Yeah, I'm in..even after the pop today. I think this is going to be a big Xmas for Hasbro.
It's a nice addition to my portfolio, alongside my DIS calls.
VXX is only good for short term trades, nothing more.
I do think that next week the VXX will go higher because of the UNKNOWN of what the fed is going to do about interest rates on 9/16.
Bottom line, I will definitely pick up VXX calls at some point before the announcement; BUT I'll dump them right before the actual announcement.
Because, like with any event (such as earnings), once the news is released, volatility drops BIGtime.
I have sold the FB, AAPL, and DIS calls I bought yesterday for a quick profit. I continue to hold the rest longer term...that includes my April DIS calls. They should do just fine ahead of Star Wars. But I may sell them right before earnings...then re-buy them the day after...
One has to be nimble in this crazy market. I think on the next drop, I may sell some OTM DIS puts.
I do believe DIS will be much higher by year end.
Completely agree. Last week, I bought the April calls for my account and stock for my kid's custodial account.
We just need the Fed to raise rates in 2 weeks. If they do, I think there will be a knee jerk reaction that takes the market down within the first several minutes of the announcement. Then it reverses and the markets rally higher by close.
Today is a hard one to predict accurately. There may be some selling pressure near the close from the usual day traders who trade on the long side and want to close their positions heading into the weekend. BUT the flip side is that, after the markets collapsed Friday, Monday, and Tuesday, MANY NEW shorts were pulled in...
They may not want to hold their positions over the weekend either. So we could see a little more steam to the upside near the close.
Yeah. It will be a very Star Wars X-mas. I've bought DIS stock for my kid's custodial account. Plan to hold them for 7 years.
Yeah, I expect NFLX to get to $120 as well. Maybe not today...but soon.
Before the bottom fell out in the market, NFLX was hovering around $120.
"STOCKS ARE STRONGEST JUST BEFORE THEY COLLAPSE"
Stocks have already COLLAPSED after reaching highs in the past several weeks. Now, they are all on the rebound. After LARGE drops, the markets seem to make up a big chunk within a month. Time to ride things back up.
The weaker hands have been flushed out.
Agreed. And then there is the long list of Marvel movies and merchandise that's going to hit the market over the next several years.
This is the time to buy calls and/or stock, while DIS is still depressed.
To be honest, this was an easy one to get right today. In the past several years, after big drops, the markets recovered a lot within a month. Most people are REACTIONARY. I try to get ahead of them.
Take the traders today. MOST of them thought that the market was going to fall near the close because they are reactionary. Reacting requires NO thinking. The rest of the traders were AFRAID to commit.
But I have to hand it to Jon Najarian. He called it right, despite what most were saying.
Yesterday, I added to my position with more loooong term calls. I think NFLX will start to claw its way higher to reach near its 52 week high right before next earnings, 6-8 weeks from now.
I suspect it will do the opposite and gain further steam by close.
I think a lot of people expect a repeat. That's why I don't think it will happen.
We shall see.
I've been adding to my position today.
BTW, over the weekend I got a chance to watch all 13 episodes of Daredevil. They rocked.
I have no doubt that Netflix and Marvel/Disney will produce MORE shows with different characters in the near future. Perhaps Ghost Rider, Iron Fist, ...?
IMO, this is definitely a time to pick up more calls and/or stock after the market collapse.
Bought long term calls today.
It seems that EVERY time the market drops big in the past several years, it recovers a big chunk within a month. I'm thinking yesterday was the final flush. It's time to increase positions.
It's time to buy.
Options are implying a 14% move. That's a .60-.70 cent move. If it's up, we should be in the neighborhood of $5.35 by close tomorrow, from Thursday's close ($4.68)
I'm betting it'll be up.
I don't need luck. And (frankly) it will be quite easy to sell my puts. But I think I'll wait until next week, after TSLA touches $225