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If you thought it was going to go OTM and not come back, isn’t that a reason to exercise early?
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Jun 6, 2021 01:30
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drunken officeparty posted:If you thought it was going to go OTM and not come back, isn’t that a reason to exercise early? Once exercised you lose the additional value someone else is willing to pay because they think it will keep going up. Sell the option to someone else and you will get equal to or more than exercise every time.
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Jun 6, 2021 01:43
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maybe it was AMC and they exercised to become shareholders for the free popcorn
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Jun 6, 2021 04:13
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Cacafuego posted:To clarify, I own the stock. I’m not sure how the PMCCs work, but thanks for the insight! AKA The Wheel or Triple Income. This is how I trade options on underlyings I would otherwise trade. If the underlying pays a dividend I start on the covered call side, calculate the profits I'd get if I were assigned on the first contract and take 50% of that and buy extra shares and hold on to them forever. Spreadsheets are vital. Cacafuego posted:I’ve sold a few covered calls that were ITM that someone exercised early in the middle of a trading day. Don’t know why, but it’s happened If it's just prior to ex-dividend day and the dividend is greater than the extrinsic value left on the contract, that's a common reason for early assignment. Girbot fucked around with this message at 05:55 on Jun 6, 2021 |
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Jun 6, 2021 05:49
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MAYO FETISH posted:puts on DASH gently caress DASH Nope, sell calls on VXX/UVXY. Give it some time and watch it eat poo poo due to VIX futures contango.
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Jun 6, 2021 09:40
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Jun 6, 2021 12:02
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Crosby B. Alfred posted:How long are folks here holding on to their stocks? I'm usually adding or trimming my positions over time, I don't dump everything in at once, but if you started the clock from my first position to when I completely close out, I'd say 6 months to three years. It really depends on how things go. I usually have a price target in mind, and there's only so much I'm willing to let a single position run. Pretty much, I have my thesis and as things progress I'm checking in on it. If nothing fundamental changed about the company except its share price I'll keep buying more, a little at a time. On the flip side, if nothing changed and suddenly the share price is up like 30-50% (this seemed to happen a lot in 2020) then I'd trim my position down by 1/3 or 2/3 or whatever, wait and watch, if it returned back, buy some more. Once I'm in the vicinity of my target price, I'm out. I only own a maximum of four or so individual companies a time, typically it's one or two. This has worked fantastically well for me over the last 13 years, YMMV. I don't see the appeal in losing money chasing meme stocks and options
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Jun 6, 2021 14:58
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- I'm actually up by ~5% but honestly I don't have any motivation to sell in the short term. Ideally, I am just going to let them sit for maybe a few years until I need the money for a down payment on a home, new car, vacation, rainy day, etc. I suspect that I'd probably be better of investing my money elsewhere but my retirement investment options are already on track and I've got plenty of savings.
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jeeves posted:Yeah the people making real money that everyone is jerking off to on Reddit are usually options traders, which is legit gambling. You only hear of the winners, not the tons of others who constantly lose big on everything. jeeves posted:I put those false numbers there to test to see if anyone reads non-gambling numbers itt I was still too busy wondering why people are gambling on stocks while having credit card debt.
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Jun 6, 2021 19:12
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https://twitter.com/alexhcranz/status/1401595409055768577?s=21
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Jun 6, 2021 19:19
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paternity suitor posted:I'm usually adding or trimming my positions over time, I don't dump everything in at once, but if you started the clock from my first position to when I completely close out, I'd say 6 months to three years. It really depends on how things go. I usually have a price target in mind, and there's only so much I'm willing to let a single position run. Pretty much, I have my thesis and as things progress I'm checking in on it. If nothing fundamental changed about the company except its share price I'll keep buying more, a little at a time. On the flip side, if nothing changed and suddenly the share price is up like 30-50% (this seemed to happen a lot in 2020) then I'd trim my position down by 1/3 or 2/3 or whatever, wait and watch, if it returned back, buy some more. Once I'm in the vicinity of my target price, I'm out. I only own a maximum of four or so individual companies a time, typically it's one or two. This has worked fantastically well for me over the last 13 years, YMMV. I don't see the appeal in losing money chasing meme stocks and options May you go into a little deeper detail into this? How are you determining the price target? Right now, I'm just kind of going with my gut.
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Jun 6, 2021 19:31
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This daughter is going places. Scamming churches is one of the easiest cons out there.
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Jun 6, 2021 20:57
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Pastor losing clout to 15yo crypto scammer
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Jun 6, 2021 21:18
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The pastor definitely wants all the bitcoins to be given to the church.
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Jun 6, 2021 21:25
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Only god can run a ponzi so big that it can’t fail
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Jun 6, 2021 21:57
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That’s when you know poo poo is lame. God is into it.
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Jun 6, 2021 22:29
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Crosby B. Alfred posted:How long are folks here holding on to their stocks? have boring target retirement ETFs for retirement accounts that i never touch
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Jun 6, 2021 23:36
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Reddit is going nuts on BB so join me in regretting not buying at 4.00 when it hits 60.00 tomorrow
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Jun 7, 2021 02:26
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A HORNY SWEARENGEN posted:Reddit is going nuts on BB so join me in regretting not buying at 4.00 when it hits 60.00 tomorrow BB Or BBW?
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Jun 7, 2021 02:34
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Apex clearing won’t let me open BBW orders which was annoying but I did make some money before that. Been locked down for a few days.
