LatinAggie1997 said:

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BobaFettsClone said:

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oldarmy1 said:

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ClutchCityAg said:

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BobaFettsClone said:

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trip98 said:

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SPY put advice...
per OA1 reco the other day I bought SPY March $335 Put at $3.50. It's now $610.

Long time out till March and as we've seen plenty of craziness. Do I:
1) let it ride
2) sell it, capture profit and the invest proceeds in another Put
3) if I sell and re-buy new Put, which one should I target? Same expiry date but around $315 strike and keep it around my initial $350 cost or go with the $300 which uses all profit?

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Very new here, just started watching thread yesterday and brand new to trading. Where are you following OA1? His (?) name keeps popping up and it sounds like he's doing y'all some serious good.

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here and twitter @oldarmy1

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They closed prints after hours at $7.25

The gap down start to the day shows intent to sell. I closed out the last buy of those at the open, along with the $383 expiring Put and then when we pressed above 3800 we hit a double top. I screen shot that for the seminar because I went back in off seeing that and added an expiring $374 on that and closed it after hours. I did think about converting it to a short but with AAPL and FB expected to beat I sold it and resold the re-entry buys on the March $335's for $6.65. Between two trades on the March $335's and the kicker $383 put from after hours yesterday and the $374 I am now beyond net free on the remaining March $335's. I'll wait to see what happens in the morning. If we start green I'd probably buy a Friday expiring Put $2 below market price.

As far as selling out the $335's and repositioning. Since we have a selloff in action you can wait to see if continuation and buy a closer to the money cheaper put, closing out the $335's and using a fraction of the profit to hedge in case this becomes a multi-day rip event.

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May as well be speaking Greek.

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I said the same thing about a different post and he and others were kind enough to explain it again to me in Mandarin ....I just don't have the acumen especially in options (calls, shorts, puts, etc.).

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Mostly Foggy Recollection said:

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My shorts on GME and AMC

Hell yes!

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AgEE10 said:

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everything is clear now

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Challenger 17 said:

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They mad a bunch millennial neckbeards are costing them millions.

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Mostly Foggy Recollection said:

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ADD generation won't last long.

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ehrmantraut said:

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Apple does $100Billion in one quarter and the stock tanks. AMC earns absolutely nothing and burns through millions of cash per day just to stay afloat and they jump 300% in one day. Not your grandfathers market.

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