$INN: Recently had a senior note offering which if i read correctly basically gives investors an $12 call option through 2026? Did i read that right. They have had a huge volume spike past 3 days but traded around $8.6 which may be the floor.

Summit Hotel Properties(INN) said Friday it priced an underwritten public offering of $250 million of 1.50% convertible senior notes due 2026.
The company has granted underwriters a 13-day option to purchase up to an additional $37.5 million of the notes to cover over-allotments.
The notes will have an initial conversion rate of 83.4028 per $1,000, equivalent to a conversion price of $11.99 per share and a conversion premium of approximately 37.5%.
The offering is expected to close on Jan. 12.
Price: 8.72, Change: -0.79, Percent Change: -8.31

Would WWR below $5.00 be a good time to get in on it?

Aggie118 said:

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Would WWR below $5.00 be a good time to get in on it?

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I keep adding to mine sub $5

I did

I love $BETZ. Just slowly prints money for me.

Aggie118 said:

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Would WWR below $5.00 be a good time to get in on it?

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Wouldn't hurt. I think a lot of us are in at $5

I added 20% more this morning.

Works for td too??

Aggie118 said:

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Would WWR below $5.00 be a good time to get in on it?

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IMO below $5 is good and I have around $4.86ish as support. May not get there though. You might get a fill at flashes down to $4.95ish unless it falls through to the last support level I show....if my charting is correct anyway.

Fubo does not seem to want to break $32... thoughts?

rtpAggie said:

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McInnis 03 said:

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McInnis 03 said:

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HOLY **** IF YOU HAVE TOS THE BENZINGA AUDIO SQUAWK IS FREEEEEEEEEEEEEEEEE

EDIT: Ok, you click on "Chat rooms" at the top and open up "benzinga squawk" and then click "listen" in the bottom right.

omg omg omg omg

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This is a service that costs over $100 per month if you elect to purchase from Benzinga. I've made some really nice quick trades off this audio feed. It's worth playing over a speaker or headphones in your workspace.

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how about you do that and post the trades here?

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The difference between hearing it, typing it, and executing is LIGHT YEARS.

0708aggie said:

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Give it time young padawan.

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Thank you lol I just cancelled my $32 sell order. It keeps pushing up against it but won't break. Just don't want to lose half the gains from a break to the downside.

And just like that boom.

PINS trying to build above 73.50.

$GILD held that $61.72 line and trying for a reversal. I show maybe some bumps back again at $62.33

I have an order entered for another 20% if it will flash below 5 again.

Aggiesincebirth said:

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Fubo does not seem to want to break $32... thoughts?

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Just did

FJ43 said:

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$GILD held that $61.72 line and trying for a reversal. I show maybe some bumps back again at $62.33

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there's a lot of OI for the 62.5 this week. wondering if they're trying to keep it pinned down until after.

jayelbee said:

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Uber keeps hitting a ceiling at 58. Wonder if it will punch through.

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I went ahead and sold it all. great quick profit.

jayelbee said:

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Uber keeps hitting a ceiling at 58. Wonder if it will punch through.

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Nice timing

So question for the board on the UBER trade. Like most, I was able to go net free earlier this morning and then a majority of remaining contracts at the $2.15 target. But I'm holding a few back as we still have a couple weeks until expiration in case it keeps going.

Are others taking this approach on this and other similar trades? Or did you fully exit at your target price. Or look to roll profits out to another strike?

FJ43 said:

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$GILD held that $61.72 line and trying for a reversal. I show maybe some bumps back again at $62.33

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If it bounces a third time.. avg down?

TexasAg2017 said:

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Aggie118 said:

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Would WWR below $5.00 be a good time to get in on it?

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Wouldn't hurt. I think a lot of us are in at $5

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Follow up, what about selling DEEP itm puts?

Can sell the may $12.5p for about $8. Unless it explodes, you'll get the stock at $4.50 and if it breaks $12.50, you've made $8.

I generally sell atm/slightly otm puts, have never sold deep itm puts.

What am I missing? Besides the fact the stock could tank, but you were already going to go long shares anyway, so the puts lower your entry.

Aggiesincebirth said:

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0708aggie said:

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Give it time young padawan.

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Thank you lol I just cancelled my $32 sell order. It keeps pushing up against it but won't break. Just don't want to lose half the gains from a break to the downside.

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Quick and dirty but you can a resistance level here.

I'm out. OA said he was selling most at 2.15 and holding 10% for an undisclosed exit price this morning on TWTR.

0708aggie said:

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I'm out. OA said he was selling most at 2.15 and holding 10% for an undisclosed exit price this morning on TWTR.

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I got out at $2.15 as well

Ags2013 said:

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Aggiesincebirth said:

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Fubo does not seem to want to break $32... thoughts?

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Just did

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Yeah but it has been teasing me and has gotten up to $32.40 then keeps dropping hard after. back to $31 we go! COME BACKKKKK

FJ43 said:

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Aggiesincebirth said:

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0708aggie said:

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Give it time young padawan.

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Thank you lol I just cancelled my $32 sell order. It keeps pushing up against it but won't break. Just don't want to lose half the gains from a break to the downside.

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Quick and dirty but you can a resistance level here.

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Downslope here. I'm a long hold on FUBO so I'm not too worried

0708aggie said:

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So OA said he was selling the remaining UBER calls at 2.15. Yall holding or selling?

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I gave an initial net free target and then what I had high confidence in achieving target for traders who might not know what they're doing. I sold a percentage on the spike that passed by that and I'm using a feathering approach letting 25-50 calls go every $0.10 move and have around 20% of original position until $2.40 then probably dump the rest