Sanrith Descartes
Veteran of a thousand threadban wars
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I dont think they can take another quarter missing estimates and not being profitable. Estimate is 4 cents profit. They better be in the black this quarter.
Everything Options
- Thread starter Blazin
- Start date
Blazin
Creative Title
- 6,390
- 33,523
Blazin
Creative Title
- 6,390
- 33,523
Fell to $21.13 it really needs to hold this level, if not could see a pretty rapid 10% further decline. At this point if that happens is likely entirely dependent on the market pullback stopping right here.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Somebody systematically bought 200 in-the-money calls in 8 individual transactions in a span of 5 minutes. BTWN Dec 2021 $7.5 strike. $58,000 in premium spent. 20,000 shares at $7.5
Sanrith Descartes
Veteran of a thousand threadban wars
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Options on PTON went crazy. I wrote the $65 strike puts expiring in 2 days for 50 cents. That is another 22% on top of the drop today. 2 days baby.
Sanrith Descartes
Veteran of a thousand threadban wars
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- 107,460
Blazin
Creative Title
- 6,390
- 33,523
Have sold the following puts for 5/21 exp
2 Contracts QCOMP210521P135
3 Contracts AAPL210521P128
1 Contract MSFT210521P245
1 Contract CRM210521P220
1 Contract QQQ210521P320
4 Contracts QQQ210521P310
4 Contracts QQQ210521P305
26 Contracts QQQ210521P300
2 Contracts WMT210521P135
Cash used $1,207,400
2 Contracts QCOMP210521P135
3 Contracts AAPL210521P128
1 Contract MSFT210521P245
1 Contract CRM210521P220
1 Contract QQQ210521P320
4 Contracts QQQ210521P310
4 Contracts QQQ210521P305
26 Contracts QQQ210521P300
2 Contracts WMT210521P135
Cash used $1,207,400
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Read this thread a bit and did my first options trade over the last week. Purchased some Vaxart $VXRT puts because they were experiencing a run-up on some hype for their vaccine. I have been following their data for the last year and I've been unimpressed by their results so I was very doubtful their similar would reveal anything surprising.
I bought some May 7 $7.5 and $8 puts a week ago right when the run-up started and they hit $9, but I in retrospect I really should have waited until Friday since their announcement was scheduled for Monday. I understand the impact of time decay on the premium a little better now!
Sure enough, their data was not impressive nor well-received and I sold the puts today for a 100% gain in a week. Had I purchased on Friday, the day before their seminar, I would have gotten about a 4-6X return instead.
I'm also holding on to some $5 puts for Jan 2022 because I don't believe this ship will right itself. So maybe if there's another run-up before then I'll increase that position.
All of this was just a few hundred dollars invested because it is my first options adventure and maybe next time I'll be a bit more bold. If I'm buying puts I'm mentally prepared to lose most or all of the premium if I'm wrong. I can't quite tell how much of this was luck and how much was good strategy. But thanks to all who post here because I've only ever purchased shares for long positions before this.
I bought some May 7 $7.5 and $8 puts a week ago right when the run-up started and they hit $9, but I in retrospect I really should have waited until Friday since their announcement was scheduled for Monday. I understand the impact of time decay on the premium a little better now!
Sure enough, their data was not impressive nor well-received and I sold the puts today for a 100% gain in a week. Had I purchased on Friday, the day before their seminar, I would have gotten about a 4-6X return instead.
I'm also holding on to some $5 puts for Jan 2022 because I don't believe this ship will right itself. So maybe if there's another run-up before then I'll increase that position.
All of this was just a few hundred dollars invested because it is my first options adventure and maybe next time I'll be a bit more bold. If I'm buying puts I'm mentally prepared to lose most or all of the premium if I'm wrong. I can't quite tell how much of this was luck and how much was good strategy. But thanks to all who post here because I've only ever purchased shares for long positions before this.
- 2
Sanrith Descartes
Veteran of a thousand threadban wars
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- 107,460
Good job. While I am not a buyer of puts (I prefer to be a seller), I love seeing people make money. If the bio/pharma sector is your wheel house then maybe make it a focus of your investing.
- 1
Blazin
Creative Title
- 6,390
- 33,523
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Indyocracy
Stock Pals Participant
- 1,054
- 4,981
I've been good for months, but the resurgence of amc got my gambling addiction
Amc $40 call 6/18 @ 2.49
See ya in the loss pron thread boys!
Amc $40 call 6/18 @ 2.49
See ya in the loss pron thread boys!
- 1
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Indyocracy
Stock Pals Participant
- 1,054
- 4,981
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460
Indyocracy
Stock Pals Participant
- 1,054
- 4,981
Sold a contract @ 5.2 and 9.05. I have one left. Up about $700 with a contract left to sell!
- 3
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,435
- 107,460