Bison Forum

Killer rally under way as markets react to The Presidents emerging trade deals, now including China.

Nobody knows the future but looking at the past few years a pattern of corrections has emerged
As time passes the magnitude of this correction, dominating the charts now, will appear normal like the others.

lol get fucked you gay bears.

Puts were cheap this morning.

Time to buy puts in anticipation of Israeli false flag event(s).

How chart formations can work for you, not advice, just an example I learned in a book:

JNJ: X-Date 5/27 $1.30/share

Looking at 3 years with each bar 1 week shows a nice formation:

Situation on Wednesday showed a sine wave pattern of about 6 months duration and 30 point channel for JNJ nearing its low. Good time to sell puts. On Thursday JnJ confirmed, turned up and the 5/23/2025 $147 @ $1.37 call was available, paying more than the dividend and if called on the 23rd goes X on the 27th giving you time te re-enter for another $1.30/share, a cap gain for us greater than dividend and if we repurchase, shares are near the 52 week low. For bargain hunters it was a good place to add out-right too.
Puts and out right buys at troughs bottom, calls and outright sells at top. Careful execution can turn a stock into a monthly dividend payer or more with some cap gains. At these prices Jnj pays 3.5% ~. It can be a nice 15-20% with the dividend harvest and the put/call wheel

This morning JnJ is poised to open @ $149.50~

Option premium is upfront, potential is known before hand - no guess work, solid underlying stock potentially acquired through put at good price. Deal has no more risk than going long on the execution date and provides good future trading opportunities

Lakesbison wrote: ↑Tue Dec 03, 2024 6:29 pm

Lakesbison wrote: ↑Wed Nov 13, 2024 4:45 pm i made $10K+ in 12 HOURS with $MVST KEVIN i told you about a year ago about this..

you all should buy its .80 and will get to $5 soon.

$1.50. You still got time. I warned you Kevin!!

$LPA too

MVST selling at $4 you would've made bank listening to me
LPA at $8.50

boom

Big rally in big oil foretelling the coming boom?

137 a few days ago now poised to open around 145 on good volume.

Bands are narrowing signaling another move?

Price is following closely the mid-line of the standard deviation price channel which is now bullishly sloped upward.

Trade is over. Calls are sold and we hope it closes. If not we will try again. The calls are out 14 days. The call premiums in 14 days return more than the dividend taking 90 days. That’s why I do it. I value cash on cash far more than unrealized gains.

Maverick said all tax payers should own defense stocks. It’s the only way we can profit from the corruption and recover at least some of our stolen money.

This one caught me by surprise. Lockheed was already down 30-40%, the secret space plane (some say anti-gravity or Time Machine) has resulted in billions being lost, 52 week lows and near historic correction levels. We did a covered call hoping on news of in line earnings it would expire worthless. The LMT calls/puts have been selling at rates in excess of the stocks dividend return in far less than 90 days.

Earnings were deflated. the down gap was immediate and severe. Call became worthless anyway and we bought it back for pennies on the dollar. Now we are down about 40 points with some cash in pocket.

Things have since gone our way with this corrupted, behemoth space faring war machine. we may be able to trade out and meet our goals.
Generally speaking

Based on my own observations where I trade, call side premiums are thin, The put side juicy. This could be signaling a downturn. The market maker wants to sell not buy. Combine this with the huge gold/silver rally and some say the instability of the country is being reflected in the markets. I think, for now, it’s the deflated dollar being reflected. Who wants to sell you gold for these joe biden deflated dollars? I won’t even sell my silver.

Bonds, at least the short term gov bonds where I trade, have been stable for several years in the 4-5% range, while the much feared inversion has to some magnitude more-or less persisted. all bark no bite?

When all three line up I’ll be fearful, right now just concerned. Maverick says always be selling, take profits, take profits and take profits. It’s seems like sound advice.

Back in May I posted an SPY correction pattern that emerged from the 3 year/1 week chart pointing to 700 from a price at the time of 579. In May I thought I was on the 4th leg.

Here’s how it looks now. At 662 It’s fast closing in on a 100 point rally.