McInnis 03 said:

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$6 SPXS jan calls tomorrow.....we should probably spread this out so we don't spike it against ourselves.

If your last name is A-H, you buy tomorrow, I-K you're on Monday.......LOL

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I got in early for once! I bought some today and another SPY put.

3400 (roughly) would be 50% retrace from the ATH to the drop. Model T FTW.

Amazon says more than 19,000 workers got Covid-19

https://www.cnbc.com/2020/10/01/amazon-says-more-than-19000-workers-got-covid-19.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

FJ43 said:

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krosch11 said:

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Notes from call (I was late 25 minutes in ):
GOCO- long. Flush with cash, low acquisition cost, growing target population. Not doing covered calls as possible rapid rise could cause options to get called out. Patient play looks to have based at 13.

WDC: (missed this had to field another call)

RKT: Ranger called it out. consolidated at 20 broke out. Volume is 5X previous days, earning call is in Nov. Plenty of time now that it has broken from low, for it to make 10 dollar move. Check premiums after earnings call, use to advantage to sell covered calls. Ex( 10 days from earnings , or if it hits 47-48 use options to leverage 50 dollar call at double premium. )

DIS: long term should be good, OA thinks it could pull a ROKU, drop and get labeled a "Sell" by some firms similar to what they did with ROKU at $56 and then pop.

Election is going to be a tumultuous time. If Biden wins, might see initial drop and then rally. Initial policies are still Trump's policies. Afterwards balance of power in the Senate could determine policy change. OA thinks you would see relief rally and then slow bleed after 2 quarters. If Trump wins, could see initial sell off, then would have to watch social discourse which could cause some macro shifts during that time until settled. OA is doing 6 dollar SPXS calls for less than a dollar as a hedge for this scenario. OA could see SPXS above 15 in some of the market fluctuations. For a hedge less than a dollar that's a safe scenario. If you want to go cheaper go with the 8 Dollar.

Spy puts vs SPXS calls - price difference main issue. Spy puts closer to election. OA would buy .5 to .75% of your portfolio value. (almost 1K per every 100K for example.) Spy puts would pay more but cost is significantly higher.

If there is no clear winner on election night and it goes to supreme court, then buckle up.

more to come if the call keeps going.

(if anyone sees a correction needed let me know.)

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PINS - Can learn a lot from this stock (as applies to others as well) a week or so ago when on the 5min had 5% fluctuations. Short squeeze in play and can trade range.

QD - May have based. Overall good company (note it is a Chinese company). Potential good long term play. Sell covered calls to protect fluctuations on this one.

MGNI - Company has capability no one can really match. Working through merger/acquisition normal pains but expects this one to see above $11-12 and into $15.

MBIO - has been being accumulated and found base. Will have spike up and good opportunity to sell covered calls.

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WDC - Buy here at low 36's. Expects this to test 40 again. Sell covered calls after $37.50-$38 30 days out.

I am sure I have missed some points about the ones I listed. Was taking notes faster than I am capable.

Anyone following OSTK/OSTKO closely see any lag in the price action between the two.
The reason i ask is this morning i was getting a position set up to buy OSTKO and checked here and saw that chatter about how OSTK taking off and sure enough later OSTKO joined and i was able to get in before the same ~10% jump in both

I missed the call due to the one day I had to get kids from school.

I may have missed it but was there any discussion with OA on the SNAP 10/16 calls?

boyz05 said:

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I may have missed it but was there any discussion with OA on the SNAP 10/16 calls?

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He is still in and set up looks good

So, regarding SPXX, would it be a reasonable strategy to buy calls a few months out anytime we hit highs on SPY?

cptthunder said:

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Anyone following OSTK/OSTKO closely see any lag in the price action between the two.
The reason i ask is this morning i was getting a position set up to buy OSTKO and checked here and saw that chatter about how OSTK taking off and sure enough later OSTKO joined and i was able to get in before the same ~10% jump in both

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OSTK and OSTKO both trended up straight through day pretty much, however OSTK did spike more % wise the first hour and a half than OSTKO did.

krosch11 said:

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(had to hop on another call so missed the tax question , maybe someone can fill on the gaps ) OA was talking about different tax situations and how to maneuver money in 401Ks to trading accounts etc.

