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    Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Jan 07, 2021

    January 07, 2021

    Stocks - r/Stocks Daily Discussion & Options Trading Thursday - Jan 07, 2021

    r/Stocks Daily Discussion & Options Trading Thursday - Jan 07, 2021

    Posted: 07 Jan 2021 12:00 AM PST

    This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.

    Some helpful day to day links, including news:

    Required info to start understanding options:

    • Call option Investopedia video basically a call option allows you to buy 100 shares of a stock at a certain price (strike price), but without the obligation to buy
    • Put option Investopedia video a put option allows you to sell 100 shares of a stock at a certain price (strike price), but without the obligation to sell

    See the following word cloud and click through for the wiki:

    Call option - Put option - Exercising an option - Strike price - ITM - OTM - ATM - Long options - Short options - Combo - Debit - Credit or Premium - Covered call - Naked - Debit call spread - Credit call spread - Strangle - Iron condor - Vertical debit spreads - Iron Fly

    If you have a basic question, for example "what is delta," then google "investopedia delta" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.

    See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

    submitted by /u/AutoModerator
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    Sorry, I’m out.

    Posted: 07 Jan 2021 02:21 PM PST

    After seeing TSLA land on Mars today when it crossed the $800 mark, I got a little worried. I had a weird feeling in my gut. I knew the next stop would be Jupiter, I just... couldn't help but feel like "we had arrived".

    So after thinking about it long and hard, going back and forth, I decided to cash out and get off this reusable masterpiece of a rocketship. It had taken me and my SO safely from Earth to Mars and it was time to get off.

    The money we made from TSLA helped us make a down payment on our first apartment, so it went to good use.

    Selling TSLA felt bitter sweet as I love this company, I have a man crush on Papa Musk and I was planning initially to hold my dear TSLA shares "forever". However, I'm forever grateful to this company as it made buying an apartment possible for me. Believing in it paid off.

    Thank you Elon. Thank you TSLA. ❤️

    submitted by /u/AmusedSeagull
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    TSLA is scary.

    Posted: 07 Jan 2021 01:05 AM PST

    The more and more I see it grow the more and more I'm worried about it popping.

    I've stopped putting money in it a while ago due to the insane valuation. The only reason I see sticking with it is harvesting even more gainZ.

    But when will it be too much? When will people start saying "fuck it I'm cashing out"? Then shit will hit the fan like no shit ever hit a fan before... This clearly isn't sustainable, is it?

    submitted by /u/MIS-concept
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    Do big-gain days make anyone else nervous?

    Posted: 07 Jan 2021 08:00 AM PST

    Is it weird that I get more nervous when I have a day of big gains than a day when things are slightly red? Makes me fear a bubble and I have more of an urge to "panic sell" when my portfolio is up 5-6% than I do when it's down for a day. How weird am I?

    submitted by /u/ShineHungry
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    Palantir live COVID-19 event

    Posted: 07 Jan 2021 10:06 AM PST

    Palantir CEO Alexander Karp on helping governments with coronavirus response. PLTR was tapped by governments around the world including the U.S. government to use its software to manage the data on the spread of COVID-19, to analyze trends and anticipate various needs across the supply chain. Palantir products such as Foundry is able to monitor the manufacture of coronavirus vaccines and determine where they should go. Foundry allows users to understand what is happening on the ground and to determine which hospitals do not have enough supplies, are over utilized, and have capacity through a dashboard unifying data sets.

    submitted by /u/djchristyle
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    STOCKS FOR 2021-2022 :) Pick 3 stocks you believe are going to be big players in the new year. And we'll see by the end of the year what aged well! I'll start with my picks below, rate if you like. "Solve your problems by getting rich"

    Posted: 07 Jan 2021 11:51 AM PST

    DQ / Daqo New Energy ICLN / Etf at a beautiful price CIBR / Etf for cyber security

    Bonus: NET

    Please let me know what your Stock plans are for 2020. And if you have any ideas for growth stocks!

    BONUS BONUS NVIDIA

    submitted by /u/Prudent_Artichoke_66
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    Aurinia pharmaceuticals (Ticker: AUPH) MAJOR catalyst January 22

    Posted: 07 Jan 2021 08:31 AM PST

    So with all the medical mania happening recently, I did some DD on companies with upcoming catalysts that could skyrocket the stock, and fell into Aurinia pharmaceuticals. I will post link to the main article explaining in detail about it, but in short:

    -Aurinia Pharmaceuticals has one of the most important milestones in its history in a few weeks.

