Back at ya. I'm far from an expert but try to help when I can. I stopped thinking I could predict the market and time stocks long ago. I'll still take little opportunities here and there if something jumps out, but for the most part I'm all in indexes. Selling options is the only way I'm actively trading most of the time anymore. I actually haven't been putting much in my taxable accounts where I do this stuff because I've been focusing on getting my Roth started. I was dumb and put it off for way too long.
There's nothing necessarily wrong with it, and sideways movement is usually really good for iron condors. Personally, I don't think I'd get into HD right now though because IV is really low for them, which isn't ideal for entering most premium selling positions. They also have earnings coming up in a month, which will tend to increase volatility. However, you could do one in the Feb monthly cycle and avoid earnings if you really wanted to try something.
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Closed Thread
Results 9,121 to 9,150 of 11945
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01-21-2021, 08:04 AM #9121
Last edited by SpeedCheeser; 01-21-2021 at 08:22 AM.
Misc Firearms Crew
Official Supp. Misc Beer Crew
RIP YGST
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01-21-2021, 08:12 AM #9122
There are rumors that MMs are pinning it down because they don't want it to pop until after the merger (convenient excuse for bulls, eh)
Also post merger GHIV will be worth less than 6% of the parent company (UWM).. so there are fears that it might get diluted by a fair bit driving the price below $10
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01-21-2021, 08:24 AM #9123
I think in a few years we'll be looking back wishing we'd put a ton of money in PLTR. Have been looking to get into it long term, then selling the $50 calls just came to me. I'd be fine with doubling my money in a year on a long term hold, plus a nice covered call premium.
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01-21-2021, 08:28 AM #9124
Hmm CRSR is down a fair bit and has some nice 2/19 CC premiums ($2.74 @ $40 strike)
Edit: Bought 300 shares, opened three 2/19 CCs ($2.76 @ $40 strike)
Earnings on 2/9 I believe, if it moves above $40 I'll just buy shares to cover the lossLast edited by TugOfPeace; 01-21-2021 at 08:44 AM.
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01-21-2021, 08:47 AM #9125
- Join Date: Aug 2010
- Location: State / Province, Canada
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Ford announced nothing like zero.
And its up 10 percent.
This is rotation from GM to Ford.
........
GME starting to move again.
Idiots Citron can't even run livestream.
So much fail. They must have short position in GME.
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01-21-2021, 08:52 AM #9126
Bloody candles everywhere
Once a son of light, now a creature in the night
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01-21-2021, 08:57 AM #9127
- Join Date: Aug 2010
- Location: State / Province, Canada
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About PLTR and its demo day next week.
There is big drop on IV on PLTR and option volume.
Next week $30 are 0.3.
Whatever they are planning doesn't seem much hype is there.
Lot got burned on 1/22 options.
Its gonna require something big for them to moon.
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01-21-2021, 08:59 AM #9128
If it were me, I'd be selling calls much closer in expiration. If you start in the March cycle, you can still get almost $1 for the $50 strike call, and you can do that 6-8 times until January, which should net more credit. I'd be looking at a closer strike though and collecting more early on and adjusting up or down with each new call as necessary.
Misc Firearms Crew
Official Supp. Misc Beer Crew
RIP YGST
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01-21-2021, 09:12 AM #9129
Last edited by chino3; 01-21-2021 at 09:17 AM.
"It won't get better, just different."
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01-21-2021, 09:17 AM #9130
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01-21-2021, 09:38 AM #9131
- Join Date: Jul 2015
- Location: Oslo, Norway
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GME YOLO with shares is a fun ride. Holding through thick and think until GME is in triple digits
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01-21-2021, 09:38 AM #9132
sold my AMC at 3.05
sell order CCIV at 17.67
ARKG buy order 109.25
ARKK buy order 144.50
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01-21-2021, 09:40 AM #9133
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01-21-2021, 09:44 AM #9134
PLTR has pretty much fallen by the way side of WSB, so I think it will be a lot more stable. It has the potential to absolutely explode depending on demo day, but as long as IV stays solid, I will continue to play with writing options.
As for 45 dte having more profit potential than say a leap, is you have diminishing returns when it comes to premiums. Right now for 2/19 expiry @ $34 strike (30% above current trading price) the premium is $1. OP was saying a 1/22/22 $50 strike is $4 and change. If you can average. Even if IV drops off, you should be able to average more than $.50 premiums every 30-45 days with "safe" strikes, which would yield way more than the OP's premium, and allows for far more flexibility."It won't get better, just different."
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01-21-2021, 09:58 AM #9135
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01-21-2021, 10:22 AM #9136
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01-21-2021, 10:43 AM #9137
my initial for ARKG was 91.50. it's hard just to throw down though. just keep adding. it's hard because these things don't dip that much.
regretting ARKK initial buy in was 93.
regretting even more because somebody mentioned ARKK to me around 60 something. or was it ARKW which makes it even worse....
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01-21-2021, 10:48 AM #9138
- Join Date: Apr 2009
- Location: Jacksonville, Florida, United States
- Age: 36
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Got 100 shares of ARKG @ $103. Been selling puts/calls on it recently with good success.
Just sold a 3/19 $100p on it for $5.50
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01-21-2021, 11:18 AM #9139
Feels on ARKs...At least you *******s got in. I set fairly aggressive CSP's and they all expired worthless:
"It won't get better, just different."
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01-21-2021, 11:30 AM #9140
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 11,347
- Rep Power: 52743
not sure if this is Intel fake hype before close.
crossed $60.
50 contracts 55$P not looking so good lol
bought at 0.35 now down to 0.25.
AMD $100C looking good though.
this could balance out.
whats crazy on intel.
there is equal volume on puts and calls 1/22.
nobody knows.
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01-21-2021, 11:33 AM #9141
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01-21-2021, 11:38 AM #9142
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01-21-2021, 11:44 AM #9143
- Join Date: Apr 2009
- Location: Jacksonville, Florida, United States
- Age: 36
- Posts: 3,683
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I got burned last INTC earnings by doing strangles. Reversing course this time and buying a couple puts.
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01-21-2021, 11:48 AM #9144
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01-21-2021, 11:54 AM #9145
help I'm going broke trading options
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01-21-2021, 11:55 AM #9146
Bought some BQ. Apparently it’s the Chinese version of CHWY.
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01-21-2021, 11:59 AM #9147
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01-21-2021, 12:02 PM #9148
I completely missed the boat on the whole ARK ordeal. Can someone give me cliffs?
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01-21-2021, 12:04 PM #9149
- Join Date: May 2009
- Location: Los Angeles, California, United States
- Age: 32
- Posts: 22,676
- Rep Power: 36255
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
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01-21-2021, 12:10 PM #9150
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