https://www.fox4news.com/news/abbott-says-there-are-no-plans-for-another-statewide-shutdown-of-texas

TecRecAg said:

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https://www.fox4news.com/news/abbott-says-there-are-no-plans-for-another-statewide-shutdown-of-texas

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oh I know. I've heard him on Dallas, Houston, West Texas, all the news stations. I wouldn't be shocked by double talk at this point.

oldarmy1 said:

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Been buying some GNUS premarket to use the recent spike over $4 juicing call premiums. Will sell $5 calls out to Oct against the shares.

Remains my top strategy right now to book future gains while virtually eliminating downside loss.

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What are your thoughts about selling GNUS Aug $2 puts? They bring in about $55 per contract.

ONTX way up on the day. Thoughts on taking profits on a portion or just ride it to the $1.00 mark that we are still looking for in the not too distant future?

Champ Bailey said:

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Has ROKU gotten too high in your opinion? Debating about cashing out and waiting for it to drop back down.

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Anybody?

Chart looks fantastic if you have the time to be patient. I'm not selling here.

What hedges do y'all have in place or looking at?

No hedges per se but holding a decent % cash and looking to sell some shares and covered calls on trend highs the next few days to increase cash. I'm not a super active trader though.

What spy hedges recently? I know oa mentioned some somewhat recently

Fireman said:

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I'm letting my ONTX position ride for now.

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Thanks. That was my thought as well, but thought I'd check in for thoughts from others in on this.

YNWA_AG said:

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What hedges do y'all have in place or looking at?

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I have September SPY 300P's that I'm long on, when spy dips I sell 279P's against them, and then when we rip I buy the 279's back. Lather rinse repeat. If we dip enough I'll close the spreads if they're open or sell the 300p's outright.

I also keep SPX put butterfly's open on different time frames that I buy stupid cheap.

Fireman said:

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Boat Shoes said:

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Fireman said:

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I'm letting my ONTX position ride for now.

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I'm not selling until we get back to $25!

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Yep - hoping the Robinhood kids spot it and take us at least to $7.50.

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Hoping DDTG starts pumping as well

McInnis 03 said:

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YNWA_AG said:

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What hedges do y'all have in place or looking at?

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I have September SPY 300P's that I'm long on, when spy dips I sell 279P's against them, and then when we rip I buy the 279's back. Lather rinse repeat. If we dip enough I'll close the spreads if they're open or sell the 300p's outright.

I also keep SPX put butterfly's open on different time frames that I buy stupid cheap.

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What time frame at the 279s?

McInnis 03 said:

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YNWA_AG said:

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What hedges do y'all have in place or looking at?

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I have September SPY 300P's that I'm long on, when spy dips I sell 279P's against them, and then when we rip I buy the 279's back. Lather rinse repeat. If we dip enough I'll close the spreads if they're open or sell the 300p's outright.

I also keep SPX put butterfly's open on different time frames that I buy stupid cheap.

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McInnis,
Could you explain this strategy? So you bough SPY 300p as protection against your naked 279p? But at the same time you're burning premium on your SPY 300p, no?

What's the vote? NFLX stock opens higher tomorrow?

jsap said:

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McInnis 03 said:

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YNWA_AG said:

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What hedges do y'all have in place or looking at?

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I have September SPY 300P's that I'm long on, when spy dips I sell 279P's against them, and then when we rip I buy the 279's back. Lather rinse repeat. If we dip enough I'll close the spreads if they're open or sell the 300p's outright.

I also keep SPX put butterfly's open on different time frames that I buy stupid cheap.

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McInnis,
Could you explain this strategy? So you bough SPY 300p as protection against your naked 279p? But at the same time you're burning premium on your SPY 300p, no?

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he is creating a vertical against the 300p. He could be selling the 279 on down days out 2-4-6 days. And then when spy has a positive day buying them right back so that he can resell the next down day as premiums go up.

jsap said:

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McInnis 03 said:

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YNWA_AG said:

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What hedges do y'all have in place or looking at?

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I have September SPY 300P's that I'm long on, when spy dips I sell 279P's against them, and then when we rip I buy the 279's back. Lather rinse repeat. If we dip enough I'll close the spreads if they're open or sell the 300p's outright.

I also keep SPX put butterfly's open on different time frames that I buy stupid cheap.

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McInnis,
Could you explain this strategy? So you bough SPY 300p as protection against your naked 279p? But at the same time you're burning premium on your SPY 300p, no?

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The original purchase was a vertical spread long 300P, short 279P for September monthly expiry.

As SPY has jostled, it's been up, so the 279P has dropped significantly a couple times. When it gets to a point we've oscillated on (ie: SPY 322) I buy them back. Then I resell them when we take a dive. It's not super lucrative but it's a gain for me. I've done this 2 times. Right now I am waiting for a dive to sell them again.

I've kept the 300P the whole time as I can't sell naked puts without cash security due to this being in my ROTH IRA. Yes, the 300P's oscillate too, but the theta is very low right now with them being so far out. I'll make a decision on them in the coming weeks. If the PCall ratio gets back to .85 or so, I'll dump them, or if they double in price I'll dump them.

With all that being said, I'm probably not the best guy to be taking strategy from.

59 South said:

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Chart looks fantastic if you have the time to be patient. I'm not selling here.

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Thanks. I'd seen an average evaluation at 140, so I was just getting wary. As I usually do when I start to make money lol.

McInnis 03 said:

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McInnis 03 said:

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RUG PULL ABBOTT RUMORS

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Who the hell is floating this crap? It's been all week and is super annoying.

I tried to put on my first iron condor on NFLX but it never filled

Buyout rumors. Technology play

nflx taning and they didn't even announce yet did they?

Edit, yes they did.

Down 12% AH. Yikes.

Damnit NFLX, I was this close to putting in a $480p hedge and didn't pull the trigger

Netflix fell short. EPS waas 1.59 vs 1.81 expectted

Welp I fought all the way back to green...then nflx happened

tramaro1 said:

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Damnit NFLX, I was this close to putting in a $480p hedge and didn't pull the trigger

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I got the 475p. Hopefully it offsets my ROKU losses

boyz05 said:

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What's the vote? NFLX stock opens higher tomorrow?

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LOL

McInnis 03 said:

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I tried to put on my first iron condor on NFLX but it never filled

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be glad it didn't, maybe.

$30,000 Millionaire said:

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boyz05 said:

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What's the vote? NFLX stock opens higher tomorrow?

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LOL

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LOL