First blackbox trade went well. SQ 7/10 130.00. In at 1.47, stopped at 2.08. Not bad for 10 minutes.
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Last: 21 min ago by Heineken-Ashi
315 held first time for SPY
FOMO is REAL
I have been waiting for a pullback so I can get into some of the ARK funds, but tesla isn't letting that happen
Let it ride
I got a 7/17 - 258/253 put debit spread for QQQ yesterday at the close. First time ever trying a spread.
It's not going great right now, but I have to believe it's going to pull back a little bit at some point.... right?
Any advice is appreciated.
It's not going great right now, but I have to believe it's going to pull back a little bit at some point.... right?
Any advice is appreciated.
NVAX now up over 2,000% since January of this year...
Had to close out my SQ poor man situation. the 90C for January was up a TON and the Aug 130C I sold was already bad bad red, the time tradeoff wasn't worth it. Closed the diagonal for strong profit.
Now lookign for my next poor man strategy. FSLY is intriguing.
Now lookign for my next poor man strategy. FSLY is intriguing.
I closed out lvgo calls yesterday. Fml
OSTK - any of you follow me in calls? my buddy bought some last week at 2.25, they're 12 today!
I bought some 39c yesterday at 2.20, sold today at 3.80.
It is due for a pullback soon, it's a bit hot, but on a pullback I'll add more calls on it.
I have my eyes on BABA as well, near ATH, could really rip when it gets there.
I bought some 39c yesterday at 2.20, sold today at 3.80.
It is due for a pullback soon, it's a bit hot, but on a pullback I'll add more calls on it.
I have my eyes on BABA as well, near ATH, could really rip when it gets there.
I kinda want to do ROKU so I can take y'alls money.McInnis 03 said:
Had to close out my SQ poor man situation. the 90C for January was up a TON and the Aug 130C I sold was already bad bad red, the time tradeoff wasn't worth it. Closed the diagonal for strong profit.
Now lookign for my next poor man strategy. FSLY is intriguing.
Didn't even think about OSTK, this may be it.BREwmaster said:
OSTK - any of you follow me in calls? my buddy bought some last week at 2.25, they're 12 today!
I bought some 39c yesterday at 2.20, sold today at 3.80.
It is due for a pullback soon, it's a bit hot, but on a pullback I'll add more calls on it.
I have my eyes on BABA as well, near ATH, could really rip when it gets there.
Bought the January 2022 - 20C for $28
Sold the Jul 10 45C for 45C for $1.24
Lather rinse repeat.
There goes ROKU
If it can get past 135.97, she's gonna go ape *****Prognightmare said:
There goes ROKU
Big volumePrognightmare said:
There goes ROKU
Someone has to post it since Irish is gone...
Nasdaq 10,500 on deck
O/U on how long it takes to go from 136 to 140? 150? 175?
I'm going with 1.5 hrs, 1.5 days, 2.5 weeks.
I'm going with 1.5 hrs, 1.5 days, 2.5 weeks.
SQ is an absolute missile
TOPS bottom fell out
When you get a minute, can you walk us (me) through this strategy?
since we all love trends and channels here and are all (mostly) perma bulls, I just went and drew a peak trendline on SQ that shows it has room to run to 450.
come on ROKU
SPY 317.5 might set off some macro fireworks. more likely it will be the day's high, but interesting pivot.
TWTR going too
Seems like a matter of when not if now. Maybe some big money needing to get right with it before releasing the rocket as OA likes to say....TheBiggerEvent said:
come on ROKU
If anyone wants to gamble buy the NFLX 500c and sell the 515c
Cost you about $4.5
Cost you about $4.5
FTNT with a nice move up. Double downed on my calls close to the low.
Potential pivot at 140.44 for a larger move upward.
Potential pivot at 140.44 for a larger move upward.
I got in Roku at around $83 and am tempted to pull out some profits. Any thoughts on whether to let it ride or harvest some of it?
