Well after today's gains (if it holds), my 401K should at least be even, or within 1% of it, YTD.
Stock Markets
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Last: 1 hr ago by McInnis 03
Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Holding through earnings?
Got it, thank you. That's what I thought, but wanted to be sure before I got crazy.
Assuming the value of the stock is under 7.50 at the strike date (June 19th in this case), it will be automatically assigned to you and your brokerage will calculate your holding cost at 5.20. If the stock is over the 7.50 at strike date, then the put expires worthless and you just keep the premium that was put in your account at the sell dateAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
You can also get called out earlier than the strike date, but it only seems to happen ~20% of the time to me
Good point...your brokerage would tie up $750 in cash to cover this, making sure that you have enough to buy the stock at valueMcInnis 03 said:Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
McInnis 03 said:Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
So why not buy the $2.50 call instead of the shares?
playing out so faroldarmy1 said:
Need to see above $297.50 on SPY. Get a breakout going above that and set your remaining TWTR $30 May 29 calls at $2.75.
Set a sell at $1.60 and hopefully get your account to $1700 from $1600 today. Set a stop at $0.50 so a $10 risk for $100 reward.TecRecAg said:
I did.
Held on to NNDM too long
aggiedaniel06 said:
Are you holding SPX puts or are you short ES?
SPX
Done and done. Thank you!
Every knee shall bow and every tongue shall confess
Well now that I've been thrusted in to options, something I know little about..
TWTR 529 30C seems like a no brainer, right? Stock currently at $31+
TWTR 529 30C seems like a no brainer, right? Stock currently at $31+
Closing this down for the week. Headed to the beach this weekend and am down to VTSAX, ZEST, RUBI and a dead put hedge for Friday. Feels nice to walk away for a few days.
RUBI is making me nervous. Big green day at it's basically flat
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Every knee shall bow and every tongue shall confess
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I grabbed a 6/19 35c for 40c they've been stalled in the 28-29 range for a while since their last run. I think they're gonna skyrocket tomorrow
Any thoughts on CHWY? All of my friends with pets seem to use it on a subscription basis for their pet supplies, and I think they probably picked up a lot of new customers through this.
I read through their FY19 earnings and seems like they are continuing to increase sales for growth.
I read through their FY19 earnings and seems like they are continuing to increase sales for growth.
Guessing that's why MOMO is in the ****ter today....
All the china stocks are dumping a bit except LK (because we already knew they might get delisted)
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
It's an accumulation play right now...doubt it will be a short term winner (at least in the next couple of weeks)Aggie_2463 said:
RUBI is making me nervous. Big green day at it's basically flat
On RUBI it's probably 6 in one half-dozen in the other. But as the writer of the contract I get money now instead of paying money, and I can roll the contract as the time approaches if I need to to manipulate my position and collect more premium to do it.cisgenderedAggie said:McInnis 03 said:Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
So why not buy the $2.50 call instead of the shares?
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Every knee shall bow and every tongue shall confess
Just to fully understand... If I did this and then decided I didn't like it, what are the options for getting out? Buy to close? What are the implications of that?gougler08 said:Good point...your brokerage would tie up $750 in cash to cover this, making sure that you have enough to buy the stock at valueMcInnis 03 said:Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
McInnis 03 said:On RUBI it's probably 6 in one half-dozen in the other. But as the writer of the contract I get money now instead of paying money, and I can roll the contract as the time approaches if I need to to manipulate my position and collect more premium to do it.cisgenderedAggie said:McInnis 03 said:Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
So why not buy the $2.50 call instead of the shares?
I should have clarified better. Why not buy the $2.5c to offset the $7.5p, instead of the shares?
Yes, buy to close. If the trade goes in your direction but you decide you don't want to get put, you could buy to close (ie: trading at 7.25, you could buy back hte contract for .40 or something like that.). Same in the other direction but then you lose money on the transaction most likely.AgEng06 said:Just to fully understand... If I did this and then decided I didn't like it, what are the options for getting out? Buy to close? What are the implications of that?gougler08 said:Good point...your brokerage would tie up $750 in cash to cover this, making sure that you have enough to buy the stock at valueMcInnis 03 said:Sell the $7.5pAgEng06 said:Just to be sure I'm following... If I sell the put @ $2.30, I will pocket $230. I get that the assigned price would be the difference between the $7.50 put and the $230 premium I collected, so $520 or $5.20/share.gougler08 said:People looking to enter can sell the Jun 19 7.50 Put for $2.30 right now...entry at 5.20 or pocket a lot of premium if it buildsoldarmy1 said:
RUBI with quick drop. Seen this rodeo before. These are bottom shaking moves prior to a move upward, I'm pretty confident.
Then... what happens exactly to assign me the shares?
Pocket $2.30 today
If stock closes below $7.50 on June 19 your account deducts $750 per contract and you get 100 shares per contract
You choose to do what you want with your shares. Your net cost is indeed $5.20 each; however, you have to be ready to give the $7.50 per share on that day. What you do with the $2.30 ea today is your business. Consider it a cash advance.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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