    -Next January 22, 2021 is the PDUFA where the FDA will decide the approval of the candidate drug Voclosporin.

    -Voclosporin approval by the FDA is almost assured (estimated at 95% chance of approval) thanks to the very good phase III trial data presented last December 2019.

    -Estimates of the potential revenues that Voclosporin could generate worldwide once approved range from $1.5B to $3B per year.

    They also have around $400+ mill in cash on hand with great leadership.

    The only other completion they have in this field is Glaxosmithkline that currently produces an inferior product (just approved dec 17) and is currently trading at $38/share

    Right now AUPH is only $13 a share, and with the high probability of being approved in a couple weeks, I have a feeling this thing will 🚀 straight to the moon, and evidence of that is how it jumped to $21 last December when it released its phase 3 trial results. Currently all analysts have a buy rating at a PT average of $23.

    Do your own DD, but I'm in with $5k waiting for this home run

    Link: https://www.google.com/amp/s/seekingalpha.com/amp/article/4395615-aurinia-pharmaceuticals-offers-good-entry-opportunity-next-pdufa-for-voclosporin

    submitted by /u/Noideawhatimdoing90
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    Market Moving events of next week.

    Posted: 07 Jan 2021 10:38 AM PST

    Market Moving events for next week.

    https://imgur.com/a/2mvnsEz

    Market Moving events for next week. Down vote if you don't find it useful.

    If you want to see some market moving events and earning calls for next week here is a de-branded calendar: https://imgur.com/a/2mvnsEz If you like to hedge or play the earnings.

    submitted by /u/DMmeStockEvents
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    PLUG +20% after-hours

    Posted: 06 Jan 2021 03:44 PM PST

    Plug Power and South Korean SK Group to Form a Strategic Partnership to Accelerate Hydrogen Economy Expansion in Asian Markets; Plug Power to Receive $1.5 Billion Strategic Investment From SK Group

    https://finance.yahoo.com/news/plug-power-south-korean-sk-230000082.html

    submitted by /u/Austrian_Fella
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    Technical Analysis Series 1: Candlesticks, what are they and how do I use them?

    Posted: 07 Jan 2021 06:58 AM PST

    Hey Internet,

    This post is the first part in a series I will be doing outlining some of the basic tools, tips, and techniques I use to conduct technical analysis on charts.

    I figured that the best place to start is at the beginning, so the title of today's post is: "Candlesticks, what are they and how do I use them?"

    In this post I will present some of the basic elements of candle sticks, a few noteworthy candle stick formations, and introduce some other relevant terminology. In addition, this post will be helpful in generally explaining how to read a chart at a very basic level.

    A candlestick tells the story of the price action for the asset during the relevant timeframe you have selected for your chart.

    While they may not look like much to the untrained eye, markets are run off of human emotion, primarily fear and greed. Candlesticks can give valuable insight into what the mood of the market was during a given timeframe.

    Why Candlesticks vs other types of Charts?

    • There are plenty of valid ways to look at historical price data for assets:
      • bar charts
      • line charts
      • heikin-ashi charts
    • The reasons I prefer candlesticks are:
      • can easily visually see where the candle opened
      • can easily visually see where the candle closed
      • can easily visually see where the candle "wicked" up or down to and was rejected from
        • Being able to easily identify these data points allows for a technical trader to more quickly assess the relevant info required for assessing risk and putting on trades.

    Here is a 1 week ("1W") timeframe ("TF") chart of Starbucks: https://imgur.com/gallery/gmzRPrY

    As explained in the graphic:

    • The asset is generally listed in the top left of the chart followed by the TF of the candles on the chart.
      • Since this is a 1W TF chart of Starbucks that means that each red or green candle on the chart represents 1 week of price action.
        • Candle periods are broken into what is considered high TF, medium TF, and low TF.
    • The general rule of thumb is that looking at a high TF candle chart reduces the risks of getting "faked out" by bull traps, bear traps, or otherwise sideways choppy action (future posts will touch on what these are if you'd like to know more).

    • Essentially, it would take much more sustained application of capital to lay such a trap for a 1 week period vs. a 1 hour period. Therefore, high TF charts are much more reliable for longer term analysis. The downside to high TF candles though is that they are obviously less responsive to explosive and sudden price action brought on by a catalyst or other outside event.

