W trade ideas
Wayfair Iron CondorI put on a great iron condor position on Wayfair
W - Expiry October 18 , 140C/145C/105P/100P
Such a nice spread, Love it.
Price of spread was $145 spread is 5 points
I bought 2 of them. Max gain $190 max gain max loss is $380
Market is move bullish than bearish right now may persist till end of month.
Good looking chart on WI like this weekly chart on W. Currently its consolidating on the 100 weekly SMA , which has acted as strong support in the past. I will be watching.
$W after a 12 buck drop on this maybe look for a bounce tradeSmoked out yesterday and one of its largest single day reversal Watching for a capitulation point to long
Wayfair Ponzi Scheme UpdateStill expect this to close the gap. Opened a short position yesterday when I went long on TSLA, dumped TSLA this morning but kept the W puts. Bare minimum I think this retests the $135 support next week based on chart patterns.
Any idiot can re-sell products at a loss, just go ask Byrne over at OSTK. (That guy is hilarious, keeps buying cryptos at the peak, the guy has probably lost more money on $hitcoin than we'll see in a lifetime.)
W: Trying to paint bullish scenarioThis name is powerful. Here are few catalysts that can help this go nATH:
1. Spring is here...existing home sales will pickup steam.
2. New culture in home selling is "furnished home".
3. Earning is near.
4. Black Friday type event begins next week (will run for 1.5 days)
You do the math.
scalp this scam to 158Major TL and previous high converge as support paired w/ bullish cypher PRZ. Way overvalued stock, but I think it'll bounce to the .382 retrace at 158 if it doesn't plunge here. Hourly RSI turning up...
Wayfair Short SetupWayfair met resistance.
Buyers should wait for support level and use stop loss wisely.
$W
W Ponzi Scheme UpdateLooks like a bull flag on this Ponzi scheme, maybe Fidelity is going to buy all of the shares, lol. Obvious short squeeze.
Not really sure what to do with the gap as far as setting bull flag targets, but I wouldn't be surprised if this thing hit $200.
SHORTTTTT W - heavy insider sell, overvalued and OverboughtJust short and wait for a month. Will hit 130s sure.
Wayfair - ShortValuation is completely out of control at this price point. Institutions have been buying hand over fist and should take profits now.
Wayfair - Here we go againThis pump and dump is back in full force, company burns money and its business model is a losing one. Only a matter of time.
loses less, sells more than expectedcompany reported an increase in sales as well as a surge in active customers, though revealed a wider adjusted loss.
Wayfair generated gross profit of $585 million, or 24% of sales, and recorded an adjusted EBITDA loss of $54 million, narrower than the $76 million expected by analysts.
www.thestreet.com
www.marketwatch.com
www.bloomberg.com
W - 15m chart. Time to sell? Touch down to $148 possible?Extremely overbought - RSI bearishly diverging.
MACD histogram is declining, buyers close to crossing under sellers.
Bearishly engulfing candlesticks.
Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators. Because of how bearish the indicators are, I am okay with a very tight stop loss, but we will see if that was a good idea soon enough.
What do you think?
Wayfair Ponzi Scheme Quarterly Loss Report due Friday MorningWayfair will be reporting its quarterly loss this Friday morning. If I was inclined to short anything in this market, it would be W.
That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol?
The only reason why this keeps going up is because it's 120% owned by institutions. That's right, all of the shares being traded daily are borrowed shares, and Fidelity seems inclined to buy more. Complete Ponzi scheme.
W Ponzi Scheme UpdateLike a lot of other stocks, it's settled in at the same price as right after the previous earnings, bouncing back from the liquidity issue after the last rate hike.
It's probably just waffle around here until the next earnings report where they lose hundreds of millions selling stuff at negative margins.
