**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

[RobParks2M]

Dear diary,

Today I bought KR Oct $60 calls for $55 and $65 for $30 with more orders in for $20 each. IV crush was significant today and solid earnings will drive further results once the Albertsons merger goes through. Honestly even if the merger doesn’t go through I think the market will be happy it’s decided one way or another.

I also rolled my EGY $5CC for July to Oct at $6 for a $25 credit each. Break even is $6.70 now

Edit: adding to my position as it drops for KR. Just added at 60 strike for $45 and 55 strike for 2 calls at 55 for $1.15 this sell off is strange.

[SipNPiz]

Dear diary,

Today I bought KR Oct $60 calls for $55 and $65 for $30 with more orders in for $20 each. IV crush was significant today and solid earnings will drive further results once the Albertsons merger goes through. Honestly even if the merger doesn’t go through I think the market will be happy it’s decided one way or another.

I also rolled my EGY $5CC for July to Oct at $6 for a $25 credit each. Break even is $6.70 now

Edit: adding to my position as it drops for KR. Just added at 60 strike for $45 and 55 strike for 2 calls at 55 for $1.15 this sell off is strange.

Grocery is the least sexy market segment

[Abzu]

Dear diary,

Today I bought KR Oct $60 calls for $55 and $65 for $30 with more orders in for $20 each. IV crush was significant today and solid earnings will drive further results once the Albertsons merger goes through. Honestly even if the merger doesn’t go through I think the market will be happy it’s decided one way or another.

I also rolled my EGY $5CC for July to Oct at $6 for a $25 credit each. Break even is $6.70 now

Edit: adding to my position as it drops for KR. Just added at 60 strike for $45 and 55 strike for 2 calls at 55 for $1.15 this sell off is strange.

Will look into this but I just wanted to come and say damn, lol, you could have made a fn killin on those puts but I'm sure the profits you did receive will help you get over it.

Grocery is the least sexy market segment

I like it, I'm going to check it out and report back later, they generally have great prices on their popular options lol.

What’re y’all using to invest? App/website wise

RH is easy to use but my favorite is IBKR.

[RobParks2M]

Will look into this but I just wanted to come and say damn, lol, you could have made a fn killin on those puts but I'm sure the profits you did receive will help you get over it.


I like it, I'm going to check it out and report back later, they generally have great prices on their popular options lol.



RH is easy to use but my favorite is IBKR.

I had a few $30p I got that I sold at $4.50 from 0.65 I sold today. The $35p could have been crazy though faaaaaak lmao.

Kr does well and they affirmed solid guidance. I don’t understand why they sold off today really. Tons of positive on earnings today and big catalyst with Albertsons merger possibly going through by October. Combined with cheap calls thanks to theta crush and the slight dip the calls seemed cheap especially as I continued buying as they dipped to $49 and started buying the $55C. There is always the chance too that Buffet will increase his stake which could drive more retail buying.

Bought more payow and still buying at 0.205

Trying to decide if I buy FNMA common shares with cash or if I sell preferred shares to buy commons… decisions decisions…

[dankydank]

Market rotation into oil. I could see 10% upside if oil keeps mooning for a few more weeks for Summer. With low IV the calls would still print especially if IV spike from mini pullback occurs. Indexes were trading at like 85 daily RSI

[Elias373]

PLTR with dat bull flag

parabolic move incoming

[GeneralSerpant]

PLTR with dat bull flag

parabolic move incoming

It was just one analyst report that sent the stock on its trajectory as far as I can tell.

[MinisterOfLust]

Bought more RYCEY and MKFG

[stockbruh]

It was just one analyst report that sent the stock on its trajectory as far as I can tell.

no way, we got 4 contracts in the last 2 weeks and did you even watch AIP con lol?CEO also just got a giant award and gave a speech

[stockbruh]

PLTR with dat bull flag

parabolic move incoming

50$ end of year

[Abzu]

I had a few $30p I got that I sold at $4.50 from 0.65 I sold today. The $35p could have been crazy though faaaaaak lmao.

Kr does well and they affirmed solid guidance. I don’t understand why they sold off today really. Tons of positive on earnings today and big catalyst with Albertsons merger possibly going through by October. Combined with cheap calls thanks to theta crush and the slight dip the calls seemed cheap especially as I continued buying as they dipped to $49 and started buying the $55C. There is always the chance too that Buffet will increase his stake which could drive more retail buying.

Bought more payow and still buying at 0.205

Trying to decide if I buy FNMA common shares with cash or if I sell preferred shares to buy commons… decisions decisions…

The key to the KR calls is duration and delta, unfortunately, I see KR going to about $46 as the next stop and that could be the bottom to buy calls on or double/triple down.

I'm about to buy more calls on NVDA at open(sold the others at ~132), recently bought puts on HPE, HIMS and CL, I'm still looking to sell puts/buy calls on DJT.

Market is about to open so I apologize for not commenting in more detail, will try to circle back on FNMA and DJT, GL today.

[Abzu]

Called my shot on NVDA and already making $$$ lol =] I also bought more calls on AAPL yesterday when it was around ~209.

