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Cartographer
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No doubt they will bring us difficulties, taxes, and general pillaging of the middle class. I will suggest two things:

1) find the holes and find a way to exploit them. Dems donors are big tech, wall street, bankers, lobbies, etc. These people have money to hide and we should work to exploit that as much as possible.

2) Buy real assets. Whether land, cattle, oil, gold, etc. In the event this whole thing turns upside down what could be better than a high fence, crops, cattle, and guns?

Back to stocks:

We were discussing this today at the office and the idea came up that any Biden O&G plan, tax, whatever is most likely to cause a disruption in the supply chain. Banning would constrict the supply and increase the value of the assets in the short term.

I think looking at Oil and LNG e&p stocks with existing footholds, specifically in the near to long term, would be a great move. Also add in some established midstream companies and we're in business. Many of these have crept up recently but, I think they pull back on any drop in prices and you can get some good deals on companies that are at about half value of where they were in Dec 2019.
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McInnis 03
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AG
Tsla must do infrastructure. 850 magnet this morning
backintexas2013
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AG
And BTC hits $40,000


MARA going to run again.
FJ43
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Mornun ' ladies and gentlemen. Not sure about y'all but I think my plan is to trim some and maybe more at the open and any strength today. Active positions only and obviously none from accumulation or long term holds. Not sure I want to risk a rug pull or headline and lose such great gains.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

backintexas2013
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AG
I have a few open Jan 15 positions that I don't think I want to hold over the weekend. Might sell on a pop.

Also my GILD lotos for today I might sell if it pops early. If not will hold until noon.

I am holding my VERU Jan 15c $10c over the weekend but that's because of January 11th.
FJ43
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backintexas2013 said:

I have a few open Jan 15 positions that I don't think I want to hold over the weekend. Might sell on a pop.

Also my GILD lotos for today I might sell if it pops early. If not will hold until noon.

I am holding my VERU Jan 15c $10c over the weekend but that's because of January 11th.
The main ones I plan to key in on are those like TSM, MOS, etc. that are extended in their rise. Although some go out to Feb and even March , f they come off the top of their bands to retest their average means it will be hard to gain such premiums back unless another solid rise again.

Am I missing something on this?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

backintexas2013
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I don't think you are missing anything. I have MOS March $30c but I sold 2/3 to go net free so I can hold out on those.

And holding my COTY January 22 $7c because why not.

And BTC races past $41,000
FJ43
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backintexas2013 said:

I don't think you are missing anything. I have MOS March $30c but I sold 2/3 to go net free so I can hold out on those.


I've got the same on MOS. Trimmed a few at strength points yesterday. Right now its completing a cup shelf all the way back to March 2019 and with some resistance here. It keeps moving through what I am calling a shelves (multiple small cups within the overall larger). Maybe there is an actual term for this. After that $32.50 is probably next major resistance which man those premiums would be beautiful..
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

backintexas2013
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I may regret selling 2/3 but it just seemed prudent given my next month at work.

I am selling my FCEL january 15 $12c at open if the strength continues. Might buy some 15p if it touches $16
Rice and Fries
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backintexas2013 said:

I may regret selling 2/3 but it just seemed prudent given my next month at work.

I am selling my FCEL january 15 $12c at open if the strength continues. Might buy some 15p if it touches $16



I agree. I trimmed my TSM, MOS calls by 50% yesterday. I may get rid of another 25% here if the run continues.

I trimmed a lot earlier this week. Glad I closed some MGNI options to take profits.

And I'm floored by BTC breaking through the $40K level like it was nothing.
Rice and Fries
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Rice and Fries said:

backintexas2013 said:

I may regret selling 2/3 but it just seemed prudent given my next month at work.

I am selling my FCEL january 15 $12c at open if the strength continues. Might buy some 15p if it touches $16



I agree. I trimmed my TSM, MOS calls by 50% yesterday. I may get rid of another 25% here if the run continues.

I trimmed a lot earlier this week. Glad I closed some MGNI options to take profits.

And I'm floored by BTC breaking through the $40K level like it was nothing.



