oldarmy1 said:
RKT hit exactly the last high resistance at $22.99 from 11/9. No print at $23 tells you some volume resistance there. Hard to not magnet flash on the big round number as you guys know.
FIFY lol.McInnis 03 said:
Every time I see FUBO I think of that line of sneakers and sports gear that all the black kids wore in middle school. FUBU?
Bob Knights Liver said:McInnis 03 said:
Every time I see FUBO I think of that line of sneakers and sports gear that all the cool kids wore in middle school. FUBU?
I refuse to pronounce it any other way in my head as well. I was aged out of FUBU but remember seeing the kids wearing FUBU shorts where the legs were as big around as the waist.
McInnis 03 said:You just gave me a little idea. I think I'll collar some shares. Buy the shares, sell a covered call a month or so out, and buy a protective put for Friday.J.P. 03 said:
Happy NIO earnings day, everyone. I assume most rational people are looking at this morning's chart and tempering expectations accordingly, but I chose to Leroy Jenkins my way into some more shares instead. Looking forward to either 1) it paying off, or 2) providing the rest of you a nice laugh at my expense. Good luck whatever you choose to do!
Bought 200 shares
Sold 2 DEC 4 52C's for $4.30 ea
Bought 2 NOV20 46.5P's for $4 ea.
Bingo. The premium on the covered calls pays for the protection. Sure, if it rockets up I probably get called out, but that means I'm making money. If it drops, I'll have to buy the calls back, but they should deflate quite a bit, so that risk still exists if it tanks.NRD09 said:McInnis 03 said:You just gave me a little idea. I think I'll collar some shares. Buy the shares, sell a covered call a month or so out, and buy a protective put for Friday.J.P. 03 said:
Happy NIO earnings day, everyone. I assume most rational people are looking at this morning's chart and tempering expectations accordingly, but I chose to Leroy Jenkins my way into some more shares instead. Looking forward to either 1) it paying off, or 2) providing the rest of you a nice laugh at my expense. Good luck whatever you choose to do!
Bought 200 shares
Sold 2 DEC 4 52C's for $4.30 ea
Bought 2 NOV20 46.5P's for $4 ea.
I like this and feel dumb for not understanding it until just now. So if it goes into a tailspin you'll exercise your put selling those shares for 46.5?
I wore FUBU golf socks. For Us By Us. Still have them, just don't wear them anymore.62strat said:FIFY lol.McInnis 03 said:
Every time I see FUBO I think of that line of sneakers and sports gear that all the black kids wore in middle school. FUBU?
I've never seen a white kid in anything FUBU.
Quick wiki search "FUBU is an American hip hop apparel company"
The founder is the dude on shark tank.
McInnis 03 said:Bingo. The premium on the covered calls pays for the protection. Sure, if it rockets up I probably get called out, but that means I'm making money. If it drops, I'll have to buy the calls back, but they should deflate quite a bit, so that risk still exists if it tanks.NRD09 said:McInnis 03 said:You just gave me a little idea. I think I'll collar some shares. Buy the shares, sell a covered call a month or so out, and buy a protective put for Friday.J.P. 03 said:
Happy NIO earnings day, everyone. I assume most rational people are looking at this morning's chart and tempering expectations accordingly, but I chose to Leroy Jenkins my way into some more shares instead. Looking forward to either 1) it paying off, or 2) providing the rest of you a nice laugh at my expense. Good luck whatever you choose to do!
Bought 200 shares
Sold 2 DEC 4 52C's for $4.30 ea
Bought 2 NOV20 46.5P's for $4 ea.
I like this and feel dumb for not understanding it until just now. So if it goes into a tailspin you'll exercise your put selling those shares for 46.5?
McInnis 03 said:
Honestly, when I go "Just options" on earnings play, I tend to lose my butt. I feel like this may pad me both ways with the shares there to cushion my fall. I'll let you know.
Consider it a learning exercise.
BTC taking off.Orlando Ayala Cant Read said:
What are you guys doing on MARA?
2023 Leaps? Not a thing for a long time.Fireman said:
OA - are you doing anything with your GE calls?
Engine10 said:TxAG#2011 said:Think I may be going for the $30 strikes soon. PLTR can get $40 or $50 I thinkEngine10 said:
Went (basically, -$30) net free on PLTR 12/18 $20s on this pop above $17. Got a handful left to watch.
6k OI on 01/15 $23 @ $2.50
~10k OI on $30 @ $.95
There it is..CrazyRichAggie said:
MARA going to break $3 today?
Anyone else look at this one and pick up the 12/18 34c early this morning?FJ43 said:
GOOS - Am I seeing a Bull Flag ?
May be a play for the 12/18 $34c which are basically at the money. Decent positive volume today.
