I'm holding mine. Still some time left.chrisfield said:
Anybody still hanging on to LOW or time to cut bait?
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Last: 3 hrs ago by $30,000 Millionaire
I decided to double down on $LOW with some of my profits. I'm giving it part of next week.
CPDAggie10 said:I'm holding mine. Still some time left.chrisfield said:
Anybody still hanging on to LOW or time to cut bait?
Holding as well
advising all of you to be prepared for volatility.
MBIO struggling to clear &4
Seeing lots of activity on VIX Jan 35c.....$30,000 Millionaire said:
advising all of you to be prepared for volatility.
AMZN showing relative weakness today, maybe one day she'll go again.
Same. But adding to the shortlist for most accurate ticker of the weekzwhag2010 said:CPDAggie10 said:I'm holding mine. Still some time left.chrisfield said:
Anybody still hanging on to LOW or time to cut bait?
Holding as well
Let it ride
Good volume coming in on NET
It does feel like the markets are getting greedy. Or maybe it is just me.McInnis 03 said:Seeing lots of activity on VIX Jan 35c.....$30,000 Millionaire said:
advising all of you to be prepared for volatility.
Anyone adding to their hedges or placing new hedges?
AMD
Looks like we might be approaching the next level of resistance around 93.80 based on the hourly
Looks like we might be approaching the next level of resistance around 93.80 based on the hourly
$LLNW breaking out of the 4 day trend. Added more of the March 5c yesterday.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
SNOW
Absolute monster day. I looked at 380s this morning based on Sam going with 370s yesterday. They were 1.10 when I saw them this morning after open...11.80 a few minutes ago. Ugh.
Absolute monster day. I looked at 380s this morning based on Sam going with 370s yesterday. They were 1.10 when I saw them this morning after open...11.80 a few minutes ago. Ugh.
Literally just sold the March $6 call for $0.50FJ43 said:
$LLNW breaking out of the 4 day trend. Added more of the March 5c yesterday.
original cost of $4.61 so if called that's decent 45% return and if not cost basis down to $4.11....rinse and repeat.
So we're hoping for March expiry price to be $5.99 and we get icing on top?!?!?
I'd still be nervous of getting called at that price since buyer is only looking at $6-$6.50 to be ITM so might be close enough for them
I am only trading the options and not covered calls on this one. There is a lot of time for this to get ITM on the 5c so risk/reward is good.trip98 said:Literally just sold the March $6 call for $0.50FJ43 said:
$LLNW breaking out of the 4 day trend. Added more of the March 5c yesterday.
original cost of $4.61 so if called that's decent 45% return and if not cost basis down to $4.11....rinse and repeat.
So we're hoping for March expiry price to be $5.99 and we get icing on top?!?!?
I'd still be nervous of getting called at that price since buyer is only looking at $6-$6.50 to be ITM so might be close enough for them
If you are $0.01 out you will get called IMO.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
There were some big volume alerts from CheddarFlow earlier, people loading 1000 Jan 500 calls for around 100K in premiumjtmoney03 said:
SNOW
Absolute monster day. I looked at 380s this morning based on Sam going with 370s yesterday. They were 1.10 when I saw them this morning after open...11.80 a few minutes ago. Ugh.
Let it ride
McInnis,
I am adding $AMZN today. It tends to sell off on Fridays and gaps up Monday.
I am adding $AMZN today. It tends to sell off on Fridays and gaps up Monday.
I probably would've sold half on a pop and gone net free, then you don't have to work as hard at selling CC's. But I do like the higher strike price on CC and that seems like a good plan.trip98 said:
SNDL advice needed
taxable account
bought 200 at $0.31 and sold 2 Jan 15 $1 calls right away. Only got $0.06 premium but hey at that low entry they weren't going for much and net cost of $0.25 was appealing OR getting called at $1 for fat profits.
Now I'm thinking of making this move...
buy back my calls at $0.27 but then sell $1.50 calls for $0.23.
Yes it takes my net cost to $0.29 but that's only a $.04 difference with the tradeoff being a strike price $0.50 higher.
