KO with a little bump today. Was down 4 straight days this week.

third coast.. said:

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Iirc, Last time he gave one of those undowns there were 2 stocks he didn't put down because they were long term holds, CWH was one.

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You made it back to green yet on DDD, another big run today

Thanks - I actually just sold Feb26 30 covered calls on CWH for over $2 to get my cost basis to 24.73 (or get called out at 30 - which would be roughly 20% gain including the cc premium. I am good with getting called out or lowering cost basis there.

My god. Are any of the sub $5 holders of NIO still long?

gougler08 said:

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Gambling on TSLA profit taking and buying a put here...real tight stop loss though

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Educated gambling. Over the past year every week that has seen TSLA go up to or over the 21-day 2.5-sigma upper band, the following week it has come back at least to the 2-sigma upper band (right now $816) and in most cases come back to the 1.5-sigma (right now $782).

It's a cult following right now and this is definitely knife-catching and gambling. But I likes it.

edit to correct my BB values

I bought it for sub $2 and the idea was that it would catch a bid with all of the other battery / energy stocks. I'm just farming it for covered calls at this point. I've lowered my basis to $1 already.

wmitchell said:

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Out of CWH? I thought you were holding that

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long term hold along with OSTK. Still have a ton of shares.

Are there any downsides to rolling covered calls? Or any "gotchas" to be aware of? Other than the stock dropping and missing out on cashing in, it seems that you are benefiting from the extra run-up in the "next" premiums, so wondering what to be aware of? Currently have some NIO $65's cc's for 1/15 and thinking of just selling 2/19 $75's to buy back the $65's and want to make sure I am not overlooking anything.

$FUBO- What would be a good entry range to add these to my portfolio?

To me that's the biggest downside. You set up the CC to be okay with that return + premium if you get called out. If you roll it out several months from now and the stock drops you're going to be left with just the premium and not able to cash in on the stock at it's peak. For highly volatile stocks I usually choose to let it go, for stocks that you want to keep over several months as swings I'll typically roll a percentage of them, and for long term accumulation stocks I'll try to roll all/most of them or buy them back outright.

59 South said:

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leoj said:

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My god. Are any of the sub $5 holders of NIO still long?

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Here. Bought a lot in my 401k average 4.66... just took a peek... 1165% Also bought some in my Roth IRA with avg 7.75.

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I have a bunch 1/15 $5 calls that I plan on exercising next week... just trying to figure out what's the best way to do use it as a long term hold, but I have it in a my Robinhood account. Don't want to have to pay too much in taxes...

I'm in a 3 and had sold $53 CC expiring today, was going to buy it back until it exploded overnight, so I'm locking in that $50 a share.

I'm hoping GOCO has busted through the $15 resistance and will now use that as a new floor! It is really setting up nicely for a push into earnings.

leoj said:

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My god. Are any of the sub $5 holders of NIO still long?

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In at 4.05 but more than net free on covered calls alone.

Let's make WWR the new NIO

E said:

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59 South said:

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leoj said:

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My god. Are any of the sub $5 holders of NIO still long?

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Here. Bought a lot in my 401k average 4.66... just took a peek... 1165% Also bought some in my Roth IRA with avg 7.75.

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I have a bunch 1/15 $5 calls that I plan on exercising next week... just trying to figure out what's the best way to do use it as a long term hold, but I have it in a my Robinhood account. Don't want to have to pay too much in taxes...

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Now THAT'S a first world problem to have. On the bright side, it's only January so you won't actually be paying that tax for a while... or maybe you would have to send in something Q1? I hate the tax aspect of it all. If you've owned the calls over a year you could sell the calls vs exercising and only pay long term cap gains?

59 South said:

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leoj said:

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My god. Are any of the sub $5 holders of NIO still long?

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Here. Bought a lot in my 401k average 4.66... just took a peek... 1165% Also bought some in my Roth IRA with avg 7.75.

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My Company does not offer equity trading in our Schwab 401K. Only select mutual funds if we want to purchase. Been writing our 401K "committee" to get it changed but no dice. This really ticks me off because I would be much closer to my retirement goals if I could trade in my 401.

Congrats all, love to see it.

leoj said:

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Congrats all, love to see it.

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I'm in at a $6.62 strike. It's funny b/c I remember thinking at the time that I am probably way to late to the party, but what the heck, FOMO amirite!

TWTR had a spike in volume few minutes ago. 550k shares traded in 3 mins, normally does around 100k shares.

PearlJammin said:

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59 South said:

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leoj said:

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My god. Are any of the sub $5 holders of NIO still long?

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Here. Bought a lot in my 401k average 4.66... just took a peek... 1165% Also bought some in my Roth IRA with avg 7.75.

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My Company does not offer equity trading in our Schwab 401K. Only select mutual funds if we want to purchase. Been writing our 401K "committee" to get it changed but no dice. This really ticks me off because I would be much closer to my retirement goals if I could trade in my 401.

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I'm extremely lucky with both my old and current 401k's being in Fidelity with Brokerage Link access. I can buy everything except options and my company's stock. If you have it, then count your lucky stars. My wife has T Rowe Price, and it is absolute rubbish. Embarrassing actually. Her company changes around every couple of years between awful and awfuller. Just remembered her previous one was Schwab.

third coast.. said:

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Would there be buyers for $5 calls on a $60 stock? Seems people wouldn't even be looking at those. Genuinely curious.

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I think so but you'd have to provide a slight discount probably due to low volume.

leoj said:

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My god. Are any of the sub $5 holders of NIO still long?

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Here - avg cost is $4.32.

GILD keeping a tight bounce around $63. Hope it can break up.

Mine is the same way. Only mutual funds.

hi ho SLVR

GBT looking to start its ascent.

$GOCO volume!

took some profits on the GILD 63s, will let the remaining expire if it doesn't move.

backintexas2013 said:

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GILD keeping a tight bounce around $63. Hope it can break up.

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3 days in a row we have the morning bump to a new level then consolidate the whole day. Look at a 3 day 10 Min charts and how similar they are.