Active market traders

[NorwichGrad]

Loaded up on ethereum and XRP in December 2020.

To date:

Ethereum return 70%.

XRP return 60%.

Staying long on both for now.

XRP was delisted on major US exchanges as of Jan 13 pending SEC lawsuit. But it’s all noise. Banks appear to choose XRP to be the next implement to use in transactions. It’s cleaner and greener and faster and cheaper than bitcoin.

Bitcoin - I will wait until the next dip.

But from my observation, alt coins moving forward will have better returns percentage wise. BTC going from 40K to 48K is a big deal. But percentage wise, alt coin going from 30 cents to 60 cents is way gooder.

Taking profit and stacking the physical shiny remains my strategy.

[Jtbny]

Loaded up on ethereum and XRP in December 2020.

To date:

Ethereum return 70%.

XRP return 60%.

Fantastic return! I'm not into crypto but love seeing people making money off of it.

[NorwichGrad]

Fantastic return! I'm not into crypto but love seeing people making money off of it.

Thanks, John.

Likewise, I also enjoy when my fellow man profit from the system - whether it's cryptos, IPO, stocks, etc...

"A rising tide raises all boats."

Someday when I profit enough and develop the 'stomach' to swing trade the way you do, I will follow in your footsteps. In the meantime I shall continue to watch what you and others like you do to play the daily trading game. So I appreciate when you share your knowledge and experience.

May the 'gods of the greenz' continue to send you profit.

[induced_drag]

On the btc front, this is a big piece of news. Besides the 1.5billion Tesla purchase, I believe this news may be the signal people were waiting for from the regulation side. There is/was so much unknown especially after Yellen statements, that a statement like this coming out adds greatly to the possibility of BTC gaining widespread acceptance and moving on to much higher prices.

I try not to watch too much, but seeing losses and then gains of almost 6 figures in a day will make you a little nuts. But just have to decide the course you are taking.

I may look back with regret, but I dont see myself selling anytime soon for profits.

https://www.coindesk.com/peirce-sec-coindesk-tv

[OldFartTom]

I don't know what I'm talking about --> caveat emptor

Previously I'd have worried that US would restrict bitcoin in some way, leading to the value tanking. But China is looking to dominate digital currency and pushing Digital Yuan. The US isn't going to stamp on bitcoin (etc) and sit and watch a Chinese branded coin become dominant, so the push of Digital Yuan may well mean Bitcoin is left alone (or even secretly helped?). Sure it's all tulip-bulb bubbles, but I think there's quite some way to go yet before it bursts, indirectly thanks to China

The above may be total nonsense, so don't blame me for... ... ...

Edit: I better add.. This is all just hot air, I don't hold any positions (sort of... I'm not allowed to)

[induced_drag]

I don't know what I'm talking about --> caveat emptor

Previously I'd have worried that US would restrict bitcoin in some way, leading to the value tanking. But China is looking to dominate digital currency and pushing Digital Yuan. The US isn't going to stamp on bitcoin (etc) and sit and watch a Chinese branded coin become dominant, so the push of Digital Yuan may well mean Bitcoin is left alone (or even secretly helped?). Sure it's all tulip-bulb bubbles, but I think there's quite some way to go yet before it bursts, indirectly thanks to China

The above may be total nonsense, so don't blame me for... ... ...

Edit: I better add.. This is all just hot air, I don't hold any positions (sort of... I'm not allowed to)

Watch the video with Pierce SEC chair. Directly addresses the issues you point out as well as thoughts on Gove "banning" bitcoin.

Really a huge thing to hear this coming out.

[OldFartTom]

The video above was a broken link for me. Maybe it could tell I'm not woke enough?

Edit: Wow, now the whole post I was referring to was deleted from my view, definitely I'm not on the list

[NorwichGrad]

The video above was a broken link for me. Maybe it could tell I'm not woke enough?

