Stock Trading -or- ReconSWS's Bane

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • gabe
    Thirst Trappin
    • Jul 2020
    • 1070
    • Alaska

    #61
    Originally posted by russc

    Dividends plus SELLING options, now you're making money.
    That's a great strat too. I wanted to get up to 100 shares on a couple holdings so I could sell covered calls but ended up just diversifying into tech some more. Definitely looking into cash covered puts and covered calls in the future though.

    Comment

    • ReconSWS
      Bunker Buster
      • Jul 2020
      • 284

      #62
      Penny stock pick of the day (do not yolo penny stocks it's stupid).

      Elcora : CVE : ERA

      Analysis of the grapf : It goes up a lot sometimes. The company has been quiet since 2019. Runs on govt contracts.

      https://www.globenewswire.com/news-r...n-by-2030.html

      Price to look for to buy in 0.04 / share

      *Disclaimer* Not investing advice, entertainment purposes only. Do your own due diligence.

      Making new mods.

      Comment

      • desertT1
        12,683...*reset*...1
        • Jul 2020
        • 124

        #63
        Originally posted by russc

        Dividends plus SELLING options, now you're making money.
        I have almost 200 shares of ABR. It’s at 11.75-ish and looking at the SEP (18th) 12.50 calls they are .25/.35, so .30. If I did that each month that’s basically another div payment, but every month. It only works until it doesn’t, but my average is like 6.91, so it’s not like I would lose money if I got exercised. That .30 is all time decay, so even if it got close later on I could buy to close and still keep a little.

        Granted, it might not always be .30 for the same play each time. ABR has had a nice run the last few weeks, so volatility is higher right now. If it was sideways the last few weeks, that .30 might be .10.

        Russ, do you have any that you like?

        Comment

        • eddie
          sniper enthusiast
          • Jul 2020
          • 152
          • Long Island, NY

          #64
          With each passing day my AMD put looks hopeless. Snapchat, Intel, and Microsoft all had price fluctuations this past week, so I played them with options and made out nicely. Also, SPG, Simons Property Group, releases a so-so earnings report and the stock goes up... I guess my lack of experience is showing. I just don't get the confidence with everything going on right now. Do you guys think this is a bubble?
          feedback

          Comment

          • gabe
            Thirst Trappin
            • Jul 2020
            • 1070
            • Alaska

            #65
            I wouldn't bet on it being a bubble at this point. It's a little bubbly but I think that's mostly tech sector dragging things upward. If you look at Industrials and consumer sectors they are not quite caught up. With hopes of a covid vaccine coming from Russia and advanced testing of vaccines here in the states I think this might be the last upcycle that we consider a bubble. It will most likely take off from here with a stunning recovery.

            BTW I've learned NEVER bet against tech. Just don't do it. Also don't bet against Apple or Tesla specifically. AMD was definitely going to pull back after Intel's flop but not far enough to make it worth getting an OTM put on.

            Comment

            • eddie
              sniper enthusiast
              • Jul 2020
              • 152
              • Long Island, NY

              #66
              It was part of a few puts I was doing. I thought the market was gonna slide again with the second covid wave. But yeah, I'm not doing that anymore. Another part of the why I lost so much on NIO and AMD was I kept averaging down, which im also done doing. I dont know enough yet to justify going for broke.
              feedback

              Comment

              • gabe
                Thirst Trappin
                • Jul 2020
                • 1070
                • Alaska

                #67
                "Accidentally" bought a few shares of Home Depot on Friday. Had the money sitting in the account waiting for a really down day to find some deals but just got bored and blew it. I was (and still am) watching HD, Lowes, Target, and Barrick Gold. Saw HD was down for the day and they have been going up almost without stop for as long as they have been traded so put in an order at $280/share...well about 10 minutes later I thought better about it and went to cancel the order only to see it had filled on a dip then went back up at the end of the day. Oh well, guess it's mine now.

