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06-20-2024, 08:27 AM #6031
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06-20-2024, 08:47 AM #6032
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: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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06-20-2024, 10:12 AM #6033
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…Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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06-20-2024, 10:39 AM #6034
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06-20-2024, 11:17 AM #6035
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06-20-2024, 12:53 PM #6036
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06-20-2024, 02:56 PM #6037
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06-21-2024, 04:19 AM #6038
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06-21-2024, 04:19 AM #6039
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06-21-2024, 06:11 AM #6040
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.I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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06-21-2024, 06:43 AM #6041
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06-21-2024, 06:56 AM #6042
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06-21-2024, 07:20 AM #6043
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06-21-2024, 07:53 AM #6044
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06-21-2024, 07:53 AM #6045
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.
i7-14700k
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Everything I write is NOT financial advice.
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06-21-2024, 08:06 AM #6046
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06-21-2024, 08:08 AM #6047
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06-21-2024, 08:12 AM #6048
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06-21-2024, 09:24 AM #6049
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06-21-2024, 09:40 AM #6050
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06-21-2024, 09:57 AM #6051
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.Last edited by Abzu; 06-21-2024 at 10:03 AM.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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06-21-2024, 10:59 AM #6052
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.Last edited by Abzu; 06-21-2024 at 11:07 AM.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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06-21-2024, 12:11 PM #6053
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.I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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06-21-2024, 12:29 PM #6054
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06-21-2024, 12:43 PM #6055
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?
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06-21-2024, 02:57 PM #6056
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06-21-2024, 03:47 PM #6057
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06-21-2024, 06:13 PM #6058
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06-22-2024, 08:37 PM #6059
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06-22-2024, 08:51 PM #6060
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