Edit: Wow, now the whole post I was referring to was deleted from my view, definitely I'm not on the list

Hahaha. My bad. I was trying to post this. It’s great advice from a billionaire. Simple but makes sense.


https://www.youtube.com/watch?v=VTGADcHu6p8&t

[eomrat]

I sold a couple Calls at a $7.00 strike. Price is now $7.13. Why hasn't the contract been exercised?

[Jtbny]

I sold a couple Calls at a $7.00 strike. Price is now $7.13. Why hasn't the contract been exercised?

Options are rarely exercised until the expy date. What's the date?

What stock did you sell calls on?

[eomrat]

Options are rarely exercised until the expy date. What's the date?

What stock did you sell calls on?

FRO -
Mar 19 and May 21

[Jtbny]

FRO -
Mar 19 and May 21

I'm guessing these are stocks you hold at least 200 shares of and not naked calls. Never ever sell naked calls or puts.

What was the thinking of selling calls close to the the price? Did you want to unload them or were you bearish? If I'm selling calls on shares I want to keep I look for a delta of -.30 or below 30-45 days out. With a delta that low you give up premium but protect yourself from having your shares called away (unless that was the goal).

Your calls will most likely not get exercised until the expy date.

[eomrat]

I'm guessing these are stocks you hold at least 200 shares of and not naked calls. Never ever sell naked calls or puts.

What was the thinking of selling calls close to the the price? Did you want to unload them or were you bearish? If I'm selling calls on shares I want to keep I look for a delta of -.30 or below 30-45 days out. With a delta that low you give up premium but protect yourself from having your shares called away (unless that was the goal).

Your calls will most likely not get exercised until the expy date.

No naked calls.

I bought a bunch of FRO because it was cheap to get 500 shares and I wanted to feel out options trading. I have never traded options and selling calls seemed like the logical place to start. So, I bought the FRO at 6.13 in November and immediately sold calls at 7 and 7.5. Since my options periods were short (I think 5 and 7 months), I didn't really get much but I feel better about options after executing in real-time. And I am happy to sell at 7 and move on to something else.

I am normally a very boring and conservative investor. I started buying SPY on a monthly auto-invest type deal when I was young and did that for years before I went crazy and bought $750 of a Panamanian Airline in the belief that President Obama would keep his campaign promise and lift some of the restrictions on trade with and travel to Cuba. That little bet was more political than anything else but it paid off really well and I kinda got the bug to try and pick a few more winners. I have a really good record but because I am so risk averse, and because it takes me months to pick a stock (no exaggeration) I have never really made much.

Anyway, as I approached my first retirement, I shifted a good bit of my portfolio into trusted Dividend Stocks until I was settled in at my new gig. Since I am long on all the dividend stocks that I kept, I thought selling low risk calls (like Deltas of 15-20) would be a neat little way to generate some extra returns.

Now I need to learn how a rolling strategy works and/or when is the time that you should buy back a call.

[Jtbny]

No naked calls.

I bought a bunch of FRO because it was cheap to get 500 shares and I wanted to feel out options trading. I have never traded options and selling calls seemed like the logical place to start. So, I bought the FRO at 6.13 in November and immediately sold calls at 7 and 7.5. Since my options periods were short (I think 5 and 7 months), I didn't really get much but I feel better about options after executing in real-time. And I am happy to sell at 7 and move on to something else.

I am normally a very boring and conservative investor. I started buying SPY on a monthly auto-invest type deal when I was young and did that for years before I went crazy and bought $750 of a Panamanian Airline in the belief that President Obama would keep his campaign promise and lift some of the restrictions on trade with and travel to Cuba. That little bet was more political than anything else but it paid off really well and I kinda got the bug to try and pick a few more winners. I have a really good record but because I am so risk averse, and because it takes me months to pick a stock (no exaggeration) I have never really made much.

Anyway, as I approached my first retirement, I shifted a good bit of my portfolio into trusted Dividend Stocks until I was settled in at my new gig. Since I am long on all the dividend stocks that I kept, I thought selling low risk calls (like Deltas of 15-20) would be a neat little way to generate some extra returns.

Now I need to learn how a rolling strategy works and/or when is the time that you should buy back a call.

Sounds like you're doing it right just that the price moved against you faster than you thought. It is one of the risks.

