CIEN is another stock that got beat down and has been consolidating for a while now
Same. I'm up 5% across all accounts today.0708aggie said:
Wow what a day guys.
OA, huge shout out for you on the NIO $55 call. Bought 30 contracts at 1.07 and just sold at 2.75
Fantastic!0708aggie said:
Wow what a day guys.
OA, huge shout out for you on the NIO $55 call. Bought 30 contracts at 1.07 and just sold at 2.75
Well done sir.0708aggie said:
Wow what a day guys.
OA, huge shout out for you on the NIO $55 call. Bought 30 contracts at 1.07 and just sold at 2.75
wanderer said:
MARA up a quick 5% AH to $5.20
If you sold a $2.50 covered call then the person who bought the call has the right to buy those shares on or before that date for $2.50. If they do you get the $2.50 + $1.23 = $3.73 total.Lavender Gooms said:
Ok all you covered call experts, please help me out as I'm new to this. I bought 200 shares of MARA at $3.36/share last Friday and sold a single Dec 18 $2.50 call (per OA advice a few pages back) for $1.23. I guess my main question really is now what?
100 shares are at a cost basis of $2.13 and if that call gets exercised, I'll have made $0.37/share, right? Now I'll have 100 shares left. Would/could you sell another covered call to keep lowering my cost basis? Obviously it could get exercised and I am done with those initial 200 shares? Do you keep buying shares and selling more covered calls?
Two things. This will be a great first experience to feel how price action impacts your trade. At the open tomorrow check to see the option price and determine what buying it back would total and then compare that to the stock price. When options run well into the money the margin between the share price and premium shrink and a Dec 18th likely only will have a nickel spread versus 37 cents. Your choice to end the trade on 100 shares pocketing the 32 cents a share. With a $2.13 buy price and 200 shares next time you would want to sell that $5 call for $0.60 someone else mentioned on 100.Lavender Gooms said:
Ok all you covered call experts, please help me out as I'm new to this. I bought 200 shares of MARA at $3.36/share last Friday and sold a single Dec 18 $2.50 call (per OA advice a few pages back) for $1.23. I guess my main question really is now what?
100 shares are at a cost basis of $2.13 and if that call gets exercised, I'll have made $0.37/share, right? Now I'll have 100 shares left. Would/could you sell another covered call to keep lowering my cost basis? Obviously it could get exercised and I am done with those initial 200 shares? Do you keep buying shares and selling more covered calls?
Based on what?CrazyRichAggie said:
ETFs starting to take notice?
just took a guess..oldarmy1 said:Based on what?CrazyRichAggie said:
ETFs starting to take notice?
Lots of shaking 'traders' out of the tree with big money holding the cards. Big money expecting big gains.oldarmy1 said:Give it in layman's termsFJ43 said:Significant accumulation in the $3 range since 5/20.oldarmy1 said:
Same question for the forum. What do you see?
Well not sure if this was the most strategic move but this is what I ended up doing here:FJ43 said:cptthunder said:Either selling the calls and then watching the stock for a pull back and then purchasing shares or selling a putFJ43 said:Do you own these shares already meaning selling covered calls?cptthunder said:
I looked at this late Friday as I was winding down for the week and saw that IDEX had a big jump and is continuing Pre-Market. Im thinking of playing this using one of OAs covered call strategies by either selling covered calls out until April or so that should put the entry price just under $1 based on premiuims from friday.
Is this a terrible idea?
Im trying to see how premiuim looks first on bothDo you own these shares already meaning selling covered calls?
Read too quickly. Given this was below $1 a week ago I would do that and reduce your costs basis below that $1 and lock in profits if you get called out.
Orlando Ayala Cant Read said:
At some point, as much as we may not want to admit it the Covid economy has to rear its head into this market right and bring us a correction again?
CrazyRichAggie said:Orlando Ayala Cant Read said:
At some point, as much as we may not want to admit it the Covid economy has to rear its head into this market right and bring us a correction again?
I think most of the population is giving COVId and the CDC the middle finger
https://www.google.com/amp/s/abcnews.go.com/amp/Health/wireStory/millions-stick-thanksgiving-travel-plans-warnings-74362219