MARA will be interesting to see tomorrow. If it continues to run, then I think this might be the run, some of us have been waiting for. If it hits a wall, volume decreases then it could very well be on its way to a dip back into the high 1s and time to accumulate some more waiting out its eventual big run that I think will come at some point or another.
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Orlando Ayala Cant Read
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AG
wanderer said:
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?
Put in a sell order for max value, GTC. Enjoy. Don't change anything about the setup
when we get real close to earnings, watch IV... if it's mid ground or low, expect a big pop on a beat. The last time if I recall right, it was around 50%, and it was life changing for some. I might play a spread in it, less risk/ cheaper play, but we're in blow off top territory now. I'd expect some type of pullback soon.Engine10 said:
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.
Love this! We get fubo tv yearly (the cycling subscription). We watch the Giro (Italy's tour) and a few others, it's great bang for the buck entertainment (for us cyclist nuts). They have other subscriptions as well.Prognightmare said:
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.
Thanks for putting it on my radar! didn't know it was publicly traded. I'll ask HP for a chart tomorrow.
this is worth a repost (got stuck on bottom of previous page).... plus Adam's levels to boot...$30,000 Millionaire said:
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.
Out of curiosity, is this a play you're taking based upon setup/TA or is it on speculation that the dems win and follow through with weed legalization?oldarmy1 said:
Little different trade here. I bought GRWG and sold the Nov $22.50 covered calls for $1.20-$1.15
I was watching it to actually buy those as a straight call trade but decided to take the shares with a net below $17 on the premium if not above $22.50 or making the $4/share plus the $1.22 for $5.22/share if above $22.50.
If you want to go straight options then buying the $22.50 Nov 20 calls would be the way to go at $1.10
E said:Sell the news at open and enjoy a nice few steak dinners!AggiePeeps06 said:
Glad I held my 10/16 $130 dis calls I bought this morning despite being down 50% on them today!
With the cup it formed the last two weeks,
Id sell wait for a 50% retrace to Model T then buy calls to 140 past earnings.
It was setting-up for a rocket up into earnings.
10/23 Tsla calls at $450. Should have taken the profits and ran today. Any insights here? Was losing end of day unfortunately.
Let it Ride
actually for some TSLA wasn't bullish until later in the day. I think it's the next one to really run, barring any big market pull back.lal4l said:
10/23 Tsla calls at $450. Should have taken the profits and ran today. Any insights here? Was losing end of day unfortunately.
ok, I swear, this is last post til tomorrow!
BREwmaster said:actually for some TSLA wasn't bullish until later in the day. I think it's the next one to really run, barring any big market pull back.lal4l said:
10/23 Tsla calls at $450. Should have taken the profits and ran today. Any insights here? Was losing end of day unfortunately.
ok, I swear, this is last post til tomorrow!
It looks like its pushing on a boundary and potential to break out to 500 again if it can press past the other bounds of 450 and that 465 reversal
EngrAg14 said:BREwmaster said:actually for some TSLA wasn't bullish until later in the day. I think it's the next one to really run, barring any big market pull back.lal4l said:
10/23 Tsla calls at $450. Should have taken the profits and ran today. Any insights here? Was losing end of day unfortunately.
ok, I swear, this is last post til tomorrow!
It looks like its pushing on a boundary and potential to break out to 500 again if it can press past the other bounds of 450 and that 465 reversal
TSLA in a daily squeeze. Alot of people on twitter (the usuals that y'all follow) are eyeing this one to make a move. I will look for an opportunity tomorrow.
Gig em Stros
AggiePeeps06 said:
Glad I held my 10/16 $130 dis calls I bought this morning despite being down 50% on them today!
Sold mine last Friday...go figure
If it makes you feel any better, I sold my Amazon calls Friday.. along with my equity.
It is possible to gap down tomorrow. I would prefer a flat open and then sell off but who knows.
$30,000 Millionaire said:
It is possible to gap down tomorrow. I would prefer a flat open and then sell off but who knows.
Nasdaq up 1.25%. Everything else down .4%. Wouldn't call it flat but here we go again with tech....
JPM crushed earnings and trimmed loan loss provisions, which is significant. It means they see less weakness in the economy compared to previous quarters.
wanderer said:
INMD keeps chopping on a daily basis. Still in the 10/16 40C
Can sale now for a very slight profit, but I keep waiting for the breakout.....obviously starting to run out of time.
INMD up 33% in premarket to $52. Basically doing the same thing NET did, only a day later.
I'll obviously be selling at open.
Anyone building a hedge in FAZ calls like the SPXS call play?
If banks run a bit here it may be a good opportunity to load up around $10 for volitile end of year and inauguration. Seems to be more upside than an index with FANG stocks.
If banks run a bit here it may be a good opportunity to load up around $10 for volitile end of year and inauguration. Seems to be more upside than an index with FANG stocks.
Bob Knights Paper Hands
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Does anyone have INMD left? I sold my last 22 contracts yesterday.
wanderer said:wanderer said:
INMD keeps chopping on a daily basis. Still in the 10/16 40C
Can sale now for a very slight profit, but I keep waiting for the breakout.....obviously starting to run out of time.
INMD up 33% in premarket to $52. Basically doing the same thing NET did, only a day later.
I'll obviously be selling at open.
Oof, my $40 covered calls will be leaving a lot of value on the table
Hindenberg hitting LOOP
IMF revises its global GDP forecast higher, warns economy is 'prone to setbacks'
https://www.cnbc.com/2020/10/13/imf-world-economic-outlook-2020-amid-coronavirus-crisis.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
https://www.cnbc.com/2020/10/13/imf-world-economic-outlook-2020-amid-coronavirus-crisis.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
INMD back down to it's pre-market model-T at around $46.
I still hold a TON of INMD 10/16. This is going to help reinforce bad habits but otherwise looking like it's going to be a very good morning.
What to do, what to do
What to do, what to do
got 5 of the 40s leftBob Knights Liver said:
Does anyone have INMD left? I sold my last 22 contracts yesterday.
More "not bad" stimulus news...the party can continue for a while longer. She hasn't slammed the door yet, think the WH capitulates and forces a deal through somehow. Even so, likely that Senate turns it away...they haven't changed their tone.
I thought Turtle Mitch said they'd pass whatever the WH agrees to
Oh damn I must have missed that. Gonna be an interesting to see if they come through on that promise or not!
Anyone still holding SDC? I'M holding at avg cost around 13.25 and it's been dragging my account down for awhile.
OA, you still bullish on this long term? Should I redeploy funds elsewhere?
OA, you still bullish on this long term? Should I redeploy funds elsewhere?
I'm long SDC. I've been selling premium on LEAPS on moves. Sell on big moves up, buyback on moves down. It's a strategy that has helped bring in 25% so far of what I spent on the shares, and the strike right now at 22 bucks makes it a profitable trade. I'll buy those back when they go below 50% of what I sold them for. Rinse, repeat.
wanderer said:wanderer said:
INMD keeps chopping on a daily basis. Still in the 10/16 40C
Can sale now for a very slight profit, but I keep waiting for the breakout.....obviously starting to run out of time.
INMD up 33% in premarket to $52. Basically doing the same thing NET did, only a day later.
I'll obviously be selling at open.
Let's get back to 52!
If you're still on TRXC you're probably up this morning......
fooz
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