Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:10 EWIs 4158.50 ES Rick's target) still a buy?12:12 RickNo change. TI=8.50 now possible. // 12:20: So-far low at 4154.25 implies 4162.75 trigger. 12:22: Tightening trigger to 6.50 pts = 4160.75 // 12:24: If the little brick can't get traction here, it'll be on its way to exactly 4131.75, an HP support that looks even more appealing for bottom-fishing (30-min, A= 4362.25 on 10/19 at 1:30 p.m.) Virus-free.www.avg.com
Notifications
ES-Mini S&P guidance for night owls
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)21:22 RickES is plummeting tonight toward the 4158.50 target I posted this afternoon at 14:35. If you've made some bucks on the way down, and if you know how to craft an rABC trigger, use some of your profits to cushion a stop-loss for bottom-fishing. If you use an rABC trigger, the interval should be 19.50 points. The pattern is gnarly enough that an alternative TI of 12.25 points might work, but caveat emptor. {Please note that I of course rickismed the point 'A' high, and the actual target is two ticks lower, at 4158.00.) Virus-free.www.avg.com
Zoom session NOW!
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:50 RickI'm going to hold an impromptu session starting at 10:55 to explain how I calculated that 0.40 is exactly the right price to pay for the GOOG puts. The session will be recorded. Here's the link:10:51 Rickhttps://bit.ly/45rbCkb Virus-free.www.avg.com
Potentially actionable option trade in ‘Don’t be evil’
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:19 RickGOOG making its way toward the 142.11 rally target billboarded here yesterday. I'd hate to trigger a stampede, but you should look at the expiring 145 puts @0.40, with a nickel of discretion. This is good till noon EDT, since time premium will be melting away with appalling speed. Virus-free.www.avg.com
Update on our lovely Dead Meat trade
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)…in Airbnb (ABNB). Recall that this Trading Room recommendation was specifically designed to help recent trial subscribers pay for a full year's subscription to Rick's Picks. 09:42 entisasABNB put has doubled since entry. Are we closing out the first tranche?10:0010:17 RickThat was not my instruction, Entisas, but at this point everyone who bought puts on Dead Meat is going to be a winner no matter what course they follow. Officially, though, I'll stick with IceMan's progress reports, since he did the trade exactly as I'd specified. This trade has extended the winning streak for option trades recommended in this room to, um.. does 46 consecutive trades without a loss sound right? Virus-free.www.avg.com
Important note concerning today’s spike in T-Bond rates
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:00 10:09 RickRates on the 30-year have topped this morning precisely at the 4.81% target that was the subject of this week's commentary. Together with the dollar's very precise turn yesterday from an equally important target, we could be seeing a major turn here. If so, we should expect downtrending abcd patterns in both to reach or exceed their 'd' targets. However, if these small, corrective patterns reverse from their respective 'p' midpoints on charts of varying degree, then the dominant respective trends are likely to reassert themselves. I would then use a 4.98% target for the 30-year that comes from the weekly chart. I seriously doubt that the long-bond rate will go higher than that, since the pattern on the weekly chart is so clear and compelling. Virus-free.www.avg.com
A heads-up on two timely, potentially actionable Trading Room posts
– 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, 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
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