MavsAg said:

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Anyone going to hold $NIO through the long weekend? The 2/19 $65C doesn't look like it's going to make it.

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Beginner here - I am still holding and looking for strategy ideas? Cut losses now?

$TRCH is finally moving in a better direction.

RE: AAPL and Bitcoin:

https://www.businesswire.com/news/home/20210212005047/en/BitPay-Card-Adds-Support-for-Apple-Pay

$30,000 Millionaire said:

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Apple has been in a 2 hours squeeze for the better part of 2 weeks.

This is building up a lot of energy.

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I think it has to touch the 1ATR at 132 or so first. That should squeeze the 8EMA against the 21EMA.

See 1/19 for example.

D2F1D0 said:

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Not at all. Disciprin (south park voice)



Still learning so working to identify patterns post-mortem so I can start seeing leading indicators. But Mc mentioned it may have been pure luck. Not sure how much I'll glean after the fact.

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FOMO on my part. Not going to chase though. Already learned that lesson.

tsuag10 said:

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RE: AAPL and Bitcoin:

https://www.businesswire.com/news/home/20210212005047/en/BitPay-Card-Adds-Support-for-Apple-Pay

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Meanwhile, sell volume lol

zacks upgraded AAPL to a buy as well. https://finance.yahoo.com/news/apple-aapl-upgraded-strong-buy-170005587.html

Are there price targets on EBON or DPW?

Thanks

Jet Black said:

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Are there price targets on EBON or DPW?

Thanks

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DPW was on a small rocket that looks like it stopped, was it halted?

BullSprig07 said:

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Jet Black said:

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Are there price targets on EBON or DPW?

Thanks

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DPW was on a small rocket that looks like it stopped, was it halted?

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Nope, just taking a breather.

I think if you are playing AAPL you buy the 135c near close today for $2.40ish out two weeks.

Born Maroon said:

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$TRCH is finally moving in a better direction.

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any clue on the potential of TRCH?

Sell the news!

Talon2DSO said:

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DRE06 said:

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mrad85 said:

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AAPL could cure cancer today and this stock is not even gonna wiggle.

I've got time, but this is frustrating!.

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The stock is up 12% in last 3 months, 20% in last 6 months, 70% in last 12 months, and 200% in last 24 months.

What more could you ask for. Lol.

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150 by next Friday

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Maybe but feels like dealers are very long dollar gamma with maximum exposure at the $135 strike. If so, it is not likely to move much from there until Feb expires. I could be way off here but easy to see how institutions may have hedged $billions in collars using 135 and 140 calls.

H-town ag said:

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MavsAg said:

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Anyone going to hold $NIO through the long weekend? The 2/19 $65C doesn't look like it's going to make it.

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Beginner here - I am still holding and looking for strategy ideas? Cut losses now?

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Dont know if this helps you or not.

Own 200 shares at $61.25
Sold 1 Call - Feb 19 - $66 @ $2.00 - (I believe that happened yesterday)
Sold 1 Call - Feb 19 - $58 @ $3.84 - today

I liked the premiums and invested elsewhere. Don't care if I get exercised or not.

TSLA didn't have a big spike after announcing the crypto play, so I didn't expect much movement from the AAPL announcement off of it. I could see crypto maybe running off it, but not sure it immediately impacts AAPL.

Big green volume on fruit stocks. Six to midnight!


I still think we close at or below 135 today but this has my attention for next week!

CrazyRichAggie said:

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Bob Knights Liver said:

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Big green volume on fruit stocks. Six to midnight!


I still think we close at or below 135 today but this has my attention for next week!

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She's going to need bigger than that.

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Damnit, apparently that was just a charting error. My screen showed an 800k buy on the minute chart. ATP you dirty son' b....

Bob Knights Liver said:

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Big green volume on fruit stocks. Six to midnight!


I still think we close at or below 135 today but this has my attention for next week!

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Where can I get some of what you are drinking? I don't see anything lol.%A0

khaos288 said:

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Man I have been paying some expensive tuition this year.

If I took profit on BB and SNDL, I'd probably have a 10% higher account.

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+1. Selling too early or too late. Losing out both ways.

tsuag10 said:

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BKL giving half of us a heart attack...

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Me too! I think Fidelity was punking me just then.

Fruit call pricing getting taken down while stock moves sideways? Looking at next weeks $140s

gigemJTH12 said:

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based on the law of averages, I am taking a second mortgage on the next option OA likes as much as he liked AAPL.

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Hanging onto March options. Still feels like a jump is coming but losing hope it happens by Friday.

kyledr04 said:

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khaos288 said:

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Man I have been paying some expensive tuition this year.

If I took profit on BB and SNDL, I'd probably have a 10% higher account.

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+1. Selling too early or too late. Losing out both ways.

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Both times I saw big numbers and got greedy. If I had gone net free, I'd be up. If I'd sold out, I'd be up big.

khaos288 said:

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FJ43 said:

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Cloud said:

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FJ43 said:

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I added some SPY March 350 Puts here. Feeling a bit uneasy.

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how do you size this? % of total equity?

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There are guys on here much better at hedging than I am so this is just what I am doing. Probably one of my weaknesses and something I need to get a lot stronger with in both knowledge and execution. .

Short term - I buy SPY puts with no more than 3% of profits of the week. While these may be sacrificial I will 'trade' them out if decaying or roll them out. I buy these when we hit tops or highs.
Mid Term - I buy SPY puts out 6-8 weeks. Same when riding tops. Today was March 31st 350 as example. These I will use same almost as position sizing. 1-2% of account value loss ratio When they are at a point I will sell or roll. I have also used Options on SPXS.
Long Term - I have some shares of SPXU (a 30k favorite) that to a degree I just have and 'forget'. Was using UVXY as well for shares but I think Mostly Foggy is the expert on these. They should probably be traded vs set and forget them.

Weekly hedging is like insurance. I may pay the premium and not get anything for it. But be really happy if I need them.

Hope that helps and hope someone on here that is the Hedge Master chimes in so we can both learn.

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I'm not condoning anything at all, but as a thought experiment, what would you say you're projected to spend in hedges this year? And what's your breakeven correction needed for those to be worth it?

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I approach this maybe a bit differently than breakeven correction for worth.

I keep about 5% of account value in hedges on or $500 per $10,000 of account value (trading accounts but not IRAs). That is split approximately 3% in shares (always on) of the likes of SPXU and 2% in options (in and out trades) that are 'active'. The options I don't ride to zero on the 'loss' side and I will sell the put (or call) for a gain when a recovery occurs within short time spans.

The options I 'trade' where the shares I do not. This is more than likely not the best approach as an example I bough UVXY shares at about $10 to have it go north of $14 a few weeks later. I did not sell them for a 40% gain but let come back to $10. Why do I not trade them...Beats me but I should use it to generate income if I can I guess. Mostly Foggy I think trades this particular one frequently up and down.

If I exclude the rise and fall of the shares values unrealized loss or gain, I would estimate the 'short' term hedges cost me about 0.5-1% of account value a year. I have not tracked that to be exact.

I am sure there are better and more sound hedge strategies overall. This is where I have migrated to today but as always subject to change as I school up more on hedging.