Ragoo said:
Is BOIL a leveraged ETF? Don't they all decay over time?
Yes. I want to see how we open but I will defend through covered calls.
You don’t trade for money, you trade for freedom.
Stock Markets
25,054,199 Views |
233821 Replies |
Last: 5 hrs ago by Ragoo
Yes. I want to see how we open but I will defend through covered calls.
It moves so much over a week or two sometimes that decay is the last thing you worry about.
For the decay, Can you just buy and sell the same day every so often to rest it?
if you've not already sold them or bought puts, you will have to do some flipping, no?$30,000 Millionaire said:Ragoo said:
Is BOIL a leveraged ETF? Don't they all decay over time?
Yes. I want to see how we open but I will defend through covered calls.
Yes, scalp it, don't hold. which I think you already do, right?Philip J Fry said:
For the decay, Can you just buy and sell the same day every so often to rest it?
apologies to those that are long it, hopefully at least model T's back up this week.
perma Brew doomster said:if you've not already sold them or bought puts, you will have to do some flipping, no?$30,000 Millionaire said:Ragoo said:
Is BOIL a leveraged ETF? Don't they all decay over time?
Yes. I want to see how we open but I will defend through covered calls.
I'll sell ITM calls to get out basically.
You don’t trade for money, you trade for freedom.
wanderer said:Heineken-Ashi said:
This action in nat gas is the kind of thing that happens at the end of a trend. And that trend has been down since end of last winter.
NG trend has been down since August, but definitely not since last winter.
The 1-2 month move up we had retraced the losses from the big move down following winter. Then it lost all ground and dropped to new lows. Admittedly, those 1-2 months were a solid uptrend and you could have made some serious money, but it didn't establish a new bull market and it definitely didn't establish itself. It's a very clear bear market bounce looking back. It's a very similar layout to what happens when anything hits a blow off top. You end up with a wonky looking bra where the right cup hangs lower than the left. That's why I'm not convinced it's not going lower in one more final move. And the daily trend is now firmly back down. But once it finishes and established the next move up, it will be very lucrative.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
And watch NG futures to determine trend, not an ETF. ETF's are reactionary, even if closely linked. The best picture is the commodity itself.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Last winter....
We'll be able to get out. Don't worry.
If it's not trending up by morning, I'm going to sell ITM cc to escape.
If it's not trending up by morning, I'm going to sell ITM cc to escape.
You don’t trade for money, you trade for freedom.
Ok I'm a couple months off.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Off topic a little but I thought you could choose which shares to be assigned? I had some Mara shares and did CCs on them. Some I had at $6.60 and others around $7.50. But I wanted to unload the $6.60 ones for my $6.50 cc but it took the higher ones. Any help is appreciated
BOIL is going to test my discipline today. Do I respect the $30 stop I gave this trade?
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
Somewhere around 3 to 4am this morning, Russia gave double birds to the West declaring price caps will destabilize crude pricing. Brent and WTI took notice. Maybe that crude options trader that Kramer talked to a few days back, noting that crude would be the mother of all buys after Thanksgiving is having champagne this morning..
ETA - btw if you never had champagne and quiche for breakfast, try it, you'll like it!
ETA - btw if you never had champagne and quiche for breakfast, try it, you'll like it!
Triple_Bagger said:
BOIL is going to test my discipline today. Do I respect the $30 stop I gave this trade?
I'm going to sell ITM cc on this.
$30,000 Millionaire said:Triple_Bagger said:
BOIL is going to test my discipline today. Do I respect the $30 stop I gave this trade?
I'm going to sell ITM cc on this.
For Friday?
BOIL -13%
bmoochie said:
Off topic a little but I thought you could choose which shares to be assigned? I had some Mara shares and did CCs on them. Some I had at $6.60 and others around $7.50. But I wanted to unload the $6.60 ones for my $6.50 cc but it took the higher ones. Any help is appreciated
Yes you should be able to adjust this. What brokerage are you using?
I use fidelity and adjust all the time to manage which shares get sold or assigned. In fidelity, under closed positions, you can select lot reallocation and pick which lots get selected.
I am not sure how much time that you might have to do this, as it might only be a few days after assignment
irish pete ag06 said:$30,000 Millionaire said:Triple_Bagger said:
BOIL is going to test my discipline today. Do I respect the $30 stop I gave this trade?
I'm going to sell ITM cc on this.
For Friday?
Possibly. I want to see this get at least a bit of a bounce before I do it. I will post here what I do.
$30,000 Millionaire said:irish pete ag06 said:$30,000 Millionaire said:Triple_Bagger said:
BOIL is going to test my discipline today. Do I respect the $30 stop I gave this trade?
I'm going to sell ITM cc on this.
For Friday?
Possibly. I want to see this get at least a bit of a bounce before I do it. I will post here what I do.
There are going to be a lot of people exiting right at the open on this.
E*Trade
Here's what I'm thinking. I want to give this at least thirty minutes to deal with the cash session open.
If we set a low, if we lose that low, I will sell ITM covered calls out a couple of weeks. I will post here what I do.
If we advance up, I want to sell cc around 32 if we get there.
If we set a low, if we lose that low, I will sell ITM covered calls out a couple of weeks. I will post here what I do.
If we advance up, I want to sell cc around 32 if we get there.
Look at the volume. Lots of buyers here.
Farmer @ Johnsongrass, TX said:
Somewhere around 3 to 4am this morning, Russia gave double birds to the West declaring price caps will destabilize crude pricing. Brent and WTI took notice. Maybe that crude options trader that Kramer talked to a few days back, noting that crude would be the mother of all buys after Thanksgiving is having champagne this morning..
ETA - btw if you never had champagne and quiche for breakfast, try it, you'll like it!
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Have a 2% trailing buy on BOIL that should be triggering at 30.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
Watching closely. Sub $30 is an excellent price. $23 is its 52wl.
Already up to average volume.
KIRK has 5x the daily volume over the last 30 days, news incoming?
RE: BOIL
I didn't respect my stop (degenerate).
Averaged down to a $31/share cost. Sold 12/16 C30s @4 per contract against all shares. Will net $300/lot if called away on 12/16 (~10% profit).
I typically target 10-15% monthly profit on buy/writes, so this isn't too bad considering the shorter time frame (2 weeks).
We'll see if it holds.
I didn't respect my stop (degenerate).
Averaged down to a $31/share cost. Sold 12/16 C30s @4 per contract against all shares. Will net $300/lot if called away on 12/16 (~10% profit).
I typically target 10-15% monthly profit on buy/writes, so this isn't too bad considering the shorter time frame (2 weeks).
We'll see if it holds.
So far it looks like the initial move yesterday was the fakeout.
/CL diving $3+ this morn
/CL diving $3+ this morn
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,985
How long do you want to ignore this user?
AG
Clean follow through in #ES_F: Loss of 4040 was trigger down to 4k-4010 as posted and coming into target area now. It is quite likely ES builds a wide range base this week to setup for CPI/FOMC next week. The real catalyst
— Adam Mancini (@AdamMancini4) December 5, 2022
Decent support here. Bulls can't bounce, 3965 next down. https://t.co/aUBxsRoYdM
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
CPI will show improvement
Descending triangle on OXY
Great. I got in OXY at $69.42.
Featured Stories
See All
85:33
10h ago
4.3k
Texas A&M earns top-25 win over Creighton in Las Vegas, 77-73
by Luke Evangelist
7:22
14h ago
7.3k
78669AG
Will it take a couple years to restore the hatred/rivalry?
in Billy Liucci's TexAgs Premium
4