Index shooting up...

Following you folks on here a bit:

WWR: I bought some shares and then waited for Jan2021 $7.5 calls to fill at $1.30 and then bought more shares to cover those calls. My thought process is that my initial buy would stand alone but the additional shares covering $7.5 calls have a net entry price of $5. I also sold some $7.5 puts for Dec2020 to claim more shares or take premium.

MBIO: I have a call order out for June2021 at $5 strike. If that fills at high premium then I'll buy additional shares to cover those contracts. If I can get shares at $1.5 net that I'm likely to hold until June and exercised at $5 I'm definitely okay with that!

SSTK: I entered yesterday at the low and I'm buying some more shares now. I didn't like the premiums so I'm in shares only. I may look to sell CC on a portion or all of my shares depending on how jacked the premiums get. The Jan2021 look ripe on first glance.

IEA: I was already in this a bit. I sold Dec2020$10 calls for $2.50 and then bought shares to cover at $11.70/. If the stock stays above $10 I made 8.7% on my money over 2 weeks. Plus every little bit of volume helps my other shares stay green.

McInnis 03 said:

---

Running with the Bulls said:

---

McInnis 03 said:

---

Buying X shares of PLTR here and selling X/2 calls of PLTR at 22.50 for this friday t $1.18 ea.

---

New to options...

Curious what your play is here with PLTR going above $24.

Thanks!

---

So I have now rolled these covereds out and up. Out one week, up one strike to $23.

So these calls that were valued at 22.50 for $1.18 are now worth $23 and an additional $.50 credit, so basically I'm running up with the rise and if I get called out, the remaining shares cost basis I have will get lower if I continue to do this.

---

Thank you very much!

McInnis 03 said:

---

Sweeping Jan AMZN 3250c. 300 @ $126ea ($3.78MM)

---

Rockets on the launch pad.

OA - I would be interested in the seminar

BA up 5%. Again.

While I don't trust it MOMO is moving.

McInnis 03 said:

---

McInnis 03 said:

---

Talon2DSO said:

---

Amzn keeps disappointing today

---

AMZN is definitely going for an inside day here unless the bottom drops out. That's a consolidation day, means options get chopped up like a mofo. I'll try to update later today just before close what the prospective levels to watch tomorrow will be based on todays daily candle. Inside days can make for a predecessor to a moving day the next day.

---

So today's high was 3232, a break of this allows for a first target of 3248.95 or Tuesday's high. Today's low was 3173.26, a break of this allows for a first target of 3157.18, or Tuesdays low.

Here's to seeing what tomorrow brings. We're only 2 days into it, but we're currently working on an inside month, so it could be chop city. The monthly targets are in the high 3300's and 2900's.

---

3232 is within arms reach.

McInnis 03 said:

---

McInnis 03 said:

---

Sweeping Jan AMZN 3250c. 300 @ $126ea ($3.78MM)

---

Rockets on the launch pad.

---

Bruh, just checked out the chart... looks like it wants to launch to about 3400 quick.

59 South said:

---

Boring trade I'm considering on CWH (this one is right up your alley 30K):

• Sell $30 puts 12/11here for $1.00 - 1.25
• If you get called out on 12/11, hold shares for a couple of days for the $1 dividend w/ ex-div date 12/14
• You either pocket the $1.00 - 1.25 per share (about 3.5-4% for about a week trade or you get a net entry <$28)

Talk me out of it or into it 30K! I've got 30K+ sitting around in cash so I'd sell 10 puts for a cool $1100+....

---

I love this! I'm going to follow but be a Magina and only sell two puts. Also I'm staying strong at $1.25. They fill or they don't.

Def missed getting out of CRM at the open. Ugh

McInnis 03 said:

---

Running with the Bulls said:

---

McInnis 03 said:

---

Buying X shares of PLTR here and selling X/2 calls of PLTR at 22.50 for this friday t $1.18 ea.

---

New to options...

Curious what your play is here with PLTR going above $24.

Thanks!

---

So I have now rolled these covereds out and up. Out one week, up one strike to $23.

So these calls that were valued at 22.50 for $1.18 are now worth $23 and an additional $.50 credit, so basically I'm running up with the rise and if I get called out, the remaining shares cost basis I have will get lower if I continue to do this.

---

Thank you for posting this. For some reason, I hadn't considered rolling into longer dated ITM calls, probably because I'm an idiot. I have some ITM covered calls expiring soon that I didn't want to get called out. This can at least buy me some time to wait for a pullback.

Ha! I was just about to put in an order for $1.25... I'll let you go first. I'll try to one up you with $1.30 or so

Also, just when I posted the ask trickled down to $1. I should have learned from my AMD ill timed post yesterday right on the double top!

I would think an options play on PLTR waiting for the Model T retracement at 27.33 would be a good trade. I entered Dec $27 calls.

McInnis 03 said:

---

McInnis 03 said:

---

McInnis 03 said:

---

Talon2DSO said:

---

Amzn keeps disappointing today

---

AMZN is definitely going for an inside day here unless the bottom drops out. That's a consolidation day, means options get chopped up like a mofo. I'll try to update later today just before close what the prospective levels to watch tomorrow will be based on todays daily candle. Inside days can make for a predecessor to a moving day the next day.

---

So today's high was 3232, a break of this allows for a first target of 3248.95 or Tuesday's high. Today's low was 3173.26, a break of this allows for a first target of 3157.18, or Tuesdays low.

Here's to seeing what tomorrow brings. We're only 2 days into it, but we're currently working on an inside month, so it could be chop city. The monthly targets are in the high 3300's and 2900's.

---

3232 is within arms reach.

---

Too detailed McFly... take off that engineering hat! It's simple... 3250 gets you 3350. Easy peasy

NIO get yer ass in gear!

SNAP basically back where it was originally called, sucks. Patience I guess.

Anyone else seeing an RDR with MP on these last daily candles?

jwhitlock3 said:

---

Anyone else seeing an RDR with MP on these last daily candles?

---

Yep. Just need volume to get it moving but right direction so far.

MBIO December $5 calls can be sold for $0.30 right now...seems like a good value as it would have to run another 25% in 2 weeks to get called out

BearkatRunner88 said:

---

Def missed getting out of CRM at the open. Ugh

---

as did I... I ended up averaging down around the bottom. OA thinks it's game on once it capitulates here...and looky there, there it goes! 224 now.

Big buys are coming in for ARLO. It could be waking up.

59 South said:

---

Ha! I was just about to put in an order for $1.25... I'll let you go first. I'll try to one up you with $1.30 or so

Also, just when I posted the ask trickled down to $1. I should have learned from my AMD ill timed post yesterday right on the double top!

---

Don't wait on my account! These hadn't filled so I switched out to the Dec18 puts. I'll try to fill those for $1.60

Is anybody doing anything with their Jan/Feb SPXS calls, or still holding them as a potential hedge?

Take a look at that beautiful NNDM chart. Rounded bottom coming around. ARK has been buying everyday this week.

Congrats to those of you patiently still in EXPI. It's up 5% today. I took a meager profit and exited.

Fireman said:

---

Is anybody doing anything with their Jan/Feb SPXS calls, or still holding them as a potential hedge?

---

My personal strategy was to go net free if they moved back up but if not ride them $0 if need be as a hedge until all the election stuff was finalized. I still do not think volatility is over between now and then.

BearkatRunner88 said:

---

Def missed getting out of CRM at the open. Ugh

---

I did too, was able to book some profit but could have been a lot more

Anyone in AMCI? Zack Morris play, yeah the Saved by Bell fintwit impersonator. He's been nails at spotting runners for swing plays. No options in AMCI unfortunately.