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Posted: 8/19/2021 12:58:15 PM EDT
[Last Edit: KaiK]
[#1]
Quote HistoryOriginally Posted By NIevo: Lol....wait, now I'm hearing two different things  He shouldn't have used "get". Instead he should have used "have". |
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ID, USA
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Posted: 8/19/2021 1:06:54 PM EDT
[#2]
Quote HistoryOriginally Posted By CajunMojo: No, you're hearing the same thing worded differently. Quote HistoryOriginally Posted By CajunMojo: Originally Posted By NIevo: Originally Posted By colt_thompson: If you sold puts you get to buy the stock at the strike price or lower So if SENS is at $2.90 Friday afternoon you get to pay $3 a share If it's $3.10 you buy nothing In either case you keep the premium Lol....wait, now I'm hearing two different things No, you're hearing the same thing worded differently. Doh....reading is for dummies. I just re-read the replies 
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Posted: 8/19/2021 1:11:49 PM EDT
[#3]
wait, I thought the whole point of PUTS was I got to buy shares at the price I said, no matter what the price is doing. So if I sell a 2.50 put on SENS and the price goes to 3.25, I still get to pay only 2.50. but where the risk is becomes if the price is 2 at the time, then I'm still paying 2.50. Am I backasswords?
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ID, USA
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Posted: 8/19/2021 1:15:49 PM EDT
[#4]
Quote HistoryOriginally Posted By steviesterno16: wait, I thought the whole point of PUTS was I got to buy shares at the price I said, no matter what the price is doing. So if I sell a 2.50 put on SENS and the price goes to 3.25, I still get to pay only 2.50. but where the risk is becomes if the price is 2 at the time, then I'm still paying 2.50. Am I backasswords? It depends on if you are buying or selling puts. I just wasn't sure on how they executed 100% since I know with calls you have to choose to execute. |
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Posted: 8/19/2021 1:16:13 PM EDT
[#5]
Quote HistoryOriginally Posted By steviesterno16: wait, I thought the whole point of PUTS was I got to buy shares at the price I said, no matter what the price is doing. So if I sell a 2.50 put on SENS and the price goes to 3.25, I still get to pay only 2.50. but where the risk is becomes if the price is 2 at the time, then I'm still paying 2.50. Am I backasswords? Nope, strike price is $2.50. A $3.25 share price is Outside The Money (OTM). Share price must be $2.50 or LOWER at contract expiration. |
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Posted: 8/19/2021 1:38:46 PM EDT
[#6]
Nievo and Stevie.
I think you're getting confused on BUYING vs. SELLING of the puts. You understand the premise, but are mixing the two transactions and it's confusing you. I did the same thing, understood the basics but always used the wrong wording (buying or selling of). page 901 has the selling basics of calls and puts in a few videos. to look at the BUYING of those options and how the transaction plays out, Jake Broe also has videos of that. |
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ID, USA
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Posted: 8/19/2021 1:44:34 PM EDT
[#7]
Quote HistoryOriginally Posted By FelisTacet: Nievo and Stevie. I think you're getting confused on BUYING vs. SELLING of the puts. You understand the premise, but are mixing the two transactions and it's confusing you. I did the same thing, understood the basics but always used the wrong wording (buying or selling of). page 901 has the selling basics of calls and puts in a few videos. to look at the BUYING of those options and how the transaction plays out, Jake Broe also has videos of that. I've got it figured out now. I was just confused as to whether or not execution of the put was automatic or if it had to be executed by me. Thanks to everyone here for all the great knowledge. Wish I would have gotten into it more earlier with some of these stocks. |
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Posted: 8/19/2021 1:49:29 PM EDT
[Last Edit: BM-ARM-DPMS-guns]
[#8]
Sold a bunch of junk today and picked up 2000 WISH @ 6.30. We'll see if that does any better. Stats show almost 50% held by institutions. I would think that's a good sign. But what the hell do I know?
ETA: WISH @ 6.25 now, SOP. |
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Posted: 8/19/2021 1:55:55 PM EDT
[Last Edit: FelisTacet]
[#9]
Quote HistoryOriginally Posted By BM-ARM-DPMS-guns: Sold a bunch of junk today and picked up 2000 WISH @ 6.30. We'll see if that does any better. Stats show almost 50% held by institutions. I would think that's a good sign. But what the hell do I know? ETA: WISH @ 6.25 now, SOP. What strike are your calls you're selling for those shares? I think I want to pick up a bunch more, too. A quick buy and flip would be what I'd do, 9/3 Calls with a $6.50 strike would be an easy .40 a share. |
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Posted: 8/19/2021 1:59:20 PM EDT
[#10]
Originally Posted By FelisTacet: What strike are you're calls you're selling for those shares? I think I want to pick up a bunch more, too. A quick buy and flip would be what I'd do, 9/3 Calls with a $6.50 strike would be an easy .40 a share. I just bought them, no plans to do puts/calls or whatever. I lose enough just buying things. |
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Posted: 8/19/2021 2:02:49 PM EDT
[Last Edit: FelisTacet]
[#11]
Quote HistoryOriginally Posted By BM-ARM-DPMS-guns: I just bought them, no plans to do puts/calls or whatever. I lose enough just buying things. Quote HistoryOriginally Posted By BM-ARM-DPMS-guns: Originally Posted By FelisTacet: What strike are you're calls you're selling for those shares? I think I want to pick up a bunch more, too. A quick buy and flip would be what I'd do, 9/3 Calls with a $6.50 strike would be an easy .40 a share. I just bought them, no plans to do puts/calls or whatever. I lose enough just buying things. No problem. If I do the same thing, that will net me a total of $1,400.00 on September 3rd if the stock price goes to $6.50 and they sell. of course if it doesn't hit $6.50 per share I'm only netting $800.00 and keeping the shares. Hmmmm, decisions decisions. Just thinking out loud here. 
