oldarmy1 said:

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Those $5 MARA puts shot up 35%

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Up 21% on the $4 puts

Rice and Fries said:

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0708aggie said:

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Going on 4 hours down. What is everyone else using for your trading platform. Is TOS the most widely used?

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Fidelity. Why others choose to mess with anything else is beyond me. It's rarely down, offers great options across the board.

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TOS smokes Fidelity mobile app and Fidelity Active Trader Pro computer application. Just my 2 cents. The Fidelity mobile app really is bad in comparison.

I'm back!!! Just after I made a new TOS account

McInnis 03 said:

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EngrAg14 said:

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TWTR with a massive setup 11/27 for 47.5 would be good lottos to buy and should hit possibly today or tomorrow

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You're not crazy, but I'd buy a little more time. It really needs to break 45.32 and hold....but I'm watching.

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Might happen before end of the day and I grabbed some mid December and February as well but grabbed more of the weeklies I had grabbed last week thinking it would pop on Monday from the push to 45 last Friday.

0708aggie said:

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I'm back!!! Just after I made a new TOS account

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Welcome to the dark side.

still holding ATVI 12/18's???

or time to cut losses?

gigemJTH12 said:

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still holding ATVI 12/18's???

or time to cut losses?

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I dumped these yesterday.

I sold some of my VALE shares and bought some 12/24 $13.5P for $0.50 as a small hedge on my remaining shares. Reached the 52 week high today and I think there will be a pull back over the next couple of weeks. It's up 30% over the last few weeks and 20% over the last week and a half.

gigemJTH12 said:

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still holding ATVI 12/18's???

or time to cut losses?

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Unless someone sees something I don't (which is highly probable) I am going to cut these shortly. Hasn't been able to reclaim the 8 & 21 and I am close to my stop at the moment.

ENG selling off. Everyone still holding your covered calls?

Colt98 said:

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Here's the thing with atvi... the new call of duty just came out and my son told me to buy the stock the week before we got the option trade from this forum. He said it's the best one they've made. I would think this will boost their sales going into Christmas. I'm holding the calls as long as it holds 75. But that's me. My 16 year old also told me to make sure and buy Msft going into the holidays with the new Xbox. So I bought Jan calls and added to them this morning. So far my kids ha e been SPOT on(that was my daughters pick last Christmas)

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Thanks. I'll can roll with that. Not a gamer and wouldn't know which ones are better than others honestly. As far as my wife is concerned what I do on TOS and this site is nothing more than a big boys video game anyway.

I already trimmed profitably on it so just down to some home run contracts.

0708aggie said:

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ENG selling off. Everyone still holding your covered calls?

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I'll buy mine back when it confirms reversal. Or if....

Colt98 said:

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Here's the thing with atvi... the new call of duty just came out and my son told me to buy the stock the week before we got the option trade from this forum. He said it's the best one they've made. I would think this will boost their sales going into Christmas. I'm holding the calls as long as it holds 75. But that's me. My 16 year old also told me to make sure and buy Msft going into the holidays with the new Xbox. So I bought Jan calls and added to them this morning. So far my kids ha e been SPOT on(that was my daughters pick last Christmas)

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It's also $80 or $90, games are expensive these days. The real money is in all the stupid crap adults buy when they play online.

These kids spend extra on these games too. I'll get a $20 on my vanity every now and then for a charge on my cc from my son buying weapons or some other crap for those games.. I heard him the other day talking to his "team" how they need a to buy a certain weapon... what ever that is.

Activision has made record profits on microstransactions

Looking at ATVI, you're currently sitting in not just a daily squeeze, but also a weekly one as well, and the momentum on the weekly is looking like it might fire down. You're below the 8 and 21 daily EMA. Honestly, I'd be thinking short until the runup for Q4 (which is when you'll see Xmas effect, I'd think).

Busy with my actual job today.

I took some TSLA off. Holding ATVI a bit longer.

EngrAg14 said:

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McInnis 03 said:

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EngrAg14 said:

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TWTR with a massive setup 11/27 for 47.5 would be good lottos to buy and should hit possibly today or tomorrow

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You're not crazy, but I'd buy a little more time. It really needs to break 45.32 and hold....but I'm watching.

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Might happen before end of the day and I grabbed some mid December and February as well but grabbed more of the weeklies I had grabbed last week thinking it would pop on Monday from the push to 45 last Friday.

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Tested that resistance and came back a bit.........boy oh boy......some volume could fix a lot of troubles.

$30,000 Millionaire said:

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Word of caution. Don't get euphoric and manage some risk. There could be a sell off of magnitude tomorrow or early next week.

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Merrill lynch unfortunately dngaf about my ability to manage risk or make money.

