***The Official Penny Stock Thread*** - Buy the dip!

MVIS at $1.02. I’m buying puts

 

Screw it, buying puts against MARK at open as well. It’s up well over 300% in 2 weeks

 

How come no one posted NVAX. I feel like the finger is not on the pulse. I’m going to need a little better effort fellas.

 

How far out are you buying your puts?

 

I’ll probably do at least a few for Friday. If this is anything like CAPR, UAVS, MVIS and others, it’s going to give half this back in a few days.

May do half for Friday and half for June 19

 

Also, I’m annoyed I never noticed MARK had $1 options until now

 

what are puts?

 

Options where you’re betting that the price will fall below a certain price by a certain date.

“Calls” are options where you’re betting the price will rise above that price.

 

If you buy a put for MVIS when it expires if the actual price is under the strike price the person who sold it to you has to buy the stock from you at the strike price. If the trading price of the stock Is above the strike your puts are worthless. Conversely if you think a stock is overvalued and you would not mind buying it at a certain price you can sell a put and if the price drops you are the one purchasing. You get paid to be someone’s insurance. You keep the money they paid you if the price of the stock does not drop below the strike.

 

INPX let’s go!

 

So do we like NVAX. Because I will throw money at it blindly if you just say yes.

 

pacey you use Merrill Edge right?

I was going to PM you but figured if others may find the questions helpful.

Do you use Merrill Edge Pro? Is there a fee for it?

Also I set up a normal investing account, but I think it is what is just called a cash account. I have to wait 1-2 days for my trades to get confirmed before I can trade those stock which sucks because I have money in the account. Do you know of a way I can change that?

I am doing other research on it but thought you may have the answers.

Thanks.

 

Got in on EMAN this am

 

I feel stupid not getting in on MARK yesterday just above $1.

 

I do use Merrill Edge.
I tried Merrill Pro but to me it was trying to copy TD's platform and was not as good so i was biased. I may give it a try again. I have cash account and a few IRA accounts as well. Having the multiple accounts allows me to avoid day trading restrictions some as well. I would be interested in the feedback some have about Merrill Edge Pro. That platform also does not have the indicators Hank uses.

 

So 6/19 $1 puts on mark are at .25 right now? Should this be the play?

 

I'm not sure what you mean by this

 

Nah I was saying I would’ve bought some $1 calls last week. I bought $2.50 puts

 

I expected MVIS to rise or crash today. Weird it's holding.

 

If I buy a stock it takes 1-3 days to settle with Merrill. So until it settles you cannot move that stock otherwise you are considered a free ride and your account can get suspended.

 

That I get. Completely different than what you posted. Go margin or deposit cash.

 

Sorry for the confusion. Newer at this so I was unsure if there was a better way to do it. I funded the accounts with cash but was unsure if I had to sign up for something else on Merrill.

 

MVIS $1 puts expiring 5/15 not looking good

 

No worries. Reg-T/Settlement is a pain in the ass to figure out. Sounds like you've got an understanding of it though.

 

Yeah just did a bit more research on it and I think I have it figured out. Thanks for the help.

 

And now it’s up 39%. Vertical line the last 15 mins

 

I’m going to wind up giving back half my MVIS bullish profits by betting against it. Still feel good it falls under $1, but no longer confident that happens by Friday

 

For days all I wanted to do was get my initial MVIs investment back. Fuck it let’s ride

 

I’m learning a lesson with KTOV but I’m not sure what that lesson is yet.

 

EMAN is popping

 

Hoping it hits its one year target estimate.

 

What’s the target?

 

It's already pumped nearly 100%

 

agreed,

 

$0.25

 

Question on Options. I have been reading and watching some videos on them.

I just want to make sure my understanding is correct.

MVIS for example. A 0.14 put for $1.00 strike for May 15h would cost me $14 and would be worthless if the stock is not below a $1.00 on 5-15?

What would 1 $0.14 put be worth if say the stock hits $0.90 in two days?

Thats the part I am having a hard time understanding.

 

https://www.optionsprofitcalculator.com/calculator/long-put.html

 

Poster on Reddit bought 475k shares of BIOC, almost $204k - apparently doubling down on his investment from a month ago. Ballsy.

 

Buy the dips as you wait for the increase... if you believe in the stock. KTOV is a longer play than the others but over time its bottoms should continue to increase as the company grows and more PR gets released.

RTTR could be a good one, lot of speculation on the stock increasing through the merger vote on Thursday. I've traded this one a couple times already and am in it again around 0.55

 

also keep in mind that options don’t have to be all or nothing. Just like a stock, once you buy that option it’s price continues to change and you can sell at any time. You don’t have to wait til the expiration.

for example, I bought 6 $2.50 Puts on MARK at open this morning for $340. They’re now valued at $495 and I can sell right now, take my $155 profit and be done, or wait and gamble that the price keeps dropping

 

doubled up on mark puts

 

Now I have to wager whether or not selling my MARK puts is worth a day trade count. I only have 2 left this week

 

take profit and regroup

 

MVIS back under $1. Come on Sink Sink Sink

 

Mark is crashing hard

 

Sorry, this was because a good bit if us sold our shares then bought $1 puts.