[stockbruh]

PLTR with dat bull flag

parabolic move incoming

Everytime you come in here and shill this stupid stock tanks I swear

[GeneralSerpant]

50$ end of year

$32-35

[NestBrah]

Called my shot on NVDA and already making $$$ lol =] I also bought more calls on AAPL yesterday when it was around ~209.

I'm averaging in as you advised but hoping for this upcoming crash to happen soon. Feeling too much FOMO right now.

[Visel]

As anyone who reads my posts knows, I'm super bullish on NVDA. And evidently (if you go back far enough) to the point of making stupid decisions and losing money lol.

Well...

I accidentally did the wrong thing... I "SOLD TO OPEN" 4 NVDA Calls. I meant to "BUY TO OPEN". I freaked out, and I undid my mistake (BUY TO CLOSE limit order on opening) and accidentally made a $1k profit.

So basically, I accidentally bet against NVDA, which I'd never do intentionally. But made $1k from the mistake.

[Abzu]

As anyone who reads my posts knows, I'm super bullish on NVDA. And evidently (if you go back far enough) to the point of making stupid decisions and losing money lol.

Well...

I accidentally did the wrong thing... I "SOLD TO OPEN" 4 NVDA Calls. I meant to "BUY TO OPEN". I freaked out, and I undid my mistake (BUY TO CLOSE limit order on opening) and accidentally made a $1k profit.

So basically, I accidentally bet against NVDA, which I'd never do intentionally. But made $1k from the mistake.

How is the account balance looking?

I'm averaging in as you advised but hoping for this upcoming crash to happen soon. Feeling too much FOMO right now.

Averaging into what?

$32-35

Probably true.

[Visel]

How is the account balance looking?



Averaging into what?

Currently hovering over $148k. I'm 98% port NVDA shares so whatever NVDA does, my account will mimic.

Picked up some July 12th NVDA calls (buying to open this time lol) this AM, that's where the remaining 2% is at right now.

[Abzu]

Currently hovering over $148k. I'm 98% port NVDA shares so whatever NVDA does, my account will mimic.

Picked up some July 12th NVDA calls (buying to open this time lol) this AM, that's where the remaining 2% is at right now.

Sounds good and I think it is likely to pay before 07/05.

[RobParks2M]

Buying fnma commons today. No idea why they are down 17% but I’ll take em!

[NestBrah]

How is the account balance looking?



Averaging into what?



Probably true.

S&P 500 tracker.

[Abzu]

S&P 500 tracker.

Why have you been buying that? You know it's overvalued lol. You would be better off buying calls on the SPY with a long expiration as you also know it is not done going up but this would allow you to better manage risk for the same return or better.

The SPY is going to very likely correct soon by time and price so I would sell out soon, buy puts until the SPY hits ~480 and then buy calls on the SPY/NVDA until the market tops out around 5700-6000.

You can make moves in a dangerous, toppy market if you are strategic, you'll get caught in the correction/crash if you buy in now and you won't enjoy the gains as it rises if you don't.

[Abzu]

That approach may be a little aggressive for a beginner so a safer way to protect yourself would be to hold your shares and buy puts, sell your puts at 480-440 and average down with that money, do the same thing when the S&P goes to 5700-6000.

If you use the first approach then you could sell out, buy puts and lose the premium along with the gains you would have made if you held, this could discourage you from buying back in or to try buying puts again.

With this approach you only lose the premium you pay for your options but win on what you are holding.

[Abzu]

The way I approach the market is a little more complicated.

I only buy shares by the 100 and I only buy stock that pays a dividend, I sell short expiration calls on it at short-term resistance then sell calls/buy puts out to a long expiration at major resistance.

I don't look at the S&P all that much, I most often play a high volume of individual stocks through options, I'm always holding puts(HPE, CL, HIMS) and calls(AAPL, NVDA, CELH) at the same time and I try to sell as many puts as I have cash. If I'm playing a put or a call out to a long date then I will often buy the opposite play for a shorter duration when the stock moves in my direction(especially if it does it quickly). I have 3 set levels where I plan to enter the trade and average down, I often won't buy any option more than 3 times and I buy a better strike price if the stock doesn't fall at my initial entry.



Theres more to it than that but that is the basic outline.



The S&P doesn't have to go down it can rotate.

[SipNPiz]

My state wants to pass UBI of $750 a year, going to be on our ballot this fall.

[NestBrah]

Why have you been buying that? You know it's overvalued lol. You would be better off buying calls on the SPY with a long expiration as you also know it is not done going up but this would allow you to better manage risk for the same return or better.

The SPY is going to very likely correct soon by time and price so I would sell out soon, buy puts until the SPY hits ~480 and then buy calls on the SPY/NVDA until the market tops out around 5700-6000.

You can make moves in a dangerous, toppy market if you are strategic, you'll get caught in the correction/crash if you buy in now and you won't enjoy the gains as it rises if you don't.

Thanks for the response man.

Yes I know it's way overvalued which is why I've only put around 3% of my available cash resources into the market so far. I'm planning to just buy every week for the next few years.

My feeling is that this bubble can keep inflating for much longer than it should, so I don't want to fully miss out if it does. But yeah, I agree with you, a correction is surely coming.

I'm tired of always being wrong.

If the S&P 500 gets to 4800, I'll throw in 30% + and DCA the rest.

What do you think?