Guitarsoup said:

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oldarmy1 said:

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BBOX moved above $1.50

Last $1.55

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$1.60

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Earnings on August 20th.

They issued a 10-k request for delaying some accounting. That could be good or bad. On the form they indicate nothing in relation to that changes previously reported numbers. It also is possible the extra time is needed to finalize the sell of the government unit.

Obviously the early action is taking a positive view of this...

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? o
No

oldarmy1 said:

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AIG, MS, GS, JPM look to be basing out. Interesting for weekly calls just above current levels.

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Weekly calls paid off. GS popped $2.40 in the money so I sold it. Holding the rest. AIG only one not participating yet.

gougler08 said:

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Looks like the put options I bought on JD from yesterday could be good prior to earnings on Thursday at this pace

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Dealers choice. JD found intraday support for now. You can close out the Put banking the gains, you can hold it if makes you sleep better or you can roll it out for additional time to make sure the GOOG news about breaking the China code for entry doesn't further erode JD.

oldarmy1 said:

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gougler08 said:

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Looks like the put options I bought on JD from yesterday could be good prior to earnings on Thursday at this pace

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Dealers choice. JD found intraday support for now. You can close out the Put banking the gains, you can hold it if makes you sleep better or you can roll it out for additional time to make sure the GOOG news about breaking the China code for entry doesn't further erode JD.

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My strike price was at 32.5, so still has to come down some more for it to play (assuming I understand it correctly, I'm still new at this).

If earnings are bad and/or the GOOG news hurts JD more, then it will be in the money in a couple days and I'd probably sell to close it to at least help offset the hurt on my long term holding for JD

DBX from down over $1.40 to down $0.44. That looks like a pure reversal coming. Would need to push closer to yesterday close above $29.

Wondering if anyone has an opinion on how far out is the best option for selling covered calls? One month? Three months? Six months?

UpstateAg said:

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Wondering if anyone has an opinion on how far out is the best option for selling covered calls? One month? Three months? Six months?

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I usually go out 1 month. Then make a decision to roll it or end it opening a new one at the appropriate time.

This would be quite a fake out move on the S&P coming all the way to previous 2 days highs. It could still be just that which is why I was/am quick to take profits on those financial anticipated pops.

If any continuation on S&P occurs there is a matza-ball gap to fill at 2852 area. Last 2 days have found no buyers just above current marks so profit takers will be moving out right now and will have to see if buyers show up.

oldarmy1 said:

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DBX from down over $1.40 to down $0.44. That looks like a pure reversal coming. Would need to push closer to yesterday close above $29.

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And there comes the explosion move above $29. This is the kind of chart you look for when waiting to enter a dropping stock. Super clear v bottom intraday with big volume bars.

oldarmy1 said:

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oldarmy1 said:

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DBX from down over $1.40 to down $0.44. That looks like a pure reversal coming. Would need to push closer to yesterday close above $29.

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And there comes the explosion move above $29. This is the kind of chart you look for when waiting to enter a dropping stock. Super clear v bottom intraday with big volume bars.

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yep

MCHP is flushing the last remaining sellers out. I see a reversal this week or early next week.

Prognightmare said:

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oldarmy1 said:

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oldarmy1 said:

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DBX from down over $1.40 to down $0.44. That looks like a pure reversal coming. Would need to push closer to yesterday close above $29.

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And there comes the explosion move above $29. This is the kind of chart you look for when waiting to enter a dropping stock. Super clear v bottom intraday with big volume bars.

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yep

MCHP is flushing the last remaining sellers out. I see a reversal this week or early next week.

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Fortunately I sold 50% of my MCHP options on the initial bounce to have a net free options position. I rolled out a week at a higher call with remaining. Need a recovery by next Tuesday to have a big gain.

oldarmy1 said:

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gougler08 said:

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Looks like the put options I bought on JD from yesterday could be good prior to earnings on Thursday at this pace

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Dealers choice. JD found intraday support for now. You can close out the Put banking the gains, you can hold it if makes you sleep better or you can roll it out for additional time to make sure the GOOG news about breaking the China code for entry doesn't further erode JD.

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JD intraday support seems to be failing

So much for finding support on JD.

JD strong volume finally came in. Watxh to see of it can move back above $33.70.

OLED up another $2.70 to $120.35

Aggie09Derek said:

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OLED up another $2.70 to $120.35

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We nailed that sucker on Leaps.

BTW Good tine to buy JD $50 Leaps out to 2020 around $2. Instead of tying up bunch of capital for $200 per 100 shares you get paid if it becomes a big winner and have a max $1k loss for every 1000 shares (10 options).

I nabbed some between $1.85-$.2.01

Guitarsoup said:

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oldarmy1 said:

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BBOX moved above $1.50

Last $1.55

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$1.60

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$1.62 x $1.63

Unlike RRTS this one can run to the moon if it wants. No options on it.

In at 1.94.

Rejection on S&P high as it approached last 2 days high. Markets need something to rally on.

