0708aggie said:

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are you buying puts or selling calls on DKS?

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Neither. Closed out Puts and not touching it going forward.

BMY and all pharma's had similar trajectory rebounding on Trump's comments. Can it create/sustain a move? Usually after the reaction move a retreat comes in and THEN you get to see any meaningful momentum. That's why I sold on that retest. Those are rare gifts.

AND.....a minute after posting that reaction fallback we get a 30 cent volume crush downward. Now we get to see if volume buys meet the selling and that gives us a great indicator on strength. These are times where big money has to let their guard down.

If anyone thinks the Pharma news is going to be a big winner for the sector buy PILL ETF

really nice clean trend since Tuesday was broken today.

oldarmy1 said:

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GILD! Woah.....talk about rebounding! Get in

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$2.00 move in 15 minutes

Ragoo said:

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Ragoo said:

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Sold roku puts strike 32 on 6/1 for $1.10
Sold twtr puts strike 31 on 6/1 for $0.68

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the roku puts actually filled at 1.24 credit

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PnL is up $420 on the ROKU puts, almost a 50% winner

Can anyone explain how a mutual fund (FSELX) could drop 90% in a day? Has to just be some kind of reporting error right?

Or they gave a distribution.

They did a 10:1 split today.

https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/316390863

Ragoo said:

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Or they gave a distribution.

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Ah good call, guess the shares just haven't shown up in my account. I about had a heart attack when I saw what my daily value was

On Monday you will have 10x the number of shares.

gougler08 said:

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Can anyone explain how a mutual fund (FSELX) could drop 90% in a day? Has to just be some kind of reporting error right?

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Until I realized the split I about threw up.

With splits, if FSELX previously had a $2.5k buy-in, will that still be in place for people getting in now?

Had the same experience a couple hours ago with FOCPX.

Futures up +110

7 straight up days? Not today.

FriscoKid said:

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7 straight up days? Not today.

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The short sellers are getting the squeeze.


For those in the most recent posted call option of GILD I am selling those as it pushes towards $68 - hopefull today so the premium pop catches on.

274.0 then we sell off

What happened to Wildhorse (WRD) this morning? Down 10% so far

Huge spike in volume. I think NGP, the private equity company who pushed them out of BK and helped restructure is taking profits.

I am holding steady right now but watching to see if it goes back up to $26

Josepi said:

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What happened to Wildhorse (WRD) this morning? Down 10% so far

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Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

My call on SN going back to $4 was right, timing was just a bit off. That's the tough thing with options...

snowmnag970 said:

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Josepi said:

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What happened to Wildhorse (WRD) this morning? Down 10% so far

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Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

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Might be smart to sell some calls at $4. I do think it'll top out at $6 at some point, but who knows if that's where this uptick is going this time or not.

Joseph Parrish said:

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snowmnag970 said:

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Josepi said:

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What happened to Wildhorse (WRD) this morning? Down 10% so far

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Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

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Might be smart to sell some calls at $4. I do think it'll top out at $6 at some point, but who knows if that's where this uptick is going this time or not.

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Agee with this strategy on up to 50% of the holdings. Joseph is in the industry and has been successful on SN.

oldarmy1 said:

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Joseph Parrish said:

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snowmnag970 said:

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Josepi said:

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What happened to Wildhorse (WRD) this morning? Down 10% so far

---

Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

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Might be smart to sell some calls at $4. I do think it'll top out at $6 at some point, but who knows if that's where this uptick is going this time or not.

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Agee with this strategy on up to 50% of the holdings. Joseph is in the industry and has been successful on SN.

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I would do this, but I only own 200 shares, so a $35 premium doesn't seem that worth it to me to pay the commission of the overall trade.

A theoretical question...Lets say I do sell to open 5 $4 call options expiring in July (assuming I own 500 underlying shares) for $0.45/share.

What happens if the price of SN jumps to $6....? Would I A.) only collect the premium I receive the day I sold the options? or B.) if I wanted to keep my 500 shares, I would have to buy to close the options I wrote for whatever the price is on that day (lets just say it would be $1.00) or I could just let the contract exercise and give him the 500 shares? How would one make a profit for doing this?

