hungry_hippo

WMT Update

NYSE:WMT   Walmart Inc.
Profit warning and now it's higher than where it was before the warning, lol.

I think it's repeating the highlighted pattern, holding puts until EOD Thu, if it doesn't go down by then I'm gonna give up.

Kinda depends on what DJI does since it's a component, but seems a bit strange that DJI and XRT (retail) are down, yet this crap is still green.
Komentar:
One of the few stocks red after open, didn't pump with the market but if the market dumps then WMT is toast

Read the market wrong but picked the right stock to short, lol
Trading ditutup secara manual:
Got stopped out on my trailing stop

Aside from that, my otehr positions hit stop as well, taking a few hundred dollar loss for teh day and just gonna watch it melt up. Crazy crap.
Trade aktif:
Re-entered at a lower strike with next week's puts.

I think the market dip after Euro markets close.
Komentar:
Added some more, done for the day. We'll see what happens tomorrow with this crazy market
Komentar:
Had me worried there for a couple of hours, lol. I actually added more. No longer tracking the market which is good.

Looks like fund managers are rotating out of WMT and finding easier stocks to pump. Now if we could only get a little help from the market, lol.
Komentar:
Chart pattern now looks right, and I think the market dips tomorrow because futures are overbought.

Target is a modest $128 because of options max pain, but I think I'll hold my puts until the EOD tomorrow.
Komentar:
Down 60 cents AH because they're cutting corporate jobs, probably doesn't matter because WMT has a tendency to fill gaps, but at least we don;t have to deal with a gap up
Komentar:
$128 is my initial target, $126 my second.

FDAX implies a gap down tomorrow, but employment numbers coming out so it can go either way.

Gonna close my position EOD, if I feel like gambling I might just scale down and go with fewer puts at a lower strike EOD or do GM puts for an all or nothing bet. GM moves faster.
Komentar:
It's been a while since I traded WMT, strange how it bounces at the dollar mark like every day is options expiration, lol.
Trading ditutup secara manual:
Shot threw my target, so closed out everything at the $3 drop. Big move like that, and it's bound to bounce.

Heck, I more than doubled my money, made $5k off of this since puts are so cheap, despite losing $700 on other trades yesterday.

But anyways, a successful chart read, and picked one of the few stocks that went red yesterday so that's a big win.
Komentar:
Note: there's no support here so it could easily hit my $126 second target today, but I'm not gonna get greedy, because that's when I wind up losing money.

I'd feel a bit dfferent if the rest of the market was tanking, but it's just going sideways.
Komentar:
Why $128? i was looking at options trading yesterday. More puts bought today, so the max pain is actually rising. Tons of $128 puts traded yesterday, but based on open interest it looks like it was a day trade. Dude should've held another day and gotten another 200% return.

Anyways, I usually just look at open interest to gauge it, but here's a site for those of you that need a visual:

swaggystocks.com/das...options-max-pain/WMT
Komentar:
LOL, should've re-entered the trade on the bounce, looks like it will hit my second target after all

Anyways, hope you guys made some money
Komentar:
Appears my second target coincided with the 50DMA. Much bigger bounce here
Komentar:
Well, my targets were right along with where I expect this to finsish tomorrow for options expiration. Could have played it better, but never kick yourself when you make money.
Komentar:
You gotta love the chart though, perfect.
Komentar:
Should've stuck with the gameplan, lol. Finsihed at the bottom EOD, as I had predicted yesterday
Komentar:
I'm not playing it but I think there's a potential to hit $120 again, this looks like a continuation pattern
Order dibatalkan:
Hilarious.... they warned on earnings because they missed by a penny?!?!

Now there's a huge gap above and a gap below. It'll fill one the go for the other, so let it fill one of the gaps first.
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