Keeping an eye on
#hal - Halliburton
#slb - Schlumberger
These are big players in oil production.
Ive had them on my endgame watchlist and they are starting look interesting. It doesn’t look like supply challenges in crude will subside anytime soon. This will be a long term play so shares and some longer calls.
No position yet, looking to see if they continue to trend green on broader market red days.
Watching #spy 8/5 370’s Puts - if there is a rally I would like to buy them in the 5.00 - 6.50 range
Keeping an eye on CCL - thinking about CSP 7/1’s
8.50’s - @ .47 Breakeven is 8.05 (assignment) potential 5% return
Concerns does SPY / Market drag it lower - setting new 52 week lows
Very High Risk - may not enter just watching
Watching ARKK this morning seems to be performing better than the market for some reason, a few times even going green.
Looking at Sep 16th, 43p
I just sold arkk puts here didn’t like the call flow on the tape and i was up a lot.
Will look to renter at some point, probably next week as a lot of volume was fds…
Sqqq calls(converted butterfly I’ve been building all month)
Uvxy calls(long 2 9/22 10c short one 9/22 16c)
Vix butterfly (jan 26/34/42.5)
Way otm october apple put spreads(probably a waste to otm, but account was low and I’m thinking mega caps get kneecapped next and small caps get some inflows after the dust settles)
All from past few weeks.
Looking at webr(big float but another high option volume day so I suspect something is coming by next month), cano(may take a while and not fully sold on it yet) and bbai (already got some shares- 660 employees just outside dc in a expensive md county, need to dig more but I’m already scaling in)
I’m trying to get better at swing trades while taking some time off scalping. If I start getting better results (like today finally), I’ll post some entries if I think the play is solid.
Watching
FEZ puts
SLB calls
GOLD calls
And a “smartest / dumbest” person in the room lotto. UUP- Oct 21, 28p
Hello…tough times with ups and downs, and harder downs. Looking at NFLX puts for 10/21/2022 if we get any bounce this week. OI on 10/21 190s look good. Nflx earnings also on 10/18. Watching this
Watching a CCL put entry, currently +3% this morning
Was able to get an entry on CCL while driving to work, the joy of trading in Mountain time.
This is High Risk / Reward as Beaker mentioned CCL has earnings this week. Hope some Valhalla peeps found an entry. I’m watching the broader market, looking to be out of this position today.
Sep 30, 9p @ .32
Cut 75% of my CCL position here @ .41 +27%
Out of the rest of my CCL puts here @ .43 +34%
Watching Funko, FNKO. Currently down 59% from previous close after earnings and guidance were released. Halted soon after market open, this morning. Not expecting too much of a bounce back, but might open a small position for 11/18 10c.
SPX held up a strong overnight bullish momentum. Which is sign of a potential bullish continuation. However I will note that it feels as if taking any trades today carries more risk then usual due to the impending news (Elections & CPI). So if your risk tolerance is low sitting out today & watching may be a good idea. Regardless the chart and market internals indicate a move to last Tuesday’s highs. I will be looking to go long at/near the open. I’d like to see a pull to back to 3800-3810 to enter the 3850C for tomorrow (You can go for other strikes I don’t recommend getting anything over 3870C). Will place my SL slightly under 3790 as a break of that could cause a breakdown of the bullish structure.
As far as targets go id like to see us test 3831, 3839. Above that I believe we have room to push to 3847 & 3855. GL all.
Disney earnings today after hours.
Disney earnings are expected to jump 48% to 55 cents per share while revenue grows nearly 15% to $21.3 billion. For the fourth quarter, Wall Street sees Disney+ adding 8.9 million Disney+ subscribers to 161 million.