Edit: I should add, my only real strategy for playing options are buying to open and selling to close.

snowmnag970 said:

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oldarmy1 said:

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Joseph Parrish said:

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snowmnag970 said:

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Josepi said:

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What happened to Wildhorse (WRD) this morning? Down 10% so far

---

Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

---

Might be smart to sell some calls at $4. I do think it'll top out at $6 at some point, but who knows if that's where this uptick is going this time or not.

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Agee with this strategy on up to 50% of the holdings. Joseph is in the industry and has been successful on SN.

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I would do this, but I only own 200 shares, so a $35 premium doesn't seem that worth it to me to pay the commission of the overall trade.

A theoretical question...Lets say I do sell to open 5 $4 call options expiring in July (assuming I own 500 underlying shares) for $0.45/share.

What happens if the price of SN jumps to $6....? Would I A.) only collect the premium I receive the day I sold the options? or B.) if I wanted to keep my 500 shares, I would have to buy to close the options I wrote for whatever the price is on that day (lets just say it would be $1.00) or I could just let the contract exercise and give him the 500 shares? How would one make a profit for doing this?

Edit: I should add, my only real strategy for playing options are buying to open and selling to close.

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You would be banking $4.45. No way you ever buy the options back if share price escalates. The option strategy is for those with large holdings. If someone has 10k shares bought under $3 then $4.45 on up to 5k of them goes a long way towards covering the remaining 5k shares. If the stock pauses and ranges then they reduce that holding price by 45 cents per share. If it moves higher the other 50% is giving a mass payoff with the other half giving you $4.45.

p.s. these are intended to be short term strategies. Having bought into the shares at lows there is no issue whatsoever in simply holding from this point.

oldarmy1 said:

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snowmnag970 said:

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oldarmy1 said:

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Joseph Parrish said:

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snowmnag970 said:

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Josepi said:

---

What happened to Wildhorse (WRD) this morning? Down 10% so far

---

Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

---

Might be smart to sell some calls at $4. I do think it'll top out at $6 at some point, but who knows if that's where this uptick is going this time or not.

---

Agee with this strategy on up to 50% of the holdings. Joseph is in the industry and has been successful on SN.

---

I would do this, but I only own 200 shares, so a $35 premium doesn't seem that worth it to me to pay the commission of the overall trade.

A theoretical question...Lets say I do sell to open 5 $4 call options expiring in July (assuming I own 500 underlying shares) for $0.45/share.

What happens if the price of SN jumps to $6....? Would I A.) only collect the premium I receive the day I sold the options? or B.) if I wanted to keep my 500 shares, I would have to buy to close the options I wrote for whatever the price is on that day (lets just say it would be $1.00) or I could just let the contract exercise and give him the 500 shares? How would one make a profit for doing this?

Edit: I should add, my only real strategy for playing options are buying to open and selling to close.

---

You would be banking $4.45. No way you ever buy the options back if share price escalates. The option strategy is for those with large holdings. If someone has 10k shares bought under $3 then $4.45 on up to 5k of them goes a long way towards covering the remaining 5k shares. If the stock pauses and ranges then they reduce that holding price by 45 cents per share. If it moves higher the other 50% is giving a mass payoff with the other half giving you $4.45.

p.s. these are intended to be short term strategies. Having bought into the shares at lows there is no issue whatsoever in simply holding from this point.

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I think it would be fun to learn the experience of doing this if I had a larger position, so far now I think I will just hold the underlying for the time being and just keep accumulating shares.

snowmnag970 said:

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oldarmy1 said:

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snowmnag970 said:

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oldarmy1 said:

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Joseph Parrish said:

---

snowmnag970 said:

---

Josepi said:

---

What happened to Wildhorse (WRD) this morning? Down 10% so far

---

Also playing off this....

SN has a lot of people saying they are bearish and shorting this till it goes back down to $3. Not sure, what do you think Oldarmy?

---

Might be smart to sell some calls at $4. I do think it'll top out at $6 at some point, but who knows if that's where this uptick is going this time or not.

