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jimmo
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1:42p, 3/17/22

as long as you have this line correct (yellow arrow)
you'll catch the RDRs (green reversal bars)
the rest you can filter as you like

of course - reverse for short RDRs
change the time-frame and you can catch 1hr, 4hr, or even15min. RDRs
lots of possibilities
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FJ43
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1:43p, 3/17/22

VEON

If anyone followed from my post a week or so ago at .26/.27 flash down it's at .50s. I trimmed a little and will trim again in the high .60s.

The rest I'll hold to $1+ or set a wide trailing stop.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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1:50p, 3/17/22
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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SF2004
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In reply to FJ43 • 1:56p, 3/17/22
AG
FJ43 said:
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
UN-related to your calls but I am running the wheel on DKNG right now. My cost basis is 19.63 and my account shows a loss.

I know I have collect more premium than that and the trade is positive.

Does my call premium that expires worthless no go into my cost basis?
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slacker00
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In reply to SF2004 • 2:03p, 3/17/22
AG
Your broker will not show it in the cost basis of the open position (shares). It is counted as a separate trade. You have to track it yourself. Tastyworks actually has a tool called order chains which can track this for you, but even then it does not show in the cost basis of the shares (because they are separate trades).
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BrokeAssAggie
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2:04p, 3/17/22
SPY wants to break $440
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FJ43
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In reply to SF2004 • 2:04p, 3/17/22
SF2004 said:
FJ43 said:
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
UN-related to your calls but I am running the wheel on DKNG right now. My cost basis is 19.63 and my account shows a loss.

I know I have collect more premium than that and the trade is positive.

Does my call premium that expires worthless no go into my cost basis?


No unfortunately any premium you gain via selling calls will be considered a trade within itself. While you technically lowered your cost your system cost will show your original average cost. You'll have to track that manually. Margin wise it will show those values against that until call trade is closed.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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Spoony Love
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In reply to BrokeAssAggie • 2:09p, 3/17/22
AG
That's what I am counting on. It certainly keeps pushing toward it.
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FJ43
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In reply to SF2004 • 2:13p, 3/17/22
SF2004 said:
FJ43 said:
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
UN-related to your calls but I am running the wheel on DKNG right now. My cost basis is 19.63 and my account shows a loss.

I know I have collect more premium than that and the trade is positive.

Does my call premium that expires worthless no go into my cost basis?

Not sure what dates and strikes you sold against and how profitable those trades are but I often buy back my calls on any dip then resell on the next spike.

DNN was a good example. Sold 1.50 calls expiring tomorrow for .19 a while back. Bought them back for .05 a day or so ago when the shares dipped into the mid 1.40s. Now the shares are back in the 1.60s. Rinse and repeat. I would have lost those shares most likely tomorrow.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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BrokeAssAggie
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In reply to Spoony Love • 2:14p, 3/17/22
Spoony Love said:
That's what I am counting on. It certainly keeps pushing toward it.
bears said..not today!
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BrokeAssAggie
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2:25p, 3/17/22
Now that's pretty damn funny..

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austinAG90
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2:27p, 3/17/22
AG
Oil Soaring..9%...Gas Up 13%... Long Bonds Given Up All Their Gains...Stocks?

The markets are reversing all the long treasury gains and flattening of the day..5/30 is 4.6 STEEPER... Oil is soaring... Someone knows something... Maybe their will be more attacks or headlines going into the weekend... Our GLCO Bloomberg page is showing WTI and Brent up over 9%...Gas and Heating Oil up either side of 13%...Equities are off just off their highs... We still think the bigger trend for now is risk on... But it is tricky. Corporate spreads are better
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mazag08
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In reply to FJ43 • 2:28p, 3/17/22
AG
FJ43 said:
SF2004 said:
FJ43 said:
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
UN-related to your calls but I am running the wheel on DKNG right now. My cost basis is 19.63 and my account shows a loss.

I know I have collect more premium than that and the trade is positive.

