haha. It is always good to have a friend on the short bus.AG 2000' said:I sold my SPY $425 puts before the close yesterday too, you've got company on the short bus.DDSO said:
Why did I sell my 2955 amzn puts at the close, yesterday? I am in idiot, that's why.
Stock Markets
25,707,250 Views |
234953 Replies |
Last: 4 hrs ago by frankm01
One thing that I will start to look at is assuming that I want to keep current money in the market. Start optimizing any tax loss harvesting opportunities, as it is always good to have some tax losses in your pocket to offset future gains. Always use selected shares when selling to pick the biggest losers. Sell one stock and buy something similar with the proceeds. Then 31 days or more more later you can reverse your trade.
I did a lot of this during the beginning of Covid with energy stocks. Traded chevron for Exxon etc. then flipped back later. This allowed me to have tax losses for later in the year, when I needed some offsets
I did a lot of this during the beginning of Covid with energy stocks. Traded chevron for Exxon etc. then flipped back later. This allowed me to have tax losses for later in the year, when I needed some offsets
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,976
How long do you want to ignore this user?
BaylorSpineGuy said:
Any chance you think INTC rallies long term this? One of k my chip makers in USA.
How much of INTC chips are made in the US right now? I know they are building a big manufacturing facility and fab statewide, but I thought they were still mostly Taiwan right now. Could be wrong. My cousin that's in the industry and trades as well brought that up last weekend in opposition to my AMD > INTC sentiment. Especially if China does become more aggressive with Taiwan.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,976
How long do you want to ignore this user?
I am definitely a fan of this. The problem for indies is having a list of well researched comps for each of your longs. That's where I see a lot of value in professionally managed accounts.
Also, with volatility up, if you like certain stocks to get into for long term, maybe look at selling puts to get them cheaper. Obviously you have to have cash set aside , and have to be looking at long term buys, not a short term strategy
So grabbing 5 GOOGL's gets you 100 later this year, right?
welp the SPY puts finally paid today. in at .79, out at 2.66. kept a couple runners just in casests7049 said:
so... I guess my SPY puts might pay tomorrow
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
8,036
How long do you want to ignore this user?
AG
Looks like some serious dip buying going on (pltr, ttd). Real or dead cat/relief bounce?
Quality Quality Quality.
If it isn't a product in your house, be wary.
If it isn't a product in your house, be wary.
GDX paid... looks like accumulation premarket too. I sold right after the open, watching for re-entry.
now if I'd just held a tsla put, damn!
now if I'd just held a tsla put, damn!
I have two premarket wicks on SPY that extend almost to $422. For some reason, those have more often than not seemed like targets for intra-day trading. It's happened often during the last few weeks of trading. Am I just seeing a coincidence?
oldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
So running this out -
sell covered calls on shares.
Whatever cost of calls, find same price puts out in the future, buy puts with call premiums.
What's our exit strategy down the line? When clear reversal in market?
Big moves tonight, still pretty orderly w/ additional fear
— chika (@chikatrades) February 24, 2022
b/c of this, may not have seen true true sell yet esp w/ it being orderly to 4100
4050 expect a bounce here, but see 3800-3900s
look for capitulatory sell that isn’t orderly but panic, that is end to this saga $ES_F
Sexy bounce off 200 SMA for AAPL.
Biden speaks at noon. I think if he escalates with stronger sanctions we go down, if he adds more sanctions but are kinda weak like he did a Tuesday we go up
Biden speaks at noon. I think if he escalates with stronger sanctions we go down, if he adds more sanctions but are kinda weak like he did a Tuesday we go up
DNN rocket
AG 2000' said:oldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
So running this out -
sell covered calls on shares.
Whatever cost of calls, find same price puts out in the future, buy puts with call premiums.
What's our exit strategy down the line? When clear reversal in market?
It's just straight defense, time bound strategy. If market reverses and runs over the calls, rendering puts worthless at expiry, then the sold calls transact your shares and you move on.