This Bitcoin run keeps pulling my account balance higher with these 4-5% daily portfolio value gains.
Rice and Fries
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TSM up another 2% premarket. These calls should be approaching the $6.50-7 level.
FJ43
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Ragoo said:

Do you have a scan you are running in ToS to find setups?
I posted a link to a site on the TOS thread McInnis (one of them not sure which one) started that has some great studies, setups and scan coding you can just bring right into your TOS platform.

You may already use the site but I have found some gems on it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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Ragoo
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third coast.. said:

so if i have some CC expiring today that are obviously not going to finish in the money, what can I expect their price to do throughout the day? How fast will the price tank?

https://www.optionseducation.org/toolsoptionquotes/optionscalculator
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FJ43
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FJ43 said:

Ragoo said:

Do you have a scan you are running in ToS to find setups?
I posted a link to a site on the TOS thread McInnis (one of them not sure which one) started that has some great studies, setups and scan coding you can just bring right into your TOS platform.

You may already use the site but I have found some gems on it.
Ragoo here is the link as well. Not sure why I didn't just post it here as well.

https://usethinkscript.com/
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

gig em 02
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gig em 02 said:

McInnis 03 said:

gig em 02 said:

Whales please push SNOW over 303 ASAP, thanks
This could be day 1. Look at the volume. Close over 299.27 would give access to next level at 306

NOBODY DO ANYTHING STUPID NO RIOTS NO TWEETS NO NOTHING LET ME GET THIS SNOW RIP TOMORROW THEN ALL YALL CAN DRESS LIKE BUFFALOS AND DO HOOLIGAN THINGS


FJ43
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$UEC - Uranium Energy Corp

Where is this thing going? Shares are like $2.25 and actually has an option chain.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

McInnis 03
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Gapped! Love it! $snow
Charismatic Megafauna
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Are all those .09 strikes nonstandard (due to a split or something) ? If so those can be tough to move if they're otm, due to low volume. Otherwise there's always someone that will sell you your likely to expire worthless otm contracts on the day of for a nickel. If you really want to resell them today put the buy to close order in. If your platform allows you to roll that may be a better option.

Edits: congrats on the 3rd kid, btw! You guys were busy yesterday, i had a consulting gig and am just now catching up on 14 pages!!!
astroaggie13
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OA or anyone else accumulating a stock like WWR with options. Do you sell CC against a portion on a pop like this? If so, just go out to Feb with the 10s?
Gig em Stros
McInnis 03
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FJ43
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astroaggie13 said:

OA or anyone else accumulating a stock like WWR with options. Do you sell CC against a portion on a pop like this? If so, just go out to Feb with the 10s?
Sell the Feb 12.50s. Not much difference in premium between those and the 10s and $2.50 more if called away.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Madmarttigan
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Student loan forgiveness makes me salty after being dedicated and paying off over 150k between my wife and I.

However the interest rates they charge on loans requiring you to refinance is insane and should be fixed
Formerly tv1113
Rice and Fries
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McInnis 03 said:




Michael Burry from the big short says that TSLA is his biggest short right now.
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McInnis 03
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AG
Rice and Fries said:

McInnis 03 said:




Michael Burry from the big short says that TSLA is his biggest short right now.


Let's see how much pain he can handle
Rice and Fries
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tv1113 said:

Student loan forgiveness makes me salty after being dedicated and paying off over 150k between my wife and I.


Couldn't agree more. You'd at least offer up those like us a freaking bone with some onetime $50K deduction if you had student loans within the last x number of years. But they won't.

How can anyone not be upset about being diligent to pay back the loans and just watch others who didn't get the same benefit for free?
FJ43
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$TSM - Just FYI if you aren't on Twitter OA is selling all his Jan calls and 75% of February calls at the open on this one.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Rice and Fries
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ROKU at $385
Rice and Fries
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Rice and Fries said:

ROKU at $385


MARA at freaking $25?!? Wtf man.
AgEE10
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Rice and Fries said:

Rice and Fries said:

ROKU at $385


MARA at freaking $25?!? Wtf man.


Lately I've noticed it's been popping at open then fades into the day a bit.
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