Notifications

QQQ short ripening

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)I will provide more-detailed guidance when QQQ gets closer to D=466.51. This looks like easy money to me, even for newbies who have never, ever made a profitable option trade. RA  10:00 10:12  RickQQQ should be shorted at D=466.51. The pattern underlying that target is my kind of gnarly: https://bit.ly/3WMHUpl NVDA's weighting is more than 5% of QQQ, and its big rallies have been known to cause a more than 2% gain in the index.  Virus-free.www.avg.com

Why you should forget about trying to make a big score with NVDA options — even if you “know” what the stock will do after earnings come out tomorrow following the closing bell….

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:51  RickNVDA 's top tomorrow will occur at 1067, or possibly a bit higher. (Click on link below for explanatory chart.) However, the carnival game is rigged so that no one could simply buy JoeyJolt's straddle for $78 ahead of the close and win. Although the straddle is guaranteed to be worth (probably much) more than that overnight, you won't get to trade out of it until most of the premium has evaporated before Thursday's opening bell. And even then, you will be dealing with fleeting highs/lows that will make it impossible to close out the straddle at anything remotely approaching optimal prices.14:51  Rickhttps://bit.ly/4bs22Sa Virus-free.www.avg.com

Potentially actionable guidance posted just now in the chat room

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:16  CTVRick, are you still aiming for short ES at 5194.50? Thanks [ {{ See my 10:15 post and paper-trade this one, Linda. 5194.50 is where the signal triggered, but not necessarily where we should get short. If you're interested, the technique is covered in the mini-courses on camouflage and 'mechanical' trading. At the moment, your best bet for attempting to short ES at a specific price -- without using a reverse pattern and with a ridiculously tight stop-loss -- is at 5257.25. That's assuming this short-squeeze rally can get there. RA }} ] 

Possible opportunity in June Gold [See update, since the trade has been negated)

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Tuesday, April 30, 2024 08:0008:02  RickVoodoo number coming up in June Gold at 2310.50 that can be bottom-fished with a 5.50-point trigger interval (TI).  [Note: I'd planned to email this recommendation to you 40 minutes ago after posting it in the chat room. Since then, however, gold has taken the leap I'd anticipated from above the voodoo number. This has effectively negated the trade, although not my suggestion that you paper-trade my chat room ideas for a while to get a feel for them. You'll discover that most either work or fail to trigger.    RA]   This trade was posted in the chat room a short while ago. It is recommended for subscribers who understand the risk and know how to manage it. In theory, entry risk on this one is about $550 per contract on this trade.   I once posted only trades in the chat room that controlled risk VERY tightly. Over the last couple of years, however, I have loosened up and broadened the selection to include trades that I have found to work fairly consistently. You can decide for yourself whether to take them, but I'd suggest paper trading for a while before you jump in. This will help buttress your confidence and allow you to sharpen your risk-control methods.     RA

Second attempt: Timely opportunity in E-Mini Nasdaq (from the Trading Room):

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.) 14:38   Rick:  NQM24: Bottom-fish near projected low at 17,807 with a trigger interval (TI) of 41 points, good until 3;30 p.m. An attractive opportunity, but less so if it requires exposure to risk overnight..Virus-free.www.avg.com

Timely guidance in E-Mini Nasdaq

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:38  RickNQM24: Bottom-fish near projected low at 17,807 with a trigger interval (TI) of 41 points, good until 3;30 p.m. An attractive opportunity, but less so if it requires exposure to risk overnight. Virus-free.www.avg.com

Opportunity beckons in AMZN

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:42  RickBid 0.48 for AMZN 12 April 180 puts, day order. Currently trading for 0.78. I may adjust this price before the close, so stay tuned. We really do want to buy 'em, based on this appealingly gnarly pattern in the underlying:12:42  Rickhttps://bit.ly/3TKUlP912:44  RickThis one is for novices, too -- especially if you've never made a profitable option trade. Virus-free.www.avg.com

Actionable guidance in MIckeyD

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:25  RickBid 0.55 for expiring MCD 267.50 calls to bottom-fish the 267.05 target. Order good till 11:00 a.m.10:27  SpartacusMCD Cover the MCD short. by buying back the calls. Profit $11,900 Thanks for the help Rick. OK lets spec on the bounce [ {{ Ur welcome. Great trade, Sparty! RA }} ]10:30  SpartacusMCD 167.5 calls.. Did we get front run?10:35  RickNot sure. The so-far low at 267.30 missed my target by 0.25, or less than 1/10 of one percent. Seems close enough to for us to consider the target fulfilled, but I'll leave the 0.55 bid in for the calls anyway. They expire tomorrow and are already melting away; that's why I am lowballing my bid and time-limiting it. The offers are skittishly high, but I'd rather not buy the calls at all than pay up for them. That's because their volatiity will get crushed if the stock does rally from my target. Virus-free.www.avg.com

Are u ready to pile onto AMZN?

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:51  RickLet's plan on shorting AMZN when it hits 186.32. This will be an easy one for your Sparty, since the 12 Apr 187.50 calls you will want to naked-short will be selling for 1.90, give or take a few pennies, if the stock his my target tomorrow. I will come up with a put-buying strategy when the moment is right. At the moment, they are poorly synched at a projected 0.66 low.12:55  RickIt's kinda creepy that MSFT is stealing up on 430.58 yet again, even as nasty little NFLX is once again clawing at 634.14. That's a major reverse-pattern target on the weekly chart that no one but us could know about. It puts me in mind of 'The Thing That Couldn't Die," a 1958 horror film about the severed head of a very bad man that kept clamoring for attention, even when stuffed in someone's closet. Virus-free.www.avg.com