AMD hitting the model T off of todays H&Low

Have a decent chunk of MGNI shares with approx 60% of them covered in Mar & June calls. I'm not to the point of wanting to buy those back, but I am looking at selling either 15 or 17.5 puts. Anyone been eyeing the Jan, Mar, or June puts?

I sold $15 puts. I think it was for June. I got $3.80 for them. I had MGNI Dec calls that I was planning to hold through expiration but sold when the premiums got so big. At $15 I'm happy with the puts expiring worthless or being assigned the shares I was originally planning to own.

Spaceship said:

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I dabble in penny stocks, and have been holding EPAZ since early November. I was down quite a bit, and I was ready to get out of it this morning when it shot up. So I sold it for a modest $162 profit to just get my money back and move on.

Since I sold in the past 3 hours, its up 159% and my investment would currently be a $4,800 profit.

Hurts to miss that one.

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that math seems off lol. $162 profit turns to $4800 after stock rises 2.6X?

$CIDM going for the rippy close

So we're thinking AMD needs more time huh

62strat said:

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Spaceship said:

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I dabble in penny stocks, and have been holding EPAZ since early November. I was down quite a bit, and I was ready to get out of it this morning when it shot up. So I sold it for a modest $162 profit to just get my money back and move on.

Since I sold in the past 3 hours, its up 159% and my investment would currently be a $4,800 profit.

Hurts to miss that one.

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that math seems off lol. $162 profit turns to $4800 after stock rises 2.6X?

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sure it's possible, just depends on how many shares were owned and at what basis.

CIDM could run

FJ43 said:

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oldarmy1 said:

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CIDM could run

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#SHBM

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Absolutely this. My meager 1k shares could really use some company.

oldarmy1 said:

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CIDM could run

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Perfect Model T example if you look at today's price action!

TxAggie-12 said:

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FJ43 said:

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TxAggie-12 said:

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Would any of you more skilled technical guys mind sharing your thoughts on this setup?

FNKO - IMO it looks ready to pop if any big volumes come in and it holds $11 area. Bounced off previous $9.86 resistance and headed to $11 area, pull back to $10.67 area and bounced off that support, made new high above yesterday's breakout, hovering around $11 area at the moment. After making its move back to $11 area, the pull back/red candles all had lower volumes.

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I like this ones action right now. Long cup back to February and resting above that break. Friday's volume was really solid and today again. It Model T'd at the open nicely and consolidating intraday today.

Has a big gap fill for about $4 now to get to about $15 again. Also has a decent options chain so may take an options play with any pull back intraday today.

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Appreciate the input. I was watching that model T real time this morning. What options are you looking at? Mind sharing your thought process on how you choose the strike and expiration? I bought the Feb $15 calls this morning at the $9.80 support area, avg entry $0.50. In hind sight I probably should have gone with $12.50. I struggle with picking the best strike price and expiration month. My thought for the $15 strike price was based on the gap down in Feb. Need to travel quite a bit to fill it. My position is small.

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Checked back on this late today and you may have begun that consolidation channel. Day 2 after the quick rise.

oldarmy1 said:

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CIDM could run

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So CIDM was up 25% today. I'm typically pretty hesitant to buy in the day after a big run. Is that just a silly habit I need to unlearn?

wanderer said:

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62strat said:

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Spaceship said:

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I dabble in penny stocks, and have been holding EPAZ since early November. I was down quite a bit, and I was ready to get out of it this morning when it shot up. So I sold it for a modest $162 profit to just get my money back and move on.

Since I sold in the past 3 hours, its up 159% and my investment would currently be a $4,800 profit.

Hurts to miss that one.

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that math seems off lol. $162 profit turns to $4800 after stock rises 2.6X?

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sure it's possible, just depends on how many shares were owned and at what basis.

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I started the day down, not at break even.

MARA at $4.98 AH and as low as $4.90.

Did you exit previous highs and looking to enter again?

OutlawAG04 said:

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Did you exit previous highs and looking to enter again?

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$MARA - No I sold covered Jan 6cs. Assuming I can buy back favorably I am planning to buy them back, keep the gain on premium and sell all shares except what I can keep net free.

