mazag08 said:

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Bough PLTR weekly $23 yesterday for $0.14. Sold right when it hit $22.47 for $0.28.

Just wish I had done it on more than 10 contracts.

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I'm glad that number worked for you.As an aside, it's holding strong.

McInnis 03 said:

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mazag08 said:

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Bough PLTR weekly $23 yesterday for $0.14. Sold right when it hit $22.47 for $0.28.

Just wish I had done it on more than 10 contracts.

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I'm glad that number worked for you.As an aside, it's holding strong.

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Wasn't meant to get rich. Just tried to make a couple bucks in what I felt was a very strong likelihood of happening.

anyone have any idea whats up with FUBO?
I cant figure out if I should just dump it at a 50% loss or see of it has at least one more run into the 20s
I only hold 200 shares so it doesnt affect me the way WWR, TLRY and CLOV do


as an aside, CLOV volume is way down compared to Friday and Monday activity, if it can hold 8.50, maybe we see that surge into the 11s the next big vol day

Looks like $14.50 is next level to break for SKLZ

Qs over 337

ag94whoop said:

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anyone have any idea whats up with FUBO?
I cant figure out if I should just dump it at a 50% loss or see of it has at least one more run into the 20s
I only hold 200 shares so it doesnt affect me the way WWR, TLRY and CLOV do


as an aside, CLOV volume is way down compared to Friday and Monday activity, if it can hold 8.50, maybe we see that surge into the 11s the next big vol day

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There's some speculation the Archegos / Credit Suisse implosion is contributing to it.

It's likely getting shorted as well. Look at teh volume for the last month. Left goal post on 4/9, then volume dropped to near nothing.

Bought 135C of NKE yesterday for $0.98.

How do I know when the run is over? I am at 0.50 profit now but caught between not selling myself short and being greedy.

SF2004 said:

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Bought 135C of NKE yesterday for $0.98.

How do I know when the run is over? I am at 0.50 profit now but caught between not selling myself short and being greedy.

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What was your goal?

If you hit your goal, you succeeded. Get out and count your blessings and dont look back.

SF2004 said:

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Bought 135C of NKE yesterday for $0.98.

How do I know when the run is over? I am at 0.50 profit now but caught between not selling myself short and being greedy.

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The idea is to set a target or targets based on price targets for the underlying stock. Try doing that before you invest options that are meant purely as a trade and you get more and more comfortable with when to sell. That way you don't kick yourself later if you didn't sell and catch a spike or if you sell and it runs further. A good trade is knowing when and where to buy as well as knowing when to get out. That last part is the most difficult for me.

For your current situation you could
a)sell a portion now that gets you net free or close for the remaining contracts
b) watch the price movement and volume on the underlying for any confirmation of reversal and sell all contracts there
c) try to pick underlying share targets now based on previous price pivots or moving averages, then estimate the call prices at those targets using deltas from your call strike and those below your strike. Set up sell orders for those prices.
d) Do a combination of these.

Irish 2.0 said:

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SF2004 said:

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Bought 135C of NKE yesterday for $0.98.

How do I know when the run is over? I am at 0.50 profit now but caught between not selling myself short and being greedy.

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Pigs get fed, hogs get slaughtered. Take your 50% profits.

In threory though, NKE should move to 130.37 before it sees much resistance. Maybe just a little at yesterday's high 129.9

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I'm with you on the exit. In the same ones and up 50%. However rejects 129.77 again and I'll leave a runner only.

Tomas Hermensa said:

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SF2004 said:

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Bought 135C of NKE yesterday for $0.98.

How do I know when the run is over? I am at 0.50 profit now but caught between not selling myself short and being greedy.

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The idea is to set a target or targets based on price targets for the underlying stock. Try doing that before you invest options that are meant purely as a trade and you get more and more comfortable with when to sell. That way you don't kick yourself later if you didn't sell and catch a spike or if you sell and it runs further. A good trade is knowing when and where to buy as well as knowing when to get out. That last part is the most difficult for me.

