No options this week...I'm not very good at them. Just long ASTS, AMZN, NVDA, MU, AVGO, GE, MAIN (thats a Div stock though), CRM, SPY, QQQ, MTUM, SSO,
Also hold the Div ETFs ISPY, BKLN and JEPI. Those did not contribute much to todays gains, however...
I have some small put positions on NOW and CRM. After a great earnings I suspect there to be profit taking for ServiceNow, and SalesForce has been steady for a month after big drop, so I’m thinking I can capitalize on that.
I think this is a healthy pull back, I am still in a lot of tech like META CRM AMZN, is anyone looking at more cyclical value play? I also recently bought MCD given the continuation of 5 dollar meal and inflation.
**Ban Bet Created:** **/u/cjspoe** bet **CRM** goes from **255.06** to **250.0** before **25-Jul-2024 04:45 PM EDT**
Their record is 8 wins and 5 losses.
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1) The troubles are worse than a cyberattack, it was from juvenile negligence and releasing patches on a Friday. Your wording is truly regarded "because it doesn't call into question CrowdStrike's ability to do its job" yes it does.
2) Calls short-term will be pointless, long term calls are certainly worth it even for $360 in 1-2 years because they are kinda a giant in the space who protect some really large corporations but in the meantime this is a wake up call like those who were buying SalesForce CRM and only recently had a wake up that they don't really need it, CRWD is the same way they probably have a dip in revenue because some companies realize the only cyber attack they had was from their security provider. I just don't think it's smart to buy any kind of options with this insane IV, the $400 Jan 26 calls are $3800+ per contract
Jamie diamond once took an 8 billion dollar fine
He literally told congress
I’m a big boy, my board has my back, I can take an 8 billion dollar loss
Now I know crwd isn’t J.P. Morgan
But the lesson remains
Wallstreet cares about growth and this showed me more then anything how much crwd has grown
I had no idea they had there fingers In this many companies
And for companies like crwd and CRM, once they get into a company it takes a HUGE executive effort and months to change systems already in place
So I’m just saying beware the dead cat bounce
Crwd is far from dead
For the record I own no position in crwd
I did go 100% all into CRM Friday though
So I have 1700 shares and I’m looking to see it at 280 before earnings in a month
If you guys rape crwd I’ll buy it once in liquid
For the recovery
