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SpeedyAg90
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In reply to McInnis 03 • 2:10p, 7/27/20
AG
Lol, I know what you mean. I think of it as gambling still, just a little more in control of are odds/risks and minus the casino taking juice.
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tailgatetimer10
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In reply to GigEmRangers75455 • 2:12p, 7/27/20
AG
I have no clue what to do with this thing. I threw some money at it after it was brought up here. I agreed with the initial assessment. However, never did I expect this. I sold my initial investment, but clearly by now I have much more in it than I originally had. Is anyone else stepping out of this thing? It's out of my realm of knowledge now....
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GigEmRangers75455
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In reply to tailgatetimer10 • 2:19p, 7/27/20
tailgatetimer10 said:
I have no clue what to do with this thing. I threw some money at it after it was brought up here. I agreed with the initial assessment. However, never did I expect this. I sold my initial investment, but clearly by now I have much more in it than I originally had. Is anyone else stepping out of this thing? It's out of my realm of knowledge now....


I went net free and kept buying back after that. I'm back to only about 50% free at this point and had an order in this morning if it touched 3.80 which would be the most I would own a block for and it never filled. I'm just accumulating because avg is still under 1.00 and this is all about amount of shares at buyout/settlement.
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TecRecAg
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In reply to TecRecAg • 2:30p, 7/27/20
AG
TecRecAg said:
I know this happens because of my lack of discipline but Lord... I can't help but think there is someone with a "drive down the price" button with their thumb hovering over it everytime I buy a BABA call. Killin me Petey!
Against my better judgement, I held on to these all day through a ~40% loss. Just now went green to 4%.

Nothing more than gamble but boy it has me sweating.
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McInnis 03
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In reply to $30,000 Millionaire • 2:30p, 7/27/20
AG
$30,000 Millionaire said:
McInnis - I don't know if the expected move of PFE is going to be enough to justify it. FFIV and MCD have good ranges. PFE if I'm calculating right (right now) only has a $1.50 expected move.
I'm sitting today out, but if I were to make a play it'd probably be on FFIV and I'd do a 140p 160c short strikes IC on it....but I'm just not feeling it today.
***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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McInnis 03
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2:31p, 7/27/20
AG



***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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$30,000 Millionaire
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2:32p, 7/27/20
AG
MCD iron fly sold 200 C / 200P, bought 207.5C and 192.5P for $4.90 in credit
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$30,000 Millionaire
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2:35p, 7/27/20
AG
FFIV iron fly sold 150 C/P, bought 160C and 140P for 6.35 credit
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wanderer
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2:42p, 7/27/20
I have some calls (SQ, NIO, PFE) that are all net free that don't expire until December.

Is there a best way to capitalize on long term net free calls instead of just letting them sit there?
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ProgN
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2:47p, 7/27/20
Any of y'all know anything about CAPR?

A friend pointed it out today and looks covid related but all these covid stocks remind me of all the dotcom stocks in the late 90's.
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$30,000 Millionaire
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In reply to wanderer • 2:47p, 7/27/20
AG
wanderer said:
I have some calls (SQ, NIO, PFE) that are all net free that don't expire until December.

Is there a best way to capitalize on long term net free calls instead of just letting them sit there?
sell verticals against them
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Brewmaster
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In reply to HoustonAg2014 • 2:48p, 7/27/20
AG
Aggiesincebirth said:
gougler08 said:
Aggiesincebirth said:
ROKU consolidation looks like it is gearing up for a big move, no?


Definitely in a bull flag pattern on the daily chart
If you get a chance can you post what this might look like? I can google what a bull flag chart looks like in general and have, but real life examples always help. If not no worries at all. Just trying to learn a little more on when to look for those.


Side note bought calls on Visa exp Friday. Thinking if it can clear $200 it will fly back to it's all time high of around $213. Got them for $0.37 per contract stike $207.5.
ROKU daily

I don't see a flag on the daily, but I do a see a pennant, bullish either way though.

more intriguing, I see a Darvas box on the hourly chart!


