Will $LOW mind the gap with the macro positivity this week? Might paper trade this idea but want to try it out.
Stock Markets
25,153,815 Views |
233850 Replies |
Last: 4 hrs ago by $30,000 Millionaire
Got out of MARA around 2. Lesson learned.
Why you convert to options only for now. Bull leg post election was expected, it's just not a regular election so you have to be nimble.Barty said:
I know the Trend is our friend but is anyone else nervous that things seem to be going TOO GOOD?
Dan says BA is targeting 220, which isn't earth shattering as it's only $2 away from premarket activity.
***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
Considering it was under $150 2 weeks ago....
Can someone verify my math please? If I bought 100 ENG shares at 2.04, and sold 1 Dec 2.50 call for .7, my effective cost basis is 1.34. If I get called out, i would receive $250. Thus my profit would be $250-134 = $116?
Just trying to make sure I fully understand
Just trying to make sure I fully understand
Orlando Ayala Cant Read
Joined:
May 17, 2004
Posts:
69,850
How long do you want to ignore this user?
AG
For those holding or looking at $ALPP. Today might be the day it finally gets a major pull back. Watch at open.
historyrepeats said:
Can someone verify my math please? If I bought 100 ENG shares at 2.04, and sold 1 Dec 2.50 call for .7, my effective cost basis is 1.34. If I get called out, i would receive $250. Thus my profit would be $250-134 = $116?
Just trying to make sure I fully understand
Yes
This is correct. Watch it early for continuation spike to maximize the ROI and check next level options for better upside.historyrepeats said:
Can someone verify my math please? If I bought 100 ENG shares at 2.04, and sold 1 Dec 2.50 call for .7, my effective cost basis is 1.34. If I get called out, i would receive $250. Thus my profit would be $250-134 = $116?
Just trying to make sure I fully understand
I'm buying MARA $4 Jan Puts just because these spikes have never held.
oldarmy1 said:This is correct. Watch it early for continuation spike to maximize the ROI and check next level options for better upside.historyrepeats said:
Can someone verify my math please? If I bought 100 ENG shares at 2.04, and sold 1 Dec 2.50 call for .7, my effective cost basis is 1.34. If I get called out, i would receive $250. Thus my profit would be $250-134 = $116?
Just trying to make sure I fully understand
That's a nice simple explanation a dummy like me can understand!
I bought some shares of mara yesterday even though it had already gained a lot. I still made some money on them. should I sell for the small profit I made and buy this put?
or hold my shares and just hedge with the put?
or hold my shares and just hedge with the put?
Orlando Ayala Cant Read
Joined:
May 17, 2004
Posts:
69,850
How long do you want to ignore this user?
AG
oldarmy1 said:
I'm buying MARA $4 Jan Puts just because these spikes have never held.
I had accumulated a lot in the $1.70s/$1.80s and have been profit taking along the way. Will probably dump the rest of it today at some point especially if its over $6.15. I think puts are the way to go now on it.
Maybe a $5 put if it pops at the beginning and options price is taking a hit
IDEX is mirroring the same scenario as ENG right now, I think im going to just let them both play out at this point because Im pretty sure if i tried to make some moves wether buying back CCs and reselling them etc im sure to screw it up or miss time it
You could also sell covered call with a premium on them. The March $9 will probably be above $1.50 at the open I would guess.gigemJTH12 said:
I bought some shares of mara yesterday even though it had already gained a lot. I still made some money on them. should I sell for the small profit I made and buy this put?
or hold my shares and just hedge with the put?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I'd use the sell the $9 covered call and use the premium to buy the $5 Put. Love that at this level. But this thing could launch anywhere or tank. Lot of energygigemJTH12 said:
I bought some shares of mara yesterday even though it had already gained a lot. I still made some money on them. should I sell for the small profit I made and buy this put?
or hold my shares and just hedge with the put?
Freaking A MSFT and FB, GET YOUR A'S TO THE PARTY.
***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
This is a safe space Mc, you can say Ass here.McInnis 03 said:
Freaking A MSFT and FB, GET YOUR A'S TO THE PARTY.
Also McInnis yelling at MSFT and FB
TOS down for anyone else, or does it just hate me?
.
You mentioned a play last week. I can't remember what it was though. It may have been the SDC one. You said something along the lines of it could be over $2 soon but with so much time left, it could easily see $6 or $7 each at some point. Any chance you remember which play that was in reference to?
is the GOCO dream dead?
NVDA puts doing pretty good this morning.
Seems to be lagging on orders for me, mobile version is fine though
Post about MGNI on Wallstreetbets.
It's officially made it gentlemen.
It's officially made it gentlemen.
Merrill is going slow this morning as well.
PLTR heat check! $23.3 new high water mark. This is some wild ass price discovery.
Mine is running ok....I thinkEsteban du Plantier said:
TOS down for anyone else, or does it just hate me?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
We thinking MOMO gets back to 15.57 by dec 18? I sold a 16/15 put spread, wondering if a cut bait or hold on a while longer. Can get out now with about half max loss.
.
gigemJTH12 said:
is the GOCO dream dead?
this was a Q4 play
all my shares are at $17
Selling that ridiculous ENG spike was trade of the day
Someone got the sell side out of bed! Very intense pressure in those 5-7 minutes
Hit a 5 bagger on some AAL lottos
Turndown Tuesday starting strong.
***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
Featured Stories
See All
No. 20 Aggies finish Players Era with a 81-77 victory over Rutgers
by Luke Evangelist
Aggies sweep Gamecocks, will carry four-game heater into tourney
by Neil Jhurani
12:07
2h ago
629
24:54
53m ago
831
The TexAgs Tailgate: No. 20 Texas A&M vs. No. 3 Texas
by Richard Zane