      • On equities the TF breakdown is generally:
        • High TF: 12 month candles, 6 month candles, 3 month candles, 1 month candles, 2 week candles, and 1 week candles
        • Medium TF: 3 day candles, 2 day candles, and 1 day candles
        • Low TF: 4 hour candles, 2 hour/90 minute candles, 1 hour candles, 30 minute candles, 15 minute candles
      • Technical traders will run all types of TF's on candles and these are just some of the most common examples. Furthermore , the most relevant or "favorite" TF's of technical traders will change as algorithms are adjusted across the market, thereby requiring the trader to adjust as relevant market data is analyzed.

    Here is another shot of the 1W TF chart of Starbucks with some additional info to cover candle stick bodies and wicks: https://imgur.com/gallery/IUNET9x

    As explained in the graphic:

    • The body of the candle is the solid portion of each candle.
      • The body contains the price range between the Open and Close of the asset.
        • A red candle has the Open at the top of the body and the close at the bottom of the body.
        • A green candle has the Open at the bottom of the body and the close at the top of the body.
      • The lines sticking out of the top and bottom of the candle body are the wicks for the candle and represent the High and Low for the TF.

    The importance of Open and Close for a candle will be further expanded upon in later posts, but the short version is that open and closing prices for an asset are extremely important for "confirmation trading." This is a style of technical trading where one waits for a candle to confirm (open, or even open and close) over (or under) a critical resistance level before entering a position. This is a more conservative technical trading style, but it can also increase one's chance of success by preventing them from buying or selling into wicking price action that is not truly indicative of the trend.

    Candle Stick Formations

    A lot of materials have been written on various candlestick formations and in my experience the new trader will put far too much weight in these formations, Treating these formations as if they are some secret sauce to conquering the markets. In my experience candle stick formations and patterns are quite important, but what is less important is memorizing every catchy name for the formations and being able to recite them off the top of your head. Once one understands the principles and market forces these formations are conveying they will be much better served in comparison to just memorizing their names.

    The most important concepts of analyzing candlestick formations relate to the size of the bodies and wicks on the candles being analyzed. In addition, volume should also be a main consideration when looking at candlesticks in order to gauge the level of market participation over the relevant period (a little write up on volume will be coming shortly).

    Core Concepts on formations:

    Wicks:

    • A long wick coming out the bottom of a candle on a downtrend may reflect that a local floor has been reached for the asset. The long wick reflects this because it shows that the market has readily bought up the price of the asset at lower prices.
      • For example, here is what is known as a "bullish hammer", or dragonfly doji, on the 3d tf for the S&P 500 in the march lows of 2020: https://imgur.com/gallery/xjjC3dB
        • you will notice that there was a massive wick coming out the bottom of the candle body (reflecting the strong buy pressure at those lower levels) and then subsequently no candle body closed below the body of this bullish hammer/dragonfly doji.
    • Similarly, a long wick coming out the top of a candle on an uptrend may reflect that a local top has been reached for the asset. The long wick reflect this because it shows that the market has readily sold down the price of the asset at higher prices.
      • For example, here is a local top reached in September 2020 for the S&P 500 (the second arrow pointing out a long wick to the bottom and resumption of trend): https://imgur.com/gallery/HFM85ni

    Body:

    • The size of the candle body and its relation to prior candle bodies is also of critical importance. As previously discussed, the candle body represents the open and closing prices of that asset for the given TF. This range can be considered the "accepted price range" for the asset while the wicks are outliers on the relevant price action.
    • Therefore, a candle body that closes above the prior candle body can be indicative of bullish trend resuming.
    • Here is another example except for a bearish continuation of candle bodies: https://imgur.com/gallery/JeZPCUB

    Doji:

    • A doji is a name for a session in which the candlestick for a security has an open and close that are virtually equal and are often components in patterns.
    • Doji candlesticks look like a cross, inverted cross or plus sign.
    • Dojis by themselves are not inherently bearish or bullish patterns, they must be analyzed in context of the greater trend and accompanying volume.
    • However, Dojis are a sign of indecision in the market place. The fact that there was very little range between the open and close (thereby causing the candle to have a very small body) reflects that bulls and bears are undecided on which direction the asset should continue.
    • In practice, I often view Dojis as a sign to watch out, because it suggests the asset may soon be making a sizable move one way or the other.
    • For example, here is a recent 3d gravestone doji on AAPL incorporating several of the concepts related to candles touched on in this article: https://imgur.com/gallery/NYYwn1x

