Almost everything we have talked about buying in here has taken a beating.... APPS, OPEN, PYPL, DIS....... If fundamentals haven't changed, buy the dip.....
constructed these bullish plays on HAL, whose IV is > 50, using Jan 21 expiration, which is just before the next ERS, from a late Oct high of 27.25, HAL stock price has dropped > 20%---appears to be bouncing off 62% retracement. currently trading ~22, my price target is 25 buy a bullish CALL spread, bto 21 strike CALL, sto 26 strike CALL, net cost $1.58; to be financed by selling a bullish PUT spread bto 19 strike PUT, sto 24 strike PUT, net credit of $2.23 net/net, i am pocketing $0,65 waiting for HAL to reach 25 by 21 Jan max profit, should HAL trade > $26, $7.23 max risk, should HAL trade < $19, $4.35
So how is everyone surviving this blood bath of a week? I'm not even going to look anymore rest of the day....well maybe I will.
Goodness gracious. Everyone's buttholes are puckered up right now. I am just going to hold everything for now. Should have waited to buy my APPS and LUV leaps. Thought Tuesday was the dip......lol
holding for a bit longer but want to continue buying oil/finance/airlines while i consider them down. probably get some long LUV calls. conspiracy time: i've seen this a few times across the webs. with the gme/amc fiasco, are they manipulating the market to make the lost money back? the monday dip to tuesday morning rise back to big tuesday afternoon dip. such drastic swings in short time reeks of uncontrolled market manipulation. or is it just the massive amount of option plays on margin?
Well I sure am glad I decided to lock in profits and losses earlier this week. Looks like things could be bumpy for a while.
the bearish CALL credit spread worked out, i get to keep the $4.5 premium collected in advance. since the late Oct ERS, NFLX has dropped over 100 pt, a ~ 17% decline, currently sitting on 100 dma, ~596, which may not hold. as 590 is the 50% retracement level 200 dma is ~ 567, very close to 62% retracement level ~ 563 NFLX's steady / drastic decline doesn't make sense NFLX's streaming kicks its competitors butts (Disney, CBS and others) big time in the wake of the fear over the new variant OMNICRON, NFLX stands to be a major beneficiary looking for a doji or other trend reversal signal, like just a green candle after 11 red candles in a row
either a buying opportunity or a falling knife SFIX has fallen from a high of ~114 in late Jan to 23 today also, based on what my amateur eyes see, the ultimate meme stock GME is poised to fall back to pre-"meme mania" levels, below 25
Jina not looking too grande. But it took a couple years for housing probs to surface in 08. Just lurking around.... Wish i knew more about the dollar
w a gain of ~ 110%, BX ( a recognized leader in alternative assets mgmt) has been one of the best performers this year, from an all-time high of 149 in mid Nov, it has dropped 15, sitting on 50 dma (near 135) looking for support i own quite a bit of BX stocks, and have traded on its momentum runs, via options, frequently. its next ERS will be 1-26-2022; next X-Div date in early Feb. going into ERS, i have a bullish take on BX and have constructed these spreads using 1-21-22 expiration. sold a 135/125 bullish PUT spread, collecting $3.3 in advance, to partially finance the purchase of a 135/145 bullish CALL spread, at a cost of $4.6 net/net, i m paying $1.3 to participate on these bullish spreads max profit ( 10 + 3.3) = 13.3 max risk (1.3 + 6.7) = 8