Does my call premium that expires worthless no go into my cost basis?

Not sure what dates and strikes you sold against and how profitable those trades are but I often buy back my calls on any dip then resell on the next spike.

DNN was a good example. Sold 1.50 calls expiring tomorrow for .19 a while back. Bought them back for .05 a day or so ago when the shares dipped into the mid 1.40s. Now the shares are back in the 1.60s. Rinse and repeat. I would have lost those shares most likely tomorrow.
Ha!

DNN, BLDE, and REI have been money makers for me on this weekly swings.

This morning I bought ITM $1.50 March calls on DNN for $0.08. Have a sell order ready to execute at $0.16. This is after selling the shares I bought last year at $1.10 for $1.80 last week.
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Ccutamu
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In reply to mazag08 • 2:34p, 3/17/22
mazag08 said:
FJ43 said:
SF2004 said:
FJ43 said:
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
UN-related to your calls but I am running the wheel on DKNG right now. My cost basis is 19.63 and my account shows a loss.

I know I have collect more premium than that and the trade is positive.

Does my call premium that expires worthless no go into my cost basis?

Not sure what dates and strikes you sold against and how profitable those trades are but I often buy back my calls on any dip then resell on the next spike.

DNN was a good example. Sold 1.50 calls expiring tomorrow for .19 a while back. Bought them back for .05 a day or so ago when the shares dipped into the mid 1.40s. Now the shares are back in the 1.60s. Rinse and repeat. I would have lost those shares most likely tomorrow.
Ha!

DNN, BLDE, and REI have been money makers for me on this weekly swings.

This morning I bought ITM $1.50 March calls on DNN for $0.80. Have a sell order ready to execute at $0.16. This is after selling the shares I bought last year at $1.10 for $1.80 last week.
Mazag... did you buy the March calls for .08 or .80? Just want to make sure I am understanding you. As it stands, you look to take a helluva loss.
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wanderer
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In reply to Ccutamu • 2:39p, 3/17/22
Has to be .08
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TecRecAg
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2:40p, 3/17/22
AG
MTTR up 8% today.

Ok back to my hole.

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Spoony Love
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In reply to BrokeAssAggie • 2:42p, 3/17/22
AG
BrokeAssAggie said:
Spoony Love said:
That's what I am counting on. It certainly keeps pushing toward it.
bears said..not today!
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BrokeAssAggie
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2:43p, 3/17/22
rippy into the close..
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Ccutamu
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In reply to BrokeAssAggie • 2:44p, 3/17/22
BrokeAssAggie said:
Spoony Love said:
That's what I am counting on. It certainly keeps pushing toward it.
bears said..not today!
bulls said... hold my beer!
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McInnis 03
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In reply to McInnis 03 • 2:44p, 3/17/22
AG
McInnis 03 said:
If we hit ES 4402 I'll get some SPY puts
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mazag08
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In reply to Ccutamu • 2:45p, 3/17/22
AG
Ccutamu said:
mazag08 said:
FJ43 said:
SF2004 said:
FJ43 said:
Sold rest of April DKNG calls here. Lots of time but 125% is enough for me. I may buy again on a dip.

Congrats if you took the trade.
UN-related to your calls but I am running the wheel on DKNG right now. My cost basis is 19.63 and my account shows a loss.

I know I have collect more premium than that and the trade is positive.

Does my call premium that expires worthless no go into my cost basis?

Not sure what dates and strikes you sold against and how profitable those trades are but I often buy back my calls on any dip then resell on the next spike.

DNN was a good example. Sold 1.50 calls expiring tomorrow for .19 a while back. Bought them back for .05 a day or so ago when the shares dipped into the mid 1.40s. Now the shares are back in the 1.60s. Rinse and repeat. I would have lost those shares most likely tomorrow.
Ha!

DNN, BLDE, and REI have been money makers for me on this weekly swings.

