Richierich2323 said:

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cisgenderedAggie said:

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zwhag2010 said:

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wmitchell said:

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MBIO broke $4

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Any one entering covered calls at this level?

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Trying

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Don't see anything worthwhile but keep checking just in case something pops up. I have WAY too many of these right now from a % of my holding point of view.

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I was trying to hit Feb $5c for $1 but it didn't take

FJ43 said:

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Geez guys I go to a title office for a couple hours and WWR is back to mid $5s, ONTX at .50 and COTY calls back down a nickel above entry. Never leaving the house again.

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FJ, what kinda real estate are you in? That's also my primary business.

Big green reversal candle on $CIDM

FJ43 said:

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Orlando Ayala Cant Read said:

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FJ43 said:

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Geez guys I go to a title office for a couple hours and WWR is back to mid $5s, ONTX at .50 and COTY calls back down a nickel above entry. Never leaving the house again.

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FJ, what kinda real estate are you in? That's also my primary business.

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Rental cabins in the Gatlinburg TN area. Prices are through the roof (overpaying IMO) so taking gains and in this tax year while I 'think' capital gains will be less than future ones. For example paid $160k and sold for $375k, paid 245k and sold for $480k, etc. in less than 48 months. Just log style cabins. I will let the market soften a bit, buy land and build 3-5 on one piece of property with views. Rinse and repeat.

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Nice, if you're ever in CSTAT let me know . Dinner at Casa do Brasil on me.

Running with the Bulls said:

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Big green reversal candle on $CIDM

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Big volume there. Nice fight brewing here at mid $.60s. Feel free to break and run!

McInnis 03 said:

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$30,000 Millionaire said:

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I think there could be money to be made with an iron fly on AMZN with tomorrow's expiration. 1:1 risk to reward, and I would play conservatively, going for 25% profit, ideally with overnight theta decay.

sell 3200 / buy 3160 put
sell 3200 / buy 3240 call

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I am willing to buy a 20 wide 3200 fly for tomorrow though.

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i'm in the iron fly, we will see what happens.

If you went lotto on $370 expiring SPY you can either sell half to go net free what $0.34, depending on how many you got or hope it hits $370 for probably $0.55 and then I usually short 25% and day trade the no risk short.

Orlando Ayala Cant Read said:

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FJ43 said:

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Orlando Ayala Cant Read said:

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FJ43 said:

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Geez guys I go to a title office for a couple hours and WWR is back to mid $5s, ONTX at .50 and COTY calls back down a nickel above entry. Never leaving the house again.

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FJ, what kinda real estate are you in? That's also my primary business.

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Rental cabins in the Gatlinburg TN area. Prices are through the roof (overpaying IMO) so taking gains and in this tax year while I 'think' capital gains will be less than future ones. For example paid $160k and sold for $375k, paid 245k and sold for $480k, etc. in less than 48 months. Just log style cabins. I will let the market soften a bit, buy land and build 3-5 on one piece of property with views. Rinse and repeat.

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Nice, if you're ever in CSTAT let me know . Dinner at Casa do Brasil on me.

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You got it!

$COTY 1/15 $8s keep flirting with entry price

oldarmy1 said:

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Another lotto is $NET Dec 24th $0.25 calls. Markets engage for a rally that sucker rips upward. All of these are super high risk so not for anyone building capital stage.

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85s?

oldarmy1 said:

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Another lotto is $NET Dec 24th $0.25 calls. Markets engage for a rally that sucker rips upward. All of these are super high risk so not for anyone building capital stage.

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What size position do you usually do for these high risk plays? For example, If you have a 50K account, how much are you putting on a play like this vs. a play like GILD?

Who is on XL? Looks like a monster in the making

ClutchCityAg said:

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For example, If you have a 50K account, how much are you putting on a play like this

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50k? OA takes out his wallet and thinks what he'd buy with some of the cash in there.

FJ43 said:

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$MBIO....something is different this time. Look at the 12 month Daily and the volume build.

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You may be right, but I'm selling January 5C's, got .44 for them. Seemed like a no brainer just 3 weeks away. If I'm wrong I'll buy a dip and get back in

ClutchCityAg said:

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oldarmy1 said:

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Another lotto is $NET Dec 24th $0.25 calls. Markets engage for a rally that sucker rips upward. All of these are super high risk so not for anyone building capital stage.

