cptthunder said:

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Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great

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Whoa, where was this?

Been trying to build one myself, but if there's a good one already out there, would be interested.

PearlJammin said:

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ClutchCityAg said:

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Just reloaded on UVXY calls that I had sold, this time went out to June.

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Is it a good strategy to put a lot of your cash towards UVXY to work as both a hedge and a way to increase your cash should the market dump? Getting in around $11 seems to be a good price to accumilate a bunch of shares if you have cash on hand.

Buying calls, although considered "insurance", eventually lose value should the market continue to climb. To me, it's much easier to manage.

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OA advised using about 2-3% of your account as hedges in the seminar if I recall correctly... I like using calls as hedges. OA said think of it like insurance, you pay it regularly and hope you never need to use it.

I buy 1-2 months out and if they slowly decay to zero then I don't mind because that means the market was green and I was making money on other plays. If there is a big dip I use the spike on the calls to go net free and roll my profits into new hedges further out.

ETA: Using shares could mean you don't lose on the decay, but the gains wouldn't be enough to offset whatever losses your portfolio has unless you have a large amount of the UVXY shares- in which case your gains are limited when the market is going up.

the premiums on SAVA calls...

wanderer said:

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cptthunder said:

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Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great

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You're welcome, glad it's working for you. It's nothing fancy, but does the job for me to keep a little bit of sanity in all the different positions.

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Yes this has been awesome for me. Thank you for sharing!

Challenger 17 said:

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I don't see a $32.5 call offered for 2/19 on TOS

ClutchCityAg said:

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PearlJammin said:

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ClutchCityAg said:

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Just reloaded on UVXY calls that I had sold, this time went out to June.

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Is it a good strategy to put a lot of your cash towards UVXY to work as both a hedge and a way to increase your cash should the market dump? Getting in around $11 seems to be a good price to accumilate a bunch of shares if you have cash on hand.

Buying calls, although considered "insurance", eventually lose value should the market continue to climb. To me, it's much easier to manage.

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OA advised using about 2-3% of your account as hedges in the seminar if I recall correctly... I like using calls as hedges. OA said think of it like insurance, you pay it regularly and hope you never need to use it.

I buy 1-2 months out and if they slowly decay to zero then I don't mind because that means the market was green and I was making money on other plays. If there is a big dip I use the spike on the calls to go net free and roll my profits into new hedges further out.

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Yes understood. I'm just wondering if putting that money towards shares instead of calls would be better since they retain their value. Just keep adding shares of UVXY each month you're up. You can also capture lower tax rates if you sell further out (provided you took advantage of a crash at that time).

Edit: You're right about needing more shares to offset losses. Would need >10% of portfolio hedged in shares I would think.

Andy07 said:

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Challenger 17 said:

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I don't see a $32.5 call offered for 2/19 on TOS

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I do.

wanderer said:

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cptthunder said:

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Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great

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You're welcome, glad it's working for you. It's nothing fancy, but does the job for me to keep a little bit of sanity in all the different positions.

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Nothing fancy is the only way i can make since of things. If i try and get cure with stuff it never fails to snowball out of control

Your sheet is alot cleaner then my notebook with who knows how many notes in the margin and scribbles

$30,000 Millionaire said:

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I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.

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Trying to understand the logic on buying the Feb $5 puts back. You just wanting to lock in the gains instead of risking the ticker tanking over the next 2 weeks?

PearlJammin said:

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ClutchCityAg said:

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PearlJammin said:

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ClutchCityAg said:

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Just reloaded on UVXY calls that I had sold, this time went out to June.

---

Is it a good strategy to put a lot of your cash towards UVXY to work as both a hedge and a way to increase your cash should the market dump? Getting in around $11 seems to be a good price to accumilate a bunch of shares if you have cash on hand.

Buying calls, although considered "insurance", eventually lose value should the market continue to climb. To me, it's much easier to manage.

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OA advised using about 2-3% of your account as hedges in the seminar if I recall correctly... I like using calls as hedges. OA said think of it like insurance, you pay it regularly and hope you never need to use it.

I buy 1-2 months out and if they slowly decay to zero then I don't mind because that means the market was green and I was making money on other plays. If there is a big dip I use the spike on the calls to go net free and roll my profits into new hedges further out.

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Yes understood. I'm just wondering if putting that money towards shares instead of calls would be better since they retain their value. Just keep adding shares of UVXY each month you're up. You can also capture lower tax rates if you sell further out (provided you took advantage of a crash at that time).

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It would depend on how you are sizing your positions I think, because the gains from shares on a dip in the market would be less than if you were holding calls. Maybe if you had a core hedge holding of shares but then supplemented it with calls that could give you the best of both worlds?

oldarmy1 said:

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TIGR headed for a daily cup. What a strong pattern that would be!

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Thanks for the call out, followed on $ZI and $TIGR, seems like I hopefully entered near the intraday lows for both.

leoj said:

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oldarmy1 said:

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TIGR headed for a daily cup. What a strong pattern that would be!

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Thanks for the call out, followed on $ZI and $TIGR, seems like I hopefully entered near the intraday lows for both.

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Same here. Both looking good so far. Thanks OA.

McInnis 03 said:

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Andy07 said:

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Challenger 17 said:

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I don't see a $32.5 call offered for 2/19 on TOS

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I do.

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Weird, I see them for 2/12 but not for 2/19

Want to draw yalls attention to CETY opened at .10 up to ,17 a share. Massive volume. The average volume is 730,000 it is at 16 million today.

wanderer said:

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$30,000 Millionaire said:

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I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.

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Trying to understand the logic on buying the Feb $5 puts back. You just wanting to lock in the gains instead of risking the ticker tanking over the next 2 weeks?

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WWR has a bullish pattern and I made a cost benefit analysis of grinding out the $0.25 remaining for Feb vs. the premium I can get for selling May right now. I believe it's in my favor.

Change your "Strikes" to "ALL"

Aggie118 said:

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Want to draw yalls attention to CETY opened at .10 up to ,17 a share. Massive volume. The average volume is 730,000 it is at 16 million today.

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That's all I need is another OTC in my basket.
..
..



Ok I'll throw 1K at it.

$30,000 Millionaire said:

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I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.

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I can't believe the May $5 are still that high after this run up. I sold the same. Great deal there.

oldarmy1 said:

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TIGR headed for a daily cup. What a strong pattern that would be!

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Come on TIGR!

Mr President Elect said:

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Change your "Strikes" to "ALL"

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Yup, still not there, no big deal I just don't understand why

Drillbit4 said:

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$30,000 Millionaire said:

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I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.

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I can't believe the May $5 are still that high after this run up. I sold the same. Great deal there.

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First option trade here.

If I sell to open puts, I'm in at this price like you guys are saying, correct?

And as long as it stays above $5 I'm pocketing the premium, if it goes below I have to buy, correct?

AG 2000' said:

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Drillbit4 said:

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$30,000 Millionaire said:

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I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.

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I can't believe the May $5 are still that high after this run up. I sold the same. Great deal there.

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First option trade here.

If I sell to open puts, I'm in at this price like you guys are saying, correct?

And as long as it stays above $5 I'm pocketing the premium, if it goes below I have to buy, correct?

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Correct.

Have to is only if the put buyer assigns them or 'makes' you take them. If they are at or below $5 I would count on it.