What was your premium?Talon2DSO said:
So...what would happen if I sold an April 7.50p for WWR?
What was your premium?Talon2DSO said:
So...what would happen if I sold an April 7.50p for WWR?
Not exactly the right question to ask. Have to consider the premium, so it'd be more like $4.75 (7.50-2.75)tsuag10 said:
Do you want to buy WWR for $7.50
Ahh... I see now$30,000 Millionaire said:that's not right. He's buying it for $7.50 minus the premium he collects.tsuag10 said:
Do you want to buy WWR for $7.50
Why not just buy the stock or sell the 4/16 5P and give yourself a ~4.5 cost if you get assigned?Talon2DSO said:
So...what would happen if I sold an April 7.50p for WWR?
man what a let down Coming 2 America was (the new one). Rewatched the first one the other day though, so great.CrazyRichAggie said:J.P. 03 said:
But what if the market thinks tomorrow is a Wednesday since it's closed on Friday?
$396.60 is what we need SPY to break through and hold...$30,000 Millionaire said:
low key watching tape while on a conf call. It's been bananas to see this huge surge buying on dips in QQQ/SPY. $1.50 price swings within 20 seconds.
Ok, I'm gonna take another stab at the risk of being wrong again. I think I remember seeing it discussed here that selling puts isn't the same as selling calls when it comes to being tied to the underlying stock. When you sell a put, it's secured by the cash needed to buy the shares. It's not secured by the shares you already own.Talon2DSO said:
I want the premium for my shares. I thought if I bought the put, I'd be on the hook for the shares but selling the put would make the shares available should the price be less than the strike on expiration
correct.tsuag10 said:Ok, I'm gonna take another stab at the risk of being wrong again. I think I remember seeing it discussed here that selling puts isn't the same as selling calls when it comes to being tied to the underlying stock. When you sell a put, it's secured by the cash needed to buy the shares. It's not secured by the shares you already own.Talon2DSO said:
I want the premium for my shares. I thought if I bought the put, I'd be on the hook for the shares but selling the put would make the shares available should the price be less than the strike on expiration
Someone more well versed in this than me can add or correct me.
That's correct, and you'll have to keep enough cash in your account to cover the put. Your broker will lock those funds until the contract is closed.tsuag10 said:Ok, I'm gonna take another stab at the risk of being wrong again. I think I remember seeing it discussed here that selling puts isn't the same as selling calls when it comes to being tied to the underlying stock. When you sell a put, it's secured by the cash needed to buy the shares. It's not secured by the shares you already own.Talon2DSO said:
I want the premium for my shares. I thought if I bought the put, I'd be on the hook for the shares but selling the put would make the shares available should the price be less than the strike on expiration
Someone more well versed in this than me can add or correct me.
Either that, or kiss it goodbye.$30,000 Millionaire said:
attempt 2 pushed back. third time the charm?
i'm going with buh bye. really overcooked here.McInnis 03 said:Either that, or kiss it goodbye.$30,000 Millionaire said:
attempt 2 pushed back. third time the charm?
Think they're going to do it AH and we may have a gap and go on our hands tomorrow$30,000 Millionaire said:
rejection at 3980. may take a few pushes to go through.
any 80% of my portfolio is 8% down...lolLa Bamba said:
VIX is up, 10 yr yield is up and SPY is up.
Whaa?
just got home from workjimmo said:
$INVU
ShadowTrader posted short video re: INVU
BTC play
interesting take
ShadowTrader
(I own zero shares of INVU)
jimmo said:just got home from workjimmo said:
$INVU
ShadowTrader posted short video re: INVU
BTC play
interesting take
ShadowTrader
(I own zero shares of INVU)
INVU shot up 130%
hope somebody got in on it - I didn't lol
Check out that P/E ratio though. It broke my calculator.Irish 2.0 said:
Your next Wall St. Bets darling!
Good day, IMO. We gapped down then traded down at open which was to be expected given the Friday close. We tested the top of my Fib as support and it held. I still don't think we break 4K this week but I'm happy with the first day of the week. Barring bad news somewhere i expect another ~20 points up on the S&P to end the week just under 4K.LOYAL AG said:Update from last week's post above. I'm still referencing the Fib I drew about five weeks ago that stretches from late October lows to what at the time was the ATH on 2/16. This is relevant until we establish a pattern either way with regard to 2/16. A brief recap of my thoughts each week since the beginning of March had me feeling good about what was effectively a Doji the week of 3/5. Going into 3/12 I was expecting a small gap down and a small green for the week and instead got a flat Monday open and a large green week. With that backdrop I'm not real surprised the week of 3/19 was a mildly negative week, it was a retrace of the large week prior. Well that and price manipulation from quad witching. That brings me to last week.LOYAL AG said:
Bullish. I think this past week was a result of quad witching as much as anything. Most of what I was in was having a good Friday/week until it was time to pin and shake out the suckers. Take a look at INTC over the final two hours of the day for a prime example. It approached $65 multiple times before cratering to close to $64 then ultimately closing slightly below $64. Why? Both of those had volume over 30k and no other strike was close. I think we saw a lot of prices "held down" through Friday close. Tomorrow I'll post a week S&P500 with the Fib I keep referencing. We've been dancing around that 2/16 high for several weeks but to me the trend keeps looking bullish. IMO had this week not been 3/19 we'd have seen a rally away from that level.
Edit: SP from mobile. Not as easy to read but I don't see this as a bearish chart. We retraced a bit from the big week of 3/12.
Reminder this is a weekly chart. Right now I'm feeling like I got confirmation of my bullish perspective heading into last week. It is worth noting that the week wasn't particularly bullish until Friday PM and the furious close but still from a weekly perspective this looks bullish to me. We had a substantial move past that 3947 level we've been tethered to the prior five weeks. I think this coming week we're going to see a much smaller but still green candle as we bump up against the psychological barrier of 4000 but fail to break through this week. My guess is we close around 3990 for the week.