Maverick 23:13 PM - Jul 12 2020

Weekly Discussion - July 13, 2020

The NASDAQ Composite defied the odds again last week.

Does it keep going?  Earnings season is ~10 days away.
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Maverick - 3 years ago
Friday:

Still not really sure where SPY/general market is going.  NASDAQ is on the struggle bus, but it deserves to be.  Instead of roaring into earnings, it looks like market is getting some cold feet....  I've done some SPY option trades for fun, but nothing big or lasting more than 15 minutes.  Just not clear to me....

FEAC took off today on rumors... https://stonks.chat/group/1/posts/27

FENC is moving up nice and slow - looking for 10 prior to August 10. https://stonks.chat/group/4/posts/15

LFACW treading water on super low volume... 🧐

HCACW I'm feeling the vibe on this one.  I think it's going to hit in the next 3 weeks.  It's got low volume like LFACW so it can have an uncomfortable range every day, though.  I'm currently at a 8% loss on it, but I still like it.  Average is 1.53 now (jumped in too early at 1.85) https://stonks.chat/group/1/posts/28


Maverick - 3 years ago
I can't get over how strong this market (and SPY) is.  Everything in me wants to buy puts, but that would have been a dangerous game today, again.

SPACs were on sale today (seems like a weekly thing?).  I added HCACW @ 1.45 and LFACW @ 1.10 on the dips.  Hope that's what that was. 😅

FENC moved up a bit.  I'm expecting a slow, upward trend heading into August 10.

Rest of the week on general market?  No idea.  It may just roar right into tech earnings next week.
Patrick M - 3 years ago
The resiliency of this market is shocking.  I know the the Feds are pumping things but it's still hard to believe.

I was hoping to play some puts on bank earnings weakness but the seems to be null. 

I plan on holding on to most SPAC plays as they haven't hit their catalysts yet.  But it's hard at times.  
Maverick - 3 years ago
As planned, I added FENC @ 8.33.

Rode the wild ride that is VXRT - haven't sold any - and hoping I don't regret that.  Was VERY tempted today and may regret on Tuesday.

HTBX exploded before I could even research it.  Still will do so, but less interested now that it's up 35% from where I saw it.

LFACW - another SPAC I'm looking at - I saw it over weekend under $1 and was bidding for it premarket and all day, didn't get any (I was at 0.85).  Ended up hitting almost 2.00.  🔥 This is a Finance Tech space SPAC and I think they're close on an aquisition based on trading - management looks good here - looking to get it closer to 1.00 though or will pass.


Maverick - 3 years ago
I posted several new plays and updated previous ones. All can be found on either Biotech Swings or SPAC Central.

Looking to add FENC and ETON this week (as noted in those posts).

I need to research VBIV (traded it before, but it's roaring lately), SPCE (possible short squeeze + catalysts coming up end of month), and HTBX (showed up out of nowhere).

Very tempted by AMZN calls this week.

samosa - 3 years ago
Playing a SPY put at the open if we open green on Monday
Maverick - 3 years ago
Based on Friday, I'd be closing that put out by 10am.  That's when it set the direction on Friday and didn't look back.
Maverick - 3 years ago
You were right, in the end!  Completely fell apart after 1:30pm EST to close basically at low of day.

The open, though - spicy time to take a put.
Maverick - 3 years ago
I stand in awe....

Screen Shot 2020-07-12 at 23.12.00.png 95.21 KB



I am looking at momentum into earnings (but never holding through) on a few:
TSLA - 7/22
AMZN - 7/23
CLX - 8/3

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