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thirdcoast
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AG
Do any shorts cover MRNA before long weekend?
Shundere
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Sames, I already exited the call and am hoping to get a little back on the put. Shouldn't of got into that advanced of a trade.
McInnis 03
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McInnis 03 said:

McInnis 03 said:

Ok professor. The only way I learn is to do. So i'm trying to execute your teachings from yesterday on TLRY.

Open book:

Bought 9.5p's (for today) yesterday on the spike at 10+
This morning bought shares at 9.35 to cover the puts in whole.
Bought 10c's (for today) at the same time.

Now I'm seeing if we get a spike to sell covered calls on the shares that I'd sell at 9.5c for today.

My head is about to explode, and I'm sure my P/L will be next to 0 on this whole thing but unless I do it, I won't learn, and $10 stocks are better to learn on than $295 etfs.
F'ing A. I'm never doing this again. I'm in a spaghetti knot of fish line that I can't seem to untangle now.
Here you go.

**Hey look TLRY spiked and topped, let's model T this for tomorrow.
BUY TLRY 9.5p (.60) x2 **initial put buy
BUY 200 TLRY (9.38) x200 **lets be like OA, let's buy against those puts!
BUY TLRY 10c (.24) x2 **I think OA buys calls here, let's try that
SELL TLRY 10c .09 x2 **Oh man, these calls are worthless as this goes down, bail out!
SELL TLRY 9.5c .30 x2 **So if I sell a call here, I'm protected both up and down...right?! that seems like a good thing.
BUY TLRY 10c (.30) x2 **Wait, if I turn this into a debit spread I'll be good to go! (only, pay attn, this isn't what creates a vertical debit spread)
SELL TLRY 9.87 x200 **Heh heh, I don't need THESE anymore, goodbye stock!
BUY TLRY 10c (.15) x5 **Might as well grab some of these on this pump and scalp
SELL TLRY 10c .17 x5 **2cents, yeah baby!
SELL TLRY 10P .19 x2 **Wait..... THAT'S NOT A DEBIT SPREAD!!! I need a way to get stock to cover these short calls!! *panic*
BUY 200 TLRY (10.037) **Oh crap, those aren't in the money, I'm not covered if this closes above 10, BUY STOCK!
BUY TLRY 10p (.19) **F this, I'm out. Close it all. Buy to close the puts
BUY TLRY 10p (.21) **I'm filling this hell or high water.
BUY TLRY 9.5C (.60) x2 **Don't care, bailing out, I'm not staying on the Titanic
SELL TLRY 9.5P .03 x2 **You f'ers are worth a measely 3cents at this moment and I do NOT care, get out, the way you came in, GET OUT.
sELL 10c .24 x2 **Hey, a little profit, don't care, you leave too.
SELL 200 TLRY 10.0201 **out, out, OUT.

Final tally ($113.38)
Commissions (Ameritrade won this round)
Lessons learned? Priceless.
***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
Mr President Elect
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Anyone still holding TWTR? It never hit the max target the other day, so I still have 25%, but it is about at that target now, and wonder if I still should unload them there?
spud1910
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willjohnathan said:

Anyone still holding TWTR? It never hit the max target the other day, so I still have 25%, but it is about at that target now, and wonder if I still should unload them there?
I'm net free with a couple of runners. Tempted to go ahead and sell to lock in a little profit with the weekend ahead.
Swollen Thumb
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My head just exploded trying to follow that.
McInnis 03
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Swollen Thumb said:

My head just exploded trying to follow that.
I just hope y'all get a good laugh out of 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
leoj
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Swollen Thumb
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Absolutely...I loved it (and your thought commentary). Not laughing AT you, but WITH you. I commend you guys for jumping in and working to learn this stuff and sharing it all for us to follow. I'm not there yet on the options, but want to dive in at some point. I can definitely see me getting into knot like this when I do. Like you said....only way to really learn!!
Maximus_Meridius
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Believe it or not, I've had scenarios play out quite similar to this.

Call it a rite of passage and keep on...
Pignorant
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Pignorant said:

Anyone follow Splunk? They have been on a tear since hitting the March lows.

Report earnings on Thursday.
Up 12% after earnings yesterday. Stock up $20 to $184.

