The Investment Thread (3 Viewers)

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Just made a killing on my $160 GME puts, closed them out. Probably should have held because if that last little support doesn't hold at $150 it could be headed for double digits fast.

Got in the money on my TSLA calls yesterday, closed them out. My puts don't expire until January and still holding those but up a chunk on those today but never count paper gains with options.
 
bclemms said:
Just made a killing on my $160 GME puts, closed them out. Probably should have held because if that last little support doesn't hold at $150 it could be headed for double digits fast.

Got in the money on my TSLA calls yesterday, closed them out. My puts don't expire until January and still holding those but up a chunk on those today but never count paper gains with options.
Click to expand...

refresh me since i dont dabble in options....

you bought say 100 puts of GME to sell at $160 on 12/8 - like a month ago and betting the price on 12/8 ( strike date? ) will be lower than the put amt of $160?

based on this chart ( right side ) - i buy 100 puts @170 for 12/10 for $10.65 per- thats $1065. If the price of GME on 12/10 is $140....i can sell my 100 shares at $170...which is a gross profit of 3000 or net of $1935 ( minus the $1065 cost ) - correct?

GAMESTOP CORP CL A (GME) Option Chain

TLT Options chain. Get daily and historical stock, index, and ETF option chains with greeks.
www.optionistics.com
 
efil4stnias said:
refresh me since i dont dabble in options....

you bought say 100 puts of GME to sell at $160 on 12/8 - like a month ago and betting the price on 12/8 ( strike date? ) will be lower than the put amt of $160?

based on this chart ( right side ) - i buy 100 puts @170 for 12/10 for $10.65 per- thats $1065. If the price of GME on 12/10 is $140....i can sell my 100 shares at $170...which is a gross profit of 3000 or net of $1935 ( minus the $1065 cost ) - correct?

GAMESTOP CORP CL A (GME) Option Chain

TLT Options chain. Get daily and historical stock, index, and ETF option chains with greeks.
www.optionistics.com
Click to expand...
Yes. I usually only buy the shorter term options and I'll usually straddle or play both sides.

For GME I just bought puts, Grabbed the $160 put and at the time the stock price was around $185. I also bought a short contract length which made the options cheap. These are higher risk because you are basically betting the stock is going to make a large swing rather quickly. Given how the meme stocks and crypto are performing over the past few weeks I felt pretty good about my bet and expect a continuation of those unwinding. So I waited for GME to fall to a nice technical point where it hit support and sold for a really nice profit.

For TSLA I bought short term calls last week when I felt Omicron was being over blown and the market took a big dive. However, I also thought there were underlying conditions that could make the market keep going down. So I bought short term call options expecting TSLA to bounce to the $1060 range when the stock was in the upper $980's. Also looking at the 1 year chart I saw some bearish signals that the price was likely to retest support around $900 in the coming weeks. So after that one day TSLA ran up big I bought some January put options for $910. I fully expected to lose some money on that put the last two days but it was going to lose at a slower rate than the shorter term call options would gain. It hit $1060, I sold my call options for a nice profit. Today, TSLA ran down big and my put options are now worth well more than I paid for them. I do think TSLA is going to run down some more so I'm going to hold those put options. However, I may lock in some profits by purchasing some shorter term TSLA calls again.

In order for plays like this to work you must have volatility. There are windows in which you can lose but the losses are limited. Straddling is simply buying the dips, selling the peaks but having positions during the ride each way. If the market makes massive moves like a 20% up or down week then you are going to make a lot of money regardless of the direction. Next you can mix in some leveraged ETF stocks to reduce the risk some more. Say you want to bet against TSLA but you are scared of a broader rally. You can buy the TSLA put and then turn around and by a leveraged index. If the market goes up you can adjust how much you want to make or lose using those ETF's. If the market indeed rallies and TSLA goes down then you just make a killing. If the whole market goes down then your option will pull a ton of weight and percetage of investment in those ETF's will dictate how much you make/lose. The only way you don't make money is sideways movement and the amount you make/lose just depends on how far you reached on your options. If you have volatility, you understand basic technicals and you can nearly constantly watch the markets it's an easy play. I try to snipe 4-6% in moves but the past couple of weeks it's been much higher, some luck, some skill. From these moves, even if my put options in TSLA expire out of the money, I'm still up for the whole play. However, if the market decides to just flat out crash then I'll make huge gains with almost all of my cash on the sidelines.

There are so many ways to make easier gains in the market since Covid but I just don't trust it and think we're looking at a massive bubble so don't want to get caught long when it crashes because it's going to be brutal and want to have liquiditiy to buy whenever it does finally happen.
 
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bclemms said:
Yes. I usually only buy the shorter term options and I'll usually straddle or play both sides.

For GME I just bought puts, Grabbed the $160 put and at the time the stock price was around $185. I also bought a short contract length which made the options cheap. These are higher risk because you are basically betting the stock is going to make a large swing rather quickly. Given how the meme stocks and crypto are performing over the past few weeks I felt pretty good about my bet and expect a continuation of those unwinding. So I waited for GME to fall to a nice technical point where it hit support and sold for a really nice profit.

