NVDA
NVIDIA
-- 139.465 TSLA
Tesla
-- 432.720 PLTR
Palantir
-- 80.960 AMD
Advanced Micro Devices
-- 124.582 RGTI
Rigetti Computing
-- 11.0500 
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ the dog crap of this basket is actually leading the way higher.
AMD
Another Monday Down
Assume Money Destruction
😁
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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JFL : Hahahah
10baggerbamm OP JFL : what I said this morning holds true you've got primarily 10 large holdings in this basket ( there's more just less then one percent) most of the top 10 have been taken out behind the barn and beaten to death, micron most recently. AMD has been this bloodbath, this constant death by A thousand cuts. it's the second largest holding in this basket it's down over constantly from March of this year. I just hope you get the dogs of the Dow mentality with tech stocks people that are contrarians by the laggers that were the losers in hopes that there's a rebound maybe in fundamentals but if nothing less than when institutions rebalance their portfolios where they had no position in it they're going to buy a little bit and the cumulative effect of everybody buying a little bit can lead to significantly higher stock prices.
TheOracleOfBroMaha :
JFL 10baggerbamm OP : What’s your target to take some profit ?
10baggerbamm OP JFL : 29 is a level of resistance and this is not an exact science because it can go a little above it or stay a little beneath it but everybody sees it and literally when it crossed 29 the algorithmic sell program kicked in and brought it down about 50 cents very quickly.
the balance of this week is not a lot tomorrow to 1:00 close Wednesday the market shut down Thursday volumes like Friday the volume is light
it's very very easy to manipulate individual companies or baskets of companies when you don't have retail buyers.
and it's easier to knock something down than it is to bit it up it's easier to collude with market makers and say look I'm going to be hitting bids shorting the stock I don't want you getting hurt walk away just pull your bids away from the market.
10baggerbamm OP JFL : pt 2
when it hit 29 today I sold calls against it for Friday I sold the $30.50 calls I only did a some of my position.
in retrospect I was wrong I should have done the whole position.
I had thought a week ago that we were going to see $34 with a Santa Claus rally and I said this early in December and micron and chairman Mao destroyed that chance.
if we could get back to 30 I think that's a huge victory at this point.
after the first of the year it's a complete crapshoot because there's valid arguments on both sides the first being people are deferring profits right now till after the first it was a very strong year so they're just going to be selling come January 1, and it may last a week a week and a half and if that happens that's when all of the cockroaches will come out and go are we going to have our 10% correction right now so goes January so goes the rest of the year you'll hear all these stories regurgitated they just pull them out of there back pocket
the other side of the coin is we've got Trump and I think if there is a little bit of profit taking people will say should you buy the dip Trump's here he's going to be great for business GDP is going to go up pet companies are cash Rich they're not dependent upon interest rates to do business so it really the pendulum can go both ways and there's valid arguments and I don't know what the first week in January is going to bring.
what I've been doing around my core position as I sell calls against half on the long side and then I sell puts on what I seem to believe is a support line and I'm not just referring to this basket I'm saying across the board that's what I've been doing so I collect the premium on the call side if I lose the stock or the ETF it's only a portion of what I own and I'm also selling puts on support lines short-term one week at a time and collecting the premium that are downside and if I get put it I'm fine with it because it's an ETF or company I want to own.
JFL 10baggerbamm OP : Thanks a lot. I think I need to learn more about the option to protect my stock.
From your experience, option play a lot of roles.
JFL 10baggerbamm OP : I also think this Friday they gonna shorting the stock, look at last Friday, they short a lot and have buy back yet. They will take another opportunity back buy on Friday with lower price.
10baggerbamm OP JFL : options are a great way to add income and reduce risk if you do it the way that I do it.
very infrequently do I buy calls so I might do as an example 150 option trades a year of that maybe five or six am I betting a stock is going to go up to a certain price within a certain period of time and buying a call or buying a put betting that a stock is going to fall to a certain price within a certain period of time.
what I do I view as being like the casino the house
if there's a stock that I own I have my core position and then I have a secondary trading position around it that trading position I will sell calls against so somebody pays me the premium up front if it closes above that strike price I lose it but it's a win-win I've made money from my initial investment I've collected the premium I'm fine with it.
10baggerbamm OP JFL : pr 2
sometimes selling calls can bite you in the ass and the most recent case was Tesla post-election I sold calls as a hedge because I believed that Democrats were going to steal another election and the market took off so I lost Tesla (TSLL) at $12 at $15 at $18 on the way up but
I've been selling puts on the stock collecting premiums the entire time and I've been buying the stock and immediately selling calls against it so yeah I would have been better had I not sold calls against my original position but it's probably only about a 10-15% difference which is not that bad considering how much Tesla stock has gone up.
and then what I also do is I sell puts but you only want to sell puts on companies that you want to own or an ETF that you want to own.
again typically I don't like going out more than a week at a time and that's because the Dynamics in this market between what's going on in this country from a political standpoint from an economic standpoint what's going on around the world it changes so fast nowadays that if you lock something in for an extended period of time like 6 months you can really screw yourself royally.
so I sell puts typically for a week expiration at a time and I look for the support lines the last sell-off for example how low it traded, what's the general trend of the stock of the market of the sector what is the real technical support on a 20-day moving average and you look at it and you come up with a number and you compare it to where the strike prices are and you sell the amount that you want to own if you get put the stock.
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