Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:41 RickAhh, ye of little faith! The response to my new, improved options offer was overwhelming. It reminds me of the famous Warner Brothers cartoon "One Froggy Evening," in which a promoter rents a theater to show off the amazing singing, dancing, tightrope-walking frog he has found. The ticket booth initially is a scene of desolation, so he puts up a "Free beer inside!!" sign -- and gets trampled by the eager mob it attracts.12:50 RickWe could warm up by naked shorting the SPY 5 Jan 470 calls for 1.18, since they are bound for 0.25, but they were aa much better short at 2.10 on a signal that occurred around 11:30. Let me rummage around and see what else I can find. Virus-free.www.avg.com
Notifications
Last call
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:22 RickOnly eight subscribers have responded to my options pitch (see 15:11 post above). The $600 buy-in was designed to weed out dabblers and attract players, at least a few of whom would do ALL the trades. This would give me solid data to show my marketing guy. To entice more of you aboard, I will make the $600 entry fee payable at the end of the experiment, and only if my trade recommendations have enabled you to make at least twice that. Email me at rick@rickackerman to reserve a spot. The opportunity will expire tomorrow at noon. Virus-free.www.avg.com
CALLING ALL OPTIONS JUNKIES!!
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Just posted in the Trading Room: 15:11 RickCalling all option junkies! I am looking for volunteers to participate in a trading experiment. A marketing whiz from the major leagues will take me on as a client if I can compile an impressive string of option trades over 30 days. It will cost you $600 to come aboard -- so, yes, I am looking firstly for players who can do naked-short trades and who plan on making the $600 back on the first day.15:11 RickHowever, anything I ultimately do with the marketing guy will be geared toward his "audience" -- i.e., would-be traders with tiny accounts and horrendous track records. I haven't yet settled on a format for my recommendations, but I contemplate putting out perhaps 2-4 trades per week. If you are interested, please drop me an email at rick@rickackerman.com. Virus-free.www.avg.com
TLT short posted in chat room
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)The trade entails buying Jan 98 puts expiring on Jan 5 for 0.19-0.20. Before you jump on this, please visit the chat room for context. RAVirus-free.www.avg.com
AMZN shorting possibilitiy
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:24 RickAMZN coming up on a 153.98 p midpoint pivot of a gnarly pattern that looks very shortable. I will not hinder your creativity and abilities by suggesting a precise way to get short, so this one will be a do-it-yourselfer:12:24 Rickhttps://bit.ly/3GLU3l412:27 RickThe expiring 150 puts at 0.40 would be a good place to start, but that is just a suggestion. They might not trade quite that low, and so there is a risk of missing out on the trade. Do not worry about this, since there will always be another trade...a thousand other trades. Some of you might want to short the stock. But don't go out any further than Friday on the options. Do not invest more in these puts than you would spend on a billion dollar lottery drawing. Virus-free.www.avg.com
Short play in Gluggle
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)If you've been lurking for the last six months and trade only the seemingly lowest-hanging fruit, don't overdo this one. It's just an average opportunity, nothing special. Monday, December 18, 2023 10:0010:08 RickGluggl would ripen as a 'mechanical' short at x=137.43. The expiring 135 puts, currently at 0.76 and falling, should be trading for around 0.50 then. Bid 0.450.50 for a few, day order. You can also naked short them while you wait. Here's the chart of Gluggle:10:08 Rickhttps://bit.ly/4843hVM Virus-free.www.avg.com
Options chatter, FYI
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)13:09 RickMore of you are approved than I had imagined. I will put out some recommendations that assume anyone who follows them knows the risks and how-tos. For starters, short expiring MSFT 360 puts for 0.90, stop 1.01. They are currently at 0.80 and rising. //UPDATE 1:28 Cancel the order, since the stock has breached (my) p2=365.33. // I do not want to weigh myself down with detailed explanations each time I put out a trade. IN this instance, though, and FYI, the pattern I was using is: 30m, A=379.32 on 11/30. I was shorting puts on the prospect of a bounce from p2=365.33. However, the slight breach is sufficient to suggest MSFT's fall will continue to D=361.22. I will offer no addl instruction, but you can short puts if that target is reached. Time of day should be factored into your decision. If you run the options on a 30-min chart, you'll see that they would trigger a 'mechanical' buy on a drop to x=0.53 (stop 0.39). Do you understand why a print above 0.85 or so would negate that trade? If not, u shouldn't do it. The short at 0.90 could still work, but, as noted, I don't want to get into the business of splitting hairs on these naked-short trades. You will need to know what you're doing, as opposed to blindly following my advice.13:45 RickWith just a smattering of Hidden Pivot knowledge, and using some of the system's simplest tricks, most of you are already equipped to trade options more profitably than the charlatans who purport to offer option advice. (I do not include in that group the Najarians, Charles Cottles or Tom Sosnoff.) Virus-free.www.avg.com
Potential call-option jackpot-er, good till the close (This could also pan out on the opening tomorrow, but I am not suggesting that you attempt it then)
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:15 Roxygroovebottom fishing some Goog tos.mx/47jvndv a=140.16, b=137.04, c=139.73, Dec 1 138 strikes, @ $.4214:17 Formula382Rick, great call on TLT. I didn't post as I don't like to wear the room out but I went pretty large in TLT this morning in my models, up nearly a buck on the day! [ Nice trade! Glad those HPs are working for ya. RA }} ]14:42 Roxygrooveout with tight stop on goog, very minimal loss. will wait a tighter time frame to form another rabc, and wait for a true X entry15:0015:19 RickRoxy, did you notice that the 138 PUTS were a screaming buy on the opening at 0.31, two cents off the intraday low, before their price septupled? (a=3.05 on Nov 17).15:28 RoxygrooveNow, that I look back at that, yes... and wow. I was fixated elsewhere this morning, but that little fishing lesson is appreciated. thank you,15:35 RickWhy don't you make it back buying calls when the stock hits 136.03? I'll let you figure this one out for yourself, but it's all on the 15-minute chart. I hesitate to make it an overnighter because that will cost me a lot of edge, but it would be a no-brainer if there were another hour left in the day.15:38 RickAww, screw it. Put in a sttink bid till the close for 138 calls at 0.15. That is two cents above p2 of the bearish option pattern. Virus-free.www.avg.com
New target for gold, just posted
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:0010:41 RickDec Gold to minimum $2131 with yesterday's fist-pump through p=2033.4. (60-min, A=1823.50 on 10/6) Virus-free.www.avg.com
Some red meat for all of you shameless option junkies….
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)13:10 RickHere's one for you option junkies -- 98% of my subscriber list, as far as I can tell. It is a low-risk play predicated on MSFT's NOT getting to the 440 target. In this case, p2=376.29 would be the most logical place for a trend reversal other than at D, so we'll try to get short there. My choice is the Dec 1 350 puts for 0.35. I'll spare you the thought process that led me to those puts at that price, but it's partly based on a 15-minute chart for the puts themselves, paired with a gut feeling about how low they could trade if MSFT pops to p2=376.29 by Friday. Don't do this trade unless it matches my guidance exactly. I am thrilled to see that Daniel K took an interest in p2 even before I did. Here's the chart:13:11 Rickhttps://bit.ly/3QNmVOG Virus-free.www.avg.com