X is frustrating, almost to the point of RKT. I like that NGL chart, I'll look to enter next week.
tv1113 said:
BTC threatening 50k this morning. I may have gone a little overboard with btc plays....
DPW, EBON, SINO, TRIT. Grabbed SOS post offering and FTFT stopped me out earlier in the week.
Hey 30k Sorry for length but lots of notes on this one. I like it! After digging in the more I look at this from a chart/technical perspective the more this fits what I like playing in. Have always wanted to get in on one if/before the dang thing takes off. Wish it had a better options chain to navigate but has one to work with anyway.$30,000 Millionaire said:
would love your opinion. I don't know if this will be like AMC, but I like energy stocks and this is a long way from ATH.
FJ43 said:
- On entry would also look to maybe buy March $2.50s long on the dip then on any push leg into selling March 5s for debit spread. Possibly sell puts as well.
I'll work to math out and better define my strategy later this evening or tomorrow for Tuesday but yes the above I think will be part of it. The below is off the cuff without doing the math but...StrawberryFields said:FJ43 said:
- On entry would also look to maybe buy March $2.50s long on the dip then on any push leg into selling March 5s for debit spread. Possibly sell puts as well.
So you would buy the March $2.50 calls when $NGL dipped, then sell the March $5.00 calls if the stock price rises? Would you do any covered calls? Which puts would you sell?
panduh bear said:
There was HUGE flow into ET (energy transfer) calls this week. They were for Mar/Apr.
I think this adds to your thesis on NGL/energy.
We're long ET off the news and NGL popped up on my scans last week. Looks like they're gonna need to build us a bigger boat to load.
$30,000 Millionaire said:
Your analysis is killer and much more detailed than mine. We saw the same macro thing - in a channel, low downside risk, solid upside, historical volume. Thank you so much for the details. I don't think I will do long calls on this one, probably shares and naked puts.
I like them both. I think ET is still paying quarterly distributions, but NGL has suspended for now.panduh bear said:
There was HUGE flow into ET (energy transfer) calls this week. They were for Mar/Apr.
I think this adds to your thesis on NGL/energy.
We're long ET off the news and NGL popped up on my scans last week. Looks like they're gonna need to build us a bigger boat to load.