[XKxRome0ox]

yesterday, scalped 5 SPY calls and made $90
feels like a win even though everything else lost money

[antzcrashing]

Originally Posted by XKxRome0ox

yesterday, scalped 5 SPY calls and made $90
feels like a win even though everything else lost money

Gotta celebrate the small wins in the mist of losses, not everyone is getting them.

I made some good gains on VIX calls

[Humdizzle]

portfolio bleeding again today. hopefully that guy who bought 50k of amc at 55/share is doing ok.

got some spare change to invest after the last paycheck. i'll probably just be sensible and put more into vt,vti,voo,qqq this month. still holding on to my clne, clov, amc, gme, clf, wish, pltr, ark

[chassis]

Growth stocks are chugging higher. Financials are announcing strong earnings including rising consumer borrowing which is a good sign for growth. Powell’s prepared remarks were benign and after he testifies tomorrow the market could zoom. Or not.

[XKxRome0ox]

Originally Posted by Humdizzle

portfolio bleeding again today. hopefully that guy who bought 50k of amc at 55/share is doing ok.

oof
that's gotta hurt

[M FUELED]

I believe you might be talking about me lol, I bought $65k, 1200 shares at $53.89, so currently at a loss of $25,980

Still holding, no other choice lol. I really hope everyone is right about the whole hedge fund thing eventually blowing up and it’ll all be worth it in the end.

Originally Posted by Humdizzle

portfolio bleeding again today. hopefully that guy who bought 50k of amc at 55/share is doing ok.

got some spare change to invest after the last paycheck. i'll probably just be sensible and put more into vt,vti,voo,qqq this month. still holding on to my clne, clov, amc, gme, clf, wish, pltr, ark

[medphysdave]

Originally Posted by M FUELED

I believe you might be talking about me lol, I bought $65k, 1200 shares at $53.89, so currently at a loss of $25,980

Still holding, no other choice lol. I really hope everyone is right about the whole hedge fund thing eventually blowing up and it’ll all be worth it in the end.

If playing AMC. I'd be looking at options for September expiration on the dips down to 32ish. Some are projecting August will be fruitful. I believe the 40 strike was hovering around $800

I got my rear handed to me this month with CZR. New players don't seem to be playing the same game. Ouch.

[NeverL8]

Originally Posted by M FUELED

I believe you might be talking about me lol, I bought $65k, 1200 shares at $53.89, so currently at a loss of $25,980

Still holding, no other choice lol. I really hope everyone is right about the whole hedge fund thing eventually blowing up and it’ll all be worth it in the end.

We the apes hold strong!

They HAVE to cover, no other way around. Just matter of time.

[premier3is]

Originally Posted by M FUELED

I believe you might be talking about me lol, I bought $65k, 1200 shares at $53.89, so currently at a loss of $25,980

Still holding, no other choice lol. I really hope everyone is right about the whole hedge fund thing eventually blowing up and it’ll all be worth it in the end.

If you have that many shares you should be writing some covered calls to lower your cost and make some income while you wait

[overcoil]

I enjoyed this video

[M FUELED]

To be completely honest, I don’t have a clue what calls and puts is all about, I’ve tried looking into it but just haven’t gotten to comprehend the whole concept of it. Not sure if stupid or just haven’t really applied myself to actually learning about it

[antzcrashing]

Originally Posted by M FUELED

To be completely honest, I don’t have a clue what calls and puts is all about, I’ve tried looking into it but just haven’t gotten to comprehend the whole concept of it. Not sure if stupid or just haven’t really applied myself to actually learning about it

They are non-trivial. But then I got them on RH app, and their interface and guides make them sensible. That's the genius of RH. The more challenging part is when to buy and sell, takes practice, tread lightly

[tom2021]

Today, just get into NLY, Annaly Capital Management Inc. With 10% dividend, and as long as the Fed keep subsidizing the market, it will be good.

[Localmotion]

Originally Posted by M FUELED

I believe you might be talking about me lol, I bought $65k, 1200 shares at $53.89, so currently at a loss of $25,980

Still holding, no other choice lol. I really hope everyone is right about the whole hedge fund thing eventually blowing up and it’ll all be worth it in the end.

at least the technicals show AMC to be oversold.... so could be a pop coming.

https://stockcharts.com/h-sc/ui?s=AM...72&listNum=23#


I think CLF will come back too, it seems to like to bounce a lot off the 50

https://stockcharts.com/h-sc/ui?s=CL...13&a=945615433

[overcoil]

Originally Posted by M FUELED

To be completely honest, I don’t have a clue what calls and puts is all about, I’ve tried looking into it but just haven’t gotten to comprehend the whole concept of it. Not sure if stupid or just haven’t really applied myself to actually learning about it

Tony Zhang and these videos are excellent. Usually helpful to view the same video a few times concentrating and then listen a few times to the same video while your out walking or putzing around and the whole options game starts to become clear.

(options are too intense for me)

[XKxRome0ox]

what a rollercoaster
this market feels so unstable
how much longer can we keep this going?

GME on a tear today
let's gooooooo

[Humdizzle]

Originally Posted by XKxRome0ox

what a rollercoaster
this market feels so unstable
how much longer can we keep this going?

GME on a tear today
let's gooooooo

i should have added to my positions yesterday when i saw the hard dip. oh well. glad to see the strong bounce back today. hope it continues.

[XKxRome0ox]

i'm glad to see SOFI bouncing back a bit
have too many shares and options riding on that one
need it to get back over $20

some of my other plays
HA - sold 3 cash secured puts before the most recent wave of COVID worries ... the puts are deep ITM now. hopefully i can roll it and not be too deep in the hole
SPRT - 300+ shares, 1 call option that i should have doubled down on when share price dipped below $4
TLIS - FOMOed into this one today for 100 shares

MU - followed someone's trade, bought a June 2022 LEAP and sold a PMCC and then rolled it as share price dropped

PTON - a few shares, couple of call spreads and CSP, let's go!

still bagholding BB and PLTR and selling CC's

[XKxRome0ox]

Originally Posted by XKxRome0ox

SPRT - 300+ shares, 1 call option that i should have doubled down on when share price dipped below $4

should have, could have, would have
SPRT hit over $6 for a minute this morning

[Littlebear]

Originally Posted by XKxRome0ox

....

MU - followed someone's trade, bought a June 2022 LEAP and sold a PMCC and then rolled it as share price dropped

....

Does anyone have the skinny on the chip stocks? Someone has to go up in the next month or few.
MU is getting no market respect lately....

[Finn Germai-Yaz]

I started with Calls and Spreads which is basically gambling. Picking shit companies and being stuck with them. Now I'm just solely buying above average companies that pay decent quarterly dividends. I'm also going to build up a portfolio in monthly dividend etfs.

[XutvJet]

Originally Posted by nawfoo

I started with Calls and Spreads which is basically gambling. Picking shit companies and being stuck with them. Now I'm just solely buying above average companies that pay decent quarterly dividends. I'm also going to build up a portfolio in monthly dividend etfs.

^This. I suppose if you have play money, doing Calls/Puts/Spreads/Day Trading/Penny stocks/etc could be fun. For the average investor though? Hell no. You would be just as lucky with your money going to the casino.

I've generally stuck to the Warren Buffet 2 minute retirement plan plus a few of my own stock choices (Activision/Blizzard, Berkshire Class B, Tesla, a few bond funds) and it's been EXTREMELY lucrative over the past 10 years or so. Starting next month, my investment dividends will be used to offset a voluntary 20% reduction in salary so that I can go to a 32 hour work week vs fulltime (45-60 hours).