yikes. 8/21 150C are over $5oldarmy1 said:Yes...believe this was posted on hereCrazyRichAggie said:oldarmy1 said:I have 25% left of those but went $11 out to augustzwhag2010 said:
You are not in July 17 anymore?
Did you do the same with FTNT July $150?
Wondered the same. I use it for the YouTube app to do exercise videos in the living room with the kids when the weather is bad. My kids use it to do silly dance videos among many other things. It can become the iOS for TVs. Amazing that Apple isn't the leader in this space.Fightin2010 said:
Is it crazy to think Roku can become more valuable than Netflix? This Peleton news has me thinking what if customers are interacting with Roku in the near future for far more than just TV/Entertainment?
Just trying to loosen the mood around here a bit!Tex Shirley said:
Hahaha! Thanks for that
@realwillmeade LOL the con of all fintwit con artists59 South said:Tex Shirley said:
What are yall's twitter handles?
permabeardoomster6969
Been holding BAC for like a decade. My cost basis is around $7. I still hold it because it's just kinda there and my sister works there and so if I sell it she'd probably yell at me.tsuag10 said:
Can someone tell me their thoughts on BAC?
$23.50 now
They are down 20% over the last 12 mos, down ~33% from their pre-COVID high, and basically flat over the past month.
I grabbed some 8/21$30C @ $0.12, but I'm interested to see what others thoughts are before grabbing more.
TIA
Where the hell did Will go?BREwmaster said:@realwillmeade LOL the con of all fintwit con artists59 South said:Tex Shirley said:
What are yall's twitter handles?
permabeardoomster6969
This is correct, but TTOO has dropped like a rock before and has now given up nearly all of its press release pop. Going below $1 is not out of the question if they don't execute on producing the tests and getting the machine readers distributed.PPAag06 said:
Just catching up on the TTOO conversations and evaluating a position. What is the downside to this scenario:
1000 shares currently at 1.80
Sell 10 Nov 20 Calls at 0.80
Wouldn't I be in the stock at 1.00 if I held until expiration and below 2.5? Upward worst case scenario is I get called out at 2.50? Downwards the stock would have to go down about 40% for breakeven at expiration. Right?
Market don't give two ****s apparentlyPrognightmare said:
WHO says some nations may have to reinstate lockdowns as coronavirus accelerates
The WHO can kiss my ass.
Yup...just numberswanderer said:yikes. 8/21 150C are over $5oldarmy1 said:Yes...believe this was posted on hereCrazyRichAggie said:oldarmy1 said:I have 25% left of those but went $11 out to augustzwhag2010 said:
You are not in July 17 anymore?
Did you do the same with FTNT July $150?
you rolled into these?
Yep, have been for weeks...burned me on the big run up to SPY 320 but outside of that, has been a solid strategy to add cashkhaos288 said:
Anyone selling weekly covered calls for 3-5 points above current value, and then just pocketing the cash and if you get called out, you pocket that too?
Thinking of doing this with Uber, XOM, AMD. Do that every week and you're pocketing 10k a year in premium. If you ever get called out, you pick up a few weeks worth premium in cash, and find another stock to buy or buy on pull back.
Read up on the wheel, I think there are several here doing that. I am cycling covered calls on ERI, although I'm going to get called out on 1/3 of my shares if it stays at this level (the other 2/3 were sold at a higher strike that probably won't get called out). I'll invest outside the casino space when these things get called away.khaos288 said:
Anyone selling weekly covered calls for 3-5 points above current value, and then just pocketing the cash and if you get called out, you pocket that too?
Thinking of doing this with Uber, XOM, AMD. Do that every week and you're pocketing 10k a year in premium. If you ever get called out, you pick up a few weeks worth premium in cash, and find another stock to buy or buy on pull back.
Yep, that's my main play except i start by selling puts to get assigned. Only downside (and I'm still bag-holding a few) is the stock dropping significantly below your cost basis so that selling calls only gets you couple of bucks.khaos288 said:
Anyone selling weekly covered calls for 3-5 points above current value, and then just pocketing the cash and if you get called out, you pocket that too?
Thinking of doing this with Uber, XOM, AMD. Do that every week and you're pocketing 10k a year in premium. If you ever get called out, you pick up a few weeks worth premium in cash, and find another stock to buy or buy on pull back.
Has definitely been a disappointing day, after starting with so much promise. Likely a ton of profit taking, and I think they had a big institutional investor who may (or may not, I have no idea on this) be unloading a portion of its investment.Challenger 17 said:
TTOO seems to be in freefall.
All the time. Except I get antsy if I'm about to get called out so I usually roll them out further and/or push the strike up.khaos288 said:
Anyone selling weekly covered calls for 3-5 points above current value, and then just pocketing the cash and if you get called out, you pocket that too?
Thinking of doing this with Uber, XOM, AMD. Do that every week and you're pocketing 10k a year in premium. If you ever get called out, you pick up a few weeks worth premium in cash, and find another stock to buy or buy on pull back.
Oh that's a good strategy. So if I were to follow that strategy.Charlie Kelley said:Yep, that's my main play except i start by selling puts to get assigned. Only downside (and I'm still bag-holding a few) is the stock dropping significantly below your cost basis so that selling calls only gets you couple of bucks.khaos288 said:
Anyone selling weekly covered calls for 3-5 points above current value, and then just pocketing the cash and if you get called out, you pocket that too?
Thinking of doing this with Uber, XOM, AMD. Do that every week and you're pocketing 10k a year in premium. If you ever get called out, you pick up a few weeks worth premium in cash, and find another stock to buy or buy on pull back.
WHO, what we gonna do?Prognightmare said:
WHO says some nations may have to reinstate lockdowns as coronavirus accelerates
The WHO can kiss my ass.
yes...but ragoo suggested one additional step...when you're selling puts consider buying protective puts in case the stock tanks before expiration. That limits your loss and prevents you from holding bags with a terrible cost basis. Think it's called a bull put credit spreadkhaos288 said:Oh that's a good strategy. So if I were to follow that strategy.Charlie Kelley said:Yep, that's my main play except i start by selling puts to get assigned. Only downside (and I'm still bag-holding a few) is the stock dropping significantly below your cost basis so that selling calls only gets you couple of bucks.khaos288 said:
Anyone selling weekly covered calls for 3-5 points above current value, and then just pocketing the cash and if you get called out, you pocket that too?
Thinking of doing this with Uber, XOM, AMD. Do that every week and you're pocketing 10k a year in premium. If you ever get called out, you pick up a few weeks worth premium in cash, and find another stock to buy or buy on pull back.
I could sell puts for an acceptable cost basis. Pocket that cash.
Weekly sell calls for a few points gain. Pocket that cash.
If I get called out? Means I made a few point gain over my cost basis. Pocket that cash.
Worst case, stock drops, weekly calls from there on out wouldn't be worth much to cover cost basis.
Only caution on covered calls/selling puts is it can limit upside. For instance, you sell a put to enter a stock at $10 while the stock sits at $11...but then it runs to $15 in the next week, if you would have just bought you'd be getting $4/share vs. the much smaller premium you sold the put forkhaos288 said:
On it! Thanks