I wouldn't roll the positions unless you are absolutely wanting to keep the shares. But if you roll you just buy back your calls (Buy to close since you sold to open) and then sell a higher strike longer date. IMO wait 10 trading days out to decide.

Great job eyeing the delta. When selling options Delta/Theta/Gamma and of course IV are your key indicators. And no better way to learn than to dive in.

Once you get a little more comfortable your next move is selling puts and doing poor man covered calls. PMCC are awesome and a strat I use consistently. Its a great way to use much less capital while still being able to sell premium.

[eomrat]

Sounds like you're doing it right just that the price moved against you faster than you thought. It is one of the risks.

I wouldn't roll the positions unless you are absolutely wanting to keep the shares. But if you roll you just buy back your calls (Buy to close since you sold to open) and then sell a higher strike longer date. IMO wait 10 trading days out to decide.

Great job eyeing the delta. When selling options Delta/Theta/Gamma and of course IV are your key indicators. And no better way to learn than to dive in.

Once you get a little more comfortable your next move is selling puts and doing poor man covered calls. PMCC are awesome and a strat I use consistently. Its a great way to use much less capital while still being able to sell premium.

FRO at 7.74. Am I correct in assuming that the buy to close price is going to keep increasing as the underlying increases?

[Jtbny]

FRO at 7.74. Am I correct in assuming that the buy to close price is going to keep increasing as the underlying increases?

Yes. Now there is more intrinsic and equal extrinsic value in this option. Week of expiration, if all stays the same, it will come down some due to Theta but depending on the breakeven price not enough to come out neutral.

What you could do, if wanting to keep the shares and roll out the option, is wait for a red day and buy it back. But I hate turning a positive position into a losing one myself. Id sooner have the shares called away and then sell a put at the same strike.

[eomrat]

I'd sooner have the shares called away and then sell a put at the same strike.

That is where I am at. I bought at 6.13 and was happy to sell them at 7 at that time. No reason to change my mind about it. I do not suffer terribly from FOMO. I am really happy just to beat the S&P.

Question. If the price of the underlying had dropped, would that create a situation where buying back or rolling would make sense?

[induced_drag]

Last night BTC broke the 50k mark. (currently at 49200)

It is almost scary. Feeling a little overconfident now. Looking back at how surly I said 50k in first quarter was going to happen. But I cant act all that smart since I quit buying at 14 It is one thing to say crazy stuff....it would be another if I put my money where my mouth was.

Anyway, somehow I am more nervous than ever now.

[NorwichGrad]

Last night BTC broke the 50k mark. (currently at 49200)

It is almost scary. Feeling a little overconfident now. Looking back at how surly I said 50k in first quarter was going to happen. But I cant act all that smart since I quit buying at 14 It is one thing to say crazy stuff....it would be another if I put my money where my mouth was.

Anyway, somehow I am more nervous than ever now.

People thought it was 'crazy tinfoil' when BTC supporters were saying it would go to 10K. Now it touched 50K and same naysayers are saying it's not gonna touch 100K.

It will touch 100K. It will touch 500K. It will touch 1 million. Guaranteed.

Why do I say this with confidence?

Things to consider:

a. Market fundamentals are DEAD. The real market died in 2008. The banking industry died in September 2019 which is why they launched the 'not QE' overnight REPO to the tune of 1 trillion a night by end of 2020.

b. We can all thank the fed and QE to infinity. Fed will continue to BRRRR or the system will implode.

c. The fiat digits created out of thin air are making their way to the stock market and cryptos, while Americans continue to lose their jobs. Stock and cryptos will continue to RISE. This is a foregone conclusion.

d. The over quadrillion in derivatives will need to find new homes in other assets as the dollar dies a slow death. In fact, it's already dead; it's on life support. It will be unplugged when the powers that be are ready to introduce its replacement.


The key metric to watch in all this - whether one is into stocks or cryptos or precious metal or all of the above - is the ten-year-yield.

The good news is that there are other cryptos. As bitcoin goes up, it will pull other cryptos right along.

