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Posted: 8/16/2021 9:55:09 AM EDT
[#1]
Quote HistoryOriginally Posted By m6z: Sold my Doge I'm just now even... think it's topped out already? |
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Posted: 8/16/2021 9:56:45 AM EDT
[#2]
Quote HistoryOriginally Posted By Total53: Options are contracts for you to sell or buy and are on first blush simple yet after looking get more complicated. Easiest for me is to: Sell a Put contract on a stock I want to own/buy (MVIS) at a price I want to pay. OR Sell a Call contract on shares of a stock I want to sell at a price I want to receive. I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up. Thats options for me  Quote HistoryOriginally Posted By Total53: Originally Posted By blupupher: Same here, I still just don't get it, even after reading everything and watching several videos. Am I not making as much money by not doing calls/options, probably. Would I lose money doing it on my own right now, absolutely. Options are contracts for you to sell or buy and are on first blush simple yet after looking get more complicated. Easiest for me is to: Sell a Put contract on a stock I want to own/buy (MVIS) at a price I want to pay. OR Sell a Call contract on shares of a stock I want to sell at a price I want to receive. I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up. Thats options for me "I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up." Can you explain this to me, currently only selling covered calls and will be doing covered puts once my application is updated. |
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Posted: 8/16/2021 9:58:18 AM EDT
[#3]
Looks like our total lack of leadership in this country is going to be good for the markets today.
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Posted: 8/16/2021 9:58:31 AM EDT
[#4]
Quote HistoryOriginally Posted By mygreenkaw: "I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up." Can you explain this to me, currently only selling covered calls and will be doing covered puts once my application is updated. Quote HistoryOriginally Posted By mygreenkaw: Originally Posted By Total53: Originally Posted By blupupher: Same here, I still just don't get it, even after reading everything and watching several videos. Am I not making as much money by not doing calls/options, probably. Would I lose money doing it on my own right now, absolutely. Options are contracts for you to sell or buy and are on first blush simple yet after looking get more complicated. Easiest for me is to: Sell a Put contract on a stock I want to own/buy (MVIS) at a price I want to pay. OR Sell a Call contract on shares of a stock I want to sell at a price I want to receive. I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up. Thats options for me "I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up." Can you explain this to me, currently only selling covered calls and will be doing covered puts once my application is updated. Trading contracts, same as trading shares. |
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Posted: 8/16/2021 10:07:17 AM EDT
[#5]
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Posted: 8/16/2021 10:16:04 AM EDT
[#6]
Quote HistoryOriginally Posted By mygreenkaw: "I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up." Can you explain this to me, currently only selling covered calls and will be doing covered puts once my application is updated. you can trade contracts before expiration. It's basically a game of hot potato from what I can see, depending on what is happening to the price as the dates get closer. Honestly this scares me as a newbie |
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Posted: 8/16/2021 10:22:38 AM EDT
[#7]
Today is a HODL day. Market reacting to shitty world politics news. Go fishing, or play a game at your computer instead of watching the markets.
Or of course, maybe a buying day as well. |
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USA
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Posted: 8/16/2021 10:25:17 AM EDT
[#8]
Quote HistoryOriginally Posted By nisa715: Looks like our total lack of leadership in this country is going to be good for the markets today. Just means it's time to buy more. 
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Posted: 8/16/2021 10:28:00 AM EDT
[#9]
Somebody page Dickface, we need a boost.
Of course he'll blame everything on MVIS...even though the entire LiDAR sector is deep red like the broader market. |
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Posted: 8/16/2021 10:29:00 AM EDT
[#10]
SENS is holding pretty strong at $3
DPLS is approaching a buy in WISH is tempting me AMC is up on a down day Time for poor decisions and regret |
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USA
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Posted: 8/16/2021 10:31:09 AM EDT
[#11]
Quote HistoryOriginally Posted By FelisTacet: Somebody page Dickface, we need a boost. Of course he'll blame everything on MVIS...even though the entire LiDAR sector is deep red like the broader market. I think it was me that triggered him last time. I believe I said something along the lines of next month people will be kicking themselves on the ass for not buying while it's still discounted so.... Next month people will be kicking themselves in the ass next month when they realize they could of gotten more mvis while its at $13.xx. |
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Posted: 8/16/2021 10:33:53 AM EDT
[#12]
Wish I had more money to buy WISH and sell calls. They are only thing doing good today.
