ALWAYS take profits. Don’t get greedy! You can always buy additional call options using some of your profits!
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
ALWAYS take profits. Don’t get greedy! You can always buy additional call options using some of your profits!
Pfizer's CEO cashed out 60% of his stock on the same day the company unveiled the results of its COVID-19 vaccine trial
^^^Watch this one and have your Puts ready to go!
^^^Watch this one and have your Puts ready to go!
it was planned per this CNBC article.
Pfizer CEO sold $5.6 million of stock as company announced positive vaccine data
https://www.cnbc.com/2020/11/11/cor...are|com.apple.UIKit.activity.CopyToPasteboard
Can someone school me on this options game.
thanks in advance
thanks in advance
Shit sell when you’re up. That’s all I can say. I fucked up my first one this week holding too long.
That maybe all good and all..But CEO selling their shares rarely sits well and then to do it after this kinda news?
What? Told you to close that position and take the profits! Once more greed will destroy you when playing options.
Better a few extra dollars in your pockets than to give away money.
a quick summary of options from what i have learned so far, someone correct me if i putting out misinformed info
you get a contract,
robinhood gives u price of the contract(which will be 100 shares of whatever the contract cost)
you get a breakeven price for the stock
you want to get your stock to go towards the breakeven price, you choose whether the stock go higher or lower to that breakeven price
buy a call(u betting the price of the stock will rise past the breakeven price)
buy a sell(u betting the price of the stock will go lower than the breakeven price)
always sell before the contract expire(possible be on the hook for 100 shares of the stock so i understand)
All facts. Hard head makes a light wallet.
It's hard man! It's really hard and i'm still learning how to take a $150 gain when i really want $200.
One thing i'll add and i didn't realize this at first. All the option contracts(premiums) before and slight after your breakeven price increase in value as your stock price increases. This is assuming you're playing some kind of call option.
You don't have to get to breakeven price to start seeing profits.
This is how some people play a stock like Tesla. The premiums(contract) are insanely expensive at or close to the current stike price. However contract much further out are much cheaper. Here's the catch as the stock prices increases(still playing call options here..works in reverse with put plays) those further out premiums increase too...
All the contracts squentially down the line increase. Obviously not as much or as fast as the contracts nearer the strike price. But increase is increase..gain is gain.
Today was a good day. I officially doubled my account from when I started it in June. I put in an amount and said I’m not going to add any more cash until I can be consistent with what I started with. From June to the end of August I lost a 1/3 of it but from Sept to today I got it back and doubled. I’m still rocking a smallish account but progress feels amazing. My next goal is to increase it by another 50% and then I will spin it off into a new account where I will match it and keep building. Much respect to all of you who helped me get here. Let’s keep eating!
Nio —choo chooooo
Dang it!! I told you to sell and not hold. Lol!!
No worries. Learn from the lesson and move on bro.
You have to remember that options are depreciating assets. Over time, even if the stock price stats the same or goes up slightly, it looses value.
Sell brother, reinvest with just a fraction of the profits. If the price keeps going up, you can make more money buying a cheaper option and continuing to ride the wave.
This makes so much sense now.
Rang register for $212
Live to play another play
Just got 5 Pfizer puts at $36 strike 11/20(cost $85 total), already up $55.... fingers are crossed....
What’s the vibe with Palantir? $PLTR
Earnings scheduled for the 17th + NIO day in Jan to keep an eye on as far as dips/entry points/profit taking and options strategies going forward.
NIO
I know it's been beasting but what's driving this today?
A couple of factors are driving it up. A few days ago JP Morgan upgraded their price target for NIO from $40 to $46. Also, everyone is anticipating their Q3 2020 earnings call on NOV 18th.
I just read an article that said $XPEV's positive earnings report today is also playing a roll. Folks see it as a sign of what to expect from $NIO's earnings next week..
Profit is Profit...better +5K than +1K both are good but 5>1....I.J.S.
Just got 5 Pfizer puts at $36 strike 11/20(cost $85 total), already up $55.... fingers are crossed....
The pattern the last 3 trading periods are that it dips opening bell to about 11am.
It dipped opening bell this morning and i went in on a conservative positon. Got out a few minutes ago with about $150...It's nothing crazy but money is money and i ain't leaving nothing on the table.
You never know holding overnight with these things because anything can happen afterhours and/or premarket. If it's in your favor then great. But if it isn't ain't shit you can do about it until opening bell.
However, My guess is it drops even more tomorrow. I'm not holding to find that out. I'll wait for CONFIRMATION tomorrow and then may take that action or take action on something that's even more assured like $APPL dropping. They're due either Friday or sometime next week.
But, What i'm truley excited about is $NIO. They're supposed to have an earnings report.
UPDATE: Apparently, Trump adminsitration readies crackdown on US investments in Chinese Firms ( When they sleep! We eat...Lol, Get your put plays ready!)
Biden/Harris has been great for clean energy, ev etc type plays...all the ev companies. The distrubution companies $PLUG has been up.
Once Trump stops being an ass(unlikely) i'd go long term on EV, distrubution, wind, solar etc type companies.
What's crazy is a few months ago i was just like the poster. As much as we want to avoid it i personally think losing and fing up is the best teacher imaginable. You'll never forget when you got greedy and loss all your profits play most if not all your investment too. That shit hurts and stays with you. It makes you more appreciative when you're up and take profits and run.
Damn, that's nice. You must of put in a pretty penny!
For the love of all...get out man and take your profits.
Trump is starting to hate on U.S. investment on Chinese companies and the market is responding.
SELL!!!
Wow! $XPEV when from $34 opening bell to as high as $48? Fuccckkkk..
$NIO with good earnings should fly!