Ragoo said:

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wanderer said:

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Ragoo said:

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$30,000 Millionaire said:

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also going to short wayfair. the premium is so high that you either need to use shares, sell call credits or use a put debit spread.

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$MARA 5/21 $35/$20 put credit spread is stupid money IMO

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Why even mess with a spread when selling a May $20p only gains you .50?

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you sell the $35 and buy the $20.

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AG 2000' said:

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Ragoo said:

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wanderer said:

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Ragoo said:

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$30,000 Millionaire said:

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also going to short wayfair. the premium is so high that you either need to use shares, sell call credits or use a put debit spread.

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$MARA 5/21 $35/$20 put credit spread is stupid money IMO

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Why even mess with a spread when selling a May $20p only gains you .50?

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you sell the $35 and buy the $20.

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Can you unpack this trade in more detail please?

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$30,000 Millionaire said:

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ag94whoop said:

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was today the last bull day for a while or is there a decent chance this continues into tomorrow?

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today was quarter end. let's see what tomorrow brings. are you bearish?

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Ragoo said:

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AG 2000' said:

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Ragoo said:

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wanderer said:

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Ragoo said:

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$30,000 Millionaire said:

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also going to short wayfair. the premium is so high that you either need to use shares, sell call credits or use a put debit spread.

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$MARA 5/21 $35/$20 put credit spread is stupid money IMO

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Why even mess with a spread when selling a May $20p only gains you .50?

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you sell the $35 and buy the $20.

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Can you unpack this trade in more detail please?

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McInnis 03 said:

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AG 2000' said:

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Ragoo said:

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wanderer said:

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Ragoo said:

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$30,000 Millionaire said:

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also going to short wayfair. the premium is so high that you either need to use shares, sell call credits or use a put debit spread.

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$MARA 5/21 $35/$20 put credit spread is stupid money IMO

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Why even mess with a spread when selling a May $20p only gains you .50?

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you sell the $35 and buy the $20.

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Can you unpack this trade in more detail please?

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Forgive me for jumping in to answer but I think I can detail this one....

A put credit spread is a BULLISH play on an equity. In this case, MARA is trading at $47-$48......the trade in question is a SALE of the $35p and a BUY of the $20p. This trade is put on for a CREDIT, meaning you'll take money INTO your account to step into this position.

Part 1) The sale of the $35p makes you short the put and the cash to secure this transaction is $3500 per contract. On this play you're hoping that the equity stays ABOVE $35 at time of expiration.

Part 2) The purchase of the $20p gives you protection from something severe happening......also lessens your cash burden. By purchasing the $20p, you take $2000 away from your responsibility per contract at a cost of (in this case) only $.50. So for $50 your buying power increases by $2000. Also, if something catastrophic were to happen to the stock, say it goes to $15....you take ownership at $35/sh but you can sell it away at $20/sh with your protection.

Anyways, this is a bullish play on an equity where you're going short on the put (means you'll take ownership at the short strike if the price goes below); however, you're buying protection in the form of a further out-of-the-money put (in this case the $20 strike).

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Irish 2.0 said:

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Fightin_Aggie said:

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NRD09 said:

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You mean congrats mvis players...

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How is mvis involved?

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Microsoft is a customer

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Ragoo said:

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McInnis 03 said:

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AG 2000' said:

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Ragoo said:

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wanderer said:

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Ragoo said:

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$30,000 Millionaire said:

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also going to short wayfair. the premium is so high that you either need to use shares, sell call credits or use a put debit spread.

---

$MARA 5/21 $35/$20 put credit spread is stupid money IMO

---

Why even mess with a spread when selling a May $20p only gains you .50?

---

you sell the $35 and buy the $20.

---

Can you unpack this trade in more detail please?

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Forgive me for jumping in to answer but I think I can detail this one....

A put credit spread is a BULLISH play on an equity. In this case, MARA is trading at $47-$48......the trade in question is a SALE of the $35p and a BUY of the $20p. This trade is put on for a CREDIT, meaning you'll take money INTO your account to step into this position.

Part 1) The sale of the $35p makes you short the put and the cash to secure this transaction is $3500 per contract. On this play you're hoping that the equity stays ABOVE $35 at time of expiration.

Part 2) The purchase of the $20p gives you protection from something severe happening......also lessens your cash burden. By purchasing the $20p, you take $2000 away from your responsibility per contract at a cost of (in this case) only $.50. So for $50 your buying power increases by $2000. Also, if something catastrophic were to happen to the stock, say it goes to $15....you take ownership at $35/sh but you can sell it away at $20/sh with your protection.

Anyways, this is a bullish play on an equity where you're going short on the put (means you'll take ownership at the short strike if the price goes below); however, you're buying protection in the form of a further out-of-the-money put (in this case the $20 strike).

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IMO, you buy the $20p for the cash reason only

If you sell a put you better have the mindset you are OK being assigned there or better just buying the contracts back at whatever price if the trade goes against you. You don't have to take assignment.

Otherwise just let it run it's course.

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AG 2000' said:

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Ragoo said:

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AG 2000' said:

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Ragoo said:

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wanderer said:

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Ragoo said:

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$30,000 Millionaire said:

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also going to short wayfair. the premium is so high that you either need to use shares, sell call credits or use a put debit spread.

---

$MARA 5/21 $35/$20 put credit spread is stupid money IMO

---

Why even mess with a spread when selling a May $20p only gains you .50?

---

you sell the $35 and buy the $20.

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Can you unpack this trade in more detail please?

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I understand the sell / buy part of it, but what's the strategy / payoff, and upside/downside?

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McInnis 03 said:

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FJ43 said:

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So what does tomorrow look like?

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Quote:

---

Latest Update:03/30/2021 12:51 PM ET
CUTOFF DATE: 04/07/2021 7:00 PM ET
EXPIRATION DATE: 04/08/2021 1:00 PM ET
*** This offer is for holders electing to exercise for common stock. ***

ION Geophysical Corporation has announced a non-transferable rights offering
for the holders of their common shares.

You received (1) right for every (1) share you held as of the record date,
03/22/2021.

Each right will entitle a holder to purchase the following:

(i) a principal amount of 8.00% Senior Secured Second Priority Convertible
Notes due 2025 equal to $50,000,000 divided by the number of shares of
the company's common stock outstanding as of the record date, at a
purchase price of 100% of the principal amount thereof.
or:

(ii) a number of shares of common stock equal to $50,000,000 divided by
the purchase price of $2.57 per share divided by the number of shares of
the company's common stock outstanding as of the record date, at a
purchase price of $2.57 per whole share of common stock.

If you exercise all of your allocated rights, you have the opportunity to
oversubscribe for additional shares, subject to availability and proration.

Holders should note that notes will only be issued in minimum increments of
$1,000 and any exercise of rights therefor will be rounded down to the nearest
whole increment of $1,000 and any shares of common stock will only be issued in
whole numbers of shares with any fractional shares of common stock rounded
down to the nearest whole share.

Pursuant to the terms of this rights offering, the rights may be exercised for
a maximum of $52,500,000 of notes and common stock.

---

Mostly Foggy Recollection said:

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Probably a red day to kick off Q2 and finish the week.

Last day of quarters are typically green and first day of quarters are usually red.

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Mostly Foggy Recollection said:

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Interesting to see how it shakes out. I still lean red.

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Mostly Foggy Recollection said:

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Probably a red day to kick off Q2 and finish the week.

Last day of quarters are typically green and first day of quarters are usually red.

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Agsrback12 said:

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Is MBIO done?

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