verticalized verticals

.sigma said:
Currently still in all my stock positions. Adding AMC and BXRX to that list.

Update on my ZM fly. Quoted at $2.75 on Sunday night.

Well, ZM price action this week confirmed why I chose the 15 JAN 21 expiration instead of the weekly. $360 is the area i kept my eye on, thus being the choice for my lower strike for the OTM fly. $360 was hit then consolidated below. Price is still above the low ($336.10). Hoping for a push to 370 by Thursday.View attachment 248689

To get an idea of what I’m gunning for, take a look at this chart from Best Buy. The mark up on Thursday/Friday from 100 to 109 is similar to ZM from 340 to 370/80.

View attachment 248690
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mac said:
I’m also watching ZM to bounce of the 200 d. But so far the volume isn’t cooperating.
Zoom is here to stay.
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looks like $ZM wants to push down to the 200ma. Price is slightly above my support area. Most likely this fly will be a wash, but I may re-enter with adjusted strikes.
 
38AFD8B2-6CE5-4BCA-9AC5-07C695EBD182.jpeg
 
The concept of return on capital on TIME is on my mind. Year after year I sell for a profit. Yet it’s always almost extremely too early, with my stock trending up for months on end, while I’m penny pinching reallocated profits to other extremely early triggers. So this year I said screw it, I’m not selling. I will only sell if the low gets taken out. But as long as I have a profit, I’m just going to hold. Unless the situation warrants it, I’ll liquidate.

^^^^ referring to my stock trades obvi
 
What’s amazing to me, is how much markets can be pumped up without a healthy correction. Idk, I love when prices are at bargain levels, I can’t really trade to my optimum level if the market keeps chugging upwards. And that’s a problem I need to solve.
 
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