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$30,000 Millionaire
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2:58p, 7/27/20
AG
McInnis - I went ahead and did PFE for you at $1.25 credit, +/- $2 from sold strikes. only 2 contracts though because I think this is a riskier one.
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HoustonAg2014
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In reply to Brewmaster • 2:58p, 7/27/20
AG
BREwmaster said:
Aggiesincebirth said:
gougler08 said:
Aggiesincebirth said:
ROKU consolidation looks like it is gearing up for a big move, no?


Definitely in a bull flag pattern on the daily chart
If you get a chance can you post what this might look like? I can google what a bull flag chart looks like in general and have, but real life examples always help. If not no worries at all. Just trying to learn a little more on when to look for those.


Side note bought calls on Visa exp Friday. Thinking if it can clear $200 it will fly back to it's all time high of around $213. Got them for $0.37 per contract stike $207.5.
ROKU daily

I don't see a flag on the daily, but I do a see a pennant, bullish either way though.

more intriguing, I see a Darvas box on the hourly chart!


Thank you! I have a lot of studying to do that is for sure. I would not know where to draw the lines for that triangle or the darvas box.

I assume if you have a darvas box on the hourly, it needs to breakout to see a follow through tomorrow?
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TheCellarDoor
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3:03p, 7/27/20
AG
CX went nuts at the end. Was that you OA?
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Touchless
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3:05p, 7/27/20
AG
TSLA today, wow. Hoping it can get above $1700 by the end of the week. I did my first fly at the end of last week for $.65. $1700/$1750/$1800.
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gougler08
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In reply to HoustonAg2014 • 3:10p, 7/27/20
AG
Aggiesincebirth said:
gougler08 said:
Aggiesincebirth said:
Roku consolidation looks like it is gearing up for a big move, no?


Definitely in a bull flag pattern on the daily chart
If you get a chance can you post what this might look like? I can google what a bull flag chart looks like in general and have, but real life examples always help. If not no worries at all. Just trying to learn a little more on when to look for those.


Side note bought calls on Visa exp Friday. Thinking if it can clear $200 it will fly back to it's all time high of around $213. Got them for $0.37 per contract stike $207.5.
Here's where I have it now...with the green line the extended move up from the last couple of weeks and the red lines the "flag" where there is resistance and support. In theory, the when breaking a bull flag with volume you'll get another extended move up similar to the first (2nd green line) so could see up to $200, but think you'd need S&P at all time highs to even have a chance of that

And Brew is right, more of a pennant, but same general principle either way

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McInnis 03
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In reply to wanderer • 3:15p, 7/27/20
AG
wanderer said:
I have some calls (SQ, NIO, PFE) that are all net free that don't expire until December.

Is there a best way to capitalize on long term net free calls instead of just letting them sit there?
Absolutely, you can sell covered calls against them.
***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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$30,000 Millionaire
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3:16p, 7/27/20
AG
so far, F5 well within expected move.
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Brewmaster
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In reply to HoustonAg2014 • 3:19p, 7/27/20
AG


Quote:
Quote:
ROKU...
Thank you! I have a lot of studying to do that is for sure. I would not know where to draw the lines for that triangle or the darvas box.

I assume if you have a darvas box on the hourly, it needs to breakout to see a follow through tomorrow?

Yes if it broke out this afternoon and into the close, that would be above 158.90 (top of the box) and bottom of the box is support @ 145.50. It will be interesting to see what it does tomorrrow.

I bought a 157.5 C this morning. I'm hoping it breaks out this week
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HoustonAg2014
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In reply to gougler08 • 3:42p, 7/27/20
AG
gougler08 said:
Aggiesincebirth said:
gougler08 said:
Aggiesincebirth said:
Roku consolidation looks like it is gearing up for a big move, no?


