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IrishTxAggie
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In reply to fightintxag13 • 10:25a, 5/18/20
AG
Got in at .86
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oldarmy1
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10:25a, 5/18/20
AG
DE explosion move. Sold another 25% right here. Calls only
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Charismatic Megafauna
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In reply to gougler08 • 10:27a, 5/18/20
AG
gougler08 said:
Prognightmare said:
gougler08 said:
gougler08 said:
Random wash sale question...I sold some stock at a loss on April 6th and then sold puts that expired on May 15th and bought some stock back. I should still be able to count the loss since it was 30+ days apart from sell and buy correct?
Selfishly bumping
I'm not an accountant but I would think you'd still be able to write off the loss.
That's my understanding too, guess I'll just have to remember to look at the end of the year
also not an accountant but when did you sell the puts? I'd think the act of selling the puts would count as a transaction in a "substantially identical security" so if that was within 30 days after April 6 would trigger wash sale rule. (again, not an accountant...)
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Grown Pear
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In reply to OverSeas AG • 10:27a, 5/18/20
AG
OverSeas AG said:
So I have one really bad Long right now. $DAL.

$4 down / share. Would prefer not to take the loss, but I really do not want to be in this baby. if I sold an ITM Covered Call in June 19, I could get 2.39 per share. If I am think of this correctly, the worst that would be happen is that I would be called, and lose $1.70 per share instead of $4.


Would appreciate some thoughts on the above. (Confirmation I am thinking of this properly or some other idea!)
Correction: The worst that could happen is it goes bankrupt, your ~ $2,500 investment goes to zero but you offset that with $239 in premium.
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fightintxag13
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In reply to IrishTxAggie • 10:27a, 5/18/20
AG
I see a small gap at 16.67. It couldn't push into it at the end of April, but I imagine someone knows something here and that gap will eventually be filled.
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IrishTxAggie
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In reply to fightintxag13 • 10:28a, 5/18/20
AG
fightintxag13 said:
I see a small gap at 16.67. It couldn't push into it at the end of April, but I imagine someone knows something here and that gap will eventually be filled.
ER on 5/27
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Aggies1322
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10:28a, 5/18/20
AG
When is NET going to make a run
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Touchless
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In reply to leoj • 10:29a, 5/18/20
AG
Puts or Calls? Assuming Puts given current price.
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OverSeas AG
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In reply to Grown Pear • 10:29a, 5/18/20
AG
Every knee shall bow and every tongue shall confess
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leoj
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In reply to Touchless • 10:30a, 5/18/20
AG
Touchless said:
Puts or Calls? Assuming Puts given current price.


No sorry, itm calls in MSFT
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leoj
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10:32a, 5/18/20
AG
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Maximus_Meridius
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In reply to IrishTxAggie • 10:43a, 5/18/20
AG
IrishTxAggie said:
There are rumors of some funny money accounting on GE
A little surprising, seeing as it's up almost a dollar today. Figured that kinda news would kept it down.
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12thMan86
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In reply to McInnis 03 • 10:43a, 5/18/20
AG
McInnis 03 said:
12thMan86 said:
McInnis 03 said:
12thMan86 said:
McInnis 03 said:
12thMan86 said:
Ragoo said:
I think I am only going to buy verticals from here on out. Profit is capped but risk is significantly reduced.


I'll tell you what are fun are SPX verticals that expire the same day. They are lottos but work regularly in this violent market. On Friday I bought the 2850-2855 call vertical for .65 late in the day. It maxed out at 4.65. I've done these for the last month. Hit about 40%. When you can hit 40 percent and make anywhere from 5:1 to 9:1, it works. You have to be right on your direction of course. Theta decay works in your favor big time.

I agree I have started buying more verticals. The key is how far out you buy them.

Good luck!


When you bought this how far otm were both these strikes?
Market was at 2825Ish and it was around 1:45 I believe
Well, let's see what happens. I'm in one.
I usually get in these late in the day. Good luck brother!
I wish I wouldn't have done this. The movement is ****ing awesome.
what did you buy and how much did you pay? If you guess right wait until late today to sell so that the Theta decay is maxed out. Usually, if I'm 100% payout, I'll just let them expire and save the commish. They cash settle. SPX only
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Touchless
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In reply to leoj • 10:44a, 5/18/20
AG
Oh, good. That makes me feel better since I have the $195C.
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AggiePeeps06
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In reply to 12thMan86 • 10:46a, 5/18/20
AG
Can you give a real world example with levels based on how you would play this with a vertical call spread right now?
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jbeck3487
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10:46a, 5/18/20
AG
RUBI testing LOD
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fightintxag13
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10:47a, 5/18/20
AG
DE can't stop, won't stop!
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BrokeAssAggie
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10:47a, 5/18/20
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oldarmy1
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10:47a, 5/18/20
AG
So to follow up on plan. Sold the $294 SPY calls on the move above $295 as posted. I bought a $294 PUT since I made out like a bandit this morning and will leverage it with purchases of shares if we have a consolidation move around lunch to below those.
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McInnis 03
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In reply to 12thMan86 • 10:47a, 5/18/20
AG
12thMan86 said:
McInnis 03 said:
12thMan86 said:
McInnis 03 said:
12thMan86 said:
McInnis 03 said:
12thMan86 said:
Ragoo said:
I think I am only going to buy verticals from here on out. Profit is capped but risk is significantly reduced.