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Jun 7, 2021 02:37
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Pillowpants posted:BB Or BBW? BB - Blackberry Like every post is someone putting thousands in at opening tomorrow e: this is an observation only. Do NOT take this as me recommending it. It's already massively overvalued @ 13.xx e2: but who knows, wallstreetbets is dumb as poo poo and could do something stupid with it like they did amc and gme e3: oh god I'm reading the tea leaves of reddit. My brain is fully broken. The Anime Liker fucked around with this message at 02:58 on Jun 7, 2021 |
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Jun 7, 2021 02:51
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A HORNY SWEARENGEN posted:BB - Blackberry I’ll skip the memepile and just buy some Popeyes tomorrow lol
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Jun 7, 2021 03:03
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I finally got around to trying one of their chicken sandwiches that were all the rage in the before times. That was probably the only fast food item Ive ever had that lived up to the hype. For what it cost it was excellent.
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Jun 7, 2021 03:28
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DapperDraculaDeer posted:I finally got around to trying one of their chicken sandwiches that were all the rage in the before times. That was probably the only fast food item Ive ever had that lived up to the hype. For what it cost it was excellent. #YOLO PLKI tomorrow I guess.
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Jun 7, 2021 03:37
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Virigoth posted:#YOLO PLKI tomorrow I guess. QSR. They were acquired in 2017.
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Jun 7, 2021 03:47
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A HORNY SWEARENGEN posted:BB - Blackberry How the hell does BlackBerry even still exist as a company in the first place?
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Jun 7, 2021 03:58
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Girbot posted:QSR. They were acquired in 2017. Dare I dream of a world where Popeye's becomes a meme stock and the shareholders get free sandwiches?
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Jun 7, 2021 04:01
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Crosby B. Alfred posted:How the hell does BlackBerry even still exist as a company in the first place? IP Licensing.
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Jun 7, 2021 04:09
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A HORNY SWEARENGEN posted:Dare I dream of a world where Popeye's becomes a meme stock and the shareholders get free sandwiches? Honestly, I’m surprised this isn’t a thing already.
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Jun 7, 2021 04:11
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*I step out of a time machine on the floor of the NYSE in 1985* Greetings. I come from the future. A bunch of bored teenagers who call themselves apes and refer to money as chicken nuggets have turned dead technology into a joke and that joke controls the stock market but we all get free popcorn. Bye. *I get back in the machine and vanish in a burst of electricity as papers scatter in the wind*
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Jun 7, 2021 04:17
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One thing I've seen pop up a lot is HMBL, which looks dumb, but people are buying into because it might become a popular app. The only problem is that a Google search brings up an article detailing their hilarious failures. It has 57k followers on Stocktwits, so are a lot of people going to eat poo poo on this?
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Jun 7, 2021 04:25
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Red posted:One thing I've seen pop up a lot is HMBL, which looks dumb, but people are buying into because it might become a popular app. If I've learned anything in the last decade it's that the financial instruments whose proponents sound the most like cult members are the most successful and by that metric Holding My Butt Laughing looks like a winner plus the ticker symbol itself has strong meme IV
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Jun 7, 2021 04:33
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shame on an IGA posted:If I've learned anything in the last decade it's that the financial instruments whose proponents sound the most like cult members are the most successful and by that metric Holding My Butt Laughing looks like a winner plus the ticker symbol itself has strong meme IV Meme stocks are fun and can make dumb people rich/homeless, but they're still not good long-term investments.
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Jun 7, 2021 04:38
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Red posted:One thing I've seen pop up a lot is HMBL, which looks dumb, but people are buying into because it might become a popular app. I bought some when it was a couple cents and sold the same day for 50% back when it was a tile flooring penny stock that got bought to use as a reverse merger ticker for crypto vaporware. It is still worth zero cents because none of its apps have any users and no prospects to ever have any.
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Jun 7, 2021 04:43
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shame on an IGA posted:If I've learned anything in the last decade it's that the financial instruments whose proponents sound the most like cult members are the most successful and by that metric Holding My Butt Laughing looks like a winner plus the ticker symbol itself has strong meme IV Elon Musk is the wealthiest person in the world because he has a cult following despite being an idiot failson who never created anything, so this theory checks out. So I guess HMBL MOON rocketship emoji
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Jun 7, 2021 04:45
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shame on an IGA posted:plus the ticker symbol itself has strong meme IV I made some good money trading warrants on LMAO until I finally left SPACs.
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Jun 7, 2021 04:51
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A HORNY SWEARENGEN posted:*I step out of a time machine on the floor of the NYSE in 1985* ahem, it is chicken tenders, or "tendies"... you may have altered the course of history now, thanks.
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Jun 7, 2021 06:40
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Girbot posted:I made some good money trading warrants on LMAO until I finally left SPACs. I’m bag holding YOLO like a motherfuck
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Jun 7, 2021 06:46
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Girbot posted:IP Licensing. Plus Blackberry supposedly has a helluvan operating system for electric vehicles.
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Jun 7, 2021 06:56
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Girbot posted:IP Licensing. To the actual berry. Typical for botanical simpletons, it didn't have the business acumen to own its trademark.
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Jun 7, 2021 07:08
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Space Fish posted:Plus Blackberry supposedly has a helluvan operating system for electric vehicles. It’s an infotainment OS and apparently Google is also making inroads to the sector. Might be fine for BB or they might get crushed mercilessly.
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Jun 7, 2021 13:03
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