bought HOOD dip
insane quarter, market skeptical
insane quarter, market skeptical
Open AI will not unveil their AI search on Monday as previously announced. It's a direct challenge to GOOG monopoly.EnronAg said:
time for afternoon rocket...bears thru in the towel at SPY $520...
what's the news on GOOG?!?!
Brian Earl Spilner said:
Shifting back to conservative mode. Took TQQQ and TNA profits, and shifting a large chunk of cash back into a money market fund.
Still left a bit TNA and SSO in though in case of a bounce.
Still playing around with the idea posted by 59 South around looking for beaten down stocks with upcoming earnings. It would have worked out by pocketing premium with the three I highlighted originally and it didn't really seem dependent on whether the earnings were good, bad, or mixed as long as you picked strikes a bit out of the money.bhanacik said:I'm was sitting at home on my day off with a sick kiddo and played around with this today. Think or Swim has a nifty scan that shows earnings coming up in the next 5 days. I started with that and added a few filters. Here were the tickers I was watching with a few data points:59 South said:
You guys have turned into a freaking bear cave.
I sold 60 $ENVX 5/3 5.5 puts yesterday for .36. Strategy I'm working on- find beat up stock right before earnings with juiced premium and sell puts. This trade is a week long and should net $2160.
Ties up about $31k for a week. Earns about 7% on that capital in a week! Be the house.
Sell the puts fairly out of the money. If called out (fairly unlikely) then immediately sell covered calls out a month at same strike puts were sold.
I had limit orders in for the ones in green and only got filled on 3 of the contracts for SAVE. We'll see what happens.
Interesting thought exercise for the day; thanks for posting the idea
bhanacik said:Still playing around with the idea posted by 59 South around looking for beaten down stocks with upcoming earnings. It would have worked out by pocketing premium with the three I highlighted originally and it didn't really seem dependent on whether the earnings were good, bad, or mixed as long as you picked strikes a bit out of the money.bhanacik said:I'm was sitting at home on my day off with a sick kiddo and played around with this today. Think or Swim has a nifty scan that shows earnings coming up in the next 5 days. I started with that and added a few filters. Here were the tickers I was watching with a few data points:59 South said:
You guys have turned into a freaking bear cave.
I sold 60 $ENVX 5/3 5.5 puts yesterday for .36. Strategy I'm working on- find beat up stock right before earnings with juiced premium and sell puts. This trade is a week long and should net $2160.
Ties up about $31k for a week. Earns about 7% on that capital in a week! Be the house.
Sell the puts fairly out of the money. If called out (fairly unlikely) then immediately sell covered calls out a month at same strike puts were sold.
I had limit orders in for the ones in green and only got filled on 3 of the contracts for SAVE. We'll see what happens.
Interesting thought exercise for the day; thanks for posting the idea
Looking ahead for the next 10 days, these were the tickers that caught my eye. I have limit orders set for the ones highlighted and will report back on if they get filled next week and if I get assigned or not. Not a bad percentage for tying up a little bit of cash for a week.
. Downside potential isn't any worse than owning the shares outright unless you sell more puts than you have money to cover. It's all about position sizing.DavysApprentice said:bhanacik said:Still playing around with the idea posted by 59 South around looking for beaten down stocks with upcoming earnings. It would have worked out by pocketing premium with the three I highlighted originally and it didn't really seem dependent on whether the earnings were good, bad, or mixed as long as you picked strikes a bit out of the money.bhanacik said:I'm was sitting at home on my day off with a sick kiddo and played around with this today. Think or Swim has a nifty scan that shows earnings coming up in the next 5 days. I started with that and added a few filters. Here were the tickers I was watching with a few data points:59 South said:
You guys have turned into a freaking bear cave.
I sold 60 $ENVX 5/3 5.5 puts yesterday for .36. Strategy I'm working on- find beat up stock right before earnings with juiced premium and sell puts. This trade is a week long and should net $2160.
Ties up about $31k for a week. Earns about 7% on that capital in a week! Be the house.
Sell the puts fairly out of the money. If called out (fairly unlikely) then immediately sell covered calls out a month at same strike puts were sold.
I had limit orders in for the ones in green and only got filled on 3 of the contracts for SAVE. We'll see what happens.
Interesting thought exercise for the day; thanks for posting the idea
Looking ahead for the next 10 days, these were the tickers that caught my eye. I have limit orders set for the ones highlighted and will report back on if they get filled next week and if I get assigned or not. Not a bad percentage for tying up a little bit of cash for a week.
Selling puts has always been something I struggle with doing even though generally speaking this strategy by 59 is a good one.
I guess it's the massive potential downside if things tank on you. Do you at least buy a put significantly below the strike you sold to somewhat cap losses if the worst happens?
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
My post or his image?Talon2DSO said:
I don't know what this means
🎮 We're all familiar with this posture. What would you call it?
— GameStop (@GameStop) February 7, 2024
Tag your friends & tell us your technique below.#GameStop #VideoGames #Gamer pic.twitter.com/PpbTCJC666
GreasenUSA said:— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Roaring Kitty just came out of hiding after 3 years. Guess GME has been waking up.
was just going to post this as I've been watching since it was brought up. Might consider a trim as it's been up for 5 consecutive weeksMaximus Johnson said:
HUMA above $5. Considering selling and taking my 40% profit. Thoughts?
in with you, looks goodHeineken-Ashi said:
CLF is a buy right here, looking for $19-$21 range, stop $17
I don't know how much stock (pun intended) you guys put into things like this, but this little blurb is the only reason I didn't sell half my shares a few minutes ago (I am admittedly a novice at trading)bhanacik said:was just going to post this as I've been watching since it was brought up. Might consider a trim as it's been up for 5 consecutive weeksMaximus Johnson said:
HUMA above $5. Considering selling and taking my 40% profit. Thoughts?