If I get called I make more than I would have originally. If I don't get called my net cost isn't that much different and I just sell more covered calls at that time to push cost lower.
thoughts??
$AMD making higher lows today!
Anyone buying this SNDL dip?
$NOV
Someone just bought $1.2M premium of the 5/21 17c. Block trade.
Someone just bought $1.2M premium of the 5/21 17c. Block trade.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
busy work day for me today, so went ahead and sold income trades I was waiting on.
+3.5% week, so really happy with that. Thank you $TSLA and $NFLX.
Cautioning you all again.
+3.5% week, so really happy with that. Thank you $TSLA and $NFLX.
Cautioning you all again.
Not me - looks like they're diluting the heck outta their stock today.Spaceship said:
Anyone buying this SNDL dip?
I like the segment, but I am in MJ (an ETF), as I just don't understand how to pick the winners and losers in this space.
Same with online betting. I'm in BETZ, an ETF, for similar reasons.
yeah only reason I'm going the CC route is I believe OA1 gave guidance of a target around $1
Was eyeing this as well... 3300s for next week? or you going further out?$30,000 Millionaire said:
McInnis,
I am adding $AMZN today. It tends to sell off on Fridays and gaps up Monday.
Let it ride
$GOCO Volume!
$30,000 Millionaire said:
busy work day for me today, so went ahead and sold income trades I was waiting on.
+3.5% week, so really happy with that. Thank you $TSLA and $NFLX.
Cautioning you all again.
What are you thinking drives the volatility?
SNGX with some volume and possible goal post after PT increase. Idea from @ripster47. Any thoughts?
I've been trimming all morning...some too early probably but agree we may have a dump at some point at these levels. Nervous these days....$30,000 Millionaire said:
busy work day for me today, so went ahead and sold income trades I was waiting on.
+3.5% week, so really happy with that. Thank you $TSLA and $NFLX.
Cautioning you all again.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I'll go contrarian and say we gap up Monday. I'm sure I'll be wrong. I'm a big believer in technical analysis but not really on VIX. Everybody is saying we're at top of resistance, long VIX support around 20, this can't be too good to be true, etc etc etc. Everybody is usually wrong when there's a consensus. Period. Prove me wrong.
Yours truly, your favorite permabull (until the Fed turns off the cash machine and ZIRP goes away... in a few years...)
Yours truly, your favorite permabull (until the Fed turns off the cash machine and ZIRP goes away... in a few years...)
Did i see correctly that there was just 2 million shares bought on AMD?
what was exit on these, 7.50? 12/18 75C I think they wereCrazyRichAggie said:
Good volume coming in on NET
I'm following this volume except I went with the 25s. I really have no idea what I am doing, but I know I will sleep better this weekend knowing I'm in it.McInnis 03 said:Seeing lots of activity on VIX Jan 35c.....$30,000 Millionaire said:
advising all of you to be prepared for volatility.
I do not trade that far OTM in the near-term. furthest OTM I would consider for next week is 3250, but you'd have to be willing to kill quickly. 3300 for Jan monthlies is not a bad idea.ClutchCityAg said:Was eyeing this as well... 3300s for next week? or you going further out?$30,000 Millionaire said:
McInnis,
I am adding $AMZN today. It tends to sell off on Fridays and gaps up Monday.
3300 is +2 ATR, that is a really big move from the mean (where we are now). Bullish consolidation, though.
Completely agree. and I have made a lot more holding through the weekend than any other time. BUT not advice, lock in gains too!59 South said:
I'll go contrarian and say we gap up Monday. I'm sure I'll be wrong. I'm a big believer in technical analysis but not really on VIX. Everybody is saying we're at top of resistance, long VIX support around 20, this can't be too good to be true, etc etc etc. Everybody is usually wrong when there's a consensus. Period. Prove me wrong.
Yours truly, your favorite permabull (until the Fed turns off the cash machine and ZIRP goes away... in a few years...)
Adam Mancini has 3700 as a very key level, if we don't hit that today, I bet it's Monday. 3730 is the next level after that, but I'd be pretty cautious above 3700.
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