The 2008 bailout was a joke. What's happening right before our eyes is the GREATEST WEALTH TRANSFER EVER..

Let's all take advantage.

[induced_drag]

People thought it was 'crazy tinfoil' when BTC supporters were saying it would go to 10K. Now it touched 50K and same naysayers are saying it's not gonna touch 100K.

It will touch 100K. It will touch 500K. It will touch 1 million. Guaranteed.

Why do I say this with confidence?

Things to consider:

a. Market fundamentals are DEAD. The real market died in 2008. The banking industry died in September 2019 which is why they launched the 'not QE' overnight REPO to the tune of 1 trillion a night by end of 2020.

b. We can all thank the fed and QE to infinity. Fed will continue to BRRRR or the system will implode.

c. The fiat digits created out of thin air are making their way to the stock market and cryptos, while Americans continue to lose their jobs. Stock and cryptos will continue to RISE. This is a foregone conclusion.

d. The over quadrillion in derivatives will need to find new homes in other assets as the dollar dies a slow death. In fact, it's already dead; it's on life support. It will be unplugged when the powers that be are ready to introduce its replacement.


The key metric to watch in all this - whether one is into stocks or cryptos or precious metal or all of the above - is the ten-year-yield.

The good news is that there are other cryptos. As bitcoin goes up, it will pull other cryptos right along.

The 2008 bailout was a joke. What's happening right before our eyes is the GREATEST WEALTH TRANSFER EVER..

Let's all take advantage.

This stuff is getting a little to 'real' for me. Understand, I have been saying this crap since 2013. Back then I put $7000 into my gut. (mind you I went the mining route. Looking back I would have been better off just buying coins...but who knew?) This year, I added 'real' money to almost double that position since I felt it was really happening.


But now that it is actually happening, it is a little nerve wracking. I have to just convince myself not to get cold feet. But if I 'lose' it all, I am cool with that also. It will be a good story either way. Just one version has a few more toys!

[NorwichGrad]

This stuff is getting a little to 'real' for me. Understand, I have been saying this crap since 2013. Back then I put $7000 into my gut. (mind you I went the mining route. Looking back I would have been better off just buying coins...but who knew?) This year, I added 'real' money to almost double that position since I felt it was really happening.


But now that it is actually happening, it is a little nerve wracking. I have to just convince myself not to get cold feet. But if I 'lose' it all, I am cool with that also. It will be a good story either way. Just one version has a few more toys!

Understood. At least you did something.

Back then I made decisions based on 'principles'. I knew the end result once I understood the rigged system. I did other things to prepare for what is coming - like farming, being self-sufficient, stacking the shiny, etc.. But I did not touch cryptos.

Hindsight is always 20/20 as you know. I have changed my views and decided to play the game when I got into cryptos recently. I still don't trust it, but I am smart enough to know it is profitable. As long as I do not do anything illegal or immoral, I will continue to play their game.

[Jtbny]

Question. If the price of the underlying had dropped, would that create a situation where buying back or rolling would make sense?

Yes, but it also OK (and advised) to let them expire worthless. You'd do this (buy to close) if you had an event coming up - earnings, dividend ect which could go against you. I typically will buy back positions and roll forward when I've made 50%+ but not always. Id buy back to take advantage of high IV to sell another call.

[Jtbny]

Palantir -

I sold 3 puts on this stock today netting $700 in premium using 7K collateral. Each expiring end of March. It took an earnings drop today and on Friday has their lockout period ending (employees can now sell their shares). Id expect downward trend until next week BUT this is a great company IMO and should bubble back up to mid/high 30's soon. For options sellers this stock has perfect IV and MEME action as well as a good company to long and sell calls against.

[induced_drag]

BTC pushing higher. Up 10% since breaking the 50k mark.

Only thing that will stop this from hitting 100k is some form of regulation that it much less attractive to institutional investors. One analyst says no real resistance until 170k

Musk made another tweet:

Tesla’s action is not directly reflective of my opinion. Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company

When fiat currency has negative real interest, only a fool wouldn’t look elsewhere,

[xTeTe]

BTC pushing higher. Up 10% since breaking the 50k mark.

