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Link Posted: 6/7/2023 9:41:09 AM EDT
[#1]
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Originally Posted By Kuraki:
holy shit we're 2.5m two minutes in
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5 Million at 10 minutes.
Link Posted: 6/7/2023 9:41:16 AM EDT
[#2]
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Originally Posted By mygreenkaw:
Any Fidelity experts here, how do I set a stop-loss on specific share lots?

Protect some gainzzz on low cost shares.
View Quote


When you open the trade window, down by where you enter the number of shares there's a small link "specify shares" clicking that will allow you to choose the lot you want to set the order for.
Link Posted: 6/7/2023 9:45:26 AM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kuraki:


When you open the trade window, down by where you enter the number of shares there's a small link "specify shares" clicking that will allow you to choose the lot you want to set the order for.
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Originally Posted By Kuraki:
Originally Posted By mygreenkaw:
Any Fidelity experts here, how do I set a stop-loss on specific share lots?

Protect some gainzzz on low cost shares.


When you open the trade window, down by where you enter the number of shares there's a small link "specify shares" clicking that will allow you to choose the lot you want to set the order for.


#thankyou  (wish wash sales didn't exist)
Link Posted: 6/7/2023 9:47:41 AM EDT
[#4]
$6.97 buy just hit
Link Posted: 6/7/2023 9:53:51 AM EDT
[#5]
Sold some $8 calls on that insane volume right after the bell.  Easy money.  
Link Posted: 6/7/2023 9:55:31 AM EDT
[#6]
I had a buy fill at 6.79
Link Posted: 6/7/2023 9:57:35 AM EDT
[#7]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
I had a buy fill at 6.79
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Link Posted: 6/7/2023 9:58:27 AM EDT
[#8]
It's so... violent.

lol
Link Posted: 6/7/2023 10:01:29 AM EDT
[#9]
Interesting Apple buys Mira (AR headset manufacturer). Linky to article, has .mil contracts but no mention of IVAS
Link Posted: 6/7/2023 10:01:40 AM EDT
[Last Edit: jpk33] [#10]
Double tap, I was aiming at my weedeater
Link Posted: 6/7/2023 10:05:00 AM EDT
[#11]
locked in some profit at 7.25 per share  this morning before the market opened. Yippee! squeeze baby squeeze!
Link Posted: 6/7/2023 10:11:03 AM EDT
[Last Edit: CajunMojo] [#12]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By mygreenkaw:
Any Fidelity experts here, how do I set a stop-loss on specific share lots?

Protect some gainzzz on low cost shares.
View Quote


Do you use ATP?

ETA: I guess I'm slow.
Link Posted: 6/7/2023 10:31:45 AM EDT
[#13]
That's a hell of an attack. Damn..
Link Posted: 6/7/2023 10:34:16 AM EDT
[#14]
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Originally Posted By armstrong001:
That's a hell of an attack. Damn..
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We still have the mid-day rush gains
Link Posted: 6/7/2023 10:35:19 AM EDT
[#15]
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Originally Posted By armstrong001:
That's a hell of an attack. Damn..
View Quote

Anyone buying for a quick scalp on another run up?
Link Posted: 6/7/2023 10:39:05 AM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By exponentialpi:

Is the strike OTM still?
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No, the calls were ITM, so not shocked they were assigned, just interesting that it was done well in advance of the contract expiration.

To add to previous replies, a large component of the time value of an option is from volatility - the more volatile recent trading of the stock, the higher the time value in the option premium.  By exercising the calls early (and I getting assigned) the long call holder got their shares at the strike price, but gave up the remaining time value.  From a purely financial perspective, they would have been better off selling the call to the market, thus capturing the time value, and buying the shares at the market (if they needed shares).

Value of an option (the premium) = Time Value + Intrinsic Value.

When an option is in the money (stock price > option price for a call), the intrinsic value is 1:1 the difference of the stock price and the strike price.  For example, a $5 call option has $1.50/share intrinsic value if the stock is at $6.50.

However, with time to expiration, the value of the option is higher than the $1.50 intrinsic value because of the time value (more time for the stock to move).  The difference between the price of the option and the intrinsic value is the time value.  

For our $5 strike example, say the contract was trading at $2.50.  $1.50 is intrinsic value, $1.00 is time value.  By exercising the call early, the long call holder gets shares at $5, and immediately has a $1.50 gain with the stock at $6.50.  However, they gave up the $1 of time value in the exercise.  

The more prudent trades would have been to sell the option for $2.50, buy shares at $6.50 - this means that their net cost basis (assuming no adjustments for premiums to open the call...) is $4 instead of $5; the $1 difference is the time value they gave up.  

