Robinhood if they ever IPO.

AggiePeeps06 said:

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I bought too high on BAC. Did you ever sell the ones you bought at like .30 cents oldarmy?

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I added to them and no....i think they will pay prior to June 15th

PPAag06 said:

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Same question but 10 call options Jun 15 32 strike. Based on recent conversations I'm assuming you would hold for the near future.

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See previous post. Yes, look for double

TD Ameritrade bought Dough.com which was Tasty Trade's first option trading platform.

On that Friday BAC expiration....close enough to sell it here at 31.13

KIM looks like it's close to breaking a reverse h&s. I'll be watching that one

oldarmy1 said:

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On that Friday BAC expiration....close enough to sell it here at 31.13

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BTW....reason I said close enough is because a magic hour sell usually occurs somewhere around 1:30pm. Again, don't ask me why, profit taking by day traders, program trade kicks in to equalize days buys, whatever. But it is 8 out of 10 up day occurrence.

So much for taking a lunch today...totally missed your updated post! Though I was able to unload it .20 since it's steadily falling back, and I'll gladly take 150% on my first option trade. Thanks for the help oldarmy1!!

So Trump says North Korea sit down might not happen and markets overreact 150 points down. Mark all tops today because big buyers have shown their hands now and we will be at least back to those levels after the typical wash-rinse-repeat hysteria settles.

It's annoying, but I just went in and added to a few positions because I think we will recover these dips soon.

Hey if the markets want to fill Friday to Monday gap and give me my covered calls I was about to have called out back I'll be ecstatic. In fact go ahead and fill that gap back to 24774 so I can buy 100% of them back for a few pennies!

Thanks Ragoo

They paid $600MM. Screw the options trading, make software, sell and drift off into the sunset.

what happened to CHK, SN, and SWN?

what say you said:

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what happened to CHK, SN, and SWN?

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Kim and Trump rhetoric. Frankly the huge gains on CHK and SN were due for some consolidation. It only looks like they go straight up. SWN had just broken out so its going to continue that once all this noise subsides.

BAC is up to $31.06 after hours.

SWN up a couple of cents. Classic over-reaction in the markets.

The SPX has hit resistance at the 2743 level which is a gap from mid March twice now and sold off. I think the market was looking to sell and the politics gave them a reason. I could see a little more sell off to the 100 day moving average which is current at 2709 and the top of the gap up from May 10 to confirm support before breaking that annoying 2743 resistance overhead. At least that is what I'm looking at right now

RIP my SPY call weeklies.

snowmnag970 said:

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RIP my SPY call weeklies.

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Call Options expiring tomorrow are toasted.

Still all over BAC Calls out to June 15th with Trump likely to sign Dodd Franks overhaul. That goes for most financials.

Financials are due for a big pop when the bill gets signed.

oldarmy1 said:

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Still all over BAC Calls out to June 15th with Trump likely to sign Dodd Franks overhaul. That goes for most financials.

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Are you buying or selling calls?

Big Cat 05 said:

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oldarmy1 said:

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Still all over BAC Calls out to June 15th with Trump likely to sign Dodd Franks overhaul. That goes for most financials.

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Are you buying or selling calls?

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Buying.

Also - expect automaker stocks to withstand some selling. p.s. I don't ever mess with that sector.

Thank you hysterical markets for allowing me to buy back 90% of all of my Covered Call Options for under an average 8 cents. Also for locking in some nice Put Options gains. God bless panicking traders. May they never learn.

Thank you Netflix.

Picked up some 6/15 $350 calls at $2.9 yesterday. Sold half earlier at $6 to take all risk off.

I also picked up some aapl 6/15 $190s yesterday. Down on them but like the support at 185. It has been flagging for the last 9 days and looking for a flag break and retest of 190.

Also sold remainder CHK calls at $1 yesterday. Total return of 370%.

aggiehunter3 said:

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Thank you Netflix.

Picked up some 6/15 $350 calls at $2.9 yesterday. Sold half earlier at $6 to take all risk off.

I also picked up some aapl 6/15 $190s yesterday. Down on them but like the support at 185. It has been flagging for the last 9 days and looking for a flag break and retest of 190.

Also sold remainder CHK calls at $1 yesterday. Total return of 370%.

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Very nice! And In agree with your take on AAPL. I also am holding some calls out to same marker on it.

Thoughts on GE after today's beating?

Bought $3.5 6/1 puts on SHLD for $.40. Earnings pre-market tomorrow. I don't think it will be pretty. Hell, the things already went up 30% within 30 minutes of my purchase.

leoj said:

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Thoughts on GE after today's beating?

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1st remember that post on selling some shares on the push over $15 and then selling $15 covered calls? Well there is a God!

I've covered those before close and turned around purchasing the June 29th $15's at $0.20. When you have that much profit taking that ends near lows you are likely to get a further move that direction until volume support shows up. I would wager a guess that GE will flash below $14 before moving back up more slowly.

We hit below $14 and I'll buy back the shares sold above $15....rinse repeat.

IrishTxAggie said:

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Bought $3.5 6/1 puts on SHLD for $.40. Earnings pre-market tomorrow. I don't think it will be pretty. Hell, the things already went up 30% within 30 minutes of my purchase.

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what is your end game here buying puts? I see the current ask on these options is $0.84 while the bid to sell them back to the market is only $0.20. Even at $0.40 you the price of the stock has to take greater than 10% from today's close to break even.

For you candlestick technicians what are your thoughts on the SWN long-legged doji formed today?

Congrats on NFLX. I got stopped out of this week 340 C a couple of days ago that would have banked today, but such is life.

Old friend JD may be worth a look.....forming nice wedge on the weekly and today saw big buying in long dated July and September 40 calls

Ranger222 said:

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Old friend JD may be worth a look.....forming nice wedge on the weekly and today saw big buying in long dated July and September 40 calls

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I will join you on this!

Comcast bid on Fox Assets is all about Hulu. Disney owned fox gives them controlling interest in Hulu. Comcast bid on Fox Assets gives NBC controlling interest in Hulu. What a battle for the future of tv streaming! If Comcast wins the bid, Disney has to create a new streaming service from scratch instead of coopting Hulu.

You know who may get caught up in this and bought by the loser of the bid? Roku. And they may get turned into a streaming service themselves.

What's everyone's thoughts on entry into CHK?