LOL it's far from "mine". Range break trading is a widely utilized setup.

What did you see or do today?

Farmer @ Johnsongrass, TX said:

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BTI shares should be higher tomorrow and likely at its nearest peak prior to EX-DIV on 10/1. Early morning tomorrow I'll likely enter orders to sell Calls against my shares. Looking at Nov 19 $40 Calls trying to get something more than 10 cents. For me the Nov Calls are sort of like no-mans-land. It's an in-between period of Div pay out and a month before the next EX-DIV date and that translates to low chance period of losing your shares. If I lose them, so be it. I'll just rebuy. Just don't need the additional exercise hassle to replace. ... Yeah, I'm lazy.


ETA: BTI shares should be higher tomorrow and likely at its nearest peak prior to EX-DIV on 10/1. = I'm thinking close to $37.50 per share.

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Taking a break from outdoor chores.

If anyone is playing along on this....

BTI - Today's High = $37.27...so far
If it hits and breaks $37.29 that's the 50DSMA ( I thought it would break that barrier today). If it breaks and hopefully stays above, there's a gap from 9/8/21 that needs to be closed at $37.42. BTI should have zero problem hitting $37.42 as long as it Closes above $37.29 or significantly breaks $37.29 and has a small retreat today. Tomorrow, same scenario. Also, BTI is above all the following supports 5, 8, 21 DSMA .

Looking at Nov19-40's and Mar18-40's

I doubt I get my Calls today, probably tomorrow.

Anyone in or look at TMC? It's a recent IPO.

Got hammered into dust the last week from 10 down to 4 area. Was going to buy in yesterday at 5 but now it dropped below that.

Anyone have insight into what the /wsb kids are talking about on that one?

TMOOSE said:

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Picking up PUTS here?

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Long here. VIX is probably done for the week. Just my opinion of course.

wanderer said:

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Lucky enough or patient enough?

I'm just kidding (sorta). Just because your previous calls expired, that doesn't mean you have to turn right around and sell another round. Try and wait for a bit of a premium pop. That being said, I've been known to screw up on timing of covered calls before.

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I got the patient part down... Trust me.... When March calls expired I waited and watched it go from over $4 down to $2. It was May when i sold August calls and shortly after had quick spike and then came back down.

Also been super patient on MBIO, WWR, and XL.. it's been months since i sold a CC on any of those

McInnis 03 said:

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What did you see or do today?

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Mostly work... watched the tomorrow expiry 441 spy calls i bought all the way down yesterday be worth something, then not, then maybe worth something again. Bought some mvis and sava lottos. Couple rgs buy-writes. Bought a couple oct15 slv 20c to remind myself to stop playing slv. Trying to keep myself from selling vale cc too early...

BREwmaster said:

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TMOOSE said:

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Picking up PUTS here?

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Long here. VIX is probably done for the week. Just my opinion of course.

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I have 10/15 VIX 20P

H-town ag said:

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I just entered a GTC sell order for a chunk of my WWR shares for $21.

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I put in $54.20, you know for grins and giggles. Who knows, maybe this thing takes off earlier than expected.

McInnis 03 said:

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yes

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in

Spoony Love said:

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H-town ag said:

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I just entered a GTC sell order for a chunk of my WWR shares for $21.

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I put in $54.20, you know for grins and giggles. Who knows, maybe this thing takes off earlier than expected.

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What broker let you put that in? Fidelity wouldn't let me go above 21

GTIAG09 said:

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Nice volume on WWR today in comparison to previous days. Double yesterday's volume. Havent seen this much volume since 8/17 or 8/23.

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The green volume on the last two full hours of the cash session were huge. Back up above the 5-day but bounced off 20-day resistance. Good day for the old Wes****er.

I cannot believe RGS is trading overall lower today.

With nearly 30% SI and 15M shares traded, we basically turned the float over today (certainly so between yesterday and today).

I can't believe this thing hasn't run yet. Need AH announcement from the company…..like they invented a new hairdo or a DIY haircut kit or something. Anything….

I have a $100 WWR GTC sell order open at Schwab.

Wonder why Fidelity cares what your orders are, must have weird system limitations

AG 2000' said:

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Spoony Love said:

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H-town ag said:

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I just entered a GTC sell order for a chunk of my WWR shares for $21.

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I put in $54.20, you know for grins and giggles. Who knows, maybe this thing takes off earlier than expected.

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What broker let you put that in? Fidelity wouldn't let me go above 21

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I'm using Schwab. I started with 21, not sure if I can go higher.

AG 2000' said:

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Spoony Love said:

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H-town ag said:

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I just entered a GTC sell order for a chunk of my WWR shares for $21.

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I put in $54.20, you know for grins and giggles. Who knows, maybe this thing takes off earlier than expected.

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What broker let you put that in? Fidelity wouldn't let me go above 21

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Yep. I got an error that said "Daring to dream of this sales price is not allowed by your broker."

end of quarter. this is sort of typical stuff.

I put a GTC order on WWR at $50 on TDA.

I couldn't post, but earlier I saw the W completing for TSLA and closed out of the rest of my bearish spreads.

Entering CLOV 11/15 7.5Cs.

RSI is beaten down to zero, MACD ticking up. Riding a support line at 7.40

Not sure this actually means anything, but biggest daily green candle since 6/25

Tomas Hermensa said:

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AG 2000' said:

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Spoony Love said:

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H-town ag said:

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I just entered a GTC sell order for a chunk of my WWR shares for $21.

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I put in $54.20, you know for grins and giggles. Who knows, maybe this thing takes off earlier than expected.

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What broker let you put that in? Fidelity wouldn't let me go above 21

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Yep. I got an error that said "Daring to dream of this sales price is not allowed by your broker."

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I did it on TOS (TDA). It just let it go through and now it's GTC.

H-town ag said:

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AG 2000' said:

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Spoony Love said:

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H-town ag said:

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I just entered a GTC sell order for a chunk of my WWR shares for $21.

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I put in $54.20, you know for grins and giggles. Who knows, maybe this thing takes off earlier than expected.

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What broker let you put that in? Fidelity wouldn't let me go above 21

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I'm using Schwab. I started with 21, not sure if I can go higher.

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I must have missed it. What is the point of putting in the crazy high GTC sell orders?

What did we ever decide to do w/ VEON?

Good grief this is a nasty close. Murder algo in full force.

They think we're going to default tomorrow don't they?

ELOX is on sale!

Supposedly so the brokerages can't lend out your shares. Personally, I do it pretty often when I am closing multi-leg options so I can adjust them easier on my phone if I get ready to sell and I am not at a computer. Much easier to just edit the sell price than to try to set up the entire closing order on my phone.

FWIW Redler is pretty risk off to flat. About as much as I have seen him in this posture.

Thanks....good to know. I'll play along.