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Posted: 8/19/2021 2:06:40 PM EDT
[#12]
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Posted: 8/19/2021 2:14:50 PM EDT
[#13]
Quote HistoryI've seriously got some vodka and water queued up if needed. Might dip in early lol. |
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Posted: 8/19/2021 2:20:50 PM EDT
[#14]
Quote HistoryOriginally Posted By FelisTacet: I've seriously got some vodka and water queued up if needed. Might dip in early lol. I'm at work for another 4 hours but I am getting drunk in the pool when I get home. |
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Posted: 8/19/2021 2:24:16 PM EDT
[#15]
Quote HistoryOriginally Posted By FelisTacet: No problem. If I do the same thing, that will net me a total of $1,400.00 on September 3rd if the stock price goes to $6.50 and they sell. of course if it doesn't hit $6.50 per share I'm only netting $800.00 and keeping the shares. Hmmmm, decisions decisions. Just thinking out loud here. I only have 500 shares. I reconsidered selling $6 strike for next week and did $6.5 even if it hits I make money. |
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Posted: 8/19/2021 2:27:21 PM EDT
[#16]
Only green today is SENS out of 31 stock positions. I really need to condense my total positions to like 20 or less, ignoring options.
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Posted: 8/19/2021 2:28:32 PM EDT
[#17]
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Posted: 8/19/2021 2:34:00 PM EDT
[#18]
All my SENS gainz!!! The calls I sold are looking good though.
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Posted: 8/19/2021 2:35:49 PM EDT
[Last Edit: NotRyan]
[#19]
Quote HistoryOriginally Posted By NIevo: So if I have Puts that I sold that expire tomorrow are they automatically assigned or does the "buyer" have to choose to assign them to me? Example: I sold a $3 Put on SENS for $15. I collected the $15 premium but do I automatically get the shares tomorrow if it's above $3 or do they have to choose to sell them to me which they obviously won't? You sold the option of selling SENS for $3/share to you. The person who bought that option, paid you $15 for the option to force you to buy the shares at $3 IF the current price is below $3. So if it falls to $2.5 you're going to have to buy those shares at $3 each. |
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Posted: 8/19/2021 2:36:55 PM EDT
[#20]
Quote HistoryOriginally Posted By nolan7120: Only green today is SENS out of 31 stock positions. I really need to condense my total positions to like 20 or less, ignoring options. absolutely i did the same thing quite a while ago - just too much work trying to keep track of everything but be prepared for all the ones you dump to rocket  |
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Posted: 8/19/2021 2:38:22 PM EDT
[#21]
Only good thing about today is I'm now up +45% on MVIS calls
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USA
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Posted: 8/19/2021 2:58:08 PM EDT
[Last Edit: Vengeance6661]
[#22]
 MVIS  It’s all a fugazi. Do you know what fugazi is? Yeah, fugazi, fogazi. It’s a wazi, it’s a woozi. It’s…fairy dust. It doesn’t exist, it’s never landed, it is no matter, it’s not on the elemental chart. It’s not fucking real. Right?I gotta go jerk off... |
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Posted: 8/19/2021 3:06:37 PM EDT
[#23]
Quote HistoryOriginally Posted By KaiK: He shouldn't have used "get". Instead he should have used "have". Did you just assume my gender
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Posted: 8/19/2021 3:39:43 PM EDT
[#24]
Quote HistoryOriginally Posted By colt_thompson: Did you just assume my gender Yes.
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Posted: 8/19/2021 4:17:51 PM EDT
[#25]
What a strange day. I was up over 4% and somehow finished 1.5% down.
