No worries! Worst case if it gets called out is a very small portion of my total ownership at a significant profit. Just dipping a pinky toe in...not diving into the deep end yet!
Aggies75455 said:
Zack Morris on twitter pumping Fubo. Welcome to the new age of trading where now we know that stock should have a green Monday.
MEag02 said:
Okay I'm doing it! I was so intimidated before with the lingo and mechanics of options, but OA's seminar has given me the confidence to finally dip my toes in. Spent today gaming out different scenarios with a stock I have seen huge gains from ($SENS) based on the wisdom I gained following this thread for 2 years. I have yet to go net free on this, but I believe in the long term prospects of the company (lot of first hand experience in this industry), and I want to hold as many shares as I can. Finally understand how covered calls can get me to my goals with very little risk! Thanks OA!!!!!!
I would probably roll them out and up.Colt98 said:
What would you guys do with this( my dads acct). Bought FUBO at 28. Sold feb 15 40 for 3.65. Now CC are 10. With the possibility of FUBO to go to moon. If he does nothing he will make a little over 70% if called out. Or buy back calls costing him $6.35 and wait until it blows up. Or sell Mar $60 for $9??
This will be their end. Liquidity problem.tv1113 said:
I am in AMD and CLOV heavily and Robinhood blocking purchasing of that now too. This is ridiculous
tv1113 said:
I am in AMD and CLOV heavily and Robinhood blocking purchasing of that now too. This is ridiculous
Is yours the Texas 42 app?Philip J Fry said:
Lol. Sorry. I really have meant to focus on it more this past year. Apple is forcing me to do a wholesale rewrite to get it compatible with Metal. It's ultimately going to require me to redo it in C++, which isn't horrible because now I can actually make android and iOS compatible with multiplayer. It's just a **** ton of work and I'm too old to learn new languages.
CrazyRichAggie said:tv1113 said:
I am in AMD and CLOV heavily and Robinhood blocking purchasing of that now too. This is ridiculous
Why are they blocking those?
All questions are welcome here and everyone wants everyone to make money, so don't be shy.DisAg said:
I'm still trying to wrap my head around the trading language. I have had a quick three day Google fu session to learn a small part of it, but some of the posts I may as well be reading San script (I am just not there yet).
I recently went in on AMC at 9.5 @ 760 shares knowing full well this was a meme stock, but if it gets from point A to point B who cares if it is a meme.
So far even if I was to sell off those shares as of Friday I would have made a good return. I have stayed in because from what information I could gather a lot of analyst thinks there are big bets on the stock hitting 40.
While I know the only rational explanation for the stock that should be worthless and was on the brink of bankruptcy to now having a positive outlook because of debt being converted to stock and more capital injections is because of a populist movement based on emotion and not rational thinking.
I am wondering IF I turn a nice profit off of this movement I am interested in rational trading based off of good research and being able to read the market or stock itself. Basically what I am asking is where should I start?
Quick note: I took a very small percentage of my liquidity that is basically doing nothing to risk investing in the AMC Reddit wave. I am not a WSB yolo trader. I have a wife and two kids to worry about, and I am back in college finishing my degree since being laid off from this covid pandemic. I am just tired of my money sitting in a savings account doing nothing. I would like to put some of it to work. Keep in mind I have Roth's, and rollovers IRA too for retirement. I am just strictly speaking to my cash on hand.
Apologies in advance if this post comes off dumb, I rarely post on forums where I am ignorant on the topic and have my hat in hand asking for advice.
It's gonna drop a lot. Let it fall and grab it at the bottom.Aggie118 said:
Anyone going to throw a few bucks at DOGE with the dip as their lotto pick?
DisAg said:
I'm still trying to wrap my head around the trading language. I have had a quick three day Google fu session to learn a small part of it, but some of the posts I may as well be reading San script (I am just not there yet).
I recently went in on AMC at 9.5 @ 760 shares knowing full well this was a meme stock, but if it gets from point A to point B who cares if it is a meme.
So far even if I was to sell off those shares as of Friday I would have made a good return. I have stayed in because from what information I could gather a lot of analyst thinks there are big bets on the stock hitting 40.
While I know the only rational explanation for the stock that should be worthless and was on the brink of bankruptcy to now having a positive outlook because of debt being converted to stock and more capital injections is because of a populist movement based on emotion and not rational thinking.
I am wondering IF I turn a nice profit off of this movement I am interested in rational trading based off of good research and being able to read the market or stock itself. Basically what I am asking is where should I start?
Quick note: I took a very small percentage of my liquidity that is basically doing nothing to risk investing in the AMC Reddit wave. I am not a WSB yolo trader. I have a wife and two kids to worry about, and I am back in college finishing my degree since being laid off from this covid pandemic. I am just tired of my money sitting in a savings account doing nothing. I would like to put some of it to work. Keep in mind I have Roth's, and rollovers IRA too for retirement. I am just strictly speaking to my cash on hand.
Apologies in advance if this post comes off dumb, I rarely post on forums where I am ignorant on the topic and have my hat in hand asking for advice.
So... I'd like to talk through my own experience with EXPR to see if I follow.$30,000 Millionaire said:Bob Knights Liver said:Colt98 said:
So with spy starting to break. I guess we are going to start looking for down side plays?? Question. I have spy puts and vix calls. Sold some to go net free on them Friday. I wish I had more hedge than I do. Should I look for shorter time hedge on Monday? Looks like we will see low 360's this next week.
Oh and I was only able to get to 20% cash this week. Most money in MA stocks withCC which I did buy back some of these this week. With surgery on Friday I wasn't able to do much.
Good question. For those of you with more experience playing downside (Irish, Clay, Daniel, $30k, and of course OA) what is your general thought here? Are we guessing too much and we need to wait to see which way the market moves and then jump on that side and watch closely for reversals? If someone is looking for less active trading on this market what are your thoughts? Is it sit out if you don't have the time to watch closely? Last question - would you sell off recent acquisition shares that you still like long term, like MGNI, MBIO, and FUBO, or even long-term holdings if this creates large taxable events? Or do you hold tight on those still? I've taken decent losses the last two days even after pairing back quite a bit. I'm not sure if I should sell more or if I'd be selling at the bottom and owing tax losses. In short - am I doing this right?
Couple quick thoughts.
1) shorting is really f'ing hard.
2) people panic at downward pride movement and so the moves tend to be extreme
3) there is always a bull market somewhere. Metals, crypto, forex, etc.
4) OTM wide butterflies are a cheap way to hedge with a 10:1 reward to risk ratio. Realistically you can hope for 300%. Still good
5) you can use collars to protect what you have. Sell covered calls and use the premium to buy puts.
6) I don't think this is the big dump. I think that starts in Q3. It will be a long, slow grind down. Do not be surprised if we end the year at 3500 or less. I'm not in the bear heaven <2000 camp.
7) watch 3680 and 3730. If 3680 has a close below it, we are going to 3600 or lower. It is possible to go to 3900 if we get above 3730. Once we get to 3900, be prepared for a grind down.
CrazyRichAggie said:tv1113 said:
I am in AMD and CLOV heavily and Robinhood blocking purchasing of that now too. This is ridiculous
Why are they blocking those?
Since I deleted my Twitter, I just view tweets in the browser. OA's reply was at the very bottom and hidden behind the button that said,FJ43 said:
Is this one of 'their' next targets? Read the responses including OA's.
how do I buy it?Aggie118 said:
Anyone going to throw a few bucks at DOGE with the dip as their lotto pick?