Ok, so why is it called a model T? Maybe I didn't read far enough to find the explanation

Irish 2.0 said:

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Added some 4/30 QQQ 338P here for a hedge. 340 is giving the QQQ fits. If it breaks and builds above 340, I'll dump them

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Closed these

Irish 2.0 said:

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Irish 2.0 said:

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Added some 4/30 QQQ 338P here for a hedge. 340 is giving the QQQ fits. If it breaks and builds above 340, I'll dump them

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Closed these

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What did you see that made you close?

Order flow and the move on the 60min candle reclaiming multiple levels

Sold weekly SPY 415C here. Kept 1 runner.

Irish 2.0 said:

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Order flow and the move on the 60min candle reclaiming multiple levels

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You use a DOM?

I think TSLA could hit 775 this week.

Aggiesincebirth said:

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Just saw what I did in February and realized I sold calls on my $5 cost basis WWR at the August $15 strike for $3.20 when the stock was running... Bought them back today for 93% gain reduced my cost basis to $2/share.

Unreal what I learned here.

Now my question becomes:

If I used the proceeds to buy more shares when it fell, does that make my cost basis even lower? I wasn't sure how often people use covered call money to buy more shares and how that affects your basis.

This is in my retirement account so not worried about tax purposes. Just wondering how my basis is affected.

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I'm wondering about this too. I'm guessing premium is not really reducing your basis on the stock for tax purposes. It's just a mental/psychological way of tracking it for trading strategy considerations. Premium would be taxed as income separately from the stock transactions. ***Pure guess on my part. So if anyone actually knows, please share your non-expert completely free from any and all liability experience in this matter.

RenoAg said:

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Aggiesincebirth said:

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Just saw what I did in February and realized I sold calls on my $5 cost basis WWR at the August $15 strike for $3.20 when the stock was running... Bought them back today for 93% gain reduced my cost basis to $2/share.

Unreal what I learned here.

Now my question becomes:

If I used the proceeds to buy more shares when it fell, does that make my cost basis even lower? I wasn't sure how often people use covered call money to buy more shares and how that affects your basis.

This is in my retirement account so not worried about tax purposes. Just wondering how my basis is affected.

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I'm wondering about this too. I'm guessing premium is not really reducing your basis on the stock for tax purposes. It's just a mental/psychological way of tracking it for trading strategy considerations. Premium would be taxed as income separately from the stock transactions. ***Pure guess on my part. So if anyone actually knows, please share your non-expert completely free from any and all liability experience in this matter.

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Premium collected is capital gains. Your costs basis calculation is manual. If you reinvest the premium it is a new transaction.

FJ43 said:

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WWR at 4.59. Think we get some resistance around 4.65ish zone.

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Agree with 4.65 resistance. I am looking at market profile on hourly time frame, and once it clears 4.65/4.66 area, there is a gap (no volume) until (4.78-4.82). Next gap up begins around 5.07 and goes to 5.18. 4.53-4.62 has decent volume that for support to base off of for next leg up. Lower support has lots of volume around 4.45. Chart looks ready to run a bit.

AMD, NVDA, and MU continue to fall over the last week.

Anyone have a read on why?

Likely only because I bought AMD again. I need to stop purchasing off my **** list.

No actual clue why AMD is dropping other than dropping along NVDA. NVDA likely dropped from issues with the ARM deal from UK gov?

cptthunder said:

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Just decided to take my win on the NIO calls while probably leaving a good amount on the table but dang i needed a solid win and it feels good

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Yes, I got out also and left some on the table. In at 1.98 and out at 3.00. Feels good to get a win!

SPY 4/30 422C. 1.3MM at .82

Fruit meting up right into a volume spike on 1 Min

FJ43 said:

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WWR 100k volume spike on 1 Min

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has the WWR presentation for today already happened, or is that later today?

Irish 2.0 said:

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SPY 4/30 422C. 1.3MM at .82

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Check out the 71K calendar put spreads........Jun 340p / Dec 370p - They're credit spreads.

I got in --

PENN @ 2.35

FCEL @ 1.20

Guess I missed the Target for these???

Thanks

KT 90 said:

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FJ43 said:

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WWR 100k volume spike on 1 Min

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has the WWR presentation for today already happened, or is that later today?

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I believe currently on going. Started at 11:00 CT

PWestAg18 said:

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KT 90 said:

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FJ43 said:

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WWR 100k volume spike on 1 Min

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has the WWR presentation for today already happened, or is that later today?

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I believe currently on going. Started at 11:00 CT

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To access the live presentation, please use the following information:
Planet MicroCap Showcase: VIRTUAL 2021
Date: Thursday, April 22, 2021
Time: 12:00 PM Eastern Time (9:00 AM Pacific Time)

Webcast: https://www.webcaster4.com/Webcast/Page/2059/40749

Wes****er Resources (NYSE American: WWR) is focused on developing battery-grade graphite. The Company's projects include the Coosa Graphite Project the most advanced natural flake graphite project in the contiguous United States and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama.
If you would like to book 1-on-1 investor meetings with Wes****er Resources and/or watch the Wes****er Resources presentation, please make sure you are registered for the virtual event here: https://planetmicrocapshowcase.com/signup.

1-on-1 meetings will be scheduled and conducted via private, secure video conference through the conference event platform.

The Planet MicroCap Showcase: VIRTUAL website is available here: https://planetmicrocapshowcase.com/. If you can't attend the live presentation, all Company presentations ("webcasts") will be available directly on the conference event platform on this link under the tab "Agenda": https://planetmicrocapshowcase.com/agenda

About Wes****er Resources
Wes****er Resources (NYSE American: WWR) is focused on developing battery-grade graphite. The Company's projects include the Coosa Graphite Project the most advanced natural flake graphite project in the contiguous United States and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. For more information, visit www.wes****erresources.net.

https://www.businesswire.com/news/home/20210419005249/en/Wes****er-Resources-to-Present-at-the-Planet-MicroCap-Showcase-VIRTUAL-on-Thursday-April-22-2021

BIDU about to do something? Victim from Hwang's blow up.

CrazyRichAggie said:

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Is this the calm before the storm...

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The lower macro volume has me a little cautious, but that morning SPY slide bouncing off the 5-day is really nice.

FJ43 said:

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WWR 100k volume spike on 1 Min

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I went "all in" for my trading account after that W confirmed this morning. If we get to that 20day I'm selling these additional calls and shares. A bit overextended here.

$30,000 Millionaire said:

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I think TSLA could hit 775 this week.

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thought being?

There's a pivot right around there as well as the upper BB. Besides that there's no obvious support levels above the current price. I still think 780 by tomorrow.

Check out that SPY and Q 1 Min dump

Biden Cap gains tax proposal is pulling the market

It'll never pass

Did JP just speak or something?

FJ43 said:

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Check out that SPY and Q 1 Min dump

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