AG 2000' said:

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FJ43 said:

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$30,000 Millionaire said:

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I sold WWR 12.5 CC on all my remaining shares, Feb expiration. I got $0.48, feels like free money.

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Too funny I did the same thing probably about the same time. Just kept 25% back.

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Sell to open or close if you're wanting to do covered calls?

Thanks in advance.

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Yep. Click on the Bid price of the call, adjust the price if you want and the Quantity of contracts (will be a negative number) and hit send.

irish pete ag06 said:

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ClutchCityAg said:

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Checking in on UXIN.. all of those MAs seem to be converging, is this a bullish indicator?

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What program is this? IBKR?

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yes

ehrmantraut said:

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oldarmy1 said:

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FTCH breaking out of a strong trend base. $70 a near certainty for Feb 19 calls.

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For new entry's? What about the $75's for $1.75?

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Need a strong run to match the ROI from the $70's. I think it pays out $4.50+

ClutchCityAg said:

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Checking in on UXIN.. all of those MAs seem to be converging, is this a bullish indicator?

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Ideally to close above $1.24 but the 8, 21 & 50 are all bunched up now. Will pick a direction but I think this will go.

McInnis 03 said:

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cptthunder said:

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McInnis 03 said:

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QS has the makings of it's reversal. I'm in 3/19 60/70/80 butterflies. They were dirt cheap, like $.55 each

There has been pretty significant flow on it that I think cheddar folks could back up?

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been trying to do more research and test these options and i could be debited the $.55 corrrect?

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on an evenly spaced butterfly that you go long on, yes, you pay to purchase the fly (in this case $.55 x 100) and you would own a 60c and an 80C (both otm on this). You would sell two 70c's and be short those two.

You paid $.55 to enter this transaction and your best hope is for the stock to be at $70 on expiry day, you'd make $10. BUT, if you're inside the wings (> $60 or <$80) you stand to profit, and sometimes very handsomely.

You're protected from assignment in that if for some reason the stock runs to 75 or even 90, and the 70c's you're short get called out......you would exercise your 60c and 80c to cancel it out. (70x2 = 140, 60+80=140)

I have not yet been exercised on my short calls on a fly and I never hold to expiry. I close it prior to expiration. My goal with these is 3x-5x gains or better.

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Really appreciate it
Im gonna paper trade a few of these before jumping in and getting myself in some sort of pickle im not thinking of

$NIO on a nice run today!

Technical analysis question on AAPL daily chart:

Would it be fair to identify $138/$139 as a significant resistance level based on the past few months? We had a high of $137.98 on Sept 9 and didn't touch that high again until $138.79 on Dec 29. I know we had highs in the mid $140s last week for a few days, but then we dropped back down pretty hard.

Does that count as a rejection of that level, or was that just the broader market dragging AAPL back down with it?

Can a "rejection" of a price level occur over a few days, or is that usually an intraday thing?

TIA

Happy birthday clutch!

So I accidentally made a limit sell on my KIQ shares yesterday at $.79 for a loss. I was trying to set a stop and when I changed the time of the order from day to GTC, it switched the order to a limit. Is it worth the risk of the Wash Sale to get back in or am I just SOL?

I've done this before. Big "doh" moment for sure.

$ONTX

Are we going to make it to $1? Not much resistance on the chart is appears.

fightintxag13 said:

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So I accidentally made a limit sell on my KIQ shares yesterday at $.79 for a loss. I was trying to set a stop and when I changed the time of the order from day to GTC, it switched the order to a limit. Is it worth the risk of the Wash Sale to get back in or am I just SOL?

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I think most of us are in around $1.

oldarmy1 said:

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I tweeted exiting all ZI. It hit the target so everyone should be out that wanted out.

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Out and happy. Now THAT'S how every trade should go!

FJ43 said:

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AG 2000' said:

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FJ43 said:

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$30,000 Millionaire said:

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I sold WWR 12.5 CC on all my remaining shares, Feb expiration. I got $0.48, feels like free money.

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Too funny I did the same thing probably about the same time. Just kept 25% back.

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Sell to open or close if you're wanting to do covered calls?

Thanks in advance.

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Yep. Click on the Bid price of the call, adjust the price if you want and the Quantity of contracts (will be a negative number) and hit send.

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Thank you. Question though - using active trader pro, the quantity was positive, not negative.

McInnis 03 said:

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cptthunder said:

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McInnis 03 said:

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QS has the makings of it's reversal. I'm in 3/19 60/70/80 butterflies. They were dirt cheap, like $.55 each

There has been pretty significant flow on it that I think cheddar folks could back up?

---

been trying to do more research and test these options and i could be debited the $.55 corrrect?

---

on an evenly spaced butterfly that you go long on, yes, you pay to purchase the fly (in this case $.55 x 100) and you would own a 60c and an 80C (both otm on this). You would sell two 70c's and be short those two.