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What size position do you usually do for these high risk plays? For example, If you have a 50K account, how much are you putting on a play like this vs. a play like GILD?

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My rule of thumb is never put more than 5% of your account value on one sided options plays.

I will put more into multi leg options strategies.

GILD is a tad different for me. Between merger talks, the technicals and the trading, I'm in for a lot. And I have my sells and strategy set to exhaust 4800 of these suckers.

I also have hedged a tad on it.

Philip J Fry said:

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Interesting that this weeks shape for ONTX is neatly the same as it was in July.

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Probably a little more than interesting, don't you think? Did we miss the top of the pump?

sold ACST, banked $1300, not holding the .50 line.

now at .46... n/m Zack is calling it a dip and buying, lol!

BREwmaster said:

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FJ43 said:

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$MBIO....something is different this time. Look at the 12 month Daily and the volume build.

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You may be right, but I'm selling January 5C's, got .44 for them. Seemed like a no brainer just 3 weeks away. If I'm wrong I'll buy a dip and get back in

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Man I really have no idea but that volume the past weeks following a 6 month consolidation channel means something. I will crawl under my desk if this thing rockets like MGNI or MARA because they release some news only 'insiders' know about I miss out after accumulating along the way.

That being said I should lower my costs basis towards net free on them. May wait to see if it runs a little more today towards the close and if the premium rises for the Jan calls and do it for half of shares max.

Asked this earlier but not sure I have seen any responses. Does anyone trade $SQQQ options as a hedge?

Prognightmare said:

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ClutchCityAg said:

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For example, If you have a 50K account, how much are you putting on a play like this

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50k? OA takes out his wallet and thinks what he'd buy with some of the cash in there.

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Is OA on the Michael Jordan level where if he drops a $50 bill it isn't even worth his time to stop and pick up?

FJ43 said:

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Asked this earlier but not sure I have seen any responses. Does anyone trade $SQQQ options as a hedge?

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DYoptions plays TQQQ options some (as overnight hold only). I would only hold SQQQ options short term (like overnight) as being "ultra short" it will trend down quick with a strong market.

Boat Shoes said:

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Philip J Fry said:

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Interesting that this weeks shape for ONTX is neatly the same as it was in July.

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Probably a little more than interesting, don't you think? Did we miss the top of the pump?

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Or are we looking at the dump not having happened fully yet? Looks like if it's following the earlier pattern there'd be another steep drop coming?

I'm no OA, but I took my profits happily and will wait to see what happens.

Back down to 0.3 or lower I hope.

look at XL (formerly PIC). That was a Zack call. Incredible - I'm up 86% on it in less than a month.

EQOS and FIII - they're big on those too. I like EQOS b/c it's a bitcoin play of sorts, will be first publicly traded digital currency.

BREwmaster said:

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FJ43 said:

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Asked this earlier but not sure I have seen any responses. Does anyone trade $SQQQ options as a hedge?

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DYoptions plays TQQQ options some (as overnight hold only). I would only hold SQQQ options short term (like overnight) as being "ultra short" it will trend down quick with a strong market.

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Thanks. Was tracking the intraday price action and it seems to move enough to hedge a little on the Qs

cisgenderedAggie said:

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Back down to 0.3 or lower I hope.

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Don't wish that on people still holding in the mid .30...

McInnis 03 said:

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Who is on XL? Looks like a monster in the making

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Up 10% since this post

BREwmaster said:

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look at XL (formerly PIC). That was a Zack call. Incredible - I'm up 86% on it in less than a month.

EQOS and FIII - they're big on those too. I like EQOS b/c it's a bitcoin play of sorts, will be first publicly traded digital currency.

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Look at Citron's tweet on XL. I had been reading about them 2 months ago but didn't realize they were going public via SPAC.

These damn spac's, this is retails version of IPO. Buy them in the 10's and hold them till they pop on the merge.

where did Zack Morris say it was a dip on ACST, I am not seeing it on his twitter feed or Atlas.

cmk10 said:

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cisgenderedAggie said:

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Back down to 0.3 or lower I hope.

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Don't wish that on people still holding in the mid .30...

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How about those of us holding mid 20s, 50s, 60s, and 80s?

We hope it drops back to the 20s.

So yes, we wish that on you, for your own good.