Still in big baller! It's printing money now

I'll toss you a bottle of Blantons and a pat on the back.

It's holding, I'd do a 385 put and 390c

Just entered $MU March $105 calls

I reloaded the boat on GBTC swing

Ccutamu said:

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FJ43 said:

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ag94whoop said:

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when yall sell covered calls, what % of your shares in a particular position do you usually target?

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Generally not more than 50% of an MA (mass accumulation) play for me.

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FJ....how do you determine what CC to buy in relation to current price and trajectory of the stock price? Is there a different strategy for a MA stock vs any other stock?

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I use the same process whether MA or not. I always sell them on a surge towards a resistance level never in a downtrend. The resistance level it is headed towards almost always causes a pause at least (if not rejection) so I set alerts before that level just a bit. The premium will drop quick on the pause so I sell them into and before it especially on a good surge.

In terms of what strike for me personally I sell the strike technicals show that I don't think it will get to, or at least a double on the shares. Time frame can be anywhere from a month out to longer but I like the 1-2 month range personally. I like to work the process of buying them back with any volatility for cash flow/cost basis reductions and reselling next leg up again.

Hope that helps.

isnt 3855 a big level here? looks to be rejecting for now

Everyone load up on DNN below a buck?

BenRev09 said:

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isnt 3855 a big level here? looks to be rejecting for now

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Per Mancini needs to recapture that today.

Will be interesting to see if S&P 500 can finish where it opened on Monday. ($3,885)

Not likely.

FJ43 said:

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Ccutamu said:

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FJ43 said:

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ag94whoop said:

---

when yall sell covered calls, what % of your shares in a particular position do you usually target?

---

Generally not more than 50% of an MA (mass accumulation) play for me.

---

FJ....how do you determine what CC to buy in relation to current price and trajectory of the stock price? Is there a different strategy for a MA stock vs any other stock?

---

I use the same process whether MA or not. I always sell them on a surge towards a resistance level never in a downtrend. The resistance level it is headed towards almost always causes a pause at least (if not rejection) so I set alerts before that level just a bit. The premium will drop quick on the pause so I sell them into and before it especially on a good surge.

In terms of what strike for me personally I sell the strike technicals show that I don't think it will get to, or at least a double on the shares. Time frame can be anywhere from a month out to longer but I like the 1-2 month range personally. I like to work the process of buying them back with any volatility for cash flow/cost basis reductions and reselling next leg up again.

Hope that helps.

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Perfect strategy.

I do an analysis of the greeks to determine what I think the high point of each CC will be. Ideally, it would hit that point prior to my target date and I would sell them and then watch as theta decay kicks in, they fall further out of the money, or both.

Andy07 said:

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mazag08 said:

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Engine10 said:

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House voting on Stimulus today...macro pullback prior to approval (assuming it breezes Senate) making some sense, technicals aside

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Wasn't the upside of stimulus already priced into the market?

The pullback has been a mix of profit taking and rising treasury rates. I don't think anything regarding the stimulus is going to do anything other than signal a short term bottom. But if $15MW is included (or even looks like its gaining traction), this thing could pullback farther as the market begins to price that in.

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I think stimulus upside has been priced in, however the market doesn't like uncertainty so before key dates we'll have volatility which is what we're seeing today

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See I think there will be a surge post stimulus and once the checks enter the market... Market makers want to take that new retail money that has entered the market. At least that's my opinion. I could be wrong

So load up on FIVE stock and sell in two weeks?

FJ43 said:

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Everyone load up on DNN below a buck?

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Sold a bunch of 3/19 $1 puts for 20 cents.

mazag08 said:

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FJ43 said:

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Ccutamu said:

---

FJ43 said:

---

ag94whoop said:

---

when yall sell covered calls, what % of your shares in a particular position do you usually target?

---

Generally not more than 50% of an MA (mass accumulation) play for me.

---

FJ....how do you determine what CC to buy in relation to current price and trajectory of the stock price? Is there a different strategy for a MA stock vs any other stock?

---

I use the same process whether MA or not. I always sell them on a surge towards a resistance level never in a downtrend. The resistance level it is headed towards almost always causes a pause at least (if not rejection) so I set alerts before that level just a bit. The premium will drop quick on the pause so I sell them into and before it especially on a good surge.

In terms of what strike for me personally I sell the strike technicals show that I don't think it will get to, or at least a double on the shares. Time frame can be anywhere from a month out to longer but I like the 1-2 month range personally. I like to work the process of buying them back with any volatility for cash flow/cost basis reductions and reselling next leg up again.

Hope that helps.

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Perfect strategy.

I do an analysis of the greeks to determine what I think the high point of each CC will be. Ideally, it would hit that point prior to my target date and I would sell them and then watch as theta decay kicks in, they fall further out of the money, or both.

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I probably should clarify the 'double' strike on the shares applies to most of all these accumulation plays. I don't for example pick $50 strike for a $24 PLTR share. I would probably do April 35s (heavy resistance at 36ish) and be happy taken out for 50+% gain in a 6-7 weeks on half, or my cost basis lowered by 1.50 a share.

Did the same. As well as rebought shares at $1.

Another one

was just about to post about that

sts7049 said:

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was just about to post about that

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Pretty damning thread

Is anyone else seeing some massive random volume on DPW a little bit ago?

yeah that thread doesn't have a very good look to it for sure.

i bought some april $5 puts super quick to see if i can make a few more bucks. i only have 400 shares net free and i've locked my profits in on this one so if it dies, so be it.

It's so hard to trust these guys. I'm guessing someone has kept track of how many times they have been right/wrong. It would be interesting to see their "hit %"

UpstateAg said:

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Is anyone else seeing some massive random volume on DPW a little bit ago?

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Nothing out of the ordinary.

Anyone looking at qd leaps now that we are approaching $2. Looks likes resistance would be around 1.93?

So if SPY makes to 385.5 again and bounces I think I will be adding some March 5 370 hedges. Just a little insurance.

That will be two attempts at a key level to recapture and fail.

covered my GME short

third coast.. said:

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Buying puts, correct?

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Yep. Thats what I am thinking at the moment anyway. Just not feeling confident to go into the weekend without something on unless this captures pretty soundly the SPY 385.5 (3855 SPX) level.

So busy at work......Total bummer because I guarantee you when I would've heard Benzinga Charlie talk about the short report on SOS....... that's one of the Sure Play's where you can buy some puts just below the money and make a killing if you are fast

FJ43 said:

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Ccutamu said:

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FJ43 said:

---

ag94whoop said:

---

when yall sell covered calls, what % of your shares in a particular position do you usually target?

---

Generally not more than 50% of an MA (mass accumulation) play for me.

---

FJ....how do you determine what CC to buy in relation to current price and trajectory of the stock price? Is there a different strategy for a MA stock vs any other stock?

---

I use the same process whether MA or not. I always sell them on a surge towards a resistance level never in a downtrend. The resistance level it is headed towards almost always causes a pause at least (if not rejection) so I set alerts before that level just a bit. The premium will drop quick on the pause so I sell them into and before it especially on a good surge.

In terms of what strike for me personally I sell the strike technicals show that I don't think it will get to, or at least a double on the shares. Time frame can be anywhere from a month out to longer but I like the 1-2 month range personally. I like to work the process of buying them back with any volatility for cash flow/cost basis reductions and reselling next leg up again.

Hope that helps.

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Absolutely! Thanks brother!

Bought TSLA Feb 26th butterfly 685-700-715 call butterfly for 3.3 debit
Buy to open one 685 call
Sell to open two 700 calls
Buy to open one 715 call