If move to the downside, same thing except calls expire worthless (keep premium) but close out puts as compensation against the downside in the underlying shares. If you bought in equal amount to the shares (/100) should be close. Then close out the shares and move on
What a dirty move on $XOM
Twice now with the russian news it opens up big and then just gets piledrived within the first 30 minutes
YIKES!
Twice now with the russian news it opens up big and then just gets piledrived within the first 30 minutes
YIKES!
Not quite. You enter only a % of covered calls to number of shares by equivalent of 100 (since each call or put = 100 shares). You then use the premium from calls to enter puts against all purchased shares. You have to look for trades in earning season that have NOT announced, so premiums are inflated across all strikes.AG 2000' said:oldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
So running this out -
sell covered calls on shares.
Whatever cost of calls, find same price puts out in the future, buy puts with call premiums.
What's our exit strategy down the line? When clear reversal in market?
INTC is still producing most in the USA, and currently outsourcing some to Samsung.
I don't think youll ever see them run product at TSM
I don't think youll ever see them run product at TSM
Got it, thanks.oldarmy1 said:Not quite. You enter only a % of covered calls to number of shares by equivalent of 100 (since each call or put = 100 shares). You then use the premium from calls to enter puts against all purchased shares. You have to look for trades in earning season that have NOT announced, so premiums are inflated across all strikes.AG 2000' said:oldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
So running this out -
sell covered calls on shares.
Whatever cost of calls, find same price puts out in the future, buy puts with call premiums.
What's our exit strategy down the line? When clear reversal in market?
Was mainly focused on de-risking the handful of positions I have open right now.
Thanks E10!Engine10 said:AG 2000' said:oldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
So running this out -
sell covered calls on shares.
Whatever cost of calls, find same price puts out in the future, buy puts with call premiums.
What's our exit strategy down the line? When clear reversal in market?
It's just straight defense, time bound strategy. If market reverses and runs over the calls, rendering puts worthless at expiry, then the sold calls transact your shares and you move on.
If move to the downside, same thing except calls expire worthless (keep premium) but close out puts as compensation against the downside in the underlying shares. If you bought in equal amount to the shares (/100) should be close. Then close out the shares and move on
Weird to see oil dropping off a hot overnight start. I expected it to continue to rise.
tailgatetimer10 said:
INTC is still producing most in the USA, and currently outsourcing some to Samsung.
I don't think youll ever see them run product at TSM
https://seekingalpha.com/amp/news/3776938-intel-keen-on-closing-next-gen-chip-deal-with-tsmc
Don't think that's true
Oil prices skyrocketing and oil companies stock going down.
Planning for recession where people use less gas? Less transit, etc.?
Planning for recession where people use less gas? Less transit, etc.?
Orlando Ayala Cant Read
Joined:
May 17, 2004
Posts:
70,215
How long do you want to ignore this user?
AG
Anyone seeing this Russia thing as a ripping off the bandaid vs slow bleeding? Maybe the markets can stabilize some now?
(Not saying that's my thoughts)
(Not saying that's my thoughts)
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,976
How long do you want to ignore this user?
Orlando Ayala Cant Read said:
Anyone seeing this Russia thing as a ripping off the bandaid vs slow bleeding? Maybe the markets can stabilize some now?
(Not saying that's my thoughts)
I wouldn't say I think that's what is happening, but I think is a plausible scenario. I hope that's what is happening, because it's a lot better scenario than the alternative.
Also please post more here.
feels and looks like the first bandaid of a few. I'll reiterate 30K's comment earlier, sub 4k is where we really bounce. We could still get a good bounce today though (before more selling).Orlando Ayala Cant Read said:
Anyone seeing this Russia thing as a ripping off the bandaid vs slow bleeding? Maybe the markets can stabilize some now?
(Not saying that's my thoughts)
Mondays are quite common in these sell offs to dump it hard.
Biden to speak at 11:30 central, hold onto some puts, or reload, lol
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,976
How long do you want to ignore this user?
QQQ and lage cap high beta stocks look similar to each other, but that looks quite a bit different from SPX. SPX has less of a big move up initially and in general has been flatter. Does that potentially say we've bouncing today and those higher IV stocks are going to see a larger jump today?
