Prognightmare said:
If anyone is interested. Jim Cramer is about to show an interview with Tim Cook (AAPL CEO) on Mad Money on CNBC.
Buying puts in the morning now!
Stock Markets
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Last: 3 min ago by Talon2DSO
Buying puts in the morning now!
Smartass, but I respect that.IrishTxAggie said:Prognightmare said:
If anyone is interested. Jim Cramer is about to show an interview with Tim Cook (AAPL CEO) on Mad Money on CNBC.
Buying puts in the morning now!
Is there a chart on Cramer's historical hit rate?
Probably, but I will always remember he told everyone to get out of stocks in Oct-Nov of 2008. He was adamant about that and If you did and even went short it really paid off. He also had Doug Cass (I think) on his show in March or April of 2009 and he called it a generational low and to buy good companies. Cass, or whoever he was, called to absolute bottom of that bloodbath.IrishTxAggie said:
Is there a chart on Cramer's historical hit rate?
SPY was on a pretty defined rising wedge for most of the day. Break down?
Was too young for that.
Unfortunately, I wasn't.
favorite cramer clips:
^^ texags doesn't want to recognize the timestamp to get to the juicy part.
^^ Bear Stearns was at $62 dollars ( March 11, 2008 ) and on March 16, Bear Stearns signed a merger w/ JP Morgan Chase of $2/ share but eventually 10$/share was agreed upon.
^^ texags doesn't want to recognize the timestamp to get to the juicy part.
^^ Bear Stearns was at $62 dollars ( March 11, 2008 ) and on March 16, Bear Stearns signed a merger w/ JP Morgan Chase of $2/ share but eventually 10$/share was agreed upon.
OA1, looking at CX calls out till July are relatively cheap for $7-8 strike price. Would this be a good play if you are expecting it to pop in the summer or would you suggest just buying the shares?
What I've learned from oa1:
1. Buy shares
2. Sell covered called
3.???
4. Profit
Somewhere in there you mix in puts and it doubles your money again.
1. Buy shares
2. Sell covered called
3.???
4. Profit
Somewhere in there you mix in puts and it doubles your money again.
Can't say on timing, only that I like the sector as a turnaround story. There will likely be some kind of initial "pop"tramaro1 said:
OA1, looking at CX calls out till July are relatively cheap for $7-8 strike price. Would this be a good play if you are expecting it to pop in the summer or would you suggest just buying the shares?
once resistance is broken and it catches eyes on momentum. I like the shares because of the entry and then on any pop I can sell covered calls on the premium burst. It could just ease its way upward, through typical ups and downs, eliminating any premium upside as well.
1) Buy a ton of shares in times of turmoil, on volume.johnson2012 said:
What I've learned from oa1:
1. Buy shares
2. Sell covered called
3.???
4. Profit
Somewhere in there you mix in puts and it doubles your money again.
2) Sell % of shares on flash recovery "V" bottom when approaching the last level pre-flash. (generally 25%)
3) Sell 25% on major mover short squeeze stocks (Posted selling 50% of $45 ROKU pre-market yesterday) and covered calls on up to 75% of shares on approaching previous resistance marks
4) Look for laggards that came off "V" bottom but haven't broken out (Did I pound the table enough on JD last 2 days????????? Can lead a horse to water but you gotta pull the trigger!)
5) Buy Puts using no more than 10% of your profits. i.e. NFLX is up $40 from entry so if you bought 1k shares you spend up to $4000 of your $40k profit in protective and opportunity Puts) Opoportunity means like ROKU yesterday posted buying Puts at the open above $44 and it dropped below $40 to buy 75% shares against those for risk free trade that made another $1. Puts used as hedges aren't to achieve a double, although ROKU's happened to do more than that yesterday - they are to take advantage of momentum when you don't want to exit shares that you either want to hold long term or that momentum might continue the move, easily overtaking the small hedge paid.
6) On and on and on strategies go to $$$$$$
And this is why I don't post on threads where someone is literally asking for a 5% annual cash out. I'd rather die.
Did anyone besides OA1 and myself get in on MAXR? Just sold half of my $7.5 Feb calls and holding the other half net free now.
First 2 services with option call alerts on JD. Average of those are to buy the January 18th $25 strikes
I sold 75% and a tip of the hat for the alert!!!IrishTxAggie said:
Did anyone besides OA1 and myself get in on MAXR? Just sold half of my $7.5 Feb calls and holding the other half net free now.
It bumped right off that 24ish resistance the first time, lets see if we can get througholdarmy1 said:
First 2 services with option call alerts on JD. Average of those are to buy the January 18th $25 strikes
Now I wish I had just said "YES!"tramaro1 said:
OA1, looking at CX calls out till July are relatively cheap for $7-8 strike price. Would this be a good play if you are expecting it to pop in the summer or would you suggest just buying the shares?
That said - the spread on the options makes it tough to buy calls on a stock edging upwards.
clobby
Joined:
Aug 30, 2007
Posts:
9,900
How long do you want to ignore this user?