Clear as mud?

Link Posted: 6/7/2023 10:42:27 AM EDT
[#17]
I'm sure you guys know this but my TD Ameritrade sent me an alert last night saying that there were no more shares available to short on MVIS.

I'm still sitting pretty.

Me last night when my wife looked at her IRA account and mentioned that it's exploded over the last few days.

Link Posted: 6/7/2023 10:43:20 AM EDT
[#18]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cmsnare:


Clear as mud?

View Quote


Link Posted: 6/7/2023 10:51:42 AM EDT
[#19]
SORRY GUYS, I CHECKED THE PRICE
Link Posted: 6/7/2023 10:53:40 AM EDT
[#20]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:


https://i.redd.it/xigpky2e7ss91.jpg
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:
Originally Posted By cmsnare:


Clear as mud?



https://i.redd.it/xigpky2e7ss91.jpg

Link Posted: 6/7/2023 10:56:21 AM EDT
[#21]
I have a weed eater I bought just to get the top handle for my flame thrower that I can offer in sacrifice tonight after work.
Link Posted: 6/7/2023 11:10:07 AM EDT
[#22]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SparticleBrane:
SORRY GUYS, I CHECKED THE PRICE
View Quote


No worries, yesterday was fun to watch...but another huge spike on no news (and little DD) just makes it harder to defend the business as a legitimate, going concern. Sumit is selling a product to conservative, extremely long term oriented OEMs. We don't need a circus.

There are a mob of new posters on R/MVIS this morning, and ST is a mess (okay, more of a mess). More than anything what we accomplished yesterday was to pull almost dead even with Luminar, at a fraction of their cash burn and twice the technology. We're positioned well for a major move now. 3X on $2 is only six bucks...3X on $7 is a whole 'nother matter.

Pulling back within spitting distance of yesterday's close as I type.
Link Posted: 6/7/2023 11:37:04 AM EDT
[#23]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cmsnare:


No, the calls were ITM, so not shocked they were assigned, just interesting that it was done well in advance of the contract expiration.

To add to previous replies, a large component of the time value of an option is from volatility - the more volatile recent trading of the stock, the higher the time value in the option premium.  By exercising the calls early (and I getting assigned) the long call holder got their shares at the strike price, but gave up the remaining time value.  From a purely financial perspective, they would have been better off selling the call to the market, thus capturing the time value, and buying the shares at the market (if they needed shares).

Value of an option (the premium) = Time Value + Intrinsic Value.

When an option is in the money (stock price > option price for a call), the intrinsic value is 1:1 the difference of the stock price and the strike price.  For example, a $5 call option has $1.50/share intrinsic value if the stock is at $6.50.

However, with time to expiration, the value of the option is higher than the $1.50 intrinsic value because of the time value (more time for the stock to move).  The difference between the price of the option and the intrinsic value is the time value.  

For our $5 strike example, say the contract was trading at $2.50.  $1.50 is intrinsic value, $1.00 is time value.  By exercising the call early, the long call holder gets shares at $5, and immediately has a $1.50 gain with the stock at $6.50.  However, they gave up the $1 of time value in the exercise.  

The more prudent trades would have been to sell the option for $2.50, buy shares at $6.50 - this means that their net cost basis (assuming no adjustments for premiums to open the call...) is $4 instead of $5; the $1 difference is the time value they gave up.  

Clear as mud?

View Quote



The extra, simple bit would be that this is a volatile stock.  by time the contract expired, calls may not have been in the money still.  their cost to exercise doesn't change, so waiting makes sense -- unless, like you said they NEEDED them right now.
Link Posted: 6/7/2023 12:14:27 PM EDT
[#24]
Clawed back to the positive for afternoon finally
Link Posted: 6/7/2023 12:41:23 PM EDT
[#25]
Fidelity caught up.

Attachment Attached File

Attachment Attached File
Link Posted: 6/7/2023 12:49:42 PM EDT
[#26]
Dang, my entire watch list is red, with the exception of Microvision and AEye (at a $0.19 stock price).

Nice show of strength right now with the NASDAQ tunneling.
Link Posted: 6/7/2023 12:59:19 PM EDT
[#27]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Dang, my entire watch list is red, with the exception of Microvision and AEye (at a $0.19 stock price).

Nice show of strength right now with the NASDAQ tunneling.
View Quote


MobileEye is doing well after Cannacord gives them a $50 Target.

Attachment Attached File


Link Posted: 6/7/2023 1:07:12 PM EDT
[#28]
See you Lazr
Link Posted: 6/7/2023 1:08:06 PM EDT
[#29]
Damn, seems stuck in a tight range.
Link Posted: 6/7/2023 1:25:59 PM EDT
[#30]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
Damn, seems stuck in a tight range.
View Quote


That’s hot.



