Prognightmare said:

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mpl35 said:

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Prognightmare said:

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YNWA_AG said:

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I think the J&J shot helped a bit too with the stimulus news.

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IMO, the vaccine had zero influence on the US markets. There's plenty of vaccine available for people that want it. The stimulus is like a junkie getting another hit, but the 10 yr doesn't believe it. Fundamentals are in a tug-a-war so technicals don't carry as much weight. Personally, I'm playing the rips and dips but not committing myself with leverage plays.

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There isn't plenty of vaccine for people that want it where I live. Most people I know want it but haven't heard anything about when it might become available to them. I don't k ow anybody under 60 that isn't healthcare related that has been able to get it yet.

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Ok, you may be right. Everyone I associate with, including my mom that's over 70, has refused it so I thought there was plenty. I still think today's rally was more stimulus than vaccine though.

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Yeah I don't think it's widely available yet...now we are expecting 100MM doses over the next 4-6 weeks for the US so I think by early May it certainly will be. It also doesn't help that Texas is one of the worst states by % of doses injected vs. actually received so we have a poor supply chain here too

BlueTaze said:

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BlueTaze said:

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Aston04 said:

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RKT is high on that list and has been killing premium in darvas box for months. Earnings Feb 25...I have visions of rocket emojis all over reddit in coming weeks.

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And......rockets are all over reddit and Twitter #rkt

Skud finally breaking out

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ASO? Why the heck are they shorting ASO? Is the inventory shortage that bad that Academy isn't making enough revenue? Are they afraid regulation taking a big chunk of biz? Or are they on the wrong side of the trade?

I can't get nothing at Academy because they are always sold out. Just trying to figure out if I'm on the wrong side of this.

trip98 said:

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Ragoo said:

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Bass pro shops offers a wider array of apparel, foot wear, camping, hunting. Similar fishing. Expanded boating. Sun and ski better niche outdoor. REI is even more niche. Academy doesn't do any one thing well. I always leave there a bit disappointed.

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Bass pro also appeals to more folks in certain categories by offering broad items. Think cold fishing like ice fishing. Academy doesn't do that. Hence my use of more niche. REI is certainly super niche.
Academy prices are lower than bass pro as well for the same items. Bass pro also doesn't do fitness, golf, baseball, football and kid type sports.
So IMO they are a decent bit different. But bass pro has better website

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Having a nearly two boys nearly 17 and 15 Academy has been a very regular visit for us for years. All the kids sports, shoes and pretty much all their clothes are from there being Nike & Adidas sweatshirts, shirts, pants, shorts, and the like. Then you have the local sports teams and college gear they want. Compared to Bass Pro and Dicks, it is much more for the regular family that has kids, do sports, hunts/shoots, goes fishing and maybe camping, cooking and tailgating. IMO much more scalable especially in markets throughout the southeast US

Can someone please educate me on the best plan for exiting LEAPs?

I've got AAPL Jan 2022 140C &150C (4 of each) that I picked up over the last 2 weeks.

I'm not looking to unload any time soon at all, I just want to be ahead of the game and plan my exit intelligently.

Since it's AAPL, should I worry about going net-free, or should I be able to hold everything until my exit?

How far ahead of Jan 2022 do I need to be looking for an exit point? October or November maybe?

TIA

$30,000 Millionaire said:

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good premium on EBON $10C for March. Buy the shares now around $8, sell the $10C for $1. best case, you made $3 in under 2 weeks. Worst case you keep shares for $7. Win win.

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It seems like it's a pretty good bet to break through $10, no? Why wouldn't you go out even further? July 10c is $2.90. It seems like a good bet to hit $10 before July. I'm asking, I'm still figuring this out. If you get call out you still make close to $5?

tsuag10 said:

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Can someone please educate me on the best plan for exiting LEAPs?

I've got AAPL Jan 2022 140C &150C (4 of each) that I picked up over the last 2 weeks.

I'm not looking to unload any time soon at all, I just want to be ahead of the game and plan my exit intelligently.

