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TheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27745512 - 04/21/22 04:39 PM (1 year, 9 months ago) |
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I’m getting a little bit better at options and sold two put contracts today for a solid Benjamin. All that stuff you typed up there, GEO, I’m still re-reading with much more clarity.
I have a 100 shares of a stock with an options chain and I’d like to do a covered call. As I understand it that means I can set the price and others can take it or leave it. Can you just put an offer out there that’s a shitty ass deal the same way I could ask for $50,000 for my jalopy and if no one bites so what or is there a set price range for the premium or cost of the contract? And vice versa when I buy I contract could it be a huge rip off or is there a set parameter?
I’m just going on Robinhood tells you in very plain terms this is how much money you’re risking.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] 1
#27747223 - 04/22/22 06:55 PM (1 year, 9 months ago) |
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Of course you can open a limit order at whatever price you want, but if it’s way outside of the current spread, it probably won’t get executed, and I would advice against Good-Til-Cancelled (GTC) orders on options since you don’t want to get caught with a fill close to expiration, that you may not be prepared to manage.
Speaking of, I sold more outs on MARA this week, and that turned out to be a slight mistake. I was put additional shares today, which is fine, but regrettably, I believed we had reached a short term bottom and hadn’t also sold calls against my existing position (which would have expired worthless). In short, I was being arrogant in believing that we were near a bottom, whereas I should have been agnostic and sold outs as well as covered calls to help finance them. Oops. Going to try to remember this lesson.
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TheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27747409 - 04/22/22 09:37 PM (1 year, 9 months ago) |
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Quote:
it probably won’t get executed
executed means just that the contract got bought
and exercised means someone’s buying 100 shares
is that correct?
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] 1
#27747431 - 04/22/22 10:02 PM (1 year, 9 months ago) |
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Yah I've been watching Disney as a cheap buy. I think they've done pretty well with star wars and streaming stuff recently and are still running strong with everything else. All the gay stuff they've been doing was obviously a huge mistake for a family brand but it will likely blow over.
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TheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL] 1
#27747456 - 04/22/22 10:25 PM (1 year, 9 months ago) |
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The pro-gay stuff is going to age very well. Homophobia is already considered antisocial and will be as taboo as racism is now in a few years. Disney plays for the long term win and they’re not going to allow themselves to be on the wrong side of history.
I’m going to do some thinking about long play stocks and buy a few on Monday. Probably
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] 1
#27749806 - 04/24/22 05:27 PM (1 year, 9 months ago) |
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Quote:
TheFakeSunRa said:
Quote:
it probably won’t get executed
executed means just that the contract got bought
and exercised means someone’s buying 100 shares
is that correct?
Yes.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 3
#27750420 - 04/25/22 09:19 AM (1 year, 8 months ago) |
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Just a heads up that this market is quite dangerous and probably shouldn't be approached by novice traders with real money (recommend paper trading instead). While we are at the bottom of the current range and likely ripe for a brief snapback, this is the type of volatility that will destroy active traders who don't love and/or aren't capable of handling it with extreme discipline. If anything, I would be short-biased right now, but I would NOT be shorting today, at the bottom of the current range. Frankly, it's generally best to sit out this type of tape and wait for a more directional trend to develop. If you are keen on shorting the breakdown, you need to wait for a better entry, a relief rally that stalls out at key moving averages. But remember, you don't have to trade. If the action is ugly, just wait until it cleans itself up. Don't chop yourself up.
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ChemicalSpark

Registered: 10/08/15
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27752521 - 04/26/22 05:52 PM (1 year, 8 months ago) |
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TheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ChemicalSpark] 1
#27752763 - 04/26/22 11:11 PM (1 year, 8 months ago) |
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I kind of had this fantasy that when the market was tanking you could just buy put contracts but it turns out they’re expensive af when it’s pretty obvious what’s happening. Who’d a thunk it weren’t easy
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] 1
#27753122 - 04/27/22 09:38 AM (1 year, 8 months ago) |
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There is truth to the old adage, "there is no free lunch on Wall Street". I like to sell puts with the intent to acquire shares that I want to maintain longer term exposure to during market duress, although you'll want to be careful and do so incrementally, in case the rubber band gets stretched farther than you initially anticipate. Writing bull put spreads on the most extreme drawdowns can also be a nice way to generate profits when things are particularly bloody, as you are capitalizing on the high risk premiums in the contracts, which can bleed out quickly once prices revert to the mean.
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Gorlax