Wait, what?  
Link Posted: 6/7/2023 1:26:41 PM EDT
[#31]
Link Posted: 6/7/2023 1:55:43 PM EDT
[#32]
NVDA, on no baby what is you doing
Link Posted: 6/7/2023 1:57:18 PM EDT
[#33]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:


That’s hot.



Wait, what?  
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:
Originally Posted By apexcrusade:
Damn, seems stuck in a tight range.


That’s hot.



Wait, what?  



Just broke through into the 7.25 range and look at her go
Link Posted: 6/7/2023 2:04:56 PM EDT
[#34]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:



Just broke through into the 7.25 range and look at her go
View Quote


You have to wonder how much dry powder (borrowed powder?) the shorts have left. Or can they just print naked/phantom shares forever?
Link Posted: 6/7/2023 2:06:48 PM EDT
[#35]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By dangerdan:
We still have the mid-day rush gains
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Originally Posted By dangerdan:
Originally Posted By armstrong001:
That's a hell of an attack. Damn..
We still have the mid-day rush gains

Link Posted: 6/7/2023 2:15:53 PM EDT
[#36]
I finally read up on and used stop limits this morning.
Well, I learned hard a good, and it only cost me 25 shares.
What volitility? LOL.
Link Posted: 6/7/2023 2:24:46 PM EDT
[#37]
Just got back from lunch and looked again at Mavis:

Link Posted: 6/7/2023 2:27:01 PM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:


You have to wonder how much dry powder (borrowed powder?) the shorts have left. Or can they just print naked/phantom shares forever?
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Originally Posted By apexcrusade:



Just broke through into the 7.25 range and look at her go


You have to wonder how much dry powder (borrowed powder?) the shorts have left. Or can they just print naked/phantom shares forever?


I know you're not a fan of the WSB smooth brains, but it would be awfully interesting if they got involved.

The shorts are in a precarious position right now.
Link Posted: 6/7/2023 2:30:14 PM EDT
[#39]
I took some profits at 7.28, y'all are welcome.
Link Posted: 6/7/2023 2:30:16 PM EDT
[#40]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By RatherBeLifting:

The shorts are in a precarious position right now.
View Quote


I hope it hurts.
Link Posted: 6/7/2023 2:31:08 PM EDT
[Last Edit: apexcrusade] [#41]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:


You have to wonder how much dry powder (borrowed powder?) the shorts have left. Or can they just print naked/phantom shares forever?
View Quote



I wish I knew.  Man there was just a 17 cent smackdown from 7.68 to 7.51
Link Posted: 6/7/2023 3:00:59 PM EDT
[#42]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:


I wish I knew.  Man there was just a 17 cent smackdown from 7.68 to 7.51
View Quote


And it only lasted for maybe 30 minutes.  
Link Posted: 6/7/2023 3:02:02 PM EDT
[#43]
Power hour!
Link Posted: 6/7/2023 3:04:12 PM EDT
[#44]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:


And it only lasted for maybe 30 minutes.  
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:
Originally Posted By apexcrusade:


I wish I knew.  Man there was just a 17 cent smackdown from 7.68 to 7.51


And it only lasted for maybe 30 minutes.  



The one I saw gapped down suddenly all at once.  I'm still getting used to the schwab platform so don't have all the tools I need to see what happened
Link Posted: 6/7/2023 3:05:02 PM EDT
[#45]
$8.07
Link Posted: 6/7/2023 3:05:11 PM EDT
[#46]
Whoomp! There it is.
Link Posted: 6/7/2023 3:05:25 PM EDT
[#47]
If we close above $8, I’m ordering a big margarita at dinner.
Link Posted: 6/7/2023 3:06:12 PM EDT
[#48]
Doing about 100,000 shares every 30 seconds currently
Link Posted: 6/7/2023 3:07:12 PM EDT
[#49]
I couldn't look at my shares in the green and let an opportunity go. I sold a few covered calls at a strike price of 8. Pocketed some cash today and if they get exercised I'll take some nice profit on some lower priced shares.
Link Posted: 6/7/2023 3:15:29 PM EDT
[#50]
W
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:
If we close above $8, I’m ordering a big margarita at dinner.
View Quote


Wow, up 17%...and every bit of it was hard fought. Twenty-seven million, five hundred shares. That's a lot of conviction from someone.

Is there short capitulation on the high side? I guess they have to hold the line, 'cause that unlimited liability gets really ugly.

And another huge dump. They knocked 6% off in less than two minutes. This is a helluva fight.
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