F*ckin a NIO! Whats the play here...I'm up over 8k on this trade in less than a week. How would you guys play it from here.

Grabbed more RKT at $22.27, MBIO at $3.17, and MGNI at $8.65.

Tormentos said:

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F*ckin a NIO! Whats the play here...I'm up over 8k on this trade in less than a week. How would you guys play it from here.

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Which calls are you in or shares?

Shares

Tormentos said:

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F*ckin a NIO! Whats the play here...I'm up over 8k on this trade in less than a week. How would you guys play it from here.

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If you can write covered calls do that and take advantage of this run to grab some premium and pad your gains.

Man I don't see Mitch agreeing to that but he may not have a choice

How to you play the SPY hedges? Use OA1s suggestion yesterday for example, 30 day out SPY put (so after the election). From when he posted, you are up 40%+ today. Is this something where you take part of the profit and leave "runners" (which means just collapsing market), or do you leave all of the puts in play as a continuing hedge until they expire?

Depends on what you want to do with them. If you are in no rush for the money, i'd hold onto them.

Myself, I have a bunch of 1/15/21 $5 calls i'm going to exercise and turn to a very long hold.

I got a handfull of 10/23 $23 calls i'm gonna sell next week, and a couple 11/20 $2 i'll wait til November to decide if I want to sell the calls or exercise for the shares.

I'm not an experienced trader though, so I don't know best options to maximize return. But I would be extremely happy with these returns.

Thought NIO would retrace back to high 24s (so had a big order in for it there to add) and now I don't know if that's going to happen. Don't wana chase it....but kinda wana chase it lol.

MBIO at $3.04

Haven't been in MBIO. Can someone outline the strategy? Seems to have some long term consolidation in the 3 to 4 range. Are you guys playing the swings in this range?

Can one of you whales wake up QD?

Tormentos said:

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Haven't been in MBIO. Can someone outline the strategy? Seems to have some long term consolidation in the 3 to 4 range. Are you guys playing the swings in this range?

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Been accumulating for several weeks waiting for the run up to $10+

With MBIO sitting at 3.05 is this a good entry point? Im looking for short term plays here primarily.

ForeverAg said:

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With MBIO sitting at 3.05 is this a good entry point? Im looking for short term plays here primarily.

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I think so, but what's your definition of "short term" ?

Tormentos said:

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Haven't been in MBIO. Can someone outline the strategy? Seems to have some long term consolidation in the 3 to 4 range. Are you guys playing the swings in this range?

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PTs are low of $7 and high of $13. Many who are in this are accumulating here at these levels. Once March $5 calls are at $1 plus sell covered calls. Go net free on shares after $6.

Come on 30k get off your butt and start shorting TWTR & FB -signed proud put owner of both!

CrazyRichAggie said:

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ForeverAg said:

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With MBIO sitting at 3.05 is this a good entry point? Im looking for short term plays here primarily.

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I think so, but what's your definition of "short term" ?

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under 30 days

ForeverAg said:

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CrazyRichAggie said:

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ForeverAg said:

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With MBIO sitting at 3.05 is this a good entry point? Im looking for short term plays here primarily.

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I think so, but what's your definition of "short term" ?

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under 30 days

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It's been about that long since I first got in. I will let others confirm but I think the belief is this thing could pop "any day" or it could continue to bounce around the $3 to $4 range for several more weeks.

Whose waiting for our Pelosi Daily Dump special. Has to be coming up here soon.

TWTR is right at its 21 day EMA. Fight is on for the freefall here.

Orlando Ayala Cant Read said:

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Thought NIO would retrace back to high 24s (so had a big order in for it there to add) and now I don't know if that's going to happen. Don't wana chase it....but kinda wana chase it lol.

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I sold the 10/16 23 covered calls last week. Trying to decide whether to roll out or let it go.

Hey guys - been flipping Teslas all week and have done pretty well!

Now it seems like I still have a $460, $470 and $475 option expiring 10/23.

Cost is - $25.9, $24.9 and $24.95.

Any guidance here would be greatly appreciated. Down close to 2k now. Think it bounce up? Cut losses? Wait it out?

Thanks guys! Have a great day!

Engine10 said:

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SPAQ platform announced to build the Ocean, bullish heading into merger in two weeks!

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And it's in the red

Carlo4 said:

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Touchless said:

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With FSLY down 27% AH, thoughts on getting a bounce tomorrow. Maybe not a full model T, but that's a pretty significant drop and it seems a lot of these end up bouncing back some the next day. Even if it ends up dropping again on Friday.

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ZYXI did the same thing. Bounced back for one good day and then sell off after that.

I was able to get some shares at $88 hoping for a bounce back tomorrow and then dump it for a nice one day gain.

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I took a very very small flyer on this earlier. I had the Model T around $104 based on close vs AH. Since it was just a gamble really, only bought a few options expiring tomorrow with $102 strike for $0.3 each. Very little open interest and volume so I got out at $0.55 not wanting to get caught not being able to sell them. I saw they were up to $1.15 earlier so I missed out on letting it run a little more, but 80% return in 45 min works for me. Should have just sold half and let the others ride just in case it did get to Model T territory later today and turn them for a 10x or something.

Anybody still in zom?? Patience or cut losses and move on???

McInnis 03 said:

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Bullish Harami on MBIO 10min.

**that was quite fun to say**

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Man, these harami things......OA may be on to something!

Set way too tight a stop after the ZM pop on my weekly 510's, got stopped in mid 520s but I'll take it!

Did anyone else scoop up DDOG after hours yesterday on the sympathetic move with FSLY?

FSLY's situation is unique, much of their revenue comes from 1 customer and that 1 customer didn't spend what they thought they would so FSLY put out the warning. When EVERYONE moved in sympathy that seems like a pretty easy way to grab the other guys who were caught up in the melee to catch a non-pertinent bounce.

I'll take it!

better late than never.....I'm more of long term player so here's GTC orders placed last night....not big volume on any of these by any means
MGNI at $8.75.....filled this morning
MBIO at $3.10....filled this morning but might buy more
LADR at $6.80

I know the LADR price is a bit of a stretch so set order to expire in 1 week as I don't have time to watch it constantly. If it doesn't fill I'll renew order around $7. Like the dividend and know they cut once already this year but concerned with election and covid if it impacts get worse they cut again. I can't imagine it's going to pop so high so fast that if I'm patient I might get order filled on a drop. And if it does start to move up and I feel compelled I can still get in for not much more cost.

You can sell MARA 3 Nov 16 Puts for $1 right now...pocket the premium or help lower cost base for those holding the bag