Since it's AAPL, should I worry about going net-free, or should I be able to hold everything until my exit?

How far ahead of Jan 2022 do I need to be looking for an exit point? October or November maybe?

TIA

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Delta is your call and you should keep an eye on gamma via your bias. Theta usually decays most within 60 days (barring coincidence with earnings release). There is no fixed formula.

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

Prophet00 said:

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The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

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Thanks

That's a really good idea, I hadn't considered that.

$30,000 Millionaire said:

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Jet Black said:

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$30,000 Millionaire said:

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good premium on EBON $10C for March. Buy the shares now around $8, sell the $10C for $1. best case, you made $3 in under 2 weeks. Worst case you keep shares for $7. Win win.

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It seems like it's a pretty good bet to break through $10, no? Why wouldn't you go out even further? July 10c is $2.90. It seems like a good bet to hit $10 before July. I'm asking, I'm still figuring this out. If you get call out you still make close to $5?

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I already have a pretty big complement of shares that I got for less and am working towards mass accumulation on. I liked the price action so I decided to add more and take this strategy.

As for the tactics, an opportunity to get a 37% gain in two weeks is pretty awesome. Also, if I can make $3 in 2 weeks but I have to wait an additional 4 months for the extra $2 with capital tied up, I am pretty sure I can find another opportunity like this well before then, probably with this same stock. Ideally, this gets to $9.99 and I get to keep the $1, and then do it again.

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I need to figure out this strategy. I am much better learning with visuals and seeing it in action then reading it but I am getting there. Lot of good stuff on this thread and I am appreciative to everyone on here!

Esteban du Plantier said:

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Prophet00 said:

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The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

cptthunder said:

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Esteban du Plantier said:

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Prophet00 said:

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The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

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Could you explain this to me like I'm 5? Please and thank you.

cptthunder said:

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Esteban du Plantier said:

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Prophet00 said:

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The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

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SNDLs premiums were crazy. May still be, I haven't checked lately.

SoTXAg09 said:

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cptthunder said:

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Esteban du Plantier said:

---

Prophet00 said:

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The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

This is the poor man's covered call.

Buy a deep in the money call a long time to expiration and you can sell calls against that closer/higher strike. Simulates owning the stock.

Sundial is cheap, so less impactful. But consider that you can buy the apple 100 option expiring 690 days out for $39, or $12 in extrinsic premium. Hell of a deal for the ability to acct like you own 100 shares of apple at a fraction of the price.

Would work really well on a huge down move and/or volatility crush. Buy the option at its absolute cheapest and wait for iv to rise, juicing the call premiums.

Edit to add: I'm not sure how this provides comfort if the stock explodes.

If you buy the .5c and sell a 2.5c, you're only making 2 if the stock breaches 2.5.

But if you sell a 2.5c but buy the 6c as protection (for example), you're giving up premium, maybe a third, but you're going to be a happy guy if the stuck goes insane.

SoTXAg09 said:

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cptthunder said:

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Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

Assuming you are not a five year old and are being sarcastic about the posters gibberish relating to his/her trade. If I can translate, maybe he/she is saying that cheap out of the money calls were purchased at $.50/share when SNDL was trading less than $1/share and now that SNDL is trading over $1/share the poster is happy to sell way out of the money covered calls against previously purchased out of the money calls and would be thrilled if said calls purchased yielded him/her a profit of $.50/share. Administration, I may be way off on this interpretation and frankly can't believe I took the time to evaluate and reply. Slow night for me.

AgsnFly said:

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SoTXAg09 said:

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cptthunder said:

---

Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

Assuming you are not a five year old and are being sarcastic about the posters gibberish relating to his/her trade. If I can translate, maybe he/she is saying that cheap out of the money calls were purchased at $.50/share when SNDL was trading less than $1/share and now that SNDL is trading over $1/share the poster is happy to sell way out of the money covered calls against previously purchased out of the money calls and would be thrilled if said calls purchased yielded him/her a profit of $.50/share. Administration, I may be way off on this interpretation and frankly can't believe I took the time to evaluate and reply. Slow night for me.

