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MGK
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Originally 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 View Quote View All Quotes View All Quotes 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. |
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MGK
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Looks like our total lack of leadership in this country is going to be good for the markets today.
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Originally 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. View Quote View All Quotes View All Quotes 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. |
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
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never underestimate the stupidity of other people
GA, USA
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Originally 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. View Quote 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 |
"Holy shit that is way way less work than pushing a wet shit through a tube like I just did" @Kuraki
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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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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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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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"Problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented."
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Originally 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. View Quote 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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Wish I had more money to buy WISH and sell calls. They are only thing doing good today.
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
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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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"Problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented."
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
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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So, I should probably stop throwing money at ME, right?
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"I'm like some kind of evil retard Santa Claus that makes you buy your own toys." -beitodesstrafe
"I keep hearing 'must have a dialogue,' but I keep being told to shut up when I speak." -Sand_Pirate |
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United we stand, divided we fall!
I’m just here for the post count. |
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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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Originally 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 View Quote I was until I started messing with future options, I would suggest not trading those. |
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
If a Crocodile could reach Uranus, would he lick it?
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Originally 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. View Quote 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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Originally 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 View Quote View All Quotes View All Quotes 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 They trade at basically 23.5 or 23 hours a day. Why is that funky? |
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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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MGK
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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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Originally Posted By RatherBeLifting: https://i.pinimg.com/originals/c9/8f/eb/c98feb7a4d77918bac1bdba1303f020c.jpg View Quote View All Quotes View All Quotes Originally 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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Originally 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 View Quote The contracts end befor market open on certain days. And not on others. Much confusing. |
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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Originally 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! View Quote Same here. Second biggest mistake is that I wasn’t selling call contracts on MVIS from the get go. |
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Originally Posted By KaiK: Trading contracts, same as trading shares. View Quote View All Quotes View All Quotes Originally 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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q3131: I can enjoy necrobeastialexhibitionism as much as the next guy, but homonecrobestailexhibitionism is just plain sick.
Tomislav:If you truly love something, you need to shoot it, then set it on fire. (And then post pics!) كا |
Originally Posted By KaiK: I got .35 per share. View Quote View All Quotes View All Quotes Originally 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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Originally Posted By JarheadPatriot: What are you talking about? My portfolio is a bloobath. View Quote View All Quotes View All Quotes Originally 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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"Problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented."
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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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The Frog is Pepe. Someone shouts Hey Pepe @ Hillary rally, then Roger Stone Jedi Mindfucked someone in the Hillary campaign by putting Pepe in the Deplorables meme and now the shit is getting real.
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Originally 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*** View Quote 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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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
Originally 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 View Quote 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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Originally 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. View Quote 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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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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R.I.P. Jeff Hanneman (1964-2013)
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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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Be heard now or be in the herd later.
The voice in your head is a liar. Cola-warrior.com. Spring is coming. Winner of the Great Shop War of 2014. Winner of Cola Warrior 5. |
She's doing her best to penetrate the 14s and stay there.
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If a Crocodile could reach Uranus, would he lick it?
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Originally Posted By RatherBeLifting: Just like Joe Biden! Tip your waitress. I'll be here all week. View Quote View All Quotes View All Quotes Originally 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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Well, that's just fantastic.
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