If I had extra cash right now (I don't), I would be looking at selling CLOV puts
Let it ride
Stock Markets
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Last: 4 hrs ago by HoustonAg_2009
great spot to sell the 3/19 7.5P I think, going for 1.75 now.FJ43 said:
WWR down to $8.91
On your net free shares, if you have them all in covered calls and the price spikes, don't you lose those shares?BREwmaster said:big big buys, probably funds loading up, then they short it back down. Also lots of day traders grabbing profits and getting out. This is why covered calls rock. I have some 5c's that will most likelly expire worthless in a couple weeks, I get to keep that $.chaca5151 said:
Can someone explain to me why SNDL took such a drastic hit today? I'm new to all of this and don't understand what happened.
OR, if you were not net free already, you go net free at market open this morning. Then on the remaining shares you sell covered calls forever. Imagine too if weed is legalized, what this little stock is worth?
Strongly considering buying back my March CLOV $15 call (solid for $2.3 and can buy back for $1.25).
Then waiting for the next surge to sell another call.
Someone talk me out of it.
Then waiting for the next surge to sell another call.
Someone talk me out of it.
Barf
Down 6% on my account
Down 6% on my account
Breaking news LOL
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
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B&I Key:
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R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
HEDGES INGAGE
jwhitlock3 said:great spot to sell the 3/19 7.5P I think, going for 1.75 now.FJ43 said:
WWR down to $8.91
I'm gonna wait for model T price which last I checked was around 8.20?
May 7.5P going for $2.65.jwhitlock3 said:great spot to sell the 3/19 7.5P I think, going for 1.75 now.FJ43 said:
WWR down to $8.91
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Bulls are night owls and early birds right now. Bears pretty much owning the actual trading days.
Strategy seems to be load up before the closing bell, let it ride till about 10:00am the next morning, then take profits. Rinse repeat.
Strategy seems to be load up before the closing bell, let it ride till about 10:00am the next morning, then take profits. Rinse repeat.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
Well this is fun..
I think you'll be able to buy them back cheaper latter on today or tomorrow.
Panic sold my CLOV at 11.91... only losing $4 per share. Stupid stupid stupid.
Buy the close, sell the open has been the rich mans way forward for many years. But that's no fun then is it?FbgTxAg said:
Bulls are night owls and early birds right now. Bears pretty much owning the actual trading days.
Strategy seems to be load up before the closing bell, let it ride till about 10:00am the next morning, then take profits. Rinse repeat.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
FbgTxAg said:
Bulls are night owls and early birds right now. Bears pretty much owning the actual trading days.
Strategy seems to be load up before the closing bell, let it ride till about 10:00am the next morning, then take profits. Rinse repeat.
This is true. I spend 11:00-2:00 these days bargain hunting on dips.
Thank you.Prognightmare said:
I think you'll be able to buy them back cheaper latter on today or tomorrow.
Hard to buy back a call that netted me premium of 16% of my original cost But March is a long way away and I'd love to roll it up into a 17.5 or higher call.
Don't have IBKR but maybe you didn't have after hour or extended setting correctly set and it just sold it when the market opened at $3.96... just my guess
Giddy up SNDL! Push!!
I was hoping to gap down. Looks like I picked the floor.
astros4545 said:
My account is at lows not seen since yesterday morning
I feel so bad for you Sundial holders...
The price of fruit is criminal.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
Added to Run, holding up well
New here, not to investing. Stopped by during Gamestop frenzy and am now addicted to this thread.
I now own about 10 stocks I had never heard of before last week which is crazy. I am trying to figure out where everyone finds these, and I am guessing Twitter and similar. SNDL, MVIS, BLNK, REI, RUN, CLOV, CRBP, FUBO, REI, RUN, GSAT, KIQ. I did get involved with some fruit stock of some sort, which has kinda turned out to be a downer.
The options strategies have been gold! I knew about them, but had never gotten around to doing Covered Calls or "buying" a stock by selling puts. I had just bought naked upside calls or downside puts, and pretty much watched most of them expire worthless. Conversely, I had 10,000 shares of SNDL put to me last Friday at an effective price of $1.15 and here we are. I sold them at $4.20 (of course) this morning. I was reading cautionary tales all over the place and decided to go with the bird in the hand. Also sold half of my MVIS at $20.60. I had sold covered calls on both of those but bought them back earlier this week on strength. I would love to take credit for "knowing stuff" but that was nothing more than a lucky guess.
I am long term AMD and have been for a while. It isn't going to double or triple overnight, but the last few years have been consistently great.