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It was me who asked about the general thoughts on how to trade/invest in a taxable vs non-taxable account. Specifically referring to a RothIRA(with no trading restrictions, that I know of.....) and a general brokerage account (not 401k, SEP, etc). I struggle with how to trade/invest in a Roth. Obviously gains are tax free so any growth is that much more $$ in your pocket, but I find it tough to be risky with a lot of options since contributions are more limited.

Also had a general question on sizing. Take a play like PINS 44C today that has a lot of conviction. Is it a prudent to buy with 1% of your account? 2%? 5? I realize that each person is different and ultimately held to their own actions, but I think sizing strategy isn't given nearly as much attention as it deserves.

Anything on ONTX??

Newb here, but I've only sold covered calls in my roth on stock I plan to hold indefinitely to supplement growth. You could also sell cash secured puts on stock you want to own in an effort to reduce net price. I personally wouldn't be doing terribly speculative stuff with my ira.

tailgatetimer10 said:

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Anything on ONTX??

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Whoops...I will add it to the note consolidation krosch11 got us going with.

tailgatetimer10 said:

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Anything on ONTX??

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Not much. Mentioned that the lack of options on it limits your upside, mostly just a swing trade type of stock. Others like MBIO have options, so buy cheap, wait until spikes and sell covered calls at nearly what you paid for it. Good way to accumulate tons of nearly-free stock.

FJ43 said:

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cptthunder said:

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Anyone following OSTK/OSTKO closely see any lag in the price action between the two.
The reason i ask is this morning i was getting a position set up to buy OSTKO and checked here and saw that chatter about how OSTK taking off and sure enough later OSTKO joined and i was able to get in before the same ~10% jump in both

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OSTK and OSTKO both trended up straight through day pretty much, however OSTK did spike more % wise the first hour and a half than OSTKO did.

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Interesting I might try to keep and eye on this. Im thinking the smaller builds might be muted on OSTKO because of the difference in volume but the larger moves seem to be captured by both at roughly the same times

This was awesome. I got in for the SPXS convo, good chatting.

FJ43 said:

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FJ43 said:

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krosch11 said:

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Notes from call (I was late 25 minutes in ):
GOCO- long. Flush with cash, low acquisition cost, growing target population. Not doing covered calls as possible rapid rise could cause options to get called out. Patient play looks to have based at 13.

WDC: (missed this had to field another call)

RKT: Ranger called it out. consolidated at 20 broke out. Volume is 5X previous days, earning call is in Nov. Plenty of time now that it has broken from low, for it to make 10 dollar move. Check premiums after earnings call, use to advantage to sell covered calls. Ex( 10 days from earnings , or if it hits 47-48 use options to leverage 50 dollar call at double premium. )

DIS: long term should be good, OA thinks it could pull a ROKU, drop and get labeled a "Sell" by some firms similar to what they did with ROKU at $56 and then pop.

Election is going to be a tumultuous time. If Biden wins, might see initial drop and then rally. Initial policies are still Trump's policies. Afterwards balance of power in the Senate could determine policy change. OA thinks you would see relief rally and then slow bleed after 2 quarters. If Trump wins, could see initial sell off, then would have to watch social discourse which could cause some macro shifts during that time until settled. OA is doing 6 dollar SPXS calls for less than a dollar as a hedge for this scenario. OA could see SPXS above 15 in some of the market fluctuations. For a hedge less than a dollar that's a safe scenario. If you want to go cheaper go with the 8 Dollar.

Spy puts vs SPXS calls - price difference main issue. Spy puts closer to election. OA would buy .5 to .75% of your portfolio value. (almost 1K per every 100K for example.) Spy puts would pay more but cost is significantly higher.

