That NVDA tho.

Been accumulating stock on drops over the course of the last year or so.. today feels good.

$WWR

Volume over 1400 for both the 4/16 7.5P & the 8/20 7.5P

Hmmmmmmm.......

I watched the server chip announcement and knew how big of news that it was and still didn't buy any weeklies

FJ43 said:

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Irish 2.0 said:

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Ags2013 said:

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Irish 2.0 said:

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Ags2013 said:

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Irish 2.0 said:

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Ags2013 said:

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So SPY is down 0.17% and I'm down 5.10%. That's cool. That's cool.

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You trading options I assume?

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Nope. Shares only.

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Damn. What are you holding? It doesn't sound like you're holding much that is actually in the S&P.

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BETZ, ARKX, FUBO, XLK, AAPL, DNN, WWR, MBIO, CLOV, PHUN, SINO, DPW, BRQS

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WAY WAY WAY WAY WAY too much exposure in speculative MOMO stocks. Are you actively trading or is this something you look at when you've got a few extra minutes here and there?

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This.

I think many of these situations are not necessarily having the/a position in these as much as it is the position size that is hurting. A little for upside potential is OK in my opinion. Banking on them is dangerous to a portfolio.

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I've been working on balancing my portfolio more after seeing what happened in March.

What do you think is suitable overall for allocation of the portfolio in speculative / growth stocks like these?

I've tried to get everything down to 1% of portfolio but also staring at the overall balance and asking myself "what's healthy?"

jwhitlock3 said:

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Jet Black said:

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I'd dump everyone of those but apple.

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Based on what? Continued downturn in the next week or two? No chance of a BTC run to salvage anything? Some legislation coming that makes materials plays like DNN and WWR invalid? Seems like a broad generalization to dump all names except Apple unless your time horizon is less than 2 weeks.

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And don't sell XLK.

ibdm98 said:

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$WWR

Volume over 1400 for both the 4/16 7.5P & the 8/20 7.5P

Hmmmmmmm.......

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Had some covered 7.5c fill for 4/16 too. Someone priming for a run this week?

AG 2000' said:

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FJ43 said:

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Irish 2.0 said:

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Ags2013 said:

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Irish 2.0 said:

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Ags2013 said:

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Irish 2.0 said:

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Ags2013 said:

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So SPY is down 0.17% and I'm down 5.10%. That's cool. That's cool.

---

You trading options I assume?

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Nope. Shares only.

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Damn. What are you holding? It doesn't sound like you're holding much that is actually in the S&P.

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BETZ, ARKX, FUBO, XLK, AAPL, DNN, WWR, MBIO, CLOV, PHUN, SINO, DPW, BRQS

---

WAY WAY WAY WAY WAY too much exposure in speculative MOMO stocks. Are you actively trading or is this something you look at when you've got a few extra minutes here and there?

---

This.

I think many of these situations are not necessarily having the/a position in these as much as it is the position size that is hurting. A little for upside potential is OK in my opinion. Banking on them is dangerous to a portfolio.

---

I've been working on balancing my portfolio more after seeing what happened in March.

What do you think is suitable overall for allocation of the portfolio in speculative / growth stocks like these?

I've tried to get everything down to 1% of portfolio but also staring at the overall balance and asking myself "what's healthy?"

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Whatever percentage you're okay with going to zero

cisgenderedAggie said:

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ibdm98 said:

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$WWR

Volume over 1400 for both the 4/16 7.5P & the 8/20 7.5P

Hmmmmmmm.......

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Had some covered 7.5c fill for 4/16 too. Someone priming for a run this week?

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What did you get them filled at?! I see the bid ask is like $0.01.

0.05. I just stuck the sell out at market hoping to capture stupid premium.

cisgenderedAggie said:

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0.05. I just stuck the sell out at market hoping to capture stupid premium.

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Wow I did not expect you saying that. Very interesting

The volume and OI on CLOV May calls for $10 and 12.5 is pretty high as well

XLK is actually really solid for selling covered calls against.



By my calculation, that's 1% in premium on a weekly option that is two strikes up. If you did a buy write, you would either own for 139.50 or you would sell for $2.42/share in profit for a weekly.

PLTR trying to make a bottom at ~ 23$
??
or maybe a bear flag perhaps

Man that's a lot of volume on the 4/16 TSLA 720s.

FJ43 said:

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Man that's a lot of volume on the 4/16 TSLA 720s.

