TheBiggerEvent said:

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Those AAPL 6/19 300C up to $8 - anyone holding through earnings?

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I'm debating it. Watching this very closely. They already predicted a pretty good hit, but I think the new SE should be helping more than expected. If I can get a decent return on this before earnings, though, I'm out.

Prognightmare said:

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AgEng06 said:

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Ok guys, I need some guidance. Since I started this a month or so ago, my account is up around 30% overall. I feel like I should try to lock in some of that profit by setting some stop points to sell some long positions, with the assumption that if the price drops I should be able to buy back in at that price (or lower).

Is this the best way to handle it? Any other suggestions/recommendations?

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It's never a wrong decision to book profits, period.

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This. Sell and enjoy! I am kicking myself for inexperience/quick trigger sells on a few stocks, like COF, ERI, and SPG recently. I'll kick myself earning 20-30% returns vs 30-40% returns every day of my life.

Good news is that you can always get back in after you sell it.

Sold out of that FB option with a 200% gain. Thanks for the tip OA, on to the next

Talk to me like I'm five...

What's the best way to take that profit? Sell off shares of whatever stocks to get back to my original balance, then transfer that profit out of my account? Let it sit as cash? Re-invest in other stocks?

What if I want to hold long positions in the companies?

Are targets around 7.80? Or higher? For RUBI

May 15 RUBI calls $0.40 starting to become attractive

zwhag2010 said:

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Are targets around 7.80? Or higher? For RUBI

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I have Sept $10 calls to go along with a bunch of shares. We hit $7.50 and I sell $7.50 covered calls out to June on a good portion. Goal is to achieve $10+ on shares and then exit letting the Sept calls become only exposure.

Yes. I've got a used Civic bet placed on AAPL with this.

AgEng06 said:

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Talk to me like I'm five...

What's the best way to take that profit? Sell off shares of whatever stocks to get back to my original balance, then transfer that profit out of my account? Let it sit as cash? Re-invest in other stocks?

What if I want to hold long positions in the companies?

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Sell now, let it be and then be ready when the charts of stocks you like show better entry points, profit.

oldarmy1 said:

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May 15 RUBI calls $0.40 starting to become attractive

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$7.50 strike?

spud1910 said:

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oldarmy1 said:

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May 15 RUBI calls $0.40 starting to become attractive

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$7.50 strike?

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Yes, $7.50

AgEng06 said:

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Talk to me like I'm five...

What's the best way to take that profit? Sell off shares of whatever stocks to get back to my original balance, then transfer that profit out of my account? Let it sit as cash? Re-invest in other stocks?

What if I want to hold long positions in the companies?

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Depends on the amount invested, but two common strategies would be:
1) sell enough shares that equal the profit you've made... thus you've taken those chips off the table.
2) sell enough shares that equal your original cost/basis... thus your "capital" is no longer exposed and you've got free money out there.

In either case, the cash you now hold can be deployed however you see fit or into whatever strategy you have. Whether that's reinvested elsewhere, save in cash, or spend.

If you want to hold long positions in these companies anyways, continuing to hold the shares (and not sell) is also a perfectly reasonable strategy.

Sold this morning... mostly to offset those AMD calls

Gotcha. Thanks for that clarification

Every knee shall bow and every tongue shall confess

RCL up from $34 to $47 in the past week, I'm both happy and ashamed I'm finally back above my break even point now

Every knee shall bow and every tongue shall confess

If you could only buy one right now, SDC or RUBI?

E said:

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spud1910 said:

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oldarmy1 said:

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May 15 RUBI calls $0.40 starting to become attractive

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$7.50 strike?

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Yes, $7.50

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I bought 2 this morning for first ever option trade. Immediately placed a limit for 1 at $1 to cover the cost. Feel like I may have just taken a first taste of crack.

3month VWAP:

MIK, ERI, DFS, COP have crossed it.
GPS, JWN, RUBI, SDC, KMI are flirting with that level.

Hoping that is a sign of some big breakthroughs and gaps coming!

BB675 said:

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If you could only buy one right now, SDC or RUBI?

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RUBI

S&P at 61.8% retracement.

Thoughts on TOPS as a long play for oil demand increasing later this year (and this more shipping business)? It's pretty beat up right now but their financials look strong.

Sometimes when looking at the Option Chain at dates I see, for example, May 15 and then May 15 (adjusted). What does this mean? The values can be substantially different.

Remdisivir study to be released at White house event??? This means great news and Trump wants it to be his news.

Every knee shall bow and every tongue shall confess

McInnis 03 said:

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Remdisivir study to be released at White house event??? This means great news and Trump wants it to be his news.

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press release on that? I am buying the news

AgShaun00 said:

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McInnis 03 said:

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Remdisivir study to be released at White house event??? This means great news and Trump wants it to be his news.

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press release on that? I am buying the news

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Explains all the HTZ puts I've seen.

Went ahead and sold some SDC May 1 $8 covered calls to try and pocket a small premium before earnings