Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Thursday, September 28, 2023 08:0008:33 RickAny more reports on the lovely, Dead-Meat Trade in Airbnb? The slimeballs who control the stock are holding it aloft for distribution, lengthening our opportunity to lay in lots of cheap put calendar spreads. I'd suggest pushing out the expiration date of the 'anchor' puts by one week for each week DaSlimeballs delay the inevitable plunge.09:0009:07 IceManI was thinking, when I roll my short put on Monday, I might increase the strike price to 110 to collect some more premium, until I see the stock start to come down09:18 RickA good strategy, Iceman, and thanks for sharing the idea. You will doubtless already know that turning the position into a VERTICAL calendar spread it will somewhat raise the margin requirement.09:32 RickESZ23 is on a 'conventional' buy signal of a reverse pattern. The a-b leg is nice looking, and so I expect the futures to rise to at least p=4369. The chart:09:32 Rickhttps://bit.ly/3RDrpcx Virus-free.www.avg.com
Notifications
If you’d like to learn how to use the Hidden Pivot Method….
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)08:38 BoothGood morning. Which course is the best starting point in your guys opinion? Also... looking for confirmation on an impulse move set up. Not on the trade, just the set-up see if I'm in the right neighborhood technically. 10 min SPX A: 4281.9 B:4300.9 C:4289.5 Trigger long 4294.3 D: 4308.509:0009:26 RickTry the flagship 'Hidden Pivot Webinar,' Booth. I stopped marketing it a long time ago, but it still offers the best overview of the Hidden Pivot Method, including all six entry strategies: conventional, mechanical, reverse-pattern, camouflage, counterintuitive and timed buy/sell-stop. If you want to cut to the chase and ramp up trading profitability as quickly as possible, you could instead take the separate course on 'mechanical' entries. Either would put you on-track for the 'Advanced Tactics' course, which is currently offered on a limited basis to subscribers who have been with Rick's Picks for at least two years or who have shown a keen interest in my methods.09:27 RickI will make you and others who have recently come on board the following offer, good till the end of October: $699 for the flagship course AND the course on 'mechanical' entries. They have been sold separately for, respectively, $1,400 and $497, so my offer represents a discount of more than 60%. This package would include interactive remedial sessions to help bring students up to speed.09:27 RickIf you or anyone else is interested, please send me an email at rick@rickackerman.com with your questions and concerns. Virus-free.www.avg.com
Shorting Air BnB
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)An advanced-chat room denizen thinks shorting AirBnB (ABNB, currently $132), is a good way to leverage the coming collapse in residential real estate. I agree and am suggesting out-of-the-money put butterflys that expire in mid-November or later: "I agree with your assessment of ABNB, John: It is dead meat. I suggest out-of-the-money put butterflies to play the stock's coming collapse: the 17 Nov 95/100/105 put 'fly is currently quoted at 0.06/0.21. You can move the strikes up or down by $10 to avoid bumping heads with other subscribers, and you can also try to leg it on -- for free -- as two vertical spreads. If you can get it on for a dime (0.10) or better, you'll have a good shot at making 25-35 times your money. (The spread can go to $5 in theory, but in practice no one will be able to sell it for more than around $4.)" The puts are not very liquid, so you should shop other strikes and expiration dates to avoid spooking the algorithms that will be selling you this spread. Another way to play it would be to start with a calendar spread, 'anchoring' your position with, say the purchase of 17th Nov 100 puts for 0.75, and shorting 13th Oct 100 puts for 0.10. When the latter fall to 0.02 or less, you would cover them and short 20th Oct 100 puts. Rolling the spread several times this way, week after week, can bring your cost basis down to zero or even a credit. As the stock price drops, you'll be collecting bigger and bigger premiums for the short-side puts. The spread has the potential to trade for as much as around
A timely note concerning the CCL puts
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:39 RickCCL: The 13.50 puts expiring next Friday have nearly tripled today from their acquisition price. However, I have a minor target at 0.44 that we should make use of, taking advantage of today's reversal. Accordingly, I'll advise offering half of any 13.50 puts bot last week for 0.16 @ 0.44, day order.14:39 ParkerRick, +400 on CCL. Pays subscription. Thank you! Still trying o learn here.14:43 RickThanks for the report. Parker. Glad to hear you made out so well. The trade was explicitly geared toward the many subscribers who took a free two-week subscription after my interview with Greg Hunter. It was designed to pay your subscription cost for a year when the trial period expired.14:46 RickI don't keep score, since P&L track records promoted by others in my business are a crock of shit. That said, I cannot recall the last option traded recommended here that lost money -- or that was just marginally profitable..14:49 RickThe trade in GDXJ, meanwhile, is hanging by a thread. It needs some Tinkerbell fairy dust but instead seems to be gagging on Monsanto Roundup. Virus-free.www.avg.com
