DE going to fall off this cliff to 160 or below or is 163 gonna hold?

Edit- h may be forming. Still holding a few weekly 165 puts that I need to unload.

IrishTxAggie said:

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You still holding some of those TWTR 7/19 $36 calls?

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25% and if it gives a good opening will buy back today

OSTK aking another push

Markets breaking out. Rut Roh

That's what I'm hoping for too! Thanks for the confirmation on my TA. Its still a WIP...

SFIX gave an opening

Ok out of OSTK. I just can't help it! I love this stock

$14.15 - 9:48
$14.83 - 10:29

$0.68 a share in 1/2 an hour I'll take it. I'm sure it'll soar from here, but I'll keep chipping away.

Should try the options... Really give your heart a workout!

IrishTxAggie said:

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Should try the options... Really give your heart a workout!

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Nope, been burned on TEUM, NIO, HEAR, CHK

Just let me enjoy my little victories to crawl out of this hole HEAR was brutal.

I think it's 16 quick on OSTK

59 South said:

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I think it's 16 quick on OSTK

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You're probably right. Just spike to $15.13. I hope everyone gets rich!

SPY just broke it's 52wk high

Aggie_2463 said:

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Ok out of OSTK. I just can't help it! I love this stock

$14.15 - 9:48
$14.83 - 10:29

$0.68 a share in 1/2 an hour I'll take it. I'm sure it'll soar from here, but I'll keep chipping away.

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Have you calculated what your net is at 25% capital gains plus trading cost against had you been holding from under $11? Might be worthwhile.

oldarmy1 said:

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Aggie_2463 said:

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Ok out of OSTK. I just can't help it! I love this stock

$14.15 - 9:48
$14.83 - 10:29

$0.68 a share in 1/2 an hour I'll take it. I'm sure it'll soar from here, but I'll keep chipping away.

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Have you calculated what your net is at 25% capital gains plus trading cost against had you been holding from under $11? Might be worthwhile.

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I'm buying in an IRA, I'm slightly behind if I had just held but that's ok, if I held it would of hit $5 (I'm just kidding, but that's my luck)

WK trying to breakout on the 3 day resistance to new highs.

So a few things with Nio:

1. The Chinese just announced that EV purchases will be tax exempt through 2020. That was news.
2. Nio announced several subsidy packages for the ES6 and ES8 for orders between July 1 and Dec31 of 20,000 yuan and 25,000 yuan for the ES8 and ES6 respectively.
3. Tesla's numbers.
4. We will be receiving June delivery numbers here shortly (probably next week). This is the first month with both ES8 and ES6 deliveries. The ES6 is expected to be a major game changer for Nio in the delivery volume department due to a higher Total addressable market than the ES8.

So you're saying to load up on more Jan 21 $5...

oldarmy1 said:

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WK trying to breakout on the 3 day resistance to new highs.

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surprising how quiet WK options have been with very little movement.

AgShaun00 said:

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oldarmy1 said:

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WK trying to breakout on the 3 day resistance to new highs.

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surprising how quiet WK options have been with very little movement.

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Gap is so wide on it because the volume is low

CSCO calls looking good

MU have anything left in the tank for today? I'm dumping my options for this week soon.

Aggie_2463 said:

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Ok out of OSTK. I just can't help it! I love this stock

$14.15 - 9:48
$14.83 - 10:29

$0.68 a share in 1/2 an hour I'll take it. I'm sure it'll soar from here, but I'll keep chipping away.

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Stay awhile you'll make a lot more

Holding OSTK $14 calls out to 7/19.


Run!!!!!

I suspect the SPX hits 3000 today and the other two hit highs at the close. However, the volume is very low so I think traders just want to see the print.

Should've held onto the GIS...

It would be 800% with two weeks to go

Sometimes I hate my new found "conservative" approach with options

IrishTxAggie said:

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Should've held onto the GIS...

It would be 800% with two weeks to go

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biggest lessons I am learning

Set stop loss
Let winners run.

For sure. But with the run it was having, I thought it had to have a breather. And it did. Just not as big of one that I thought so I could re-enter.

The CAGs I still have are a different story. I'm taking them to the near end now since it's all net free

My biggest issue with using RH is not having the stop loss capability. Guess you get what you pay for, ie fee free options trading.

I sold half my CSCO calls to go net free and it's still going.

They're rolling out more features and hopefully that will be one soon.

I've made mention of it every time I've been asked for a review

I hope so. Just got burned today in DE. Dropped from 164 to under 163 and then up to 164.5 all within about an hour I was in meetings. Barely missed set sells but would have been nice to have stop losses as well.

Stupid question -

Can you covert an option to shares before the expiration date?

Edit - That didn't type right

Yes. Depending on the broker you're using, you may need to call.

IrishTxAggie said:

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Yes. Depending on the broker you're using, you may need to call.

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I'm slumming it on Robinhood, so I bet it would be a no

You need to call or email them. If you follow there Options FAQs, you can contact them to do it.