I just realized that because of the big jumps in some of those, 75% of my current account value is in open options, so I should probably go ahead and close some of these out before catastrophe strikes
Nothing like going to bed and waking up with an extra 5 figures you didn't have the day before. Suck my 6.74% day gain dick, Dow. Baby account I set up for my new nephew up over 11% today.
Made some good money on DDM and UCO these past few days. Bought at the right time. but I think I’m cashing tomorrow. I’m in southside boat. I also read Saudi’s pumped 20 billion into the market in May.
Wonder what the final straw was. It's been a year and a half since we've heard anything from him? Wonder if he has a book coming out
I'm going to keep things riding. I just have stops on everything. I cashed out my dollar position today though since it broke trend which is bullish for equities.
Someone explain to me how to put a stop in on TD Ameritrade. Am I correct in assuming that if a stock if trading at $100 and I put a stop at $95, it’ll automatically trigger a sell one it hits $95?
So with Vegas casinos opening tomorrow, I bout ATM 6/19 calls in Caesars and Wynn in addition to the multiple calls I have on MGM. They all seem to be up several bucks in AH. If this holds on through market open tomorrow I’m closing out at least half those. I feel like air travel may hold Vegas opening back. It also feels like those stocks are either going to explode if it goes well or crash if it goes poorly, and there’s very little in the way of a middle ground. Even if I hold tomorrow, no way I hold them all over the weekend
I’d wait until the media shows what Vegas looks like. It may give it that extra bump you need, and then sell Friday.
I think I asked this before, but don’t remember if I got an answer. If you’re buying or selling single option contracts, and they go big with weeks or months left to spare, is it common to sell it and roll that into a cheaper option on the same stock to keep some skin in the game but “cash out” some profit? On the cheaper options where I own multiple I just sell half, but on the more expensive stuff where I only own 1, that seems like my only play if I want to limit further risk, lock in a gain but keep some exposure to it open.
Also make sure you change the date. I’ve notice a lot of time it auto sets it to expire at the end of the current day
I bought 5 $25 MGM July 17 calls last Wed. Sold 2 late yesterday to cover my cost. Going to see how today and tomorrow go but I will probably get out and buy some more Aug 21. Thats what I did with my June and July calls.
Yeah, it all boils down to risk tolerance. Some people will immediately sell to lock in a profit, but there’s no perfect right or wrong answer. Just evaluate the financials and determine if you think it has more juice left. If so, hang on to them. If not, sell while you’re ahead.
This is a mindset I've tried to change over the last few weeks. I've held runners too long, never sure where the dip was coming and ended up losing money. Trying to make back a big loss from the past with a huge win, when I can make back steady, smaller wins.
Anyone buying some NKLA? I like the idea of the company as an industry disruptor. Don’t know enough about the company to know where the stock is a good buy at or if the company can execute what it is trying to accomplish. I like that Budweiser is already on board.
Love seeing all the airlines I sold last week up double digit percentage points the past two days. That's why we do it boys. The absolute dread of always selling and buying at the wrong time.
I did it, too. AAL calls rescued my sense of failure from selling my DAL and LUV positions to migrate over to WeBull.
I have a TD, also. I want to get around to learning the ThinkOrSwim platform but haven't yet. Until then, I'm not super crazy about their UI.
Sold July my mgm calls for an average of 210% profit. Sold Carnival July calls for 85% return. I started just messing around with options as a hobby 3 weeks ago. Started with $500. At just under $1200 now. Thanks for the help fellas.
Yeah, I bought $12 6/12 calls when it was trading at $12.05. It just peaked at 12.19 and the call price was down. Option volume sucks, but there's decent bullish divergence on the underlying stock.
Are you just going to take your winnings or are you actually going to own the stock? Seems like there's good value in profiting off of the implied volatility
Ideally, I'm flipping the options in the next day or two. I've gotten pretty good at reading charts but know very little about how to price options and account for implied volatility. I generally just watch the stock price until I think it's buy time and then buy contracts at the ask or near the ask price, which is probably a terrible strategy. This is the first option trade I've done in several weeks.
I have a limit sell order in at $1.35 (Bought at $1.10). I would put a stop loss in around $.95 if I could figure out how to do it on Schwab's platform.
My AAL call is the first option I've done in weeks. There's just too much to know for me to bother with them when I'm also paying attention to work. If I'd known that 2 months ago, my account would have about $4k more in it. About 90% of my losses came from playing stupid options.
The price is consolidating/squeezing nicely on the intraday chart, with decent positive divergence and the 20 SMA approaching the 200 SMA on the 2 min chart. If the 20 crosses the 200, you could see a really nice price pop.
gold call spread I bought yesterday is saving me today with the nasdaq down. I closed my entire dollar position yesterday and cut all bond positions in half today. Raising cash, not buying more equities. 20% bonds, 40% equities/etfs, 18% gold/miners, 22% cash
*still sitting on some cash, convinced the market will one day respond appropriately* *is now just a skeleton*
50% of my trading account is cash; 12% inverse ETFs and 48% long on blue chip stocks and shitty airlines (and these dumb INO calls).
Feels like a “hogs get slaughtered” type situation to hold these casinos much longer, but at the same time, they just reopened 11 hrs ago. It feels like short term upside is more likely than not.