JLW2016 said:

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Looking at any oil company right now I'd be looking at the balance sheet to make a decision. XOM typically has the strongest balance sheet of any of the majors. That being said look at any of the majors and see the similarity in their performance and it doesn't really matter which one you buy, just personally would go with strongest balance sheet as the indicator of the "safest" one, but I think they will all be fine.

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I've taken a position for some longer term holds by splitting between XOM, CVX and RDS. I think they should all be fine long term.

oldarmy1 said:

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FLDM major volume alert

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Working with the US Military on SARS-COV-2 test that can detect before you're contagious.

GILD rocketship again.

U.S. PRES. DONALD TRUMP SAYS GILEAD HAS EMERGENCY USE AUTHORIZATION FROM FDA

Over the weekend?

What spread would you target?

I'm sittin' on 285C/280P.

AgShaun00 said:

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U.S. PRES. DONALD TRUMP SAYS GILEAD HAS EMERGENCY USE AUTHORIZATION FROM FDA

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Gilead is the stock that cried wolf. I'm not going to believe them anymore when they actually have a treatment/cure/vaccine.

Maximus_Meridius said:

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I'm sittin' on 285C/280P.

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Same here.

But next time you will be right!

Well, unless something changes this coming week, this may be it for me and options. Told myself if I took that portion down to zero I'd be done, so I'll have to honor it, but it's NOT looking good.

McInnis 03 said:

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Well, unless something changes this coming week, this may be it for me and options. Told myself if I took that portion down to zero I'd be done, so I'll have to honor it, but it's NOT looking good.

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what kind of expirations are you buying? few days, longer?

Are they typically ITM, ATM, OTM?

McInnis 03 said:

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Elon going full on Andy Warhol. When does he start painting?

Anywyas, what's the SPY hedge for the weekend? Wednesday 275p's?

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Quarantine gets to the best of us...he'll sober back up eventually. Wonder if Joe Rogans been fedexing him care packages?

I'm holding some Tesla calls over the weekend. Because why the hell not?

UpstateAg said:

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I'm holding some Tesla calls over the weekend. Because why the hell not?

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because youre a glutton for punishment

I'm taking my profits from this week and doing the Costanza model. Basically, I do the opposite of common sense.

UpstateAg said:

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I'm taking my profits from this week and doing the Costanza model. Basically, I do the opposite of common sense.

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There is nothing common about common sense...

12thMan86 said:

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McInnis 03 said:

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Well, unless something changes this coming week, this may be it for me and options. Told myself if I took that portion down to zero I'd be done, so I'll have to honor it, but it's NOT looking good.

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what kind of expirations are you buying? few days, longer?

Are they typically ITM, ATM, OTM?

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I'm sporadic and obviously terrible at what I do. They're ITM, ATM, OTM, Today, Monday, Next Friday, 10 Friday's for now.

Sometimes you're just bad at something and I have trouble accepting that about myself. This may be one of those things.

how much you lose, and in what amount of time?
and more importantly, how much were you up to?

Quote:

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Sometimes you're just bad at something and I have trouble accepting that about myself. This may be one of those things.

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also most things take practice and discipline. learn from your mistakes and regroup. Try something different, play a little tighter. I've been playing this stuff for just under a year now and I'm gonna say learning about options (not just yoloing otm calls for earnings but actually starting to figure out how they work) is probably the most valuable thing I've set my mind to in the last several years (even though it's cost me quite a bit of money)

IrishTxAggie said:

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Next time I say I'm playing lottos, please someone punch me in the ****ing face and knock me the **** out so I don't stray from my plan and gamble instead of trade...

Gonna go kill a bottle of bourbon now...

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I'm right there with you. My actual investments have been killing it, but my lotto investments - A.K.A. stock gambling - have looked like a drunken Cleveland Browns fan. I plan to kill a 6-pack and then punish the wife later on.

Every knee shall bow and every tongue shall confess

Cheers to the weekend - may next week be full of net free options and more learning for the board

PoopyPullup said:

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how much you lose, and in what amount of time?
and more importantly, how much were you up to?

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Lost enough, and I started right before we hit the ATH on SPY so this entire event has been a painful learning one.

My open long positions currently for options:

SPY276P 5/6 (hedge)
NVDA302.5C 5/8
JD 45c 5/22
IWM 140C 5/8
IWM 145C 6/19
HYG 84C 6/19

I welcome your peer review lol

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drunken Cleveland Browns fan.

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I resemble that remark!

george1992 said:

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aggiedaniel06 said:

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Here is another play that came across my scanner yesterday. VNOM

For me it is a combo of UOA and earnings (5/4) play.

I entered the May 9P yesterday. I'll post some more DD after market close.

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I have a lot of experience with this stock. And I've gotten bit by it several times. Viper Energy is a spinoff of FANG and holds its mineral interests and overrides. I think the stock is still overvalued when you compare the drop in price of the stock to the price of WTI. Its a great long term hold but not so great a trade imo.

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I am playing this for the unusual option activity the algo picked up.

I also read their 10Q and they have a senior note payment that was due today. Monday is their earnings announcement as well.

From Page 47 of their 10Q
"Lower prices may not only decrease our income, but also potentially the amount of oil and natural gas that our operators can produce economically. Lower oil and natural gas prices may also result in a reduction in the borrowing base under our credit agreement, which may be redetermined at the discretion of our lenders."

I have 100 5/15 9P which I bought for 60 cents. Lets see how it goes.

Also, today there were a bunch of December 1, 2 and 3 strike puts which were newly opened. Someone thinks this puppy is heading for BK or at least hedging for it.

looks like you got a chip and a chair. It aint over.

I don't play any of those (hate nvda with a passion, also f you for showing me that it's tickling 300. That means at this point I've left the appraised value of my house on the table since I sold all mine in the 30s) but if I were to apply my perspective I'd say if you like your thesis then stick to it, if you dig deeper and change your mind then figure out an exit, otherwise don't get shook out if you think your thesis is still good, and don't be afraid to take profits without worrying about what might have been

PoopyPullup said:

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looks like you got a chip and a chair. It aint over.

I don't play any of those (hate nvda with a passion, also f you for showing me that it's tickling 300. That means at this point I've left the appraised value of my house on the table since I sold all mine in the 30s) but if I were to apply my perspective I'd say if you like your thesis then stick to it, if you dig deeper and change your mind then figure out an exit, otherwise don't get shook out if you think your thesis is still good, and don't be afraid to take profits without worrying about what might have been

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This is the other problem. I've had a handful of really good plays, REALLY good. But I get shook out so damn easy, easier than a molded orange in a tree. Then I miss what could have been and that has destroyed my numbers.