Did not play it though.
0708aggie
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Can you explain that. I'm in the 5/29, 110 calls
Mr President Elect
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How many guys on here do this as a full time thing? I haven't gotten sh*t done over the last month.
$30,000 Millionaire
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what caused the spike? I had a conf call I had to pay attention on and saw we went from - 0.10% to +0.12%?
2percent
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Pignorant said:

Pignorant said:

Anyone follow Splunk? They have been on a tear since hitting the March lows.

Report earnings on Thursday.
Up 12% after earnings yesterday. Stock up $20 to $184.

Did not play it though.
The CEO is an Aggie and i think there are quite a few Ags in their organization.

Nevermind, i checked it iout and he was not an ag. And this stock moves well but it is one of those i can never catch the right move. so i quit trading it.
leoj
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It's the volume weighted average price, so it's the average price of all the shares traded since that start point. Can act as a type of support, below that and the overall average share from that point would be held at a loss compared to the average cost basis.

MROD92
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XELA volume
12thMan86
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I was wondering why my pot stocks were moving, and this could be one of the answers. I have leaps to Jan 22. Many!


https://nypost.com/2020/05/21/scientists-believe-cannabis-could-help-prevent-treat-coronavirus/
cisgenderedAggie
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McInnis 03 said:

McInnis 03 said:

McInnis 03 said:

Ok professor. The only way I learn is to do. So i'm trying to execute your teachings from yesterday on TLRY.

Open book:

Bought 9.5p's (for today) yesterday on the spike at 10+
This morning bought shares at 9.35 to cover the puts in whole.
Bought 10c's (for today) at the same time.

Now I'm seeing if we get a spike to sell covered calls on the shares that I'd sell at 9.5c for today.

My head is about to explode, and I'm sure my P/L will be next to 0 on this whole thing but unless I do it, I won't learn, and $10 stocks are better to learn on than $295 etfs.
F'ing A. I'm never doing this again. I'm in a spaghetti knot of fish line that I can't seem to untangle now.
Here you go.

**Hey look TLRY spiked and topped, let's model T this for tomorrow.
BUY TLRY 9.5p (.60) x2 **initial put buy
BUY 200 TLRY (9.38) x200 **lets be like OA, let's buy against those puts!
BUY TLRY 10c (.24) x2 **I think OA buys calls here, let's try that
SELL TLRY 10c .09 x2 **Oh man, these calls are worthless as this goes down, bail out!
SELL TLRY 9.5c .30 x2 **So if I sell a call here, I'm protected both up and down...right?! that seems like a good thing.
BUY TLRY 10c (.30) x2 **Wait, if I turn this into a debit spread I'll be good to go! (only, pay attn, this isn't what creates a vertical debit spread)
SELL TLRY 9.87 x200 **Heh heh, I don't need THESE anymore, goodbye stock!
BUY TLRY 10c (.15) x5 **Might as well grab some of these on this pump and scalp
SELL TLRY 10c .17 x5 **2cents, yeah baby!
SELL TLRY 10P .19 x2 **Wait..... THAT'S NOT A DEBIT SPREAD!!! I need a way to get stock to cover these short calls!! *panic*
BUY 200 TLRY (10.037) **Oh crap, those aren't in the money, I'm not covered if this closes above 10, BUY STOCK!
BUY TLRY 10p (.19) **F this, I'm out. Close it all. Buy to close the puts
BUY TLRY 10p (.21) **I'm filling this hell or high water.
BUY TLRY 9.5C (.60) x2 **Don't care, bailing out, I'm not staying on the Titanic
SELL TLRY 9.5P .03 x2 **You f'ers are worth a measely 3cents at this moment and I do NOT care, get out, the way you came in, GET OUT.
sELL 10c .24 x2 **Hey, a little profit, don't care, you leave too.
SELL 200 TLRY 10.0201 **out, out, OUT.

Final tally ($113.38)
Commissions (Ameritrade won this round)
Lessons learned? Priceless.



