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Posted: 8/6/2021 12:37:28 PM EDT
[#1]
Those Jan 2023 calls are up to $5 now!
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Posted: 8/6/2021 12:37:33 PM EDT
[Last Edit: FelisTacet]
[#2]
Quote HistoryOriginally Posted By RatherBeLifting: Yeah, there's going to be some folks learning about the "down side" of writing covered calls.  Quote HistoryOriginally Posted By RatherBeLifting: Originally Posted By FelisTacet: Yesterday I reluctantly sold eight $16.50 Covered Calls contracts for 8/13 because I hadn't sold any this week...against my better judgment because I've been calling $20+ by 8/13 for a while now.  Well, I paid the price today. Looks like we might hit $16.50 by 8/13 easily. Bought them back to eat a total of $216, oh well. Looking for $20+ calls for sure now. Yeah, there's going to be some folks learning about the "down side" of writing covered calls. Ayup! And when we see the movement up and that it may hit way over strike by the strike date...you GOTTA act fast! I bought them back a few minutes ago for .50 per share. Currently worth .65 a share. No time to dwell on a buy back, just need to do it. So acting fastish prevented me from losing another $120 in a few minutes time...so I've got that going for me, which is nice. |
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Posted: 8/6/2021 12:38:21 PM EDT
[#3]
looks like our girl Mavis is getting her facepaint and dress on for a wild Friday night!
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Posted: 8/6/2021 12:38:50 PM EDT
[#4]
So far, today has been a good day....
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OK, USA
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Posted: 8/6/2021 12:39:09 PM EDT
[#5]
Quote HistoryOriginally Posted By Tango: https://i.imgur.com/2zqyZVk.gif  Someone get Dirtboy in here so we hit $20 today. |
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Posted: 8/6/2021 12:39:15 PM EDT
[#6]
Quote HistoryOriginally Posted By RatherBeLifting: Yeah, there's going to be some folks learning about the "down side" of writing covered calls. I want to sell some but the pps needs to run up more where I feel better with a premium on the $20 calls. Its gonna happen, just a matter of time 
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Posted: 8/6/2021 12:39:26 PM EDT
[#7]
*que Gunny Haney
DON'T YOU QUIT ON ME, FUCKER!! |
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Posted: 8/6/2021 12:42:35 PM EDT
[#8]
Quote HistoryOriginally Posted By Bthorn: *que Gunny Haney DON'T YOU QUIT ON ME, FUCKER!! I'm kinda partial to the Col. 'madman' Maddox quote myself 
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USA
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Posted: 8/6/2021 12:43:33 PM EDT
[#9]
So is this the new floor. Damn it why didn't I buy more at $12.
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Posted: 8/6/2021 12:44:46 PM EDT
[#10]
Quote HistoryOriginally Posted By Vengeance6661: So is this the new floor. Damn it why didn't I buy more at $12. Because you were waiting on a fall into the 10's I'm telling ya, tiny little buys every chance you get. 2 shares, 5 shares, whatever. Avg that shit out |
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Posted: 8/6/2021 12:44:56 PM EDT
[#11]
On an unrelated note, my 401K just hit a big milestone.
 I have a large percentage of it in a market index fund. Wondering if we're going to see a retraction from another Covid overreaction, or if money printers will go brrrt and continue pushing it higher. |
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Posted: 8/6/2021 12:45:26 PM EDT
[#12]
Quote HistoryOriginally Posted By Vengeance6661: So is this the new floor. Damn it why didn't I buy more at $12. Every time someone asks if we're at a new floor, the price drops. |
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Posted: 8/6/2021 12:46:28 PM EDT
[#13]
Quote HistoryOriginally Posted By RatherBeLifting: https://i.imgur.com/qnC0SkT.gif Someone get Dirtboy in here so we hit $20 today. 
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Posted: 8/6/2021 12:52:17 PM EDT
[#14]
A little consolidation breather and
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Posted: 8/6/2021 12:53:36 PM EDT
[#15]
Is there Power Hour on Fridays? I forget.
