Still think TITNC3: Return of the Iceberg was peak

Closed on a trailing stop of $0.25 once they were 2x....Not getting greedy and didn't want to get trapped in an end of day sell off...Made ~$490 in 45min...no complaints

Plus as a $380 call valued at $2.00 that's a share price of $382...So as the day goes on the time value of the calls deteriorates fast to the bell...SO a sell off with decay can kill your profits FAST...

 

Phew...Even if I surivied the $1.99 stop loss I would have sold on THAT trigger at $2.12 so I only missed out on $13x5 or $65

 

I know this is a gnat on a yak's balls compared to some other action people had for today..but oooooof.

 

RKT go boom...

 

Yup this is what I have been using.

but on the desktop software it is called a trailing stop limit

 

I need to know that trade when you go to make it next time lol

 

What calls do you all dare to buy today for a hopeful Monday pop?

was thinking something like SOS or one of the cruise lines, airlines etc

Anyone have a play they think or everyone scareeedddd?

 

I’m in heavy on shares for Carnival and Norwegian. Both are down almost 30% from yesterday. Could be a good play for a call

 

Yes, But at work I can't run the desktop software...SO I was remoting to home on my phone and setting the trailing stops on the desktop TOS..
The App having it is a game changer for me..

 

I bought dips on ZOM and SNDL. Sold a while ago and got in way cheaper today.

 

So the basics of an $SPY daily call...as far as my experience...
Market runs down any day...it will eventually bottom out and POSSIBLY (usually) recover...that's your play...
So it bottomed out today at $372.91 so I call that $373. I like to wait for at least $3 of rebound before I'm sure it's good to buy...but the whales start buying at like $1 of rebound and keep averaging down until they have perhaps HUNDREDS of daily call options...ME? 5...so
It's recovering from $373...What's your price? The high on the day at that point was $379...So I went $1 over the high of the day from the open to $380. Bought 5 of the dailys for $99 each...NOW your white knuckles start...
If you are willing to lose 100% you'll also make the most money...otherwise you have to pick a loss you'll take and get out. This was a 100% lottery ticket risk it all...So I buy and wait for recovery...It starts climbing and you never realized how many small pull backs a stock can do until you're playing dailies....
Once I hit a comfortable profit point...today it was $100 or 2x...I set the trailing stop so when it hit $225 I set a trailing stop of $25 (-0.25) and execute and wait...
Now once you get your trailing stop set you're golden. Profits are guaranteed...The only thing you have to watch out for is the gold mine of it never coming back down and running up to the bell...then you have to sell to close at market at like 3:58...fun position!

One note about daily call options...When you hold the $380 call worth $200 @ 13:30 it's now 2.5hrs until market closes...and at that time $SPY was trading at $381.20...So a $200 $380 call is $120 value and $80 TIME (Share price - strike price is time value) So at that time 40% of the value of that call is TIME....and time decays FAST on a daily option.
If you look now, the share price is $382.40 and it's 14:30 (one hour later) based on the previous values of the Call it would be priced at $120 MORE than the quote @ $381.20 from 13:30...But no...Time has been ticking SO now that the calls are IN THE MONEY (Shares are over $380 by $240) the call is worth $190...Time is eating away...Basically the calls are in the money and will be valued at a cost = to share price movement at this point...So to get $200 out of the $380 the $SPY Must close at or above $382...
I got $200 out of a $381.20 share price...Now a $381.20 share price will get you $120...

Pay attention to time and once it's dipping I get out and call it a day and thank the baby jeebuz for my $$$

 

Well shit...Looks like $SPY will run to the bell...

 

as they say...you'll never go broke by taking profits...

 

@TreeFortRichard missed a huge drop on SANP and decided to just hold it since it went down so much.... today has me inching back to even, haha

 

Not looking for financial advice, but anyone have thoughts on NOG?

 

Definitely a buy last November

 

YEah I was watching it after I got out but there's so many things to buy a penny isn't pulling me in...It was hard enough to ride 15,000 shares of $SFOR @0.04 down to $0.13 after $0.24...It's back up to $0.17...
Oh and the $GTii squeeze is a real thing in my book...Look at $FNGR a year ago..

 

I like my nog in the winter, with some whiskey and cinnamon

 

freshly grated nutmeg >> cinnamon

 

I mean, can’t argue facts.