trading

[ggr]

Bought a few weekly puts on the Elon tweet vs SEC settlement concern.

Wasted money. The tweet was yesterday and the FUD about SEC concern was out before market open.

 

[Antares Nebula]

Wasted money. The tweet was yesterday and the FUD about SEC concern was out before market open.

Maybe. But with the 500k production tweet, it was only when the SEC brought action a few weeks later that the stock actually dropped.

But I don't know if anything will come of this tweet. Have to see...

 

[bdy0627]

Wasted money. The tweet was yesterday and the FUD about SEC concern was out before market open.

Yeah, could well be. I didn't buy many. I've just been burned enough times now that it seemed wise. I'll be absolutely thrilled if those puts go to $0.

 

[Antares Nebula]

Bought weekly 240 puts for 1.85 against core long position.

 

[defc0n]

Bought LTHM again on yet another dip since it insists on being a roller coaster every day.

 

[defc0n]

... and sold for a quick profit.

 

[anthonyj]

Bought weekly 240 puts for 1.85 against core long position.

Grats

 

[Antares Nebula]

Bought weekly 240 puts for 1.85 against core long position.

Sold at 4.20.

Wow! Was planning to hold through Friday, but with that rapid drop, had to take profits.

 

[Antares Nebula]

Grats

Thanks. You too. You've been doing well with your selling puts strategy.

I'm not comfortable selling puts and calls, except on rare occasions.

 

[anthonyj]

Thanks. You too. You've been doing well with your selling puts strategy.

I'm not comfortable selling puts and calls, except on rare occasions.

Luckily (or unluckily) I was admitted into the hospital with a 104 fever last night so I wasn’t able to sell puts in the morning. Might’ve dodged a bullet haha! And yeah, I’m fine with selling puts because I’m happy to add a couple hundred shares to my account if things go awry

I did sell some $240 puts for next week when we were at $238, buying em back now haha

 

[defc0n]

Bought ALB

 

[defc0n]

Sold ALB for another nice quick snipe

 

[willow_hiller]

Are you a professional day trader, @defc0n ? Going by your posts I don't know if I've seen you hold a position for more than a few hours

 

[Antares Nebula]

Crazy. Did not make any trades today. But almost bought 240/245 puts. Was waiting for 246. I thought it would mostly be flat going into Friday, so didn't want to get aggressive. Days like today are impossible to predict. Even if one had bought the 240 puts today, the question is when do you take profits. I likely would have sold it for $3/4; would not have guessed the shares to fall this much. Trading is very hard. Timing buys and sells very hard. Perhaps prof traders can do better.

Perhaps buying next weeks calls maybe a good trade here. But that is assuming the uptrend is still in tact. Or you looking for a dead cat bounce. Puts also too expensive now. Personally, unless I see a better risk/reward, I'm going to wait. Macros also not good. I made good money the last two weeks and don't want to piss it away trading further. If it falls to 200-180 I will buy shares for my long term position.

 

[EVNow]

I bought next Friday Calls and sold for a small profit just before the crash - more as a stop loss than anything else. Will buy it back on dip tomorrow.

 

[defc0n]

Probably buying ALB again tomorrow after a large drop today. How I made money on it today was pure luck.

 

[anthonyj]

Not selling puts today too scary

 

[Antares Nebula]

Not selling puts today too scary

Agree.

With my winnings from this week, I took a gander on a couple of 230 puts for 76 cents.

 

[Antares Nebula]

Bought some 232.5 calls for $1. Playing both sides today! Though only small positions, with a small portion of my weekly winnings.

 

[defc0n]

Was another TSLA 10:30-11:00 buying opportunity yet again...

I think I’m holding ALB from now to earnings and will debate whether to hold through them still.