isnt that the same news from the other day on SNDL?
Stock Markets
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Last: 1 min ago by Heineken-Ashi
AMPE may be good back to $3.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I just got some as well...thanks for the tipPearlJammin said:
UVXY
This hedge ETF is about the lowest it's ever been since inception at $10.30
Loading up here.
I don't see a new offering. Just that the other one is now closed.
What is the next "pop" range you holders are looking for to sell CC's?sts7049 said:
isnt that the same news from the other day on SNDL?
Anyone in the XL Feb 19 30 calls? Trying to decide whether or not to cut bait or watch the decay really start to eat away.
Good eye! Read too fast and didn't pick up the "closing" versus a new offering.
Wish I had more shares. I have been selling covered calls on the rips and buying them back on the dips for the last month and the premiums have stayted juiced.$30,000 Millionaire said:
$FUBO 02/12 70C going for $2.15. I am fine being exercised at those prices.
i already have calls on half my shares, i don't plan on selling more unless the premiums really get good
$30,000 Millionaire said:
LAZR
Would look good over $33? Maybe play the Mar $40 calls?
If we get a quick rise into $1.30 the premiums will move pretty quick. But if a slow melt up they wont very much. On a quick rise 1.30 will be a resistance level and if/once it hits there and tops you'll lose cents off the option pretty quick.Coachbro20 said:What is the next "pop" range you holders are looking for to sell CC's?sts7049 said:
isnt that the same news from the other day on SNDL?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Trying to understand this (appreciate your response, BTW). If I held these shares at $10 over 6 months and the price of the ETF remained at $10, I would still have my original investment, correct? However, if the market corrects over the next couple of months then those shares would increase in value based on historical action. Yes, I'm 5 years old....Bob Knights Liver said:PearlJammin said:
UVXY
This hedge ETF is about the lowest it's ever been since inception at $10.30
Loading up here.
It decays, so if the VIX does anything but go up, UVXY will go down. Not discouraging you from hedging or playing the downside but wanted to make sure you understood these inverse or leveraged ETSs decay.
Was looking at SAVA model T to $92. Had an order for an $80 call at $13 ready to go and got distracted. It's $18 now.
Coachbro20 said:I just got some as well...thanks for the tipPearlJammin said:
UVXY
This hedge ETF is about the lowest it's ever been since inception at $10.30
Loading up here.
I am trimming some profits today and trying to learn the hedge game too. When I got to place the UVXY trade, it warns that it is not recommended to hold overnight. I get why, so I assume we just ignore the warning and let it run a bit?
OK. lesson learned. go net free when you get it. Still up quite a bit but...2percent said:
i am sorry but i just have to break to net free rule on SAVA. i want all the shares i can get my grubby little hands on. The seeking alpha article had me at "$1,200 a share."
Does AAPL have one more run in it?
I don't think it's a bad place to hedge, but just know the fact that it is 3x leveraged means that time decay will eat away at it over time.
https://www.investopedia.com/articles/financial-advisors/082515/why-leveraged-etfs-are-not-longterm-bet.asp
https://www.investopedia.com/articles/financial-advisors/082515/why-leveraged-etfs-are-not-longterm-bet.asp
Are these covered calls?RGRAg1/75 said:
Anyone in the XL Feb 19 30 calls? Trying to decide whether or not to cut bait or watch the decay really start to eat away.
If so, what's the strategy on selling off versus holding? You mentioned decay, can you explain?
Not CCs. Should have been more specific.AG 2000' said:Are these covered calls?RGRAg1/75 said:
Anyone in the XL Feb 19 30 calls? Trying to decide whether or not to cut bait or watch the decay really start to eat away.
If so, what's the strategy on selling off versus holding? You mentioned decay, can you explain?
backintexas2013 said:
Does AAPL have one more run in it?
Thanks - I just started a watchlist of 3D printing stocks. They've had a good run up lately so may wait for a pull back.