I'll tell you what are fun are SPX verticals that expire the same day. They are lottos but work regularly in this violent market. On Friday I bought the 2850-2855 call vertical for .65 late in the day. It maxed out at 4.65. I've done these for the last month. Hit about 40%. When you can hit 40 percent and make anywhere from 5:1 to 9:1, it works. You have to be right on your direction of course. Theta decay works in your favor big time.

I agree I have started buying more verticals. The key is how far out you buy them.

Good luck!


When you bought this how far otm were both these strikes?
Market was at 2825Ish and it was around 1:45 I believe
Well, let's see what happens. I'm in one.
I usually get in these late in the day. Good luck brother!
I wish I wouldn't have done this. The movement is ****ing awesome.
what did you buy and how much did you pay? If you guess right wait until late today to sell so that the Theta decay is maxed out. Usually, if I'm 100% payout, I'll just let them expire and save the commish. They cash settle. SPX only
So about 5 minutes in I bought the 2970c and sold the 2975c for today on the thought that we climb today. The cost was .45.

I like how it's a directional play only with no theta to work against you. The theta decay of the long call is offset by the theta gain on the short call. I always attributed debit spreads to low-IV plays only with no real good purpose, this has opened my eyes big time.
***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
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Ranger222
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10:49a, 5/18/20
AG
Plays for W gap fill?
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McInnis 03
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In reply to Ranger222 • 10:50a, 5/18/20
AG
Ranger222 said:
Plays for W gap fill?
You know I"v ebeen preaching it for days.

I'm thinking of a put debit spread with 3 weeks on it.......
***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
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oldarmy1
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In reply to jbeck3487 • 10:50a, 5/18/20
AG
jbeck3487 said:
RUBI testing LOD
Don't mean to upset the board but I'm happy about that for reasons posted earlier. Just nabbed 5k shares back at $5.37-$5.38 of those sold at $5.70 earlier. Just taking the ebbs and flows of the markets.
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leoj
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In reply to Touchless • 10:51a, 5/18/20
AG
Touchless said:
Oh, good. That makes me feel better since I have the $195C.


Haha sorry man, didn't mean to give you anxiety there. Yeah, definite bullish position.
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leoj
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10:53a, 5/18/20
AG
Nflx over yesterday's highs after consolidating a bit this morning. Sweeps came in for 5/22 $465 calls today.
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oldarmy1
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10:53a, 5/18/20
AG
CITI increases TWTR target to $30. Geez thanks for nothing. Idiots!

So basically sell? Is that what you're saying CITI, cause its at your target.
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Maximus_Meridius
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In reply to oldarmy1 • 10:55a, 5/18/20
AG
oldarmy1 said:
CITI increases TWTR target to $30. Geez thanks for nothing. Idiots!

So basically sell? Is that what you're saying CITI, cause its at your target.
It's my fault. I'm holding on to those calls. Don't believe me? I closed out a 289 SPY put last week on Tuesday, right around noon. Go check your chart to see what happened then...

The market ****ing hates me...
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cmk10
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10:57a, 5/18/20
AG
Spirit Airlines at $9.63. 3 months ago it was at $40 bucks. is there more value going with Spirit or United?
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leoj
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10:57a, 5/18/20
AG
The fact that twitter isn't a $80-100 stock is criminal. I don't think Jack is a terrible ceo, but I think unlike sq I don't see him taking twitter to the next level.
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texagbeliever
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In reply to Maximus_Meridius • 10:57a, 5/18/20
I could provide a few stocks for you to short to test out that theory further...
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Rice and Fries
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In reply to oldarmy1 • 10:58a, 5/18/20
oldarmy1 said:
jbeck3487 said:
RUBI testing LOD
Don't mean to upset the board but I'm happy about that for reasons posted earlier. Just nabbed 5k shares back at $5.37-$5.38 of those sold at $5.70 earlier. Just taking the ebbs and flows of the markets.
Guess now is as good of a time to take a dip into the ol RUBI.
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Spaceship
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In reply to Rice and Fries • 10:59a, 5/18/20
AG
Rice and Fries said:
oldarmy1 said:
jbeck3487 said:
RUBI testing LOD
Don't mean to upset the board but I'm happy about that for reasons posted earlier. Just nabbed 5k shares back at $5.37-$5.38 of those sold at $5.70 earlier. Just taking the ebbs and flows of the markets.
Guess now is as good of a time to take a dip into the ol RUBI.

Join us. The water is lukewarm.
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leoj
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In reply to cmk10 • 10:59a, 5/18/20
AG
cmk10 said:
Spirit Airlines at $9.63. 3 months ago it was at $40 bucks. is there more value going with Spirit or United?


I haven't looked up specifics but just keep in mind depending on debt structure and access to capital markets, some airlines could go under or have to drastically restructure, etc. dominoes could still fall in this sector, just like o&g.
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Mr President Elect
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In reply to Maximus_Meridius • 10:59a, 5/18/20
AG
Maximus_Meridius said:
oldarmy1 said:
CITI increases TWTR target to $30. Geez thanks for nothing. Idiots!

So basically sell? Is that what you're saying CITI, cause its at your target.
It's my fault. I'm holding on to those calls. Don't believe me? I closed out a 289 SPY put last week on Tuesday, right around noon. Go check your chart to see what happened then...

The market ****ing hates me...
I feel you. I sold all my OVV stock last week at $5.77 to free up some cash to place some hedges.
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Maximus_Meridius
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In reply to texagbeliever • 10:59a, 5/18/20
AG
texagbeliever said:
I could provide a few stocks for you to short to test out that theory further...
I've honestly considered selling my misfortune as a service to you guys...
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