Thanks. I just exited about 60% of my shares around $17.40 to go net free. Gonna let the rest of them ride, but will keep a close eye on them.oldarmy1 said:Dan Shep should get credit for this one off Twitter. I just waited for pullback to where I wanted entry before posting it. I sold 90% of my shares on the ridiculous spike above $18 as it dropped. Filled average $17.87CPDAggie10 said:
holy NBAC. Up 45%. Another great recommendation from OA.
OA, do you have a strategy with this? I recall you mentioning trying to trade shares, because they don't offer options. Any price targets you have?
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Last: 3 hrs ago by Heineken-Ashi
Just got filled for $2.25 on a June '21 $30 MGNI covered call
MBIO 64k volume spike on the 1 Minute about 25 minutes ago.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Be on alert for AMZN and SHOP
I think I'm wrong on this. Is this right?
$2 - Premium received
-$5.65 - To buy call back
$4 - Premium to roll to $20 June covered call.
Net .35.
$2 - Premium received
-$5.65 - To buy call back
$4 - Premium to roll to $20 June covered call.
Net .35.
MGNI going parabolic. good place to sell covered calls in my opinion. Reversion to $15/$16 likely, it is probably +5ATR at the moment.
$30,000 Millionaire said:
MGNI going parabolic. good place to sell covered calls in my opinion. Reversion to $15/$16 likely, it is probably +5ATR at the moment.
OA did mention buying Jan 17.5 puts when it pushes over 19
Let it ride
To do what?$30,000 Millionaire said:
Be on alert for AMZN and SHOP
Any covered calls make you wise with the gains you have, as long as you are looking long term and don't mind a consolidation as low as $13.500708aggie said:
OA I know you said don't buy back the covered calls on MGNI, but would I be net up a bit and then could sell the $20 covered call for 1.20 12/18?
2000 shares, basis 5.97
$15 covered call sold at $2,
at 5.55 buy back, that would be a total loss of 7,120
at 18.68 share price, that would be 7,360 of gain if I sold the stock then
Net up 240 bucks
Then sell the covered call at $1.20. Or sell the 1/15 covered call for $2.
Or am I a total idiot?
Only if you can get them at $1.50ClutchCityAg said:$30,000 Millionaire said:
MGNI going parabolic. good place to sell covered calls in my opinion. Reversion to $15/$16 likely, it is probably +5ATR at the moment.
OA did mention buying Jan 17.5 puts when it pushes over 19
I think my math is wrong
12/18 calls.topher06 said:To do what?$30,000 Millionaire said:
Be on alert for AMZN and SHOP
Shopify should run from here, but over 1010, I would consider confirmed. Take note that premium is $$. Amazon will go ape crap over ~3220.
Adjusted Model T for MGNI $14.37 as of now. Meaningless number until it finishes its squeeze and shows pullback below $17, again at these levels.
premiums are ridiculous on AMZN
For Shopify, see that 8 EMA / 21 EMA cross about to happen? I didn't draw it, but you can see the wedge it broke from as well.
buy a spread or go deep ITM if you can swing it.
3500?
Yeah, if only they would split it would be easier to play options. As it is, I have to sit out.0708aggie said:
premiums are ridiculous on AMZN
ETSY hard kick off of first 146.2 breakthrough, giving it another go. Looking at 155 dec calls
OKay MGNI, I'd like to sell some calls when you get a min, kthnx
or just keep on going up, you do you
or just keep on going up, you do you
$30,000 Millionaire said:
MGNI going parabolic. good place to sell covered calls in my opinion. Reversion to $15/$16 likely, it is probably +5ATR at the moment.
Just got filled on the $20 Dec calls for $2
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topher06 said:
What percentage cash you guys thinking into Thanksgiving? I'm considering 25%.
I'm at 60% rn. But I've been expecting a serious pullback for some time. And still do within a couple of weeks.
I sold all my WORK shares on that pop from the Salesforce rumor.
Any long term trade ideas?
Any long term trade ideas?
JMIA is up today, what gives?
PLTRPignorant said:
I sold all my WORK shares on that pop from the Salesforce rumor.
Any long term trade ideas?
A recent IPO that has made me a lot of money in the last few months is U. Not trading it but holding for a long term play. I've continued to add shares and its had some good momentum so far.
I can't pass this up at $19.50 on MGNI.....I'm selling 25% of my net free shares I usually never touch....just too good to pass up with capital gains tax issues next year uncertain.
Its up 25% today alone. What in tarnationRice and Fries said:
JMIA is up today, what gives?
#SHBM JWN weeklies! Went small to play earnings and up 250%! Total speculative play just cause my family been buying online from them all of covid lol
Let it ride
I'm thinking of exiting my SDC position and let this pull back into the 8-9s again. This has given us a few runs over the last few months. Anyone thinking the same?
I was a little late to the MGNI party and got in in the low 9s. Today I went net free selling half. Thanks OA! At what level would you consider adding more?