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Posted: 8/6/2021 12:54:26 PM EDT
[#16]
Quote HistoryOriginally Posted By FelisTacet: Is there Power Hour on Fridays? I forget. EVERY HOUR IS POWER HOUR!!!  |
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Posted: 8/6/2021 12:55:48 PM EDT
[Last Edit: FelisTacet]
[#17]
Quote HistoryOriginally Posted By Admiral_Crunch: EVERY HOUR IS POWER HOUR!!! Quote HistoryOriginally Posted By Admiral_Crunch: Originally Posted By FelisTacet: Is there Power Hour on Fridays? I forget. EVERY HOUR IS POWER HOUR!!! I beg to differ after the last couple months. But if there is on Fridays, it started a couple hours early. Lets see if it holds, and we don't have idiots taking profits for the weekend. That "not staying in the market over the weekend" stuff doesn't make sense to me. Not like people can use it right away anyway. |
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Posted: 8/6/2021 1:09:44 PM EDT
[#18]
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Posted: 8/6/2021 1:20:52 PM EDT
[#19]
Not enough umph to get over 15.60 right now. Somebody ask that assclown to come talk some more shit. We need another boost.
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Posted: 8/6/2021 1:22:04 PM EDT
[#20]
15.29 sold!😁
Let’s get 15.99!!!! |
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Posted: 8/6/2021 1:25:11 PM EDT
[#21]
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USA
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Posted: 8/6/2021 1:27:39 PM EDT
[#22]
Quote HistoryOriginally Posted By rollin-tumblin: Because you were waiting on a fall into the 10's I'm telling ya, tiny little buys every chance you get. 2 shares, 5 shares, whatever. Avg that shit out Exactly. Was waiting it to fall. This is the way you're correct. I was looking for the grand slam now I'll have to settle for a hit here or there. |
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Posted: 8/6/2021 1:30:16 PM EDT
[#23]
@FelisTacet
When we writing some covered calls and what strike is "safe"? |
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Posted: 8/6/2021 1:33:21 PM EDT
[#24]
my stuff is looking good today! MVIS, UNIT is up, PRU is up, TSE is up. It's all so fleeting though.
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OK, USA
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Posted: 8/6/2021 1:36:58 PM EDT
[#25]
hares of Microvision (NASDAQ:MVIS) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $15.58.
Sentiment: BULLISH Option Type: SWEEP Trade Type: PUT Expiration Date: 2021-08-20 Strike Price: $16.00 Volume: 218 Open Interest: 983 Shorts and bears get beat! |
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Posted: 8/6/2021 1:39:53 PM EDT
[#26]
Quote HistoryOriginally Posted By mygreenkaw: @FelisTacet When we writing some covered calls and what strike is "safe"? Honestly? I'm not a pro on calls at all. What I do think is that we'll see ~$20 by 8/16 so I'm still looking at some 8/13 with a strike of $21 to play it safe. My 8/20 covered call buys as of right now and last week, I've been looking around $23 as safe. A couple others here believe these are probably safe and won't be called away. Now, earlier, yesterday, I was bored and anxious since I hadn't traded all day and decided on 8 contracts at $16.50 strike for 8/13. That was stupid, and I paid the price and bought them back. I let emotion rule on selling those calls for a stupid low strike.
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MN, USA
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Posted: 8/6/2021 1:40:28 PM EDT
[Last Edit: m3tric]
[#27]
Is there a good resource for learning more about selling cash secured puts? In particular, what are the downsides to selling ATM puts to pickup more shares versus a limit or market buy?
Not comfortable selling covered calls under about $20 /share but would like to at least have a plan to pick up more shares on the next dip instead of trying to time the dip |
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Posted: 8/6/2021 1:40:32 PM EDT
[#28]
So I've got (5) Aug 6th 15.50 calls I sold. Should I roll them now? Or wait closer to 1600hrs? Premium was .30 a share. Say the share price is around 15.70, what are the chances I get called?
