Still learning about calls, but I'm finally in the game. I was looking at Jan 2024 calls for YINN. I assume the rally will cover a quarter or two.
OT: Stock and Investment Thread
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$PGY with a nice 20% rip. Dumped my commons. My Nov calls havent moved how I'd like them to yet
MSFT price creeping up before earnings release. I have to believe the big upside surprises are in future quarters though…depending on the guidance. Seems too soon for AI to have a huge tangible impact.
LEAPS are not my thing. I don't like my money tied up in the derivative market for that long of a time period. The premiums are also significantly pricier.
I like LEAPS as of now, but who knows, I may change my mind a bunch of times as I learn more about calls. I bought BABA $100 Jan 24 calls and also FXI 29.75 Jan 24 calls so both near the money. I looked at YINN, but the volume seemed pretty thin, at least on Fidelity. Also, the movement (beta?) of FXI and YINN calls seem similar, so I went with the higher volume choice. If we get a good rally, I would close and look for the next opportunity.
That's what I am thinking. My goal with calls is to leverage/maximize a rally in the stock or ETF. Doing LEAPS gives the rally time to happen without worrying about time decay for a while. I'm eyeing a DIS play as well, since I think the stock is close to bottoming. Q2 earnings in early August may be a "kitchen sink" report to reset expectations.
Do you think it will take ~5 months for BABA to get over $100? Did you pay $10-11 premium? That would be 10% premium for 5% gain in stock price. Similar thing for FXI.
Not sure, I assume BABA and FXI can have a prolonged rally. Do you have thoughts on whether to buy calls in, near, or out of the money? I looked at the detailed quote and saw that both plays can 3-4x with a nice rally. $10.30 for BABA and $1.70 for FXI.
No surprise to see any big tech down off earnings, specifically the ones that have been running so hard. Any small chink in the armor with regards to earnings, guidance, whatever is a reason to sell the news after such huge runs. It would have to be really excellent earnings and guidance to keep up that same pace. Say like GE yesterday and even that's given back some gains today.
Conversely, a stock that's been beaten down for a bit can reverse as well with just some small rays of hope and if better then maybe a strong reversal like UNH.
Sold most of it before earning since it ran up so much. I have been buying today down 17 points. Will continue to add when it falls further.
I kept GOOG before the earning because CNBC said technicals it was about to pop which it did. I holding META still.
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Awesome quarter by MSFT with the clean double beat. They didn't even bake in any new Copilot or AI related revenue to guidance. Nice sandbagging to fool the dumb money.
MMM is a great example. Grappling with its 200 day now. Of course I sold it at its recent bottom but i think im going to get back in.
@T2Kplus20
The last compound and friends was great. As was yesterday’s “what are your thoughts.”
I haven’t put in the time to listen to mike wilson One the Tape. Nor Gene Munster on the same(pretty sure the same show). Maybe today at the gym.
The last compound and friends was great. As was yesterday’s “what are your thoughts.”
I haven’t put in the time to listen to mike wilson One the Tape. Nor Gene Munster on the same(pretty sure the same show). Maybe today at the gym.
Yes, those two Compound shows were awesome. The Friday and Tuesday shows are a must watch for me. Wednesday's Animal Spirits is a 50-50 show if I have the time. Ask the Compound on Thursdays is also good, but I only watch the questions/topics that interest me.
I'll look up the Gene Munster video, haven't seen that one yet. I watched a little of the Mike Wilson show, but it was just a typical bear fest with bear rationale (which I have heard hundreds of times already). Interesting that Mike Wilson is doing a TV tour admitting he was wrong. LOL!
I keep doing research on TDOC. I want to like it. I want to buy it. But the fact that profitability is still nowhere in sight holds me back. It fills a need in the HC market. Just needs to get their business on the right track.
It has been acting better as of late but I'm still staying out of that one for now. I don't like the headline risk just like before.
Interest rates, no. 100% predictable and baked. However, what someone has to say about interest rates may be a big deal. LOL!
Pretty much a non-event for the market. Next catalyst is on Friday with the June PCE print. And of course, numerous earnings.
META with the double beat! Mag 7 have been rocking it so far.
Interesting AI news, very useful application:
META with the double beat! Mag 7 have been rocking it so far.
Interesting AI news, very useful application:
Just listened to the first half of the On The Tape with Mike Wilson. Guy, Nathan, and Danny Mosely are hosts, add in Wilson and what a bear den. Funny that this happened after Mel Lee called them out.
And Wilson did not capitulate, still very bearish, at least through the 2nd half of this year. Thinks earnings are going to disappoint.
I don't listen to that podcast often, If I'm going to listen to Guy and Dan it's on MRKT Call. But I don't think I'm a fan of Danny Mosely. Definitely not a guy I'm going to go out of my way to listen to.
Might have to listen to the Munster podcast just to hear that crew with a Bull.
Mike Wilson is doing the saving face capitulation. Raising his market target, saying he was wrong, but also saying things may still get bad. Lots of folks do this. Danny Mosely is meh. Pretty bland.
And yes, Mel Lee called out that exact Bear Den dynamic. LOL! By the way, I love the content that FS Insights provides. TL and MN are next level with their research and analysis. Seriously next level. I may be sticking with them for a while.
Profit taking during earnings release. MSFT still up 40% YTD. MSFT and GOOG/GOOGL are money-printing machines.
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Moses. Not Mosely. Anyway, always a good idea to hear out both camps. Somewhere in the mix is the right call.
Tom Lee and Mark Newton. Both do daily emails and videos for the FS Insights community. Hate to say this, but MN puts CBW to shame. So much more descriptive and insightful with charts.