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$30,000 Millionaire
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12:24p, 4/15/21
AG
$WWR

Please take note of the daily volume that has continued to decline for two weeks. It's touching -2 ATR here, I doubt it goes much lower.

You don’t trade for money, you trade for freedom.
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In reply to Michael Cera Palin • 12:27p, 4/15/21
AG
PWestAg18 said:
Tomas Hermensa said:
Aggie_2463 said:
$4.49 WWR scooped some shares

I scoped a ****-ton* of May$2.5C for under $2.10. I think the risk is relatively low, May close at $4.00 would only lower the value to $1.50 for these, but there is real upside that these run to $3.50-$4.00.


* highly technical professional trader term for a lot. Also equal to two butt loads.


Is it a metric ****-ton or Imperial/English ****-ton?
I just did 20 @ 2.01
You don’t trade for money, you trade for freedom.
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tsuag10
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12:28p, 4/15/21
AG
Anyone adding any SPY or QQQ puts here?
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bmoochie
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In reply to $30,000 Millionaire • 12:29p, 4/15/21
AG
Help me understand the Strategy of buying ITM calls? I sold covered calls at $7.50 and understand why that makes sense but I don't quite follow the ITM call strategy?
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sblade
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In reply to Bob Knights Paper Hands • 12:30p, 4/15/21
AG
Tomas Hermensa said:
Aggie_2463 said:
$4.49 WWR scooped some shares

I scoped a ****-ton* of May$2.5C for under $2.10. I think the risk is relatively low, May close at $4.00 would only lower the value to $1.50 for these, but there is real upside that these run to $3.50-$4.00.


* highly technical professional trader term for a lot. Also equal to two butt loads.

You can buy August 2.5C for under $2.20.
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irish pete ag06
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In reply to aggiedaniel06 • 12:33p, 4/15/21
AG
Thanks for the insights.
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HoustonAg2014
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In reply to gigemJTH12 • 12:33p, 4/15/21
AG
gigemJTH12 said:
Aggiesincebirth said:
WWR now heading for the $3s. Are all the people talking about mass accumulation still buying? This is hard to watch
"the people" being OA?

coming on this board and doubting OA??? should work out fine!


I'm not doubting just asking the question. I wasn't sure if anything had changed. I've been watching it for months and $5 seemed like the base. The last few days of $4.80 and when it touched sub $4.40 made me wonder what was going on.

Sorry if that came off as condescending I didn't mean it like that just wondering where people stood.
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FJ43
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12:34p, 4/15/21

Look at the volume on your plays. My guess is majority are low volume not some huge selloffs.

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gigemJTH12
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In reply to HoustonAg2014 • 12:34p, 4/15/21
AG
I was just messing with you man
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McKinney Ag69
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12:37p, 4/15/21
AG
DPW hit 2.50. Probably stopped out a lot of people lol. Institutions are trying to destroy a lot of retail investors right now to scoop up shares on the cheap before the rebound.
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OutlawAG04
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In reply to $30,000 Millionaire • 12:37p, 4/15/21
$30,000 Millionaire said:
PWestAg18 said:
Tomas Hermensa said:
Aggie_2463 said:
$4.49 WWR scooped some shares

I scoped a ****-ton* of May$2.5C for under $2.10. I think the risk is relatively low, May close at $4.00 would only lower the value to $1.50 for these, but there is real upside that these run to $3.50-$4.00.


* highly technical professional trader term for a lot. Also equal to two butt loads.


Is it a metric ****-ton or Imperial/English ****-ton?
I just did 20 @ 2.01


Is the thought to except use these if they are essentially losing money because that would still give you a $4.51 entry?
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FJ43
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12:41p, 4/15/21

WWR

Will history repeat?

