CLOV and BFT are killing me ugh
Macro correction. AAPL is fine.Method Man said:
Show of hands for anyone who still believes in AAPL?
Bought some WWR just under $9, sold Aug 15c for $3.30. I'll let them have it for $18.30 or get a net under $6 on those shares.FJ43 said:
I don't like all the red but in my opinion this is a perfect day to work the covered call, puts, etc. side and make a buck. Hope some of you took advantage of those.
tlepoC said:
At least my China stocks are green! great hedge
Method Man said:
Show of hands for anyone who still believes in AAPL?
volume, whoop!mazag08 said:
I'm decent at charting, but I haven't taken OA's class. Can someone signify what goalposts are pointing to?
dolla bills. the CC has lost a lot of value (so you buy it back much cheaper, money made from where you sold it). The stock rips again, you sell them again. Rinse and repeat. Another way to go net free by the way.H-town ag said:
I see some people are buying back CCs on this dip. Question - If the CC is close to expiration and you already received premium, what is the strategy to pay to buy them back assuming they will be out of the money?
I mean I jumped in on AAPL fairly late (August last year), and pretty much all my lots are well in the green except from last Friday, which is down all of -1.30%. Up 16% overall.Ags2013 said:Macro correction. AAPL is fine.Method Man said:
Show of hands for anyone who still believes in AAPL?
Got a reference on the best way to set one of these up? Ive got three kids now so im in for a good go at this hahaBREwmaster said:
who would be interested in a kiddie roth friendly competition? Maybe % per month gain.
I know 30k, Prog and others have one.
I was actually thinking of doing the same by buying back my Feb 19 $15 CC.Quote:
sold Aug 15c for $3.30. I'll let them have it for $18.30 or get a net under $6 on those shares.
I'm too busy shoveling funds into the 529 account ATM to grow that little bugger. Mine is only 4 months old, so she's got time to get a "job" and start a roth lolBREwmaster said:
who would be interested in a kiddie roth friendly competition? Maybe % per month gain.
I know 30k, Prog and others have one.
HA! The speech should already be out there, at least I think that is the way they do it.AG 2000' said:Ha. read that and was thinking of Yellen.Rice and Fries said:Jerome is offended by the misgenderization of his gonads.AG 2000' said:Feeling like this has something to do with it.ebdb_bnb said:
If it hasn't been mentioned, just a reminder that Powell is speaking at 2.
Leak of her speech somewhere maybe...
Check out DASH while SPX was pulling back.MasonRamsay said:
During the sell offs like we just saw on the macro level, its a great time to look at which stocks are showing Relative Strength. For instance, even though DPW got nailed with selling it didn't fill it's gap from Monday nor did it violate its S2 pivot. Close above $5 will have me very confident in this one. We definitely need SPY above 390 and QQQ above 332.
PS I also liked the bounces I saw on RUN and AAPL (i am still bagholding even though I am one who usually takes losses very quickly)
I put CLOV and UWMC in my retirement accounts. They are long term stocks. It takes a while to churn through the post IPO minutia, but once it does they will jump.ag94whoop said:
CLOV and BFT are killing me ugh
30k said it best the other day. I won't have this exactly as he said it but our job is to make a profit whatever it takes. If I have the time and the technicals are lining up, I'll buy back covered calls, put positions, etc. for good gains P&L wise at a reversal then sell again. Just managing the positions.AgEng06 said:Bought some WWR just under $9, sold Aug 15c for $3.30. I'll let them have it for $18.30 or get a net under $6 on those shares.FJ43 said:
I don't like all the red but in my opinion this is a perfect day to work the covered call, puts, etc. side and make a buck. Hope some of you took advantage of those.
Edit to add: As far as your post, I really need to work on when/if to roll or buy back CCs and sold puts. I have the selling of each down, but the buy back and how to manage is still difficult for me.