**OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

[camaleom]

AMD hitting $121.28 would be top of 1.168 fib extension

RSI is getting cooked big time.


if there was moment where profit gets taken it would be there.


but than again market is just gambling.


210,000 option contracts for amd $120C expiring Friday already traded this morning.

puts at 121 - pray for me boyos

[twovalvekid]

You guys reading about the extended eviction moratorium and how there's billions of dollars of landlord funding unused? This fall/winter is going to get so ****ing ugly.

Nothing like the CDC being told they dont have authority by scotus and then finding an end around.

Fukking pathetic.

For earnings plays next Tuesday - is it a better idea to buy calls today/tomorrow, or right before earnings?

If I buy tomorrow, I will be paying more simply due to longer DTE, but if I buy Tuesday I would possibly be paying a bit more due to increased underlying and/or open interest (not even sure if open interest affects pricing).

How about you just pick some decent stonks and hold them for a few months ruggy?

[W1LLW]

puts at 121 - pray for me boyos

brrrrrrrrrrr

[Carbonfibre]

640K shares block trade at AMD $121 went through.

ie someone probably just took profit and sold $80ish million worth of AMD.

now if there is logic in stock market AMD would go retest $105 level and than consolidate to go at $130 at some point in future.

all that being said.

amd volume is nuts...option volume is nuts. nothing but calls.

it might take a while for this thing to resolve itself.

would not be trying to time this at all.

[camaleom]

puts at 121 - pray for me boyos

and 2k in the pocket... easy in and out

done for the day

[camaleom]

brrrrrrrrrrr

- rsi was hot af

[W1LLW]

curious, how many contracts did you buy?

more than you can afford pal.

[Carbonfibre]

curious, how many contracts did you buy?

let me help you out ruggy

probably $110P expiring Friday 08/06/21

buy $1K worth of contracts flip for $3-4K in span of 10-15 minutes.

those contracts are worth $100 as amd again touching $120.

buy grenade and pray to god it hits before it explodes on you.

considering your post about crsr options into earnings I suggest you stay clear since you're gambling and not trading.

[A1lthatrema1ns]

God damn AMD

[camaleom]

curious, how many contracts did you buy?

20 contract at 500 max lost +/- per contract so I had 10k max lost but in reality I was only willing to lose 1 maybe 2k MAX if zhit hit the fan

[camaleom]

buy grenade and pray to god it hits before it explodes on you.

somewhat this... but the RSI as you said yourself was high af so not a full grenade ala enph lol

when volatility is that high you most of the time have a small window to make money

[twovalvekid]

Every other week there seems to be some kind of potential dreadful news, so I don't want to be holding when the rug might be pulled. I'm back to scalping both shares and options, it's been working well aside from a missed CRSR earnings a couple days ago.

You dont buy all at once, that's how you not worry about the rug being pulled out ruggy.

If you have 10k to spend (or hell i dunno maybe a few hundred bucks like KingSWRV), you dont go balls deep from the get go. Maybe 1-2k at a time on each big red dildo day.

[aberry33]

and 2k in the pocket... easy in and out

done for the day

Congrats nice job

[camaleom]

let me help you out ruggy

probably $110P expiring Friday 08/06/21

"puts at 121 - pray for me boyos" with friday expiration but i won't be crazy enough to let it run until friday

limit price in 5.95 - out 7.45

---

I keep talking about enph because I didn't follow my own strategy... I had 1k in profit right after my puts but my greedy self took over and I let them run a couple hours... the rest is history lol

[Carbonfibre]

spot on, Carbon. JFL

trading is by definition gambling, lol @ telling me to stay clear as if you know with 100% certainty what direction something will move. at best, you're making an educated gamble, just like everyone else.

poor me, no clue how I will recoup my massive $100 loss on CRSR calls lmao.. I took a tiny risk for a potentially large gain, I don't regret that much at all.

calm down ruggy

what was potential large gain on CRSR to go from $100 to $2K....odds of that is like lottery ticket...when you flip $100 to $400-500 on option.

you get cocky and do it over and over.


don't equate gambling and investing.

For earnings plays next Tuesday - is it a better idea to buy calls today/tomorrow, or right before earnings?

If I buy tomorrow, I will be paying more simply due to longer DTE, but if I buy Tuesday I would possibly be paying a bit more due to increased underlying and/or open interest (not even sure if open interest affects pricing).

gambling/10

"puts at 121 - pray for me boyos" with friday expiration but i won't be crazy enough to let it run until friday

limit price in 5.95 - out 7.45

Really dangerous move to put that much on the line.

I would have gone way further otm for cheaper puts ie $110P where you risk would be very small.

Advice don't do that often srs.

No matter how confident you're.

[camaleom]

Advice don't do that often srs.

100% right my man

[im2manly]

What happened to my LUMNs! Getting crushed

[Carbonfibre]

HOOD strikes already showing $95 written.

max was $70C this morning.

if they start buying $95C volume / OI goes nuts they can pull that shiit up there with pure options.


only touch stock imo and use stop loss.

[HMFIC_BROWSIN]

Etsy pumping. Too bad I only bought a few shares.

[Carbonfibre]

brah, I asked a question (to nobody in particular) and then you answered it with an insult at the end, are you surprised I'm a bit rustled? lol.

anyways - CRSR has been pinned to the $30 range for some time. There was speculation that since LOGI's highest sales from it's ER last week was in the gaming sector, that CRSR would have favorable earnings. I bought $35C for 8/20 expiry, wasn't expecting a huge gain, but looking at what AMD did, it wasn't out of the realm of possibility. The total play was maybe 0.5% of my account lol, very small risk. I'm aware it's not trading at it's true valuation as well, but you know how the market is right now. No cockiness..

