I love your dad even more now.oldarmy1 said:
He has been flaunting it in my face.
Looks to be a volume shelf to 405.33 then look out below.FJ43 said:
Anyone see anything between 406.10 and 404 as potential support?
Essentially, you are buying puts in case the thing absolutely tanks. Puts react to tanking the way call buying reacts to mooning. But it costs you to buy puts, same as it would to buy calls. So OA is saying he offsets the cost by selling OTM calls. He's hedhing the downside while manipulating it to not spend any money doing so. The only thing that would hurt is if the price skyrocketed overnight and he got called out of his shares.ag94whoop said:
Ok
I will use real life portfolio examples
I own 1300 shares of TLRY average cost is about $27.80
I own 4500 shares of WWR avg cost is $7.82
How does buying puts against one of those help me when I'm this upside down? I am just trying to wrap my head around this concept
Arthur Sklarew analysis suggests target to 4088 over the next 1-2 weeks of trading. (Break through the box to the downside by equal amount of the bull trap extension) pic.twitter.com/yxCiHcPKZo
— Linda Raschke (@LindaRaschke) May 11, 2021
Measured move objective of 4088 ( a la A. Sklarew) was hit....now back into prior small range 54 - 74. Single print markup comes into play below that. Enough for one day though! 52.25 is the low of that little range. pic.twitter.com/gOEAqE3DPe
— Linda Raschke (@LindaRaschke) May 12, 2021
If Irish 2.0 sees a major support on QQQ, it could slow SPY.FJ43 said:
Anyone see anything between 406.10 and 404 as potential support?
oldarmy1 said:https://www.getyarn.io/yarn-clip/0dce4d02-85c7-4fad-b03f-e3cb3ee382faE said:
Is it too late to sell and go away in May then rebuy at lower levels later on?
Asking for a friend...
mazag08 said:Essentially, you are buying puts in case the thing absolutely tanks. Puts react to tanking the way call buying reacts to mooning. But it costs you to buy puts, same as it would to buy calls. So OA is saying he offsets the cost by selling OTM calls. He's hedhing the downside while manipulating it to not spend any money doing so. The only thing that would hurt is if the price skyrocketed overnight and he got called out of his shares.ag94whoop said:
Ok
I will use real life portfolio examples
I own 1300 shares of TLRY average cost is about $27.80
I own 4500 shares of WWR avg cost is $7.82
How does buying puts against one of those help me when I'm this upside down? I am just trying to wrap my head around this concept
Never thought of that. Hold it is....Farmer @ Johnsongrass, TX said:If Irish 2.0 sees a major support on QQQ, it could slow SPY.FJ43 said:
Anyone see anything between 406.10 and 404 as potential support?
If you're in aa huge hole? Because you aren't wanting to or expecting to take the loss pf shares. It's a strategy in a down period where upside is mostly out of reach.ag94whoop said:mazag08 said:Essentially, you are buying puts in case the thing absolutely tanks. Puts react to tanking the way call buying reacts to mooning. But it costs you to buy puts, same as it would to buy calls. So OA is saying he offsets the cost by selling OTM calls. He's hedhing the downside while manipulating it to not spend any money doing so. The only thing that would hurt is if the price skyrocketed overnight and he got called out of his shares.ag94whoop said:
Ok
I will use real life portfolio examples
I own 1300 shares of TLRY average cost is about $27.80
I own 4500 shares of WWR avg cost is $7.82
How does buying puts against one of those help me when I'm this upside down? I am just trying to wrap my head around this concept
But why not market sell if it hits that strike price? Then you wouldn't have the cost or haste of the puts
mazag08 said:If you're in aa huge hole? Because you aren't wanting to or expecting to take the loss pf shares. It's a strategy in a down period where upside is mostly out of reach.ag94whoop said:mazag08 said:Essentially, you are buying puts in case the thing absolutely tanks. Puts react to tanking the way call buying reacts to mooning. But it costs you to buy puts, same as it would to buy calls. So OA is saying he offsets the cost by selling OTM calls. He's hedhing the downside while manipulating it to not spend any money doing so. The only thing that would hurt is if the price skyrocketed overnight and he got called out of his shares.ag94whoop said:
Ok
I will use real life portfolio examples
I own 1300 shares of TLRY average cost is about $27.80
I own 4500 shares of WWR avg cost is $7.82
How does buying puts against one of those help me when I'm this upside down? I am just trying to wrap my head around this concept
But why not market sell if it hits that strike price? Then you wouldn't have the cost or haste of the puts
COLONIAL PIPELINE HACKING GROUP HAS CLAIMED RESPONSIBILITY FOR BREACHING THREE MORE COMPANIES WEDNESDAY
— *Walter Bloomberg (@DeItaone) May 12, 2021
Farmer @ Johnsongrass, TX said:
https://www.marketwatch.com/articles/dont-be-fooled-by-aprils-inflation-jump-its-being-driven-by-reopening-quirks-51620847392?mod=mw_latestnews
This article explains it all. I'm going to sleep better tonight.
There's a lot of people being fooled. <laugh/cry emoticon>
<*sarc>
I think futures will be down big in the morning with a possible red to green move in the cards.$30,000 Millionaire said:
We have gone +2 ATR to -2ATR on the SPX in 3 trading sessions. That's a large move. Similar theme with NQ. I think we're close to temporarily done.
Sweet baby Jesus please...$30,000 Millionaire said:
We have gone +2 ATR to -2ATR on the SPX in 3 trading sessions. That's a large move. Similar theme with NQ. I think we're close to temporarily done.
GOOD because if we can get VIX to give up about 7 pts in the next 21 days I'll be up a cool fake $15K$30,000 Millionaire said:
We have gone +2 ATR to -2ATR on the SPX in 3 trading sessions. That's a large move. Similar theme with NQ. I think we're close to temporarily done.
Because you aren't expecting this to be a tank and you don't WANT to take the loss that would guarantee by selling now. It's a hedge.. meaning if this thing breaks down big, you are limiting your loss by locking in a price. But again, you are not EXPECTING for this to execute.. merely to save your ass in a **** hit the fan scenario. Selling the calls against it is merely a way to offset the cost of buying the hedge.ag94whoop said:mazag08 said:If you're in aa huge hole? Because you aren't wanting to or expecting to take the loss pf shares. It's a strategy in a down period where upside is mostly out of reach.ag94whoop said:mazag08 said:Essentially, you are buying puts in case the thing absolutely tanks. Puts react to tanking the way call buying reacts to mooning. But it costs you to buy puts, same as it would to buy calls. So OA is saying he offsets the cost by selling OTM calls. He's hedhing the downside while manipulating it to not spend any money doing so. The only thing that would hurt is if the price skyrocketed overnight and he got called out of his shares.ag94whoop said:
Ok
I will use real life portfolio examples
I own 1300 shares of TLRY average cost is about $27.80
I own 4500 shares of WWR avg cost is $7.82
How does buying puts against one of those help me when I'm this upside down? I am just trying to wrap my head around this concept
But why not market sell if it hits that strike price? Then you wouldn't have the cost or haste of the puts
I'm just trying to understand the difference between buying puts that cause me to sell shares below current price, or just selling them at that same price without the puts.
Hoping so. Would love a move back up.$30,000 Millionaire said:
We have gone +2 ATR to -2ATR on the SPX in 3 trading sessions. That's a large move. Similar theme with NQ. I think we're close to temporarily done.
$5.75<$11.80. I sold below $10. Missed a second entry at mid $6s by a nickel. Live and learn.CrazyRichAggie said:
Those TSLA puts should be looking good for you, FJ.
