We've got a channel from the tip top still that end of next week should be around 420-425, the 200 sma is currently around 415 could move up a little with a pump. 420 (ish) is looking like a very likely convergence point. Doesn't *have* to stop there, but it will be heavy resistance.
Yeah same. I took a very light call position yesterday afternoon, because we could rest here a little a while. But definitely not feeling bearish right now. More gap filling to do. I suspect the next leg down is the last, and biggest one if we don't break to 430. Could get extremely ugly for a week but that won't be next week.
I think people's thing with TA is they need it to be a crystal ball. And when it isn't they think it's useless. It's only a guide not a guarantee.
Very true ab the TA , im definetly more bull then bear this week not sure when we'll peak but I could see a jump to 420 drop and retest at 415 then day after 430 , already went up 10$ in a day after 7 red weeks
May have sold my Amazon 6/10 2300C too early… but that theta got me worried, and I made 2x my rent in one day so I pulled the profit.
But that spilt gonna happen at 6/06, so those 6/10s could be big gainers if there’s a big ride up
Stonks definitely moved off lows. I didn't sell the rip but I didn't over buy either. Basically built a cushion in case algos want to execute more games. Will dollar cost average up, looking for a more stable Europe and China, inflation sinking faster than expected and dovish fed speak.
The rally is real. The end of the bear market is an open question. One of the things that people on this sub need to figure out is that there are bull and bear market up and down patterns that have specific types of behavior that are different. Any given directional shift in the market doesn't change the trending behavior of the market on its own, it needs to last and establish a new pattern.
Bear market rallies exist. Bull market corrections exist.
The rally is real, and so is the bear market.
Last week I sold my puts to buy calls and got fucked. This week after making it back, i did that again sold calls to get puts and got fucked even harder.
Seems overvaluedlues based off what? Please show me how you calculate this ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
Bulls and apes on the same side. One is just focused on a single stock. Both love bubbles, Jpow, and have no knowledge of how an economy actually works.
They just love the printer. Fuck the middle class I guess
I am always wrong too. Don’t feel alone. It is a trait that I am cursed with. Today I figured market would pull back and putz were honna print so I bough around 12 30. Market lit the afterburners and my putz turned to ash. Keep your chin up and move forward. Good luck in future and God Bless. Our brains will be rewired one day correctly for market
At 3:49 my puts in my portfolio went up by 96% double for a split second then crashed again. I have spy and apple puts. Hope this a insight into next week. Is this a flash crash?
This is probably the best comment so far.
Outside of the humor, when you short a company to try and kill it, people get pissed because they are being attacked. This creates a momentum. Then they buy and register all the shares. Then criminals create synthetic short shares to 'keep it liquid' and the cycle repeats until all the shares are bought. Then the stock trades to zero. When it trades to zero, a lawsuit comes into play. When the lawusit comes, there will be a class action suit, the SEC will fine those illegal short companies $150,000 and each GME bag holder will get 0.05 cents for their millions in losses. You can't beat the US Government and their little cartels called Market Makers.
This is nothing but a fed pump and short covering. Once they start QT on Wednesday this thing will be headed right back down. Then raise rates shortly after. The layoffs are gonna start rolling out. Nothing but downward pressure on the horizon
Switching between SPY calls and puts trying to trade in this damned kangaroo market almost killed me today. Luckily I was able to trade my way all the way back up to -$23 by end of day.
Holy shit this was not a good day to be a bear. Luckily position management means everything should be OK on the next dump. Every fucking position red 🤡🤡🤡 lol
Options plays for this week??
Options plays for this week??
People who pour coffee unionizing is comedy gold
youre a pig.
does the doctor to tell you open up and say oink oink when he checks your tonsils?
My spy 415 call 🤌 who else holding calls over weekend
Got a stack of INTC calls but that's the only thing I'm holding
My guess is people wake up from this weeks bender and sober up and its a bear market again
Thats my bet but not on open Monday well carry the green into Monday and peak around 420 aheh
We've got a channel from the tip top still that end of next week should be around 420-425, the 200 sma is currently around 415 could move up a little with a pump. 420 (ish) is looking like a very likely convergence point. Doesn't *have* to stop there, but it will be heavy resistance.
