I managed to get $2 net out of the COST iron fly.

$30,000 Millionaire said:

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I managed to get $2 net out of the COST iron fly.

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I'm going to let the condors expire fully unless I need the cash to trade something today.

oldarmy1 said:

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INMD engaged

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Still like 2.4 for 40c oct16?

Yup

I would do the same. My trade was contingent on being close to 345. After it dumped to bottom of range I exited for ~30% profit. Not 50%. Will it come up, I don't know, but sometimes you need to take the cash, especially on an ER trade. Quick $1000 for 5 contracts.

oldarmy1 said:

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Yup

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Ok thanks!

Anyone have a good website or article for calculating what the increase or decrease in premiums for an option would be if the underlying stock moved X% ?

MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

FJ43 said:

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MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

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I finally took the loss yesterday. I was stubborn waiting on a rebound. I at least made some option profits on the way up, but gave most of it back owning the stock.

FJ43 said:

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MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

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Are you selling calls? I am bag holding 3400 shares. I am selling calls out 30-60 days on any spike. Have been from the beginning. Not worried as long as I can continue generating cash. I use the cash to buy other assets for long holds.

I'm long $NLS right now. I think they're piggybacking off of PTON and they're hitting ATH's in this recent macro pullback. May be one to watch going forward. These guys own Bowflex, Modern Movement, Nautilus, Octane Fitness, Schwinn Fitness, and Universal.

Thought today would maybe be the day mgni breaks up. Maybe Monday

Trying out Tradingview.com, and I'm not figuring out how to use the 8/21/50/200 EMAs. They vary depending on the time horizon selected, which to me is counter intuitive to how I thought the EMAs worked. On the monthly, time horizon, I get numbers that match up with what Redler and others post, but when trying to view them overlaid with the daily candles, they're all the same number.

Question is, how do you view the EMAs while also looking at the daily candles? Or am I just thinking about it wrong?

Ragoo said:

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FJ43 said:

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MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

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Are you selling calls? I am bag holding 3400 shares. I am selling calls out 30-60 days on any spike. Have been from the beginning. Not worried as long as I can continue generating cash. I use the cash to buy other assets for long holds.

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No I haven't been. I sold the bulk of my shares right at the drop to minimize my position risk on it as it bled down. Just sitting on 4,000 shares remaining with an average cost of $2.15. I will just let it ride and if/when it breaks the $2.15 mark I will set a tight stop loss.

Ragoo said:

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FJ43 said:

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MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

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Are you selling calls? I am bag holding 3400 shares. I am selling calls out 30-60 days on any spike. Have been from the beginning. Not worried as long as I can continue generating cash. I use the cash to buy other assets for long holds.

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Same. I bought back 50% of them on the spike low.

I still have my March $4 covered calls sold at $0.98 now $0.30 and I tried to buyback on spike low $0.20 with no success, so if I get $4 called out it will still be a happy day.

ClutchCityAg said:

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Anyone have a good website or article for calculating what the increase or decrease in premiums for an option would be if the underlying stock moved X% ?

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www.optionsprofitcalculator.com

QQQ challenging yesterday's HOD. A strong move to reclaim the 10DMA at ~270.5 on the close, bullish sentiment would be in about 75% for me. Get the 50DMA (~273.6) back next week and strong push back to the ATHs for elections

CreakinDeacon said:

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QQQ challenging yesterday's HOD. A strong move to reclaim the 10DMA at ~270.5 on the close, bullish sentiment would be in about 75% full swing. Get the 50DMA (~273.6) back next week and strong push back to the ATHs for elections

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Was just coming to post that you may have been a day early... 270+ things could get real interesting. Just took out yesterday's high.

59 South said:

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CreakinDeacon said:

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QQQ challenging yesterday's HOD. A strong move to reclaim the 10DMA at ~270.5 on the close, bullish sentiment would be in about 75% full swing. Get the 50DMA (~273.6) back next week and strong push back to the ATHs for elections

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Was just coming to post that you may have been a day early... 270+ things could get real interesting. Just took out yesterday's high.

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267.6 will be bigly for the close. Would still give the close over the 5DMA, but not as much confidence moving into next week.

kylewhitener said:

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ClutchCityAg said:

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Anyone have a good website or article for calculating what the increase or decrease in premiums for an option would be if the underlying stock moved X% ?

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www.optionsprofitcalculator.com

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Ah this is exactly what I needed thank you

FJ43 said:

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Ragoo said:

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FJ43 said:

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MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

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Are you selling calls? I am bag holding 3400 shares. I am selling calls out 30-60 days on any spike. Have been from the beginning. Not worried as long as I can continue generating cash. I use the cash to buy other assets for long holds.

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No I haven't been. I sold the bulk of my shares right at the drop to minimize my position risk on it as it bled down. Just sitting on 4,000 shares remaining with an average cost of $2.15. I will just let it ride and if/when it breaks the $2.15 mark I will set a tight stop loss.

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of it gets to 2.15 then sell the closest $2.5 call. Use the asset to generate cash flow.

CreakinDeacon said:

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267.6 will be bigly for the close. Would still give the close over the 5DMA, but not as much confidence moving into next week.

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Another thing to note (assuming this holds today and doesn't crash) is the weekly candle is looking a bit reversally. Could be a nice set up into the next couple of weeks to take another shot at 280.

oldarmy1 said:

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https://www.fool.com/investing/2020/09/25/3-stocks-to-buy-to-avoid-the-market-bubble/

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Are you more bullish on MGNI or MBIO? You seem pretty high on both, but not sure if you have a preference between the two if you had to pick just one.

ONTX

59 South said:

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CreakinDeacon said:

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267.6 will be bigly for the close. Would still give the close over the 5DMA, but not as much confidence moving into next week.

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Another thing to note (assuming this holds today and doesn't crash) is the weekly candle is looking a bit reversally. Could be a nice set up into the next couple of weeks to take another shot at 280.

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Very good point. Didn't even think to look at the weekly today. Especially since it is the last full week September.

Ragoo said:

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FJ43 said:

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Ragoo said:

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FJ43 said:

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MARA just junks up my dashboard. I might as well take the loss so I don't have to look it.

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Are you selling calls? I am bag holding 3400 shares. I am selling calls out 30-60 days on any spike. Have been from the beginning. Not worried as long as I can continue generating cash. I use the cash to buy other assets for long holds.

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No I haven't been. I sold the bulk of my shares right at the drop to minimize my position risk on it as it bled down. Just sitting on 4,000 shares remaining with an average cost of $2.15. I will just let it ride and if/when it breaks the $2.15 mark I will set a tight stop loss.

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of it gets to 2.15 then sell the closest $2.5 call. Use the asset to generate cash flow.

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Thanks...good thought.

Now you got me looking at the monthly as well... needs to go up from here through Wednesday to avoid the bearish engulfing.

The SPY weekly and monthly look horrendous. I'm guessing the big banks are dragging it down. I've recently pivoted to watching QQQ. It's way more aligned with the stocks that I own.

Just bought some QQQ puts for protection of a dump today. Not digging the rejections.

stay or get hedged... run ups today seem to sell off, rip into close may just be a short squeeze. DXY wants more (just been ripping all morning) and look at oil. DUG (oil short) is up a couple more bucks today. GC (gold futures) also look like ****e. I've seen this tape before...they won't get me this time.

Anyone jumping in ACB while it's down this low?

I'm not suggesting either way, just curious if anyone has any thoughts.

PINs volume and pop