This dip can end at any time
Stock Markets
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Last: 2 hrs ago by Brewmaster
DO NOT CAP YOUR HEDGES IF TEHY'RE OPEN ENDED. I learned this the hardway a while back.Engine10 said:CPDAggie10 said:Do you take any profits right now?Mostly Foggy Recollection said:
Hedges and volatility printing money right now
I'm not pulling off any hedges, SPY at 50 day average right now. Breakdown and could see more pain. Insurance is insurance.
Ags2013 said:
This dip can end at any time
Won't be today
Gotcha, yeah I definitely believe in WWR long term, and sold puts to take my initial position. I've flipped covered calls a half dozen times on that set to get my cost basis below 4$.jj9000 said:Not laughing...but it was ironically the exact response you suggested on me buying WWR.khaos288 said:I don't get the laughing face? I did sell some puts on WWR just now. Not going to change the strategy because of one bad week of meme-pocalypse.jj9000 said:Sell some puts.khaos288 said:
despite being very conservatively invested, I would still count this week as my account blowing up.
Yikes beyond yikes.
That's what made it kinda funny.
I got your back...bud.
If I end up with 500 more shares next month, I'll be happy.
That CLOV $14 support <3
$GILD. Holding up pleasantly all things considered.
I'm not buying here, just watching.
You can sell WWR $5 May puts for $1.55. Odds are they will expire worthless, so you're just booking premium here, and if they don't you're in for $3.45.
sold for 1.7. i have some 5p for mar also. moving a bunch to cash so why notAgEng06 said:
You can sell WWR $5 May puts for $1.55. Odds are they will expire worthless, so you're just booking premium here, and if they don't you're in for $3.45.
yeah. had a bunch of limit buys set and forgot about them. So yeah I ended up buying here.McInnis 03 said:
I'm not buying here, just watching.
That 11:45 dip was one of the few times I've seen the meme stocks drop hard in harmony with the macros
Cancelled a bunch of dip buy preset orders I had. Will watch as I think there will be flashes down. If I miss it then so be it.
Edit: But I did take a swing here on AAPL Feb 140s.
Edit: But I did take a swing here on AAPL Feb 140s.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I started with $7k in my IRA, which at one point was up to 17K before all of this, now I'm down to $15k. Should I pull most of my stock to hold on to the cash and ride it out?
How would you play this out?
How would you play this out?
Not everyone gets the same version of me. One person might tell you I have an amazing beautiful soul. Another might tell you I’m a cold-hearted a$$^ole. Believe them both. I don’t treat people badly. I treat them accordingly - unknown
$AAPL
Price trying to move above the 50 DA. Tricksy move?
Price trying to move above the 50 DA. Tricksy move?
Good call and heads up. Just sold them for $1,70.AgEng06 said:
You can sell WWR $5 May puts for $1.55. Odds are they will expire worthless, so you're just booking premium here, and if they don't you're in for $3.45.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
F it I am buying SNDL here
chaca5151 said:
I started with $7k in my IRA, which at one point was up to 17K before all of this, now I'm down to $15k. Should I pull most of my stock to hold on to the cash and ride it out?
How would you play this out?
I've played defense w/big gainers using covered calls and protective puts, but those are shares I don't plan on moving for a long time.
What kinda bourbon is everyone pouring?
I've made some good premiums the last two days selling $12.50 Feb puts. I don't mind owning it if I have to at that price as I'll just make covered calls until I sell it. But right now, I'm just scooping premiums.Ags2013 said:
That CLOV $14 support <3
we just need Powell and Yellen to say they'll bail out Melvin and then on to 3900.
Impossible to say what's going to happen. It's a volatile time. I cashed out around New Years because I was concerned. But at this time in life I have a very low tolerance for risk. You have to decide for yourself the degree to which you perceive and can accept risk.
Edit - when I say I cashed out - I sold the positions but left the cash in the 401ks.
Edit - when I say I cashed out - I sold the positions but left the cash in the 401ks.
It's gonna be a rare reserve single barrel or Kentucky Deluxe... depending on how these next few hours goes...tsuag10 said:
What kinda bourbon is everyone pouring?
the kind that keeps scalping UVXY
gigemJTH12 said:
F it I am buying SNDL here
I bought earlier and on the pop was able to sell Feb 5 1.00 covered calls for .26. I will gladly part with my shares for a $1 next Friday.
Buy more AMC, EXPR, and NAKD
I kid, I kid.
I kid, I kid.
This kid did better than a lot of us tend to. Haha.
https://www.google.com/amp/s/www.chron.com/news/amp/San-Antonio-10-year-old-cashes-in-GameStop-stocks-15906752.php
https://www.google.com/amp/s/www.chron.com/news/amp/San-Antonio-10-year-old-cashes-in-GameStop-stocks-15906752.php
McInnis call on TAZ (3x inverse Russell/Small cap index) lookin sharp. Gotta be up 15-20% since you posted!
jumped in.Engine10 said:
McInnis call on TAZ (3x inverse Russell/Small cap index) lookin sharp. Gotta be up 15-20% since you posted!
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FbgTxAg said:
Just executed my first option trade.
I think AAPL pops next week, so I bought (5) Feb 5 138c for 1.63. I spent a little over 800.
If AAPL doesn't make it to 138 by Friday close, I lost 800.
If AAPL does make it to 138 or over, I can redeem those calls for 500 shares @ 138 as long as I do so by close Feb 5.
Have I got that right? If so, how do you go about redeeming them?
You want to "exercise" your calls. Tell us what brokerage/platform you're on if you need help finding it. Or just sell the calls when you decide you've made (or lost) enough money on them (anytime between now and expiration), or get real fancy and try and call the top before it gets there and sell higher strike calls against them to harvest premium and create a spread
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SPY 368 to 364 could be a slow trudge, but market dynamics are such that it could move through this range next week and then on to 358, JMO.
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AgShaun00 said:jumped in.Engine10 said:
McInnis call on TAZ (3x inverse Russell/Small cap index) lookin sharp. Gotta be up 15-20% since you posted!
I'm gonna call bottom here :p
Perfect!Decay said:It's gonna be a rare reserve single barrel or Kentucky Deluxe... depending on how these next few hours goes...tsuag10 said:
What kinda bourbon is everyone pouring?
My cost to enter was .79, it's .95 now. I went small, my overall hedge is holding the account up well. SPY 350p fo Mar, UVXY shares, TZA 6C March, QQQ put fly March pinned at 300-15 wide, VIX 30c MarchEngine10 said:
McInnis call on TAZ (3x inverse Russell/Small cap index) lookin sharp. Gotta be up 15-20% since you posted!
Bought the dip on WWR.
Hope it was the dip.
Hope it was the dip.
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