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Last: 4 min ago by ProgN
Bought ROKU on Thursday for $115/share and sold today for $124/share
I'm not playing earnings either.
Sold all TSLA
huge SPY buy to close?
MIK had an 11% increase today. Its floor relative to the indexes took another step forward. Hoping for a breakout day tomorrow.
Well today for me basically amounted to watching premium burn...
Looking forward to the gap up tomorrow.
I would sleep better tonight if I had. I put an order to sell at $34, but only got to $33.46 before the bell.AggiePeeps06 said:
Sold all TSLA
What's your expiration?
it's the $750 5/8 c
Another lesson learned the hard way on TSLA. I expected a model T bounce but got greedy and did the daily call on Friday when I should have done the weekly to give myself more time for Elon's shenanigans to disappear. Would have been $5k more in my pocket (at least).
Bought Roku last week for an average of $124. Watched it crater and stayed in and bought 10 calls Exp Friday 5/8 strike $145 and another at $128 when it bottomed out last Friday.
Today I put in a hail marry and sold 17 covered calls at $180 strike price for $0.42 premium thinking no way this gets called... Executed immediately lol. Someone betting that the price goes above $180.42 by this Friday. If that happens somehow I will quit my job. Glad someone was willing to pay me for an absolute lotto hoping for a 50% increase in the stock in 4 days.
Today I put in a hail marry and sold 17 covered calls at $180 strike price for $0.42 premium thinking no way this gets called... Executed immediately lol. Someone betting that the price goes above $180.42 by this Friday. If that happens somehow I will quit my job. Glad someone was willing to pay me for an absolute lotto hoping for a 50% increase in the stock in 4 days.
TheCellarDoor said:
Another lesson learned the hard way on TSLA. I expected a model T bounce but got greedy and did the daily call on Friday when I should have done the weekly to give myself more time for Elon's shenanigans to disappear. Would have been $5k more in my pocket (at least).
Same.
man you guys that buy super short dated calls have bigger balls than me!! Theta decay will whip your ass if you are wrong on direction! sometimes I play SPY in the last 10 mins for a day trade, and I still buy something out 2 weeks.
I've just been spanked by Theta too many times. I just pay up for the gift of time, and it seems to work much better.
I've just been spanked by Theta too many times. I just pay up for the gift of time, and it seems to work much better.
You're talking to the ding dong who will play an expiring option with 10 minutes left in the cycle. Those f'ers move FAST.12thMan86 said:
man you guys that buy super short dated calls have bigger balls than me!! Theta decay will whip your ass if you are wrong on direction! sometimes I play SPY in the last 10 mins for a day trade, and I still buy something out 2 weeks.
I've just been spanked by Theta too many times. I just pay up for the gift of time, and it seems to work much better.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
and I though I had a gambling problem! When I first learned to trade in 03, the guys that taught the class said done ever buy an option that expires in less than 30 days. As I've become better, I've learned that is not always the best way to approach things. Especially if you are selling premium and want it to go to zero.McInnis 03 said:You're talking to the ding dong who will play an expiring option with 10 minutes left in the cycle. Those f'ers move FAST.12thMan86 said:
man you guys that buy super short dated calls have bigger balls than me!! Theta decay will whip your ass if you are wrong on direction! sometimes I play SPY in the last 10 mins for a day trade, and I still buy something out 2 weeks.
I've just been spanked by Theta too many times. I just pay up for the gift of time, and it seems to work much better.
If I plan to hold an option a couple of weeks, I always will buy 45 days of life or more. Yes, it costs to get the gift of time, but I've had my head ripped off buying short expirations.
You should be "selling" that sucker to the ding dong on the other end!McInnis 03 said:You're talking to the ding dong who will play an expiring option with 10 minutes left in the cycle. Those f'ers move FAST.12thMan86 said:
man you guys that buy super short dated calls have bigger balls than me!! Theta decay will whip your ass if you are wrong on direction! sometimes I play SPY in the last 10 mins for a day trade, and I still buy something out 2 weeks.
I've just been spanked by Theta too many times. I just pay up for the gift of time, and it seems to work much better.
Should be fine over night. You should've been up bigly today
Got out of DOCU and CRWD calls too early. Still in work and AMD calls, ready to dump work quick. We are near a decision point for SPX.
Ive been averaging in to June 25 Calls in WORK. Work is in a weekly, daily, and 4hr squeeze. IF it fires long, it will typically be an explosive move. It will also be explosive to the downside, so watch it!leoj said:
Got out of DOCU and CRWD calls too early. Still in work and AMD calls, ready to dump work quick. We are near a decision point for SPX.
Wish all the fear porn media would stop and we could have a comparatively unmanipulated market.
N/m
Wrong board
Wrong board
The media may be manipulating public opinion, but not the stock market. Fed basically said it was going to manipulate the market until the economy shows strong signs of rebound.
yep... shot from about 40% to 90% the last 30 minutes of the day. I just don't mess with TSLA much, and have no idea if it will be $500 or $900 tomorrow.AggiePeeps06 said:
Should be fine over night. You should've been up bigly today
Every knee shall bow and every tongue shall confess
I did the exact same thing. Big lesson learned on that one but I'm pretty new to the game.TheCellarDoor said:
Another lesson learned the hard way on TSLA. I expected a model T bounce but got greedy and did the daily call on Friday when I should have done the weekly to give myself more time for Elon's shenanigans to disappear. Would have been $5k more in my pocket (at least).
Here.BearkatRunner88 said:I did the exact same thing. Big lesson learned on that one but I'm pretty new to the game.TheCellarDoor said:
Another lesson learned the hard way on TSLA. I expected a model T bounce but got greedy and did the daily call on Friday when I should have done the weekly to give myself more time for Elon's shenanigans to disappear. Would have been $5k more in my pocket (at least).
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AG
sounds like you guys think tsla is gonna run a few days? does anybody really know what tsla is going to do from one day to the next?
I am not sure the board thinks that. Some of the board (myself included) tried to get into the action mid and post Elon's bizarre tweets on Friday.
I got stopped out on that ***** Otherwise I'd be up damn near a Tesla. ****ing ******* Musk
We talkin' a Model 3 or X?
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just trying to decipher this and the posts agreeing with it. Are we talking about 0DTE calls on Friday afternoon? TSLA only has weeklys right? I bought shares after the tweets for 704, trying to figure out how to sell them because I don't trust elon. Seems like model T of 775 is a safe bet but it's tsla, so may be just as likely to overshoot and bounce off 800, extra $25 a share would be niceTheCellarDoor said:
Another lesson learned the hard way on TSLA. I expected a model T bounce but got greedy and did the daily call on Friday when I should have done the weekly to give myself more time for Elon's shenanigans to disappear. Would have been $5k more in my pocket (at least).