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Posted: 8/6/2021 1:42:12 PM EDT
[#29]
Quote HistoryOriginally Posted By RatherBeLifting: hares of Microvision (NASDAQ:MVIS) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $15.58. Sentiment: BULLISH Option Type: SWEEP Trade Type: PUT Expiration Date: 2021-08-20 Strike Price: $16.00 Volume: 218 Open Interest: 983 Shorts and bears get beat! 8/20 $16.50 looks tastier if I were to sell some Puts.  Actually...be right back.
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USA
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Posted: 8/6/2021 1:51:23 PM EDT
[#30]
Quote HistoryOriginally Posted By RatherBeLifting: Buy another 1000 shares of MVIS and you may live. Quote HistoryOriginally Posted By RatherBeLifting: Originally Posted By speedfix20: Benzinga seems to think the bulls have taken over control of Mavis and the shorts are out. Sorry, no hot link. Yea, yea....low post count 13er. Euthanize me for my own good. Buy another 1000 shares of MVIS and you may live. I've got 3 years salary in right now. That's not enough? |
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Posted: 8/6/2021 1:53:37 PM EDT
[Last Edit: FelisTacet]
[#31]
Quote HistoryOriginally Posted By 58Teague: So I've got (5) Aug 6th 15.50 calls I sold. Should I roll them now? Or wait closer to 1600hrs? Premium was .30 a share. Say the share price is around 15.70, what are the chances I get called? A couple weeks ago I had another security that was ITM at the Friday close, with the premium floating around what I was curious to where a buyer would execute. They were never called away. The thing is, I didn't suspect the security would end much higher over the next few weeks so I didn't care. With MVIS as of late, I'd be buying back the calls. I did just that with some 8/13 $16.50 strike that I'd stupidly sold yesterday. Anyone else have any input? |
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USA
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Posted: 8/6/2021 1:54:05 PM EDT
[#32]
Mvis hit my avg cost so it's all green from here baby
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Posted: 8/6/2021 1:57:29 PM EDT
[#33]
Quote HistoryOriginally Posted By FelisTacet: A couple weeks ago I had another security that was ITM at the Friday close, with the premium floating around what I was curious to where a buyer would execute. They were never called away. The thing is, I didn't suspect the security would end much higher over the next few weeks so I didn't care. With MVIS as of late, I'd be buying back the calls. I did just that with some 8/13 $16.50 strike that I'd stupidly sold yesterday. Anyone else have any input? Quote HistoryOriginally Posted By FelisTacet: Originally Posted By 58Teague: So I've got (5) Aug 6th 15.50 calls I sold. Should I roll them now? Or wait closer to 1600hrs? Premium was .30 a share. Say the share price is around 15.70, what are the chances I get called? A couple weeks ago I had another security that was ITM at the Friday close, with the premium floating around what I was curious to where a buyer would execute. They were never called away. The thing is, I didn't suspect the security would end much higher over the next few weeks so I didn't care. With MVIS as of late, I'd be buying back the calls. I did just that with some 8/13 $16.50 strike that I'd stupidly sold yesterday. Anyone else have any input? Thats along the lines that I was thinking. I do believe it ll be over 15.50 next week, so not much chance in buying back in. I'm going to keep watching it as we near the close, but chances are I'll just roll them. |
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Posted: 8/6/2021 1:59:39 PM EDT
[Last Edit: Glock63]
[#34]
Quote HistoryOriginally Posted By FelisTacet: Honestly? I'm not a pro on calls at all. What I do think is that we'll see ~$20 by 8/16 so I'm still looking at some 8/13 with a strike of $21 to play it safe. My 8/20 covered call buys as of right now and last week, I've been looking around $23 as safe. A couple others here believe these are probably safe and won't be called away. Now, earlier, yesterday, I was bored and anxious since I hadn't traded all day and decided on 8 contracts at $16.50 strike for 8/13. That was stupid, and I paid the price and bought them back. I let emotion rule on selling those calls for a stupid low strike. What makes you think this will hit $20 this month? There's a ton of resistance in the $18.50 range, we can't break $15.60 today, and no expectations of news. Honestly I think you jumped the gun buying back your $16.50's. I sold Aug 27, $20 strike calls for $55/contract. With a cost basis under $10, if they hit, so be it. I don't anticipate breaking $20 until sometime in september, after the conference in Germany. |
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Posted: 8/6/2021 2:05:41 PM EDT
