Sanrith Descartes
Veteran of a thousand threadban wars
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Everything Options
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Fogel
Mr. Poopybutthole
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Sanrith Descartes
Veteran of a thousand threadban wars
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I figured the odds of getting assigned next Friday at $17.5 are about 100%. The odds of it breaking $20 in the next 6 weeks are probably 50%. Maybe it stays down here in the 13's in which case im still getting assigned. Figured I would make use of the 113 IV to make some extra cash if it turn around.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Now that I bagged the 44 cent dividend on KO, I wrote the 52.5 covered calls next month for another 60 cents.
Sanrith Descartes
Veteran of a thousand threadban wars
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I really want to add to my PLTR stake. Thinking about just-out-of-the-money puts expiring tomorrow on the next intra-day dip. The stock is right at the 100 DMA.
Fogel
Mr. Poopybutthole
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Sanrith Descartes
Veteran of a thousand threadban wars
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Was thinking a bit deeper like the 22.5. Not as much premium but I like the support and I am OK adding at that price.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Watching my existing options price movements today and I cant help but wonder what insanity would drive people to trade naked options. I look at my in-the-money expiring puts and can know exactly what my cost basis is going to be when assigned. The idea of having to either buy shares at the market price to exit or buy puts to close at the current price would drive me insane.
Sanrith Descartes
Veteran of a thousand threadban wars
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Fogel
I got two put contracts expiring in BTWN at $12.50 today. 40 cent premium when I wrote them so cost basis is $12.10. Should I buy them out if they break even today or just take the shares? Thoughts? I got two more contracts at $12.50 expiring in April that I got 90 cents premium. Also thinking about if today's hit breakeven rolling them out and adding them to my April contracts. Stock is at $11.92 right now.
Sanrith Descartes
Veteran of a thousand threadban wars
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For those new to options, expiry day is a good day to watch expiring contracts and see the price movements. Since it has almost zero time value left in it, you can watch it track the intrinsic value of the option price vs the share price vs the strike.
Fogel
Mr. Poopybutthole
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I like the stock long, a lot of growth potential in SE asia, so I wouldn't mind being assigned myself
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Sanrith Descartes
Veteran of a thousand threadban wars
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The big question is will we see a dip back under $12 and I can buy it cheaper than being assigned.
Fogel
Mr. Poopybutthole
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It's lowest point was almost 11.50 when the nasdaq was at the bottom of its dip, so I don't see it going much lower unless there's another large pullback on tech/nasdaq
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Sanrith Descartes
Veteran of a thousand threadban wars
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I know. You know how I feel about paying more than $10.25 for a SPAC though
Hello to you BTNB.