Possible T-Bond opportunity just posted in the chat room (TLT can be substituted if you don’t trade futures)
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)13:58 RickSpartacus (et al.): A 14-tick trigger interval can be used to get long in Dec T-Bonds with a reverse 9rABC) pattern. That is based on a so-far low at 116^04 and a partial exit at 117^00. Of course, a print at 116^18 (with the 116^04 low still in place) would also imply that a for-real bounce is under way. Virus-free.www.avg.com
Just posted in the trading room: a timely play in GDXJ. This is a low-hanging-fruit opportunity designed to enable newbies to pay for their first year’s subscription
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:27 RickIf you missed boarding GDXJ at the 9/7 low, the ETF will become an opportune 'mechanical' buy when it gets down to x=34.60. I'd suggest buying stock (stop 33.86) or naked-shorting puts, but buy calls only if using a small-pattern (i.e., camouflage) trigger that can get you in near the exact low, time-wise. Here's the chart:12:27 Rickhttps://tinyurl.com/2vb9m3dt12:31 RickNot texting while driving, btw. just waiting for a flight at Charleston airport. Nicely Deadsville today. Disclaimer: Past performance should not be construed as an indicator of future success.Virus-free.www.avg.com
Just posted: possible opportunities in Dec Gold
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)08:32 RickLinked below is a pattern in Dec Gold that I like very much. The obliteration of p=1938.30 on first contact means more slippage to at least 1922.00 is all but certain. Two obvious rABCs also visible in this chart suggest a bounce from 1922.00 has the potential to hit 1960, or even in71. Here's the chart:08:32 Rickhttps://bit.ly/485AikS The link: https://bit.ly/485AikSVirus-free.www.avg.com
Subscriber alert: shorting Carnival cruise lines
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)We are playing with CCL puts, based on first-hand knowledge of a covid disaster that marred a very recent Alaska cruise aboard a CCL Princess liner. Here's the latest, but check the Trading Room for further discussion: Let's try to add four 29 Sep 13.50 CCL puts for 0.16, day order; and four more for 0.12, day order. If either or both orders fill, we will seek to turn our position into a bearish vertical put spread (simple instructions to follow). RA Virus-free.www.avg.com
Just posted in the Trading Room: a possible Covid opportunity derived from the suffering and paranoia of others
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.) 12:10 RickCCL: Let's get our feet wet with an 0.08 bid for four 29 Sep 12.50 puts. I am using a conventional Hidden Pivot pattern to locate the bid. If it gives way by day's end and the option closes below 0.08, odds will favor a further fall to zero (or at least to 0.05, a 'hidden' support). That's the caveat, but we will keep the puts anyway, since you can never predict whether the Carnival cruise 'story' will take flight over the weekend. I sure as heck wouldn't be selling puts on CCL, even after its 25% fall since late June. Do NOT, even if you were dazzled by the 40-bagger just achieved in AAPL, jump on these puts in a big way. The trade is simply to put CCL in our crosshairs -- but also to create profits so that the 60 boss jocks who have just now come here from USAWatchdog will not have to pay for a year's subscription with, heaven forbid, hard-earned money. We can look for potentially better set-ups next week, but I like this opportunity to begin with. Virus-free.www.avg.com
Potentially tradeable guidance for E-Mini S&P (ES)
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Thursday, August 31, 2023 08:0008:26 BillESU23 has slightly exceeded the important x=4535.31 level. [ {{ Try not to think of 'x' as an important level. It is neither a Hidden Pivot, nor a support nor a resistance, just a place where we set up some of our trades. RA }}} ]08:34 RickHere is the pattern that will be controlling ES today. It is sufficiently gnarly to work no matter what your purpose:08:34 Rickhttps://bit.ly/3PhA2bc08:42 BillThanks for posting this pattern, Rick. [ { Ur welcome, Bill. Enjoy! RA }]09:0009:07 RickIf you use p=4548.13 to get short, I'd recommend a trigger interval of 4.0 points. The current micro-selloff could change that, so check with me before you act. Virus-free.www.avg.com