---

Agee with this strategy on up to 50% of the holdings. Joseph is in the industry and has been successful on SN.

---

I would do this, but I only own 200 shares, so a $35 premium doesn't seem that worth it to me to pay the commission of the overall trade.

A theoretical question...Lets say I do sell to open 5 $4 call options expiring in July (assuming I own 500 underlying shares) for $0.45/share.

What happens if the price of SN jumps to $6....? Would I A.) only collect the premium I receive the day I sold the options? or B.) if I wanted to keep my 500 shares, I would have to buy to close the options I wrote for whatever the price is on that day (lets just say it would be $1.00) or I could just let the contract exercise and give him the 500 shares? How would one make a profit for doing this?

Edit: I should add, my only real strategy for playing options are buying to open and selling to close.

---

You would be banking $4.45. No way you ever buy the options back if share price escalates. The option strategy is for those with large holdings. If someone has 10k shares bought under $3 then $4.45 on up to 5k of them goes a long way towards covering the remaining 5k shares. If the stock pauses and ranges then they reduce that holding price by 45 cents per share. If it moves higher the other 50% is giving a mass payoff with the other half giving you $4.45.

p.s. these are intended to be short term strategies. Having bought into the shares at lows there is no issue whatsoever in simply holding from this point.

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I think it would be fun to learn the experience of doing this if I had a larger position, so far now I think I will just hold the underlying for the time being and just keep accumulating shares.

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sell a July 20 strangle. Put strike at $3, call strike at $5. Collect $0.30 premium. If the price drops below $3 you accumulate at a price you like. If the price jumps you sell at a much higher price than you bought.

Ragoo said:

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Ragoo said:

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Ragoo said:

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Sold roku puts strike 32 on 6/1 for $1.10
Sold twtr puts strike 31 on 6/1 for $0.68

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the roku puts actually filled at 1.24 credit

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PnL is up $420 on the ROKU puts, almost a 50% winner

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closed the TWTR trade at 50% profit

FriscoKid said:

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274.0 then we sell off

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Damn. Right on the money

pacecar02 said:

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ANDX pays a fat dividend that has increased every quarter.

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What are the thoughts on this company? The dividends are ridiculous!!!

tramaro1 said:

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pacecar02 said:

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ANDX pays a fat dividend that has increased every quarter.

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What are the thoughts on this company? The dividends are ridiculous!!!

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it is an MLP and as such has to pay a dividend. They cannot show a profit, irc.

Josepi said:

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What happened to Wildhorse (WRD) this morning? Down 10% so far

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FYI...

"HOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation(WRD) received notice today that Natural Gas Partners, IX L.P. ("NGP IX"), which is one of three investment funds managed by NGP Energy Capital Management, LLC ("NGP") that are the largest stockholders of WRD, has recently distributed approximately 12.0 million shares to its limited partners in NGP IX.
Following the distribution, investment funds managed by NGP continue as WRD's largest stockholder, and own approximately 59.5 million shares, or 58.8% of outstanding WRD common shares. Pursuant to NGP's notice, NGP Natural Resources X, L.P. and NGP Natural Resources XI, L.P., which are the two remaining investment funds managed by NGP that own WRD shares, have no current intention of selling or distributing their respective shares of WRD.
"NGP IX's distribution of shares increases WRD's trading liquidity without a secondary offering. We are pleased to have the long-term support of NGP, a leading and long-standing energy investor, as WRD continues to represent their largest portfolio company investment," said Jay Graham, Chairman and Chief Executive Officer of WRD.

They sold 1/6 of the shares they owned.

Ragoo said:

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tramaro1 said:

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pacecar02 said:

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ANDX pays a fat dividend that has increased every quarter.

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What are the thoughts on this company? The dividends are ridiculous!!!

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it is an MLP and as such has to pay a dividend. They cannot show a profit, irc.

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They just got purchased too right?

Good call Frisco! Question, instead of buying SPY puts to trade this, couldn't you just buy SPXU?

I feel less confident about this one, but I have a target of 271.7 and it will happen pretty quick if we break lower right now.