No, this is a good time to buy (really anything under 138, IMO).

AAPL has a lot of upside here. Don't crunch pennies right here.

agdaddy04 said:

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FbgTxAg said:

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The VIXs going green y'all....

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So this means market about to turn red?

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Correct

agdaddy04 said:

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What are people seeing with SAVA? Fallen quite a bit from its peak.

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I'm more than net free, but it's going to drift back down. To what, not sure.

But they don't start up phase 3 until Q2, and that will last I'm not sure how long (end of year? spring?)

Won't see a huge boom on price again until after phase 3. Of if they get bought out.

David_Puddy said:

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Might be a dumb question, so please forgive me if so but I've never really done any options trading before.

So I bought in on CCIV after doing some DD and reading some correlations with executives on this potential LUCID merger. My entry price was $15.30. It's now sitting at over $34 right now and if this merger does go through it should make a nice move from there. What is my best strategy to hedge some of it? Sell a portion? Put options?

I understand the risk of investing in a SPAC, and I know that if this deal doesn't go through this stock will plummet. I've got a stop loss set at $27 but if they make an announcement that it's off the table during non market hours, that isn't going to matter (since I don't have the capability of trading after hours or during pre market). Any helpful advice/suggestions would be much appreciated.

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Anybody? I just got approved for after market trading so I've decided to keep my stop loss on during market hours and have a price alert set a few dollars above my stop loss in case any bad news breaks after hours so I can quickly sell,

GILD moving up. I might be able to do something with my 2/19 $70 calls

For many of us starting out, have to get comfortable with a limited playbook as you learn with a few grand. It makes the options game a little more difficult unless you are focusing on ~$1-2/share positions or willing to place a large % of your capital on individual trades.

I love using covered calls to work into a net free position, but if you get over $4-5/share, you're using half of your capital to buy 200 shares then sell CCs on half of them.

I followed this thread for 6 months paper trading before I started using real dollars..........unfortunately. lol

Profit is not profit when you're paper trading, but learned alot.

That's why paper trading on TDA might not be a bad route. At least to get used to it before your account gets large enough.

Agreed.

Nothing wrong with that either. I know it hurts missing the booked gains in your account, but it's better than jumping in and getting burned.

Yep, I use both on TOS. On my cash account I'm mainly buying shares, or holding 1-2 option positions that are fairly straightforward and simple. I use paper money to learn more about the mechanics around leveraging calls and puts to protect my position.

I have to take the emotion out of FOMO. So many great ideas on this forum that are out of reach as I learn, simply because I haven't committed enough capital while I am educating myself. But running those on paper shows me what could be.

David_Puddy said:

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David_Puddy said:

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Might be a dumb question, so please forgive me if so but I've never really done any options trading before.

So I bought in on CCIV after doing some DD and reading some correlations with executives on this potential LUCID merger. My entry price was $15.30. It's now sitting at over $34 right now and if this merger does go through it should make a nice move from there. What is my best strategy to hedge some of it? Sell a portion? Put options?

I understand the risk of investing in a SPAC, and I know that if this deal doesn't go through this stock will plummet. I've got a stop loss set at $27 but if they make an announcement that it's off the table during non market hours, that isn't going to matter (since I don't have the capability of trading after hours or during pre market). Any helpful advice/suggestions would be much appreciated.

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Anybody? I just got approved for after market trading so I've decided to keep my stop loss on during market hours and have a price alert set a few dollars above my stop loss in case any bad news breaks after hours so I can quickly sell,

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After hours can often take large swings and flashes down but only to go back up. If you can react to alerts that is better but still have a mental stop you tap out.

That being said if you are playing rumor of merger and that is built into this run up and doesn't happen that can be risky. Maybe go net free here on half your shares. Just a thought anyway.

$30,000 Millionaire said:

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we're back to prices not seen since 11 AM.

On a serious note, this is hardly a VIX spike. Of course it could sell off into the close and we could lose 5%, but I see no evidence it will.

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VXX has been rolling r/g all day, better liquidate!

REI?

Mostly Foggy Recollection said:

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Remember me talking about the 20 point move on AAPL.

Go take a look at the volume on the March 160s....

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March 150s at 68k OI. Wow....

Mostly Foggy Recollection said:

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Remember me talking about the 20 point move on AAPL.

Go take a look at the volume on the March 160s....

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Nice catch - almost equal to the 145s

what are yall seeing as an exit/target for BLNK? has been ruining my day since I bought them a little high a few days ago when they had the new contract news

MVIS over $12

what stock is that?

OE_Ag11 said:

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what are yall seeing as an exit/target for BLNK? has been ruining my day since I bought them a little high a few days ago when they had the new contract news

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I have 300 shares that are covered by 3 different calls at 2 different dates. I honestly like the chart. Supply is al under neath with only the upper bollinger band in the way. It's consolidating since it's last big leg up. I don't have a target, but it's profitable for me now, and will continue to be with these calls I'm rolling functionally. Another shot of good news in this sector or stock could sent it back up to push the highs.

yep

i'm in at 1.59, and i sold 6/21 CCs against half for .41

agdaddy04 said:

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What are people seeing with SAVA? Fallen quite a bit from its peak.

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I see $55 puts I can sell for $12. If I get called out I've bought in at $43. If don't I keep a hefty premium.

Weird pricing on REI Sep calls. I was able to sell some $7.5s for the same price as $5s.

Aggie_2463 said:

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In on some REI shares at $1.54

In on some APPL shares at $136.57

Let me know when I'm rich

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If you bought enough of the REI you can sell Sept $5 covered calls for about $0.55. Your costs basis will be $1 or get called away on part for $5.55 total. Not too shabby and really reduced risk.

Not planning on doing it, but just so I know. If I buy to close the CC I sold this morning and then it goes back up and I sell it again, does that start getting into the pattern day trader rules?

I don't mind rolling the dice a little and risking a crazy run catching me, so I sold the same number of $7.50 REI covered calls for $0.40. Basically I would be exposing the other 50% of my shares but what I think happens is I get the $0.70 for the June $5 collected as well as the $0.40 for the Septembers.

DO NOT attempt this if you A) Don't have unlimited funds to chase and buy shares if a run occurs and B) Don't have systems to alert you to "A" and the ability to trade at 3am-7pm.