It is amazing to watch what is going on in this thread.
I now own about 10 stocks I had never heard of before last week which is crazy. I am trying to figure out where everyone finds these, and I am guessing Twitter and similar. SNDL, MVIS, BLNK, REI, RUN, CLOV, CRBP, FUBO, REI, RUN, GSAT, KIQ. I did get involved with some fruit stock of some sort, which has kinda turned out to be a downer.
The options strategies have been gold! I knew about them, but had never gotten around to doing Covered Calls or "buying" a stock by selling puts. I had just bought naked upside calls or downside puts, and pretty much watched most of them expire worthless. Conversely, I had 10,000 shares of SNDL put to me last Friday at an effective price of $1.15 and here we are. I sold them at $4.20 (of course) this morning. I was reading cautionary tales all over the place and decided to go with the bird in the hand. Also sold half of my MVIS at $20.60. I had sold covered calls on both of those but bought them back earlier this week on strength. I would love to take credit for "knowing stuff" but that was nothing more than a lucky guess.
I am long term AMD and have been for a while. It isn't going to double or triple overnight, but the last few years have been consistently great.
It is amazing to watch what is going on in this thread.
Quick question for you guys that are good at managing your cash in your acct. Was sitting about 12% this morning and used a good portion of that to buy back CC's. Would you just wait it out or should I look to lower some of my positions to recapture the cash into the account. Sitting at 2-3% now. Wanted to end the week at 20%.
Maybe look to pick up some options March or May to have a reentry if you want back in outside of the wash sale rule. Just a thought.howdydamnit04 said:
Panic sold my CLOV at 11.91... only losing $4 per share. Stupid stupid stupid.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Just got filled at $2.81.FJ43 said:May 7.5P going for $2.65.jwhitlock3 said:great spot to sell the 3/19 7.5P I think, going for 1.75 now.FJ43 said:
WWR down to $8.91
I bought some $TRIT and sold equivalent numbers of 2/19 7.5 puts for $0.70.
This $7.50 level is holding pretty well and setting up and inverse H&S. If not, next level down is about $6.80, or $7.50 - 0.70 for you mathematically challenged folk.
btw if inverse H&S were to play out, you're looking at 12-13 area. I'd sell covered calls and/or shares there to get the cost basis down quick.
This $7.50 level is holding pretty well and setting up and inverse H&S. If not, next level down is about $6.80, or $7.50 - 0.70 for you mathematically challenged folk.
btw if inverse H&S were to play out, you're looking at 12-13 area. I'd sell covered calls and/or shares there to get the cost basis down quick.
Welcome to the clubhouseMax Stonetrail said:
New here, not to investing. Stopped by during Gamestop frenzy and am now addicted to this thread.
I now own about 10 stocks I had never heard of before last week which is crazy. I am trying to figure out where everyone finds these, and I am guessing Twitter and similar. SNDL, MVIS, BLNK, REI, RUN, CLOV, CRBP, FUBO, REI, RUN, GSAT, KIQ. I did get involved with some fruit stock of some sort, which has kinda turned out to be a downer.
The options strategies have been gold! I knew about them, but had never gotten around to doing Covered Calls or "buying" a stock by selling puts. I had just bought naked upside calls or downside puts, and pretty much watched most of them expire worthless. Conversely, I had 10,000 shares of SNDL put to me last Friday at an effective price of $1.15 and here we are. I sold them at $4.20 (of course) this morning. I was reading cautionary tales all over the place and decided to go with the bird in the hand. Also sold half of my MVIS at $20.60. I had sold covered calls on both of those but bought them back earlier this week on strength. I would love to take credit for "knowing stuff" but that was nothing more than a lucky guess.
I am long term AMD and have been for a while. It isn't going to double or triple overnight, but the last few years have been consistently great.
It is amazing to watch what is going on in this thread.
uhh yeh.. $5k of AMD in 2/2016 would be $250k today.Quote:
I am long term AMD and have been for a while. It isn't going to double or triple overnight, but the last few years have been consistently great.
That's about the best 5 year return you can get.
About the only one better I can find is EXPI. $5k of that in 2/2016 is ~$1m today.
Reminds me of a famous quote I always live by
It's easy to grin
When your ship comes in
And you've got the stock market beat.
But the man worthwhile,
Is the man who can smile,
When his shorts are too tight in the seat.
It's easy to grin
When your ship comes in
And you've got the stock market beat.
But the man worthwhile,
Is the man who can smile,
When his shorts are too tight in the seat.
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