Every knee shall bow and every tongue shall confess

That can't be real.

Ok... amateur question:

If I have a stock that doubles in price from when I bought it. Do I sell half of the shares, breaking even, and then let the rest of the shares sit long term? The "doubled" price (at which I would sell) is about 1/4 of the 52-week high.

LADR 5/15 $5C $0.5

Not sure if I should get out and take the winnings or let it ride out. Feel like there will be a retraction on it but a month and a half out has a lot of room to run. Just wish I'd bought more of them.

to reiterate what everyone else said:

Paul Tudor Jones is a hedge fund manager and called the 1987 crash.

He thinks we will be higher in 3-5mos than we are today. He also thinks we retest the lows and possibly lower in April.

Everyone does think we will go lower, me included. If I were you, I would go with the consensus on this. However, we may not retest lows. We may only get to 2250 and then ride up.

Harkrider 93 said:

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to reiterate what everyone else said:

Paul Tudor Jones is a hedge fund manager and called the 1987 crash.

He thinks we will be higher in 3-5mos than we are today. He also thinks we retest the lows and possibly lower in April.

Everyone does think we will go lower, me included. If I were you, I would go with the consensus on this. However, we may not retest lows. We may only get to 2250 and then ride up.

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My personal opinion is that I'll go long on some stuff when we close that gap at SPY 230...may not be a true bottom but I think that's a good entry point

AgEng06 said:

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Ok... amateur question:

If I have a stock that doubles in price from when I bought it. Do I sell half of the shares, breaking even, and then let the rest of the shares sit long term? The "doubled" price (at which I would sell) is about 1/4 of the 52-week high.

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if you bought enough to write calls against half do that then use premium to buy put protection against the entire holding.

They're really trying to keep spx under 2600. Like the great wall of China right now

Ha, I don't know anything about options.

Prognightmare said:

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That can't be real.

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I need to see more than one random lion to believe this story.

Yea - I ****ed up by moving to cash yesterday. Should have waited another day. Oh well.

Touchless said:

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LADR 5/15 $5C $0.5

Not sure if I should get out and take the winnings or let it ride out. Feel like there will be a retraction on it but a month and a half out has a lot of room to run. Just wish I'd bought more of them.

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This is not the environment to be overly greedy in. I left ~$10k on the table selling out of all of my LADR calls, but I look at as I made ~$5k. Cover your costs and take some profits. Leave some for a runner

tamc1956ag said:

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I bought RCL at 32$. good buy?

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I bought at $32 and change the other day. Just got out at just over $48. I will take being up 50% over 3 days!

NCLH did even better. Up 75% over 3 days!

https://www.marketwatch.com/story/stock-markets-historic-bounce-may-signal-near-term-bottom-but-a-retest-of-the-low-like-1987-and-2008-is-still-a-possibility-2020-03-25

This is a good read about what Most of us are expecting around here.

Agzonfire said:

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Bought SDOW at 55 this morning thinking we would have some red days ahead. Theres thinking that the jobs report should bring the market back down, right?

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Bet you wish you had a redo.

Barty said:

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I wasn't ready for today's big run up. Can we have a do-over?

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Amen

Bought UDOW at open and rolled into SPXS just now....don't see how this rally is sustained next week unless COVID is solved.

And of course BA Aug puts.

Ok, need some input -

I'm sitting on a 248 x 258 SPY strangle, expiring tomorrow. The 258C are in the money, but the 248P are out of the money further than the calls are in the money. Options as I see them:

1. Close out the call for a slight profit, let the put ride to see if we swing the other way the second half of the day today / tomorrow morning.

2. Let them both ride, hoping for more run up today / tomorrow morning to put the call further in the money before closing out the whole position.

3. Close them both out now for a ~20% loss on the thought that time decay is going to kill me with expiry tomorrow and I'd be cutting losses.

What're everybody's thoughts? I'm kinda leaning towards #1, but I figured I'd ask since I'm still learning.

LADR up 165%

I sold my 1,000 today at 6.55. Was in at 4.97. Should have stayed...

IrishTxAggie said:

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Touchless said:

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LADR 5/15 $5C $0.5

Not sure if I should get out and take the winnings or let it ride out. Feel like there will be a retraction on it but a month and a half out has a lot of room to run. Just wish I'd bought more of them.

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This is not the environment to be overly greedy in. I left ~$10k on the table selling out of all of my LADR calls, but I look at as I made ~$5k. Cover your costs and take some profits. Leave some for a runner

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Sold 3 of the 5. Holding the other 2 until it either gets to $12, or drops back down to $7

Educate me on SDOW, specifically why not buy it at 46.80ish and sell an April covered call for 8.50?

Texags B&I called it and I was wrong the bottom has been set and it's a clear bottom so BUY BUY BUY !!!
-Lee Corso

AgOutsideAustin said:

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Texags B&I called it and I was wrong the bottom has been set and it's a clear bottom so BUY BUY BUY !!!
-Lee Corso

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