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Sanrith Descartes

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A week or two ago I had bought an AAPL dec 17 160 call @ $1.60 and HD dec 17 410 call @ $3.15. These are up nicely.

I want to let these run as long as possible. From my limited TA abilities, it looks like AAPL has now broken out of an upward channel, reached all-time highs. So, I'm not sure how to project where my exit point might be.

For HD I'm projecting around $430-440 for early December. Looking at analyst predictions this doesn't seem too far fetched?
In my amateur opinion, once a company breaks into an all-time high it is really difficult to predict what it will do with any real certainty. The only advice I will give is be greedy, just dont be too greedy.
 
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Fogel

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Rebought IWM calls Dec 20 237 strike. Lets see if we can get the repeat
 
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Fogel

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1637691821639.png


Sold for 4.30
 

ShakyJake

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I'm having a difficult time formulating a consistent strategy for when to cash out on a position. As I mentioned in a previous post, I'm trying to gauge when to exit a position based off of technical analysis -- where I think the stock price might move to. But as I discovered over the past couple of days, you can get hammered by the market in general rather than anything specific related to the stock itself.

Currently I have a call option for APPL and HD. The AAPL play is up 225% and the HD is 134%. I'm wondering if I'm being way too greedy holding onto these. These are both Dec 17 calls and I feel they'll go even higher if the market itself enters in the expected Santa Claus run for Dec.

Am I being stupid? What would the experienced traders here do?
 

Sanrith Descartes

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I'm having a difficult time formulating a consistent strategy for when to cash out on a position. As I mentioned in a previous post, I'm trying to gauge when to exit a position based off of technical analysis -- where I think the stock price might move to. But as I discovered over the past couple of days, you can get hammered by the market in general rather than anything specific related to the stock itself.

Currently I have a call option for APPL and HD. The AAPL play is up 225% and the HD is 134%. I'm wondering if I'm being way too greedy holding onto these. These are both Dec 17 calls and I feel they'll go even higher if the market itself enters in the expected Santa Claus run for Dec.

Am I being stupid? What would the experienced traders here do?
I am somewhat risk averse. I would cash out, especially on the AAPL. These aren't tiny meme stocks that are highly volatile. HD has been on a tear for over a month. If you have multiple contracts maybe sell partials of each to cover your initial investment? If one contract each I would put that shit in the bank.
 
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Fogel

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I'm having a difficult time formulating a consistent strategy for when to cash out on a position. As I mentioned in a previous post, I'm trying to gauge when to exit a position based off of technical analysis -- where I think the stock price might move to. But as I discovered over the past couple of days, you can get hammered by the market in general rather than anything specific related to the stock itself.

Currently I have a call option for APPL and HD. The AAPL play is up 225% and the HD is 134%. I'm wondering if I'm being way too greedy holding onto these. These are both Dec 17 calls and I feel they'll go even higher if the market itself enters in the expected Santa Claus run for Dec.

Am I being stupid? What would the experienced traders here do?

Just put a stop loss on them slightly below where they're at. If they drop a little you still get your 100-200%, otherwise if they continue to run you're golden. Short term calls take your quick 10-30%, longer term calls just keep raising your stop loss as they run.

Edit: You can also roll them up to a higher strike and/or later expiration, you get a net credit and they can continue to attempt to run on essentially house money.
 
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Fogel

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Good thing I sold those DWAC puts, its back up to 43, but I'll be buying some more if it gets near 45ish
 

Jysin

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Scaling profit
Good thing I sold those DWAC puts, its back up to 43, but I'll be buying some more if it gets near 45ish
It is moving in sympathy to BENE spac finding a target.
 
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Fogel

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Sold my DKNG calls for 1.89, bought for 1.61. Lost it on some CHPT calls, still red on my IWM calls.
 

Wingz

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Bought some Dec 31 calls for Walgreens
WBA for 15 at 51 strike during the low today. Figure it'll go back up a bit by mid Dec and sell out.
 

Sanrith Descartes

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Bought some Dec 31 calls for Walgreens
WBA for 15 at 51 strike during the low today. Figure it'll go back up a bit by mid Dec and sell out.
I did a deep dive into WBA and CVS a while back and went CVS. I found it to be a stronger company. I'm not saying WBA is bad, I just preferred CVS. Might be worth looking at.
 
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Fogel

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Up 10% already, still holding. This thing doesn't have much support, especially if it gets to under 46
 
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Fogel

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Sold MTTR put 25$ 12/17 1.50 premium
 
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Fogel

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Buying puts has been so much better than buying calls lately

1638469371120.png
 
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