McInnis 03 said:

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12thMan86 said:

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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

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in it for $20 to go to $500. Not sure I see a flush coming, but crazier things happen.

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12thMan86 said:

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McInnis 03 said:

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12thMan86 said:

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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

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in it for $20 to go to $500. Not sure I see a flush coming, but crazier things happen.

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LOL was looking like it wanted to flush, and as soon as I hit send, F You !!! I was thinking of doing a 2955 butterfly for cheap as well. That may have been the play.

Gotta throw a chip out!!

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12thMan86 said:

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McInnis 03 said:

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12thMan86 said:

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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

---

in it for $20 to go to $500. Not sure I see a flush coming, but crazier things happen.

---

LOL was looking like it wanted to flush, and as soon as I hit send, F You !!! I was thinking of doing a 2955 butterfly for cheap as well. That may have been the play.

Gotta throw a chip out!!

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12thMan86 said:

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McInnis 03 said:

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12thMan86 said:

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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

---

in it for $20 to go to $500. Not sure I see a flush coming, but crazier things happen.

---

LOL was looking like it wanted to flush, and as soon as I hit send, F You !!! I was thinking of doing a 2955 butterfly for cheap as well. That may have been the play.

Gotta throw a chip out!!

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McInnis 03 said:

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12thMan86 said:

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McInnis 03 said:

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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

---

in it for $20 to go to $500. Not sure I see a flush coming, but crazier things happen.

---

LOL was looking like it wanted to flush, and as soon as I hit send, F You !!! I was thinking of doing a 2955 butterfly for cheap as well. That may have been the play.

Gotta throw a chip out!!

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Care to tell me what that Fly would have been worth?????

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Aggies1322 said:

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oldarmy1 said:

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Bought Jun 5th V $200 calls.

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What premium did you get those at?

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gotsand said:

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McInnis 03 said:

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McInnis 03 said:

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McInnis 03 said:

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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.

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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.

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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.

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

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cisgenderedAggie said:

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gotsand said:

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McInnis 03 said:

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McInnis 03 said:

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McInnis 03 said:

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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).

---

Mine is taxable

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McInnis 03 said:

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cisgenderedAggie said:

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gotsand said:

---

McInnis 03 said:

---

McInnis 03 said:

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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).

---

Mine is taxable

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There is no chance in hell yours is as convoluted as mine though.

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AGSmith said:

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I can go into my brokerage account portal and see my tax schedule for the year at any time. They even account for wash sales if they occur.

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AGSmith said:

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Fidelity

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Talon2DSO said:

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What if it was a call?

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