If you loaded shares of JD under $30.20 I took some off at $30.95. I mainly went sept $32 calls and a cheap $30.50 weekly expiring today.
It's at 45.60 in premarket...maybe I won't sell those covered calls just yet and see where it goes this morningoldarmy1 said:Tomorrow looks like resumption of trend unless this drone shootdown dusts up into something more than accepted retaliation. I think you are correct and would use any push above to take advantage of the premium for a $45 covered call out 2 weeks. Then if it fails back below $45 you'll know you caught the consolidation top.gougler08 said:
Thoughts on selling MU covered calls up here? Not sure it can get through $45 in the short term
gougler08 said:It's at 45.60 in premarket...maybe I won't sell those covered calls just yet and see where it goes this morningoldarmy1 said:Tomorrow looks like resumption of trend unless this drone shootdown dusts up into something more than accepted retaliation. I think you are correct and would use any push above to take advantage of the premium for a $45 covered call out 2 weeks. Then if it fails back below $45 you'll know you caught the consolidation top.gougler08 said:
Thoughts on selling MU covered calls up here? Not sure it can get through $45 in the short term
SOOOOOO What did you decide to do with MU???oldarmy1 said:gougler08 said:It's at 45.60 in premarket...maybe I won't sell those covered calls just yet and see where it goes this morningoldarmy1 said:Tomorrow looks like resumption of trend unless this drone shootdown dusts up into something more than accepted retaliation. I think you are correct and would use any push above to take advantage of the premium for a $45 covered call out 2 weeks. Then if it fails back below $45 you'll know you caught the consolidation top.gougler08 said:
Thoughts on selling MU covered calls up here? Not sure it can get through $45 in the short term
You could always sell the covered calls of it sinks back under, setting up more of a confirmed resistance. I like selling premium into pops. Move up a dollar if you think continuation is happening.
With market action I would have been selling covered calls into that opening and be satisfied if it rises, being up so much already.....but when it drops a dollar that fast I'd buy back 50% of those covered calls making a nice gain and if it rises anywhere close place them again.gougler08 said:
Worked through the opening so holding a bit now...stupid work getting in the way
I had sold some 31.5 puts last week and was expecting to get assigned those shares...that may not happen if it keeps runningoldarmy1 said:
Let's go JD!
oldarmy1 said:
Come on JNPR...ENGAGE!!!
If this move is some bottom capitulation then great but you're only gaining 60-70 cents if it hangs here....and if it continues to drop you lose that. I'd prefer to see it above $33 and THEN lay on the $35 callsgougler08 said:
I know some of you guys like WORK...thoughts on selling Aug 16 35 puts, premium is at $3.40 for an entry point?
gougler08 said:
Hey SPX...you closed that gap, you can go ahead and wake up now
Earnings are scheduled for next Thursday. Let's wait and see what the numbers are.Aggie_2463 said:
What's the feel for CX. I bought in the $4 range, but it's been slowly falling the last few months.
MSFTBREwmaster said:
MSFT over IBM if I want to go long in one vs the other?