                Still I think the smart play is Barrick Gold. They have great margins on mining gold, have been popular lately in trading groups, and gold is on the rise. I might just quick sell out of HD if I can get my cost basis back and move into GOLD. Monday will tell.

                Comment

                • ReconSWS
                  Bunker Buster
                  • Jul 2020
                  • 284

                  #68
                  Oh fuck dude I have to tear myself away from this it's making me mad lol. I'm going to do what I said I do all along and stop the monthly / weekly stuff, and save for election night. Lata
                  Making new mods.

                  Comment

                  • gabe
                    Thirst Trappin
                    • Jul 2020
                    • 1070
                    • Alaska

                    #69
                    Originally posted by ReconSWS
                    Oh fuck dude I have to tear myself away from this it's making me mad lol. I'm going to do what I said I do all along and stop the monthly / weekly stuff, and save for election night. Lata
                    Or just like...oh idk stop trading options? Nothing wrong with good old fashioned going long and holding on blue chip companies.

                    Comment

                    • ReconSWS
                      Bunker Buster
                      • Jul 2020
                      • 284

                      #70
                      Once you've tried crack, you can't go back. Anyways, I'd have to save for that bluechipo strat too lol guh
                      Making new mods.

                      Comment

                      • russc
                        MCB Member
                        • Jul 2020
                        • 406

                        #71
                        I dunno, I quit crack after I blew my first account up. lol

                        Comment

                        • ReconSWS
                          Bunker Buster
                          • Jul 2020
                          • 284

                          #72
                          I'm going to sell 3D printed Tesla Cybertrucks to make back the money i lost on TSLA puts and SPY puts, and all the puts I've ever bought. If anyone is good at selling stuff via socials, LMK i can give a commission
                          Making new mods.

                          Comment

                          • gabe
                            Thirst Trappin
                            • Jul 2020
                            • 1070
                            • Alaska

                            #73
                            Originally posted by ReconSWS
                            I'm going to sell 3D printed Tesla Cybertrucks to make back the money i lost on TSLA puts and SPY puts, and all the puts I've ever bought. If anyone is good at selling stuff via socials, LMK i can give a commission
                            I'll buy some beer with the money I've made not once but twice going long on TSLA and pour one out for you

                            Never bet against Papa Elon. He's an alien or he has hacked our simulation. Check out the conspiracy theories about his "too high IMO" tweet and the stock split. Apparently he tweeted "Tesla stock too high imo" on 5/1 at 8:11am and the stock split was announced on 8/11 and is 5-for-1. Coincidence?

                            Comment

                            • ReconSWS
                              Bunker Buster
                              • Jul 2020
                              • 284

                              #74
                              Originally posted by gabe

                              I'll buy some beer with the money I've made not once but twice going long on TSLA and pour one out for you

                              Never bet against Papa Elon. He's an alien or he has hacked our simulation. Check out the conspiracy theories about his "too high IMO" tweet and the stock split. Apparently he tweeted "Tesla stock too high imo" on 5/1 at 8:11am and the stock split was announced on 8/11 and is 5-for-1. Coincidence?
                              This is why I am so irate. The dude is on another level. I saved that meme so I can post it to /r/conspiracy in a few months... since they've already got a gematria post saying Californai will be rocked by an earthquake tomorrow.

                              My problem with this whole situation is...

                              it was said Musk was on Acid or psychs with Grimes at this time... likely story, cause this seems to go deeper.

                              Anyway, I'mma see if I can sell these prints... and then buy calls for Musk okay we cool? Puts are evil./.

                              Making new mods.

                              Comment

                              • gabe
                                Thirst Trappin
                                • Jul 2020
                                • 1070
                                • Alaska

                                #75
                                Calls for Teflon Musk all day broski! I don't know what planet that guy is from but he can print the money. It's unreal how Tesla stock has grown. I was on the buy and sell fast cause that bubble is gonna pop train but I'm a true believer now.

                                Do you boo. Don't let me and my Musk worship sway your game. Gotta trust your vibe.

                                Comment

                                Working...