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HMMMMMMMMMMMMMMM revisions in payrolls at -818k since March 2023 comes in addition to 778k jobs being revised away since Feb 2022 This magnitude of preliminary revisions helps to validate some of the concern around the weakness in the labor market in recent months. So let's see, they are now...

Every single day I listen to cnbc there isn't one segment where the question of rate cuts does not come up, it's gotten quite pathetic the amount of begging and pushing for the idea of rate cuts is wanted so heavily on wallstreet. They believe rates should have been at 0% forever...once again...

Boats and hoes.... yea that number needs to be quadrupled

As of June 2024, the United States had 7.43 million millionaires, which is a 7.3% increase from 2023. This number represents 6.6% of the country's population, and is more than any other country in the world.

It all depends on how you budget your lifestyle..... If you have a cool 2.5 million sitting in a 5% interest account most I hope could live off that interest alone!

Nvidia: A Strong Buy Into Earnings Aug. 16, 2024 2:43 PM ETNVIDIA Corporation

Every article is anticipating a continued NON stop rally in nvda https://www.tipranks.com/news/get-ready-for-another-upswing-says-ruben-roy-about-nvidia-stock

Sold another VXX call @ 52 expiring Friday! Holding 2 now one at 52 other at 54.

I highly doubt it's short covering at this moment pushing equities higher. I think at this point that's just nonsense, yes there are always people shorting however at this point its not like the market has been down 32% and selling off day after day where the markets suddenly reverse literally...

Oil dropping again. Anytime it gets to 70-73 they prop it right back to 80+ ...its happened around 986 times in the last 3 yrs or so....

Looks like a another green day. This would make it now 9 days in a row. I have a feeling they will continue this trend into end of August as nvda report earnings next week. Once they do the nasdaq will be at 20,000! And then will just keep moving straight up into end of 2024 with no pull backs...

Even if we sold off a solid 50% it would place the s&p 500 at just 4 year lows!!!! Let that sink in for a bit....a 50% drop would take the markets to literally 4 yr lows!!! Not 7 or 8 or decade lows, I mean even 20 year lows would sound a bit more plausible but nope, just 4 yr lows.

There are some I'm doing sell calls against that I would be gladly happy to collect the premium and get the assignment on the short side. I did one on SOXL recently expiring in November, collected approximately $600 in premium.

I'm rolling for the credit yes. Just doing this on a few options at the moment.

Nvda is not up 2% or 4.5% or 7%, it's not up 8 or 12.8% nope...it's not up 15% or 18.9% neither is it up 22% or 26% ..it's up 30 fu*king % in 8 straight trading days....we aren't talking about a mid or small cap stock here. This is a multiple trillion dollar company thats literally added 3/4 of...

I collect as much premium by rolling. Most will disagree by this

See that's exactly what I mean, once it's too far out you really lose the ability to use the wheel strategy, everyone on YouTube and those selling their discord subscriptions scream that the wheel strategy works, however once too far out it becomes a worthless strategy so I laugh at the one...

Are you selling calls against the position currently?

I have started to play options like that as well, but what I have been doing on certain options is rolling them out to collect more premiums without getting the assignment until months out ... Only doing it on a handful of option plays just to see how it plays out.

Nothing to do with the US fed? Guess you forgot all those past circumstances during the most vicious market cycles where the fed came in to prop up equities. It's really not that hard to forget....