jeromepower

jeromepower

Noticed an expanded flat. I got the drop I wanted after earnings and I also got an LDC after the earnings drop. I can therefore conclude its time to buy calls. If you like what you see why not support us? 👇

jeromepower

Banks are raising more money than they ever needed before by means of debt securities. This is all taking place amidts the biggest potential short squeeze in financial history. I'm sure its just coincidence. If you like what you see why not support us? 👇

jeromepower

Good afternoon! LDC identified on the 1h chart. I've got MRK 06/18/21 80 C Will mostly sell them before 04/29. Earnings are on 04/29 BMO (BEFORE MARKET OPEN). I will hop back on after the announcement. Stay tuned! If you like what you see why not support us? 👇

jeromepower

GOOD AFTERNOON. Be careful with the price action you see on AMC! I'm hearing alot of reports about price spoofing. The hedge funds think this will scare us. Not a chance! JPM is no longer the bank that has raised the most money from bonds. Its just been reported that Banks of America raised $15 B making this now the largest in any bank. Something is brewing....

jeromepower

I'm expecting a drop before a potential earnings play for call options. Another potential running flat seems to be forming. If you like what you see why not support us? 👇

jeromepower

The pattern we have here is called a running flat Elliott correction wave. I don't use indicators so I rely on fractal patterns to identify entry points. When in use the respective sector for the stock of interest, in this case the NAS100. We could have just as easily used the XLK for inter-market analysis. If you like what you see why not support us? 👇

jeromepower

I'm noticing when GME's price goes down the media is quick to announce it; however this isn't the case when the price rises. Why is that? Today it was announced that JP Morgan sold $13B worth of bonds. This news turned heads because it was reportedly the largest bank deal. They also announced their earnings yesterday. Their net income increased 5-fold to $14.3B....

jeromepower

Good afternoon, I sold to open 2 bear call spreads. BK 04/23 47.5/48 Bear Call. Since I shorted call spreads I received the income right away (cash inflow). This strategy protects me against theta decay and IV drop. I only get back the full collateral if the price on April 23rd is less than or equal to $47.5.

jeromepower

The squeeze won't happen overnight. If you want to participate in this phenomenon please be aware that you should not place all your eggs in the same basket. Diversification is still relevant. I know alot of you are wondering when the squeeze will happen nobody knows for sure, but it's inevitable given the data. If the share recall does in fact take place this...

jeromepower

PLTR and SNOW continue to mirror one another. They both have fractals on the lower time frame. This usually signals that we're heading up. The month of April is quickly coming to a close. April seasonality is great for there stock market. With the wave of stocks announcing earnings at the end of the month we should continue to see more rallies. However I'm very...

jeromepower

I thought PLTR would rally to at lest 28 in anticipation to demo day. Evidently the catalyst was very short lived. The stock was down over 6% today perhaps this might present a "buy the dip" opportunity. If you like what you see why not support us? 👇

jeromepower

The last time VIX was this low was MARCH 2020 right before the pandemic fuelled correction. I see a regular flat on the vix. Whats more, I have reason to believe that GME and VIX are highly correlated both of them are looking to takeoff soon! If you like what you see why not support us? 👇

jeromepower

RIOT SQ MSTR TSLA Were all down today. I suspect its because people would flock towards them due to their exposure to bitcoin on their balance sheet, but now that Coinbase is public people might just invest in them. Nothing confirmed just a theory. Tesla is always a long for me

jeromepower

I noticed a positive correlation between the VIX GME way back when the squeeze started. Someone on reddit actually took the time to calculate a hypothesis test and concluded that the P-value was less than the Level of significance. This means that the probability of the the correlation between the two variables ( vix and gme ) being spurious (meaningless) was very...

jeromepower

AMC Update 1. AMC short interest % is reported to be at 21.22%. 2. Today Gary Gensler was confirmed as the new chairman of the SEC. Gensler is said to investigate the market manipulations regarding several meme stocks on reddit forums. Hopefully he will shed more light on what I believe is blatant corruption. Although we don't know the exact outcome of the...

jeromepower

I saw an LDC (lower degree correction) on BABA last week. We got bad news over the weekend about a fine to the tune of $ 2.8B, but BABA went up further on Monday. This is a testament as to why sometimes the technicals are superior. News doesn't always reflect the reality of the stocks. Good news can sometimes hinder on a stock price and bad news helps the stocks...

jeromepower

I almost feel bad for the hedge funds. In a recent 8-K filling it was revealed GME plans to use the cash on hand to be debt free by April 30th. Whats more, they will raise an additional 1B$ in equity if ever they run out of cash. I think they''ll raise the equity once GME is higher in price. The board of directors have not ignored what's been going on with their...

jeromepower

Good afternoon. Currently up over 120% on my AAPL 07/16/21 145 C. Factors behind this rally: April seasonality and earnings. I'll be selling my options prior to earnings announcement, maybe around 3 PM on April 28th. AAPL will be releasing earnings on April 28th AMC (After Market Close).