McInnis 03 said:

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AgEng06 said:

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McInnis 03 said:

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Sndl

Buy stock .64
Sell next wks .50 for .25 to .30 y'all

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Is selling ITM calls just asking to be called out? Help me here please and I'll follow...

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You would not do this on the full position. You choose how much to run it on.

Some would do it on half the shares, some would do it on more.....the idea is to get called out on that piece and/or not get called out and lower your burden by that much......

Ie: Buy 200 shares at .65, sell 1-.50 CC for $.25. You either get left with 100 shares after selling the other 100 for basically $.75, or you stick with 200 with your average cost at .535.

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conversely, you could sell the 2/19 0.5P for .20 and either collect the premium or pick up the shares at .30, I sold these puts 6 weeks back at .20 and they were down to .05. I'm riding them to expiration for either full premium or assignment, happy either way.

Great find. I already have some $1 and $1.5 I sold when I ran a few months ago.

GNUS moving finally

It sure seems like at some point, sooner than later, there is going to be a correction or pull back. If you just parked a chunk in UVXY or something similar, and did nothing else, you would likely make a nice sum. Am I wrong?

Any thoughts on what NAKD will do after hours?

AgEng06 said:

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McInnis 03 said:

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AgEng06 said:

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McInnis 03 said:

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Sndl

Buy stock .64
Sell next wks .50 for .25 to .30 y'all

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Is selling ITM calls just asking to be called out? Help me here please and I'll follow...

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You would not do this on the full position. You choose how much to run it on.

Some would do it on half the shares, some would do it on more.....the idea is to get called out on that piece and/or not get called out and lower your burden by that much......

Ie: Buy 200 shares at .65, sell 1-.50 CC for $.25. You either get left with 100 shares after selling the other 100 for basically $.75, or you stick with 200 with your average cost at .535.

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So now that the share price is dropping, any reason not to go out 2 weeks and get 0.25 per on <0.60 share price?

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Your menu, you pick the meal!

Ok what's the yolo AH play?

backintexas2013 said:

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Ok what's the yolo AH play?

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AAPL calls 148 this week

Ha, thanks. I appreciate it.

On the SNDL chart, you'll see support right at that .50 level.

Fightin_Aggie said:

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Fightin_Aggie said:

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M.C. Swag said:

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Wall st is a casino? Same exact thing Varney said on Fox biz. Huh, almost like a script they have

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Where were all these calls for regulations when this skumbag (Bill Ackman) was calling for blood in the streets and making bank on shorts during the COVID dive



https://www.mediaite.com/tv/hedge-fund-heavy-bill-ackman-warns-cnbc-that-hell-is-coming-in-stunning-interview-america-will-end-as-we-know-it/

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exactly what i was thinking earlier.

McInnis 03 said:

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On the SNDL chart, you'll see support right at that .50 level.

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Thanks.

Diamond hands engaged

Well it took me a while, but I was able to roll my Feb $5 covered calls on AMC to Mar $10 for a $0.50 credit...I'll take it for now

Whoever was asking about MBIO earlier, right about now would be a good spot to buy on the dip.

Is r/wsb down?!?

Edit - nvm, was just really slow.

Reddit as a whole looks to be down

MaroonDynasty said:

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Is r/wsb down?!?

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Up for me.

https://www.reddit.com/r/wallstreetbets/

eta: per wsb discord, working for some and not others

Whatever just happened my account dropped 1.5% in a minute

Posted above but Tastyworks guys and then it was mentioned on CNBC of a 20 point move from here.

Someone must be leaking something

khaos288 said:

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Whatever just happened my account dropped 1.5% in a minute

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QQQ is melting as Powell is talking

Look out below

Whoa, my SQQQ calls popping

59 South said:

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just sold all my PLTR 30 calls for $14 from $1.10... geez

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Diamond hands. I exited my 100 calls of the same strike/date at .70. Have played it well after reentering, but still. That would be an account changer if I had held all the way. Gotta learn and move on.

$TICK just touched -1200 again

[url=https://twitter.com/search?q=%24WWR&src=cashtag_click][/url]Posting this one more time just because of how fast this moving. The edits are included from my earlier post.

Quote:

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$WWR holders of shares only. You have options to become net free using either March $10 covered calls. Pocket premium or get taken out above $10 for net free status.

In markets like these that's what I'd do

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OA1 posted this tweet a few minutes ago. I am just starting to get into this and I have started reading and researching before I jump in. Would anyone walk me through the math on getting net free with the March $10 CCs on this assuming I have 1000 shares at a $7 average price (I don't but just trying to learn the lingo/math). Thanks in advance.

Edit: After working through this myself, if I sold 6 March $10CCs at $1 and they got exercised, I believe the other 400 shares would be net free. Is that right?

GME is Trump's fault. I'm not a fan of the guy, but this is insanity...

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html

satexas said:

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Regarding $GME, there's a lot of chatter the hedge funds have not sold all their shorts on GameStop and this puppy could easily boom to 600 when that pops.

Unreal.

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I hope so. Seems to be hovering at 300.

satexas said:

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Regarding $GME, there's a lot of chatter the hedge funds have not sold all their shorts on GameStop and this puppy could easily boom to 600 when that pops.

Unreal.

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I mean, what is the incentive for the hedge funds to let the news/public know they have sold all their shorts?

Strategically the only reason you'd float that news is if you hadn't yet sold all your shorts and were hoping the holders would sell thinking the crash is imminent.

The longer this goes on the more frustrated I am about not being able to sell CCs on AMC through TDA. I don't get how they're able to do this.

UpstateAg said:

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GME is Trump's fault. I'm not a fan of the guy, but this is insanity...

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html

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Sounds like Trump doing more for the little man