This morning I bought ITM $1.50 March calls on DNN for $0.80. Have a sell order ready to execute at $0.16. This is after selling the shares I bought last year at $1.10 for $1.80 last week.
Mazag... did you buy the March calls for .08 or .80? Just want to make sure I am understanding you. As it stands, you look to take a helluva loss.
.08. Sorry.
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BrokeAssAggie
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In reply to McInnis 03 • 2:47p, 3/17/22
McInnis 03 said:
McInnis 03 said:
If we hit ES 4402 I'll get some SPY puts
I am going $436 SPY puts.
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Ccutamu
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2:50p, 3/17/22
Anyone still bag holding SYN? Having a nice day at 43%.
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Aggie1391
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In reply to Ccutamu • 2:59p, 3/17/22
Bag holder here
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spud1910
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In reply to Ccutamu • 3:02p, 3/17/22
AG
Yep
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Charismatic Megafauna
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3:02p, 3/17/22
AG
Holy hulk schlong
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McInnis 03
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In reply to BrokeAssAggie • 3:10p, 3/17/22
AG
BrokeAssAggie said:
McInnis 03 said:
McInnis 03 said:
If we hit ES 4402 I'll get some SPY puts
I am going $436 SPY puts.
Bought 435p for 3/25 right at the bell when that big spike popped up. They're up 8% for the moment.
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BrokeAssAggie
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In reply to McInnis 03 • 3:12p, 3/17/22
McInnis 03 said:
BrokeAssAggie said:
McInnis 03 said:
McInnis 03 said:
If we hit ES 4402 I'll get some SPY puts
I am going $436 SPY puts.
Bought 435p for 3/25 right at the bell when that big spike popped up. They're up 8% for the moment.


I think we get a down day tomorrow.
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mazag08
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In reply to Ccutamu • 3:13p, 3/17/22
AG
Ccutamu said:
Anyone still bag holding SYN? Having a nice day at 43%.
It was always a "I'll buy 1,000 shares and do nothing unless it hits $1.00 or higher." play.

I'll hold it for 20 years. Don't care.
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mazag08
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3:13p, 3/17/22
AG
Follow up on yesterday's post.. tomorrow will be interesting.

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McInnis 03
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3:15p, 3/17/22
AG
What happens when McFly introduces the idea of butterflies to one of the bigger pumper audiences on fintwit?

I'll let you know.


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Ccutamu
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In reply to mazag08 • 3:15p, 3/17/22
mazag08 said:
Ccutamu said:
Anyone still bag holding SYN? Having a nice day at 43%.
It was always a "I'll buy 1,000 shares and do nothing unless it hits $1.00 or higher." play.

I'll hold it for 20 years. Don't care.
PT was raised to $2.25 today from $1.25. A guy can hope.
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Wannabud
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In reply to Jet Black • 3:16p, 3/17/22
AG
Jet Black said:
FUBO/NIO thoughts?
Buy FUBO every time it is in that $6-6.50 range and be willing to lose all of your money anytime in the next 3 years. CEO said earlier in the week that profitability comes around 3M subs. They are at 1M now and think they will be at 1.5M at the end of 2022. Do the math on estimates from there for where your horizon may be for them to be in a much better position to survive and start eating up some meaningful content ownership that would drive subs to their platform.
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mazag08
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In reply to Ccutamu • 3:18p, 3/17/22
AG
Ccutamu said:
mazag08 said:
Ccutamu said:
Anyone still bag holding SYN? Having a nice day at 43%.
It was always a "I'll buy 1,000 shares and do nothing unless it hits $1.00 or higher." play.

I'll hold it for 20 years. Don't care.
PT was raised to $2.25 today from $1.25. A guy can hope.
Well I'm already holding WWR and CLOV until $90.

I think SYN can get $2.25.
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Brian Earl Spilner
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3:20p, 3/17/22
AG
"St. Patrick's Day historically tends to be one of the "most green" days of the year for stocks, according to data from LPL Financial. The S&P 500 is up 0.37% on average, making it one of the best days of the year."
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