MOMO with reversal harami if holds around here today.

IrishTxAggie said:

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Are they not uncertain?

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Threw a little stock in the retirement account.

ehrmantraut said:

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sooo any news on ZEST? Bought at $0.95 and we're up to about $1.50 now

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honestly don't know, but I did read that their trial is held up with Covid (still). I sold this morning, watching for a dip to get back in. If you look at the last pattern, it got shorted hard after running to 1.50's.

Better turn this slow selling around or we're going to end up with a shooting star on macro markets

oldarmy1 said:

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Better turn this slow selling around or we're going to end up with a shooting star on macro markets

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Bounced off 200 day average, but yeah I hear ya.

These people know some stuff too

Not as good at the macro signals, is MSFT forming the bottom end of the Cup/handlen from the daily chart through feburary?

Puts most likely a hedge?

WING has $650K on the 6/19 130c, and it's been on a nice uptrend, but consolidating a few days. I'm in.

I have a question.....

I have 200 shares left of AVEO that are up significantly. I sold two June $9 covered calls back when the stock was around $7. Its now up to $10+ and the calls will be exercised assuming we close in the money.

Would I be able to buy the $9 puts on the same expiry to cancel out the calls and still be able to offload my shares of AVEO today? They are up 150% for me right now and I'd just like to take the profits and buy some more RUBI or something.

Just not sure how to get out of the covered calls without having to pay to buy them back.

The stock whose name shall not be named is right at upper resistance.

What do you guys think about SQ at $80 or $81 as a long entry point?

Bob Knights Liver said:

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GRMN
https://f5s-img.s3.amazonaws.com/000/6f/c4/6fc49ae2c88954fb771f7a5dbc315d3f254aa3f0_48067_u126183.jpg
This one looks like it tried to breakout to the high side at the end of April and to the low side in mid May. I noticed the two big green candles on April 19 and May 17 - is that a potential indicator this could break out at least above the $86.89 200d WMA?

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Thanks for looking at this and your thoughts too. Im a little stumped right now with how the whole market has jumped today to take action or wait and see if there is any pull back on this to get in. GRMN did almost touch the 200d WMA again and initially pulled back so im going to continue to monitor and see if volume builds to break though

Thanks again

Irish....

McInnis 03 said:

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WING has $650K on the 6/19 130c, and it's been on a nice uptrend, but consolidating a few days. I'm in.

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thanks for posting, I'm watching this one for entry into those 130c's

I don't like BA right now

This market blows. No falling knives, no chance to screw up by buying on the way down, clear bottom has been established.

PRTY having a day

McInnis 03 said:

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Irish....

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both duck and manic have calls for BA

Rice and Fries said:

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I have a question.....

I have 200 shares left of AVEO that are up significantly. I sold two June $9 covered calls back when the stock was around $7. Its now up to $10+ and the calls will be exercised assuming we close in the money.

Would I be able to buy the $9 puts on the same expiry to cancel out the calls and still be able to offload my shares of AVEO today? They are up 150% for me right now and I'd just like to take the profits and buy some more RUBI or something.

Just not sure how to get out of the covered calls without having to pay to buy them back.

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Buying the calls back is the only way to get out of them. That's the downside to them, if the stock runs past them you miss those gains.

JPM is blowing up.

FishrCoAg said:

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Rice and Fries said:

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I have a question.....

I have 200 shares left of AVEO that are up significantly. I sold two June $9 covered calls back when the stock was around $7. Its now up to $10+ and the calls will be exercised assuming we close in the money.

Would I be able to buy the $9 puts on the same expiry to cancel out the calls and still be able to offload my shares of AVEO today? They are up 150% for me right now and I'd just like to take the profits and buy some more RUBI or something.

Just not sure how to get out of the covered calls without having to pay to buy them back.

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Buying the calls back is the only way to get out of them. That's the downside to them, if the stock runs past them you miss those gains.

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ok. Thanks!

Rice and Fries said:

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FishrCoAg said:

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Rice and Fries said:

---

I have a question.....

I have 200 shares left of AVEO that are up significantly. I sold two June $9 covered calls back when the stock was around $7. Its now up to $10+ and the calls will be exercised assuming we close in the money.

Would I be able to buy the $9 puts on the same expiry to cancel out the calls and still be able to offload my shares of AVEO today? They are up 150% for me right now and I'd just like to take the profits and buy some more RUBI or something.

Just not sure how to get out of the covered calls without having to pay to buy them back.

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Buying the calls back is the only way to get out of them. That's the downside to them, if the stock runs past them you miss those gains.

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ok. Thanks!

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I have two cover calls that are running too much, TLRY and XOM. Trying to decide to buy back at a loss or just take the profit and rebuy shares on a pullback

Wait I'm missing a key piece and want to make sure I understand.

So I'm reading this as if you buy an uncovered call for stock XXX at $5.00 call price with a $1.00 premium, once that stock hits $6.01 (or higher) - you lose money?

AgShaun00 said:

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Rice and Fries said:

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FishrCoAg said:

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Rice and Fries said:

---

I have a question.....

I have 200 shares left of AVEO that are up significantly. I sold two June $9 covered calls back when the stock was around $7. Its now up to $10+ and the calls will be exercised assuming we close in the money.

Would I be able to buy the $9 puts on the same expiry to cancel out the calls and still be able to offload my shares of AVEO today? They are up 150% for me right now and I'd just like to take the profits and buy some more RUBI or something.

Just not sure how to get out of the covered calls without having to pay to buy them back.

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Buying the calls back is the only way to get out of them. That's the downside to them, if the stock runs past them you miss those gains.

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ok. Thanks!

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I have two cover calls that are running too much, TLRY and XOM. Trying to decide to buy back at a loss or just take the profit and rebuy shares on a pullback

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I had TLRY shares called away at 10 last week. Almost every time I have bought back calls it has come back to bite me. YMMV

Square Pair said:

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Wait I'm missing a key piece and want to make sure I understand.

So I'm reading this as if you buy an uncovered call for stock XXX at $5.00 call price with a $1.00 premium, once that stock hits $6.01 (or higher) - you lose money?

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No. When you buy a call you have the right to buy the stock at the strike price, no matter how high it goes. So you continue to profit. When you sell a covered call you have to deliver the stock to the call buyer at the strike price, so you miss out on the increase above the strike.

Dumb question but is there a way to see if people are shorting a stock on fidelity trader pro? I feel like MIK is getting shorted once it hits that 3.4 mark.

Thoughts on NTNX after earnings tomorrow?

Anyone still in DFS?

BB675 said:

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Thoughts on NTNX after earnings tomorrow?

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If you're on the 5/29 25 calls that were posted you're pretty much banking that it's a big hit now. Was hoping it would run a bit with the market today to take a portion off the table but no such luck

gougler08 said:

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Anyone still in DFS?

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The phrase take earnings isnt in my vocabulary so yes I'm still in.