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Posted: 8/19/2021 4:21:44 PM EDT
[#26]
Quote HistoryOriginally Posted By KaiK: What a strange day. I was up over 4% and somehow finished 1.5% down. Last 10 days or so have been brutal for my accounts! |
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Posted: 8/19/2021 4:39:25 PM EDT
[#27]
Quote HistoryOriginally Posted By KaiK: What a strange day. I was up over 4% and somehow finished 1.5% down. I logged out and opened a beer |
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Posted: 8/19/2021 5:14:48 PM EDT
[#28]
Quote HistoryOriginally Posted By colt_thompson: I logged out and opened a beer SENS and WISH both creeping back up after hours |
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Posted: 8/19/2021 9:36:03 PM EDT
[#29]
Quote HistoryOriginally Posted By aiba7x: absolutely i did the same thing quite a while ago - just too much work trying to keep track of everything but be prepared for all the ones you dump to rocket Quote HistoryOriginally Posted By aiba7x: Originally Posted By nolan7120: Only green today is SENS out of 31 stock positions. I really need to condense my total positions to like 20 or less, ignoring options. absolutely i did the same thing quite a while ago - just too much work trying to keep track of everything but be prepared for all the ones you dump to rocket I have twice as many stocks in my watch list as I do in my portfolio. Tracking those in addition to my portfolio becomes daunting after awhile. If I were retired or had the time, it'd be more manageable. An 85yo dad, a highly emotional tween daughter, and the cutest but craziest soon to be 2yo little beauty keep my hands full. Got bit by the biotech bug a month or two ago and my position count ballooned. Went from using no margin to almost maxing it out to having a nice buffer once I sold my DFS. I should've been buying more MVIS and SENS this whole time. Got a bad feeling about next month so trying to ready some cash (hope I'm wrong!) for dips. I'm not ditching any current positions barring some grave news (like what happened with SESN). Once I start selling these biotechs, going to scale back that sector (except for SENS!). Too damn volatile. Also have various other positions to trim over time and then I'll be in good shape. |
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Posted: 8/19/2021 9:57:22 PM EDT
[#30]
Just got a 300% return on an investment in just five minutes!
 I won $20 on a $5 scratcher.
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Posted: 8/19/2021 10:10:34 PM EDT
[#31]
Quote HistoryOriginally Posted By Admiral_Crunch: Just got a 300% return on an investment in just five minutes! I won $20 on a $5 scratcher. 
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Posted: 8/20/2021 4:00:27 AM EDT
[#32]
What am I still doing awake?!?!?
I've got puts and calls to roll out and up in a little bit! I'm going to bed!!!
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Posted: 8/20/2021 5:34:25 AM EDT
[#33]
It will get better, I just need my coffee.
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Posted: 8/20/2021 7:11:28 AM EDT
[#34]
Did I miss news about MRIN?
It popped almost 25% in after hours and is up almost 20% today in pre-market. All this after a big pump and dump a few weeks ago. |
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Posted: 8/20/2021 8:03:04 AM EDT
[#35]
Quote HistoryOriginally Posted By Sonoran_Tj: Did I miss news about MRIN? It popped almost 25% in after hours and is up almost 20% today in pre-market. All this after a big pump and dump a few weeks ago. Looks like they are in some deal with Criteo but not sure how that bumps them up |
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Posted: 8/20/2021 8:08:46 AM EDT
[#36]
What a terrible week.
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Posted: 8/20/2021 8:09:37 AM EDT
[#37]
Quote HistoryOriginally Posted By Bthorn: In for more pain and disappointment. The pain is only temporary because stonks go up.... 
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Posted: 8/20/2021 8:12:58 AM EDT
[#38]
Cutting to the chase, Im so use to red I think its normal...
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Posted: 8/20/2021 9:07:10 AM EDT
[#39]
Quote HistoryOriginally Posted By JarheadPatriot: What a terrible week. MAVIS will get off the mat soon, we hope. 
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Posted: 8/20/2021 9:07:16 AM EDT
[#40]
Today is the day, I can feel it.
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Posted: 8/20/2021 9:16:24 AM EDT
[#41]
Quote HistoryOriginally Posted By Malbec: Today is the day, I can feel it. I knew it!!!! |
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Posted: 8/20/2021 9:17:18 AM EDT
[#42]
Quote HistoryOriginally Posted By myfakename: I knew it!!!! Quote HistoryOriginally Posted By myfakename: Originally Posted By Malbec: Today is the day, I can feel it. I knew it!!!! 
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Posted: 8/20/2021 9:17:54 AM EDT
[#43]
Hold my beer and watch
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Posted: 8/20/2021 9:19:43 AM EDT
[#44]
Quote HistoryOriginally Posted By Malbec: Today is the day, I can feel it. And Friday at that  
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TX, USA
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Posted: 8/20/2021 9:28:42 AM EDT
[#45]
MINE went up 50% yesterday and my valuation went up $0.92 on my 10,000 shares
Holding it just to remind me to do my due diligence in the future... |
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Posted: 8/20/2021 9:30:32 AM EDT
[Last Edit: apexcrusade]
[#46]
Quote HistoryOriginally Posted By Austin4130: MINE went up 50% yesterday and my valuation went up $0.92 on my 10,000 shares Holding it just to remind me to do my due diligence in the future... Pffft that's amateur hour. My MINE position has a market value of US$7.50. |
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GA, USA
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Posted: 8/20/2021 9:39:57 AM EDT
[#47]
Holy shit AITX just woke up.
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Posted: 8/20/2021 9:40:30 AM EDT
[#48]
Go wish go!
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Posted: 8/20/2021 9:41:15 AM EDT
[#49]
SENS tooo
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Posted: 8/20/2021 9:45:17 AM EDT
[#50]
Mavis, sens and me shaking the cobwebs out.
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