SYN running

Anyone buying FUBO at this dip?

Spaceship said:

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Anyone buying FUBO at this dip?

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I bought back my covered calls for a tidy 80%. Will re-sell on Monday

CastleRock said:

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Anybody still holding NLS with me? I know Mc stopped out.

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Yup. I'm down 20% at the moment.

Still in NLS. I'm in fk'it mode so just hanging on from here.

oldarmy1 said:

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SYN a candidate for an after hours run.

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hope you are right sir

Bought SPY March 340p as hedge

$30,000 Millionaire said:

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i'm still in NLS. nothing on the chart says sell.

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What are you seeing as your targeted exit?

McInnis 03 said:

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Y'all, I have the Game of Thrones theme playing on my earbuds at the same time as Benzinga Charlie and trading...............this feels so............INTENSE.

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Ha. Try listening to 2 Steps From Hell.

Actually...don't. That could lead to some really really bad decisions...

CastleRock said:

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Anybody still holding NLS with me? I know Mc stopped out.

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Yes, I still have mine...

Model T isn't as reliable on smaller stocks but on SYN it would be $0.9081

Can't remember who it was asking about whether to be selling covered calls at the top or bottom. Also like 30k posted a few minutes ago buying back covered calls for 80% gain. You can work this system bank profits.

Today is a great example to look at WWR. I sold Feb $15 covered calls a few hours ago into that push up for $0.75. They are at $0.50 now a few hours later and we aren't even close to the days low. If I was to buy them back that is approx a 30% profit in a few hours

Now I am not buying them back as I really don't see this getting to $15 in 2 weeks unless some extraordinary news break. I will keep the full premium or tap out on those shares for $15.75 total.

I see things going up but they're not the things I'm in.

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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I think these are 145/160 call spreads. Look at the volume on both strikes.

sts7049 said:

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yep

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

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Also in. 1.56 with half jun 2.5Cs at .65

These are .35/.40 and $4 OTM

McInnis 03 said:

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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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I think these are 145/160 call spreads. Look at the volume on both strikes.

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Agreed.

FJ43 said:

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Can't remember who it was asking about whether to be selling covered calls at the top or bottom. Also like 30k posted a few minutes ago buying back covered calls for 80% gain. You can work this system bank profits.

Today is a great example to look at WWR. I sold Feb $15 covered calls a few hours ago into that push up for $0.75. They are at $0.50 now a few hours later and we aren't even close to the days low. If I was to buy them back that is approx a 30% profit in a few hours

Now I am not buying them back as I really don't see this getting to $15 in 2 weeks unless some extraordinary news break. I will keep the full premium or tap out on those shares for $15.75 total.

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Thanks for posting this. I did the exact same thing and was wondering if should buy them back and then resell them on another rip.

McInnis 03 said:

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These are .35/.40 and $4 OTM

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More to this, there is almost an equal number of VOL on the $8 4/16 contract. This might be a calendar spread, and you would ONLY open this if you think the early strike (mar 19) is going to be ATM or ITM at time of expiration.

I sold SNDL 2/19 $1.5 C for $0.30. They are now at a 0.10 bid.

In this case, would it be worth buying those back for a 66% gain when SNDL is staying pretty stagnant and might not reach $1.5 in 14 days? Could let it expire and keep the full premium.

What about buying them back and then selling the 3/19 $1.5C for $0.30?

Prophet00 said:

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I sold SNDL 2/19 $1.5 C for $0.30. They are now at a 0.10 bid.

In this case, would it be worth buying those back for a 66% gain when SNDL is staying pretty stagnant and might not reach $1.5 in 14 days? Could let it expire and keep the full premium.

What about buying them back and then selling the 3/19 $1.5C for $0.30?

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Buy it back to capture the majority of the profit, then wait and see if SNDL takes off another day and do as you wish in selling another CC. Maybe even the same one.

That's what i was thinking. Without having much experience watching the greeks, trying to determine when it's best to let the option expire and take the full premium vs. taking a reduced profit and trying to sell more calls.

$SNDL

I have 80% of my CCs expiring today.

My goal is to get net free with CCs next week covering 50%-75% of my position. My current cost basis is .29, but I need to come up with a plan to make that happen. I have so busy with work to think about it though (CPA @ one of the big firms).

I also have to pre clear every company I invest in. Sucks.