    Now that some general concepts have been outlined regarding the relevancy of candle bodies and candle wicks, take a look at the below traditional candlestick formations and try to determine why they are considered "bullish" or "bearish" candlestick formations:

    I hope the above was helpful in providing some useful info for new technical analysts!

    submitted by /u/Dr_Pips_Rips_Dips
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    Dow rises more than 200 points to record, Nasdaq tops 13,000 for the first time

    Posted: 07 Jan 2021 12:39 PM PST

    https://www.cnbc.com/2021/01/06/stock-market-futures-open-to-close-news.html

    The Dow Jones Industrial Average advanced 237 points, or 0.8%. At one point, the Dow was up more than 300 points. The Nasdaq Composite popped 2.4% — breaking above 13,000 for the first time — as shares of Microsoft and Alphabet both gained more than 2%, and Apple rose 3.1%. The S&P 500 advanced 1.5% to trade above 3,800 for the first time.

    submitted by /u/coolcomfort123
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    long long term investing

    Posted: 07 Jan 2021 12:26 PM PST

    Hey everybody so im fifteen (very young I understand) and have around 1000 dollars saved up right now and can bring in potentially around 500-1000 dollars per month from job/allowance

    i'm fifteen so i can literally invest on a 10 year portfolio and only be 25 so I want to invest for the long term

    im currntly eying green energy and tech stocks and spce as my hobby stock lol for my long term investments but only having been in and learning the market for around 7-8 months at this point i really don't have the experience to make proper decisions and do not want to throw away such a great opportunity with age

    so im just wanted to ask if any of you more experienced people could help provide resources and advice on how to make long term investment decisions, find long term opportunities, and give me tips on further educating myself on the market and avoiding crucial mistakes that most inexperienced people make

    submitted by /u/GrandEagles33
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    Why is the stock market up so much today?

    Posted: 07 Jan 2021 08:02 AM PST

    Just checked my portfolio and my stocks are crazy up right now, especially with ICLN going absolutely insane in terms of growth. I understand that the Georgia runoffs have just concluded which would explain the growth in ICLN but what about the rest of the stock market? Is there going to be a correction soon?

    submitted by /u/bigdadrice
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    Baba

    Posted: 07 Jan 2021 08:02 AM PST

    Am I crazy for buying baba right now?

    I hate getting political on here, I am a Republican. The only pressure on China and baba is from the trump administration. Biden is very much pro China, I see him trying to rebuild relations with China, which honestly I'm not sure is good but from an investment standpoint I think it's great.

    Essentially all this pressure on delisting will be gone when trump is out. It seems like the perfect storm taking baba down these last 3 months. I don't see any permanent damage done on the mid-long term.

    I find that baba has insane growth potential. China is on track to become the worlds superpower, its people are slowly getting more freedom, and love online shopping.

    Baba is their Amazon.

    Give me a bear/bull cases I might be overlooking.

    I bought at 220.46

    submitted by /u/Optionbelfort
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    How big could INRG get in the next 15 years?

    Posted: 07 Jan 2021 12:47 PM PST

    With so many decade long commitments to clean energy from various countries, do you think INRG could see 10x gains in the next 15 years?

    It has doubled this year but there was very little movement for the past 8 years according to the fund chart on Hargraves Lansdown.

    submitted by /u/Bunch_Round
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    Elon SIGL pump... wrong company?

    Posted: 07 Jan 2021 10:38 AM PST

    Elon tweeted "Use Signal" so naturally I looked up the ticker for Signal Messenger. I couldn't find anything, but I did find SIGL which is "Signal Advance Inc." (not signal messenger). It shot up 600% today (https://www.marketwatch.com/investing/stock/sigl)... can't find other news... are these investors which didn't do their DD? Am I missing something?

    edit: typo

    submitted by /u/blpst
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    The portfolio ive been building for the past year

    Posted: 07 Jan 2021 02:04 PM PST

    As the title states. Lots of new positions in this portfolio. I used 70k in margin a few days ago on arkk, arkg, msft, icln, tilray, aaple, att, and rycey. Let me know what you think. Good or bad.

    https://i.imgur.com/ARu3qE3.jpg

    submitted by /u/No_Currency_99
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    BABA...g holers? I don't think so

    Posted: 07 Jan 2021 01:58 PM PST

    Ill be up front about 2 things, i own 60 shares of BABA (bought both "dips at 280 and 230") and also I am not nearly as experienced as some people on here.

