Got it. Thanks for the clarity.
$GM calls reached target.....out out out
— 2021 Opportunity Stocks Knock (@oldarmy1) September 15, 2021
AGSmith said:
FYI…$GM calls reached target.....out out out
— 2021 Opportunity Stocks Knock (@oldarmy1) September 15, 2021
These are now sitting at 210%.wanderer said:
Now /ES is in the zone.
I went with 0DTE SPY 446 calls when I posted that I just unloaded for 30%.
That's also that level that signifies a strong potential for breakout to the upside based on EW analysis. And it lines up with ES 4480 which is a key level for ES to point to breakout.BaylorSpineGuy said:
I think SPX needs about 4490-4491 for the Model T (4545-4436 more or less).
It's...it's...oh my it's so very beautiful 😍#NQ pic.twitter.com/AWPB2V10nX
— Posty (@PostyTrades) September 15, 2021
could be. I'd like to escape those short 48P for a scratch.jwhitlock3 said:
SAVA do I spy an RDR??
you have to be careful with trails because everyone does them. When the price stalls or pulls back, there is a sudden huge reaction of calls being dumped. If I'm in something super volatile, I will set a tight trail, but it often comes back to bite me just like you're describing.Spoony Love said:
I sold a $305c I grabbed yesterday late in the day for .48. Dumped it right at the beginning for a lot less than I could have sold for but still got out at 1.48.
I then jumped back in at the second big dip today around $302ish for 1.32, set a trail stop like you y'all have taught and somehow got stopped at $1.31. Trail was at .10 which I'm okay with losing the $10 per contract. I chased that stop up to a mark of 1.42 on the green candle at the bottom of the dip to hit a trail stop at 1.32. The next red candle was where I was stopped. Very small loss for shot at glory.
Some lessons being learned over here though. Appreciate the education.
I will take the shares. No sense taking the L when 1) the company is quality and 2) I can recover basis through covered calls.Cookiemonster64 said:
30K, you taking the L or taking the shares on those puts?
I followed on selling the 46 strike, but my plan was to take the shares and sell CCs ATM. Premiums still looked pretty good when I checked yesterday evening.
It's hard. My advice is to try to play a bit smaller and give these room.Spoony Love said:
I have noticed that I get stopped on some volatile stocks with a trail before I can even see what has happened. That's when it moves up. It's almost like I need to let it breathe before setting a stop.
On the other hand, I have learned to pick up some calls below the market because other fools like me set a trail stop they didn't mean to get caught with. If it doesn't hit for a few minutes, I cancel and move on to the next entry point I see.
I dare say this is getting fun.
I think SAVA needs a catalyst for a reversal. There are shares available to short, which there weren't any yesterday. Todays move may just be shorts covering. 12-month data should be released any day now. CEO Remi said on Monday that the data was being analyzed by a 3rd party to ensure accuracy (no more multi billion dollar mistakes).$30,000 Millionaire said:could be. I'd like to escape those short 48P for a scratch.jwhitlock3 said:
SAVA do I spy an RDR??
What's an RDR? I follow this board a lot, but unfortunately I only comprehend about half of it!Double_Bagger said:I think SAVA needs a catalyst for a reversal. There are shares available to short, which there weren't any yesterday. Todays move may just be shorts covering. 12-month data should be released any day now. CEO Remi said on Monday that the data was being analyzed by a 3rd party to ensure accuracy (no more multi billion dollar mistakes).$30,000 Millionaire said:could be. I'd like to escape those short 48P for a scratch.jwhitlock3 said:
SAVA do I spy an RDR??