Every knee shall bow and every tongue shall confess

OverSeas AG said:

---

If we you have an ITM contract that you want to exercise before the expiration date, do you have to call your broker or can you do it online? I cannot figure out how to do it on Fidelity active trader pro. Thx!

---

Why are you wanting to exercise it early?

LOL on May 15 BJ. You guys really looking for that $28.25 launch pad today. I know if I see $28.25 and there's any left I'll buy them.

CHWY July 40C -- close to ITM calls being bought with time, CHWY forming hammer on daily

gougler08 said:

---

jbeck3487 said:

---

PTI with a nice run this morning with higher than average volume

---

Wouldn't mind it sitting just under $2 to close the week so I can just keep selling covered calls on my shares

---

Looks like it is going to push to that 4/29 high of 1.90 pretty quick.

Anyone have any thoughts on MARK? On another rocket ship today.

NET new high!

I was just eyeing that hammer.

reedsterg said:

---

Anyone have any thoughts on MARK? On another rocket ship today.

---

What do they do? Huge volume last 4 days

oldarmy1 said:

---

NET new high!

---

Options hit $2.50...need one more leg upward for $2.80

Nabors just broke through 15.7 resistance

Thermal cameras similar to FLIR, but MARK seems to be getting a lot more contracts. I own both, but am in at 0.49 on MARK. Not sure how long I should hold onto it.

Before I make yet another mistake on selling covered calls - can we talk strategy in relation to SDC as a learning opp?

Earnings coming up on 5/13. Stock up ~11.5% today. I own shares that are nearly double. Any reason NOT to use the increased IV and earnings mania to sell covered calls at maybe ~$1 out of the money (6/19 $10 is what I am looking at) ?

My hesitation is that I seem to always misinterpret the rapid rise and the stock keeps running well beyond where I would expect it to breath - resulting in missing major upside on the covered call potential and often getting called out. My goal with SDC is to NOT get called out but to pocket as much premium as possible (...obvs)

BJ $28.26 This could be it

New high 28.28

Exsurge Domine said:

---

Nabors just broke through 15.7 resistance

---

Bankruptcy is imminent

oldarmy1 said:

---

reedsterg said:

---

Anyone have any thoughts on MARK? On another rocket ship today.

---

What do they do? Huge volume last 4 days

---

Artf Intell. They must have some big new contract or press release coming.

SDC magnets to 9

Aggierific said:

---

Before I make yet another mistake on selling covered calls - can we talk strategy in relation to SDC as a learning opp?

Earnings coming up on 5/13. Stock up ~11.5% today. I own shares that are nearly double. Any reason NOT to use the increased IV and earnings mania to sell covered calls at maybe ~$1 out of the money (6/19 $10 is what I am looking at) ?

My hesitation is that I seem to always misinterpret the rapid rise and the stock keeps running well beyond where I would expect it to breath - resulting in missing major upside on the covered call potential and often getting called out. My goal with SDC is to NOT get called out but to pocket as much premium as possible (...obvs)

---

On a running stock into earnings you either take the closest cheaper expiration Put or sell some shares. Covered calls is generally used when you have resistance spotted (breather already actuated).

oldarmy1 said:

---

LOL on May 15 BJ. You guys really looking for that $28.25 launch pad today. I know if I see $28.25 and there's any left I'll buy them.

---

Well here we go I guess.

Aggierific said:

---

Before I make yet another mistake on selling covered calls - can we talk strategy in relation to SDC as a learning opp?

Earnings coming up on 5/13. Stock up ~11.5% today. I own shares that are nearly double. Any reason NOT to use the increased IV and earnings mania to sell covered calls at maybe ~$1 out of the money (6/19 $10 is what I am looking at) ?

My hesitation is that I seem to always misinterpret the rapid rise and the stock keeps running well beyond where I would expect it to breath - resulting in missing major upside on the covered call potential and often getting called out. My goal with SDC is to NOT get called out but to pocket as much premium as possible (...obvs)

---

how many shares do you own?
What would you do with the cash generated?

Every knee shall bow and every tongue shall confess

There are 400 contracts bid at $2.60 on NET.

Now 38 at $2.65

$2.75 ask...just another little move

2k shares. Part of cash generated purchases a Wahoo Kickr bike as a much needed splurge and the rest goes into next play. Likely sitting out for the rest of the week.

Now $28.43

topher06 said:

---

Now $28.43

---

Yep... and now the 5/15 went up and only partially filled my last add-on.

It is trading at a post covid high and has a gap up to 2.50 before it hits the last sell