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FJ43
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10:54a, 5/7/21

Anyone else having trouble with Twitter today?
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FJ43
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10:55a, 5/7/21

Taking a try on an AMZN lotto.

This is all or nothing.

5/7 3350. Entry 1.61
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SF2004
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10:58a, 5/7/21
AG
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
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tlepoC
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In reply to SF2004 • 10:59a, 5/7/21
AG
That worked great for me until it didn't. The whims of the overall market can screw you quickly.
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BubbleBoyB
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In reply to Lavender Gooms • 11:02a, 5/7/21
AG
Lavender Gooms said:
Who broke IMMR?!?!
Is IMMR one of OA's stocks? I may jump in. I think they just released earnings though
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FJ43
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In reply to SF2004 • 11:05a, 5/7/21
SF2004 said:
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
As long as you have clearly identified levels, are patient on entry, honor stops and don't get greedy on exit you can do just fine. Skip any of those and not so much.
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Chef Elko
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In reply to FTAG 2000 • 11:07a, 5/7/21
AG
Ok I gotcha. I'm not familiar with any of the agricultural supply chain issues, I'll have to read up!
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deadbq03
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In reply to SF2004 • 11:07a, 5/7/21
AG
SF2004 said:
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
I too am tired of keeping up with individuals and I took a beating in March.

Since early April I've been doing wheel strategy on a few reliables and buying calls on Index ETFs and/or equity on their leveraged counterparts - being very picky about entry and exit (I just got out of the QQQ calls I accumulated yesterday and the day prior). I've done well this past month.
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Irish 2.0
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In reply to BubbleBoyB • 11:08a, 5/7/21
BubbleBoyB said:
Lavender Gooms said:
Who broke IMMR?!?!
Is IMMR one of OA's stocks? I may jump in. I think they just released earnings though
If I were to take a position in IMMR, I would wait. Looks like it could come in closer to 7 before it is all said and done
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irish pete ag06
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11:08a, 5/7/21
AG


LOTZ and POWW are straight algo'd
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$30,000 Millionaire
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11:08a, 5/7/21
AG
I got filled on $RETC at .0058.

I had set a GTC order for .007 that filled on open this morning.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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11:09a, 5/7/21
AG
DNN looking good
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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11:10a, 5/7/21
AG
$IMMR at -2 ATR on moderate volume. OK long entry place IMO.
You don’t trade for money, you trade for freedom.
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jimmo
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In reply to jimmo • 11:13a, 5/7/21
jimmo said:

CVS
looks like cup & handle
just needs to break thru around 77.23
also, holding up pretty well considering red day
wow
hoping I'm not the only one that took this one
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KT 90
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In reply to BubbleBoyB • 11:13a, 5/7/21
AG
BubbleBoyB said:
Lavender Gooms said:
Who broke IMMR?!?!
Is IMMR one of OA's stocks? I may jump in. I think they just released earnings though

yes.
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irish pete ag06
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In reply to deadbq03 • 11:14a, 5/7/21
AG
deadbq03 said:
SF2004 said:
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
I too am tired of keeping up with individuals and I took a beating in March.

Since early April I've been doing wheel strategy on a few reliables and buying calls on Index ETFs and/or equity on their leveraged counterparts - being very picky about entry and exit (I just got out of my overnight QQQ calls). I've done well this month.
Very cool. Super interested in the wheel strategy. Been reading and researching it.
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BubbleBoyB
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In reply to KT 90 • 11:15a, 5/7/21
AG
KT 90 said:
BubbleBoyB said:
Lavender Gooms said:
Who broke IMMR?!?!
Is IMMR one of OA's stocks? I may jump in. I think they just released earnings though

yes.
Do you have notes on a target?
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irish pete ag06
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11:16a, 5/7/21
AG
Jumped onto some NKE puts (hope I'm not offending someone by buying puts) after it gapped up rocketed outside of +3 ATR. Looking for a scalp here. Could see a gap back down if it continues the trend and some potential stop losses happen or Biden decides cleveland steamer the markets during his speech.

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FJ43
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11:19a, 5/7/21
Yellen about to speak I think.

Hold on if so....
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Lavender Gooms
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In reply to BubbleBoyB • 11:20a, 5/7/21
AG
BubbleBoyB said:
KT 90 said:
BubbleBoyB said:
Lavender Gooms said:
Who broke IMMR?!?!
Is IMMR one of OA's stocks? I may jump in. I think they just released earnings though

yes.
Do you have notes on a target?


One of his tweets from a couple months ago where he said he sees it at $20+ this year.
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SF2004
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In reply to irish pete ag06 • 11:20a, 5/7/21
AG
irish pete ag06 said:
deadbq03 said:
SF2004 said:
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
I too am tired of keeping up with individuals and I took a beating in March.

Since early April I've been doing wheel strategy on a few reliables and buying calls on Index ETFs and/or equity on their leveraged counterparts - being very picky about entry and exit (I just got out of my overnight QQQ calls). I've done well this month.
Very cool. Super interested in the wheel strategy. Been reading and researching it.
I love the wheel on stocks that tend to hover around the same value for very long periods of time.

