What premium?
Sold half today @$2.60... might hold the rest through earnings.TheCellarDoor said:
Anyone holding the SQ 5/15c through earnings tomorrow?
I am at 30% on the $70 calls. May ease out of a bit.TheCellarDoor said:
Anyone holding the SQ 5/15c through earnings tomorrow?
Fed says we will see unemployment we haven't seen since the 40s...isn't that already true?McInnis 03 said:
SPY freefall, woo.
You end up exiting out of that position yet? Huge spike to start the day and then downward since then.aggiedaniel06 said:Did anyone else join me in this trade? Puts are up 125%.aggiedaniel06 said:george1992 said: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.aggiedaniel06 said:
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.
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.
ER is today after-hours. So manage your risk accordingly.
NOPE.McInnis 03 said:
SPY model T off that news?
I'm done for the day. I hit a pretty big sell right before the new, and am going to bail on the rest. Green is green.McInnis 03 said:
SPY model T off that news?
couple Fed comments about how it's bad right now. Unemployment is bad. May need further fed interaction and fiscal policy changes to bridge over the virus.$30,000 Millionaire said:
what did you guys touch??
Cocaine is a helluva drugMcInnis 03 said:
This market is so fragile. Everyone wants to bull it up and be a believer, but as soon as one person hears an ankle pop they think the glass floor is shattering and they pull the rip cord. It's unreal. I kind of shocked VXX didn't jump 3 points there.
I just need funds to settle tomorrow and I will be entering. HP chart play.McInnis 03 said:
BA 120p for Friday just got lit up for $260K. If I'm following davey day trader into this, I"m gonna be PISSSSSSSSSSED.
$30,000 Millionaire said:
what did you guys touch??
Have you been with HP long? Are you pleased with the product?leoj said:I just need funds to settle tomorrow and I will be entering. HP chart play.McInnis 03 said:
BA 120p for Friday just got lit up for $260K. If I'm following davey day trader into this, I"m gonna be PISSSSSSSSSSED.
McInnis 03 said:
BA 120p for Friday just got lit up for $260K. If I'm following davey day trader into this, I"m gonna be PISSSSSSSSSSED.