Um, we're going to need to add more commas to your name.
What was your entry?oldarmy1 said:
If you followed on PLUG $32's I think it pushes to the money and flashes on $32 to go net free after this consolidation.
I did buy to cover just now. I was wondering why my available cash was so much lower when I logged in this morning.McInnis 03 said:
Um, we're going to need to add more commas to your name.
With SPY dropping today, what's the play if we did this spread? Is this still more of a play for over the weekend? Should we buy some calls on half the options for the spread?oldarmy1 said:$30,000 Millionaire said:My SPY plays right now are 1) a semi-calendar diagonal: 12/30 368C and sold today a 12/18 370C. Ideally, get to eat all the premium and then repeat with a 12/24. 2) 370/360/350P butterfly 12/24BREwmaster said:this is genius. I'm in, holding too much for comfort honestly and the spread helps neutralize the crazy premiums on SPY.oldarmy1 said:
Bear Put spread hedge tomorrow that takes us through Friday into Monday. The spread is cheaper than buying straight Puts. I think whatever is going to happen on the election front happens sometime Friday, and if it does I think all heck breaks loose.
Based on close today those would be to sell Dec 21 $364 Put. Buy the Dec 21 $367 Put.
Price works out to around $0.71 ($71/spread).
Futures hold and this is the perfect day for entering hedges of any type. Adjust upward the prices based on where markets are at after the open. $371/368 right now. I would maybe be more aggressive on the sell side put by spreading it an extra dollar. $371/367 just because of the possibility of a short term blow off top push with the weekend news cycle.
Told ya that was a bull flag formed. Up up and away!59 South said:
Did MGNI cure covid? It was nice knowin ya shares... 7.67 -> 20 + 1.30 premium in <4 months is just fine though.
I would cash in the Put side. This isn't a market selloff. It's post dividend drift. Dump the puts I think and if no calls then go out to Wednesday $372Touchless said:With SPY dropping today, what's the play if we did this spread? Is this still more of a play for over the weekend? Should we buy some calls on half the options for the spread?oldarmy1 said:$30,000 Millionaire said:My SPY plays right now are 1) a semi-calendar diagonal: 12/30 368C and sold today a 12/18 370C. Ideally, get to eat all the premium and then repeat with a 12/24. 2) 370/360/350P butterfly 12/24BREwmaster said:this is genius. I'm in, holding too much for comfort honestly and the spread helps neutralize the crazy premiums on SPY.oldarmy1 said:
Bear Put spread hedge tomorrow that takes us through Friday into Monday. The spread is cheaper than buying straight Puts. I think whatever is going to happen on the election front happens sometime Friday, and if it does I think all heck breaks loose.
Based on close today those would be to sell Dec 21 $364 Put. Buy the Dec 21 $367 Put.
Price works out to around $0.71 ($71/spread).
Futures hold and this is the perfect day for entering hedges of any type. Adjust upward the prices based on where markets are at after the open. $371/368 right now. I would maybe be more aggressive on the sell side put by spreading it an extra dollar. $371/367 just because of the possibility of a short term blow off top push with the weekend news cycle.
115k volume on the minuteFJ43 said:
$MBIO crawling its way back up. $3.09 now.
oldarmy1 said:Told ya that was a bull flag formed. Up up and away!59 South said:
Did MGNI cure covid? It was nice knowin ya shares... 7.67 -> 20 + 1.30 premium in <4 months is just fine though.
Fixed it. Sorry had wrong strikes as I went in the money on some $31's as well as well. Higher risk but higher reward. I think with the breakout it runs on up to $34-35CrazyRichAggie said:What was your entry?oldarmy1 said:
If you followed on PLUG $32's I think it pushes to the money and flashes on $32 to go net free after this consolidation.
Wouldn't sell anything less than theretramaro1 said:oldarmy1 said:Told ya that was a bull flag formed. Up up and away!59 South said:
Did MGNI cure covid? It was nice knowin ya shares... 7.67 -> 20 + 1.30 premium in <4 months is just fine though.
Sell Jan $25 covered calls on this run up?
What am I missing? I thought this was a SPY put spread? Buy the 371p, sell the 368p. Not sure what is meant by cashing in the put side.oldarmy1 said:I would cash in the Put side. This isn't a market selloff. It's post dividend drift. Dump the puts I think and if no calls then go out to Wednesday $372Touchless said:With SPY dropping today, what's the play if we did this spread? Is this still more of a play for over the weekend? Should we buy some calls on half the options for the spread?oldarmy1 said:$30,000 Millionaire said:My SPY plays right now are 1) a semi-calendar diagonal: 12/30 368C and sold today a 12/18 370C. Ideally, get to eat all the premium and then repeat with a 12/24. 2) 370/360/350P butterfly 12/24BREwmaster said:this is genius. I'm in, holding too much for comfort honestly and the spread helps neutralize the crazy premiums on SPY.oldarmy1 said:
Bear Put spread hedge tomorrow that takes us through Friday into Monday. The spread is cheaper than buying straight Puts. I think whatever is going to happen on the election front happens sometime Friday, and if it does I think all heck breaks loose.
Based on close today those would be to sell Dec 21 $364 Put. Buy the Dec 21 $367 Put.
Price works out to around $0.71 ($71/spread).