F is a great example. You can wheel it all day long. If it does drop too low to get a call strike after assignment then you just hold until it goes back up.

It has to be a good solid company because the ultimate risk is you have to hold it a while if it goes south. I have no problem holding F pretty much forever.
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KT 90
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In reply to BubbleBoyB • 11:22a, 5/7/21
AG
BubbleBoyB said:
KT 90 said:
BubbleBoyB said:
Lavender Gooms said:
Who broke IMMR?!?!
Is IMMR one of OA's stocks? I may jump in. I think they just released earnings though

yes.
Do you have notes on a target?

Sorry, I don't. I do have this saved though:

@oldarmy1: Backing up the truck yesterday and today accumulating $IMMR for long term trade. A pure sell on doubling from these levels.

@oldarmy1: My 4th largest holding now in terms of number of shares (not $ value) is $IMMR. Waiting is hard for most which is why only the few ever turn 7 figures on a stock.

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irish pete ag06
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In reply to SF2004 • 11:24a, 5/7/21
AG
SF2004 said:
irish pete ag06 said:
deadbq03 said:
SF2004 said:
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
I too am tired of keeping up with individuals and I took a beating in March.

Since early April I've been doing wheel strategy on a few reliables and buying calls on Index ETFs and/or equity on their leveraged counterparts - being very picky about entry and exit (I just got out of my overnight QQQ calls). I've done well this month.
Very cool. Super interested in the wheel strategy. Been reading and researching it.
I love the wheel on stocks that tend to hover around the same value for very long periods of time.

F is a great example. You can wheel it all day long. If it does drop too low to get a call strike after assignment then you just hold until it goes back up.

It has to be a good solid company because the ultimate risk is you have to hold it a while if it goes south. I have no problem holding F pretty much forever.
Cool. Seems like a great way to potentially use some of the money in an IRA to do.
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deadbq03
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In reply to irish pete ag06 • 11:25a, 5/7/21
AG
irish pete ag06 said:
deadbq03 said:
SF2004 said:
Anyone find it easier to just do the short term option swing trades on SPY.

Then just have a portfolio of companies you hold for longer periods?

I feel like trying to find individual companies each day is cumbersome.
I too am tired of keeping up with individuals and I took a beating in March.

Since early April I've been doing wheel strategy on a few reliables and buying calls on Index ETFs and/or equity on their leveraged counterparts - being very picky about entry and exit (I just got out of my overnight QQQ calls). I've done well this month.
Very cool. Super interested in the wheel strategy. Been reading and researching it.
I'm modifying it to create what I'm calling a "Net Free Wheel Strategy." Since trades went commission free a few years ago, there's no penalty to tiny trades.

So what I do is ensure that whatever premium I get is more than the value of one share... then I use it to buy a share (and have some leftover cash). This will be an embarrassingly slow accumulation, but after 4 weeks of doing this, I have:

4 free shares of F, GE, JETS, MJ and XLE
2 free shares of GDX

If possible, I roll my legs on Friday rather than having them exercise (get weekend premium). If the roll on a put is too expensive, I let it exercise and take shares. If the roll on a call is too expensive, I let them sell. By too expensive, I mean net debit or not enough net credit to buy a free share. So far I haven't taken a loss on the call leg, but if that ever happens, I'll sell my free shares to make up the difference.

Edit to add, the free shares are strictly from option premium. Several of my trades have clearly resulted in profits from execution of the call leg where my strike was higher than the previous put. I'm being lazy here, I don't want to do the math to add that profit in. Also, as I accumulate cash, I'll eventually be able to add positions to my rotation (I want the juicy premiums of ICLN next)
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FJ43
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11:33a, 5/7/21
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FJ43
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11:34a, 5/7/21
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$30,000 Millionaire
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11:36a, 5/7/21
AG
I sold IMMR June 8P
You don’t trade for money, you trade for freedom.
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Prophet00
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In reply to $30,000 Millionaire • 11:37a, 5/7/21
AG
You mean 7.5? Wouldn't be a bad entry if assigned.
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BrokeAssAggie
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11:43a, 5/7/21
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FJ43
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In reply to BrokeAssAggie • 11:44a, 5/7/21
CrazyRichAggie said:
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$30,000 Millionaire
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In reply to Prophet00 • 11:46a, 5/7/21
AG
Prophet00 said:
You mean 7.5? Wouldn't be a bad entry if assigned.
yes, sorry.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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In reply to $30,000 Millionaire • 11:47a, 5/7/21
AG
$30,000 Millionaire said:
Prophet00 said:
You mean 7.5? Wouldn't be a bad entry if assigned.
yes, sorry.
$0.41
You don’t trade for money, you trade for freedom.
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FJ43
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In reply to $30,000 Millionaire • 11:51a, 5/7/21
$30,000 Millionaire said:
I got filled on $RETC at .0058.

I had set a GTC order for .007 that filled on open this morning.
30,000 shares?
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$30,000 Millionaire
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11:53a, 5/7/21
AG
$DVN May 21 25/30C at $1.40
You don’t trade for money, you trade for freedom.
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FJ43
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11:53a, 5/7/21

Bought a few QQQ 5/14 335C - $3.08 entry
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