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Posted: 8/16/2021 10:36:15 AM EDT
[#13]
Quote HistoryOriginally Posted By KaiK: Wish I had more money to buy WISH and sell calls. They are only thing doing good today. You know it's bad when -8% is good.
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Posted: 8/16/2021 10:38:15 AM EDT
[#14]
I was able to get about 1.15 pps for my last MVIS sell vs buy back. Split the funds on MVIS, BVXV and MRIN.....ready for one of them to move up, lol
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Posted: 8/16/2021 10:39:26 AM EDT
[#15]
Quote HistoryOriginally Posted By KaiK: Wish I had more money to buy WISH and sell calls. They are only thing doing good today. Bought a couple hundred at $6.85 Selling august 20 $7.50 calls |
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Posted: 8/16/2021 10:44:16 AM EDT
[#16]
Quote HistoryOriginally Posted By colt_thompson: Bought a couple hundred at $6.85 Selling august 20 $7.50 calls I transferred some more money. Now seeing if it drops more. |
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Posted: 8/16/2021 10:54:31 AM EDT
[Last Edit: FelisTacet]
[#17]
I’m going to hold off from selling calls today, unless some of this red shit blows over.
Monday morning market blues from the news of Biden’s latest mistake sure isn’t good for call selling premiums. Maybe I’ll sell a couple more puts today, premiums are nice on those. If the market is still red tomorrow, I’ll sell my weekly calls anyway...something is better than nothing. KaiK, I received $3.36 per share for selling MVIS 9/10 @ $16.50 strike puts. I’ll buy back the 8/20 leg once/if the market improves today. Definitely sometime before expiration. |
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MO, USA
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Posted: 8/16/2021 11:06:45 AM EDT
[#18]
So, I should probably stop throwing money at ME, right?
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Posted: 8/16/2021 11:09:40 AM EDT
[#19]
Quote HistoryOriginally Posted By m6z: So, I should probably stop throwing money at ME, right? I'm just HODLing.  I was nicely green there for a day or so, before it started sliding. |
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MO, USA
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Posted: 8/16/2021 11:12:20 AM EDT
[#20]
Quote HistoryOriginally Posted By mygreenkaw: I'm just now even... think it's topped out already? Hell if I know, saw I was in the green last night and got out. I don't have much faith in anything right now. |
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Posted: 8/16/2021 11:31:34 AM EDT
[#21]
Quote HistoryOriginally Posted By mygreenkaw: "I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up." Can you explain this to me, currently only selling covered calls and will be doing covered puts once my application is updated. A full explanation involves derivative value and theta burn down. For me it is a chance to profit on the stock going up but not owning the stock. Expiration of the contract can be soon, sometimes the same day, or long 6 months to a year or more (leaps). it just depends on if you're feeling lucky. Kaik was killing SPY calls and puts, I tried and was smacked around pretty good. Real world lessons are never cheap.  I believe his instructions were to watch some youtube videos and be prepared to lose about $7k, then you will understand options. 
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Posted: 8/16/2021 11:32:11 AM EDT
[#22]
Quote HistoryOriginally Posted By nisa715: Looks like our total lack of leadership in this country is going to be good for the markets today. 
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Posted: 8/16/2021 11:36:21 AM EDT
[#23]
Bought some more WISH. Sold calls. They are paying 5% of the 7 strike price for 1 week. That's pretty sweet.
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Posted: 8/16/2021 11:39:43 AM EDT
[Last Edit: KaiK]
[#24]
Quote HistoryOriginally Posted By Total53: A full explanation involves derivative value and theta burn down. For me it is a chance to profit on the stock going up but not owning the stock. Expiration of the contract can be soon, sometimes the same day, or long 6 months to a year or more (leaps). it just depends on if you're feeling lucky. Kaik was killing SPY calls and puts, I tried and was smacked around pretty good. Real world lessons are never cheap. I believe his instructions were to watch some youtube videos and be prepared to lose about $7k, then you will understand options. https://media.giphy.com/media/kC2cRqEt8o41COgjoV/giphy.gif I was until I started messing with future options, I would suggest not trading those.
