that's why I said "by name"jj9000 said:To be fair...you just did...and you're the 1st.khaos288 said:
first person to mention fruit stock by name gets whacked
No one wants to whack themselves
that's why I said "by name"jj9000 said:To be fair...you just did...and you're the 1st.khaos288 said:
first person to mention fruit stock by name gets whacked
Big Al 1992 said:
3 stocks you're watching for big things this spring?
khaos288 said:that's why I said "by name"jj9000 said:To be fair...you just did...and you're the 1st.khaos288 said:
first person to mention fruit stock by name gets whacked
No one wants to whack themselves
You guys are cracking me up todayCharlie Conway said:khaos288 said:that's why I said "by name"jj9000 said:To be fair...you just did...and you're the 1st.khaos288 said:
first person to mention fruit stock by name gets whacked
No one wants to whack themselves
It's not always about 'want' sometimes it's about necessity
McInnis 03 said:
GME Mar19 600C's are sweeping
THESE ARE SWEEPING AT THE BID. IT'S A TRAP.
I am also super bullish and have a good sized position in shares but I also have a 3/19 $35C that I am net free on and looking to make a clearer plan on my exit$30,000 Millionaire said:
I am obviously super bullish on this. holding.
$30,000 Millionaire said:
One more thing - half or more of my trading is just grinding. It is trying to get the basis of shares to zero and then keep monetizing.
Take GPL for example. It's down $0.10 from where I bought it, but I sold a covered call for $0.12, so I've lowered my basis from $0.92 to $0.80. As soon as March expires, I'm going to do it again, and again, and again. It may take me a year but I will have effectively free shares.
There is a behavior associated with plays up here (OTM). When they are sweeping at the bid, someone is far more anxious and desiring to sell them than they are to buy them. They want to capture the premium on the mindset that that strike isn't happening. If you don't dig into the detail of where the transaction took place, it just looks like "holy damn, they're sweeping 600c's, they're sending it up!!!" when in reality they lowered their price to move the contracts.agdaddy04 said:McInnis 03 said:
GME Mar19 600C's are sweeping
THESE ARE SWEEPING AT THE BID. IT'S A TRAP.
Explain further? Trap how?
kyledr04 said:$30,000 Millionaire said:
One more thing - half or more of my trading is just grinding. It is trying to get the basis of shares to zero and then keep monetizing.
Take GPL for example. It's down $0.10 from where I bought it, but I sold a covered call for $0.12, so I've lowered my basis from $0.92 to $0.80. As soon as March expires, I'm going to do it again, and again, and again. It may take me a year but I will have effectively free shares.
If the stock takes a big downturn (clov or wwr, are familiar examples), do you sell at defined stop and get back in later? Or just keep grinding away with premium at a strike you could live with selling at or don't think is likely in that time frame.
I don't know man, I have never really near-term traded this other than cc or selling puts. I do know it's fickle.cptthunder said:I am also super bullish and have a good sized position in shares but I also have a 3/19 $35C that I am net free on and looking to make a clearer plan on my exit$30,000 Millionaire said:
I am obviously super bullish on this. holding.
Anythoughts would be really appreciated
going back to my earlier point, when the stock is no longer doing what you want, exit.RigsTx said:kyledr04 said:$30,000 Millionaire said:
One more thing - half or more of my trading is just grinding. It is trying to get the basis of shares to zero and then keep monetizing.
Take GPL for example. It's down $0.10 from where I bought it, but I sold a covered call for $0.12, so I've lowered my basis from $0.92 to $0.80. As soon as March expires, I'm going to do it again, and again, and again. It may take me a year but I will have effectively free shares.
If the stock takes a big downturn (clov or wwr, are familiar examples), do you sell at defined stop and get back in later? Or just keep grinding away with premium at a strike you could live with selling at or don't think is likely in that time frame.
Not 30K, but I am in this boat with NXTD and DPW right now.
I'm selling $3 3/19 calls on NXTD for .05. If it rallies to there and gets called out, then I am almost net free on my remaining shares and the stock is at $3 which means I'll be able to sell the other remaining calls for higher strikes and more premium.
I am not sure about hitting a stop loss. If a stock has options, I would rather work my way back through premium than taking a big hit. That's just me though.
WWR - yestsuag10 said:
I'm holding DNN, WWR, and SNDL shares. Is today a good day to try and sell covered calls or should we wait for things to heat up a little more?
I'm still new at this part.
Appreciate it, Ive done this twice now and made some good returns but left a bunch on the table last time at the beginning of February so I think im going to let it go until Thursday with a tighter stop$30,000 Millionaire said:I don't know man, I have never really near-term traded this other than cc or selling puts. I do know it's fickle.cptthunder said:I am also super bullish and have a good sized position in shares but I also have a 3/19 $35C that I am net free on and looking to make a clearer plan on my exit$30,000 Millionaire said:
I am obviously super bullish on this. holding.
Anythoughts would be really appreciated