ag94whoop said:

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Ccutamu said:

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sts7049 said:

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ag94whoop said:

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I screwed myself yesterday on CLOV by selling so many covered calls against my share literally right before the runup and totally didnt anticipate the level it ran. I bought back the calls and lost a lot of potential profit but frankly was able to take a profit on over half my shares.

Now with the remaining shares, I am trying to get a feel for the direction of the market as a whole and the direction of CLOV specifically before I decide to sell more CCs or just exit the position and be done with it. This run came several weeks earlier than I ever thought and with my mistakes, I lost out of a really large day of profit. I am happy with some profit of course, but want to be smarter next time around.

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if i were you, i would watch for the apparent end of the next price spike (it seems to be percolating again upward as we speak) and then i would sell some 6/18 35s (they have those strikes now it seems) for as much as you can. the B/A right now is 1.80/2.80. sell em on all your remaining shares.

if you get called out at 35, i bet you will be happy moving on and use all this as a learning experience. if not, you reduced your cost basis further and you still have shares.

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I'm only seeing June calls out to $22. What platform are you on?

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Yeah I can only get $22 for June

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BREwmaster said:

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ATR experts, what do you set duration to? 10 or 14 days? I'm in tradingview, also not seeing negative numbers, just 0 on up. Will keep messing with it.

I'm looking to compare RIOT, MARA and probably MSTR. Thinking put spreads.

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MAW_7563 said:

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Be sure you select the option for ALL strike prices vice just the ones near the money. That messed with me when I first started.

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FJ43 said:

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E said:

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Those that are good at looking at charts is the resistance on DOGE at .30? Looks like it's hit it a few times and bounced off of it

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Bear flag. IMO wouldn't touch.

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FJ43 said:

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Bought SPY 422C
1.83 entry

Will cut quick if doesn't get through resistance.

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Challenger 17 said:

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https://finance.yahoo.com/news/1847-goedeker-host-investor-conference-130000895.html

1847 Goedeker Inc. (NYSE American: GOED, GOED WS) ("Goedekers" or the "Company"), the largest pure-play online retailer of household appliances in the US, today announced that it will host a conference call and audio webcast on Wednesday, June 9, 2021 at 4:30 p.m. ET to discuss and answer questions related to its acquisition of Appliances Connection, which closed on June 2, 2021, and

1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Through its June 2021 acquisition of Appliances Connection, Goedekers created the largest pure-play online retailer of household appliances in the US. With warehouse fulfilment centers in the Northeast and Midwest, as well as showrooms in Brooklyn, New York, and St. Louis, Missouri, Goedekers is a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. Goedekers and Appliances Connection carry many household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and also carries many major luxury appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Wolf, Jenn-Air, Viking among others and sells furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture, as well as commercial appliances for builder and business clients. Learn more at www.Goedekers.com.

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FJ43 said:

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FJ43 said:

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Bought SPY 422C
1.83 entry

Will cut quick if doesn't get through resistance.

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Out on this...$2.15

Will reenter possibly.

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Diggity said:

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birds of a feather

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McInnis 03 said:

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Careful, while you rolled, you really increased your cost basis on that call. Buying it back now would cost you more than had you just let things play out. You may look at a positive P/L now, but that's because the bar moved. You may think about holding and burning premium more.

EDIT: I just re read that and it's confusing as all hell.

Lets see if I can do this.

EX:
Buy 100 shares of SNDL at $.80
Sell $1 call for $.12
SNDL then runs to say, $1.20
Said $1c is now $.25
I roll out 2 weeks, same $1c and get additional $.02 but my call is now $.27
SNDL pulls back, said $1 call drops to $.16
----IF I BUY BACK NOW, MY P/L SAYS I GAINED $.11 BUT REALLY I LOST $.02.
----I took in .12 and .02 for a total of .14 in my realized pocket, but buying back at $.16 means I lost .02 on this transaction. You have to let the play....play out.

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Sea Speed said:

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Diggity said:

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birds of a feather

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I still thibk it was Barnes as hoiston aggie. Either way, did houstonaggie ever come back?

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Note: This is a very bullish flag-type pattern here (its a small megaphone to be precise) forming all week. Should get a great breakout move out of it

— Adam Mancini (@AdamMancini4) June 8, 2021

FJ43 said:

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Bought SPCE 40c - LOTTO size
1.21 entry

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$AHT non stop 6/18 7.50c

— Dan 🐩🐩🐩 (@danshep55) June 8, 2021

FJ43 said:

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Not in it but thinking I might take a lotto

$AHT non stop 6/18 7.50c

— Dan 🐩🐩🐩 (@danshep55) June 8, 2021

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Red Pear Luke said:

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FJ43 said:

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Not in it but thinking I might take a lotto

$AHT non stop 6/18 7.50c

— Dan 🐩🐩🐩 (@danshep55) June 8, 2021

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Switch the H and the T and you can spell All Time High.

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ag94whoop said:

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Swollen Thumb said:

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ag94whoop said:

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I screwed myself yesterday on CLOV by selling so many covered calls against my share literally right before the runup and totally didnt anticipate the level it ran. I bought back the calls and lost a lot of potential profit but frankly was able to take a profit on over half my shares.

Now with the remaining shares, I am trying to get a feel for the direction of the market as a whole and the direction of CLOV specifically before I decide to sell more CCs or just exit the position and be done with it. This run came several weeks earlier than I ever thought and with my mistakes, I lost out of a really large day of profit. I am happy with some profit of course, but want to be smarter next time around.

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Take this gift as an opportunity to reduce your position and actually book profit which will lower your basis on remaining shares if you plan to hold long term. It could run to $30...or it could go back to $11-$12. But you have been very vocal about how stressed out your position in CLOV has made you over the past few months, so now is the time correct that.

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Thanks! Been doing exactly that. I reduced remaining position from 2200 to 1000 shares. Then sold call on 500 shares @ $5.20 for next week at $22 strike.
Holding 500 shares to see what happens the next few days. Have a Day limit sell set at $23 in case it surges and I am not looking

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