---

I think he bought .50 calls at the furthest out date (a leap) to have something to sell calls against.

Esteban du Plantier said:

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SoTXAg09 said:

---

cptthunder said:

---

Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

This is the poor man's covered call.

Buy a deep in the money call a long time to expiration and you can sell calls against that closer/higher strike. Simulates owning the stock.

Sundial is cheap, so less impactful. But consider that you can buy the apple 100 option expiring 690 days out for $39, or $12 in extrinsic premium. Hell of a deal for the ability to acct like you own 100 shares of apple at a fraction of the price.

Would work really well on a huge down move and/or volatility crush. Buy the option at its absolute cheapest and wait for iv to rise, juicing the call premiums.

Edit to add: I'm not sure how this provides comfort if the stock explodes.

If you buy the .5c and sell a 2.5c, you're only making 2 if the stock breaches 2.5.

But if you sell a 2.5c but buy the 6c as protection (for example), you're giving up premium, maybe a third, but you're going to be a happy guy if the stuck goes insane.

---

Love this idea. I need to see how this works with some of the MA stocks I never got into and are above entry now. I don't want to make the same mistake of buying too high

You should buy on dips. I think this is a John Carter quote; surfers aren't upset that they can't touch all the water.

OA1 said we should hedge if the market bounced back today. Is that still the case? Did make a nice chunk today.

Philip J Fry said:

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OA1 said we should hedge if the market bounced back today. Is that still the case? Did make a nice chunk today.

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I haven't yet but I'm also pretty light and I reloaded with selling covered calls.

wanderer said:

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AgsnFly said:

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SoTXAg09 said:

---

cptthunder said:

---

Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

Assuming you are not a five year old and are being sarcastic about the posters gibberish relating to his/her trade. If I can translate, maybe he/she is saying that cheap out of the money calls were purchased at $.50/share when SNDL was trading less than $1/share and now that SNDL is trading over $1/share the poster is happy to sell way out of the money covered calls against previously purchased out of the money calls and would be thrilled if said calls purchased yielded him/her a profit of $.50/share. Administration, I may be way off on this interpretation and frankly can't believe I took the time to evaluate and reply. Slow night for me.

---

I think he bought .50 calls at the furthest out date (a leap) to have something to sell calls against.

---

Could be the case. Hard to tell from what was written.

cptthunder said:

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AgsnFly said:

---

SoTXAg09 said:

---

cptthunder said:

---

Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

Assuming you are not a five year old and are being sarcastic about the posters gibberish relating to his/her trade. If I can translate, maybe he/she is saying that cheap out of the money calls were purchased at $.50/share when SNDL was trading less than $1/share and now that SNDL is trading over $1/share the poster is happy to sell way out of the money covered calls against previously purchased out of the money calls and would be thrilled if said calls purchased yielded him/her a profit of $.50/share. Administration, I may be way off on this interpretation and frankly can't believe I took the time to evaluate and reply. Slow night for me.

---

I thought my thumbs did a adequate job administrationly on explaining that haha
What it comes down to was seeing a handful of people posting about NIO and MARA and how they were going to be exercising there $2.50 or $5 calls that they paid between $0.50 to $2 for with a stock that is either in the 30s or 60s
I was able to pick up the SNDL calls for $0.30 a piece with the idea that will all the talk it was going to be over $0.80 in 6 months for sure
I sold $4 CCs on those for $0.55 with the last huge rip so now I can pretty much sit back on net free shares as long as the stock stays above $0.50 before expiration

---

Good for you and thanks for clarifying your thoughts. Admittedly - we were confused at first.

cptthunder said:

---

AgsnFly said:

---

SoTXAg09 said:

---

cptthunder said:

---

Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

Assuming you are not a five year old and are being sarcastic about the posters gibberish relating to his/her trade. If I can translate, maybe he/she is saying that cheap out of the money calls were purchased at $.50/share when SNDL was trading less than $1/share and now that SNDL is trading over $1/share the poster is happy to sell way out of the money covered calls against previously purchased out of the money calls and would be thrilled if said calls purchased yielded him/her a profit of $.50/share. Administration, I may be way off on this interpretation and frankly can't believe I took the time to evaluate and reply. Slow night for me.