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Posted: 8/16/2021 11:45:49 AM EDT
[#25]
Quote HistoryOriginally Posted By KaiK: I was until I started messing with future options, I would suggest not trading those. I remember the futures fiasco with futures market trading hours being funky and you basically saying "don't do what I did". IBKR has futures for Crypto, what a combination. 
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Posted: 8/16/2021 11:52:24 AM EDT
[#26]
Quote HistoryOriginally Posted By KaiK: Bought some more WISH. Sold calls. They are paying 5% of the 7 strike price for 1 week. That's pretty sweet. Did the same, bought 300 wish at $6.90 and turned around and sold 3 contracts. 8/20 @ $7.00 strike. .31 cents a share, netted $90 on the premium after transaction fee. Not bad at all.  You guys are a bad influence, I love it. 
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OK, USA
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Posted: 8/16/2021 11:53:40 AM EDT
[#27]
Quote HistoryOriginally Posted By Total53: I remember the futures fiasco with futures market trading hours being funky and you basically saying "don't do what I did". IBKR has futures for Crypto, what a combination. https://media.giphy.com/media/l2Je7PWhXi9m3Ar04/giphy.gif Quote HistoryOriginally Posted By Total53: Originally Posted By KaiK: I was until I started messing with future options, I would suggest not trading those. I remember the futures fiasco with futures market trading hours being funky and you basically saying "don't do what I did". IBKR has futures for Crypto, what a combination. https://media.giphy.com/media/l2Je7PWhXi9m3Ar04/giphy.gif They trade at basically 23.5 or 23 hours a day. Why is that funky?  
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Posted: 8/16/2021 11:54:40 AM EDT
[#28]
 Got that I've been learning all this with real money! Best part though was the chunk I've been learning with is all MVIS gains, originally bought in at $0.68. Biggest mistake (most costly) I've made was not buying enough MVIS back then.. LOL. Hindsight and all that! I better do some video watching this evening then! |
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Posted: 8/16/2021 11:55:55 AM EDT
[#29]
C’mon SENS!
Feeling a little better about my sold 20 put contracts on SENS for 8/20 @ $3.00 strike. Been riding that fence for several days now. |
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Posted: 8/16/2021 11:57:07 AM EDT
[Last Edit: FelisTacet]
[#30]
Quote HistoryOriginally Posted By RatherBeLifting: https://i.pinimg.com/originals/c9/8f/eb/c98feb7a4d77918bac1bdba1303f020c.jpg Quote HistoryOriginally Posted By RatherBeLifting: Originally Posted By Total53: Originally Posted By KaiK: I was until I started messing with future options, I would suggest not trading those. I remember the futures fiasco with futures market trading hours being funky and you basically saying "don't do what I did". IBKR has futures for Crypto, what a combination. https://media.giphy.com/media/l2Je7PWhXi9m3Ar04/giphy.gif https://i.pinimg.com/originals/c9/8f/eb/c98feb7a4d77918bac1bdba1303f020c.jpg 
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Posted: 8/16/2021 11:59:15 AM EDT
[#31]
Quote HistoryOriginally Posted By Total53: I remember the futures fiasco with futures market trading hours being funky and you basically saying "don't do what I did". IBKR has futures for Crypto, what a combination. https://media.giphy.com/media/l2Je7PWhXi9m3Ar04/giphy.gif The contracts end befor market open on certain days. And not on others. Much confusing. |
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Posted: 8/16/2021 11:59:55 AM EDT
[#32]
Quote HistoryOriginally Posted By FelisTacet: Did the same, bought 300 wish at $6.90 and turned around and sold 3 contracts. 8/20 @ $7.00 strike. .31 cents a share, netted $90 on the premium after transaction fee. Not bad at all. You guys are a bad influence, I love it. I got .35 per share.
