Box nice pop out of recent wave down. Was this the end of a mini wave? See a lot of stocks with similar pattern.
Ranger222 said:
Thinking we may be setting up here for a move higher......the 279ish area in SPY got tested early this morning and have bounced so far....has held 2x now....I'm taking the risk and loading up on some beaten up names that I plan to hold for a while. Here are a few things I'm seeing --
Really like taking a shot on Micron here.....this is the spot I've ben waiting for to load up again. Bought stock today and like Sept 55 C if you want to play with options. Would add more if it breaks out of wedge
Box has been mentioned quite a bit and its been frustrating, but this could be the opportunity to dip a toe in. I think this company is eventually acquired
Docusign another company that has its own thread on this board....been building in this range and could be ready to go
I missed the boat on the ideal buy in range, but I got in at $4.85 in May and sold my second round of $5.50 covered calls this week. Basis is lowered to $4.40 now. Glad to see the good news today.oldarmy1 said:
SWN beat on net and revenue. That was a surprise to the markets. I read some guy saying to buy tons of Puts as a trade against earnings
Got right in and went right to work on the covered call strategy. You're gonna be a good one!khkman22 said:I missed the boat on the ideal buy in range, but I got in at $4.85 in May and sold my second round of $5.50 covered calls this week. Basis is lowered to $4.40 now. Glad to see the good news today.oldarmy1 said:
SWN beat on net and revenue. That was a surprise to the markets. I read some guy saying to buy tons of Puts as a trade against earnings
You have a new follower. Use it wisely.Ranger222 said:
Shameless plug I started a twitter account a few weeks back where I post charts like the ones I have posted here. I post more often with more names there as it is easier to upload images. You can follow along at
@trades_jk
You can also check out my "following" list on that account and find a lot of the people I read and get ideas from. Maybe it'll help others like it has helped me
Guitarsoup said:You have a new follower. Use it wisely.Ranger222 said:
Shameless plug I started a twitter account a few weeks back where I post charts like the ones I have posted here. I post more often with more names there as it is easier to upload images. You can follow along at
@trades_jk
You can also check out my "following" list on that account and find a lot of the people I read and get ideas from. Maybe it'll help others like it has helped me
gougler08 said:
WMT looks to be breaking up after finally getting past 90 on the third try today, if it holds on Monday then next hurdle is around 94
UpstateAg said:
IQ getting hammered again. Give it a year. It will dominate (says the person who owns more than he cares to admit).
Just sold 2.5 put on RRTS 3 months out. I plan on owning it, and almost bought it outright, but then thought...what would OA do?
Answer: buy a lot, make a lot, and do it better than me.
So your thought here is that if the stock continues to go down, you're ok with taking the $27.50/share and going long on the stock, but if it bounces back up, just take the $1 premium/share and call it a day?oldarmy1 said:UpstateAg said:
IQ getting hammered again. Give it a year. It will dominate (says the person who owns more than he cares to admit).
Just sold 2.5 put on RRTS 3 months out. I plan on owning it, and almost bought it outright, but then thought...what would OA do?
Answer: buy a lot, make a lot, and do it better than me.
I just sold 28.50 August 10 Puts naked on IQ. I'll take shares net $27.50 or the $1k per 10 contracts sold naked if it bounces.
yes. When you sell put options you are collecting premium for the obligation to purchase the shares at that price if the price closes at or below the strike at expiration.gougler08 said:So your thought here is that if the stock continues to go down, you're ok with taking the $27.50/share and going long on the stock, but if it bounces back up, just take the $1/share and call it a day?oldarmy1 said:UpstateAg said:
IQ getting hammered again. Give it a year. It will dominate (says the person who owns more than he cares to admit).
Just sold 2.5 put on RRTS 3 months out. I plan on owning it, and almost bought it outright, but then thought...what would OA do?
Answer: buy a lot, make a lot, and do it better than me.
I just sold 28.50 August 10 Puts naked on IQ. I'll take shares net $27.50 or the $1k per 10 contracts sold naked if it bounces.
Still learning options here and am thinking about dipping my toes in sometime soon
Didn't you buy in at $2.29 area on RRTS?Guitarsoup said:
Break even on BBOX.
RRTS is still kicking my butt, though.
oldarmy1 said:Didn't you buy in at $2.29 area on RRTS?Guitarsoup said:
Break even on BBOX.
RRTS is still kicking my butt, though.