PMCC (Poor Man's Covered Call)wanderer said:
When you get a minute, can you walk us (me) through this strategy?
Strategy: Purchase a LEAP (far out call that is in the money (ITM), preferably at about 80 Delta), sell short term calls against it, first one focus on 30 delta.
Continue running the strategy by either
A) letting the short call expire and keeping all premium
B) buy back the short call when it's near max profit and reissue another call
C) Closing the diagonal because your timing/profit gains don't jive with your plans
D) Let the short call get exercised which then forces you to exercise your LEAP to close the transaction
Example:
Purchase ROKU Jan21 100C for $45.05
Sell ROKU JUL17 145C for $3.05
Monitor your short call. If ROKU blasts off, you can roll the call out for more profit or equal premium but higher strike. (Ie: Roku jets up to $147, you buy back your 145C for july 17 and reissue for maybe July 31 on the 150C, or whatever date makes your numbers work for you). If ROKU finishes on July 17 under 145C your short call is worthless and you can then buy it back for nearly nothing and reissue a later date call, or let it expire and do the same thing that following Monday, reissue a call.
You continue to do this in hopes that the stock continues to move up, in your favor so your leap gains value, and eventually you either get called out, close the diagonal, or whatever your strategy is.
Some people will buy multiple leaps, sell CC's against them, and if the underlying moves in their direction, eventually the premium obtained in accompaniment with selling the excess leaps and that profit can pay for net free holdings of leaps.
The strategy is pretty well documented. The only way it doesn't work is when the stock moves against you.
IE: I have MGM 16C's for january. They've cut themselves in half since I purchased them. Now I can continue to sell call's against them, but it's gonna be awhile before they pay themselves off due to the cut.
I'm currently running this strategy on GM, MGM, OSTK, DFS, and SIG.
I was just thinking that its trying to shrug off that down grade someone mentioned this morning and hopefully keep going in the right directionjbeck3487 said:
FTNT with a nice move up. Double downed on my calls close to the low.
Anyone in LVGO ??
this aged nicely! my only regret is not holding at least 1 of the 39C!McInnis 03 said:Didn't even think about OSTK, this may be it.BREwmaster said:
OSTK - any of you follow me in calls? my buddy bought some last week at 2.25, they're 12 today!
I bought some 39c yesterday at 2.20, sold today at 3.80.
It is due for a pullback soon, it's a bit hot, but on a pullback I'll add more calls on it.
I have my eyes on BABA as well, near ATH, could really rip when it gets there.
Bought the January 2022 - 20C for $28
Sold the Jul 10 45C for 45C for $1.24
Lather rinse repeat.
Can you write covered calls on it? The premiums for ROKU are fat.Carol Baskin said:
I got in Roku at around $83 and am tempted to pull out some profits. Any thoughts on whether to let it ride or harvest some of it?
Sold the 45C this week fully exepcting to have to roll it to next week.BREwmaster said:this aged nicely! my only regret is not holding at least 1 of the 39C!McInnis 03 said:Didn't even think about OSTK, this may be it.BREwmaster said:
OSTK - any of you follow me in calls? my buddy bought some last week at 2.25, they're 12 today!
I bought some 39c yesterday at 2.20, sold today at 3.80.
It is due for a pullback soon, it's a bit hot, but on a pullback I'll add more calls on it.
I have my eyes on BABA as well, near ATH, could really rip when it gets there.
Bought the January 2022 - 20C for $28
Sold the Jul 10 45C for 45C for $1.24
Lather rinse repeat.
Well hello there you cool cat or kitten... if it's a long term hold, I wouldn't even think about selling unless we get a close under 130. The potential is ridiculous right now. I've been holding since ~$44 and not selling here. If you're more risk averse, I'd wait for the double and sell half. Or like Prog says, sell 150 or 160 calls on half out far enough to get you to a double depending on premium.Carol Baskin said:
I got in Roku at around $83 and am tempted to pull out some profits. Any thoughts on whether to let it ride or harvest some of it?
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