[#35]
Quote HistoryOriginally Posted By Admiral_Crunch: Other than that being worth 3000 words, I don't know what that means. You know when you're sittin at the blackjack table and everyone is split/doubled down and dealer is showin a bust card and everyone's cheerin for a high value card so he can bust. Lol |
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Posted: 8/6/2021 2:11:52 PM EDT
[Last Edit: FelisTacet]
[#36]
Quote HistoryOriginally Posted By Glock63: What makes you think this will hit $20 this month? There's a ton of resistance in the $18.50 range, we can't break $15.60 today, and no expectations of news. Honestly I think you jumped the gun buying back your $16.50's. I sold Aug 27, $20 strike calls for $55/contract. With a cost basis under $10, if they hit, so be it. I don't anticipate breaking $20 until sometime in september, after the conference in Germany. Quote HistoryOriginally Posted By Glock63: Originally Posted By FelisTacet: Honestly? I'm not a pro on calls at all. What I do think is that we'll see ~$20 by 8/16 so I'm still looking at some 8/13 with a strike of $21 to play it safe. My 8/20 covered call buys as of right now and last week, I've been looking around $23 as safe. A couple others here believe these are probably safe and won't be called away. Now, earlier, yesterday, I was bored and anxious since I hadn't traded all day and decided on 8 contracts at $16.50 strike for 8/13. That was stupid, and I paid the price and bought them back. I let emotion rule on selling those calls for a stupid low strike. What makes you think this will hit $20 this month? There's a ton of resistance in the $18.50 range, we can't break $15.60 today, and no expectations of news. Honestly I think you jumped the gun buying back your $16.50's. I sold Aug 27, $20 strike calls for $55/contract. With a cost basis under $10, if they hit, so be it. I don't anticipate breaking $20 until sometime in september, after the conference in Germany. The part in bold. The responses from Dave Allen in reference to prior emails about "call me after the EC" is what had me predicting the rise in price after the EC. the second part of my prediction is news. I do think we will see more news before 8/13, and we've been told we will have news updates in the EC Wednesday. Is that going to start before 8/13? Not sure but very possibly. I am not AS CONFIDENT in that as I was the EC spike, but I'm still pretty confident. This is purely speculation, but even if that doesn't turn out to be the case, I didn't lose anything except for a Covered Call premium. It's less risk than having my shares called away for ~25% less than I could have sold them for outright if there's another rise as I suspect there to be. |
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Posted: 8/6/2021 2:14:05 PM EDT
[#37]
Quote HistoryOriginally Posted By zyx5432: Those Jan 2023 calls are up to $5 now! What strike? |
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Posted: 8/6/2021 2:16:29 PM EDT
[Last Edit: Glock63]
[#38]
Dupe
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Posted: 8/6/2021 2:16:42 PM EDT
[Last Edit: Glock63]
[#39]
Quote HistoryOriginally Posted By FelisTacet: The part in bold. The responses from Dave Allen in reference to prior emails about "call me after the EC" is what had me predicting the rise in price after the EC. the second part of my prediction is news. I do think we will see more news before 8/13. I am not AS CONFIDENT in that as I was the EC spike, but I'm still pretty confident. This is purely speculation, but even if that doesn't turn out to be the case, I didn't lose anything except for a Covered Call premium. It's less risk than having my shares called away for ~25% less than I could have sold them for outright if there's another rise as I suspect there to be. I think Allen's reference about calling after the EC was in regards to MSFT finally being publicly acknowledged as a customer during said call. I believe $20 this month will be a tough nut to crack without something concrete. Ill be very pleased to be wrong. I Only have about 15% of my shares risked on covered calls. |
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OK, USA
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Posted: 8/6/2021 2:18:50 PM EDT
[#40]
Quote HistoryOriginally Posted By speedfix20: I've got 3 years salary in right now. That's not enough? Quote HistoryOriginally Posted By speedfix20: Originally Posted By RatherBeLifting: Originally Posted By speedfix20: Benzinga seems to think the bulls have taken over control of Mavis and the shorts are out. Sorry, no hot link. Yea, yea....low post count 13er. Euthanize me for my own good. Buy another 1000 shares of MVIS and you may live. I've got 3 years salary in right now. That's not enough? How much do fry cooks make?  