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Posted: 8/16/2021 12:00:04 PM EDT
[#33]
Quote HistoryOriginally Posted By mygreenkaw: Got that I've been learning all this with real money! Best part though was the chunk I've been learning with is all MVIS gains, originally bought in at $0.68. Biggest mistake (most costly) I've made was not buying enough MVIS back then.. LOL. Hindsight and all that! I better do some video watching this evening then! Same here. Second biggest mistake is that I wasn’t selling call contracts on MVIS from the get go. |
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Posted: 8/16/2021 12:03:47 PM EDT
[#34]
Quote HistoryOriginally Posted By KaiK: Trading contracts, same as trading shares. Quote HistoryOriginally Posted By KaiK: Originally Posted By mygreenkaw: Originally Posted By Total53: Originally Posted By blupupher: Same here, I still just don't get it, even after reading everything and watching several videos. Am I not making as much money by not doing calls/options, probably. Would I lose money doing it on my own right now, absolutely. Options are contracts for you to sell or buy and are on first blush simple yet after looking get more complicated. Easiest for me is to: Sell a Put contract on a stock I want to own/buy (MVIS) at a price I want to pay. OR Sell a Call contract on shares of a stock I want to sell at a price I want to receive. I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up. Thats options for me "I will on occasion buy calls but never to own shares, only to trade out if the price of the contract goes up." Can you explain this to me, currently only selling covered calls and will be doing covered puts once my application is updated. Trading contracts, same as trading shares. Except that the value of contracts go to zero more often than the value of stocks. 
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Posted: 8/16/2021 12:06:33 PM EDT
[Last Edit: FelisTacet]
[#35]
Quote HistoryOriginally Posted By KaiK: I got .35 per share. Quote HistoryOriginally Posted By KaiK: Originally Posted By FelisTacet: Did the same, bought 300 wish at $6.90 and turned around and sold 3 contracts. 8/20 @ $7.00 strike. .31 cents a share, netted $90 on the premium after transaction fee. Not bad at all. You guys are a bad influence, I love it. I got .35 per share. How many contracts, though?!?! Lol, I had a limit in for my 300 at $6.85 ***watches real-time quote bounce .02 above that for 15 minutes*** Reset my limit to $6.86 ***watches real-time quote bounce .02 above that for 10 minutes*** Reset my limit to $6.88 ***watches real-time quote bounce .02 above that for 5 minutes*** Finally said fuck it and set my limit to current price of $6.90 ***watches real-time quote bounce .01 above that for a minute or so...... *** Aaaaaand, FINALLY! EDIT: ***looks at current share price of stock. $6.83*** 
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Posted: 8/16/2021 12:12:45 PM EDT
[#36]
Quote HistoryOriginally Posted By JarheadPatriot: What are you talking about? My portfolio is a bloobath. Quote HistoryOriginally Posted By JarheadPatriot: Originally Posted By nisa715: Looks like our total lack of leadership in this country is going to be good for the markets today. Sarcasm |
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Posted: 8/16/2021 12:31:55 PM EDT
[#37]
Quote HistoryOriginally Posted By KaiK: I got .35 per share. I got .30 
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Posted: 8/16/2021 12:34:37 PM EDT
[#38]
AMC and SENS are green. ME is the permanent red stain in my portfolio. Lady Mavis is sucking hind tit again.
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Posted: 8/16/2021 12:42:55 PM EDT
[#39]
another 43 MVIS shares @$13.73, my mole hill is slowly growing... I would love to see Ms Mavis moon, but I guess I will keep grinding out small purchases while the opportunity is here. I wish that I would have found this thread last year, a little over 1k shares @$13.95 average.
