grubby1220

grubby1220

I have been saying this is going down all week and have been incorrect even as there have been higher prices on lower volume. Today for first two hours of trading there was absolutely no volume. Opened up the following SEP 13 $38 PUT @.19 11x SEP 13 $35 PUT @ .05 3X At this point if it isnt going down with this set I dont know what to think. I'm also trying to...

grubby1220 Updated 

Open Straddle at following OCT 18 2020 $12.50 Call @ $1.20 OCT 18 2020 $10 PUT @ $.90 Actually, believe that this has only one direction to go (down) as folks are trying to get in on what they perceive as value play. Currently is divergent as well but due relative historic lack of volatility I think getting the options at a discount. Could be in position to...

grubby1220 Updated 

Just opened 5 SEP 6 19 $31 Put @. .40

grubby1220 Updated 

@ Open placed following SIG SEP 6 2019 12 Call @ .72 X5 SIG SEP 6 2019 10.5 PUT @ .70 X5 Market is obviously not thinking that results will be too solid as down almost 10% today.

grubby1220

Not only is FL in a bear pennant formation it is now divergent. Multiple other reasons to be down on FL, just do not see it sustaining recent increase especially with dwindling volume and divergence.

grubby1220 Updated 

Ok first of all no comments on the Van Gogh li,e drawing please.Its late and I’m no,good at graphs. But I gave no doubt that FL is set up perfectly for bearish pennant with exit price price around 25-28. I will be opening 100 SEP 20 31. If you look at this strike price you will see OI of over 11000 so thinking someone know,something. In terms of Pennant look...

grubby1220 Updated 

When looking at FL set up for a down day Wednesday-just hope it does not gap down Will open 10 $34 SEP 6 PUT with limit of .65 Looking for drop to of between $29-$31 over next 6 trading days. Decent divergence for EOD trading and generally leads me to believe will "Catch-Up" in the AM. Also, while not a very clear or perfect Pennant, Pennant shape forming up for...

grubby1220

I saw where Guggenheim analyst says LYFT will be profitable by 2021 instead of 2023. LYFT will still not be profitable in 2121 let alone 2021. In all fairness, he is correct if you want to look at LYFT and UBER as technology plays but they are not, they are commodity plays. A couple of questions for people who think LYFT and UBER raising prices is the cure...

grubby1220 Updated 

Looking at current 15 minute LYFT chart it appears to me that LYFT is in for a down day tomorrow as there is a decent divergence with RSI. I would rather see it rally a bit so I could close CALL portion but it appears that will not happen. Personally I think the rally today was based on a pipe dream of raising prices. I mean raising prices in a commodity...

grubby1220

First and foremost I admit this title is a bit hyperbolic but I wrote this after seeing one too many titles "Oil Below $40". Even if there were a major economic global slowdown, oil will NOT stay below $40 for any appreciable amount of time (by this I mean weeks). On the flip side, oil will not go above $80 and stay there for any amount of appreciable time (again...

grubby1220

While UVXY can in the short term jump (and jump quite a bit) long term there is absolutely no way for this to go but down. Currently have the following Positions JAN 17 2020 10 PUT #20: Bought at .18-.28 - I will admit I don't love this position right now but still believe it will be profitable MAR 20 2020 10 PUT #10: Bought at $.50 JUN 19 2020 5 PUT #40: Bought...

grubby1220

i just don’t see anything that will drive up UBER.

grubby1220 Updated 

In looking at USDCHF 240 appears to be ready for an increase to 1.15-1.30 during over next several trading days. Even someone as dim as myself can see this one coming

grubby1220 Updated 

Think going closer to 23-24 before rebounds. With losses like they have and no foreseeable way to profitability (this is a commodotized business) the current valuation is way too high. I think even at $23 the market valuation is a joke.

grubby1220 Updated 

I’m of the belief that the business model for Uber and Lyft long term is on with very thin margins and is a commoditized product. Eventually these two companies will stop marketing themselves as unique businesses and improve margins. However, as Ivan Feinseth of Tigress pointed out, as economy gets worse more riders could become drivers; therefore eroding demand...

grubby1220 Updated 

In reviewing previous ideas on here I was stunned to see how many folks called this long. But I guess you can read into a chart whatever you like. Although could be concerned about double bottom, it is very apparent that IONS is doing nothing but going down. I see this as a flag wth potential to seem 48 before it’s done (although 52.5-55 more likely). Either way...

grubby1220 Updated 

Expect ETSY to cross over $70 mark within next 15-20 trading days and possibly break out up to $80 but the latter is speculation. Tuesday will be opening 10 June 21 $70 Calls & 5 June 21 $75 Calls. At very least with $70 calls would expect call price to increase by $1.75 within 3 weeks.

grubby1220

Opened following LYFT AUG 30 51 CALL 5 @ $1.09 AUG 30 50 PUT 5 @ $1.14 UBER SEP 6 33.5 CALL 5 @ $1.10 SEP 33 PUT 5 @ .85