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I think TSLA sees over $720 this week. $718 is the macro move

CrazyRichAggie said:

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Irish 2.0 said:

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Ags2013 said:

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So SPY is down 0.17% and I'm down 5.10%. That's cool. That's cool.

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You trading options I assume?

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Or half his portfolio is CLOV and PLTR....raises hand..

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and WWR, TLRY and DPW
LOL

glad I bailed on OSTK on friday.

FJ43 said:

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Man that's a lot of volume on the 4/16 TSLA 720s.

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I feel like it really wants to go....this OPEX nonsense is holding it back.

Irish 2.0 said:

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FJ43 said:

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Man that's a lot of volume on the 4/16 TSLA 720s.

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I think TSLA sees over $720 this week. $718 is the macro move

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I grabbed a couple at $8.20 for the ride. Think this captures the 100 SMA today which may help be in business.

OH MY.

$30,000 Millionaire said:

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I haven't done one of my PSAs in a while, but here goes:

I think each of us has about a month to take a hard look at our portfolio and right size it for an inevitable large correction downwards that could start as soon as June, but likely is more of a July/August thing. I believe we will go up at least through early May.

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Yep, I'm going to look to pare stuff back more in May, especially on some of these highly volatile stocks. I have significant realized gains for 2021 right now anyways and so taking some loss wouldn't kill me

jimmo said:

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PLTR trying to make a bottom at ~ 23$
??
or maybe a bear flag perhaps

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hey
it's alive?

RigsTx said:

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So as another poster said earlier, I am a little too heavily invested in MOMO stocks and I want to pare down the portfolio sooner rather than later especially based on 30k's prediction.

What would the recommendation be on waiting and see if we have a little bit of a runup over the next few weeks or start cutting bait now and just take the L?

I'm definitely bag holding on a few of these right now, but if a larger correction is coming I don't want to hold too long.

This would also give me a way to reallocate into a more balanced portfolio.

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Without knowing which ones you are bagholding on it is hard to say. Especially since so many are PR driven. You can always sell covered calls against the position for some cash flow and to reduce yuor cost average.

this week is going to be like a -3% loss for me with some stuff at max loss. I generally don't do so hot on OPEX weeks anyway, so I am basically just collecting some theta and getting ready to resell covered calls.

$30,000 Millionaire said:

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this week is going to be like a -3% loss for me with some stuff at max loss. I generally don't do so hot on OPEX weeks anyway, so I am basically just collecting some theta and getting ready to resell covered calls.

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I'm looking at the MVIS $15 Apr covered call, can still get $0.35-$0.40 for it

RigsTx said:

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So as another poster said earlier, I am a little too heavily invested in MOMO stocks and I want to pare down the portfolio sooner rather than later especially based on 30k's prediction.

What would the recommendation be on waiting and see if we have a little bit of a runup over the next few weeks or start cutting bait now and just take the L?

I'm definitely bag holding on a few of these right now, but if a larger correction is coming I don't want to hold too long.

This would also give me a way to reallocate into a more balanced portfolio.

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What was his prediction?

RigsTx said:

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So as another poster said earlier, I am a little too heavily invested in MOMO stocks and I want to pare down the portfolio sooner rather than later especially based on 30k's prediction.

What would the recommendation be on waiting and see if we have a little bit of a runup over the next few weeks or start cutting bait now and just take the L?

I'm definitely bag holding on a few of these right now, but if a larger correction is coming I don't want to hold too long.

This would also give me a way to reallocate into a more balanced portfolio.

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I'm still pretty new to this, but some initial thoughts that others will probably have way more to say on:

I would wait until after this week with it being options expiration, but then start grinding hard.

Map out the positions you are looking to get out of against earnings coming up. The majority of what you're in should (emphasis on should) have earnings coming up in the next four weeks. It's not a sure thing but one of the trading axioms is these will get some sort of a bump approaching earnings.

I'd also set up news alerts and definitely price alerts on your stocks. Figure out what you're good with taking the L on from a percentage basis, then set up alerts based off that. Could also set the sell prices at those, but I've gotten bit a time or two doing that, so set up price alerts. One hits, then figure out why the price alert hit and what it means for the price (i.e., going to keep running or not), then trade / exit based on that.

Covered calls can bring down your cost basis as well, but as noted, the clock's ticking and you don't want to get stuck on not being able to trade out due to calls (or face having to buy them back at a loss to exit).