What do you Darvas Box guys think of UBER since June 11th?

Grown Pear said:

---

gotsand said:

---

Grown Pear said:

---

Theoretically a naked call is the only option that has unlimited loss potential.

Buy a call or put and you know your max loss (premium).
Sell a put and your max loss is company goes bankrupt to 0

---

Put sellers remain obligated to sell the shares at the strike price. The put holder will get full value at the strike.

---

They're obligated to BUY the shares at the strike price. They know their max loss.

---

Correct. My mistake. Strike is max loss/gain.

Maintained a small position in SNSS. It has to $1 compliant for 10 days by 9/18 which is approaching. Anybody else still holding a little here? Not sure it will make the $1 compliance unless bought or delisted.

TriumphForks said:

---

ONTX bag holders club....

---

In the club with you. Was a great play last week for me with over 33% return. Went back in and then added more with OA 's accumulation yesterday. Trying to decide if I'm adding more today.

Bob Knights Liver said:

---

Is the model T on hold right now when the primary move is positive? I haven't been paying attention to that recently. Or does it work after it stalls a bit and RHbros move back to their next new hotness?

---

Model T doesn't come into play until it shows you that it's coming. You have to wait for a reversal, and news can redefine a stock. ZM just redefined itself with the numbers last night, there is no guarantee of a short term Model T on that move.

TriumphForks said:

---

ONTX bag holders club....

---

People that dumped it and booked the loss can't rebuy before 30 days or they lose the write off. I wouldn't expect any meaningful movement for over a month. JMO

ROKU over 180 to start this morning....

210ag said:

---

Maintained a small position in SNSS. It has to $1 compliant for 10 days by 9/18 which is approaching. Anybody else still holding a little here? Not sure it will make the $1 compliance unless bought or delisted.

---

Yes, I'm still holding some as well. Interested in any feedback you may get.

out of DOCU - hit target.

Damn TWTR is frustrating, was in a triple inside day pattern but broke down while name techs are up. Might have to bail these Sept 4 calls.

Sold covered calls on apple out for weeks. 142.5 strike price for 4 a contract It's hard to be disappointed with 15% return in four weeks If called out.

Anybody following KIRK today? I'm seeing some buzz about people using HOME (who releases their earnings today) as a proxy, and if those numbers look good, they expect KIRK to jump in anticipation of a good report later in the week.

Ragoo said:

---

McInnis 03 said:

---

ETSY is on sale. Hoping into some 9/18 verticals.

---

what makes you think this isn't just trying to catch a falling knife?

---

Not going to say for sure it bottomed yesterday, but it may have bottomed yesterday.

Anyone have any advice on how best to exit a position that you definitely want out of that day? I don't like to sell right at open because there's so much volatility and I miss any chance it has to run that day. Had previously been setting a small trailing stop so that I don't lose any significant profits before selling, but that same volatility often has it quickly gapping down near open only to quickly bounce back after my trailing stop has been taken out.

I know there's no foolproof way to do it, otherwise we'd all be rich -- but would it make sense to wait until 5 minutes after open for the dust to settle and then set a trailing stop?

ZM would be my example today. Quickly gapped down from its $439 open all the way to $411 but within seconds had bounced back. Even a tight trailing stop % at open sold in the $419 range because of the bid/ask spread and volatility.

Anyone in any CHNG options based on OA's rec? I'm in the Oct 14c that is now ITM and am currently up ~25%. Just curious if anyone else is in it an what plans you have?

SQ!!

I would probably sell a portion of them at the open, knowing that it may run and I may leave some on the table but also knowing that I am taking great profit and still have some in case it keeps moving up. If my goal is to sell all that day I would think about de-risking that holding.

Watch TER, trying to play catchup.

Which WDC calls are people in? 9/18 40C?

someone called out FB earlier this morning, it's starting to curl up

McInnis 03 said:

---

Watch TER, trying to play catchup.

---

Today is ex-div day, if people jump in today for the dividend they can bail tomorrow, so watch. It's firing bullish on a 15m squeeze as well.

One alternative hedge for the election volatility might be foreign stocks. Is Buffet's announced move to Japanese stocks related to that line of thinking? I'd like to know if the aggiedaniel's, clays, or others are in on those and if so which exchanges or indexes might be most protected from US election volatility.

AgEng06 said:

---

Anyone in any CHNG options based on OA's rec? I'm in the Oct 14c that is now ITM and am currently up ~25%. Just curious if anyone else is in it an what plans you have?

---

I have a stop limit order on it that I keep bumping up. I don't have any other real plans for it than to ride it until the first 7% drop.

MGNI trying to go up, but that $7.50 resistance. I'm being greedy in wanting it to be like all of my others today.

TER918 $90C making a move

ClutchCityAg said:

---

Which WDC calls are people in? 9/18 40C?

---

I bought Jan and Apr 40C's a couple weeks ago. Up a good bit, gonna wait until they're in the money and then I may start writing call against a portion, may roll up too.

Airlines opened low today but are on healthy climbs right now.

ClutchCityAg said:

---

Which WDC calls are people in? 9/18 40C?

---

I went longer than most, I went OCT monthlies and have cut my position in half already. I have stops in for the rest.....about 20% below what they're doing now.