All things STOCKS

#19,305
#19,305
Solid pre-market session. Just hang on through November, Baby. Then a Fed / Santa Claus / economics indicator rally in December would be a nice way to close out the year.
 
#19,308
#19,308
I’m thinking about selling into HOOD’s rally today. When to sell is the most difficult decision to make with trades IMO. But taking a profit is never a horrible idea.

Maybe sell a couple of covered calls. Been long the shares 4 years now.

15-20% drop in the last month. It rode down with the Bitcoin mini-crash.
 
#19,309
#19,309
SOFI and RUN have been my wheel exposures this week.

Started with $26 cash secured puts on SOFI, and eventually rolled up to 26.50 yesterday. Those will expire worthless.

Then I did 18.50 covered calls on RUN along with 18.00 cash secured puts. RUN calls will almost certainly be assigned but that's fine considering my cost basis was 17.75 last Friday.

They've both been very reliable weekly options plays due to a consistent pattern. RUN has chopped between 17 and 21 every two weeks for months, and SOFI notoriously passes 30 a share before a profit taking dip to the upper 20's. They're juicy with premiums. Though, I wonder about RUN's long term success due to solar energy being a market highly susceptible to political pressure. SOFI, on the other hand, is a great fintech play that I believe could be worth 100+ in a few years.
 
#19,310
#19,310
Thunder Good-Oil said:
I’m thinking about selling into HOOD’s rally today. When to sell is the most difficult decision to make with trades IMO. But taking a profit is never a horrible idea.

Maybe sell a couple of covered calls. Been long the shares 4 years now.

15-20% drop in the last month. It rode down with the Bitcoin mini-crash.
Click to expand...

You won't believe this, but my dad and were discussing this earlier today. He holds a lot of HOOD, and he's the type who always preaches "bird in hand/two in the bush" so he set a hard stop loss at a profitable threshold and will keep upping it until the rally ends.
 
#19,311
#19,311
DinkinFlicka said:
You won't believe this, but my dad and were discussing this earlier today. He holds a lot of HOOD, and he's the type who always preaches "bird in hand/two in the bush" so he set a hard stop loss at a profitable threshold and will keep upping it until the rally ends.
Click to expand...

Watching it go from $150+ to $125 in a flash sucks. Elevator goes down a whole lot faster than it goes up.
 
#19,312
#19,312
Thunder Good-Oil said:
I’m thinking about selling into HOOD’s rally today. When to sell is the most difficult decision to make with trades IMO. But taking a profit is never a horrible idea.

Maybe sell a couple of covered calls. Been long the shares 4 years now.

15-20% drop in the last month. It rode down with the Bitcoin mini-crash.
Click to expand...
some famous dude explained his wealth with a quote of "I always sell too early.."
 
#19,314
#19,314
Jax_Vol said:
some famous dude explained his wealth with a quote of "I always sell too early.."
Click to expand...

Lately almost every time I’ve sold I’ve almost immediately regretted it. Especially AVAV. But with patience they almost always revisit the selling prices.

Even selling puts stopped working after a couple of years. Coupled with the pullbacks being so violent that selling covered calls doesn’t work either. The last week though has been candy and nuts once again.
 
#19,315
#19,315
DinkinFlicka said:
Zooming different chart levels, I'm the whippersnapper who would hold out for a higher price. That thing looks primed to run for the next month.
Click to expand...

Crypto has me concerned in the near term. But even so I’m looking at taking small bites of BLSH. Those contracts are kind of thinly traded however.
 
#19,316
#19,316
GOOGL giving back today while ORCL makes a solid move up. A Random Walk Down Wall Street is still printing new editions 50 years after the first edition - it kind of makes sense.
 
#19,317
#19,317
Good end to the week for me. Ended up rolling my RUN/SOFI puts to higher strikes on Wednesday and it paid off. My RUN covered calls will definitely be assigned but the premium from its puts will nearly make up for the missed upside.
 
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#19,318
#19,318
DinkinFlicka said:
Good end to the week for me. Ended up rolling my RUN/SOFI puts to higher strikes on Wednesday and it paid off. My RUN covered calls will definitely be assigned but the premium from its puts will nearly make up for the missed upside.
Click to expand...
It has been a good week.

As mentioned before, I oddly don't watch much news. But, per my brief sample of input, sounds like we have another rate cut coming. And Wall Street likes that idea.
 
#19,321
#19,321
About an hour ago on CNBC they were discussing the attractiveness of equal weighting the S&P500. Makes sense. Too many really good companies with great track records haven’t been close to keeping up with the in favor names.
 
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#19,323
#19,323
Gonna lighten the load on SOFI next week as it tends to do a shake off when it passes $30. RUN tends to behave similarly when above 20.

Going with SEDG and ONDS for the week's options play.
 
#19,325
#19,325
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