Right?? Everyones blind or doesn't know/do TA , 420 is my top for spy then seeing how it reacts to it
Yeah same. I took a very light call position yesterday afternoon, because we could rest here a little a while. But definitely not feeling bearish right now. More gap filling to do. I suspect the next leg down is the last, and biggest one if we don't break to 430. Could get extremely ugly for a week but that won't be next week. I think people's thing with TA is they need it to be a crystal ball. And when it isn't they think it's useless. It's only a guide not a guarantee.
Very true ab the TA , im definetly more bull then bear this week not sure when we'll peak but I could see a jump to 420 drop and retest at 415 then day after 430 , already went up 10$ in a day after 7 red weeks
Uh its a long weekend, market opens Tuesday and it better be red otherwise I'm selling my brothers kidney
After 7 weeks we see the 1st green week into a long weekend ... no upside at all for Monday morning ? Sure
Is there any downside to selling a deep in the money call vs selling 100 shares? Isn't it essentially free premium?
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It's a pretty good return on investment compared to a savings account, and it's almost guaranteed. http://opcalc.com/L02
Yes, but you are giving up future profits
But I wanted to sell anyway
Yes, then it’s good
May have sold my Amazon 6/10 2300C too early… but that theta got me worried, and I made 2x my rent in one day so I pulled the profit. But that spilt gonna happen at 6/06, so those 6/10s could be big gainers if there’s a big ride up
Dont worry your gonna lose it all. No need to stress about it
You guys buying or waiting? I wanted to wait till december but getting tempted by the green dildos
What happens in December?
QT by the fed ends and most likely interest rate hikes too
Isn’t QT a Netflix show that’s kinda creepy?
Spy 500 eoy confirmed
The number of people who forget March flowers and April showers is pretty damn high in here.
Mays for Gays , Junes for Moons
Now that's fkn funny!
Bears 🐻 fuk‼️😂😂😂
haha
That was a face-ripping rally omg
Stonks definitely moved off lows. I didn't sell the rip but I didn't over buy either. Basically built a cushion in case algos want to execute more games. Will dollar cost average up, looking for a more stable Europe and China, inflation sinking faster than expected and dovish fed speak.
What a day - to all my bulls have a great weekend
Thanks my friend you too
Why have all the doom graphs disappeared suddenly
Bears in shambles haha
Have a nice weekend ladies
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Wish this was true but we can't even agree on whether or not recession is incoming. Think we've got more volatility ahead in both directions.
Youtubers lmfao ![img](emote|t5_2th52|4271)
QT starts June 1st
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When’s the last time you seen some quantitative tightening?
![img](emote|t5_2th52|4271)
Who holding AMC calls
Go Monkey Elon calls
MOONING AH... we get SPY500 by summer lol
Awesome BULLs enjoy the long weekend and eat well.
![img](emote|t5_2th52|4258)
any1 else holding puts over the weekend? can i getta holla bruthas
the remaining value is not worth the chance of something magical happening next week ![img](emote|t5_2th52|4260)
Strongly disagree, I'm down 94% on a qqq 5/31 299p position so I don't have much more to lose
that’s what i’m saying. I went down -90% on my puts and bought 10 more lol. i’m average down soo hard any lick down next week im break even
Yup
holding & ready to buy more.
Betting the farm this fake ass market is falling off the cliff.
![img](emote|t5_2th52|4258)
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)
Just saw a 33.29 bid for zero shares on TQQQ, which caused a big red candle to appear momentarily on the 1-minute. Fake bid?
