Im gonna keep buying 20 shares of hertz a week. Fuck it
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Word. Are they definitely set to recover as a business? I forget the whole backstory as far as what type of Bankruptcy they're going through...
Im willing to bet they will bounce back
Hertz Inks Temporary Deal With Creditors Linked To Fleet-reduction Plan -- MarketWatch
That's whats up...Thanks for mentioning this.
they a
they declared bankruptcy that stock is worthless its a pump and dump now
Sirius XM Preparing Bankruptcy Papers...
I am about to lose mad cash..... :angry: http://www.nytimes.com/2009/02/11/technology/companies/11radio.html Sirius XM Satellite Radio has been working with advisers to prepare for a possible bankruptcy filing in a move that could put pressure on the satellite company EchoStar, which owns...
www.bgol.us
I made out WELL on that. Ill throw a few pennies and see what happens
New to the thread but I appreciate you all. What’s cracking with the chronic.
been watching PLHNF & APHA which took a bath today. Any ideas?
im curious about KNDI (kandi electric cars).
been watching PLHNF & APHA which took a bath today. Any ideas?
im curious about KNDI (kandi electric cars).
Finally got out of Netflix with a break even felt like that shit was holding me hostage. I got in at a high point on it’s way down from earnings (Gotta remember to always look for confirmation on charts before buying). It was just taking up capital that could be used elsewhere. I violated my rule of keeping position size reasonable and tried to go big. Not a good idea. I almost doubled down on Pinterest which kicked my ass today. I at least realized that would be too much risk. I may test out rolling the options to next month (close and open in a new month and at new prices for a credit) to avoid taking the loss. At the same time Pinterest seems to gap up and down so maybe next week it drops but I doubt it.
Opened up two small positions in LPCN and TRVN who both have FDA approvals next month. TRVN approval is set for Wed so my plan is to gain a little bit off of the run up to the approval date and bail before hand. Same with LPCN who’s date is later in august.
Back at it on Monday
Opened up two small positions in LPCN and TRVN who both have FDA approvals next month. TRVN approval is set for Wed so my plan is to gain a little bit off of the run up to the approval date and bail before hand. Same with LPCN who’s date is later in august.
Back at it on Monday
I’m trying to get my feet wet on options and I’ve been learning little by little. My thing is I have several stocks that I own more than 100 shares in and I’ve been looking for tutorials on how to write an option contract using E*TRADE. I just started looking into it today.Finally got out of Netflix with a break even felt like that shit was holding me hostage. I got in at a high point on it’s way down from earnings (Gotta remember to always look for confirmation on charts before buying). It was just taking up capital that could be used elsewhere. I violated my rule of keeping position size reasonable and tried to go big. Not a good idea. I almost doubled down on Pinterest which kicked my ass today. I at least realized that would be too much risk. I may test out rolling the options to next month (close and open in a new month and at new prices for a credit) to avoid taking the loss. At the same time Pinterest seems to gap up and down so maybe next week it drops but I doubt it.
Opened up two small positions in LPCN and TRVN who both have FDA approvals next month. TRVN approval is set for Wed so my plan is to gain a little bit off of the run up to the approval date and bail before hand. Same with LPCN who’s date is later in august.
Back at it on Monday
I think that's a good idea: learning by building a strategy based on your specific situation.
After trying to take it all in at the same time, I decided to start small and buy call options with the intent on selling the contract for profit before expiration. Which is the best strategy for my situation at this time (small trading account, low holdings). The eTrade tutorials are pretty good. I didn't realize they even had a learning section until I started to explore options trading.... I went back and forth with @sickwidit a few weeks ago and I think we both agreed that this video really helped. It's hella long, but dude really streamlines with information and presents it in a linear fashion:
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Yea covered calls would be a good way to ease into it. Especially, If you have a stock trending sideways you can just keep selling premium using your own shares as leverage instead of margin. Say it’s staying around $25 and you don’t think it will go much higher you could sell calls for $27 and if it doesn’t hit that number by expiration you just keep the credit. You can also close it beforehand for say 50% profit to keep your shares. It’s a good way to make additional income on shares you already own. If it does hit the number you sell for profit. The downside would be if it spikes you don’t get the upside past the price you sold premium for.
The way I’m getting into options is by buying and selling $1 wide spreads. I pick the ones with about 70% probability of winning. My max loss is $100 - whatever credit I get for the spread. For example, I have a NIO put spread I sold for $45 so my max loss is $55. Since I’m selling I receive the cash up front and need to buy myself out at a lower price before expiration. They can also just expire worthless. Again using my NIO put as an example it allows them to sell shares for $10 but NIO is currently trading for just under $12. So no one would do that and as long as NIO stays above $10 it will just expire.
