G Money said:

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Where is everybody today?

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Going to lose a bunch on money on WOOD and SLV today I expect

3 min to ding ding ding.

Headed to Charlotte. No trading for me today.

IrishTxAggie said:

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Headed to Charlotte. No trading for me today.

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i was recruiting aggies yesterday and probably the first time in years i didn't get on texags at all.

great call on FSLY Ranger, already up 5% on buying that dip last night!

Can anyone explain to me why these Tastytrade guys like Tom would rather Sell a Put than to Buy a Call on something that they're taking a bullish spot on?

DBX model T set up is around 21-21.20 which was previous resistance. Looking for a flash on 21 for a trade.

Bloody start here this morning.

I bought the 2/24 SPY $333 puts for $1.10 for a hedge.

Need AAPL to drop a few more ticks then I may jump on some 320c

28 Feb ROKU calls bout at $6 now at 0.46. I love options.

St. Louis Fed guy was on this morning saying that he thinks Coronavirus fears are temporary, thus the Fed may not cut additional rates. Down goes the stock market.

Was anyone really expecting a cut?? I didn't even think that was in play

tailgatetimer10 said:

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Was anyone really expecting a cut?? I didn't even think that was in play

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All the talking heads on CNBC were saying one more rate cut was being priced in for 2020.I guess who really knows though...

McInnis 03 said:

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Can anyone explain to me why these Tastytrade guys like Tom would rather Sell a Put than to Buy a Call on something that they're taking a bullish spot on?

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they like to be sellers of premium. They want to pocket the decay and probability that the option will not close ITM.

Ragoo said:

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McInnis 03 said:

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Can anyone explain to me why these Tastytrade guys like Tom would rather Sell a Put than to Buy a Call on something that they're taking a bullish spot on?

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they like to be sellers of premium. They want to pocket the decay and probability that the option will not close ITM.

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This. They buy low IV and sell high IV.

Thanks y'all, I appreciate it.

This is something I "think" I've just figured out (and I feel like OA has been trying to teach us for a long time).

Why would you ever directly buy shares of a company, when you can sell puts every week or couple of weeks (with a strike at the price you'd be happy to pay for the underlying), if you get assigned no problem, you now own the stock that you were going to buy anyway, if not, no problem, sell more puts, collect more premium.

When you want to sell a stock, sell calls with a strike at whatever price you'd be happy to sell it for, collect premium and price when you get exercised.

I guess the exception to this is dividend stocks, and stocks you expect explosive growth from eventually, and you don't want to miss out on that growth by having your shares assigned

is today's recession over?

WDC

Pignorant said:

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WDC

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It's testing my resolve.

Seeing fintwits saying AAPL needs a pullback to the 300 level. If that happens won't it take the market with it?

boyz05 said:

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Seeing fintwits saying AAPL needs a pullback to the 300 level. If that happens won't it take the market with it?

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The PMI showed the economy contracting for the first time in years this morning. If people start using the "R" word (recession) then this market will correct and AAPL will hit 300 or lower. JMO

Gild running

GILD making a move

WDC has a whole month.

Prognightmare said:

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GILD making a move

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Lol. Think it will run past $75 by the end of the day? That would sure be nice!

My 72.5 calls expire today so a miracle would be nice

Gild going off the chain

Great i sold my GILD on Wednesday

10:49 am ET
*Gilead Sciences Option Alert: Mar 20 $65 Calls Sweep (2) near the Ask: 1014 @ $4.5 vs 8617 OI; Ref=$68.6795
Benzinga
10:45 am ET
*Gilead Sciences Option Alert: Mar 20 $70 Calls Sweep (3) near the Ask: 500 @ $1.861 vs 14420 OI; Ref=$68.63

Did me a little shopping this morning, got RIG at $4.15.

I know none of you are on that one, but it tends to move around for some swing trades at times.

I doubled calls down here. Shooting for 2 as my first take profit.

UpstateAg said:

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I doubled calls down here. Shooting for 2 as my first take profit.

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WDC?