Anyways, gambling, investing, trading, nobody knows what's going to happen tomorrow, at best someone with more information is gambling with better odds than someone with less information.

So you go from here.






CRSR is stay home play.

where was the big move. when we were in lockdown.

Aug 3, 2021 BMO -6.4%
May 4, 2021 BMO -2.5%
Feb 9, 2021 BMO -2.8%
Nov 10, 2020 BMO +6.3%

look at LOGI

Jul 26, 2021 AMC -10.3%
Apr 28, 2021 AMC -2.7%
Jan 18, 2021 AMC -3.2%
Oct 19, 2020 AMC +15.8%

if that -10 on logi wasn't give away that CRSR was going to do same shiit than I don't what else could have told you.


AMD and CRSR is not comparable.

computer cases / keyboards / power supply is not same.


if you ain't going to do your own dd before gambling and trusting what speculation is predicting I have some bad news for you.

faster you learn that you need to make your own calls the better you will be at trading.

[camaleom]

HOOD strikes already showing $95 written.

max was $70C this morning.

if they start buying $95C volume / OI goes nuts they can pull that shiit up there with pure options.


only touch stock imo and use stop loss.

it is gonna be the greatest rug pull of all time...

no thx lol

btw: coin to test again that 244-248 range... keep an eye on it cause if it doesn't break it then it will prob go down to mid 230s again but if it doesn't then look at 249 - it could be a nice put play eow or beggining of next week

[Carbonfibre]

it is gonna be the greatest rug pull of all time...

no thx lol

if I were some hedge fund.

hire bunch of interns to write DD on wsb upvote to front page

buy bunch of bot accounts to make HOOD trending on fintwit / stocktwits etc.

let it trend.

retail frenzy

than find new bag holders.


the good old parabolic pattern.

atm there is no clue at what red circle it is at

someone is gonna be rich as **** from this.

[SipNPiz]

Rh said if I sold my ipo shares within 30 days then I might not get future allocations but I don’t think I can resist selling if it hits 76 today…

[thatsnarf]

fkin MRNA still going strong.

so jealous...

but but insiders sell their shares.......

[Carbonfibre]

Carbon - not disagreeing with your DD. It's certainly more substantial than mine (for me it was a low risk play, I didn't care to lose the money, and I still haven't lost it since I have time to expiry). Question is, I posted that play prior to earnings - assuming you read it since you're bringing it up now from memory, why didn't you buy puts? Seems like easy money, yes? The DD probably took you a grand 5 minutes? Is it because there was some risk that you weren't comfortable taking?

CRSR chart is ugly.

Also earnings is gambling. 9/10 times its priced in.

I am at office (atm) no more stay at home so can't trade options. I come home after market is closed.

You want to buy whats trending rather than praying it will go where you think it will go. (if you go back many pages I told you AMD above previous ath was gonna be hell of trade)

AMD is probably peaking atm so you're chasing if you want in.

Also running into earnings IV for anything will be jacked because market maker needs to make sure they are hedged correctly.

Pro trader will likely do iron condor or spreads and never straight up options on anything that they want to speculate earnings on.


From charting you want to look at two things.


The run up and sell off after earnings. look at FB chart

Drop after earnings than someone starts buying ie AMD chart.


edit: since I am being nice.

review this page hard.

https://finviz.com/quote.ashx?t=FB

go here check the metrics etc
https://wallmine.com/nasdaq/fb

look at price targets

that eps profit roa etc.

even with poor guidance due to apple privacy thing after earnings sell off.

FB never even touched 50 SMA. someone already buying it up

if FB breaks over ath which could be about to test next week. what can you do? buy the ****ing stock.

money is money as shiit bag zuck is.

we are here to make money.

[SouthDakotaBrah]

would recommend XLNX if you're long on AMD. I actually trimmed my long-term AMD shares today and put it into XLNX

If you truly believe the AMD-XLNX merge will go through (pending China's regulatory approval currently), then XLNX represents the ability to purchase AMD at ~$84/share. Basically, once the merge goes through, each share of XLNX will be converted to 1.73 shares of AMD. The XLNX/AMD price ratio has tanked the past couple days as investors who initiated this position months ago (short AMD, long XLNX) were margin called as AMD shares have shot up 25% in the past week (while XLNX remains flat over the past week) and have been forced to sell their XLNX to pay off their AMD shorts

This charts shows two things:
(1) investors do not think AMD will remain close to the $120 price point by the time the deal goes through (this is represented by the price ratio decreasing from ~1.55 to ~1.3 the past few days)
(2) investors are hesitant the deal will go through at all (this is represented by the spread between the ~1.55 price ratio that has been seen over the past several months compared to the 1.73 price ratio represented by the merge)

[W1LLW]

fkin MRNA still going strong.

so jealous...

but but insiders sell their shares.......

I mean they do but retail buying is a sumbitch.

[HMFIC_BROWSIN]

I'm over here hoping for more ARM fud so I can add NVDA shares.

[camaleom]

lots of run ups today - sofi is another one

[MisterInfinity]

Holy fking shiet at Oil, glad I jumped ship like 2 weeks ago, goddamn this is brutal.