FEYE moving

Not if markets continue upward.

$20 rule on TSLA. Covered half at $525 while I was away. Thank you Lord!

oldarmy1 said:

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Not if markets continue upward.

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Gotcha, I was eyeing 40 calls out a couple weeks if it dipped back down around 39.50. Looks like that isn't likely now.

Watching JPM for a potential retrace to around 139. 145c out a month for about .70.

Just now reading the thread today, guess I missed some SDC action

Bought some shares at 11.81, hope I didn't miss it
To much

Picked up some JD 2/21 $43c for $0.65.

Just wanted to say thanks again for all the incredible free info, training, hints, and advice, but even more than that a fun online community to participate in.

I am as GREEN as grass when it comes to investing, trading, and especially options.

While my stock portfolio could use some love (moving in right direction last 6 months), my options portfolio is up 115%, which has made this learning process fun, and makes me want to continue improving...

Anyway, any and all learning and successes are from you guys, and I appreciate that greatly

I hope to one day contribute and be helpful as well!

Hey OA,

Your thread followers are growing. What game next fall are we all meeting at your tailgate?

We're somewhat of a cult now, so don't serve Kool-aid.

RE: NIO

Is the play still to sell a $4.00 covered call at $3.82 to net $4.40? How far out are you selling that covered call?

Watching AMZN like a hawk for 1853 gap fill where I'd look to enter some calls. I have some extra to play with after ridiculous options gains from the 1740 to 1900 jump. The tricky part is earnings in a couple weeks so premiums are high starting 1/31 or after. I'd love the flash down to 1850 to enter 1/24 1900 calls.

Put in a couple buys... 2 minutes later a huge drop across the board. My luck

https://www.bloomberg.com/news/articles/2020-01-14/china-tariffs-to-stay-put-until-after-u-s-election-despite-deal-k5e80j8k

Report that China tariffs will stay in place until after election.

Trolley Problems said:

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RE: NIO

Is the play still to sell a $4.00 covered call at $3.82 to net $4.40? How far out are you selling that covered call?

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That $3.82 was known to be reached. That it hit it exactly is just stupid luck, but frankly we've been lucky on a ton of entry exits recently. Markets have some consolidation that hit but didn't impact NIO much yet. The premiums are only up to 37 cents and that's at the ask so a decision to hold or take the easy profits.

Just know that if it does press on to hit $4 it likely doesn't stop. Maybe sell out and convert 25% of profits on a Feb 14 $3.50 call? Use the premium against them.

If you don't have your SPY Puts, ES Puts, SPXS calls or other hedges better get them in place. One of these moves will eventually see a bottom drop out for a larger consolidation.

Quote:

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ZIOPHARM Oncology Option Alert: Jul 17 $6 Calls Sweep (2) near the Ask: 20000 @ $1.2 vs 57 OI; Earnings 3/3 After Close

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oldarmy1 said:

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Trolley Problems said:

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RE: NIO

Is the play still to sell a $4.00 covered call at $3.82 to net $4.40? How far out are you selling that covered call?

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That $3.82 was known to be reached. That it hit it exactly is just stupid luck, but frankly we've been lucky on a ton of entry exits recently. Markets have some consolidation that hit but didn't impact NIO much yet. The premiums are only up to 37 cents and that's at the ask so a decision to hold or take the easy profits.

Just know that if it does press on to hit $4 it likely doesn't stop. Maybe sell out and convert 25% of profits on a Feb 14 $3.50 call? Use the premium against them.

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Thanks OA.

I wondered what happened. Talk about stopping a lot of momentum

59 South said:

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Watching AMZN like a hawk for 1853 gap fill where I'd look to enter some calls. I have some extra to play with after ridiculous options gains from the 1740 to 1900 jump. The tricky part is earnings in a couple weeks so premiums are high starting 1/31 or after. I'd love the flash down to 1850 to enter 1/24 1900 calls.

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I am still learning a lot, so can you explain how you can tell where the gap fills? What is an indicator for that?

mrad85 said:

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I wondered what happened. Talk about stopping a lot of momentum

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It's coming back. Model T achieved from day high to the V bottom off the selling. Now its time to see what it can show us.

Aggiesincebirth said:

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59 South said:

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Watching AMZN like a hawk for 1853 gap fill where I'd look to enter some calls. I have some extra to play with after ridiculous options gains from the 1740 to 1900 jump. The tricky part is earnings in a couple weeks so premiums are high starting 1/31 or after. I'd love the flash down to 1850 to enter 1/24 1900 calls.

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I am still learning a lot, so can you explain how you can tell where the gap fills? What is an indicator for that?

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Using intraday on AMZN. Gap up or down means a seller or buyer came in hard creating a gap in the chart. Gaps tend to get filled. The first one with left and right arrows show the gap formed and rebound to fill it. There is also that one gap that didn't get filled and shouldn't unless this market doesn't rebound like it looks it is now.

Jan 15 SPY put for 38 cents my choice

oldarmy1 said:

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Jan 15 SPY put for 38 cents my choice

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52 now wave coming to send them back down again.

They hit a high of 57. See how not much selling sends premium spiking? That is what you look for on your hedges.

SPXS Feb 21 $13 Calls $0.40 or better on those.

Thanks! Picked up at .42

Talon2DSO said:

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Thanks! Picked up at .42

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62 cents now

67 now......kinda makes you wish for a sell off doesn't it?

When you get a cup formed on your SPY puts it's worth noting.

oldarmy1 said:

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Jan 15 SPY put for 38 cents my choice

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I went out to Jan 21 323 strike. Do you normally hedge closer to the money than that?

IrishTxAggie said:

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IrishTxAggie said:

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TEUM getting some love!

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Up over 20% since I posted this

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45%

leoj said:

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oldarmy1 said:

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Jan 15 SPY put for 38 cents my choice

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I went out to Jan 21 323 strike. Do you normally hedge closer to the money than that?

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I do but if you went out that far its a hedge against a correction, which isn't a bad move either. I do both but the close hedge I use for when I spot the selling volume like today. And the goal is to double and get my hedge money back out for a net free hedge. If your number starts to come into play DO NOT SELL IT because its gonna rock.

That is a bearish harami on the S&P if closes here.