You paid $.55 to enter this transaction and your best hope is for the stock to be at $70 on expiry day, you'd make $10. BUT, if you're inside the wings (> $60 or <$80) you stand to profit, and sometimes very handsomely.

You're protected from assignment in that if for some reason the stock runs to 75 or even 90, and the 70c's you're short get called out......you would exercise your 60c and 80c to cancel it out. (70x2 = 140, 60+80=140)

I have not yet been exercised on my short calls on a fly and I never hold to expiry. I close it prior to expiration. My goal with these is 3x-5x gains or better.

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So on these, for example, you're looking to close out at 1.65 - 2.75 before expiration?

fightintxag13 said:

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So I accidentally made a limit sell on my KIQ shares yesterday at $.79 for a loss. I was trying to set a stop and when I changed the time of the order from day to GTC, it switched the order to a limit. Is it worth the risk of the Wash Sale to get back in or am I just SOL?

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Wash sales aren't bad, it just means that the initial loss can't be claimed for tax purposes.

FJ43 said:

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The worst part of my dashboard is UVXY....but that's a good thing.

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Good time to look at some 3/19 calls?

PearlJammin said:

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fightintxag13 said:

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So I accidentally made a limit sell on my KIQ shares yesterday at $.79 for a loss. I was trying to set a stop and when I changed the time of the order from day to GTC, it switched the order to a limit. Is it worth the risk of the Wash Sale to get back in or am I just SOL?

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I think most of us are in around $1.

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Yeah my cost basis was $.94. I'm trying to gauge the board's conviction on this trade. If we feel good enough about it, I feel like buying the shares back and taking the risk that it may not work out and have to eat a deferred loss. If it works out the way most think it will though, the wash sale will just reclassed as a resale and there's no harm, no foul.

Question for Active Trader Pro folks.

Can you explain price change / G/L on options?

I sold two WWR covered calls at 1.48. It's showing current price 1.45, with a change of -0.15, and a gain/loss of -23.40. Where the heck they getting those numbers from?

When you do this, do you have to close out each position separately, or do you have the option to close out all at once as long as it meets your total price? If the second option, which broker do you use? TDA?

I know most everyone is out, but huge $TIGR volume just hit

leoj said:

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I know most everyone is out, but huge $TIGR volume just hit

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Why do you do something like this to us?

Also this is interesting. There's zero open interest on it though.

I know RKT is a 4 letter word here, but might be a good play if it wonders close $20 support ahead of Feb 25 earnings. It's also peripheral short squeeze play with reddit retail. Maybe ladder into some March calls.

StrawberryFields said:

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McInnis 03 said:

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cptthunder said:

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McInnis 03 said:

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QS has the makings of it's reversal. I'm in 3/19 60/70/80 butterflies. They were dirt cheap, like $.55 each

There has been pretty significant flow on it that I think cheddar folks could back up?

---

been trying to do more research and test these options and i could be debited the $.55 corrrect?

---

on an evenly spaced butterfly that you go long on, yes, you pay to purchase the fly (in this case $.55 x 100) and you would own a 60c and an 80C (both otm on this). You would sell two 70c's and be short those two.

You paid $.55 to enter this transaction and your best hope is for the stock to be at $70 on expiry day, you'd make $10. BUT, if you're inside the wings (> $60 or <$80) you stand to profit, and sometimes very handsomely.

You're protected from assignment in that if for some reason the stock runs to 75 or even 90, and the 70c's you're short get called out......you would exercise your 60c and 80c to cancel it out. (70x2 = 140, 60+80=140)

I have not yet been exercised on my short calls on a fly and I never hold to expiry. I close it prior to expiration. My goal with these is 3x-5x gains or better.

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So on these, for example, you're looking to close out at 1.65 - 2.75 before expiration?

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I babysit my butterflies. If the trade continues to work in my direction I let it run.

gigemJTH12 said:

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this makes be want to quadruple down

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What are current calls on this? I'm in a 145c Feb 19

gigemJTH12 said:

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this makes be want to quadruple down

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add this one from earlier... not quite there yet...

$ENG model T questions
If I look at the 5 day chart for ENG I get a high of 7.80 and low of 6.50 so model T would be 7.15. It seems to be in sideways chop below that level the last few days.
If I look at the 2 day chart for ENG get model T of 6.92.. It's hovering right above that.

Need help interpreting and checking if I did it right. To me these Model T moves would mean it's sliding down and we should expect that to continue. HOWEVER, if you look at it longer term such as 10 days or so it appears to be consolidating and then its a guess if its going to fire up or down.

any thoughts?

Aggie1391 said:

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When you do this, do you have to close out each position separately, or do you have the option to close out all at once as long as it meets your total price? If the second option, which broker do you use? TDA?

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In think or swim you can close the entire 4 leg butterfly in one transaction

UWMC