else?

Nasdaq futures, totally different from the single equity names you're all looking at.

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[logo]

Originally Posted by TradingLoss

Nasdaq futures, totally different from the single equity names you're all looking at.

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Ah, makes sense. Thanks

[Fabrice M]

One thing that strikes me reading this thread is that most people actually don't seem to have a comprehensive trading plan. If you look at the market everyday then don't rely on fundamental analysis, that's for long term investing, it will do you no good on a daily or weekly time frame and you will loose money. You can't intellectualize the market, it's a recipe for disaster. Have a trading plan and stick to it. Plan your entries and exits days, weeks even month in advance, not that day. And realize that the market offers 2 way to make money, you can go long but you can also go short. The only bad day in the market are sideway days...

[TradingLoss]

Originally Posted by Fabrice M

One thing that strikes me reading this thread is that most people actually don't seem to have a comprehensive trading plan. If you look at the market everyday then don't rely on fundamental analysis, that's for long term investing, it will do you no good on a daily or weekly time frame and you will loose money. You can't intellectualize the market, it's a recipe for disaster. Have a trading plan and stick to it. Plan your entries and exits days, weeks even month in advance, not that day. And realize that the market offers 2 way to make money, you can go long but you can also go short. The only bad day in the market are sideway days...

Unfortunately this doesn't apply to me, I'm told to work out orders via execution algorithms, buy or sell without directional bias and outright unhedged exposure.

The retail trading life seems so complex to me. Like walking on thin ice.

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[logo]

Originally Posted by TradingLoss

Unfortunately this doesn't apply to me, I'm told to work out orders via execution algorithms, buy or sell without directional bias and outright unhedged exposure.

The retail trading life seems so complex to me. Like walking on thin ice.

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Nah us retail have a simple three step strategy:

1. Yolo it all on GME
2. In Jerome Powell we trust
3. Diamond hands

Just kidding.

[Fabrice M]

Originally Posted by TradingLoss

Unfortunately this doesn't apply to me, I'm told to work out orders via execution algorithms, buy or sell without directional bias and outright unhedged exposure.

The retail trading life seems so complex to me. Like walking on thin ice.

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It doesn't apply to you because you trade futures, and from what I read probably a pro working for a financial institution... It is a completely different mind set. Nobody hold a future contract as an investment, we are speculators not investors. But this thread is called Stock 2.0, not Futures 2.0 : ) and most people here invest their own money... Maybe we should have our own thread : ) I am sure there are other people trading futures in this forum...

[austinp]

Originally Posted by logo

Nah us retail have a simple three step strategy:

1. Yolo it all on GME
2. In Jerome Powell we trust
3. Diamond hands

Just kidding.

Now we’re talking!


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[-dustin]

Originally Posted by logo

nah us retail have a simple three step strategy:

1. Yolo it all on gme
2. In jerome powell we trust
3. Diamond hands

just kidding.

to the moon

[FLGatorM5]

Originally Posted by Fabrice M

One thing that strikes me reading this thread is that most people actually don't seem to have a comprehensive trading plan. If you look at the market everyday then don't rely on fundamental analysis, that's for long term investing, it will do you no good on a daily or weekly time frame and you will loose money. You can't intellectualize the market, it's a recipe for disaster. Have a trading plan and stick to it. Plan your entries and exits days, weeks even month in advance, not that day. And realize that the market offers 2 way to make money, you can go long but you can also go short. The only bad day in the market are sideway days...

Good thoughts. Hence my vote earlier to continue the options discussion in here.

It sort of surprised me how many folks here were lamenting over a few down weeks (and what was it, 2?). Furthermore, how much risk some take in their long only positions. Don’t get me wrong, I’m one of them on a few buggers. But there are many ways to hedge (and sometimes reasons to not) with very little risk and/or cost. I’m still working on it and learning, but these last three weeks created some fantastic opportunities.

[huncho]

Originally Posted by FLGatorM5

Good thoughts. Hence my vote earlier to continue the options discussion in here.

It sort of surprised me how many folks here were lamenting over a few down weeks (and what was it, 2?). Furthermore, how much risk some take in their long only positions. Don’t get me wrong, I’m one of them on a few buggers. But there are many ways to hedge (and sometimes reasons to not) with very little risk and/or cost. I’m still working on it and learning, but these last three weeks created some fantastic opportunities.

if you're in options the week we had last week can wipe out your portfolio so it does get scary, especially when it looked like there was no end in sight. for example i bought the dip 3 times (once each of the 3 really bad days) and was down 50% on each of the 3 leaps i bought by the time we hit the bottom. my biggest mistake was buying too early on the first day (and buying on the first day to begin with) but learned my lesson there. not even gonna mention existing positions and if people were adding during the rally of the past few months. when you see months of gains wiped out in a day or two it does start to hit you