So happy Stewie is back!
Let it ride
Stock Markets
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Last: 4 hrs ago by $30,000 Millionaire
OA, are you still in those NVDA puts?
I'll try....hopefully I don't butcher it too bad.BobFriend13 said:oldarmy1 said:Pretty soon you'll be able to buy the March $4 Puts using that $1.30 premium and have a no way to lose trade. I do it on big runners sometimes and this would be one. You wanna give me a net $9 exit with a guaranteed lock of $4 against $2.27 average entry out to March? Yeah! I'll take that.wanderer said:
This sounds CRAZY to say, but am I going to regret selling a bunch of March covered calls for MARA @ $9 for $1.30??
Stock is up to $4.50+ today
There are so many words in this I don't yet understand but I will.
If you own shares, you can sell covered shares against those calls. For example, March '21 $9 calls were/are being sold (for ~$1.30) against every 100 shares owned. OA is saying that as the stock continues to increase, you'll be able to buy March $4 puts for ~$1.30 (currently $1.75). Once you have this locked in, you're guaranteed not to loose a dollar.
If the stock is above $9 in March you'll lose your shares that you sold against, but it'll be at an effective price of $10.30 ($9 + $1.30 premium received). If the stock goes to $8.99 you still get to keep all your shares (and the premium sold). If it goes way down, you're protected by the $4p that you bought against the average entry price of your shares. The $2.27 price looks to be OA's avg entry (mine is higher).
Nailed it
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Stewie is nails AF
Orlando Ayala Cant Read
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Man, I wish we had a thread just to post low point accumulation plays. Would have helped a lot of people on things like $MARA and $ALPP.
On MGNI I am thinking of cashing out one of my calls. My March 21, $10. I'd still have my March 21, $7 but perhaps I should hedge some by taking the profits from the $10 one right now. Its up 27%.
On MGNI I am thinking of cashing out one of my calls. My March 21, $10. I'd still have my March 21, $7 but perhaps I should hedge some by taking the profits from the $10 one right now. Its up 27%.
I <3 him
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
NIO is absurd. I've always wanted to be in something that goes log scale parabolic.
I'd roll the $7 if it is still liquid.Orlando Ayala Cant Read said:
Man, I wish we had a thread just to post low point accumulation plays. Would have helped a lot of people on things like $MARA and $ALPP.
On MGNI I am thinking of cashing out one of my calls. My March 21, $10. I'd still have my March 21, $7 but perhaps I should hedge some by taking the profits from the $10 one right now. Its up 27%.
I'm pretty convinced one could low stress swing trade a few times a month to a healthy living by just following him and subscribing to Hidden Pivots. Maybe throw in a Cheddar Flow sub just to not get bored with it.
Limit Order placed this morning for June $18 protective puts. Riding a 92-bagger now on my shares.ClutchCityAg said:I am playing the weekly 26 calls, swinging overnightFJ43 said:
Anyone riding PLUG? Alerts went off on Cheddar Flow for Options
Wish FUBO had December $35C, would cover up another leg of my shares at that price. Not interested in covering another leg at $30.
When that's the case, isn't it most likely going to arrive back down where it started eventually?59 South said:
NIO is absurd. I've always wanted to be in something that goes log scale parabolic.
Which HP subscription do you use?59 South said:
I'm pretty convinced one could low stress swing trade a few times a month to a healthy living by just following him and subscribing to Hidden Pivots. Maybe throw in a Cheddar Flow sub just to not get bored with it.
Let it ride
NBAC jumped on volume
Do we think Amazon is setting up nice for a $4k run or no? I see it's been consolidating for 5 months and looks like $3k is a nice base but would love some thoughts.
I missed MSFT entry. Damn it.
oldarmy1 said:Pretty soon you'll be able to buy the March $4 Puts using that $1.30 premium and have a no way to lose trade. I do it on big runners sometimes and this would be one. You wanna give me a net $9 exit with a guaranteed lock of $4 against $2.27 average entry out to March? Yeah! I'll take that.wanderer said:
This sounds CRAZY to say, but am I going to regret selling a bunch of March covered calls for MARA @ $9 for $1.30??
Stock is up to $4.50+ today
Ok so I have the covered calls for 12/18 @ $4 for $86 and the 12/18 @ $5 for $66. If the price keeps rising, are y'all suggesting the $4 and $5 puts for the same strike date and about the same premium?
where she headed, close to 60? I guess if it clears 54 and holds.gougler08 said:ClutchCityAg said:
NIO 54!!!
What's the hash tag for sold way too early
fib levels: 54.50, then 59.
(Only doing this to $30K because I miss a ton of his moves, so I might as well smile that I got one on him)$30,000 Millionaire said:
I missed MSFT entry. Damn it.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
NIO premiums are SICK. I just rolled my CC's for this week's $54 into the DEC18 65's for a $1 credit.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
how do you do this?
Basically selling your calls and re- buying?
Basically selling your calls and re- buying?
What happened to PSNL, broke out of the wedge and now getting shorted to hell
Indeed; however, in ThinkorSwim I can choose "create a rolling order" on existing positions so it handles the purchase/sale as 1 transaction and works on the dollar difference instead of needing to have the capital on hand.0708aggie said:
how do you do this?
Basically selling your calls and re- buying?
So if you had a short covered call at $10 and you wanted to buy it back, you need $1000. But if you do a rolling order and the next one you want to sell is $9, you would only need to have $100 on hand, or vice versa, if you want to sell for credit as in the new one to sell is $12, you need NO capital and the transaction, once complete, credits you $2.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
OSTK having a day.
Serious question:
Is there a good method to "resetting" your hedges? If you're buying longer term options as hedges, ie: spy puts, is there a rule of thumb as to when you cut bait and start that timer over again? I haven't quite got the hang of hedging right yet.
Is there a good method to "resetting" your hedges? If you're buying longer term options as hedges, ie: spy puts, is there a rule of thumb as to when you cut bait and start that timer over again? I haven't quite got the hang of hedging right yet.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Charismatic Megafauna
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NRD09 said:
Mvis pumped hard into the close, wonder if things are happening
Definitely seems like things are happening!
+1 on this. Wondering what to do with my SPXS hedges.McInnis 03 said:
Serious question:
Is there a good method to "resetting" your hedges? If you're buying longer term options as hedges, ie: spy puts, is there a rule of thumb as to when you cut bait and start that timer over again? I haven't quite got the hang of hedging right yet.
Let it ride
Model T Ranchkhaos288 said:
Didn't you hear? OA is buying us a ranch near college station so we can have Bull Scouts of America campouts during the summer and football season.
NET with a nice dip and recovery
PEIX - Maybe keep an eye on this. Trying to break the purple line which is the Fib level retracement. See volume also. Month/Day & Day/Hour below.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
frankm01 said:Model T Ranchkhaos288 said:
Didn't you hear? OA is buying us a ranch near college station so we can have Bull Scouts of America campouts during the summer and football season.
Wow. So it is written, so it shall be done.
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