you bought those calls? what price?

Sold all of my SN at 5.01 yesterday. What do you think about getting back in here at 4.80?

Any entry on SN under $5 for longs is good if you ask me.

Thanks OA.

Any thoughts on URI?

Believe you got a bunch of negative feedback. I didn't hear any good things when I asked about them.

Perfect. Sitting on a ton of cash now and am getting antsy.

BBOX making a move

0708aggie said:

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Thanks OA.

Any thoughts on URI?

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Don't follow it.

oldarmy1 said:

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Any entry on SN under $5 for longs is good if you ask me.

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I've been pretty happy with this tidbit of advice.

Looks like RRTS may have support setting up at $2.50

On the macro, good time for a lump sum purchase on a S&P Index/ETF?

59 South said:

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Looks like RRTS may have support setting up at $2.50

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Picked up some RRTS 7/20 $2.5 calls at $0.15

oldarmy1 said:

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BBOX making a move

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So do you think that it's going to go back to .95 to fill that gap?

WestTexAg12 said:

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oldarmy1 said:

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BBOX making a move

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So do you think that it's going to go back to .95 to fill that gap?

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Nope. Its based out and the word is on the streets. Now I imagine their next earnings report will be bad and that could have a pullback but the conference call forward looking statements about the huge deal likely has most ignore current earnings.

Either way 95 cents is gone.

BTW - how about those BBOX buys? Outpacing the S&P on the year after 3 days.

Lol

I sold the remaining half of my aapl calls this morning on the anticipated ugly open. Total gain +80%.

Aapl filled the gap up from Monday but is still holding well above the 50 day. The calls I originally purchased at $1.4 are currently $1.22 for next Friday exp. Chart still looks pretty solid above the 50, so I'll look to buy them back tomorrow morning.

$ZN SEC subpoena? Tanked in after hours trading.

I've been long MU for some time now. Feels like it's due for a breakout but every time trade war news come out it gets pulled back. Feels like this is the only thing keeping it from a $60-70 sp.

59 South said:

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$ZN SEC subpoena? Tanked in after hours trading.

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Well thats just great. And I sold $4 covered calls as my main entrance so it looks like I'll be owning some shares at $3.10 holding price. Will have to see just how much the impact is on a Jun 21 happening that just became public.

oldarmy1 said:

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V


VISA breaking out

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If you traded options on the breakout congrats. I will be closing mine sometime today as it moved over $1.20 after posting it yesterday and is up another $0.80 premarket..

BBOX up another 3%. Don't know what the market makers were doing giving a chance to load up at major support but I thank them greatly!

Ozrk on sale today

Word is the big partner deal for BBOX is with Facebook. Guess we find out on earnings call next week.

leoj said:

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Ozrk on sale today

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It's bringing all the regional banks down as well. I'm not buying OZRK, but I'm adding to several of my current positions.

oldarmy1 said:

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Word is the big partner deal for BBOX is with Facebook. Guess we find out on earnings call next week.

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OA, are you buying options or are you long? If buying options what is your entry?

BBOX is hiring in New Albany, OH.

New facebook data center is in New Albany, OH. hmmmmmm

Which ones?

CADE

Also buying BAC ahead of earnings although it is not a regional.

Thanks, putting it on my watchlist

clobby said:

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BBOX is hiring in New Albany, OH.

New facebook data center is in New Albany, OH. hmmmmmm

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I sold $2.50 naked Puts from $1 down to 80 cents. I accumulated shares from $2.06 down to $1.85 with average holding price of $1.94. If the shares are below $2.50 come August expiration then I'll get all of those shares added and lower my holding price below $1.75. If the shares are above $2.50 then I'll keep all the premium lowering the owned shares around $1.58.

I'm done accumulating and will now just see if we blow past $3 to enact another layer of strategy towards ending up with a net free holding.

tramaro1 said:

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oldarmy1 said:

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Word is the big partner deal for BBOX is with Facebook. Guess we find out on earnings call next week.

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OA, are you buying options or are you long? If buying options what is your entry?

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ooops- see reply above to your question

If you had missed the accumulation period on BBOX and were looking to get in. Options? I am typically a long term investor but just recently started playing the option market. I sold portions of a few winners and have idle cash available again.

You still sell the Augudmst $2.50 strikes above 65 cents. If you end up having to buy the shares at $2.50 your net entry is $1.85!!!

If its above $2.50 you make 65 cents x 100 shares = $65 per Put option.

If you ask me that is one of the best trades in the markets right now.

I just tossed a 20 Put sell at market on those and got filled at 72 cents. Just checking the market and if I end up with a couple 1000 more shares I'll take it!

How would one do this?

Sell to open, Put BBOX Aug 17 2.5 strike?

I've never sold puts before so wanted to follow this trade.

OLED incredible move from 80 continues. Trying to break previous resistance.

Selling covered calls at $100 out to August in portion of shares I'm ready to lock profits in.

BOX looks to be wanting to make a larger move higher. Not to be confused with BBOX.

0708aggie said:

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How would one do this?

Sell to open, Put BBOX Aug 17 2.5 strike?

I've never sold puts before so wanted to follow this trade.

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It's a naked Put. Let's say you sell 10 Puts at $0.70. You get $700 in premium paid and then whoever bought those from you has the option to sell you 1000 shares at $2.50.

If BBOX is under $2.50 and you get assigned the 1000 shares you pay the $2500. But you received $700 in premium so your actual per share holding is now $1.80.

So ask yourself, if I could buy BBOX right now for $1.80 would I think thats a great holding price? There ya go.

Now lets say BBOX is trading at $2.40 at expiration. If that holder is crazy enough to make you buy his shares at $2.50 then you not only own the shares at $1.80 but your shares you now hold are up $600.