La Bamba said:
I do wonder if the second "stimulus" is actually that infrastructure bill sprinkled with more covid relief help.
Interesting. Thanks. They really force you to sell the stock if the stock price is above the strike price? I would think they'd only do that if the option you issue is called out. I'm on TDA, so not sure if it's the same or not.gougler08 said:Touchless said:Another quick question on this. If I sell to open a call option, in the event it is exercised at some point, is my account automatically debited those shares or what happens exactly on my end to fulfill that obligation? I submitted 2 sell to open call options for IOVA and I hope they expire worthless if someone picks them up, but want to know what to expect in case it's called out.McInnis 03 said:If you already own 100 shares of something, just do a single order "Sell to open" a contract on the underlying. TDA's "covered call" is confusing if you haven't done it before.Touchless said:
Can someone help me understand how to issue covered calls? I haven't done it before and I want to make sure I enter one correctly if I ever do it. Below is a screenshot of one I could do for LEN.
Obviously select Covered Call and then I assume I select Sell since I own the shares already. I can do 100 or 200 shares since I own 217 which defaults to 1 or 2 contracts. I do Buy to Open?? And then enter whatever date and strike price I want. I would then receive the premium listed in the box I'm guessing, but there is also an "estimated amount" below that is throwing me off. That calcs out to me selling all 200 shares for the current share price (which I obviously don't want to do) instead of the strike price so this is why I think I'm doing something wrong here.
Any advice would be greatly appreciated. TIA.
On fidelity, if you are called out or the stock price is above your strike price at the final day of the period, then it automatically sells the stocks to cover your obligation (normally actually executes on Saturday for whatever reason)
So I've seen mine executed one time where the stock price was over the strike on like a Wednesday and I guess the owner of the call executed it and so I sold the shares before the end date.Touchless said:Interesting. Thanks. They really force you to sell the stock if the stock price is above the strike price? I would think they'd only do that if the option you issue is called out. I'm on TDA, so not sure if it's the same or not.gougler08 said:Touchless said:Another quick question on this. If I sell to open a call option, in the event it is exercised at some point, is my account automatically debited those shares or what happens exactly on my end to fulfill that obligation? I submitted 2 sell to open call options for IOVA and I hope they expire worthless if someone picks them up, but want to know what to expect in case it's called out.McInnis 03 said:If you already own 100 shares of something, just do a single order "Sell to open" a contract on the underlying. TDA's "covered call" is confusing if you haven't done it before.Touchless said:
Can someone help me understand how to issue covered calls? I haven't done it before and I want to make sure I enter one correctly if I ever do it. Below is a screenshot of one I could do for LEN.
Obviously select Covered Call and then I assume I select Sell since I own the shares already. I can do 100 or 200 shares since I own 217 which defaults to 1 or 2 contracts. I do Buy to Open?? And then enter whatever date and strike price I want. I would then receive the premium listed in the box I'm guessing, but there is also an "estimated amount" below that is throwing me off. That calcs out to me selling all 200 shares for the current share price (which I obviously don't want to do) instead of the strike price so this is why I think I'm doing something wrong here.
Any advice would be greatly appreciated. TIA.
On fidelity, if you are called out or the stock price is above your strike price at the final day of the period, then it automatically sells the stocks to cover your obligation (normally actually executes on Saturday for whatever reason)
Boat Shoes said:
Loading up on WYNN at $50?
Sold 4/17 $45p on Wednesday. I was going to buy in at 50 anyways, so I would gladly take it at 45 if it hits.Boat Shoes said:
Loading up on WYNN at $50?
Ive definitely had some good times at the WYNN.tam2002 said:Boat Shoes said:
Loading up on WYNN at $50?
I have a bunch now and have a order set at 48 to fill. I feel better about Wynn than any other Vegas property
oldarmy1 said:
ONTX volume. Loaded up
I am afraid to touch it, but I want it.tam2002 said:
Are we buying LADR when it gets in the 2s?
MSFT 4/9 165C have been getting hit up all morningshiphunt said:
Anybody got any ideas for a cheap hail Mary gamble going into the weekend?
AnyOtherName said:I am afraid to touch it, but I want it.tam2002 said:
Are we buying LADR when it gets in the 2s?
also another at $11, then 2 more at $5. Lol...NRD09 said:I'm in for one 4/9 15c at $30. let's do thisBREwmaster said:it is still being shorted, so chill. Grab a beer, stay a while. It will rebound today, but I bet it starts tomorrow if not Monday.AnyOtherName said:
What the flip is LK doing the last 30 minutes today? Why is $14-15 a number everyone is throwing around even on twitter?