Ok so random question, I purchased a put option for JD w/ a strike price at $32.50 with expiration of Aug 17th. If it continues to go down and/or tanks on Thursday during earnings, what do I actually do with that to exercise the option (I use Fidelity).

I selected buy to open as my action when purchasing the put and the premium has been debited from my account...but how do I actually do anything with it if/when it goes beneath the strike price?

UpstateAg said:

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In at 1.94.

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I like it!

Short interest decreased in July for BBOX. 2 days squeeze basically available of it takes off. That would likely push us close to $1.90 area.

It's the government unit sell I'm looking forward to. $2.50 easy the day that gets announced IMO. I should say "if" they secure a buyer.

https://www.watchlistnews.com/short-interest-in-black-box-co-bbox-declines-by-28-9/2386905.html/amp?__twitter_impression=true

gougler08 said:

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Ok so random question, I purchased a put option for JD w/ a strike price at $32.50 with expiration of Aug 17th. If it continues to go down and/or tanks on Thursday during earnings, what do I actually do with that to exercise the option (I use Fidelity).

I selected buy to open as my action when purchasing the put and the premium has been debited from my account...but how do I actually do anything with it if/when it goes beneath the strike price?

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Call Fidelity and know exactly what you need to do just in case.

oldarmy1 said:

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Ragoo said:

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Looks like I will be called out on 400 shares of roku @$55. Still holding 1200. It's been a good week.

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Awesome! Yes it was a big week and now virtually bulletproof into next week. Looking for swing trade entries. If we wave on down Monday thats fine.

I also decided to add to BBOX long term holdings. That's me sitting at the bid after hours as well.

I added several lots today and have another 20% to buy. I might wait and risk catching it on the breakout above $1.55. Reason being if the sale of their government unit doesn't close by months end there will almost assuredly be some selloff.

If it closes you will know it before the news breaks by stock action.

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$1.72

What makes it even better is that i got almost all that 20% additional buys in sitting at $1.45.

Now to remind everyone, I said I would be selling some between $1.70-$1.75. I just did 10k shares. Will wait to see response before continuing.

For newbies asking why would sell any here if I see this going big long term its because I over purchase shares during large accumulation and use this type of move to lower my average share price for my core long term holdings.

I see I enticed a 40k share seller...amateur!

Almost making up for RRTS dropping below $2

Guitarsoup said:

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Almost making up for RRTS dropping below $2

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I think RRTS will be great long term. Post earnings it could sink some until the brokerages resume buying.

oldarmy1 said:

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gougler08 said:

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Ok so random question, I purchased a put option for JD w/ a strike price at $32.50 with expiration of Aug 17th. If it continues to go down and/or tanks on Thursday during earnings, what do I actually do with that to exercise the option (I use Fidelity).

I selected buy to open as my action when purchasing the put and the premium has been debited from my account...but how do I actually do anything with it if/when it goes beneath the strike price?

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Call Fidelity and know exactly what you need to do just in case.

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Basically I have to call them to exercise anything (which is so stupid), but will work for now

oldarmy1 said:

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I bought OCX. Liquid biopsy screening. That just sounds right.

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Anyone else buy OCX? It's moved up 11% from entry and earnings are after the bell.

Unfortunately it has no options or else I would sell $2.50 covered calls against half to juice out a sell of half or protect me if earnings take it down.

In at $1.91. Let's ride!

Switched to selling 5k instead of 10 to see of buyer pushes to new high above $1.72.

gougler08 said:

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oldarmy1 said:

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gougler08 said:

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Ok so random question, I purchased a put option for JD w/ a strike price at $32.50 with expiration of Aug 17th. If it continues to go down and/or tanks on Thursday during earnings, what do I actually do with that to exercise the option (I use Fidelity).

I selected buy to open as my action when purchasing the put and the premium has been debited from my account...but how do I actually do anything with it if/when it goes beneath the strike price?

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Call Fidelity and know exactly what you need to do just in case.

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Basically I have to call them to exercise anything (which is so stupid), but will work for now

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you can "reverse" the buy to open with a sell to close order. Or you can exercise the option and sell shares at 32.50. Or you can let it expire and do nothing.

A $32.50 Put is at 57 cents. If JD has bottomed that will decay to zero in 3.2 days. I woukd sell that Put and then sell if JD goes 57 cents lower.

oldarmy1 said:

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A $32.50 Put is at 57 cents. If JD has bottomed that will decay to zero in 3.2 days. I woukd sell that Put and then sell if JD goes 57 cents lower.

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agree

In the future think of that Put as protecting your holdings but also as a profit hedge offset.

When the value of the Put rises to where the net between it and the current stock price overlap I tend to move out of the Put.

Using that $32.50 as an example. When JD approached $33 that option was above $90. If you paid around $30 cents then you had 60 cents per share profit. You sell it there and then you place a stop 60 cents below the $33 or $32.40 because you lowered your holding shares by 60 cents.

Does that make sense?