Edit: Another option may be to buy back, resell at a higher strike such as Jan or Mar 9c and maybe have less than $1 cost basis in them. Then, if this has another rise and I get called for $9 I won't cry at all and if not I am in for less than $1 share.

$FSR- Thoughts on this cup and handle shown in purple? Some big volume spikes at the beginning, bottom, and towards the top of the rim and looks to be a flag forming on the handle. There is 20k+ OI on the 12/18 20C with 5k volume today which makes me think it may breakout soon if this is a C&H.

drred4 said:

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Any thoughts on QS? I bought a few shares outright early this morning.

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Hope you bought more than a few and held on to them.

slimjimsims said:

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drred4 said:

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Any thoughts on QS? I bought a few shares outright early this morning.

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Hope you bought more than a few and held on to them.

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haha

SAME THOUGHTS. WOW!

FJ43 said:

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Take it to this thread. Multiple states are joining Texas.

https://texags.com/forums/16/topics/3163937

Any one getting in / opinions on the door dash and Airbnb IPOs coming up

fooz said:

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FJ43 said:

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Take it to this thread. Multiple states are joining Texas.

https://texags.com/forums/16/topics/3163937

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Glad they are. Wondering is this has any market impact tomorrow.

Sitting at $0.88 per share roughly based on last round of covered calls at $9 for March. Really appreciate the input from you and OA1!

FJ43 said:

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TxAggie-12 said:

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FJ43 said:

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TxAggie-12 said:

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Would any of you more skilled technical guys mind sharing your thoughts on this setup?

FNKO - IMO it looks ready to pop if any big volumes come in and it holds $11 area. Bounced off previous $9.86 resistance and headed to $11 area, pull back to $10.67 area and bounced off that support, made new high above yesterday's breakout, hovering around $11 area at the moment. After making its move back to $11 area, the pull back/red candles all had lower volumes.

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I like this ones action right now. Long cup back to February and resting above that break. Friday's volume was really solid and today again. It Model T'd at the open nicely and consolidating intraday today.

Has a big gap fill for about $4 now to get to about $15 again. Also has a decent options chain so may take an options play with any pull back intraday today.

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Appreciate the input. I was watching that model T real time this morning. What options are you looking at? Mind sharing your thought process on how you choose the strike and expiration? I bought the Feb $15 calls this morning at the $9.80 support area, avg entry $0.50. In hind sight I probably should have gone with $12.50. I struggle with picking the best strike price and expiration month. My thought for the $15 strike price was based on the gap down in Feb. Need to travel quite a bit to fill it. My position is small.

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Checked back on this late today and you may have begun that consolidation channel. Day 2 after the quick rise.

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It is sitting right in the middle of the channel which shows up nicely on the weekly chart.

Interesting read on Mondays outage for Interactive Brokers.

https://www.bloomberg.com/amp/news/articles/2020-12-08/day-traders-pile-in-systems-groan-and-the-backlash-is-swift

Do many here use interactive brokers? A quick look at it seems they have real good margin rates compared to td, fidelity etc. I assume this would be the main reason to use them?

it won't matter one bit - all that happened on the PA case is no "immediate relief". The PA case is still on and will still be heard by the Supreme Court.

I do think the Texas case will be a humdinger, could have 8 or more states by tomorrow join in.

I don't think these effect markets, unless you see someone go to jail or some big news like that hit. BUT we're also near 3740, which is where Adam Mancini (and some others) have pegged as a potential top. We're overdo for a pullback - I bet a small one, like 5% I think.

aggies4life said:

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Any one getting in / opinions on the door dash and Airbnb IPOs coming up

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Both are good products, door dash is better than uber eats. I don't know what their prospects look like post covid.

Air BNB will kill it.

$30,000 Millionaire said:

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aggies4life said:

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Any one getting in / opinions on the door dash and Airbnb IPOs coming up

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Both are good products, door dash is better than uber eats. I don't know what their prospects look like post covid.

Air BNB will kill it.

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Many people around here play day of IPOs? I've never done it but agree with the Air BNB should be really popular and could be an interesting one to buy some shares and on any initial rip, if there is one, sell 60-75% and hold net free before getting an larger idea of how it will peforn