Boiler Room: The Official Stock Market Discussion

[pete clemenza]

Square down 10% today. Was definitely overbought though. Might look at buying it after it bottoms out.

They're saying its a dip.. Highly highly doubt it'll bottom out. It jumped because of its bitcoin deal now its kinda back where its supposed to be. People are calling it a Cyber Monday deal to buy in so

 

[Macallik86]

They're saying its a dip.. Highly highly doubt it'll bottom out. It jumped because of its bitcoin deal now its kinda back where its supposed to be. People are calling it a Cyber Monday deal to buy in so

I hear ya. After this type of volatility, I am thinking more 2 weeks to months away

 

[Earnings]

I hear ya. After this type of volatility, I am thinking more 2 weeks to months away

I ain't a big Willy () like most y'all in here...losing $70 on SQ

I'ma hold on tho

 

[Dreamestorical]

For those who play Options.

Pick up JNJ Dec 29th 139.00 calls. If JNJ makes a move to 140.00 you will get 80-100% returns.
Another good pick is LVS Dec 29 68.00 calls. LVS should make a move to 70 in the next week and a half. 80-100% returns
third picks is ABBV Dec 29 96.50 calls. ABBV should make a move to 98 within a week and a half. 100-120% returns

 

[Macallik86]

My 2 picks from last year $EEM and $MMM peformed to my time frames set and even continued higher for the rest of 2017. MMM is currently at 230 and EEM is at 47

Also talked about trumps win being good for bank, small caps and Industrials

Another good pick is JNJ ( Johnson and Johnson.) Its pulled back to prior resistance around 136-138 level. This should head to 145 before February 2018

EEM didn't hit $43 until July so $43 calls would've expired worthless, no?

For those who play Options.

Pick up JNJ Dec 29th 139.00 calls. If JNJ makes a move to 140.00 you will get 80-100% returns.
Another good pick is LVS Dec 29 68.00 calls. LVS should make a move to 70 in the next week and a half. 80-100% returns
third picks is ABBV Dec 29 96.50 calls. ABBV should make a move to 98 within a week and a half. 100-120% returns

Already established a position in LVS. ABBV looks good though. Hard pass on JNJ

 

[Dreamestorical]

EEM didn't hit $43 until July so $43 calls would've expired worthless, no?


Already established a position in LVS. ABBV looks though. Hard pass on JNJ

In regards to EEM notice I said In the money options not out of the money options. In the money is basically options at stocks current trading price. With In the money options at 35 with a may/june expiry. you will have tripled your profits by may when the stock hit 41.50.

Remember Intrinsic value will add value to your options

 

[Futuristic Eskimo]

@James Hurley MS calling yield curve inversion by end of next year. They could've paid me to write that after looking at the 2s10s for 10 seconds.

 

[Domingo Halliburton]

@James Hurley MS calling yield curve inversion by end of next year. They could've paid me to write that after looking at the 2s10s for 10 seconds.

Yeah this getting weird. Is trump just freaking people out or are there bigger concerns for the economy?

 

[Domingo Halliburton]

Arby's buying Buffalo Wild Wings for $2.4B

 

[Futuristic Eskimo]

Yeah this getting weird. Is trump just freaking people out or are there bigger concerns for the economy?

Market is preparing for the inevitable. In the back of everyone's mind is the length of time the expansion has gone on for, so, naturally, investors have a bias towards viewing the current time as late cycle, regardless of the economic backdrop.

Inflation shock would have everyone off guard.

 

[Domingo Halliburton]

I wonder what the chances of these tax cuts are before the end of the year

 

[Pimp]

For those who play Options.

Pick up JNJ Dec 29th 139.00 calls. If JNJ makes a move to 140.00 you will get 80-100% returns.
Another good pick is LVS Dec 29 68.00 calls. LVS should make a move to 70 in the next week and a half. 80-100% returns
third picks is ABBV Dec 29 96.50 calls. ABBV should make a move to 98 within a week and a half. 100-120% returns

I wish I understood options. I owned ABBV all year and that call seems like a easy win.

 

[Futuristic Eskimo]

What is causing the move in financials today? A bit out of the loop.

Whoever bought BAC 27.50 12/1 expiry calls yesterday is having a damn good day.

 

[Futuristic Eskimo]

What is causing the move in financials today? A bit out of the loop.

Whoever bought BAC 27.50 12/1 expiry calls yesterday is having a damn good day.

Tax cut news and Powell it seems.

Money moving from tech into financials rapidly. Hectic day in the markets.

 

[Domingo Halliburton]

Damn tech everywhere getting killed today. Almost a replay of June 9th...tech killed, everyone else gains.