Sanity check me here, if you would.

I have 500 shares of WWR.
I have sold 3 covered calls on 2/19 10$ strike
Stock is currently 10.85+
I can sell 2/19 10$ puts for 1.35

If I sell the puts
Stock finishes above 10$, I get called out of 300 shares, but keep 100% of the put premium
Stock finished above 8.65, but below 10$, I keep 100% of the call and put premium, and still get a discount on the 300 shares bc the stock is not below the delta of 10$ and the put premium 1.35
Stock finishes below 8.65, I keep 100% of call and put premium, and hopefully that combined it enough to offset the discount as I buy 300 shares from the sold puts below market value.

Mostly Foggy Recollection said:

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I don't live far from REI HQ.

Given the Wolfcamp Shale news and their commitment to a stronger relative cost structure versus peers, I may have to pay them a visit.

They are next door to one of my recent startups I call on frequently.

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What was the news?

At what point do we start to think about rolling or averaging down on the AAPL FEB 145 calls?

sts7049 said:

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who defines what option strikes are available?

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Market makers I believe

Brian Earl Spilner said:

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LUV, UAL, and DIS are all tearing it up today!

Was there some big news?

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Newsflash: stonks only go up!
(Added some spxs march 35c this morning)

Colt98 said:

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It's like the institutions are waiting to take appl up when they want spx over 4K.

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Yeah I get this same feeling. as AAPL goes the market will go. No better KO punch to 4k than AAPL being released. I just hope my 2/19's don't evaporate.

leoj said:

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I can't find the actual details on the $150 target. This analyst is the only one listed as covering the stock on $WWR's website and they have a $20 target as of Nov.

https://crystalequityresearch.com/2020/11/19/update-report-wes****er-resources-wwr-6/

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I can't find the $150 target either, think that's a glitch. Half of the services don't even show Analyst coverage at all.

FJ43 said:

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CIDM at $2.00

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AT $2.10 if a late entry for net free.

Thanks to the person asking about RWBYF.

Geological survey may have underestimated how many barrels of oil could come from Wolfcamp.

Mostly Foggy Recollection said:

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Geological survey may have underestimated how many barrels of oil could come from Wolfcamp.

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Just a heads up that happens everytime they update the survey and also RING has no position in the Wolfcamp

gougler08 said:

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The hit rate of my account (mostly coming from this board) has been astounding the last 2 months...I'm starting to take more profits and/or sell covered calls though as I think the correction is coming sooner rather than later now

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Don't overlook that a fool can be right during a bull market. I'm probably a fool.

OSTK - march $150s going for $5 if you want to sell covered calls.

evan_aggie said:

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gougler08 said:

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The hit rate of my account (mostly coming from this board) has been astounding the last 2 months...I'm starting to take more profits and/or sell covered calls though as I think the correction is coming sooner rather than later now

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Don't overlook that a fool can be right during a bull market. I'm probably a fool.

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Same here! But the small cap plays that have just gone nuts for me is crazy and most of the ideas at least came from this board

GasAg90 said:

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Net free WWR. If I have learned anything that is to be disciplined and leave emotions at the door.

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I went next free. Lost a few bucks waiting but i feel good about it.

FJ43 said:

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FJ43 said:

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CIDM at $2.00

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AT $2.10 if a late entry for net free.

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Target was $3 right

wangus12 said:

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FJ43 said:

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FJ43 said:

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CIDM at $2.00

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AT $2.10 if a late entry for net free.

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Target was $3 right

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Not sure if I ever saw an actual target besides going net free to start with but it looks like if it can hold over $2 then there could be some resistance around $2.25 and $2.50 from way back but then hopefully it starts going after that spike from last June

Those of you more in the know about WWR.

I own nothing.

I sold $5 Feb puts for $1.10
Bought them back last week for $0.55
Sold $7.5 March puts for $1.60.

Current net premium is $2.14

If I want to own this thing (I have FOMO), I could buy back my $7.50 March puts for $1.30 and sell Feb $10 puts for $1.45. Total net premium would be $229 and my net price for owning if put to me would be $7.71.

Would you make this move? Buy back the puts anyway and then just buy the stock at market? Hang tight with the puts and wait for retracement?

$30,000 Millionaire said:

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OSTK - march $150s going for $5 if you want to sell covered calls.

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you mean I shouldn't have sold the $70 covered calls 3 weeks ago?

mazag08 said:

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Those of you more in the know about WWR.

I own nothing.

I sold $5 Feb puts for $1.10
Bought them back last week for $0.55
Sold $7.5 March puts for $1.60.

Current net premium is $2.14

If I want to own this thing (I have FOMO), I could buy back my $7.50 March puts for $1.30 and sell Feb $10 puts for $1.45. Total net premium would be $229 and my net price for owning if put to me would be $7.71.

Would you make this move? Buy back the puts anyway and then just buy the stock at market? Hang tight with the puts and wait for retracement?

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quite possible it pulls back into the 8s.

Those calls not to be named are close to green again...

Even if we have 2/19 calls?

wangus12 said:

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FJ43 said:

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FJ43 said:

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CIDM at $2.00

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AT $2.10 if a late entry for net free.

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Target was $3 right

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It is at a resistance level now dating back to June. Then 2.34, 3.24 then a high of $6. For me I am net free and not going to plan to sell any further shares until I see how it moves here to/through the 2.34 then a cup completion at 3.24...ish.

definitely feeling the FOMO and FOBLO

Lambo guy doing lambo guy things