Boat Shoes said:

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Anyone still in $RLFTF?

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Bought in at .395. I'll ride this one out for a while.

tsuag10 said:

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NRD09 said:

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tsuag10 said:

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NRD09 said:

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tsuag10 said:

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Or, could I sell my 270 and 285 calls at today's peak, and then keep the 275s open for a few more days and let theta (and possibly the market) draw down their value a bit before I close?

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danger will robinson!!!
Unlimited liability!!! Or nearly so. you already have nearly unlimited liability with nothing protecting one of those sold 275s (unless your 285 goes itm, then your net is -1k between those two). If you sell your 270s and the stock keeps running, those 275s you are on the hook for would hurt a lot

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Everything I'm reading about early assignment tells me that it's not likely at all in this situation because there's still a lot of extrinsic value in the premium ($14.03 premium right now)

Am I understanding this correctly?

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not early assignment, just continued growth of the underlying and expiration on the expiration date.
pair up the 275 and 285 as we know max loss on that pair is 1k. You are left with 2 naked 275 calls sold.
What if there's a short squeeze and FB goes to 500? Unlikely but those 2 calls get exercised at a cost of 22,500 each to you. It's possible that theta could help you out with the cost to buy those sold calls back, but if increase in stock price outpaces decay you can end up in a deeper and deeper hole.
I'm just offering my thoughts here because mcinnis, ragoo, prog, etc aren't at the moment...I just feel like I understand what's going on with your trade and it's more risk than I'd feel comfortable taking on

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I appreciate your advice.

I learn a lot on this thread, and I also learn a lot from making mistakes.

It cost me $120 to close that mess up. Total -$256 for the trade.

Mcinnis had it right at first: Don't create more risk by making an emotional decision.

I suppose the best play would have been to buy-to-close the 275s early, and then let the 270 and 280 run until this afternoon.

Thanks again.

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Butterflies really should be renamed caterpillars.....because you want to get them when they're small, and then release them when the'yre big. Sometimes the caterpillar doesn't make it.....and that's ok, Lose small. Say you buy those 275's back, then the stock tanks the next day or two, even a minor pullback could upset the cart. Play the play for what it is, don't turn it into something it's not. Pound good trades into your head, don't make bad trades look good in so much that you're ok with repeating it again.

Of course I sold covered NIO calls yesterday

I ran simulations on these and it is interesting that even if the price is right on target, the value of my flies doesn't really start to accelerate until Thursday. Forces you to hold on until the bitter end if you want a higher return. With the Thursday Fed announcement looming I may try togo net free near the end of the day tomorrow if we are above 2055.

weird day today. diamond hands on AAPL.

Prognightmare said:

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gougler08 said:

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Of course I sold covered NIO calls yesterday

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1) sold NIO calls yesterday
2) Hurricane closing in on your home today
3) ????

It always comes in 3's bro

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3) Kids school is closed for 2 days...let the chaos begin

but McCaterpillar doesn't really have a ring to it... LOL. but great analogy!

No doubt...I did roll the NIO calls though so made it work

Guy on CNBC referring to the sky high valuation of stocks right now, "we're applying a new math to them".

That should give everyone caution, imo.

My worn down Sept $HPE calls may have some life in the morning. Earnings beat and stock up 7% AH

CRM rocket AH

NIO is rocking AH.

Thanks for the advice. I'm learning.

I guess I 'm glad it was only -$250 and not a whole lot more.

Prognightmare said:

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NIO is rocking AH.

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fomo'd into 9/4 21's for next week. Loads of flow on this thing all the way to 9/25. I guess the street is realizing it's worth far more.

I snuck into some Microsoft 217.5 09/18C around 1:30, hope these continue the trend overnight. Booked FB gains early, but a win is a win.

So I think this leaves me with:

• V
• MARA
• MSFT
• OSTK
• AAPL
• ZM
• SPY 342P

NIO can't stop won't stop. sheesh.

