oldarmy1 said:

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Equity build traders consider buying ENG and selling the $2.50 Dec 18 call for $0.85

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In!

gigemJTH12 said:

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oldarmy1 said:

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Equity build traders consider buying ENG and selling the $2.50 Dec 18 call for $0.85

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Shares?

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Buy shares then immediately sell the 12/18 $2.50 covered calls for $0.85. Have to buy ion 100 share blocks though.

gigemJTH12 said:

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oldarmy1 said:

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Equity build traders consider buying ENG and selling the $2.50 Dec 18 call for $0.85

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Shares?

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Yes, I assume he means shares, hold forever, sell the 2.50 Dec. 18 as a covered call.

NIO @ $55

Rice and Fries said:

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McInnis 03 said:

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Biden tapping Yellen for treasury secretary. Market VERY happy about this.

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Is it confirmed?

All I can say is thank ****ing god it is not warren. I'm sure my pops would have a heart attack if it was a Warren Treasury Department.

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I would have been right behind him. She's a wretched *****.

FJ43 said:

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oldarmy1 said:

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Equity build traders consider buying ENG and selling the $2.50 Dec 18 call for $0.85

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Done. Thanks OA....

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Ditto

Thank you RIG for making today a VERY VERY good day!

oldarmy1 said:

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Equity build traders consider buying ENG and selling the $2.50 Dec 18 call for $0.85

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In at .80 premiums..thanks for the heads up OA.

Damn near ITM on those WDC calls with 8 weeks left to go.

Getting itchy trigger finger on the SDC calls. Y'all think it's going to keep running?

Just went net free on MARA. Tiny amount but good lessons learned.

Prognightmare said:

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McInnis 03 said:

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Biden tapping Yellen

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Phrasing bruh, phrasing

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I need to go long on Windex after spitting all over my screen.

okay....so few questions...
1) tried to buy MARA last Friday and too late. Was going to follow OA1 advice on it from that day. Now it's shot up to $4.90!!! Still a solid plan to follow? Seems like runup today would ruin it
2) I did buy MGNI a while ago...late though and got at 8.75 and only 32 shares. I know OA1 says hold to 17.50 then sell half to be net free....but this $16.61 price is giving me itchy trigger finger!!! Thinking of selling 17 shares and being net free on 15 instead of holding to make it even 50% = 16 shares.
3) Have 75 shares MBIO cost average of 2.98...thinking of adding 25 around 3.25 and then following lesson from OA1 and sell covered call at $5....get called out and make solid profit or pocket premium and lower cost average. Good idea?

Prognightmare said:

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McInnis 03 said:

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Biden tapping Yellen

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Phrasing bruh, phrasing

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Whew. Enough to make any red blooded American make go limp.

oldarmy1 said:

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Bought LLNW $5 March calls for $0.70. The stock has been crushed and coming off consolidation at $4.30. That is quite a lengthy time for a comeback for a mere $0.70.

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Right behind you sir.

McInnis 03 said:

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oldarmy1 said:

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Bought LLNW $5 March calls for $0.70. The stock has been crushed and coming off consolidation at $4.30. That is quite a lengthy time for a comeback for a mere $0.70.

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Right behind you sir.

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X2

Looks like quite a bit of FUBO profit taking.

In on shares on LLNW.

trip98 said:

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okay....so few questions...
1) tried to buy MARA last Friday and too late. Was going to follow OA1 advice on it from that day. Now it's shot up to $4.90!!! Still a solid plan to follow? Seems like runup today would ruin it
2) I did buy MGNI a while ago...late though and got at 8.75 and only 32 shares. I know OA1 says hold to 17.50 then sell half to be net free....but this $16.61 price is giving me itchy trigger finger!!! Thinking of selling 17 shares and being net free on 15 instead of holding to make it even 50% = 16 shares.
3) Have 75 shares MBIO cost average of 2.98...thinking of adding 25 around 3.25 and then following lesson from OA1 and sell covered call at $5....get called out and make solid profit or pocket premium and lower cost average. Good idea?

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Just me personally but I would have no problem buying the other 25 shares of MBIO now and then timing the covered call sale. Might wait to see MBIO rise a little top maximize that though IMO.

MARA - maybe missed this a bit.

MGNI - OA says hold for $17.50 then I try and hold if you can. but understand your itchy finger.

mc_shipman said:

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Getting itchy trigger finger on the SDC calls. Y'all think it's going to keep running?

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I'd definitely take some off the table at that premium pop

oldarmy1 said:

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Bought LLNW $5 March calls for $0.70. The stock has been crushed and coming off consolidation at $4.30. That is quite a lengthy time for a comeback for a mere $0.70.

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Had bought this as a bounce play in the 3.60s, glad I'm not quite a fool for it lol.

topher06 said:

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Looks like quite a bit of FUBO profit taking.

In on shares on LLNW.

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Shares or calls?

Yall holding NIO weeklies or selling today? Seems like decay will start to hit hard tomorrow if it doesnt hold above 55. Might sell half here.

ClutchCityAg said:

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Yall holding NIO weeklies or selling today? Seems like decay will start to hit hard tomorrow if it doesnt hold above 55. Might sell half here.

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I trimmed. Holding what I am willing to risk for this to open up tomorrow.

gigemJTH12 said:

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oldarmy1 said:

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Equity build traders consider buying ENG and selling the $2.50 Dec 18 call for $0.85

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Shares?

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You buy the shares and then you sell the Dec 18 $2.50 call for $0.85. If you don't mind a little risk you wait on the covered calls to see if it spikes to rest that $2.40 level and then get $1.15-$1.20 for the covered call

I found LLNW a couple weeks ago but then got greedy and didn't get the fill down at 3.80

FJ43 said:

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ClutchCityAg said:

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Yall holding NIO weeklies or selling today? Seems like decay will start to hit hard tomorrow if it doesnt hold above 55. Might sell half here.

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I trimmed. Holding what I am willing to risk for this to open up tomorrow.

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THIS....When a weekly call pops into the money I sell 50-75% and then will use 10% of PROFIT only to buy out to $60 in case it reall heats up and runs.

DRIP at COVID lows

mc_shipman said:

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Getting itchy trigger finger on the SDC calls. Y'all think it's going to keep running?

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I went net free last week, and sold off another ~25% of my original calls on this pop. Letting the rest ride to the moon hopefully and might look at buying the calls I sold today back on a dip.

Still a lot of time on this one, but taking profits is never a bad thing.