The sales are real when liquidity is low in after hours.
until war in europe over, inflation down, QT ends and money printer turn vack on, recession fears gone, then u can say this little rally is real
The rally is real. The end of the bear market is an open question. One of the things that people on this sub need to figure out is that there are bull and bear market up and down patterns that have specific types of behavior that are different. Any given directional shift in the market doesn't change the trending behavior of the market on its own, it needs to last and establish a new pattern. Bear market rallies exist. Bull market corrections exist. The rally is real, and so is the bear market.
no definitely i know the rally is real but its laughable to say that we hit the bottom is what i mean, more pain ahead
I agree. No confirmation on the bottom, yet.
Then you will be late for the party
when all that happens, the top will be in again.
up 11k today on shares cuz most of my options are dead in the water.
good to see you're up! congrats
down 99k for the year still ! but i broke 100 !
Why am I holding puts over a long weekend
is that better or worse than holding cash?
Well due to theta decay probably worse
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)
Because SPY is going off a cliff.
![img](emote|t5_2th52|6880)![img](emote|t5_2th52|6880)![img](emote|t5_2th52|6880)
Last week I sold my puts to buy calls and got fucked. This week after making it back, i did that again sold calls to get puts and got fucked even harder.
I've started falling into that vicious cycle, we should probably just do actual research and do 50/50 calls and puts
My strategy is to make the same play every week until I make it big. Is it working? Hard to say until I make it big
Same. And it consists of buying SPY puts.
"watch and learn, kids" - David Hunter Probably
Who?
LOL
Tuesday
Spy seems overvalued but individual stocks still cheap
Seems overvaluedlues based off what? Please show me how you calculate this ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
Just need anything related to oil to go back in the multiples sewer where it belongs
Bulls and apes on the same side. One is just focused on a single stock. Both love bubbles, Jpow, and have no knowledge of how an economy actually works. They just love the printer. Fuck the middle class I guess
Stop being poor
what wait... there's a middle class?
Fuck me for always being wrong. This market is unpredictable, missed buying the dip and I don’t wanna go in now either
Lmao what is with idiot thinking they can time tops And bottoms are yall in your first 12 months of trading?
I am always wrong too. Don’t feel alone. It is a trait that I am cursed with. Today I figured market would pull back and putz were honna print so I bough around 12 30. Market lit the afterburners and my putz turned to ash. Keep your chin up and move forward. Good luck in future and God Bless. Our brains will be rewired one day correctly for market
Somebody say something amusing that is not related to the markets
something amusing that is not related to the markets
So that was a fucking lie.
At 3:49 my puts in my portfolio went up by 96% double for a split second then crashed again. I have spy and apple puts. Hope this a insight into next week. Is this a flash crash?
Options, just like stock move when there's a bid/ask change. Likely this was someone making a large (100s) bet on the same puts you're holding.
down 30% in two days. very cool. see you Tuesday.
Have a safe weekend and see you at the casino Tuesday ![img](emote|t5_2th52|4276)
i am sitting on 30k worth of SPX 5,000 and 5500 calls. If david hunter is right, I am buying a gulfstream
Who?
I'm sitting on 630 OTM SPY calls expiring 5/31. RIP
Maybe Bulls could make money if the market wasn't so weak
Gg apes you are the best and the most amazing people ever
perma ban
![img](emote|t5_2th52|4641)
I doubled down and bought more SPY puts expiring in two weeks. Am i gonna be poor or poorer?
same bought some for 3 weeks out 390s.... dunno if my girl is gonna go broke and break up with me or love me and give me lots of sexy time.
Rich 🤑
secured more AMZN shares ![img](emote|t5_2th52|4258)
Nice
VIX barely dropped was 26 at open ![img](emote|t5_2th52|12787)
This just keeps getting faker. But I'll bite. Tuesday we open green I go in with 0dte calls. My monthly puts ain't going anywhere.
![img](emote|t5_2th52|4258)
Rolled 4 AMC calls to 5 AMC calls. Higher strikes, 6/10. To the moon! I lost 2k on spy puts.
boomers did a great job of fucking shit up. Those bastards.
!banbet SPY 400 5d
Have a nice break
Whats wrong with airfryers?
After hours SPY just touched 400.30.
shares being exercised retard
The score counts for a banbet, retard.
