StrawberryFields said:

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FJ43 said:

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CrazyRichAggie said:

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Agvet12 said:

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oldarmy1 said:

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ibdm98 said:

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Prognightmare said:

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McInnis 03 said:

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If you like $GOED, the beginning of $PROG is now.

$16 at the beginning of its IPO.
Currently trading at $3.55.

They test up to 29 disorders that can be found in a pregnant woman’s child.

72% increase in revenue from QT 4. (Dec 20-Mar 21)

4 inside buys this month alone (Owner) pic.twitter.com/aVeh5MQvsb

— ChEefa🏜 (@ChEefa74) June 24, 2021

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I never realized I had a symbol.

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I feel like I need permission to buy this stock from the guy above me.

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Nice set up! I'm in with this PROG

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Damnit! Not enough capital to keep up with the OA bat signal

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Hahaha. Just pick the set ups you really like. You can't be in everything! My top OA picks are

1. WWR - MA
2. FTCH calls
3. NIO calls

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Did you jump in VIAC calls? If that thing goes Hallelujah

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Which VIAC calls are you in?

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I've got both July and August 45c

FJ43 said:

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StrawberryFields said:

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FJ43 said:

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CrazyRichAggie said:

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Agvet12 said:

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oldarmy1 said:

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ibdm98 said:

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Prognightmare said:

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McInnis 03 said:

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If you like $GOED, the beginning of $PROG is now.

$16 at the beginning of its IPO.
Currently trading at $3.55.

They test up to 29 disorders that can be found in a pregnant woman’s child.

72% increase in revenue from QT 4. (Dec 20-Mar 21)

4 inside buys this month alone (Owner) pic.twitter.com/aVeh5MQvsb

— ChEefa🏜 (@ChEefa74) June 24, 2021

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I never realized I had a symbol.

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I feel like I need permission to buy this stock from the guy above me.

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Nice set up! I'm in with this PROG

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Damnit! Not enough capital to keep up with the OA bat signal

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Hahaha. Just pick the set ups you really like. You can't be in everything! My top OA picks are

1. WWR - MA
2. FTCH calls
3. NIO calls

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Did you jump in VIAC calls? If that thing goes Hallelujah

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Which VIAC calls are you in?

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I've got both July and August 45c

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Did anyone jump into the VIAC 2023 leaps? I took down some $45's.

I'm in alllll of VIAC haha. Had the leaps, yesterday I took OA1 advice on calls $5 otm 30-45 days out and I have shares.

I'll test something picked up from Ranger222 when he called his shot on HEAR. There were buyout rumors and that pushed HEAR straight up for almost a month. Hoping to ride the rumors like this with VIAC.

I'm learning!

Red Pear Luke said:

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FJ43 said:

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StrawberryFields said:

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FJ43 said:

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CrazyRichAggie said:

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Agvet12 said:

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oldarmy1 said:

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ibdm98 said:

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Prognightmare said:

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McInnis 03 said:

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If you like $GOED, the beginning of $PROG is now.

$16 at the beginning of its IPO.
Currently trading at $3.55.

They test up to 29 disorders that can be found in a pregnant woman’s child.

72% increase in revenue from QT 4. (Dec 20-Mar 21)

4 inside buys this month alone (Owner) pic.twitter.com/aVeh5MQvsb

— ChEefa🏜 (@ChEefa74) June 24, 2021

---

I never realized I had a symbol.

---

I feel like I need permission to buy this stock from the guy above me.

---

Nice set up! I'm in with this PROG

---

Damnit! Not enough capital to keep up with the OA bat signal

---

Hahaha. Just pick the set ups you really like. You can't be in everything! My top OA picks are

1. WWR - MA
2. FTCH calls
3. NIO calls

---

Did you jump in VIAC calls? If that thing goes Hallelujah

---

Which VIAC calls are you in?

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I've got both July and August 45c

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Did anyone jump into the VIAC 2023 leaps? I took down some $45's
.

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Sheesh I missed that alert or just flat didn't see it. I'll look into those tomorrow. Thanks for the reminder.

I'm in the 55s

Looking at VIAC, they dropped from 95ish to 41ish the week of 3/23-3/26. Was that the Archegos hedge fund blowup?