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27759491 - 05/02/22 02:40 AM (1 year, 8 months ago) |
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I'm seeing some scary looking stuff lately. Fed about to do what they been saying. Markets look crazy. Huge random dips makes me think large sell offs being spread out. I'm riding with silver it's been beat down bad. oversold at this point. Inflation is crazy. In this for the long haul
I added $NAT $GGB $FSM to swing port
got $KODK $ARIS $BORR $OPFI other port
gonna have to clean up these ports today. markets been sliding sooner or later its gonna give
Edited by Gorlax (05/02/22 02:41 AM)
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gorlax] 1
#27760731 - 05/02/22 10:28 PM (1 year, 8 months ago) |
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Oi!!
Don’t even want to open my ST account. It’s a bloody crime scene for sure, and that was with diversification strategies. It is a retirement account and I don’t need the money so just gonna take a page from my crypto book of wisdom and HODL!!!!!
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] 1
#27760738 - 05/02/22 10:35 PM (1 year, 8 months ago) |
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On a separate note I’ve been reading this book by a financial planner, Kim Snider, who plugged her tool Snider investment method, which focuses on covered calls. I’m going to spend more time researching this and hopefully in the future begin allocating my ROTH resources to it. It’s a more passive income generation tool, though still requires trade action on a monthly basis.
Not sure how it will pan out, I’ve tried in earnest to understand calls/puts but can’t wrap my friggen mind around it. I’m hoping this is a half/half set it and forget it trading style that can help me gain more clarity as well as better fit my schedule.
Will keep this thread updated with any outcomes.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Gorlax



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] 1
#27762268 - 05/04/22 12:54 AM (1 year, 8 months ago) |
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I don't trade options but I'd recommend getting familiar with regular stocks before ever dabbling into options or derivatives. I've seen people lose everything on option contracts. I like to explain it like placing a parlay bet. You need to make a lot of variables match. The leverage is nice but with stocks you are really are better off in the long haul. Warren Buffett favorite saying is his favorite length to hold something is forever.
You'd want a few accounts one with long term stocks and then another for options/daytrades/etc
anywho
Fed meeting heard its going to be 75 bps when everyone is expecting 50. 2pm EST we going to see a flash crash possibly and a good buying opportunity.
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The Ecstatic
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gorlax] 1
#27762960 - 05/04/22 02:06 PM (1 year, 8 months ago) |
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Solid day for me. Sold off my AMD shares after rallying 15% the last couple days. I’m sure it’ll keep chugging towards the $115 mark but I’ll take my profits.
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TheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: The Ecstatic] 1
#27763611 - 05/04/22 09:57 PM (1 year, 8 months ago) |
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I’ve been having a real nice stretch of green days.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] 2
#27764092 - 05/05/22 08:46 AM (1 year, 8 months ago) |
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Still a dangerous market with multiple macro headwinds persisting (i.e. inflation and the associated potential central bank overshoot that could result in recession, supply chain / labor / China covid closures, social unrest and war).
The market rejoiced yesterday on the anticipated 0.5% rate hike, because the market likes it when things go "according to plan", and yet as of this writing today (the morning after), we are now down 3% on the S&P and below yesterday's open. Crypto also giving back most of yesterday's gains. Do not get overconfident with your trades in this market. If you want to make money here, well you're just not likely to make a lot of it, so keep your expectations in check, your position size conservative and remember that patience is key. The market will get easier. We aren't there yet.
Energy is working. XOM, CVX, CVE, PSX, VLO, SU, DVN... or just hold the XLE if you don't want to cherry pick, which is hitting levels that haven't been seen since 2015.
Basic materials (XLB) have been basing for almost a year. Set alerts for $92. You could pick some off here for longer term exposure, but keep in mind the bottom of the range is 10% lower than the current price, so if you're buying now, you need to be completely comfortable with that pull back. Alternatively, wait for the $92 alert to trigger and see if we do get a bona fide breakout.
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27764113 - 05/05/22 09:02 AM (1 year, 8 months ago) |
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Crypto is dead. As for real money we all knew the rate hikes were coming but unraveling all the quantitative easement from the pandemic won't be easy. One thing we have going is dispite inflation consumer confidence remains high. However if gas gets any higher by a good amount I suspect folks will be less apt to spend. We're just going to have to see how this whole russia petroleum war plays out.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 2
#27764182 - 05/05/22 10:11 AM (1 year, 8 months ago) |
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Not a prediction, but as I was zooming out to the weekly S&P, it does appear that we have a potential Head & Shoulders pattern nearing the neckline here. On a break below ~4100, one could expect a relatively easy trip to the 200 week moving average (pink arrow landing on ~3600), and if the pattern plays out textbook, as low as ~3400.
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27764190 - 05/05/22 10:17 AM (1 year, 8 months ago) |
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Yah that last hump doesn't look good I'll tell yah that
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