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Michael Cera Palin
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12:42p, 4/15/21
AG
UWMC out of nowhere
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$30,000 Millionaire
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In reply to bmoochie • 12:42p, 4/15/21
AG
bmoochie said:
Help me understand the Strategy of buying ITM calls? I sold covered calls at $7.50 and understand why that makes sense but I don't quite follow the ITM call strategy?
you benefit from the movement in the share price without extremely high theta decay. These options have intrinsic value (share price - strike price) + extrinsic value (premium). So because I bought 20 may 2.5 call options at $2.01, that means that for every dollar WWR moves above $4.51, the option value will increase by AT LEAST the intrinsic value.

Playing it out hypothetically and assuming I hold WWR to expiration:

  • WWR hits $5.50: my profit per contract will be $5.50 (current share price) - $2.5 (strike price) - $2.01 (cost of option) = $0.99. If you multiply that by the 20 contracts I bought, that would be a profit of $1,980 on a net total risk of $4040
  • WWR closes at $4: my loss per contract will be $4 (share price) - $2.5 (strike price) - $2.01 (cost per option) = $0.51. Multiplying by 20, that's $1020 loss.

You have the option of selling the option or exercising the option to take the shares. So let's also do a third example, which is WWR goes to 10. I could then buy the shares at that point for $4.51 (strike + premium paid), which would be double the money. I could probably turn around at that point and sell the 7.5C for $3.50, which would either net me an additional $1 in profit, same as if it goes to $11 or would lower my cost basis to $3.51 if it closed at $7.50 or below.
You don’t trade for money, you trade for freedom.
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Triple_Bagger
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In reply to gigemJTH12 • 12:47p, 4/15/21
gigemJTH12 said:
Aggiesincebirth said:
WWR now heading for the $3s. Are all the people talking about mass accumulation still buying? This is hard to watch
"the people" being OA?

coming on this board and doubting OA??? should work out fine!
Doubting OA will get you 10 years bad luck
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In reply to Triple_Bagger • 12:51p, 4/15/21
AG
Double_Bagger said:
gigemJTH12 said:
Aggiesincebirth said:
WWR now heading for the $3s. Are all the people talking about mass accumulation still buying? This is hard to watch
"the people" being OA?

coming on this board and doubting OA??? should work out fine!
Doubting OA will get you 10 years bad luck
Just to this point - no trader is 100% on their win rate. Even 65% is good. I would not make it a policy to fade his trades. If you don't agree, don't do it.

My basis on WWR at this point has got to be like $1.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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12:52p, 4/15/21
AG
p.s. now is a good time to get into PLTR.

why: daily squeeze, below the mean, consolidation within a tight range.
You don’t trade for money, you trade for freedom.
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tsuag10
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In reply to Michael Cera Palin • 12:52p, 4/15/21
AG
PWestAg18 said:
UWMC out of nowhere



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$30,000 Millionaire
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12:55p, 4/15/21
AG
By the way, since AggieDaniel is here hating on the small caps

I'd like to hear his macro thoughts on the next 2-3 months. I think grind up and then barf in June. i also think small caps will confirm the rally after large caps.
You don’t trade for money, you trade for freedom.
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12:57p, 4/15/21
AG
McInnis - I just won't do it re: futures. I have lost my ass every time I've tried.
You don’t trade for money, you trade for freedom.
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FJ43
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In reply to FJ43 • 12:59p, 4/15/21
FJ43 said:

Will ROKU see 390.20 today?
Ping. Come on ROKU !!!
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cageybee77
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1:00p, 4/15/21
AG
Daytrading LPX - this is fun when it works. Lol
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FJ43
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In reply to FJ43 • 1:03p, 4/15/21
FJ43 said:
FJ43 said:

Will ROKU see 390.20 today?
Ping. Come on ROKU !!!
Will ROKU see 393.91 today?
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Socialism Sucks
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1:05p, 4/15/21
AG
RDFN over $69
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jimmo
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In reply to $30,000 Millionaire • 1:05p, 4/15/21
$30,000 Millionaire said:
PWestAg18 said:
Tomas Hermensa said:
Aggie_2463 said:
$4.49 WWR scooped some shares

I scoped a ****-ton* of May$2.5C for under $2.10. I think the risk is relatively low, May close at $4.00 would only lower the value to $1.50 for these, but there is real upside that these run to $3.50-$4.00.