For TSLA I bought short term calls last week when I felt Omicron was being over blown and the market took a big dive. However, I also thought there were underlying conditions that could make the market keep going down. So I bought short term call options expecting TSLA to bounce to the $1060 range when the stock was in the upper $980's. Also looking at the 1 year chart I saw some bearish signals that the price was likely to retest support around $900 in the coming weeks. So after that one day TSLA ran up big I bought some January put options for $910. I fully expected to lose some money on that put the last two days but it was going to lose at a faster rate than the shorter term call options would gain. It hit $1060, I sold my call options for a nice profit. Today, TSLA ran down big and my put options are now worth well more than I paid for them. I do think TSLA is going to run down some more so I'm going to hold those put options. However, I may lock in some profits by purchasing some shorter term TSLA calls again.

In order for plays like this to work you must have volatility. There are windows in which you can lose but the losses are limited. Straddling is simply buying the dips, selling the peaks but having positions during the ride each way. If the market makes massive moves like a 20% up or down week then you are going to make a lot of money regardless of the direction. Next you can mix in some leveraged ETF stocks to reduce the risk some more. Say you want to bet against TSLA but you are scared of a broader rally. You can buy the TSLA put and then turn around and by a leveraged index. If the market goes up you can adjust how much you want to make or lose using those ETF's. If the market indeed rallies and TSLA goes down then you just make a killing. If the whole market goes down then your option will pull a ton of weight and percetage of investment in those ETF's will dictate how much you make/lose. The only way you don't make money is sideways movement and the amount you make/lose just depends on how far you reached on your options. If you have volatility, you understand basic technicals and you can nearly constantly watch the markets it's an easy play. I try to snipe 4-6% in moves but the past couple of weeks it's been much higher, some luck, some skill.
Click to expand...

but it also sounds like you have the ability ( when not on road ) to be 100% focused on the market, your trades etc.

I had always wanted to dabble, but my job, i can get a call or client that can take up my day and by time i look up, market goes haywire and i would be in/out the $$$.

but thanks for clarification since i dont execute trades like that, just never really fully understood the mechanics behind it.
 
efil4stnias said:
but it also sounds like you have the ability ( when not on road ) to be 100% focused on the market, your trades etc.

I had always wanted to dabble, but my job, i can get a call or client that can take up my day and by time i look up, market goes haywire and i would be in/out the $$$.

but thanks for clarification since i dont execute trades like that, just never really fully understood the mechanics behind it.
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If you want a great way to lose money fast, buy some options and check back daily. :hihi:

Yes, I got my arse handed to me several times the past few years by getting my plays together then having to leave for a job then a few days later finally check in to see a masacre. Now I just close everything out before I even jump on a plane or just have minimal low risk positions.

I also had long stretches where I just wasn't invested in anything because there wasn't enough volatility.
 
GameStop had the highest short volume percentage since July. 70% short volume today.

At least with retail, not much evidence of a sell off.

7C6F16FB-23DA-489F-8F6D-F6F7C6CA4258.jpeg
 
LonghornSaint said:
Direxion is launching an mRNA technology based ETF, looks interesting at first glance.

www.etftrends.com

Direxion Launches mRNA Technology-Focused ETF | ETF Trends

Direxion has announced today in a press release the launch of their newest ETF, the Direxion mRNA ETF (MSGR).
www.etftrends.com www.etftrends.com

Explore Direxion's All ETFs | Direxion

Explore Direxion's leveraged and inverse and non-leveraged ETFs. Find the ETFs to meet your investment goals.
www.direxion.com www.direxion.com
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I think it's brilliant.

Think what mRna tech will be 10 years from now.

Pfizer/Moderna put a vaccine candidate together in months to start trials.

This,imo, is simply the catalyst that will really propel mRna tech and R& D
 
efil4stnias said:
I think it's brilliant.

Think what mRna tech will be 10 years from now.

Pfizer/Moderna put a vaccine candidate together in months to start trials.

This,imo, is simply the catalyst that will really propel mRna tech and R& D
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Short term I've noticed that ETF's pop up right about the time a hot sector gets cold similar to crypto ETF, Space ETF and quite a few others. It's almost like the news of a coming ETF drives up individual stocks in the last big run before the fall. I do think that mRNA is the future but it sure is crowded at the moment. There is also an ETF coming out for meme stocks with GME, AMC, BB and some others.
 
Inflation data is going to be huge tomorrow. Both in terms of impact and the actual number. Expectation for November is 6.8% which is massive but I think we'll see over 7% and if that happens the tech sector and possibly all the markets will get thrashed again. I also think this is the peak and we start seeing inflation go down after the November data as the big fall in energy prices and growing labor market will start to impact numbers.
 
So, is APPL a long hold still or have they shot up too fast?

Up 45% since I got in. A lot of action the last week or two.
 
F29EDFBA-7382-47C0-AF47-33E41B98CBB2.jpeg
Greater than a 9:1 buy vs sell ratio among PEOPLE today. Our seabiscuit rounded the final turn nicely today.
 
Saint_Ward said:
So, is APPL a long hold still or have they shot up too fast?

Up 45% since I got in. A lot of action the last week or two.
Click to expand...
I wish I knew as well. Have quite a bit I have been holding for a while. I really can't figure out what is causing this fast spike? Split coming hopefully.
 
mc4saints said:
I wish I knew as well. Have quite a bit I have been holding for a while. I really can't figure out what is causing this fast spike? Split coming hopefully.
Click to expand...

There is no split coming ...they just did one last year iirc.
APPLE has several things happening...it's own chip, it's EV smart car development etc. Solid.

I'm holding this and MSFT til I retire.
 

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