What do you see over the 12-18 months for ROKU now that Apple is no longer in the picture for buying ROKU?
Kicking myself kinda. I was going to jump in, but decided to cost average down on my CHK position. So Its been a bit of a lose - win I guess?IrishTxAggie said:
Did anyone besides OA1 and myself get in on MAXR? Just sold half of my $7.5 Feb calls and holding the other half net free now.
p.s. I nearly always sell 75% when an option pays a 100% ROI in less than 24 hrs.IrishTxAggie said:
Did anyone besides OA1 and myself get in on MAXR? Just sold half of my $7.5 Feb calls and holding the other half net free now.
I got in and am in the process of taking profits. Thanks for the tip.
And out. I'll take a 19.1% gain for a 1 day hold any day.
And out. I'll take a 19.1% gain for a 1 day hold any day.
Eyeing options on SMART Global ($SGH) now with my MAXR proceeds. Barely missed earnings and is taking a very unfair beating due to a slightly down guidance. Just bounced off of it's 52wk low.
Anatomy of a selloff flash down. First, I want to be clear that I am not claiming to have "timed the market". The first flash down you see big volume build into the accelerated selloff. Then note the day the bottom occurred volume was much lower. While there were no huge buyers (they had been buying the day before) that signaled there was no big selling going on - a tale-tale giveaway that the flash down was a worthwhile entry.
I had posted my plan was to buy when 2500 got broken with 25% of all sidelined cash. I did so and posted at the same time that I would put an additional 50% of cash in at 2350. But we got the bounce and you see the points of 25% exit and covered calls fairly clearly on that initial bounce.
But we lost 2500 decidedly and flashed down to my 2350 mark for the big entry of cash. That mark was my personal algorithm buy-in point. Again, not that I timed the market but I accurately assessed my entry point. Note that BABA did not (I like to view it as COULD NOT) break its 2500 low. A SURE sign of buying strength. Funny that my 25% buys and 50% buys were nearly identical. Not so funny is the huge cash cow being able to "double dip" profits via two flash entries that further reduced any kind of downside risk whatsoever. You will also look across most stocks and they also did not hit new lows. Some didn't even reach the previous 2500 lows but I STILL enter the 50% cash. Important to note.
I had posted my plan was to buy when 2500 got broken with 25% of all sidelined cash. I did so and posted at the same time that I would put an additional 50% of cash in at 2350. But we got the bounce and you see the points of 25% exit and covered calls fairly clearly on that initial bounce.
But we lost 2500 decidedly and flashed down to my 2350 mark for the big entry of cash. That mark was my personal algorithm buy-in point. Again, not that I timed the market but I accurately assessed my entry point. Note that BABA did not (I like to view it as COULD NOT) break its 2500 low. A SURE sign of buying strength. Funny that my 25% buys and 50% buys were nearly identical. Not so funny is the huge cash cow being able to "double dip" profits via two flash entries that further reduced any kind of downside risk whatsoever. You will also look across most stocks and they also did not hit new lows. Some didn't even reach the previous 2500 lows but I STILL enter the 50% cash. Important to note.
Only gotten 14 filled at 60 cents for Jan 18th $25 strike. I have 50 order entered so 36 more potential. I will place a stop loss at 45 cents.IrishTxAggie said:
Eyeing options on SMART Global ($SGH) now with my MAXR proceeds. Barely missed earnings and is taking a very unfair beating due to a slightly down guidance. Just bounced off of it's 52wk low.
This is why OA1 (and other smart folks on here) are awesome. Giving tips and going above and beyond to explain "why".
Looks like it's trying to find support at around $22.75oldarmy1 said:Only gotten 14 filled at 60 cents for Jan 18th $25 strike. I have 50 order entered so 36 more potential. I will place a stop loss at 45 cents.IrishTxAggie said:
Eyeing options on SMART Global ($SGH) now with my MAXR proceeds. Barely missed earnings and is taking a very unfair beating due to a slightly down guidance. Just bounced off of it's 52wk low.
Noob options question - How are the price increments determined? Roku has options in .50 increments (38.50, 39.00, 39.50), but SGH is in $5 increments ($25, $30, $35).
It's usually a function of the current stock price and length of contract (edit: and liquidity)
Something to mull over... Bezos is getting a divorce. Been married for 25 years. Amazon was founded 24 years ago. AFTER he got married. Not sure about prenup. Could be interesting if it gets dirty over money.
ActivitySeor Chang said:
Noob options question - How are the price increments determined? Roku has options in .50 increments (38.50, 39.00, 39.50), but SGH is in $5 increments ($25, $30, $35).
Yup and I got all my fills so lets ride!
There comes some good volume on SGH
I think good luck catching ROKU's base and technology. Notice its giving ROKU a lift verses trouble.SW AG80 said:
What do you see over the 12-18 months for ROKU now that Apple is no longer in the picture for buying ROKU?
Intraday cup and handle on JD....maybe continuation climb ahead?
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