This looks exactly like my trade logs and rationale. This kind of **** got me my first good faith warning before I even knew what that meant.
McInnis 03
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This is the craziest of lottos, but NFLX is forming an h and I guess its' possible it could flush the close if it breaks 429.47 (daily low)

I'm watching today's 425p
***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
george1992
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12thMan86 said:

I was wondering why my pot stocks were moving, and this could be one of the answers. I have leaps to Jan 22. Many!


https://nypost.com/2020/05/21/scientists-believe-cannabis-could-help-prevent-treat-coronavirus/

McInnis 03
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McInnis 03 said:

This is the craziest of lottos, but NFLX is forming an h and I guess its' possible it could flush the close if it breaks 429.47 (daily low)

I'm watching today's 425p
I'm in, new daily low.
***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
12thMan86
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AG
McInnis 03 said:

McInnis 03 said:

This is the craziest of lottos, but NFLX is forming an h and I guess its' possible it could flush the close if it breaks 429.47 (daily low)

I'm watching today's 425p
I'm in, new daily low.
broke daily 21 ema.
Touchless
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Pignorant said:

Pignorant said:

Anyone follow Splunk? They have been on a tear since hitting the March lows.

Report earnings on Thursday.
Up 12% after earnings yesterday. Stock up $20 to $184.

Did not play it though.
I only stuck with BJs
tlepoC
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Thanks McInnis! I joined as a degenerate. Liking what I'm seeing
oldarmy1
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Bought Jun 5th V $200 calls.
Aggies1322
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oldarmy1 said:

Bought Jun 5th V $200 calls.


What premium did you get those at?
Mr President Elect
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Followed at $0.71
12thMan86
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on my own, NOT Bruce in my trading room...I just put on 2 x SPX 2940/2935 for .35. 70 to make 1000. Could be totally wrong, but my support levels are telling me its possible. Lotto from hell. Lets do this!

PUT Debit spread, breakeven SPX has to drop below 2939.65
FriskyGardenGnome
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McInnis 03 said:

McInnis 03 said:

McInnis 03 said:

Ok professor. The only way I learn is to do. So i'm trying to execute your teachings from yesterday on TLRY.

Open book:

Bought 9.5p's (for today) yesterday on the spike at 10+
This morning bought shares at 9.35 to cover the puts in whole.
Bought 10c's (for today) at the same time.

Now I'm seeing if we get a spike to sell covered calls on the shares that I'd sell at 9.5c for today.

My head is about to explode, and I'm sure my P/L will be next to 0 on this whole thing but unless I do it, I won't learn, and $10 stocks are better to learn on than $295 etfs.
F'ing A. I'm never doing this again. I'm in a spaghetti knot of fish line that I can't seem to untangle now.
Here you go.

**Hey look TLRY spiked and topped, let's model T this for tomorrow.
BUY TLRY 9.5p (.60) x2 **initial put buy
BUY 200 TLRY (9.38) x200 **lets be like OA, let's buy against those puts!
BUY TLRY 10c (.24) x2 **I think OA buys calls here, let's try that
SELL TLRY 10c .09 x2 **Oh man, these calls are worthless as this goes down, bail out!
SELL TLRY 9.5c .30 x2 **So if I sell a call here, I'm protected both up and down...right?! that seems like a good thing.
BUY TLRY 10c (.30) x2 **Wait, if I turn this into a debit spread I'll be good to go! (only, pay attn, this isn't what creates a vertical debit spread)
SELL TLRY 9.87 x200 **Heh heh, I don't need THESE anymore, goodbye stock!
BUY TLRY 10c (.15) x5 **Might as well grab some of these on this pump and scalp
SELL TLRY 10c .17 x5 **2cents, yeah baby!
SELL TLRY 10P .19 x2 **Wait..... THAT'S NOT A DEBIT SPREAD!!! I need a way to get stock to cover these short calls!! *panic*
BUY 200 TLRY (10.037) **Oh crap, those aren't in the money, I'm not covered if this closes above 10, BUY STOCK!
BUY TLRY 10p (.19) **F this, I'm out. Close it all. Buy to close the puts
BUY TLRY 10p (.21) **I'm filling this hell or high water.
BUY TLRY 9.5C (.60) x2 **Don't care, bailing out, I'm not staying on the Titanic
SELL TLRY 9.5P .03 x2 **You f'ers are worth a measely 3cents at this moment and I do NOT care, get out, the way you came in, GET OUT.
sELL 10c .24 x2 **Hey, a little profit, don't care, you leave too.
SELL 200 TLRY 10.0201 **out, out, OUT.

