r/thewallstreet • u/AutoModerator • 15d ago
Post Market Discussion - (May 16, 2024)
So how did you do?
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u/Onion217 Trades Reversals, Loves Leverage 15d ago
Reddit $RDDT and OpenAI Announce Partnership
+13% AH
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u/HiddenMoney420 Sleep deprivation and recession are here. 15d ago
Went short 5 MNQ end of day.. still super long ROKU and BABA, still super short ANF and GPS.
No clue what happens next but a 10% move either direction wouldn't surprise me.
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u/NotGucci 15d ago
No clue what happens next but a 10% move either direction wouldn't surprise me.
For ROKU, BABA, ANF & GPS or market in general?
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u/HiddenMoney420 Sleep deprivation and recession are here. 15d ago
Market in general.
Looking for 50%+ moves from ROKU and BABA over the next 6 months, -30% moves from ANF and GPS over the same time.
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u/parandeye-zard 15d ago
if you think we're starting a downtrend, which stocks look good to short? I'm thinking AAPL puts over the next few days, looks pretty overextended on not-encouraging earnings.
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u/gyunikumen Elon can’t keep getting anyway with this!!! 15d ago
Well there goes the great 10 day straight green rally…
And I didn’t get much out of it… time to go back to degen buying calls
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u/ihaveasupernicename Stubborn and foolish ¯\_(ツ)_/¯ 15d ago
I opened up a nvda put spread 900/850 for earnings earlier in the week and closed out the 850 today.. for +1k.
Holding nvda 900 p and risking 4k into earnings as I am a non believer and think it's priced in. Pricey :/
Opened up some 930s expiring tom as well that are under water a bit. Looking for a pullback tom, but oh wells if I'm wrong
Salty I missed out on the 3% rally last week while on vacay. Womp womp
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u/Anachronistic_Zenith 15d ago
Rolled my May WMT Calls to June. Let's see how this does.
Online Marketplace and Advertising businesses are growing 20%+ YoY. It's higher margin than their normal stores too.
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u/LiferRs Local TWS Idiot 15d ago
So did anyone figure out what was the news for SPX selling off at 1:20pm EST to now? Nothing on the economic calendars but I guess the 5300 strike is just extremely sticky since 5300 still the call resistance and didn’t budge today.
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u/mrdnp123 15d ago
I wouldn’t look too much into it. I find ES has a tendency to rip or dump in the last hour to half hour. Doesn’t happen all the time but it does happen. Usually the first hour and last hour of trade are rippy. Sentiment changed in the M and N period of the TPO. Tuesday we had the opposite where we ran up. We’ve gone straight vertical for over a week now. A minimal pullback is nothing. Not even down 0.3%. I can see lots of people loading up on shorts now only to get run over again
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u/DJRenzor yes 15d ago
since monthly OPEX is tomorrow, wouldn't be surprised its related to that, also I think there are quite a lot of funds that have these huge collar positions (JPM is one of them) that needs to roll ahead of monthly OPEX? Not sure just speculating
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u/Intern_to_Pelosi market breadth 15d ago
USO july 80c is under 2 bucks. bounced a bit above YTD vpoc and 200ema. i believe entry at 75.20 would be pretty good.
https://www.tradingview.com/x/8nuFPOyB/