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Tumble Weed
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10:48a, 7/20/20
Never bought options before. Bought my first call today for INTC.

On TDA it was a buy to open. I do not plan on exercising options.

Please explain the difference between sell to open and sell to close.

Edit to add:
I bought INTC Jul 24 2020 61.5 Call (Weekly) for .97 , it is currently at 1.07 .

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I bleed maroon
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In reply to Tumble Weed • 10:51a, 7/20/20
AG
Tumble Weed said:
Never bought options before. Bought my first call today for INTC.

On TDA it was a buy to open. I do not plan on exercising options.

Please explain the difference between sell to open and sell to close.

For calls, a sell to open is commonly used for writing (selling) covered calls. Selling to close is the exit for a position you have bought to open. For puts, it's the reverse. Short summary:

Bullish? Buy calls or sell puts

Bearish? Sell calls or buy puts

To exit any of these, do the opposite of the original order.
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Phat32
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10:52a, 7/20/20
AG
Anyone else still on ETTX? Thinking of going free.
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topher06
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In reply to Tumble Weed • 10:53a, 7/20/20
Tumble Weed said:
Never bought options before. Bought my first call today for INTC.

On TDA it was a buy to open. I do not plan on exercising options.

Please explain the difference between sell to open and sell to close.

Edit to add:
I bought INTC Jul 24 2020 61.5 Call (Weekly) for .97 , it is currently at 1.07 .

Sell to close would be "selling" the call option you just purchased. You can only Sell to Close if you own the underlying option.

Sell to open would be selling a call option to someone else. I suppose this would be almost a direct offset to the call option you just purchased, but you won't be able to sell to open unless you have margin enabled in your account or you own the underlying security (selling a covered call).
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Aston04
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10:54a, 7/20/20
AG
Ibio up 72 perc.! Let's go!!! Bought at 3.20 Friday.. 6.50 now. Wow
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topher06
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10:54a, 7/20/20
Travel/casino stocks are not liking the day so far.
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tsuag10
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In reply to $30,000 Millionaire • 11:00a, 7/20/20
AG
Thank you - and pacecar02 - for the info.

Learning something every day on this thread.
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McInnis 03
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11:01a, 7/20/20
AG
Tech is once again doing it's best "Atlas" impression while holding up the world. The remaining sectors seem neutral to weak at best. S&P will climb, but is this enough to really go nuts? I don't know.
***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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AGSmith
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In reply to GtownRAB • 11:05a, 7/20/20
AG
When ONTX was hovering around .90 on Friday, OA posted saying to cover your basis by selling less than half, if possible.
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TecRecAg
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11:06a, 7/20/20
AG
Damn ZM
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McInnis 03
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In reply to TecRecAg • 11:08a, 7/20/20
AG
TecRecAg said:
Damn ZM
I should have been more patient, but I turned 260C's I bought this morning into no risk 270 butterflies for Friday. Only 5 wide though.
***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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Tumble Weed
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11:08a, 7/20/20
INTC has an earnings release on July 23

I own a July 24 Call.

When exactly does the call expire. End of business day on the 24th? I plan on selling the option before it expires. I would like to sell (sell to close) the option after the earnings release.


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McInnis 03
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11:12a, 7/20/20
AG
This is good news no matter how you shake 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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AGSmith
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In reply to Tumble Weed • 11:16a, 7/20/20
AG
Tumble Weed said:
INTC has an earnings release on July 23

I own a July 24 Call.

When exactly does the call expire. End of business day on the 24th? I plan on selling the option before it expires. I would like to sell (sell to close) the option after the earnings release.


