AgEng06 said:

---

AgEng06 said:

---

Looking for advice on MGNI... I know OA said earlier that he was selling $25 calls against half of his shares. I only have 100 shares left, so I'm wondering how to handle the rest of them. Should I go ahead and sell at a predetermined point, or try to sell some calls, or ???

---

Bringing this back up now that the day's craziness has died down. Any advice would be appreciated!

---

Are you net free? I don't see the harm in just continuing to hold them if so.

Let me put it this way, I am net free and not planning on selling out of my shares anytime soon. I may sell some to buy some WWR though.

Rice and Fries said:

---

AgEng06 said:

---

AgEng06 said:

---

Looking for advice on MGNI... I know OA said earlier that he was selling $25 calls against half of his shares. I only have 100 shares left, so I'm wondering how to handle the rest of them. Should I go ahead and sell at a predetermined point, or try to sell some calls, or ???

---

Bringing this back up now that the day's craziness has died down. Any advice would be appreciated!

---

Are you net free? I don't see the harm in just continuing to hold them if so.

Let me put it this way, I am net free and not planning on selling out of my shares anytime soon. I may sell some to buy some WWR though.

---

I am not saying this is the right approach but one I have taken is if I have hit the higher end of my target and the upside is on a percentage basis is a lot less than a potential new accumulation trade, I will take the majority of profits and roll into the next play leaving some shares 'planted' as OA says.

For me I am also looking at what is the next play I can achieve a potential high return once again.

Yes, I am net free on them. Thanks.

The massive upside I was hoping from $2-12 is now gone. Harder to justify grabbing it at 12 hoping for a 4/5x.

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

Does anyone have any recommends on buying out or $7 and $10 covered calls? Lol

oldarmy1 said:

---

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

I sold all but a rather small net free position. This is all bank driven madness.

---

I'd love to be able to take advantage of the recent spike to go net free, but all my shares are covered by March $9/$10/$15 CCs. Could definitely be in worse shape, but lesson learned to not sell CCs against 100%

FJ43 said:

---

Rice and Fries said:

---

AgEng06 said:

---

AgEng06 said:

---

Looking for advice on MGNI... I know OA said earlier that he was selling $25 calls against half of his shares. I only have 100 shares left, so I'm wondering how to handle the rest of them. Should I go ahead and sell at a predetermined point, or try to sell some calls, or ???

---

Bringing this back up now that the day's craziness has died down. Any advice would be appreciated!

---

Are you net free? I don't see the harm in just continuing to hold them if so.

Let me put it this way, I am net free and not planning on selling out of my shares anytime soon. I may sell some to buy some WWR though.

---

I am not saying this is the right approach but one I have taken is if I have hit the higher end of my target and the upside is on a percentage basis is a lot less than a potential new accumulation trade, I will take the majority of profits and roll into the next play leaving some shares 'planted' as OA says.

For me I am also looking at what is the next play I can achieve a potential high return once again.

---

I think this really matters on the account type you are holding the shares in. Mine are in an IRA, so I have time on my side and no pressure given I'm net free. But totally understand punching out after hitting your target.

My contrary point is, I was pencilling $300 as a target for my ROKU. But I ended up not doing anything with them and it's up to $350 and has been a big reason why that account has jumped almost 50% this quarter. I'm sure others would tell me I need to rebalance, but I've set a trailing stop loss and wanna keep my money on the Come Bar given the odds and lower house edge.

wanderer said:

---

oldarmy1 said:

---

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

I sold all but a rather small net free position. This is all bank driven madness.

---

I'd love to be able to take advantage of the recent spike to go net free, but all my shares are covered by March $9/$10/$15 CCs. Could definitely be in worse shape, but lesson learned to not sell CCs against 100%

---

In a similar vein, I reluctantly let some of my MARA $9 calls execute, at 30 cents in the money last Friday (for a decent net loss on the options purchase). Wrote $15 January covered calls on half the resulting shares this morning. We'll see how this ends up...

wanderer said:

---

oldarmy1 said:

---

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

I sold all but a rather small net free position. This is all bank driven madness.

---

I'd love to be able to take advantage of the recent spike to go net free, but all my shares are covered by March $9/$10/$15 CCs. Could definitely be in worse shape, but lesson learned to not sell CCs against 100%

---

Unless you think it breaks $15 and you get paid on those premiums plus $15 for the stock you're almost always better off selling the stock and buying back the covered call when its run up. Stock value outpaces out of the money strikes to make that the best move on volatile stocks that can drop like a rock as fast as they sky.

oldarmy1 said:

---

wanderer said:

---

oldarmy1 said:

---

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

I sold all but a rather small net free position. This is all bank driven madness.

---

I'd love to be able to take advantage of the recent spike to go net free, but all my shares are covered by March $9/$10/$15 CCs. Could definitely be in worse shape, but lesson learned to not sell CCs against 100%

---

Unless you think it breaks $15 and you get paid on those premiums plus $15 for the stock you're almost always better off selling the stock and buying back the covered call when its run up. Stock value outpaces out of the money strikes to make that the best move on volatile stocks that can drop like a rock as fast as they sky.

---

OA you have probably already answered this but do you have simple puts against MARA rn?

Beautiful! Congrats!!

Orlando Ayala Cant Read said:

---

Ok I never do this, and its not really my style but after honestly feeling really shi**y about the Ags yesterday not getting in I have to post this to feel good even if I plan to take the post down in a few mins. And I'm pretty sure a lot of these gains will disappear in the next day or two but here it is anyway. Also, I feel like it kinda demonstrates if you DD something well, and believe in it, it can pay off.

---

Dammmmmmmn boiiii

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

I sold all mine at $4.71 the day before it jumped above $6

oldarmy1 said:

---

wanderer said:

---

oldarmy1 said:

---

Orlando Ayala Cant Read said:

---

yukmonkey said:

---

MARA is out of control

---

Over $12 now.

Cannot believe after putting so much work into accumulating this at $1.70-.1.80 I dumped my last bit in the 6s.

---

I sold all but a rather small net free position. This is all bank driven madness.

---

I'd love to be able to take advantage of the recent spike to go net free, but all my shares are covered by March $9/$10/$15 CCs. Could definitely be in worse shape, but lesson learned to not sell CCs against 100%

---

Unless you think it breaks $15 and you get paid on those premiums plus $15 for the stock you're almost always better off selling the stock and buying back the covered call when its run up. Stock value outpaces out of the money strikes to make that the best move on volatile stocks that can drop like a rock as fast as they sky.

---

hard to argue with that, just a painful pill to swallow to sell at an effective price of ~$9 ($12 minus ~$3 to buy a March $15 call back). I realize saying that sounds a bit greedy.

I'll probably end up buying back some and sitting on some for a bit longer.

Mostly Foggy Recollection said:

---

OA... I've accumulated a small European country's GDP worth of GILD 60s. Let's rock this thing.

---

I 2nd this motion. I might have a county's worth.

Ranger222 said:

---

Hope you guys got some VLDR

---

I did but not enough. Although i did pick enough CGRO though in a heavy trade. It's a spac in the same space.

Oh, I left out that selling at $6 was to go net free but I sold most of the rest at $10 AND bought puts.

I'm in the GILD gang too with diamond hands