If you haven't gotten all the SPXS Jan. 21 Cs you want, today is probably the day.

Buying some SPY puts for Wednesday, we'll see if turnaround Tuesday rears it's ugly head.

Anyone still playing WDC to gap fill?

Stopped out on my PYPL vertical there at the end of the day. I'll look at it again as it was 200/210c for OCT 30

I'm in on SPY and QQQ puts for Friday.

ClutchCityAg said:

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after reading overstock CEO first hand account of how IPO work and these "research" firms that are on retainer to publish whatever hedge funds want, make me more suspicious of these.

E said:

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McInnis 03 said:

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DIS up $3-4 after hours on reorganization news.

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Up over $130!!!!

Thank god, I was about to give up on my 10/30 $130's...

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Congrats, they're going to run. This is a BIG BIG pivot by Disney.

Glad I held my 10/16 $130 dis calls I bought this morning despite being down 50% on them today!

I am looking at covered calls on CWH. I went out to March 19 - and $40 covered calls are $3.30...

Am I missing something? My cost basis is $30, I know CWH is bullish but that premium seems a lot still

New to options - don't crucify me!

AgShaun00 said:

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ClutchCityAg said:

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after reading overstock CEO first hand account of how IPO work and these "research" firms that are on retainer to publish whatever hedge funds want, make me more suspicious of these.

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oh , fu**.

who they got this time? I know Hindenberg gets a lot of flack, but they are often right too and they can tank a stock for longs pretty good if they want.

Of course I sold NET last week in my ongoing move to cash.

Congrats to you that have it though.

Fireman said:

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If you haven't gotten all the SPXS Jan. 21 Cs you want, today is probably the day.

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I added 5C's for 11/20. Any little drop from here and these are ITM.

BREwmaster said:

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Fireman said:

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If you haven't gotten all the SPXS Jan. 21 Cs you want, today is probably the day.

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I added 5C's for 11/20. Any little drop from here and these are ITM.

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Added these today as well for .40/contract. Got an order in for 1//15/21 $5C at .65, we'll see if those actually fill. I moved out of most trades and decide to just bet that things get wild going forward.

Yep, I've been buying the $5Cs (Jan. 21) all along to spread the TXAgs love and wealth among the different options. Would be fun to see SPXS jump to $20+ dollars here in the next few months.

Orlando Ayala Cant Read said:

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Of course I sold NET last week in my ongoing move to cash.

Congrats to you that have it though.

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Me too, buddy, me too

wmitchell said:

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I am looking at covered calls on CWH. I went out to March 19 - and $40 covered calls are $3.30...

Am I missing something? My cost basis is $30, I know CWH is bullish but that premium seems a lot still

New to options - don't crucify me!

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If you've got the shares I think that's a pretty good position, might even enter myself with a poor mans covered call strategy, I think CWH benefitted from COVID increasing RV sales, but that's not going to change their growth trajectory. Sales might be up and will stay up but there is a low likelihood of a rocketship event for RV dealerships.

You're not missing anything, just time premium, 5 months is a long time for any stock to stay within $10 of current share price, and hell CWH popped 40 in August, thus the time premium. But if you're covered at 30 I like this play, worst comes to worse you provide shares at a $10 gain and buy back in at the same level if you still like the play, and you've got $330 additional capital to deploy for your efforts.

AggiePeeps06 said:

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Glad I held my 10/16 $130 dis calls I bought this morning despite being down 50% on them today!

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Sell the news at open and enjoy a nice few steak dinners!

MGNI does CTV for Pluto tv

jeromePOWell said:

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wmitchell said:

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I am looking at covered calls on CWH. I went out to March 19 - and $40 covered calls are $3.30...

Am I missing something? My cost basis is $30, I know CWH is bullish but that premium seems a lot still

New to options - don't crucify me!

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If you've got the shares I think that's a pretty good position, might even enter myself with a poor mans covered call strategy, I think CWH benefitted from COVID increasing RV sales, but that's not going to change their growth trajectory. Sales might be up and will stay up but there is a low likelihood of a rocketship event for RV dealerships.

You're not missing anything, just time premium, 5 months is a long time for any stock to stay within $10 of current share price, and hell CWH popped 40 in August, thus the time premium. But if you're covered at 30 I like this play, worst comes to worse you provide shares at a $10 gain and buy back in at the same level if you still like the play, and you've got $330 additional capital to deploy for your efforts.

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Thanks - 5 months is a long time especially since I swing trade. That is the only negative to me that I see - just was shocked at the premium.

Put FUBO on your radar. I've seen ads and heard the interview with the CEO last week. This could definitely benefit with cord cutting. Do your own DD but they offer a lot in 4K and have a vision.

Being under $10 makes it an excellent daytrade option as well.

With BTC ripping up, will MARA follow??

It is after hours, but we'll see.

Prognightmare said:

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Put FUBO on your radar. I've seen ads and heard the interview with the CEO last week. This could definitely benefit with cord cutting. Do your own DD but they offer a lot in 4K and have a vision.

Being under $10 makes it an excellent daytrade option as well.

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On screen sports betting coming? That would be something

https://finance.yahoo.com/m/06ce571c-7d19-3164-b66d-ca3454c20f63/fubotv-is-considering.html

I'm surprised ROKU hasn't looked at starting or acquiring their own streaming tv service yet (I know Roku channel offers a bunch of channels within it, but I'm talking about one that includes the big cable channels). Having it as an already installed app on all new tv's and devices with a shortcut on every remote would lead to a lot of subscriptions, I would imagine. Could have a ton of integration in the whole OS too.

E said:

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With BTC ripping up, will MARA follow??

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up another 8% AH.

I do this all the damn time. Tell the board to load up on stuff, then not follow my own advice and regret it later on. I did buy quite a bit, but probably......

#SHBM

Samesies

Have a general question on how to handle in the money call spreads.

I have a 10/16 3175/3225 AMZN call spread. AMZN closed at 3458 today. (as such, the call is almost maxed out)

My first thought was to buy back the 3225 and buy a higher strike. Ex) Buying the $3225 back for $232 and selling the 3275 for $185. Doing this would increase my max gain from 50 to 100, but only increases the net by $3 (50-(232-185)). Doesn't seem like it's hardly worth it.

Thoughts?

Sold DIS last week around 121. Woof!

Some input from your medium term bearish leaning friend: the parabolic move today on low volume was concerning for me while the VIX remained elevated AND the dollar did not make a new low. It's OPEX week, so I personally would not go crazy buying 10/16 OTM calls. It doesn't mean we can't go up, but I view it as too risky.

I think around SPX 3510 is an important level for tomorrow. It is unlikely that a gap up tomorrow will be sustained without some sort of technical reconnect, and I would be looking for a 5 or 8 EMA reconnect. That will be somewhere around 3460. I think near-term risk is to 3600 to 3625, and maybe we get there on stimulus news. It could also be a sell the news moment.

tl;dr looks near-term toppish to me. Doesn't mean I won't trade with the flow, just don't get caught over exposed.

That's the plan for now unless I hear of a strategy I can use that I haven't thought of. Anyway I've sliced it the incremental reward hasn't matched the risk

Will be looking for another AMZN play through + after earnings. Q2 had a +400 pt runner in it after a beat, expected to blow it out of the water.