BREwmaster said:

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agree, people are going back in droves to theaters, restaurants, travel etc. Everyone is tired of sitting at home.

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Yep plus there are many big movies that have been on hold for release until things open up and streaming services are also moving toward only theater releases and releasing stream a month or so later afterwards

Cappo said:

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BREwmaster said:

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agree, people are going back in droves to theaters, restaurants, travel etc. Everyone is tired of sitting at home.

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Yep plus there are many big movies that have been on hold for release until things open up and streaming services are also moving toward only theater releases and releasing stream a month or so later afterwards

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Based on my little Mexico excursion this past week....I think people are dying for any reason to spend money (and lots of it) to get out of their house and do the things we did before this whole episode started.......that's just my opinion, but theaters will fall into that ideal.

So, i'm pretty new to options. Someone help me understand something:

$MVIS

Sold $16 options at $4.30 a week or so ago (Nov 19). It is now a $6.20 option premium with a stock price over $17.

Why wouldn't the holder of said options not exercise them and turn around and sell the covered call to pocket the more than $3 in profit sitting there?

I don't mind if they take them, nice little profit for me, just trying to understand the mentality around "not" exercising the option. Would prefer they take them so I can build back on my cash balance.

Is it:

A) Dudes are simply selling their options to someone else and banking that option premium?
B) Someone is asleep and doesn't want to take the $3 profit
C) Options traders don't like owning shares, so the option on these shares just moves from person to person?
D) Other reason that I don't quite understand yet since I'm new at this?

11/19

Thanks

I bought some BKEP end of last week - lookin like this may work out

Prognightmare said:

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When does Top Gun 2 come out?

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Gonna be yuge

Red Red Wine said:

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So, i'm pretty new to options. Someone help me understand something:

$MVIS

Sold $16 options at $4.30 a week or so ago (Nov 19). It is now a $6.20 option premium with a stock price over $17.

Why wouldn't the holder of said options not exercise them and turn around and sell the covered call to pocket the more than $3 in profit sitting there?

I don't mind if they take them, nice little profit for me, just trying to understand the mentality around "not" exercising the option. Would prefer they take them so I can build back on my cash balance.

Is it:

A) Dudes are simply selling their options to someone else and banking that option premium?
B) Someone is asleep and doesn't want to take the $3 profit
C) Options traders don't like owning shares, so the option on these shares just moves from person to person?
D) Other reason that I don't quite understand yet since I'm new at this?

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Sort a variation of c. To exercise they have to have the cash to buy the shares and may not have it or may not want to tie up the capital.

Well, if that's the case, I will wait for a down day, buy them back in the green. Wait for an up day and sell them again.

I'm guessing the outlay is the issue. I was actually hoping they'd take them and I could buy MVIS again on the dip and repeat.

The TRIN is going to try and close stupid low. That makes for some caution into tomorrow.

I choose to believe this is an inverted H&S on the 5 min into close.

Probably isn't.

$BB up 15% on the day

$NIO
sold half of 40c's
other half net free
Thanks OA !

I remember last year people were saying $NIO as a $100+ stock was very realistic.

is that still a legit expectation?

Ah, thanks. Will start researching moves on that.

SMA's are not stacked positive, and TTM wave is not positive... it might, but those are a couple of cons for it.

In golf?

ZM doing it dirty after earnings.

AQMS has me intrigued. Lead recycling company. Perhaps it is a good MA candidate? Looks like their technology has yet to be sold/used. Kind of like WWR, it may turn into something special down the road.

What do y'all think?

McInnis 03 said:

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ZM doing it dirty after earnings.

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Looks like some poeple got got coming and going wow, $20 swing in 40 minutes

Prognightmare said:

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When does Top Gun 2 come out?

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July 2. Saw the trailer in the theater this weekend. Looks cool.

JimSA said:

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Prognightmare said:

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When does Top Gun 2 come out?

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July 2. Saw the trailer in the theater this weekend. Looks cool.

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Old trailer it got delayed to November

FJ43 said:

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How did we do today?

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big gains fading SPY at the open, tried to play calls on the bounce and gave some gains back. Overall ended green so good day today.

SPX held the number it had to today (4200). I didn't make any trades today, buying or selling. Still in Google and SPX / NDX June monthly call verticals. I'm thinking 4300 target on SPX and 14000+ on NDX

ClutchCityAg said:

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FJ43 said:

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How did we do today?

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big gains fading SPY at the open, tried to play calls on the bounce and gave some gains back. Overall ended green so good day today.

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Good job. Downside was the play intraday. I did take 420c quick in and out and a lotto 424C that worked for a quick gain. Stayed ATM or ITM today with that exception.

Not sure if you are using these but the 5 & 12 EMAs on a 3 Min, 5 Min and 10 Min charts are excellent for scalping. Get a 5-12 cross on the 3 confirmed by the 5 and pretty good for trading that trend to the next SR at the least. If the 10 min holds with the same it generally runs longer.

$30,000 Millionaire said:

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SPX held the number it had to today (4200). I didn't make any trades today, buying or selling. Still in Google and SPX / NDX June monthly call verticals. I'm thinking 4300 target on SPX and 14000+ on NDX

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What would it take to invalidate your 4300 and 14000 targets?

FJ43 said:

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ClutchCityAg said:

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FJ43 said:

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How did we do today?

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big gains fading SPY at the open, tried to play calls on the bounce and gave some gains back. Overall ended green so good day today.

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Good job. Downside was the play intraday. I did take 420c quick in and out and a lotto 424C that worked for a quick gain. Stayed ATM or ITM today with that exception.

Not sure if you are using these but the 5 & 12 EMAs on a 3 Min, 5 Min and 10 Min charts are excellent for scalping. Get a 5-12 cross on the 3 confirmed by the 5 and pretty good for trading that trend to the next SR at the least. If the 10 min holds with the same it generally runs longer.

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I am gonna create an extra tab on my TWS with these indicators and try it out, thanks!

I have a detached window group on one screen with only a 5 & 12 EMA on 3min, 5min, 10min & 1 hr charts. All locked into SPY. Then I have a 'SPY Trader' tab/window on another screen that has 1 & 5 Min chart (same EMAs) along with a chart for the option I am targeting to see its intraday price and volume. Add in Option Chain, Watch list (add today's strikes to it) order window, trade log, etc and makes it pretty decent setup for SPY scalping.