You are correct sir.

FJ43 said:

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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.

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I decided to take profits on 25% of my shares.

Mostly Foggy Recollection said:

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Once 138 is passed and holds you may trade pants-less the rest of the week. Maybe even in public.

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Would be nice. Lately it's more like a game of "whack-a-mole" with AAPL.

I want to sell my short calls on SQ, and man, these things are STILL holding premium.

Don't jinx it

SYN??

CrazyRichAggie said:

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come on AAPL

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One of my favorite movie scenes of all time.

$GILD. Went ahead and cashed in on my Feb. 19 65c's on that run up, so it'll probably explode into next week. Basically tripled up, so I can't complain too much.

McInnis 03 said:

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So I just quickly skimmed my P/L statement since inception. I think I'm going to stop coming up with ideas. Out of all my winners, my ideas were only about 4. EVERYTHING else came from someone else on this board, mostly OA obviously.

ALL of my losers were my ideas.

I'm done. I'm lurking now.

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Huh...interesting. Maybe we're not so different after all!! I kid I kid. Although your statement really is pretty damn accurate when it comes to my accounts successes and failures.

UncleNateFitch said:

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Here comes CLOV

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Did someone report it was all #FAKENEWS or what?

My head is spinning switching from Ally Invest to IBKR today! I'm going to have to spend some time on the TWS setup thread this weekend...

For you guys who have just been getting into active trading for the last year or so, how many positions do you tend to hold at a time?

I have always been a set and forget investor with funds/ETFs in my retirement accounts, but have started actively trading in my taxable account, having learned a ton from this thread over the last several months. With that said, there are so many different things thrown around here, I obviously can't get in them all. I try to do my own DD and figure out what I want to hop in, but curious how many positions some of you other non-whales tend to hold at one time?

CLOV WANTS to shoot back up but keeps struggling.