Could MOMO finally be moving? Just jumped for the Christmas Eve $16 calls

Sold most of my MSFT call buy to go net free, got a pair remaining. Dedicated to hitting singles that can leg into doubles right now

FJ43 said:

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0708aggie said:

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ENG selling off. Everyone still holding your covered calls?

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I'll buy mine back when it confirms reversal. Or if....

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FJ,
Mind educating this newbie (and I'm sure others in same boat) a bit on this. Here's what I did following OA1 guidance
bought 200 shares....100 at $2 and 100 at $2.25
sold Dec 18 $2.50 call for $0.70 right after buying the shares at $2
sold Dec 18 $5 call for $0.85 after getting the $2.25 shares

Not sure I'm worried about holding these long term. Plan was to use this as practice as first foray into trading and try to make some money along the way.
Initial plan was that if I were to get called on either of those I'd be just fine with very solid return. Or if not called then my cost goes down to $1.30 and $1.40 respectively. Then I just rinse and repeat covered calls and profit or get net free.

If I were to follow what you're saying would be to buy to close these calls and then I'd be back to just owning the shares. Watching and then when/if timing was right sell covered calls again.
For example, on the $5 call, right now can buy that call for $0.40. So if I buy to close I would then be out of the option and sitting on 100 shares but would have pocketed $0.45 effectively lowering my cost on that portion to $1.80 already.
And I could then watch/wait or maybe even look to January $5 call option and sell that for $0.65 starting process all over again.

sound about right?

and yes, I know when I say I'm sitting on the shares I technically always was as I could just trade the options by themselves but just using that for reference.

The chart tells me MSFT has a TON of room to grow, but in the interest of capital preservation all risk if off (and then some) and I'm left with a bit of JAN calls to tend to.

Thank you for the idea OA.

are you back up?

0708aggie said:

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are you back up?

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Nope.

McInnis 03 said:

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The chart tells me MSFT has a TON of room to grow, but in the interest of capital preservation all risk if off (and then some) and I'm left with a bit of JAN calls to tend to.

Thank you for the idea OA.

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What was his MSFT trade again?

trip98 said:

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FJ43 said:

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0708aggie said:

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ENG selling off. Everyone still holding your covered calls?

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I'll buy mine back when it confirms reversal. Or if....

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FJ,
Mind educating this newbie (and I'm sure others in same boat) a bit on this. Here's what I did following OA1 guidance
bought 200 shares....100 at $2 and 100 at $2.25
sold Dec 18 $2.50 call for $0.70 right after buying the shares at $2
sold Dec 18 $5 call for $0.85 after getting the $2.25 shares

Not sure I'm worried about holding these long term. Plan was to use this as practice as first foray into trading and try to make some money along the way.
Initial plan was that if I were to get called on either of those I'd be just fine with very solid return. Or if not called then my cost goes down to $1.30 and $1.40 respectively. Then I just rinse and repeat covered calls and profit or get net free.

If I were to follow what you're saying would be to buy to close these calls and then I'd be back to just owning the shares. Watching and then when/if timing was right sell covered calls again.
For example, on the $5 call, right now can buy that call for $0.40. So if I buy to close I would then be out of the option and sitting on 100 shares but would have pocketed $0.45 effectively lowering my cost on that portion to $1.80 already.
And I could then watch/wait or maybe even look to January $5 call option and sell that for $0.65 starting process all over again.

sound about right?

and yes, I know when I say I'm sitting on the shares I technically always was as I could just trade the options by themselves but just using that for reference.

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Yep you go it. I bought my calls back at .80 a few minutes ago which is less than I sold them for. Those same calls are now already back at around $0.90 so I could just resell it again and lower my cost on the shares even more and generate another round of cash to use for other purposes.

Or just hold the shares that I now own for less than $2.00 and see how she does to either trade them or sell covered calls again at an even higher price, strike or different date.

Rice and Fries said:

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McInnis 03 said:

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The chart tells me MSFT has a TON of room to grow, but in the interest of capital preservation all risk if off (and then some) and I'm left with a bit of JAN calls to tend to.

Thank you for the idea OA.

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What was his MSFT trade again?

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He had mentioned a few times that if MSFT filled the gap at 208.11 that he would consider buying $10 otm calls about a month out. Yesterday when it was in the 208.20's I bought the 215c's for Jan and flipped them today.

Wow. I'm back. Check you phone app.

Can someone explain this to me? Why wouldn't someone exercise?

MGNI - Sold 20 Covered calls at $2 for the 3/19 $15's. Their breakeven would be $17 ($15 + $2 premium). Its sitting at 17.42 so they are in the money.

Same goes for ENG and this mornings crazy run to 4.

Anyone else buy back their ENG calls on that dip?

I'm debating whether to resell them now at a higher premium than before or see if this thing regroups this afternoon where the premiums are even greater..

Looks like it is now at least temporarily.

Edit: The 1/15 $5c are at $0.90