AG 2000' said:

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Looking at VIAC, they dropped from 95ish to 41ish the week of 3/23-3/26. Was that the Archegos hedge fund blowup?

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Yes

AG 2000' said:

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Looking at VIAC, they dropped from 95ish to 41ish the week of 3/23-3/26. Was that the Archegos hedge fund blowup?

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Yep...my understanding

Ragoo said:

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$30,000 Millionaire said:

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I can't ignore this netflix setup. 07/19 525/540C

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19 or 16th?

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monthlies, i was trying to type fast.

Question on risks.

Earlier today, based on the alerts for RIG I sold 1 Nov $5p and for each of 2x Nov $7 calls purchased, yielding a a net credit of of $0.94. This seemed like a reasonable strategy if we expect it to run. As I'm reading, this is apparently called a synthetic long position, though one might usually use the same strike for both options. What I'm reading states that this offers unlimited profit potential but also unlimited risk. I'm not following the second part.

The questions:

- if the strike is $5, and there was a credit of $0.94 per put, the maximum loss should be $3.06. That would be the case if the stock goes to zero. Am I missing something?

- this seems like a pretty reasonable and some what risk-mitigated strategy for a low strike option (ie, I don't think I'd do this with SPY). This seems especially true if I like the stock, right?

- assuming I'm not wrong on the second question, shouldn't we be doing this regularly for the MA stocks like WWR?

cisgenderedAggie said:

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Question on risks.

Earlier today, based on the alerts for RIG I sold 1 Nov $5p and for each 2x Nov $7 call, yielding a a net credit of of $0.94. This seemed like a reasonable strategy if we expect it to run. As I'm reading, this is apparently called a synthetic long position, though one might usually use the same strike for both options. What I'm reading states that this offers unlimited profit potential but also unlimited risk. I'm not following the second part.

The questions:

- if the strike is $5, and there was a credit of $0.94 per put, the maximum loss should be $3.06. That would be the case if the stock goes to zero. Am I missing something?

- this seems like a pretty reasonable and some what risk-mitigated strategy for a low strike option (ie, I don't think I'd do this with SPY). This seems especially true if I like the stock, right?

- assuming I'm not wrong on the second question, shouldn't we be doing this regularly for the MA stocks like WWR?

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You sold 2 calls and 1 put? That's how I'm reading it. Sounds like you sold naked calls with unlimited risk.

No, I see your point and fixed the error. I sold 1 put for every 2 calls bought. I'm not authorized to sell naked.

I sold a **** ton of WWR $5 Aug and Nov puts as well as $12.50 Nov. I used those proceeds to buy $2.50 Aug calls.

The biggest thing to remember is you have to have enough cash on hand or margin balance to cover those naked puts.

Tomas Hermensa said:

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I sold a **** ton of WWR $5 Aug and Nov puts as well as $12.50 Nov. I used those proceeds to buy $2.50 Aug calls.

The biggest thing to remember is you have to have enough cash on hand or margin balance to cover those naked puts.

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You sold $12.50 Puts?

When it dipped below $4 last month, I bought AUG $2.50 calls and also sold Aug $5 puts. So I'm right in there with you on all those. But curious about your reasoning behind the $12.50 puts?

eta: I'm not questioning the trade....just trying to learn. You are way more experienced than I am, so genuinely interested to understand the through process.

cisgenderedAggie said:

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Question on risks.

Earlier today, based on the alerts for RIG I sold 1 Nov $5p and for each of 2x Nov $7 calls purchased, yielding a a net credit of of $0.94. This seemed like a reasonable strategy if we expect it to run. As I'm reading, this is apparently called a synthetic long position, though one might usually use the same strike for both options. What I'm reading states that this offers unlimited profit potential but also unlimited risk. I'm not following the second part.

The questions:

- if the strike is $5, and there was a credit of $0.94 per put, the maximum loss should be $3.06. That would be the case if the stock goes to zero. Am I missing something?

- this seems like a pretty reasonable and some what risk-mitigated strategy for a low strike option (ie, I don't think I'd do this with SPY). This seems especially true if I like the stock, right?

- assuming I'm not wrong on the second question, shouldn't we be doing this regularly for the MA stocks like WWR?

