PINS - Can learn a lot from this stock (as applies to others as well) a week or so ago when on the 5min had 5% fluctuations. Short squeeze in play and can trade range.krosch11 said:
Notes from call (I was late 25 minutes in ):
GOCO- long. Flush with cash, low acquisition cost, growing target population. Not doing covered calls as possible rapid rise could cause options to get called out. Patient play looks to have based at 13.
WDC: (missed this had to field another call)
RKT: Ranger called it out. consolidated at 20 broke out. Volume is 5X previous days, earning call is in Nov. Plenty of time now that it has broken from low, for it to make 10 dollar move. Check premiums after earnings call, use to advantage to sell covered calls. Ex( 10 days from earnings , or if it hits 47-48 use options to leverage 50 dollar call at double premium. )
DIS: long term should be good, OA thinks it could pull a ROKU, drop and get labeled a "Sell" by some firms similar to what they did with ROKU at $56 and then pop.
Election is going to be a tumultuous time. If Biden wins, might see initial drop and then rally. Initial policies are still Trump's policies. Afterwards balance of power in the Senate could determine policy change. OA thinks you would see relief rally and then slow bleed after 2 quarters. If Trump wins, could see initial sell off, then would have to watch social discourse which could cause some macro shifts during that time until settled. OA is doing 6 dollar SPXS calls for less than a dollar as a hedge for this scenario. OA could see SPXS above 15 in some of the market fluctuations. For a hedge less than a dollar that's a safe scenario. If you want to go cheaper go with the 8 Dollar.
Spy puts vs SPXS calls - price difference main issue. Spy puts closer to election. OA would buy .5 to .75% of your portfolio value. (almost 1K per every 100K for example.) Spy puts would pay more but cost is significantly higher.
If there is no clear winner on election night and it goes to supreme court, then buckle up.
more to come if the call keeps going.
(if anyone sees a correction needed let me know.)
QD - May have based. Overall good company (note it is a Chinese company). Potential good long term play. Sell covered calls to protect fluctuations on this one.
MGNI - Company has capability no one can really match. Working through merger/acquisition normal pains but expects this one to see above $11-12 and into $15.
MBIO - has been being accumulated and found base. Will have spike up and good opportunity to sell covered calls.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11