BREwmaster said:

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FJ43 said:

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oldarmy1 said:

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Prognightmare said:

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OA,

I'm not in WWR yet, what price should I target for entry? Stock, not options.

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Sell a $5 Jan naked Put. Make some money or lower entry.

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I not only bought shares today I also sold the $5 Feb Puts for $1.40. Will sell covered calls on the shares with a little bump.

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this is brilliant, doing this tomorrow on my small alottment!

also trying to buy back all my MBIO cc's, maybe it dips a little more with end of the year selling.

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I think all my buy orders for $7.5 CCs executed today for a 60% discount. I'm hoping to sell them back as $10s next week if it continues moving. I bought a little more SPXS Jan calls on the cheap and bought OSTK and a bit more QD. I also bought a decent amount of MARA under $12.

Orlando Ayala Cant Read said:

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I think my strength is understanding revenues and outstanding shares as it relates to mc.

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Proprietary to OACR or can you summarize what you look for?

third coast.. said:

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I have wanted to get in to AMZN for years but it has always seemed too rich for my blood. I am a devout prime member and use a number of their other services and have kicked myself for not buying outside of whatever I own in various funds. Would it be stupid to dump 20 grand worth of a fund and buy a few shares? I mean the stock is constantly at all time highs and it is hard to wrap my head around the price, but damn i spend so much with the company i feel like i should invest in them directly as well. What are yalls thoughts?

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Im no expert, but diversify. Always risky to have majority of investments in one stock

third coast.. said:

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i dont have more than 10-15% or so in any one stock or fund, but i would not be too exposed by doing this.

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I actually bought some two days ago. The entire market has moved while it sat still. Between the constant prime delivery vehicles on the road these dates AND discussions of how more and more companies are moving to the cloud, it's a no brainier. If I recall, last quarter when I looked, AWS was still growing~50%+ year over year

I'm not really sure now. I do like AMZN long term. I'm still kicking myself for not getting in on those 3159 and 3200 calls. I should have bought at least 1 of each last week, 1 of each Monday at the open, and then planned to buy the other 2 of each today. My plan of waiting until today to buy 4 of each was foolish and greedy (said in Sir Toppum Hat voice). Bad plan. Lesson (re)learned.

thanks for updating

tailgatetimer10 said:

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third coast.. said:

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i dont have more than 10-15% or so in any one stock or fund, but i would not be too exposed by doing this.

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I actually bought some two days ago. The entire market has moved while it sat still. Between the constant prime delivery vehicles on the road these dates AND discussions of how more and more companies are moving to the cloud, it's a no brainier. If I recall, last quarter when I looked, AWS was still growing~50%+ year over year

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Don't **** where you eat young whippersnapper

In. But I submitted a limit payment of $45 and I'm gonna wait to see if that fills.

Looks like stimulus checks ($600 variety)are hitting bank accounts for folks this morning. I didn't even realize that was a finalized thing yet.

mc_shipman said:

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Looks like stimulus checks ($600 variety)are hitting bank accounts for folks this morning. I didn't even realize that was a finalized thing yet.

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mine is routed to my fidelity brokerage account if it is like last time

Awesome stuff oacr. Thoughts on ssft? Trying to decide whether to take the L or average down a bunch.

I have yet to get shares called away before expiration, i think it's very unusual and you only really see it when there's a dividend to be snaked or a hostile takeover is getting started

NRD09 said:

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I have yet to get shares called away before expiration, i think it's very unusual and you only really see it when there's a dividend to be snaked or a hostile takeover is getting started

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This. I have had it happen once when the option went WAY itm. That said, if the stock is above the strike price even a penny at expiration, it will likely get called away.

third coast.. said:

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He's saying that in your example, even if the stock is $9.01 at the expiration date, it will still get called out automatically and you would sell your shares

And to your other post, it happens automatically so even though they are losing some money, they are entering a long position and expect to make it up with the holding

aggiedaniel06 said:

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The skill in running any scam is ones ability to package it in a way to make it seem like one has benevolent intentions.

Now their picks may or may not work, but they basically get almost risk free profits of a couple of points. Do that consistently and you're driving a Mclaren.

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When COVID hit the # of "trading strategy tutorial" and stock picking services sky-rocketed.

It was the easy shift for anyone familiar with internet marketing and looking to make a quick-buck.

You've got the stock picking scammers running hundreds of twitter accounts and just marketing the ones that come out winners.

You've got "trading strategy" sites popping up because there's literally turnkey services out there that can get you setup as a "strategist" and advertising on facebook and the like within minutes... and when my girlfriend's father who doesn't know the difference between a call and a put is throwing $99 at "some site he saw that teaches you how to make money day trading", then it's quite obvious how big this market has become.

A lot of these guys are the same groups running bots and buying PS5s and Nikes to flip -- just a different sector to run their racket.

third coast.. said:

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ok got you. i mean id still be making money even if I bought the stock back immediately anyways since i also pocketed the premium. Seems like a no brainer.

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Yeah I think if the stock was only going to be pennies above the strike price and you wanted to keep your shares, you would buy to close your calls back at a much lower price, therefore keeping your shares and pocketing most of the premium

Nb: just because a call cost .4 or whatever doesn't have any bearing on its value at a future time. If its intrinsic value (strike price + option price - current stock price) is .01 or greater then there is money to be made by calling away the shares. Price you paid is a sunk cost

Yes, i do this, especially if i think the sp is getting suppressed/pinned close to my sold call strike for opex, and will get a boost the following Monday

PDD on a rocket today. Net free on Jan 170 after a SHARP move.