$AG is starting to pay dividend next year. Super bullish for the stock. I am short 12 and 14 strikes and 11 puts. All ~70% profitable by now. Can’t decide whether to let them ride into expiry on Jan 15 or close them. It’s been an aimless grid for gold for the past 6 month since the first leg up.

I went straight bullish, though, with a April risk-reversal, long the 10 call, short the 10 put.

I just bought a little AG this morning!

It’s been truly profitable selling puts and calls. My favorite is $AG. It rises from dead each time it dips below $11.

Is that a question for Randy?

If I was good at predicting market direction, then I wouldn’t be paying to be in this room. Speaking of which, where the heck is Randy? I just recently rejoined RSOTC. I thought he was more active in the room. It would be great to see what he’s thinking. It’s annoying that he only seems to look at QQQ. A few years ago, he would actually send out day-trade set-ups in numerous products. A shame that we all pay for his work, but then we end up just arguing with each other, instead. I think the only reason I post so much in this room is because I’m trying to fill all the empty space in here. I would have thought Randy would have at some point today highlighted that many of his trade ideas from recent videos were coming to fruition today.

OK

I understand what you said but isn’t attributing a cause to an effect which itself has not yet been realized a prediction? You’re predicting the cause of that which has not yet happened. I’m just wondering how good your predictive power has been this year. That’s all… lol.

I’m not making predictions. I was just saying that if QQQ makes new highs, it will do so because of lock-downs, not because of a vaccine. Whereas IWM would make new highs for the opposite reason: on more good vaccine news.

thanks I see the logic of that, lets see how it plays out in the next few weeks

How good has your predictive power been so far this year? I’ll make note of this and check back in a month.

QQQ is made up of overpriced big-tech growth stocks, as well as “stay-at-home” stocks. COVID lockdowns mean slower economic growth, which favors growth stock (sounds like a dichotomy, I know). Growth stocks are where investors go when real economic growth is lacking, as those companies tend to have growth whether or not the economy is actually growing. Also, most of the QQQ stocks can be at least somewhat classified as “stay-at-home” stocks.
IWM, on the other hand, is made up of smaller companies that need real economic growth. The vaccine means that there is the potential for a real economic recovery.

ok, but not sure I understand the reasoning

It’s everywhere, except for precious metals.

The QQQ will make new highs on more COVID lockdowns. The vaccine rollout favors IWM.

It’s barely up 0.92%. Coffee is more fun.

QQQ?