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Posted: 8/6/2021 2:20:12 PM EDT
[#41]
Quote HistoryOriginally Posted By Glock63: I think Allen's reference about calling after the EC was in regards to MSFT finally being publicly acknowledged as a customer during said call. I believe $20 this month will be a tough nut to crack without something concrete. Ill be very pleased to be wrong. I Only have about 15% of my shares risked on covered calls. Quote HistoryOriginally Posted By Glock63: Originally Posted By FelisTacet: The part in bold. The responses from Dave Allen in reference to prior emails about "call me after the EC" is what had me predicting the rise in price after the EC. the second part of my prediction is news. I do think we will see more news before 8/13. I am not AS CONFIDENT in that as I was the EC spike, but I'm still pretty confident. This is purely speculation, but even if that doesn't turn out to be the case, I didn't lose anything except for a Covered Call premium. It's less risk than having my shares called away for ~25% less than I could have sold them for outright if there's another rise as I suspect there to be. I think Allen's reference about calling after the EC was in regards to MSFT finally being publicly acknowledged as a customer during said call. I believe $20 this month will be a tough nut to crack without something concrete. Ill be very pleased to be wrong. I Only have about 15% of my shares risked on covered calls. I took it as him hinting toward good news in the EC...which yes, turned out to be MSFT reference as one point. He new people would be happy with the outcome, so call him back so he can say "see?". And, there it is. Tough nut to crack with no news. VERY tough nut to crack, I agree. I'm banking on news. |
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Posted: 8/6/2021 2:21:13 PM EDT
[#42]
Quote HistoryOriginally Posted By FelisTacet: I took it as him hinting toward good news in the EC...which yes, turned out to be MSFT reference as one point. He new people would be happy with the outcome, so call him back so he can say "see?". And, there it is. Tough nut to crack with no news. VERY tough nut to crack, I agree. I'm banking on news. Hope you are right! |
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Posted: 8/6/2021 2:26:37 PM EDT
[#43]
Friday afterhours news would knock it out of the park. One can hope.
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Posted: 8/6/2021 2:26:46 PM EDT
[#44]
Quote HistoryOriginally Posted By Glock63: Dupe Did you just call dupe on this thread?  |
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Posted: 8/6/2021 2:29:40 PM EDT
[Last Edit: FelisTacet]
[#45]
Quote HistoryOriginally Posted By Admiral_Crunch: Did you just call dupe on this thread? Quote HistoryOriginally Posted By Admiral_Crunch: Originally Posted By Glock63: Dupe Did you just call dupe on this thread?  We'd need a link for that. It would suck knowing I missed out on MVIS at .03 cents per share. By the way, where's our fearless leader today? I'd like to know his thoughts on today's price action and what he suspects afterhours and next week will bring if we close over $15.50 |
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Posted: 8/6/2021 2:34:53 PM EDT
[#46]
Looking like maybe we've peaked for the day.
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Posted: 8/6/2021 2:41:30 PM EDT
[#47]
Quote HistoryOriginally Posted By Admiral_Crunch: Looking like maybe we've peaked for the day. I know I have
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Posted: 8/6/2021 2:45:00 PM EDT
[Last Edit: Admiral_Crunch]
[#48]
Well, I could claim I was being clever and all reverse-psychological and such.
Back up 25 cents in the last few minutes.
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Posted: 8/6/2021 2:49:05 PM EDT
[#49]
I was hoping for $16 before close. it could happen. I have been in and out of MVIS a few times, but my current cost basis is around 17 and change. I have a feeling a real catalyst is going to put me in a good position even at that price. maybe I'm crazy.
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MO, USA
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Posted: 8/6/2021 2:51:48 PM EDT
[#50]
Nice to see the continued positive movement.
I would be quite happy with a $20 close next week. |
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