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what's "nellie" @TreeFortRichard

 

added first 1/3 position on $SPY swing puts, no single options yet.
BOT +10 VERTICAL SPY 100 16 DEC 22 370/360 PUT @2.79

 

Just a reference to the taking of a bearish position on the market...it's implying a negative outcome for the country economically...

 

thank you

 

Saw them at Expo East. It looks like a Rubbermaid tub.

 

boy that stance changed quickly

 

Depending on what happens tonight it could change right back.

 

Regardless, it’s going down!

 

Of course. The moon always goes down. lol

 

How does this affect stonks?

 

$GME after hours movement? NICE

 

have to remember we also have CPI on thu, if it's coming in hot we could free fall on fears that the fEDs will raise int rates more than expected

 

Initial jobless claims release THUR as well. If that's high it might counter the CPI numbers.

 

do you recommend any books that you’ve read on analysis?

 

i really dont have any books, the only book that i read and purcahsed was fibonacci by carolyn bowden

$78 Fibonacci Trading: How to Master the Time and Price Advantage

https://www.amazon.com/Fibonacci-Tr...prefix=carolyn+bowden+fibonacci,aps,95&sr=8-1

i have a mentor though, he does classes 1x a year, 3months seminar (schedule used to be) monday class, tuesday live trading, friday dissecting the trade why it work or why it didnt, but it's more advance. it's heavy on the greeks, delta, theta, gamma, vega, charm, vanna etc... expensive, $7k for the 3 months with 1hr 1on1 at the end of the 3 months. If you want to go this route PM me and i'll send his contact info, However, i would strongly, highly suggest you master "spreads" first as his trading style is advance, he doesnt do single options, always spreads based on greeks.

hope this helps.

 

Used cars coming down, Sep '22 was a BIG month for used car costs coming down. Energy came down bigly in September but not as bigly as prior. Food is stabilizing. Shelter, Medical are on the up though.

I think we'll see an "as anticipated" CPI and jobless. Might actually beat jobless, not sure when seasonal hirings start to hit.

Also I didn't know until I just looked it up, CPI breaks down the food pretty granular. Like you can see the numbers for food as low as "Oranges, including tangerines"

 

ya definitely not that good yet lol I appreciate it I’ll look into that book.

 

I never play earnings, butttt

 

Get your RIOT calls now. Severely discounted due to missing earnings and BTC plunging. DEC expiry $5 strike.