Consider swapping the stops for covered calls. I pulled the trigger on MP before it occured to me to just sell calls. You could sell the $30 strike calls for about a buck expiring 12/18. I dont see any way it hits 30, but if it did thats a hella price to sell at (or roll out and up).I just put trailing stops on GMHI and MP and will tighten up the % as time goes on
Also look at VLDR. Its a clone of GMHI that has already completed the merger. its another LIDAR company.I'm pretty much doing the same thing, I've been pretty aggressive with my puts lately and still haven't been assigned, trying to get between .5 to 1% return on a weekly contract. My common plays the last couple weeks have been:
PLTR
AMD
PINS
SNAP
SAVE
LITE
DAL
GMHI
MP
Thanks Sanrith Descartes for the heads up on GMHI and MP, I also bought shares on them and am up 40-50% on both not counting options. I'm also adding SONO to my puts this week, see how it plays out after their big quarter.
I own GMHI because I like it more than VLDR but I will keep selling puts on VLDR because I like the LIDAR space and think its has a solid future.I considered it but GMHI is lacking in call strikes, 12/18 only goes up to 22.5 which is only 50% in two weeks. Considering it's momentum that's certainly not out of reach.
I'm pretty much doing the same thing, I've been pretty aggressive with my puts lately and still haven't been assigned, trying to get between .5 to 1% return on a weekly contract. My common plays the last couple weeks have been:
PLTR
AMD
PINS
SNAP
SAVE
LITE
DAL
GMHI
MP
Thanks Sanrith Descartes for the heads up on GMHI and MP, I also bought shares on them and am up 40-50% on both not counting options. I'm also adding SONO to my puts this week, see how it plays out after their big quarter.
Just remember that the executive cant do anything more than ask about tax changes. Its all about the Legislative and the Dems now have a paper thin majority in the House.Reading about Biden tax changes that are being floated, hopefully it's just clown world celebrations. Doing the math on the 401k credit I've seen proposed, I'd actually owe exactly 0 dollars of taxes without even considering deductions, and it raises the potential of using your 401k as a tax bypass for middle class peeps. In general it feels poorly thought out, but then again I'd use that phrase to describe most democrat proposals.
The real issue with trailing stops. Getting shaken out on a sharp move down before a sharp move back higher. Almost like the algos plan this stuff to take advantage of trailing stops.
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It happens. Hindsight and all.Fuuuuuuck. I’m so kicking myself for only buying $1k of palantir and not $25k I had available. Hindsight is always 20/20 and all that. Man.