    But one thing i can do is research, and have patience. All the silly quotes that you read on here, i think the absolute best one is time in the market > timing the market.

    Ive done a bunch of research on BABA and I think that i share many opinions with others on here and its just....wait. Don't sell and just hold on. Its pretty unlikely that they get delisted in the NYSE just because of the amount of money thats invested. You can always count on one thing, you can follow the money. The money showed a Biden victory back in sept/oct, and it shows BABA will at some point come back up. After reading several things on them i took a few things away and wanted to share them or discuss them.

    " In its most recent quarter, Alibaba's revenue jumped 30% to $22.9 billion, and adjusted operating income rose 44% to $4.4 billion, showing the company's enviable profit margins. Additionally, its cloud-computing division saw 60% revenue growth in the quarter to $2.2 billion. Based on those numbers, Alibaba would likely be worth double or even triple what it is today if it were an American company. "

    " The lesson for Alibaba investors, therefore, seems to be that there are risks from the CCP's current actions against Ma and the company, but the investor response seems overblown. Alibaba is a leading tech giant in a country set to become the world's biggest economy in the next decade, but it's being valued as a stodgy company in a slow-growth industry. That looks like a mistake. Investors may want to take advantage of the current discount. "

    So im always open for a discussion but my best advice is to just buy more if you can afford it but hold strong. Scared money dont make money!

    submitted by /u/Dylan-Jupp
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    Buy Cannabis Now!

    Posted: 06 Jan 2021 06:27 PM PST

    As soon as it is decriminalized federally (which it will be due to the massive upset in Georgia), interstate commerce can commence as well as international trade with our neighbors to the north and south, who have also legalized (Mexico recently). It will sky rocket and all the "conservatives" will wonder how all the potheads got so rich suddenly.

    Biden and Harris have admitted to their error in voting against cannabis in the past. I also believe that Biden will tout legalizing cannabis as one of his major achievements for his first 100 days. Which means they will pressure all those around them to vote to pass.

    Plus, why not legalize and tax it federally? We are kinda in the middle of a pandemic and the economy needs all the help it can get.

    The only ones who don't want it legalized are crusty old farts. Support is huge for the green.

    Jump in now!

    Edit: Suggested Stocks

    TLRY - Recent merger has it set to blow

    GRWG - Has grow operations and sells equipment to growers.

    MJ - ETF of Cannabis stocks

    SNDL - Canadian company, but who doesn't love a long call on a penny stock.

    submitted by /u/drtywlf
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    What are your best stocks for 2021?

    Posted: 07 Jan 2021 12:38 PM PST

    Im pretty bullish about how this year is going to turn out and am wanting to add 2 or 3 more positions into my protfolio.

    Am currently holding:

    SHOP

    BABA

    ENB

    IBM

    ARKG

    ARKK

    NIO

    BNS

    VO

    NIO

    Im looking at DKNG, PLTR, PYPL, MSFT

    Let me know what you think and what i could possibly add.

    submitted by /u/Hmcpie
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    I’m looking for some advice on ACTC: ArcLight Clean Transition. I’ve heard from a few buddies it’s supposed to be big given the current political climate. Does anybody have any advice on it?

    Posted: 07 Jan 2021 12:50 PM PST

    I'm wondering if anybody knows something. My research wasn't able to come up with much. I found a few promising traits, but that's about it. Just wanted to know if the folks on Reddit knew anything, or if this was even being discussed. They just had their IPO.

    submitted by /u/TheFalloutHandbook
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    Which hydrogen stocks do you think will explode?

    Posted: 07 Jan 2021 10:44 AM PST

    All jokes aside, I'm relatively new to investing but I am extremely confident that renewables and clean energy are the future. Based on the recent movement of stocks like PLUG and the fact that the Democrats essentially have control over the U.S. government I think the next few months-years may see renewables skyrocket even more than they already have. That being said, which stocks in the hydrogen sector do you see taking off?

    submitted by /u/Perry_Investing
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    Does SRPT have any binary events in the next week or two?

    Posted: 07 Jan 2021 11:12 AM PST

    SRPT options that expire Jan 15th seem to be very expensive relative to a 30% increase/decrease from the current market price. Does anyone know if there is some binary event like an imminent FDA announcement or data lock?

    For that matter, how can I find out if there is a binary event coming up for a stock? Normally I just google the name of the ticker and read a few recent articles, where occasionally it is mentioned. It would be nice if there was a more consolidated view for this.

    submitted by /u/chinawcswing
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