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Posted: 8/16/2021 12:48:40 PM EDT
[#40]
Quote HistoryOriginally Posted By FelisTacet: How many contracts, though?!?! Lol, I had a limit in for my 300 at $6.85 ***watches real-time quote bounce .02 above that for 15 minutes*** Reset my limit to $6.86 ***watches real-time quote bounce .02 above that for 10 minutes*** Reset my limit to $6.88 ***watches real-time quote bounce .02 above that for 5 minutes*** Finally said fuck it and set my limit to current price of $6.90 ***watches real-time quote bounce .01 above that for a minute or so...... *** Aaaaaand, FINALLY! EDIT: ***looks at current share price of stock. $6.83*** Only 2. My CPS is 6.87. I'm feeling this is a long hold. And I'm going to keep acquiring and selling calls along the way. |
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Posted: 8/16/2021 12:49:29 PM EDT
[#41]
Quote HistoryOriginally Posted By colt_thompson: I got .30 Got it on that bounce. You got a way lower CPS than me though. |
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USA
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Posted: 8/16/2021 12:53:13 PM EDT
[Last Edit: Vengeance6661]
[#42]
Quote HistoryOriginally Posted By TxTacticalArms: another 43 MVIS shares @$13.73, my mole hill is slowly growing... I would love to see Ms Mavis moon, but I guess I will keep grinding out small purchases while the opportunity is here. I wish that I would have found this thread last year, a little over 1k shares @$13.95 average. /media/mediaFiles/sharedAlbum/gCZW4C8_zpszk9iufhb_GIF-113.gif I always thought he was giving the middle finger in that gif. I just now realized he was crossing his fingers Slowly lowering my cost average as well. 586 shares @ $15.47. Have a limit buy for $13.50 here, though in the long run I guess it doesn't matter if it's $13.50 or $13.70 or $13.90. |
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Posted: 8/16/2021 12:57:22 PM EDT
[#43]
Quote HistoryOriginally Posted By Vengeance6661: I always thought he was giving the middle finger in that gif. I just now realized he was crossing his fingers Slowly lowering my cost average as well. 586 shares @ $15.47. Have a limit buy for $13.50 here, though in the long run I guess it doesn't matter if it's $13.50 or $13.70 or $13.90. I will keep accumulating sub $15, my venture into buying calls, cost me $1300. I wish I had bought shares instead, live and learn. |
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Posted: 8/16/2021 1:56:27 PM EDT
[Last Edit: nolan7120]
[#44]
Bought PSFE, WISH, more ME, more TPST, more SNDL (no idea why but have been picking up 100 sh increments as it drops), and sold puts on MVIS, ME, and PSFE.
Edit: since I'm a glutton for punishment, finally bought back my 8/20 BSQR calls and put in an order for 200 more shares. Want to partially sell CCs on this and save some shares for the next run up, which hopefully isn't too far away. |
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Posted: 8/16/2021 2:18:53 PM EDT
[Last Edit: KaiK]
[#45]
All my stuff is green, yay. Not much though.
Never mind, WISH went up too much and raised my call values. |
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USA
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Posted: 8/16/2021 2:30:17 PM EDT
[#46]
She's doing her best to penetrate the 14s and stay there.
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OK, USA
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Posted: 8/16/2021 2:52:09 PM EDT
[Last Edit: RatherBeLifting]
[#47]
Quote HistoryOriginally Posted By Vengeance6661: She's doing her best to penetrate the 14s and stay there. Just like Joe Biden! Tip your waitress. I'll be here all week. |
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Posted: 8/16/2021 3:17:30 PM EDT
[#48]
Quote HistoryOriginally Posted By RatherBeLifting: Just like Joe Biden! Tip your waitress. I'll be here all week. 
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Posted: 8/16/2021 3:18:41 PM EDT
[#49]
Quote HistoryOriginally Posted By RatherBeLifting: Just like Joe Biden! Tip your waitress. I'll be here all week. Quote HistoryOriginally Posted By RatherBeLifting: Originally Posted By Vengeance6661: She's doing her best to penetrate the 14s and stay there. Just like Joe Biden! Tip your waitress. I'll be here all week.  Attached File |
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USA
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Posted: 8/16/2021 3:31:32 PM EDT
[#50]
Quote HistoryOriginally Posted By RatherBeLifting: Just like Joe Biden! Tip your waitress. I'll be here all week. 
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