Well, I made some money, small, on NVDA
You don’t trade for money, you trade for freedom.
50K account. Buying 200 shares of LGVN at 6.12
You don’t trade for money, you trade for freedom.
Using BABA since I announced buying premarket below $100. It was at $103 quickly after the open so I risked waiting to see if it held above $100 on any pullbacks...it paused and then shot to $107....I then entered $105 covered calls out to May 20 on 50% for $13.42 (average fill premiums) I turned around and bought $100 puts on 100% for $8.71 (again average).
I have $105 down to $100 or $5 at risk on the collar, should BABA tank and not recover back above $100.
I have $13.42 +$105 = $118.42 on 50% of my shares if BABA is above $105 come May 20.
I have $99.91 (entry average price) + whatever BABA share price is ANYTIME along the way upward to hold, sell, use covered calls etc. Model T on the last down trend is $129.40 + low $99.66 = 229.06/2 = $114.53 Model T
I would be reluctant to do much of anything for $14+ area on the uncommitted shares. I'd want to bargain on a trend reversal that would target a cup completion back to that $175 mark. For every 500 shares not committed to covered calls x $75 = $37500. The other 500 shares in this scenario would have been called out at $105 giving me $5/share from around $100 entry plus the $13.42 call premium minus the $8.71 = $9.71 / share gain on the 500 used for premium coverage. That's $4855 for every 500 shares + the $37500 making the total trade $42355 per 1000 shares.
Again, you could enter 6 or 7 covered calls for even more premium to completely negate 100% of the put AND guarantee a small profit should the stock collapse completely. Your upside on 300-400 shares out of 1000 is still a big win.
Hope this makes sense because it's my top advanced strategy used in times like right now. It eliminates hand sitting and missing huge upside while giving sleep at night comfort on limited locked or actually profit downside risk.
I have $105 down to $100 or $5 at risk on the collar, should BABA tank and not recover back above $100.
I have $13.42 +$105 = $118.42 on 50% of my shares if BABA is above $105 come May 20.
I have $99.91 (entry average price) + whatever BABA share price is ANYTIME along the way upward to hold, sell, use covered calls etc. Model T on the last down trend is $129.40 + low $99.66 = 229.06/2 = $114.53 Model T
I would be reluctant to do much of anything for $14+ area on the uncommitted shares. I'd want to bargain on a trend reversal that would target a cup completion back to that $175 mark. For every 500 shares not committed to covered calls x $75 = $37500. The other 500 shares in this scenario would have been called out at $105 giving me $5/share from around $100 entry plus the $13.42 call premium minus the $8.71 = $9.71 / share gain on the 500 used for premium coverage. That's $4855 for every 500 shares + the $37500 making the total trade $42355 per 1000 shares.
Again, you could enter 6 or 7 covered calls for even more premium to completely negate 100% of the put AND guarantee a small profit should the stock collapse completely. Your upside on 300-400 shares out of 1000 is still a big win.
Hope this makes sense because it's my top advanced strategy used in times like right now. It eliminates hand sitting and missing huge upside while giving sleep at night comfort on limited locked or actually profit downside risk.
Also buying 418 XSP call at $4. Stop 2.9
You don’t trade for money, you trade for freedom.
I feel like I'm the MTTR guy now, but impressive 45 minutes.
War? What war???
Featured Stories
See All
14:22
9h ago
1.8k
A&M's season ends with microcosmic second-half collapse in Las Vegas
by Olin Buchanan
Learned, Loved, Loathed: USC 35, Texas A&M 31 (2024 Las Vegas Bowl)
by Olin Buchanan
Terence Kitchens
Did Miami coach know Ward wasn't going to play in 2nd half?
in Billy Liucci's TexAgs Premium
9
BoxingAg84
Did Miami coach know Ward wasn't going to play in 2nd half?
in Billy Liucci's TexAgs Premium
9
satexas
Did Miami coach know Ward wasn't going to play in 2nd half?
in Billy Liucci's TexAgs Premium
8