Final tally ($113.38)
Commissions (Ameritrade won this round)
Lessons learned? Priceless.

Hope that's a retirement account, or tax time is going to be a blast for you (or your CPA).
oldarmy1
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AG
Aggies1322 said:

oldarmy1 said:

Bought Jun 5th V $200 calls.


What premium did you get those at?
$0.68 average. If it can come down to $0.60 I'll double what I've already bought.
KT 90
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AG
I didn't get in, but good call by whoever it was that said to watch MIND. Late to the party now.

12thMan86
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12thMan86 said:

on my own, NOT Bruce in my trading room...I just put on 2 x SPX 2940/2935 for .35. 70 to make 1000. Could be totally wrong, but my support levels are telling me its possible. Lotto from hell. Lets do this!

PUT Debit spread, breakeven SPX has to drop below 2939.65

going the wrong way at the moment!!
McInnis 03
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gotsand said:

McInnis 03 said:

McInnis 03 said:

McInnis 03 said:

Ok professor. The only way I learn is to do. So i'm trying to execute your teachings from yesterday on TLRY.

Open book:

Bought 9.5p's (for today) yesterday on the spike at 10+
This morning bought shares at 9.35 to cover the puts in whole.
Bought 10c's (for today) at the same time.

Now I'm seeing if we get a spike to sell covered calls on the shares that I'd sell at 9.5c for today.

My head is about to explode, and I'm sure my P/L will be next to 0 on this whole thing but unless I do it, I won't learn, and $10 stocks are better to learn on than $295 etfs.
F'ing A. I'm never doing this again. I'm in a spaghetti knot of fish line that I can't seem to untangle now.
Here you go.

**Hey look TLRY spiked and topped, let's model T this for tomorrow.
BUY TLRY 9.5p (.60) x2 **initial put buy
BUY 200 TLRY (9.38) x200 **lets be like OA, let's buy against those puts!
BUY TLRY 10c (.24) x2 **I think OA buys calls here, let's try that
SELL TLRY 10c .09 x2 **Oh man, these calls are worthless as this goes down, bail out!
SELL TLRY 9.5c .30 x2 **So if I sell a call here, I'm protected both up and down...right?! that seems like a good thing.
BUY TLRY 10c (.30) x2 **Wait, if I turn this into a debit spread I'll be good to go! (only, pay attn, this isn't what creates a vertical debit spread)
SELL TLRY 9.87 x200 **Heh heh, I don't need THESE anymore, goodbye stock!
BUY TLRY 10c (.15) x5 **Might as well grab some of these on this pump and scalp
SELL TLRY 10c .17 x5 **2cents, yeah baby!
SELL TLRY 10P .19 x2 **Wait..... THAT'S NOT A DEBIT SPREAD!!! I need a way to get stock to cover these short calls!! *panic*
BUY 200 TLRY (10.037) **Oh crap, those aren't in the money, I'm not covered if this closes above 10, BUY STOCK!
BUY TLRY 10p (.19) **F this, I'm out. Close it all. Buy to close the puts
BUY TLRY 10p (.21) **I'm filling this hell or high water.
BUY TLRY 9.5C (.60) x2 **Don't care, bailing out, I'm not staying on the Titanic
SELL TLRY 9.5P .03 x2 **You f'ers are worth a measely 3cents at this moment and I do NOT care, get out, the way you came in, GET OUT.
sELL 10c .24 x2 **Hey, a little profit, don't care, you leave too.
SELL 200 TLRY 10.0201 **out, out, OUT.

Final tally ($113.38)
Commissions (Ameritrade won this round)
Lessons learned? Priceless.

Hope that's a retirement account, or tax time is going to be a blast for you (or your CPA).
Roth
***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
McInnis 03
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AG
12thMan86 said:

on my own, NOT Bruce in my trading room...I just put on 2 x SPX 2940/2935 for .35. 70 to make 1000. Could be totally wrong, but my support levels are telling me its possible. Lotto from hell. Lets do this!

PUT Debit spread, breakeven SPX has to drop below 2939.65
in it for $20 to go to $500. Not sure I see a flush coming, but crazier things happen.
***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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