PearlJammin said:Trying to understand this (appreciate your response, BTW). If I held these shares at $10 over 6 months and the price of the ETF remained at $10, I would still have my original investment, correct? However, if the market corrects over the next couple of months then those shares would increase in value based on historical action. Yes, I'm 5 years old....Bob Knights Liver said:PearlJammin said:
UVXY
This hedge ETF is about the lowest it's ever been since inception at $10.30
Loading up here.
It decays, so if the VIX does anything but go up, UVXY will go down. Not discouraging you from hedging or playing the downside but wanted to make sure you understood these inverse or leveraged ETSs decay.
VIX is trading market volatility. UVXY is a decaying inverse of VIX. If you hold UVXY long term you will lose money, it is for swing trade use only.
Orlando Ayala Cant Read
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AG
C'mon please tell me some of you were in on ENKS with me? Pretty please!!
Anybody looking at buying back EXPR covered calls on this current dip?
How long is long term?
Sorry. I can be an idiot sometimes. I admit it
I'd advise against using leveraged products all together. Why they aren't for institutional use only is beyond me.
FbgTxAg said:
I absolutely love this thread.
It's like a gameday thread and a stock market class all in one.
Same... so enjoyable to follow!
EDIT... wrong emoticon
I don't think I will. I have Feb $4, $5 and $6. If the price gets that high, they can have them.Goldie Wilson said:
Anybody looking at buying back EXPR covered calls on this current dip?
Mostly Foggy Recollection
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It's not a buy and hold ETF that many older generations love.
It's something you buy when markets are at or near tops, and when there are corrections, your plans are to sell and buy back lower.
I buy shares and then sell the hell out of premium on it so I'm usually in UVXY, but I'm always lowering my cost basis. Last swing (50% from 10 to 15) my cost basis was 8.30 because of selling puts and calls over a long range.
If you don't plan on selling premium, this isn't a bad time to buy it, but understand you may be upside down through the rest of Q1 if we don't have a healthy correction but it won't be a ton. You could always average down.
It's something you buy when markets are at or near tops, and when there are corrections, your plans are to sell and buy back lower.
I buy shares and then sell the hell out of premium on it so I'm usually in UVXY, but I'm always lowering my cost basis. Last swing (50% from 10 to 15) my cost basis was 8.30 because of selling puts and calls over a long range.
If you don't plan on selling premium, this isn't a bad time to buy it, but understand you may be upside down through the rest of Q1 if we don't have a healthy correction but it won't be a ton. You could always average down.
I put a little on it with you as you seem to hit these.. Not much but at least now I can can buy a nice dinner with the Mrs.. #SHBMOrlando Ayala Cant Read said:
C'mon please tell me some of you were in on ENKS with me? Pretty please!!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Mostly Foggy Recollection said:
It's not a buy and hold ETF that many older generations love.
It's something you buy when markets are at or near tops, and when there are corrections, your plans are to sell and buy back lower.
I buy shares and then sell the hell out of premium on it so I'm usually in UVXY, but I'm always lowering my cost basis. Last swing (50% from 10 to 15) my cost basis was 8.30 because of selling puts and calls over a long range.
If you don't plan on selling premium, this isn't a bad time to buy it, but understand you may be upside down through the rest of Q1 if we don't have a healthy correction but it won't be a ton. You could always average down.
Thanks. I'm in at $10.40 ish.
$VERU ROCKET!
Bob Knights Paper Hands
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2percent said:OK. lesson learned. go net free when you get it. Still up quite a bit but...2percent said:
i am sorry but i just have to break to net free rule on SAVA. i want all the shares i can get my grubby little hands on. The seeking alpha article had me at "$1,200 a share."
There are times when you might choose not to go net free. Maybe you are really confident that it's low risk to hit a higher price target or maybe you have such a small investment in it that you want to keep risk on. Going net free for a lot of these trades is really helpful.
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