Buying options or selling covered calls?Cadet05 said:
Thanks for the info! I'm thinking about dipping my toes in the water on very small options trade position. This seems like a good one to start with since the board is following it pretty heavily
been great. up 230% and not net free yet. Sold 20% of mara yesterday to be net free and some. go in gbtc at 13.3 i wouldn't sell a share for a long while.McInnis 03 said:
so I am a double in GBTC. #SHBWFM
Whoever brought this up, THANK you.
Just to clarify, you are talking about the $10 Feb calls for the shares bought yesterday?FJ43 said:I hadn't decided yet and will see what the action looks like early today.Cadet05 said:
WWr
For me on the most recent share purchase with cost basis in the $4.80s/.90s, I really want to keep the shares but will part with them for a double+ within 40 days on the Feb calls so will take a lower premium on cost basis reduction and shorter timeline. I can always resell them again after expiration. If I was north of $5 on costs basis I would probably sell the $7.50s.
I will also look at the May 12.50s since those are juiced up a bit. If they got called away in May for $12.50 plus the premium having a cost basis below $5 and getting $13.50+ isn't anything to sneeze at..
Chances are pretty high the 10s and 12s expire worthless and I keep the shares.
Edit: I will see if we get some buying action mirroring premarket to get the share price to $5.30s+ before selling calls most likely. Maximize it as much as possible.
YepCPDAggie10 said:Just to clarify, you are talking about the $10 Feb calls for the shares bought yesterday?FJ43 said:I hadn't decided yet and will see what the action looks like early today.Cadet05 said:
WWr
For me on the most recent share purchase with cost basis in the $4.80s/.90s, I really want to keep the shares but will part with them for a double+ within 40 days on the Feb calls so will take a lower premium on cost basis reduction and shorter timeline. I can always resell them again after expiration. If I was north of $5 on costs basis I would probably sell the $7.50s.
I will also look at the May 12.50s since those are juiced up a bit. If they got called away in May for $12.50 plus the premium having a cost basis below $5 and getting $13.50+ isn't anything to sneeze at..
Chances are pretty high the 10s and 12s expire worthless and I keep the shares.
Edit: I will see if we get some buying action mirroring premarket to get the share price to $5.30s+ before selling calls most likely. Maximize it as much as possible.
Some volume is coming in so you may get a little bump in premiums.Cadet05 said:
Covered calls
Same. Got lucky with fills at $4.75. Wish I had the Feb calls. Missed out on those yesterday, but will look for entry if it presents itself.maroon19 said:
Took TSM calls off at $4.50 as specified. Didn't want to get greedy with these, might see if it drops any before 1/29 expiration to buy back in.
third coast.. said:
pretty sure fidelity has limited the amount of option trades i am allowed to make. I keep getting told i have exceeded my options limits.
you talking ONTX?oldarmy1 said:
Yes....another seminar wealth builder. SELL THE OPEN!
The one that comes to mind is TSM. Flashed up close to $120 and sold off hard in the first 15 minutesCPDAggie10 said:you talking ONTX?oldarmy1 said:
Yes....another seminar wealth builder. SELL THE OPEN!
If you ever open another account, inflate your liquid net worth figures. Also, check speculative and aggressive, as well as your options knowledge. You don't have to use it but it will remove most restrictions that firms place on you. By checking that, it protects the firm from being sued if you lost all your money.third coast.. said:
pretty sure fidelity has limited the amount of option trades i am allowed to make. I keep getting told i have exceeded my options limits.
third coast.. said:
it wont let me sell CC on a couple of stocks but it let me put in an order to sell puts. Maybe buying a stock and then selling CC counts as a day trade?
third coast.. said:
it wont let me sell CC on a couple of stocks but it let me put in an order to sell puts. Maybe buying a stock and then selling CC counts as a day trade?
0708aggie said:
What are we doing with these 2/19 NET 100 calls? Basis 1.39, currently 1.70. What was target?
2percent said:
is anyone Bullish on syringe manufactures right now. Starting some research now but wondering if anybody has looked at some of them?