* highly technical professional trader term for a lot. Also equal to two butt loads.


Is it a metric ****-ton or Imperial/English ****-ton?
I just did 20 @ 2.01
followed along in the <cough> simulator
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cageybee77
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1:06p, 4/15/21
AG
Ok. I broke down and bought some PLTR. I had to re-choke down some of my lunch - but let's see what happens
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Irish 2.0
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In reply to Irish 2.0 • 1:09p, 4/15/21
Irish 2.0 said:
Agvet12 said:
Irish 2.0 said:
Grabbed a little ROKU 5/21 400C at 21.3 off the 5DMA


Ouch ... how much pain are you withstanding or did you scalp in the move right before the COIN ipo launch
Sold these at 22. I'll get them back later into strength
****ing idiot Irish...
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FTAG 2000
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In reply to cageybee77 • 1:16p, 4/15/21
AG
cageybee77 said:
Daytrading LPX - this is fun when it works. Lol
I'm in the May $70 calls. Been grinding up.
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cageybee77
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In reply to cageybee77 • 1:18p, 4/15/21
AG
I'm the kiss of death on that one - back out.

.....and it goes back up.... I guess I'm not sposed to own it today.
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bmoochie
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In reply to $30,000 Millionaire • 1:21p, 4/15/21
AG
$30,000 Millionaire said:
bmoochie said:
Help me understand the Strategy of buying ITM calls? I sold covered calls at $7.50 and understand why that makes sense but I don't quite follow the ITM call strategy?
you benefit from the movement in the share price without extremely high theta decay. These options have intrinsic value (share price - strike price) + extrinsic value (premium). So because I bought 20 may 2.5 call options at $2.01, that means that for every dollar WWR moves above $4.51, the option value will increase by AT LEAST the intrinsic value.

Playing it out hypothetically and assuming I hold WWR to expiration:

  • WWR hits $5.50: my profit per contract will be $5.50 (current share price) - $2.5 (strike price) - $2.01 (cost of option) = $0.99. If you multiply that by the 20 contracts I bought, that would be a profit of $1,980 on a net total risk of $4040
  • WWR closes at $4: my loss per contract will be $4 (share price) - $2.5 (strike price) - $2.01 (cost per option) = $0.51. Multiplying by 20, that's $1020 loss.

You have the option of selling the option or exercising the option to take the shares. So let's also do a third example, which is WWR goes to 10. I could then buy the shares at that point for $4.51 (strike + premium paid), which would be double the money. I could probably turn around at that point and sell the 7.5C for $3.50, which would either net me an additional $1 in profit, same as if it goes to $11 or would lower my cost basis to $3.51 if it closed at $7.50 or below.


Thank you for this, I appreciate you taking the time to explain to me (and I'm sure others for that matter). This type of info is worth the price of admission by itself if they did it that way.
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cageybee77
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In reply to FTAG 2000 • 1:21p, 4/15/21
AG
Sort of poetic that it goes up in a chain-saw like pattern.
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FJ43
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1:30p, 4/15/21
Irish you taking another bite at ROKU 5/21 400s here?
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McInnis 03
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In reply to $30,000 Millionaire • 1:32p, 4/15/21
AG
$30,000 Millionaire said:
McInnis - I just won't do it re: futures. I have lost my ass every time I've tried.
What was the failure?

In my paper trading, I'm noticing my trailing stop is the cause of my losses.......the index goes on a stop run and I get tagged out. It's early though.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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Irish 2.0
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In reply to FJ43 • 1:32p, 4/15/21
FJ43 said:
Irish you taking another bite at ROKU 5/21 400s here?
Not yet. I want to see what it does at 397 first
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FJ43
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In reply to Irish 2.0 • 1:34p, 4/15/21
Irish 2.0 said:
FJ43 said:
Irish you taking another bite at ROKU 5/21 400s here?
Not yet. I want to see what it does at 397 first
Gotcha. I am still holding the 4/30 400s. Up 20% and thought about rolling them out.
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