Only thing that will stop this from hitting 100k is some form of regulation that it much less attractive to institutional investors. One analyst says no real resistance until 170k

Musk made another tweet:

The whole market is on fire. ETH is about to hit $2000. LINK just touched it's record as well.

[NorwichGrad]

BTC pushing higher. Up 10% since breaking the 50k mark.

Only thing that will stop this from hitting 100k is some form of regulation that it much less attractive to institutional investors. One analyst says no real resistance until 170k

Musk made another tweet:

Just writing out loud. I was actually going to express my own thoughts. Not trying to influence anyone.

Listen to all but follow now.

The federal reserve has been pumping tether.

And tether is pumping the rest of the space.

It's never wrong to take profit.

So why is would the fed pump tether so it could pump the rest of the space?

It's because they are getting ready to pull the plug on the petrodollar as world reserve currency and get ready to launch the next digital reserve.

So there's more reason for me to distrust cryptos, because gubmint is involved, but also more reason for me to keep putting fiat into cryptos and take profit when I feel it's time to take profit.

We live in interesting time, friends. Lots of goofiness going on. But also lots of opportunities.

I say again, over. It's never wrong to take profit.

[NorwichGrad]

Just writing out loud. So don't mind me.

All cryptos dropped. And this is perfectly fine. Were they manipulated? Were they a healthy correction? I can speculate. But bottom line is that I will not be FUDed by the WHALES.

This is how the oligarchs play the game. They have the means to shake off the weak hands. This is exactly what they did in the 90s during the infancy of tech companies. Retail investors bought Apple, Microsoft, Dell, etc... Then the whales came in, the retail investors sold their shares, only for the oligarchs to scoop them up. and we all know what happened. Tech shares skyrocketed (and of course tanked in 2000, which is beside the point).

The oligarchs also control the media. I don't listen to what they say, I try to watch what they do instead.

Being a longtime physical metal holder has taught me how to be patient and how to look ahead.

So I bought some more XRP this AM.

Hope you fellas are doing well with your trades. Don't forget to pay it forward. I know you guys do.

[Payton1221]

The future is uncertain, and bitcoin could rebound tomorrow morning, but I was very close (very VERY close) to making a significant investment in bitcoin.

[Jtbny]

Just writing out loud. So don't mind me.

All cryptos dropped. And this is perfectly fine. Were they manipulated? Were they a healthy correction? I can speculate. But bottom line is that I will not be FUDed by the WHALES.

This is how the oligarchs play the game. They have the means to shake off the weak hands. This is exactly what they did in the 90s during the infancy of tech companies. Retail investors bought Apple, Microsoft, Dell, etc... Then the whales came in, the retail investors sold their shares, only for the oligarchs to scoop them up. and we all know what happened. Tech shares skyrocketed (and of course tanked in 2000, which is beside the point).

The oligarchs also control the media. I don't listen to what they say, I try to watch what they do instead.

Being a longtime physical metal holder has taught me how to be patient and how to look ahead.

So I bought some more XRP this AM.

Hope you fellas are doing well with your trades. Don't forget to pay it forward. I know you guys do.

My account has been bleeding this week as I'm playing mainly tech stocks. At one point yesterday morning SPY was down $5 from opening but later rebounded up. I'm way too leveraged ATM and need to figure out a way to pullback some cash reserves.

[NorwichGrad]

My account has been bleeding this week as I'm playing mainly tech stocks. At one point yesterday morning SPY was down $5 from opening but later rebounded up. I'm way too leveraged ATM and need to figure out a way to pullback some cash reserves.

May not be a bad idea, John.

The ten-year-yield is spiking. We both know that when this happens the rate will go up as well. And we both know that a spiking rate will pop the bubbles that we've been in for years.

The same happened with my cryptos. They bled and now they are going up. And much like you, I am also thinking of putting some in cash reserve if and when there is another major correction.

Money is made when there is blood in the street. And I know you know.

PS - Not financial advise. lol.