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If the strike is $5, and there was a credit of $0.94 per put, the maximum loss should be $3.06. That would be the case if the stock goes to zero. Am I missing something?
Max loss would be $4.06 per contract if the stock goes to $0. Risk is limited because the stock can't go below $0.

This is an okay strategy IMO, but I'd look for input from OA, 30k, or FJ

Swollen Thumb said:

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Tomas Hermensa said:

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I sold a **** ton of WWR $5 Aug and Nov puts as well as $12.50 Nov. I used those proceeds to buy $2.50 Aug calls.

The biggest thing to remember is you have to have enough cash on hand or margin balance to cover those naked puts.

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You sold $12.50 Puts?

When it dipped below $4 last month, I bought AUG $2.50 calls and also sold Aug $5 puts. So I'm right in there with you on all those. But curious about your reasoning behind the $12.50 puts?

eta: I'm not questioning the trade....just trying to learn. You are way more experienced than I am, so genuinely interested to understand the through process.

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That wasn't my initial plan, but when I was selling puts a while back I saw the premiums on those was really high. I believe around or over $9. I only sold 20 but difficult to pass up, especially with an expectation of a q3 or q4 run.

I plan on being at the Bama game this year

Double_Bagger said:

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cisgenderedAggie said:

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Question on risks.

Earlier today, based on the alerts for RIG I sold 1 Nov $5p and for each of 2x Nov $7 calls purchased, yielding a a net credit of of $0.94. This seemed like a reasonable strategy if we expect it to run. As I'm reading, this is apparently called a synthetic long position, though one might usually use the same strike for both options. What I'm reading states that this offers unlimited profit potential but also unlimited risk. I'm not following the second part.

The questions:

- if the strike is $5, and there was a credit of $0.94 per put, the maximum loss should be $3.06. That would be the case if the stock goes to zero. Am I missing something?

- this seems like a pretty reasonable and some what risk-mitigated strategy for a low strike option (ie, I don't think I'd do this with SPY). This seems especially true if I like the stock, right?

- assuming I'm not wrong on the second question, shouldn't we be doing this regularly for the MA stocks like WWR?

---

If the strike is $5, and there was a credit of $0.94 per put, the maximum loss should be $3.06. That would be the case if the stock goes to zero. Am I missing something?
Max loss would be $4.06 per contract if the stock goes to $0. Risk is limited because the stock can't go below $0.

This is an okay strategy IMO, but I'd look for input from OA, 30k, or FJ

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I think this is a solid strategy if you want to give yourself the potential for a home run. Your risk is that RIG goes under $3.70, but even if it did, you could probably sell calls against it. This strategy is referred to as "bullish risk reversal".

Saying differently, you're going to be really annoyed substantially under $3.70 or at like $6.5. If Rig explodes, though, this could be a killer trade.

Stupid SNDL barcoding

I bought your stock today. It needs to make me money.

I am afraid our iphone dreams are slipping away. I'll have to exit that trade by Monday if we don't start to leg down.

FbgTxAg said:

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Oh you're a "star" ***** alright

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I'm a ***** but IDGAF about stars. I'm just gauging the eyes that follow this thread.

Tomas Hermensa said:

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Swollen Thumb said:

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Tomas Hermensa said:

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I sold a **** ton of WWR $5 Aug and Nov puts as well as $12.50 Nov. I used those proceeds to buy $2.50 Aug calls.

The biggest thing to remember is you have to have enough cash on hand or margin balance to cover those naked puts.

---

You sold $12.50 Puts?

When it dipped below $4 last month, I bought AUG $2.50 calls and also sold Aug $5 puts. So I'm right in there with you on all those. But curious about your reasoning behind the $12.50 puts?

eta: I'm not questioning the trade....just trying to learn. You are way more experienced than I am, so genuinely interested to understand the through process.

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That wasn't my initial plan, but when I was selling puts a while back I saw the premiums on those was really high. I believe around or over $9. I only sold 20 but difficult to pass up, especially with an expectation of a q3 or q4 run.

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I like it... I noticed someone doing this on ELOX, out to November. The 7.50 puts I believe, although now that I just looked I don't see any volume on those. I may be getting tickers confused too, need more beer