Need an update from claym on what he's seeing, someone send up the signal

https://www.cnbc.com/2020/08/25/palantir-files-s-1-before-going-public.html

Quote:

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Data analytics company Palantir Technologies has released its prospectus to debut on public markets. Rather than sell shares through an initial public offering, the company intends to debut with a direct listing, the same unconventional route taken by Slack in 2019 and Spotify in 2018.

Palantir generated nearly a $580 million net loss in 2019 on $742.55 million in revenue, according to the filing.

Palantir, which is named after a magical orb in "The Lord of the Rings" that lets see across vast distances, was co-founded in 2004 by Peter Thiel. Thiel became wealthy as a founder of PayPal and an early investor in Facebook, and was a vocal supporter of President Trump's 2016 election campaign a rarity among tech luminaries.

Given its long history and its size last September Reuters said the company was targeting a valuation of $26 billion or more Palantir had been in a position to go public for years, and investors have long waited to buy shares, as they did for Pinterest, Snap and Uber. Home-renting company Airbnb could be next.

With Palantir's software, clients can clean up a wide variety of data and then display it in various styles to enable many people to explore and take action on it. Recent enhancements enable users to create text documents, analyze data in spreadsheets and view information on maps.

Last month, the company said it had confidentially filed draft paperwork with the U.S. Securities and Exchange Commission. In April CNBC reported the company was hoping to exceed $1 billion in revenue this year.

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Any of you software guys familiar with this company? I like Peter Thiel being in it but companies with big losses going public remind me a lot of the dot com era.

gig em 02 said:

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Need an update from claym on what he's seeing, someone send up the signal

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Isn't he balls deep in the oilfield as his IRL JOB?

$30,000 Millionaire said:

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I snuck into some Microsoft 217.5 09/18C around 1:30, hope these continue the trend overnight. Booked FB gains early, but a win is a win.

So I think this leaves me with:

• V
• MARA
• MSFT
• OSTK
• AAPL
• ZM
• SPY 342P

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I flipped FB end of day, but I held MSFT... It is about to finish a wedge and when it does it should really pop (tomorrow possibly). up AH too! FB looked super strong today, I'm still in a call spread on it and Oct 300's.

Holy Moly are you guys seeing this Sales Force After Hours action on Earnings? +12%.



SalesForce Up Big AH

I probably should have thrown some cash at sales force. They had a lot of potential if there was good earnings, since they were already going to be included in Dow. It seems like going into earnings the stocks with positive or negative press not directly related to earnings have a bigger potential to swing positive or negative if the earnings move in the same direction. I'm sure somebody has studied that to see if that is real or if it just appears that way to me from anecdotal observation.

Jizzle89 said:

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Anyone been checking out $BIGC ?

Out of Austin.. Just IPO'd recently.. All my finance guys in Texas are sinking their teeth deep into it, buying up shares all month so far..

up 17% today.

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Shoulda, coulda, woulda. Up big today.

I thought the QD earnings announcement was supposed to be last Friday 8/21. On TD it is now stating 'Q2 Earnings will announce (Unconfirmed) November 25 2020'.

Did anyone read anything different?

FJ43 said:

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I thought the QD earnings announcement was supposed to be last Friday 8/21. On TD it is now stating 'Q2 Earnings will announce (Unconfirmed) November 25 2020'.

Did anyone read anything different?

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The date will be posted under the events section.

https://ir.qudian.com/index.php/investor-relations

Thanks. I did check there as well but nothing had been updated on the corporate site.

sorry to interrupt but this is important...do you have an FJ43? I saw your username and had to look it up, I've never heard of one and I thought I knew a lot about FJs...

NRD09 said:

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sorry to interrupt but this is important...do you have an FJ43? I saw your username and had to look it up, I've never heard of one and I thought I knew a lot about FJs...

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Don't make us google it bruh.

one of these days I'm gonna have to get me some stars...

so it's a JDM FJ40? RHD, what else is different? Is it a little longer? Yeah I could probably Google it but the markets are after hours and boring. Stonks only going up...