This dip can end at any time
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
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.
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.
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.
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 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
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?
gigemJTH12 said:
F it I am buying SNDL here
jumped in.Engine10 said:
McInnis call on TAZ (3x inverse Russell/Small cap index) lookin sharp. Gotta be up 15-20% since you posted!
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?
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!
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!