I have covered calls on WWR, DNN, and UWMC. Other than that I'm sitting on my hands.

All the ARK plays are getting melted

Fireman said:

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Anyone know why $NVDA is decreasing so much in the past hour? Saw an earnings upgrade to $700, and I'm expecting earnings this week to be great, so the movement seems odd to me.

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Everything tanking

Ouch...

MU kind of obliterated here since lunch.

Need a status report on DNN, pls.

pretty much even for the day, not much to report.

McInnis 03 said:

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MU kind of obliterated here since lunch.

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I'm net free on some 3/19 calls. Guess I will hold for another week or so to see if we bounce back some

The massive options volumes are for March and April. Our entry was in the .80s before that volume.

Grabbed some EBON as it dropped to $8, wish I loaded up because it bounced off that... let's hope it's not a dead-cat but have to like a BTC stock with BTC approaching 55k again

Brutal

AgsnFly said:

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Touchless said:

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Touchless said:

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I need some opinions on a play I'm thinking of doing. Can use the below in any multiples, but thing of twice as many puts as calls and an equal number of shares to covered calls.

Selling 2 DPW March puts at $1.60 each, selling 1 DPW $6 covered call for $1.25 and then using the $445 from that to buy 100 shares at $5.5 or so. Total out of pocket is only $100 roughly and if over $6 in a month, then I receive the $600 obviously. 5x return in a month if over $6.

If under $6, then I'd have 300 shares for $1,300 out of pocket so average cost of $4.33.

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Anyone have any thoughts on this? Trying to figure out if there's some angles I'm not thinking of or why it would be a bad play.

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Selling the puts and doing the buy-write are identical trades from a risk perspective. The volatility skew should tell you which one has higher returns.

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Thanks. I was trying to think of a way to limit the immediate capital outflow. Ideally, the shares would be called out in March so trying to turn $100 into $600 in a month time frame. I already have some DPW shares I'm holding for growth, so this would be more of a short term capital generator.

McInnis 03 said:

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Mostly Foggy Recollection said:

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SHUT UP SARAHKAREN

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i missed my limit buy to avg down WWR by $0.03. guess that was best as I really dont need to keep adding too much to individual positions.

That said, Averaged down SNDL a bit at least.

TLRY, CLOV and WWR are eating my portfolio alive atm. I dont need to act on them, but it would be nice if they would just go back to previous support so that I dont see such a massive negative number...

Ags2013 said:

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Let's do a little better tomorrow

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Sounds great! I'm in!

Anyone looking at PTON here at $125? May be a good candidate for some $130-135 calls out 30-60 days....

TxAG#2011 said:

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All the ARK plays are getting melted

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The ARK funds are down 3-5%. Rough day for something that seems like nothing but gains for a year. That being said, if the market is in fair shape when it comes time I might buy a ton of ARKX.

Mostly Foggy Recollection said:

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correct me if I'm wrong, but a lot of february's the markets are a bit weak.

My $6 March 5 ET call I bought for $0.65 is currently $1.6. I got greedy and put a limit of $1.65 on the sell and the bids never got back over $1.45. So I feel like I missed a big opportunity to sell for a near $1.00 profit because I was greedy over $0.05. Hopefully the energy sector keeps going up like it did today and this thing doesn't lose too much value before I can get rid of it. Owning the shares wouldn't be the worst thing, but I'd rather just make the profit now.

$BIGC up after earnings announcement. Revs up more than expected!

CCL offering, may be a good time to pick up some cheaper shares going into the reopening.

You are not wrong.... at first glance.

Running with the Bulls said:

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$BIGC up after earnings announcement. Revs up more than expected!

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They guided higher for the next year too. This should be on everyone's buy list. I don't rec options but if you like options look at Q4, IMO.