I pick the ones I’m selling based on high implied volatility rank - this site lists them -https://marketchameleon.com/volReports/VolatilityRankings - and buy ones with low volatility rank. The higher the volatility the higher the price.
The general idea is that options are almost always overpriced so more times than not you want to be selling rather than buying because time and volatility are on the side of the seller.
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What are your thoughts on electocore $ECOR? Do you see it blowing up next week?
i wouldnt be so big on ECOR next week.
the reason it took off this past week was because of its Covid news in relation to its nerve stimulation therapy.
any movement next week will just be speculative. i wouldnt even swing this one.
Good looks bro. Saved me from another bad investment. My portfolio is down big. Kandi and precipio screwed me over big time looking for new spec plays.
Does that mean MARA and RIOT is a no go for tomorrow?
exactly. the movement of those two stocks reflects on the movement of BTC.
now if there is a reversal in the early morning hours, i'll update this thread with that info.
but right now, BTC is hovering right above $11k
Look like they saying NIO about to have another record month of sales at just under 4200 for July. Looking for a spike once official numbers are released. Auto sales numbers are released before market on Monday. The last few months the sales figures have spiked the stock to new highs. Keep an eye out on the PM action to see if it’s worth it.
I have a NIO PUT spread plus some shares but probably too exposed on one stock so gonna see where this goes and may get out of one or both while it’s hot. Lots of folks who bought in high will be trying get rid of that bag but a ton of people shorted it so should be an interesting week.
Same for SNAP and MSFT depending on how this TIK TOK situation play out. If Trump str8 bans it SNAP and other socials may pop but if he allows it to be sold to MSFT I feel like SNAP will plummet. I have a Call spread on SNAP so if it spikes a bit I’m out because it can easily go the other way.
A lot of Option volume picking up on MARK so seems like folks are expecting a big move soon but I don’t trust that stock at all.
I have a NIO PUT spread plus some shares but probably too exposed on one stock so gonna see where this goes and may get out of one or both while it’s hot. Lots of folks who bought in high will be trying get rid of that bag but a ton of people shorted it so should be an interesting week.
Same for SNAP and MSFT depending on how this TIK TOK situation play out. If Trump str8 bans it SNAP and other socials may pop but if he allows it to be sold to MSFT I feel like SNAP will plummet. I have a Call spread on SNAP so if it spikes a bit I’m out because it can easily go the other way.
A lot of Option volume picking up on MARK so seems like folks are expecting a big move soon but I don’t trust that stock at all.
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..you know Ill be watching
That $12 Call might be money this week! If it can go back up towards $14 or more you’ll be chillin
They been hinting at some good news breaking for a few weeks now, so Im hoping for the best but mentally prepared for the worst. 18 days left..
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FWIW:
Nikola will redeem all of its outstanding public warrants on the 21st of August 2020.
wccftech.com
Nikola will redeem all of its outstanding public warrants on the 21st of August 2020.
Nikola (NKLA) Will Redeem All Outstanding Public Warrants in August
Nikola has announced the redemption of all outstanding or unexercised public warrants on the 21st of August 2020 at $0.01 per warrant
wccftech.com
NIO earnings call got moved up from late September to Aug 11th. Run up to that should be good with sales order announcement today.
2 halts so far...Really good news from ADT. I wasn't listening when it broke.
If you followed my advice regarding $MSFT, you are doing the money dance. $MSFT hit $213 this morning! This is definitely one of those "I told you so" moments. Secure your profits. Sell your option contract today. You can always buy another one. So, it will seem like you should hang on to it, but in reality, your contract will continue to lose value over time.
You are welcome. Your mortgage has been paid for at least a month.
You are welcome. Your mortgage has been paid for at least a month.
Workhorse is up 20% today. Should i sale and get out now and take the profit or hold a lil longer?
I’m on it, what are you thinking it’s going to run upto?
There are a lot of folks who bought in high between $13-$16 so there are walls along the way at like 13.50, $14 etc. I think this could settle at $14 eod but price action will be choppy up to that point. But with earnings next Tuesday it should go back up to $16 by the end of the week in my opinion. Not sure where people shorted (prob $15-$16) so if it breaks that it could really take off as people cover their positions.
Thanks for the analysis. Still holding on for now...
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