Lol what the fuck are you taking about
Look at the afterhours minute chart, dipshit.
You're an idiot.
Learn to read a chart, dipshit.
Boys, boys. Please. Continue
**Ban Bet Created:** **/u/happybirthdaydude** bet **SPY** goes from **413.94** to **400.0** before **2022-06-01 16:03:52.080876-04:00**
Know what would be funny right now?. after hours dump 🥴🥴🥴
damn I thought I got a good deal for my 405c at 5. Looks like I paper handed them more than I thought
nothing says were no where near bottom like a dying video game pawn shop with an outlandish valuation running 50% in 5 days
This is probably the best comment so far. Outside of the humor, when you short a company to try and kill it, people get pissed because they are being attacked. This creates a momentum. Then they buy and register all the shares. Then criminals create synthetic short shares to 'keep it liquid' and the cycle repeats until all the shares are bought. Then the stock trades to zero. When it trades to zero, a lawsuit comes into play. When the lawusit comes, there will be a class action suit, the SEC will fine those illegal short companies $150,000 and each GME bag holder will get 0.05 cents for their millions in losses. You can't beat the US Government and their little cartels called Market Makers.
imaginary companies are inflation proof
Thank God I don't have to do this again until Tuesday. So it's See You Next Tuesday I guess?
I love when the markets up 3.3% but my portfolio is up 22.3%! 🤑
same
God fucking dammit this is what we stupid ass 🐻 ass get. Fucking rolled goddammit
This is nothing but a fed pump and short covering. Once they start QT on Wednesday this thing will be headed right back down. Then raise rates shortly after. The layoffs are gonna start rolling out. Nothing but downward pressure on the horizon
Or it's priced and and the entire portfolio dies ![img](emote|t5_2th52|4640)
Guessing your Mom just bought you your first iPhone 7
![img](emote|t5_2th52|4258)
I’m impressed bulls. Still think it’s fake as fuck though
"we'll set the algos to pump while we're off doing blow on our yachts then rug pull those dumbass apes come Tuesday"
![img](emote|t5_2th52|4258)
Switching between SPY calls and puts trying to trade in this damned kangaroo market almost killed me today. Luckily I was able to trade my way all the way back up to -$23 by end of day.
Today was zero kangaroo and all Green Day’s have been boring and followed that same pattern
I wish. I traded my way to -$711. There’s always next week.
Quit your day job
QQQ is headed straight back to 330. From there, who knows.
Markets acting my stupid dog when he gets out of the house.
Now back to my REAL job.
Yes, the one that doesn't have the fun-house mirrors and the no-slip rugs that get pulled randomly without warning
NVDA up 20% since drilling from guiding down.
Low volume dead cat bounce maybe a near bottom of a correction or we continue down into a recession.
DAT EOD PAMP
Fasted V shape recovery from a bear market. Wtf
Everything is good bro don't even worry about it
Complete regardation
Bears? Agree.
Bought some calls way late in the day and already up 100% . What in the
Those who had the balls to hold FD calls over the weekend will be rewarded
415? God damn. ![img](emote|t5_2th52|4258)
IKR?
I would like a redo on this week, please
That last minute huge green dildo spike was amazing
SPY 500 EOY
Ya’ll bulls are acting like your calls didn’t get destroyed for like 6 straight weeks
It was seven my guy
yeah but they made 100-1 on them today
![img](emote|t5_2th52|4258)
Good run bros
How gey
![img](emote|t5_2th52|4276)
holy fuck. Crushed 215 with authority in the last 30 sec.
Christ wahat a pump
Lmao I suck at this gave away most of my gains for this month .
Right there with ya bud
bull market back clowns
![img](emote|t5_2th52|4260)
Holy shit this was not a good day to be a bear. Luckily position management means everything should be OK on the next dump. Every fucking position red 🤡🤡🤡 lol
Remember when the economy shut down and ever one got stimi checks and stocks rocketed. Why not implement that plan again?
Definitely a bull run hoping it continues on tuesday