If there is no clear winner on election night and it goes to supreme court, then buckle up.

more to come if the call keeps going.

(if anyone sees a correction needed let me know.)

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PINS - Can learn a lot from this stock (as applies to others as well) a week or so ago when on the 5min had 5% fluctuations. Short squeeze in play and can trade range.

QD - May have based. Overall good company (note it is a Chinese company). Potential good long term play. Sell covered calls to protect fluctuations on this one.

MGNI - Company has capability no one can really match. Working through merger/acquisition normal pains but expects this one to see above $11-12 and into $15.

MBIO - has been being accumulated and found base. Will have spike up and good opportunity to sell covered calls.

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WDC - Buy here at low 36's. Expects this to test 40 again. Sell covered calls after $37.50-$38 30 days out.

I am sure I have missed some points about the ones I listed. Was taking notes faster than I am capable.

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Addition to the consolidated krosch11 notes from the OA call....

ONTX - Stock was trading north of $1 until about 8/21 then dropped off with poor result on one of its drugs. Had a high of $1.56 Target still at .25 and below for buy in. Will spike to .40 to go net free shares however at some point will spike above and not return finding a new base most likely. No options available.

cptthunder said:

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FJ43 said:

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cptthunder said:

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Anyone following OSTK/OSTKO closely see any lag in the price action between the two.
The reason i ask is this morning i was getting a position set up to buy OSTKO and checked here and saw that chatter about how OSTK taking off and sure enough later OSTKO joined and i was able to get in before the same ~10% jump in both

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OSTK and OSTKO both trended up straight through day pretty much, however OSTK did spike more % wise the first hour and a half than OSTKO did.

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Interesting I might try to keep and eye on this. Im thinking the smaller builds might be muted on OSTKO because of the difference in volume but the larger moves seem to be captured by both at roughly the same times

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And not as readily available on all platforms.

Probably worth a view of you're still navigating the learning process. Scott is good.

I was looking at OSTKO today as it lagged OSTK and then saw this note from my brokerage:
Please note: Preferred stocks are often callable, meaning the issuing company may redeem the stock at a certain price after a certain date. Please call a fixed income specialist at 877-765-7147 to obtain call information before investing in preferred stocks.

That made me think twice, and I didn't buy. Not sure what additional risk I'm taking with OSTKO

McInnis 03 said:

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Probably worth a view of you're still navigating the learning process. Scott is good.

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Good thing I checked before I posted this. Glad you got it on here. Since we are in head spinning educational training mode might as well add some more.

MGNI - There was a lot of good information on today's call regarding specific stocks including MGNI. I am already in this pretty decently but OA seems very confident in this company overall and it's the long term outlook. Looking for anywhere from $12-$15 share outlook (last AH trade was at $7.23) there may be a lot of various trading opportunities with it. It has steadily increased for about 10 days now and is being accumulated nicely. Based on everything we heard today along with the charts on this one, tomorrow I plan to add more shares. My average is right below $6 on this one now. Nothing like averaging up.

Thank you all for the notes!

Andy07 said:

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I was looking at OSTKO today as it lagged OSTK and then saw this note from my brokerage:
Please note: Preferred stocks are often callable, meaning the issuing company may redeem the stock at a certain price after a certain date. Please call a fixed income specialist at 877-765-7147 to obtain call information before investing in preferred stocks.

That made me think twice, and I didn't buy. Not sure what additional risk I'm taking with OSTKO

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Can't sell options on it like you can with OSTK. Consensus is when it is available across more platforms it will surpass OSTK.

CrazyRichAggie said:

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AgShaun00 said:

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I missed the call due to the one day I had to get kids from school.

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You didn't have to call in on a landline

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Didn't see thread till after.

Called QD his riskiest... could be basing but no telling for how long.

Just realized the dud that is ZOM never got brought up on the call.

OA said to drop that one a while back, when it was about 0.17.