For your current situation you could
a)sell a portion now that gets you net free or close for the remaining contracts
b) watch the price movement and volume on the underlying for any confirmation of reversal and sell all contracts there
c) try to pick underlying share targets now based on previous price pivots or moving averages, then estimate the call prices at those targets using deltas from your call strike and those below your strike. Set up sell orders for those prices.
d) Do a combination of these.

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I use the previous 60min low in your B. So for NKE it would be if it dips under 128.12 it would be full eject.

FJ43 said:

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TSLA getting back to 722.

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Yep. Tomorrow I think TSLA goes wild (hoping so). I plan to sell 4/23-Calls against my shares and use the premiums to cover the losses in positions I no longer want to hold and exit. Rinse and repeat until they're gone.

Plan to exit SINO and IMMR.

Will reevaluate WWR, DNN, CLOV thereafter. I am leaning toward keeping and just letting these ride.

Irish.......where do you see TSLA having room to with Dan's system?

FJ43 said:

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Irish.......where do you see TSLA having room to with Dan's system?

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737.25 opens it up for a run back to 750. The TSLA 60min candles are a bit too extended for me right now. I'd like for it to rest here and leave it for later.

Thanks

booked 70% on SKLZ trade, thanks OA!!

CastleRock said:

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SKLZ runnin

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Break $15.40 and we might see $16 today.

I sold half of $SKLZ on 21 reconnect.

Farmer @ Johnsongrass, TX said:

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FJ43 said:

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TSLA getting back to 722.

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Yep. Tomorrow I think TSLA goes wild (hoping so). I plan to sell 4/23-Calls against my shares and use the premiums to cover the losses in positions I no longer want to hold and exit. Rinse and repeat until they're gone.

Plan to exit SINO and IMMR.

Will reevaluate WWR, DNN, CLOV thereafter. I am leaning toward keeping and just letting these ride.

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Hope so on TSLA. Man do I hope so....

I have IMMR but in a ROTH cost basis mid $8s so just letting it ride. Hope this is the bottom end.
WWR same sitting a ROTH but net free and trading shares in trading account. I'll trade those out if we get a surge towards $5.
DNN have some in ROTH and in trading account and those I turn between .90s and 1.20s.Have been anyway.
CLOV....well...sitting in ROTH what I have remaining now as I exited all trading account shares (bulk I had) in the 10 range. Cost basis in ROTH is about $8 now after selling covered calls.

I did exit NXTD and DPW fully reevaluating balance in spec plays.

CastleRock said:

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CastleRock said:

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Bought SKLZ May21 15c for $1.75. Stopping at $1.50.

Disclaimer: Zero technical analysis skills and I am not OA

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Bought at $1.75 this AM. Sold half at $2.50. Not quite net free, but 60-70% of basis back.

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Bought the may 21c 14.50 for $1.78, and just cashed out - guess I could've have let it run but happy with the profit

Just went net free on SKLZ 5/21 $20. Going to hang on to the other half for the moon shot.

WMT flagging on intraday here. May push again.

NIO starting to run

Irish 2.0 said:

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SF2004 said:

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Bought 135C of NKE yesterday for $0.98.

How do I know when the run is over? I am at 0.50 profit now but caught between not selling myself short and being greedy.

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Pigs get fed, hogs get slaughtered. Take your 50% profits.

In threory though, NKE should move to 130.37 before it sees much resistance. Maybe just a little at yesterday's high 129.9

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Put in a limit sell order at 50% profit (my goal on any options trade).

It filled a few minutes later.

Thanks for the response!

MVIS with some big volume

mazag08 said:

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NIO starting to run

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Volume spike

2nd break for PLTR, Let's see if she goes.

Sold 2/5 of my NKE JAN 22 $135C at 9.95

FUBO pattern looking real nice today