MBIO200918C5 is up 108% today.

Gosh I hope the bump happens before Sept for y'all!.

oldarmy1 said:

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Never want to pump a stock but MBIO has all the early signs for a big pop move. Just DO NOT get caught flat-footed. Explore options and determine strategy. I have sells hidden above $4.50 and also a covered call strategy mapped out at that point using March $7.50 calls.


Baseline support intraday $3.29 before attention caught it. Not too concerned over any drifting. No where to go.

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march calls weren't much different in price than dec on the $5

Bought shares.

I'm going to lose a significant portion of my NIO holdings Friday to a $13 covered call if we stay here. Bummer but it brings up another thought on long term trades. If Biden wins the Capital Gains taxes will rocket so I would likely cash in a number of gains for the 2020 tax year and hope Congress doesn't have a retro Obama-like era tax.

MBIO with goal posts forming

I show less than 1 million shares short on MBIO. That's less than a days interest to cover. This will be a groundswell move over short covering.

Glad I didn't ***** out on GOCO. Almost back to even on my purchase now.

McInnis 03 said:

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TESLA $1812

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I'm pretty bullish, but this TSLA stuff makes zero sense to me.

Agree. The fact its almost double the value of XOM is nuts.

Y'all hush and let me potentially enjoy this before it overshoots my fly by Thursday.

Anyone going for a Wednesday Put Call Spy straddel get your calls now. $339

oldarmy1 said:

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Anyone going for a Wednesday Put Call Spy straddel get your calls now. $339

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When you see above $338 buy the $337 Puts

NRD09 said:

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$15+ you say!?
.2 for a september $5c?
Yes, please!

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one massive Darvas Box! MBIO

in as well at .20!

TheCellarDoor said:

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The good news is I've figured out what to do with my single Jan 22 1800c. When it becomes 5 options of 360c, I'll sell 2 of them and then let the rest ride! With the split and S&P inclusion likely soon as well as a promising battery day, this thing could remain stupid for a bit longer.

And don't underestimate Robin Hood's excitement about the potential for a $420/share stock again.

Of course, Elon could tweet and undermine the whole thing any minute. 14 more days!

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Doesn't the option become a non-standard? It doesn't split in the same way the stock does.

What the hell happened to MARA?

BTW, if it's me, and that thing is net free....I'm selling the 2250C against it this week and pocketing $600+

BREwmaster said:

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NRD09 said:

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$15+ you say!?
.2 for a september $5c?
Yes, please!

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one massive Darvas Box! MBIO

in as well at .20!

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I hate it if we get a spike after hours and are locked out of the options. You could leverage these September $5 calls by selling March $7.50 calls and your 20 cent call is $5.20 to call out with $7.50 + whatever premium it reaches. Heck, right now the March $7.50 calls have a bid at $0.75 for an $8.25 net. Only thing is to decide to call out shares or not by Sept expiration. Should have clear breakout or no by then, so meaningful. We get a spike to $5+ and those $7.50's premium out probably $2+.

If the split is a whole number (2:1, 3:1, 5:1) then it splits just like a stock. Strike goes down and option contracts go up to keep you whole. If it's a fraction like 3:2 or 4:3, then it becomes non standard (you get more shares for the single contract).

Thanks for the explanation

ehrmantraut said:

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What the hell happened to MARA?

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recycling after not breaking out throughout the day. You get nervous sellers late.

oldarmy1 said:

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oldarmy1 said:

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Anyone going for a Wednesday Put Call Spy straddel get your calls now. $339

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When you see above $338 buy the $337 Puts

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Be ready.....could be a flash above $338 only or it could move hard to challenge days highs and set up another run at all-time highs. Your calls have moved up 18-26% depending on execution.

GM just quietly broke $30

I've got a TSLA 2200C that is way up, does it make sense to sell a 2300C or am I missing something in the analysis

I'd definitely take profits on TSLA where I could. Maybe I'm just too old to understand the market on that stock.

topher06 said:

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I'd definitely take profits on TSLA where I could. Maybe I'm just too old to understand the market on that stock.

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I remember doing that when it hit $300 thinking the exact same thing...

gig em 02 said:

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I've got a TSLA 2200C that is way up, does it make sense to sell a 2300C or am I missing something in the analysis

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What's your 2200 expiry?

oldarmy1 said:

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oldarmy1 said:

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oldarmy1 said:

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Anyone going for a Wednesday Put Call Spy straddel get your calls now. $339

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When you see above $338 buy the $337 Puts

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Be ready.....could be a flash above $338 only or it could move hard to challenge days highs and set up another run at all-time highs. Your calls have moved up 18-26% depending on execution.

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what fills did you get on these? I got the calls for .85 and the puts for .99, but the calls dropped a dime. Is IV dropping or theta eating these up or did I just get bad fills?

8/21

My thought was a 2300C for 8/21 would lock in $500 with a $10,000 upside