---

I thought my thumbs did a adequate job on explaining that while feeding a 4 month old one handed haha
What it comes down to was seeing a handful of people posting about NIO and MARA and how they were going to be exercising there $2.50 or $5 calls that they paid between $0.50 to $2 for with a stock that is either in the 30s or 60s
I was able to pick up the SNDL calls for $0.30 a piece with the idea that will all the talk it was going to be over $0.80 in 6 months for sure
I sold $4 CCs on those for $0.55 with the last huge rip so now I can pretty much sit back on net free shares as long as the stock stays above $0.50 before expiration

---

The original concern was limiting upside by selling calls.

You've sold 4c, so have limited upside.

If sundial goes to $12, what do you do?

Who is this we you speak of?

Edit: once again one handed on a phone while feeding small child haha

Esteban du Plantier said:

---

cptthunder said:

---

AgsnFly said:

---

SoTXAg09 said:

---

cptthunder said:

---

Esteban du Plantier said:

---

Prophet00 said:

---

The risk you run is if it starts running past $10 long before July. You are obligated to sell your shares for $10, so you are risking the potential additional gain.

With the premium, you're essentially banking on a max share price of $12.90 by then. Many people think it could run farther than that.

But it's not a bad idea, especially if you are more than comfortable selling your shares at that gain. I do it set a net free position pretty regularly if called out.

---

Could always give up a little premium and buy a deep otm call to protect in case it moons.


Reeeeeeally wished I knew that was a thing when I was selling $15 calls on mgni.

---

After missing out on big runs in MARA and another from this board I did a version of this on SNDL but actually bought a as far out $0.50 call as I could the last time it dipped way under a dollar and now just sell CCs against that way out of the money and if it goes absolutely crazy again I'll just hold off and exerciser for a whopping 50 bucks per 100 shares

---

Could you explain this to me like I'm 5? Please and thank you.

---

Assuming you are not a five year old and are being sarcastic about the posters gibberish relating to his/her trade. If I can translate, maybe he/she is saying that cheap out of the money calls were purchased at $.50/share when SNDL was trading less than $1/share and now that SNDL is trading over $1/share the poster is happy to sell way out of the money covered calls against previously purchased out of the money calls and would be thrilled if said calls purchased yielded him/her a profit of $.50/share. Administration, I may be way off on this interpretation and frankly can't believe I took the time to evaluate and reply. Slow night for me.

---

I thought my thumbs did a adequate job on explaining that while feeding a 4 month old one handed haha
What it comes down to was seeing a handful of people posting about NIO and MARA and how they were going to be exercising there $2.50 or $5 calls that they paid between $0.50 to $2 for with a stock that is either in the 30s or 60s
I was able to pick up the SNDL calls for $0.30 a piece with the idea that will all the talk it was going to be over $0.80 in 6 months for sure
I sold $4 CCs on those for $0.55 with the last huge rip so now I can pretty much sit back on net free shares as long as the stock stays above $0.50 before expiration

---

The original concern was limiting upside by selling calls.

You've sold 4c, so have limited upside.

If sundial goes to $12, what do you do?

---

Those 4s expired in Feb so now I'm just sitting back and waiting
If it goes to $12 now I can decide to either sell the way ITM option or pay the $50 per 100 shares and then sell a part of those/hold them all/or sell them all
No expert here at all just thought it would be a way to still capture some upside with all of my shares at the time being tied up in CCs that I didn't want to be buying back

oldarmy1 said:

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NIO could go nuts on forward forecast

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RH headline when I unlocked my phone was "NIO misses estimates by -100%"