Charismatic Megafauna said:

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What's got 2 thumbs and bought weekly spy calls yesterday?

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These were 153s i bought yesterday for .5 each like a crackhead. Sold one at open for .95 and just sold the other for 1.03. Now let's rip faces, i got Mar 2 spreads ready to catch it...

do any of you pros have an opinion on $ROKU with Q4 earnings coming on Thursday?

theNetSmith said:

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do any of you pros have an opinion on $ROKU with Q4 earnings coming on Thursday?

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It;s been so beat up lately that I could see it ripping on even the slightest beat on ER.

Heavy selling on AMD vs it peers last few days.

El Quimico said:

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Mass accumulation works! RESN has become my first multi-bagger.

Murata to acquire Resonant for $4.50 per share in cash

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I forgot about this dog that I had...that was fun to wake up to

theNetSmith said:

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not sure if 'ripping' has good or bad connotations.. i could see either. lol. but most of what y'all say on here is gibberish to me.

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ripping = up
dipping = down

About to dip my toe in the 2/16 $450 SPY. I scalped a quick on e this morning for a 40%.

TSLA pushing up against the high from Friday. Through that and $925 may be on deck.

I have a question for the board. I f***** up pretty bad, and looking for advice. Obviously, this will be a lesson learned going forward. I sold naked puts for ROKU on 2/18 $280. Clearly, these are a huge loss. But my questions is, how do I proceed? Do I buy them back and use up a ton of cash, take the assignment and immediately write a covered call? Roll them out 6 months? I'm young so have time, but don't necessarily want to drop 5 figures to buy back an option.

Got a buttload of PLTR $13.50. Let's ride

Whether you buy them back or take assignment, you're dropping 5 figures either way. Even if you sold the put(s) for $30 (no idea what you sold for) then it'll still cost $25k for each put sold upon assignment. 100 shares * (280-30)

CIDM had good earnings yesterday AH
https://finance.yahoo.com/news/cinedigm-reports-strong-fiscal-2022-214500087.html

Aggie1391 said:

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I have a question for the board. I f***** up pretty bad, and looking for advice. Obviously, this will be a lesson learned going forward. I sold naked puts for ROKU on 2/18 $280. Clearly, these are a huge loss. But my questions is, how do I proceed? Do I buy them back and use up a ton of cash, take the assignment and immediately write a covered call? Roll them out 6 months? I'm young so have time, but don't necessarily want to drop 5 figures to buy back an option.

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I'd roll them out a few months and take a credit to help cost average down, unless you need the cash sometime soon

Touchless said:

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TSLA pushing up against the high from Friday. Through that and $925 may be on deck.

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I think it wants that 100ema at $945 and change.

Bob Knights Liver said:

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Touchless said:

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TSLA pushing up against the high from Friday. Through that and $925 may be on deck.

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I think it wants that 100ema at $945 and change.

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I've got a resistance level at 944.06. Let's do it.

I think I'd do this as well. Maybe roll it to March or May. The caveat being that your portfolio could sustain bigger loss. As much as it's been beaten down there's risk that they lay an egg on earnings and it drops further.

AG 2000' said:

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Bob Knights Liver said:

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Touchless said:

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TSLA pushing up against the high from Friday. Through that and $925 may be on deck.

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I think it wants that 100ema at $945 and change.

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I've got a resistance level at 944.06. Let's do it.

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Leeeeerooy Jenkins!!!

AG 2000' said:

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Bob Knights Liver said:

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Touchless said:

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TSLA pushing up against the high from Friday. Through that and $925 may be on deck.

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I think it wants that 100ema at $945 and change.

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I've got a resistance level at 944.06. Let's do it.

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Back below Friday's high. Nothing is easy these days.

PYPL has decided not to participate in today's rally. Doubly frustrating with BTC a bit perky too.

wanderer said:

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PYPL has decided not to participate in today's rally. Doubly frustrating with BTC a bit perky too.

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Stay out of PYPL for awhile. It is not a good company right now and needs to do some work to get back in favor.

Little SABR seems to have killed earnings as well

Man this action at the opening is just kind of flat. I know I am looking for $450 on SPY but I'm starting to agree with Doc, I feel a rug pull coming.

Moving again. If it gets to $926 I'm out of shares for the day and will let the call spreads be my only upside.

QQQ starting to move

Charismatic Megafauna said:

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In the future, consider using a bit of your premium to buy a protective put at a lower strike when you sell cash covered puts, it limits your downside by preventing you from being assigned if the bottom falls out. (This is advice i got from one of these guys when i was just starting trying to figure this stuff out)

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Agree, selling puts you either want to sell as a "put credit spread" trade to define your risk (max loss) -OR- you sell puts at a strike you are ok with owning the shares at long term (cash covered), basically using the premium credited to you to give you a nice little discount if you were to be assigned.

$TISI

This a zack morris thing?

SPY keeps bumping the ORH. That may be the ceiling today. The floor could be the overnight low or yesterday's close.

This is the lesson learned!