Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    I still don’t understand options :(
     
  2. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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
     
    ScFan27, letan, ohhaithur and 5 others like this.
  3. Battier310

    Battier310 Member

    Did I miss the $GAN run or should I still jump in?
     
  4. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    You’re welcome. I’ll invoice for 5%.
     
    Baseballman86 likes this.
  5. Louis Holth

    Louis Holth but we also just might be those motherfuckers
    Donor
    South Carolina GamecocksAtlanta BravesCarolina PanthersTottenham Hotspur

    It’s pulled back the last two days.
     
  6. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    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.
     
    Taffy, HuskerInMiami, Champ and 4 others like this.
  7. burnttatertot

    burnttatertot butt tuck zoomies
    Donor
    Washington State CougarsSeattle MarinersNew York MetsSeattle SupersonicsMetal

    Nice call Donkey, we're about to touch 30 on this bitch.
     
  8. pacey

    pacey Well-Known Member
    Donor

    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.
     
    Goose likes this.
  9. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    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
     
  10. southside

    southside Well-Known Member
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    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    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.
     
  11. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    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?
     
  12. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    3B9A6C2B-5E3F-4ACF-958F-22FC0ADC4237.png
    Yes

    This is the best graphic
     
    Fusiontegra and dukebuckeye like this.
  13. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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
     
    HuskerInMiami and Jesse Palmer like this.
  14. Hawks11

    Hawks11 The arsonist has oddly shaped feet
    Donor
    Alabama Crimson TideAtlanta BravesAtlanta Hawks

    I’d wait until the media shows what Vegas looks like. It may give it that extra bump you need, and then sell Friday.
     
    Baseballman86 likes this.
  15. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    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.
     
    HuskerInMiami likes this.
  16. The Hebrew Husker

    Donor
    Nebraska CornhuskersSeattle MarinersColorado AvalanceWWENebraska Cornhuskers alt



    Buy the hype, sell the second wave?
     
    Taffy and Hawks11 like this.
  17. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    That video :jizz:
     
  18. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Damnit Wynn was up $3 or so in AH/PM and now coming back towards flat. Hoping for jump at open
     
  19. Goose

    Goose Hi
    Donor
    Ohio State BuckeyesCincinnati BearcatsCincinnati RedsCincinnati BengalsReal MadridXavier MusketeersDayton FlyersTiger WoodsFC Cincinnati

    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
     
    dukebuckeye likes this.
  20. Tony Wonder

    Tony Wonder Well-Known Member
    Donor
    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    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.
     
  21. Hawks11

    Hawks11 The arsonist has oddly shaped feet
    Donor
    Alabama Crimson TideAtlanta BravesAtlanta Hawks

    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.
     
    ohhaithur and Tony Wonder like this.
  22. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Probably could have held them longer, but just made a quick $1500 on AAL calls on their AM run.
     
  23. Ty Webb

    Ty Webb Living rent free in Jigga's head
    Donor
    Nebraska CornhuskersChicago CubsChicago BullsDetroit LionsChicago BlackhawksTiger Woods

    Never anything wrong with a quick $1,500
     
  24. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    What is going on with Boeing. Killing it today on top of a nice run the past week.
     
  25. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    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.
     
  26. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Haven't you heard? Everything is fixed...there's nothing wrong in the world anymore.
     
  27. Louis Holth

    Louis Holth but we also just might be those motherfuckers
    Donor
    South Carolina GamecocksAtlanta BravesCarolina PanthersTottenham Hotspur

    I’ve been getting in and getting out too. Small gain is better than a huge loss.
     
  28. RavenNole

    RavenNole Well-Known Member
    Baltimore RavensTampa Bay LightningChelsea

    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.
     
  29. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay LightningSan Diego Padres

    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.
     
  30. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    I did it, too. AAL calls rescued my sense of failure from selling my DAL and LUV positions to migrate over to WeBull.
     
    DuffandMuff likes this.
  31. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    Why webull instead of td or schwab?
     
  32. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    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.
     
    Ty Webb and g8r like this.
  33. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    Thinking about buying some INO calls. Thoughts?
     
  34. The Blackfish

    The Blackfish The Fish in Black
    Staff Donor TMB OG
    Alabama Crimson TideIndianapolis ColtsBook Club

    This was really fucking close to the bottom. Should have done 100%
     
  35. Tony Wonder

    Tony Wonder Well-Known Member
    Donor
    Michigan WolverinesDetroit LionsDetroit Red WingsNewcastle UnitedDetroit Tigers

    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.
     
  36. ohhaithur

    ohhaithur e-Batman
    Donor

    Funny you should mention that, it's on my radar to do a "wheel" on. So you might be buying my calls
     
  37. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    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.
     
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  38. ohhaithur

    ohhaithur e-Batman
    Donor

    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
     
  39. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    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.
     
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  40. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    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.
     
  41. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    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.
     
    Stagger Lee likes this.
  42. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    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.
     
  43. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    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
     
    HuskerInMiami likes this.
  44. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    The spreads are awful, like 10%
     
  45. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    Like I said, I know nothing about option pricing. Recommend any reading material?
     
  46. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    *still sitting on some cash, convinced the market will one day respond appropriately*

    *is now just a skeleton*
     
  47. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    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).
     
  48. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Options Alpha is a pretty damn good resource. And almost everything is free.
     
  49. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    66A44B19-40EC-42DB-834F-71BF4BA497C4.png
    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.
     
  50. southside

    southside Well-Known Member
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    I sold the reopening today.
     
    Baseballman86 likes this.