Do you think SpaceX’s IPO will temporarily suck out value from high volatility names like memory (MU, SNDK, DRAM), energy (BE) stocks etc.?
Will you sell the other ones for now or keep holding no matter what?
If yes, why? If not, why?
I'd like to limit this post's audience to semi/storage/MAG7 bulls only (no need to mention "why buy these at ATH?!" etc.).
What are your current plays/setups? I personally hold SNDK 1000c and WDC 350c, both for 1/15/2027, and GOOGL 325c for 8/21 (for after the next earnings, although it's gonna hit $400 soon).
I'm planning to snatch some additional shares or deep ITM calls for: BE, AVGO, INTC or AMD.
According to CNBC (not sure what are the other reliable stock market news providers, I'm new to these), a good entry point for AVGO would be $360-$370 and for INTC $60-$65, because the stock is arguably overextended.
Do you wait for any of these four stocks to cool off before buying or do you think that some of these, like BE perhaps?, are worth buying even at these levels?
How come I see new un-verified profiles despite the mandatory face verification for new accounts on Hinge? I am based in California. Anyone else came across this?
TYPO: i wanted to say “overbought” in the post title!
Hello, fellow options traders.
I hope my post doesn't come across as too "simplistic" but CNBC recently reported that AMD is one of the most overbought semi stocks, with RSI of 89.1 (stocks with a 14-day RSI above 70 are considered overbought and below 30 as oversold).
Do you ever buy plain ATM puts (let's say with 6-12 month DTE) on such stocks just to ride out the eventual downward momentum and get out with a small profit, ~30%-ish or so?
I know that this could be said about any stocks because everything eventually pullbacks slightly, but stocks with such a high RSI are the best candidates for such somewhat lotto put plays, right?
PS. No need to downvote 🤭😉