Thoughts on getting into BXMT (Blackstone Mortgage Trust) now. Up 30% on the day still way down on the year. Thanks in advance.

On TD Think or Swim, how do I close out of a "call" position? Where I am completely cashed out and have no further action?

Execute a sell order for the identical position

How is Charles Schwab as a platform for trading?

aeroag14 said:

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Do we think that we will continue to see this boost if the house passes the stimulus bill tomorrow?

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Sell the news

jamaggie06 said:

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Execute a sell order for the identical position

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Is that where I click the arrow to expand down showing the call position, check the box and select close position?

It tells me cost of trade ($###)

And submit?

NRD09 said:

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Trolley Problems said:

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Ok, need some input -

I'm sitting on a 248 x 258 SPY strangle, expiring tomorrow. The 258C are in the money, but the 248P are out of the money further than the calls are in the money. Options as I see them:

1. Close out the call for a slight profit, let the put ride to see if we swing the other way the second half of the day today / tomorrow morning.

2. Let them both ride, hoping for more run up today / tomorrow morning to put the call further in the money before closing out the whole position.

3. Close them both out now for a ~20% loss on the thought that time decay is going to kill me with expiry tomorrow and I'd be cutting losses.

What're everybody's thoughts? I'm kinda leaning towards #1, but I figured I'd ask since I'm still learning.

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did you get the answer to this? I thought the strategy here was to sell the call when the market trended up or started to approach resistance, then sell the put when it swung back down to model T? Unfortunately I can't ever afford a call and a put, so I have to pick the losing side and watch it expire worthless!

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I didn't see one, but I could've missed it (lolpoor with no stars, so I don't get notified if someone answers my post).

I went with Option #1 the last time SPY bounced of 259. Made a little profit on the call, and will hold the put through the close as a long shot for tomorrow.

What bit me is that I put in the strangle right before the selloff at the end of the day yesterday instead of waiting right before the close, then held overnight betting on a continuation downward. Played perfectly, I could've closed the put before the bell yesterday for a 30% profit, then closed the call today for 25% profit. Instead, I will likely lose money on the trade overall. I'm still clearly learning. Also maybe should've looked at an expiry further out in the future to give myself some more time. Who knows.

You can do it that way, but I normaly just go into the regular orders tab/page and go through the process of selecting the exact position and then selling.

I'm not sure, and it may depend on the platform you are running, but this way, I can see the actual bid-ask and set my price accordingly.

And even if you select the wrong option "sell to open" vs "sell to close" it won't matter. TD will recognize you have the position and post a "sell to close" order. At least, it does for me.

You also want to make sure that it says "credit" not "debit" the amount. I dont think the system would let you make such an obvious order mistake, but I have never tested it out.

What's up with ROKU?

BB675 said:

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What's up with ROKU?

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Wondering the same. I added more today at $94 to average out to 81... thinking about getting more but not sure what's going on today...

Has anyone seen the new stuff coming out from microsoft with power app and power BI. It is a game changer for so many companies. All these SaaS companies will be feeling the pressure as most companies can now do it themselves with the new MSFT apps. It will be huge for our company. I am not sure of the financial impact for them, but i think it could be YUGE. just a FYI. Mass launch coming Apr 1.

Don't fight the f'n Fed. There goes that 259 wall.

CX volume flash on $2

BB675 said:

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What's up with ROKU?

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Looks like they took out more debt two days ago.

Or maybe they're just frontrunners of broader market... they started their plunge on 2/14, about a week earlier than market, and their level two days ago was very nearly a Model T off their price before the plunge.

Sasol too cheap to ignore at their pricepoint?

jj9000 said:

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About 5 minutes until the bottom falls out of this thing.

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Just like it did on tuesday?

jj9000 said:

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About 5 minutes until the bottom falls out of this thing.

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Not if I buy puts!

khaos288 said:

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jj9000 said:

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About 5 minutes until the bottom falls out of this thing.

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Not if I buy puts!

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What just happened??

holy hell what just ahppened. Rocketship

Boom! Rebalancing? AAPL AMZN rocket

La Bamba said:

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Don't fight the f'n Fed. There goes that 259 wall.

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YUGE volume to break it

BOOOM! I bought like 2 mins before it sky rocketed!!

McInnis 03 said:

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That was just OA getting back into the stocks. All the stocks.

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i hate this game

Alright, first time post in here, but Joining the gang in purchasing some stocks.

LADR and Cemex. Not much, but you gotta start somewhere. Love reading this and have wanted to do this for some time. Figured might as well pull the trigger

ETA: still no idea what I'm doing

Every knee shall bow and every tongue shall confess