Yes, it will expire at the end of the day on July 24, resulting either in assignment or a worthless expiration. You can sell the option at any point prior to that.
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TecRecAg
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In reply to McInnis 03 • 11:22a, 7/20/20
AG
I don't even want to talk about what I did.
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AgShaun00
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In reply to McInnis 03 • 11:24a, 7/20/20
AG
McInnis 03 said:
TecRecAg said:
Damn ZM
I should have been more patient, but I turned 260C's I bought this morning into no risk 270 butterflies for Friday. Only 5 wide though.
i did a 10 min trade from sam on zm and made 50%.
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Mister Cooper
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11:30a, 7/20/20
AG
The smart move would be to unload some profits from ONTX, but I really want to let this baby run
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Rice and Fries
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In reply to Mister Cooper • 11:35a, 7/20/20
maroon19 said:
The smart move would be to unload some profits from ONTX, but I really want to let this baby run
I just went net free. Never be too greedy to take profits....
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Jet Black
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11:37a, 7/20/20
Net free on ONTX, baby.
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Jet Black
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In reply to Rice and Fries • 11:38a, 7/20/20
Rice and Fries said:
maroon19 said:
The smart move would be to unload some profits from ONTX, but I really want to let this baby run
I just went net free. Never be too greedy to take profits....


Same
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$30,000 Millionaire
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11:41a, 7/20/20
AG
TSLA - wow.
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topher06
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In reply to $30,000 Millionaire • 11:45a, 7/20/20
$30,000 Millionaire said:
TSLA - wow.
The big tech stock prices are completely healthy and normal right now.
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Shiner Bock
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11:45a, 7/20/20
add another to the ONTX net free list
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Ragoo
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In reply to $30,000 Millionaire • 11:47a, 7/20/20
AG
$30,000 Millionaire said:
TSLA - wow.
thought I saw news that they will for sure move to S&P500
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AgShaun00
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In reply to $30,000 Millionaire • 11:47a, 7/20/20
AG
$30,000 Millionaire said:
TSLA - wow.
just went up 100% on my tsla options in less than 30 mins. crazy
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GtownRAB
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In reply to AGSmith • 11:49a, 7/20/20
AG
AGSmith said:
When ONTX was hovering around .90 on Friday, OA posted saying to cover your basis by selling less than half, if possible.
Went net free today on ONTX shares and PFE Dec Calls and made my first donation to Old Army's fundraiser. Thanks again for the help, I will be lurking looking for more opportunities to make money (and donations!)
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Stupid Sexy Flanders
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In reply to Shiner Bock • 11:50a, 7/20/20
Shiner Bock said:
add another to the ONTX net free list
Same
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oldarmy1
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11:51a, 7/20/20
AG
So being that this is the final week of the pay for sitting at home to many the question is will the government sell us further down the river and re-up it? Likely which would all but guarantee markets test all time highs. But I'm sure the politics back and forth will create a down day into any agreement so if we reach close to $325 SPY I'm grabbing $320 Puts out to next Monday and would close half but look to buy shares against remaining on any move below $320.
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AgEng06
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11:55a, 7/20/20
AG
I miss Irish and his CheddarFlow screen grabs during the next few weeks of earnings.
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HouAggie
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11:56a, 7/20/20
AG
One more for net free on ONTX. Sold half my shares at $1.15.
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khaos288
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12:01p, 7/20/20
AG
Net free party +1 here!


Wish I hadn't sold my long position in my play account. Took a 15% win there. Oh well. 401k bolstered for sure.
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mavsfan4ever
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12:05p, 7/20/20
AG
Is there news causing the ONTX run up today? I'm still holding all of my shares for now. It sounds like some people are expecting good news to drop sometime this week to cause it to run even higher. I guess that could explain the insider buys that happened recently.
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Stupid Sexy Flanders
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12:07p, 7/20/20
Ok, so where else can I put my money to go net free? I just need one more...then I'll quit...come on, just one more, baby!
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TxAG#2011
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12:07p, 7/20/20
I'm selling the news on ONTX whenever that happens
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Boat Shoes
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In reply to mavsfan4ever • 12:08p, 7/20/20
AG
mavsfan4ever said:
Is there news causing the ONTX run up today? I'm still holding all of my shares for now. It sounds like some people are expecting good news to drop sometime this week to cause it to run even higher. I guess that could explain the insider buys that happened recently.


The volume is crazy. Robin Hood get wind of our stock?
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