Futures hold and this is the perfect day for entering hedges of any type. Adjust upward the prices based on where markets are at after the open. $371/368 right now. I would maybe be more aggressive on the sell side put by spreading it an extra dollar. $371/367 just because of the possibility of a short term blow off top push with the weekend news cycle.
Thought he meant entering one. If you entered the $372/$369 spread it is an over the weekend hedge trade. I wouldn't sell it today.wanderer said:What am I missing? I thought this was a SPY put spread? Buy the 371p, sell the 368p. Not sure what is meant by cashing in the put side.oldarmy1 said:I would cash in the Put side. This isn't a market selloff. It's post dividend drift. Dump the puts I think and if no calls then go out to Wednesday $372Touchless said:With SPY dropping today, what's the play if we did this spread? Is this still more of a play for over the weekend? Should we buy some calls on half the options for the spread?oldarmy1 said:$30,000 Millionaire said:My SPY plays right now are 1) a semi-calendar diagonal: 12/30 368C and sold today a 12/18 370C. Ideally, get to eat all the premium and then repeat with a 12/24. 2) 370/360/350P butterfly 12/24BREwmaster said:this is genius. I'm in, holding too much for comfort honestly and the spread helps neutralize the crazy premiums on SPY.oldarmy1 said:
Bear Put spread hedge tomorrow that takes us through Friday into Monday. The spread is cheaper than buying straight Puts. I think whatever is going to happen on the election front happens sometime Friday, and if it does I think all heck breaks loose.
Based on close today those would be to sell Dec 21 $364 Put. Buy the Dec 21 $367 Put.
Price works out to around $0.71 ($71/spread).
Futures hold and this is the perfect day for entering hedges of any type. Adjust upward the prices based on where markets are at after the open. $371/368 right now. I would maybe be more aggressive on the sell side put by spreading it an extra dollar. $371/367 just because of the possibility of a short term blow off top push with the weekend news cycle.
I went ahead and closed out both sides of the position. That's how I took the response. Was about a 30% gain for me for holding overnight so I'll take it. It's in the money, but not due to a large market move like we thought was possible. So cash the ticket.wanderer said:What am I missing? I thought this was a SPY put spread? Buy the 371p, sell the 368p. Not sure what is meant by cashing in the put side.oldarmy1 said:I would cash in the Put side. This isn't a market selloff. It's post dividend drift. Dump the puts I think and if no calls then go out to Wednesday $372Touchless said:With SPY dropping today, what's the play if we did this spread? Is this still more of a play for over the weekend? Should we buy some calls on half the options for the spread?oldarmy1 said:$30,000 Millionaire said:My SPY plays right now are 1) a semi-calendar diagonal: 12/30 368C and sold today a 12/18 370C. Ideally, get to eat all the premium and then repeat with a 12/24. 2) 370/360/350P butterfly 12/24BREwmaster said:this is genius. I'm in, holding too much for comfort honestly and the spread helps neutralize the crazy premiums on SPY.oldarmy1 said:
Bear Put spread hedge tomorrow that takes us through Friday into Monday. The spread is cheaper than buying straight Puts. I think whatever is going to happen on the election front happens sometime Friday, and if it does I think all heck breaks loose.
Based on close today those would be to sell Dec 21 $364 Put. Buy the Dec 21 $367 Put.
Price works out to around $0.71 ($71/spread).
Futures hold and this is the perfect day for entering hedges of any type. Adjust upward the prices based on where markets are at after the open. $371/368 right now. I would maybe be more aggressive on the sell side put by spreading it an extra dollar. $371/367 just because of the possibility of a short term blow off top push with the weekend news cycle.
Well, I misinterpreted it, but still made a profit on it. If SPY rises back up, I may reenter or potentially just change the spread to whatever it's at near close today.Touchless said:I went ahead and closed out both sides of the position. That's how I took the response. Was about a 30% gain for me for holding overnight so I'll take it. It's in the money, but not due to a large market move like we thought was possible. So cash the ticket.wanderer said:What am I missing? I thought this was a SPY put spread? Buy the 371p, sell the 368p. Not sure what is meant by cashing in the put side.oldarmy1 said:I would cash in the Put side. This isn't a market selloff. It's post dividend drift. Dump the puts I think and if no calls then go out to Wednesday $372Touchless said:With SPY dropping today, what's the play if we did this spread? Is this still more of a play for over the weekend? Should we buy some calls on half the options for the spread?oldarmy1 said:$30,000 Millionaire said:My SPY plays right now are 1) a semi-calendar diagonal: 12/30 368C and sold today a 12/18 370C. Ideally, get to eat all the premium and then repeat with a 12/24. 2) 370/360/350P butterfly 12/24BREwmaster said:this is genius. I'm in, holding too much for comfort honestly and the spread helps neutralize the crazy premiums on SPY.oldarmy1 said:
Bear Put spread hedge tomorrow that takes us through Friday into Monday. The spread is cheaper than buying straight Puts. I think whatever is going to happen on the election front happens sometime Friday, and if it does I think all heck breaks loose.
Based on close today those would be to sell Dec 21 $364 Put. Buy the Dec 21 $367 Put.
Price works out to around $0.71 ($71/spread).
Futures hold and this is the perfect day for entering hedges of any type. Adjust upward the prices based on where markets are at after the open. $371/368 right now. I would maybe be more aggressive on the sell side put by spreading it an extra dollar. $371/367 just because of the possibility of a short term blow off top push with the weekend news cycle.