Definitely in a bull flag pattern on the daily chart
If you get a chance can you post what this might look like? I can google what a bull flag chart looks like in general and have, but real life examples always help. If not no worries at all. Just trying to learn a little more on when to look for those.


Side note bought calls on Visa exp Friday. Thinking if it can clear $200 it will fly back to it's all time high of around $213. Got them for $0.37 per contract stike $207.5.
Here's where I have it now...with the green line the extended move up from the last couple of weeks and the red lines the "flag" where there is resistance and support. In theory, the when breaking a bull flag with volume you'll get another extended move up similar to the first (2nd green line) so could see up to $200, but think you'd need S&P at all time highs to even have a chance of that

And Brew is right, more of a pennant, but same general principle either way

Thank you to the both of you! Very helpful for me to see.

I thought about buying out of the money calls for next month but I like those 157.5! It seems to bounch off that 156-158 range, but when it breaks out I think it will fly! I just pray that this time they explode up on earnings vs the last couple... I have a good feeling about this one.
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wanderer
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In reply to McInnis 03 • 3:46p, 7/27/20
McInnis 03 said:
wanderer said:
I have some calls (SQ, NIO, PFE) that are all net free that don't expire until December.

Is there a best way to capitalize on long term net free calls instead of just letting them sit there?
Absolutely, you can sell covered calls against them.
I've sold covered calls against shares that I own, but selling covered calls against call options?

I'm not able to wrap my head around that, guess I need to poke around google.
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McInnis 03
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In reply to wanderer • 3:49p, 7/27/20
AG
wanderer said:
McInnis 03 said:
wanderer said:
I have some calls (SQ, NIO, PFE) that are all net free that don't expire until December.

Is there a best way to capitalize on long term net free calls instead of just letting them sit there?
Absolutely, you can sell covered calls against them.
I've sold covered calls against shares that I own, but selling covered calls against call options?

I'm not able to wrap my head around that, guess I need to poke around google.
So I do it all the time. I think the key here is that what you sell against it has to be equal to or greater than the call you have.

So if you have a 95C for January, you can sell 95C's or higher in the near term until you're either called out or you decide to close the transaction
***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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Rice and Fries
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3:51p, 7/27/20
Over/Under on how long it'll take the next round of stimulus package to pass? I'm thinking we set it at Two weeks....

and I'm taking the over.
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Rice and Fries
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4:10p, 7/27/20
Intel's chief engineering office is leaving....

Still not gonna help them catch up to AMD
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Rice and Fries
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4:21p, 7/27/20
PFE is starting Phase 3, up above $38.50 in after hours.
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khaos288
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In reply to Rice and Fries • 4:28p, 7/27/20
AG
Rice and Fries said:
PFE is starting Phase 3, up above $38.50 in after hours.


Insert fomo. Should have bought 2000 instead of 200 shares
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Rice and Fries
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4:28p, 7/27/20
Hey man, money is money!
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Rice and Fries
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4:29p, 7/27/20
SLV is up over $23!
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khaos288
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In reply to Rice and Fries • 4:36p, 7/27/20
AG
Rice and Fries said:
Hey man, money is money!


Very true! Since I decided to stop swing trading options, I've made decent money, and slept a lot better.
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SpeedyAg90
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5:02p, 7/27/20
AG
MARA !!!
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Fireman
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5:16p, 7/27/20
AG
Bitcoin = $11,275....$RIOT @ $2.99.
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Brewmaster
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In reply to SpeedyAg90 • 5:28p, 7/27/20
AG
SpeedyAg90 said:
MARA !!!
goodness! RadioSilentPlay is killing it, glad I got in on this one! and I owe McInnis some beer!
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gvine07
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In reply to Brewmaster • 6:14p, 7/27/20
AG
That's what I was thinking! It's not exactly a market where everything goes up, either
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McInnis 03
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6:17p, 7/27/20
AG
I'm here for 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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