Still think TITNC3: Return of the Iceberg was peak

Just got a call back from my etrade rep, they won't be charging me the $500 fee, they are in touch with the transfer agent to arrange bulk re-registration of the warrants and they have added me into that group of holders that are awaiting the re-registration.

 

They’ve been making money this entire time. They are begging retail to just hold and let them continue to bag the cash

 

I am contemplating cutting all my shenanigans positions (AESE, PLTR, etc) but, GTII is the only one over 200 bucks, everything else is in the 100 range or even less, so as much as it's shenanigans, the say 35% losses on some of those equate to like...20 bucks. Might as well hold 'em and see what happens!

Watch for $F on May 27th. No reason - but if I get one of these random wild ass guesses right one of these times, I'll be able to quote this post and say "TOLD YOU SO!"

 

It's like selling covered calls. But a lot riskier. If things stay stable, you can sell covered calls and make money all day long. Until the day something happens and XOM peaks above 60.

 

I will oblige because: fuck them, eventually.

 

It's wild that they can do this with synthetic shorts, AND the borrow rates aren't going up either. the buy to sell ratio on pretty much any brokerage that I've seen is heavy on the buy side.

The worst part is, it just keeps reloading:

I guess this means my next entry point will be $140

 

For $GME if I had 100 shares I would sell the 2 week $145 for $1000 and buy the $155 for $800. Or some derivation

 

My fear is that the moment I sell some deep OTM call, it spiked and I miss out on 100 shares worth of gains.

Also, I promise I won't spend it all in one place

 

Well that's the point of the collared strategy. Let's say GME hits 150$ - Brian here gets the premium of the $145 and the gains up to $145, misses out on the 500 between 145 and 150. He got 1k for the premium though, so he bought the 800 dollar 155 call. If you're at 150, that call is worthless, so he made net 200$ on the premium, plus the gains (but missed out on the 500 in between 145 and 150)

Now, let's say the shares are at 130. That's easy, the 1k is pocketed, the 800 is lost, so 200$ gains and still has the shares, didn't miss out on anything.

If the stock goes to 500. He loses 100 shares at 145 but has another 100 coming in at 155, so he's out the 800.

https://www.investopedia.com/terms/c/collar.asp

It protects you from some craziness happening, I don't have the attention span to play those games, especially on GME.

 

No because you have the one that’s $10 more. If it spikes the most you lose is $1000. Bank and buy back towards expiration or buy back and resell. It’s pretty much what I’ve been doing with $AMC

 

I’ve been actively doing this with my AMC. I’ve averaged the shares I bought over seven dollars down to under five and almost 4 dollars

 

I think I might look at doing that with MESO to learn it come July once my call expires. Pharma volatility. Great in theory, in practice....might not be my thing. Might do some more paper before I run with that one again - and especially maybe work with shorter timeframes, I think I'm working on like a 6 month timeframe on that MESO play.

 

tough day

 

You just need to pick a profit return you are happy with, then don’t worry about it if it goes 100% over your strike on a crazy pop on drug trial or something

 

Wooo boys look at that Fee



https://iborrowdesk.com/report/amc

 

*looks at GME.... "oh hey! its 1.1% now, so glad its higher than .9%"

 

That's why I like the contingent stop loss idea. I set it to say "once the price gets above X$, set a stop loss of .x$"

Like right now - I have one set on XOM.



Not sure how I ended up with 101 shares, BUT once it reaches 70.5, there's a trailing 0.25$ stop loss. So minimum I'm getting 70.25$, if it triggers at 70.50 and then goes straight back down (or there abouts plus or minus a few cents).

So, to expand that to $MESO, I could buy it at 8.50, set a trailing stop of 1$ for 18$, meaning when it reaches 18, I am in for 17/share - or if it spikes up to 25, I get that benefit of the trailing stop.

Unfortunately I cannot do this for GTII at the moment. It's OTC so TD doesn't let me do a trailing stop, only a limit, so when my contingency is for 100$, sell at a trailing stop, it can only do a limit and rejects it because the limit is outside of the range it allows. but anything traded on the markets instead of OTC, or if your broker lets you do trailing OTC.

So my profit number is great, but instead of a limit sale I set a contingent trailing stop so I sell for at least that, and get the upside if it is on a tear for some drug trial.

 

You have to be 100% willing to let the shares go...
Like my $AMC if I lose it at $10 I make $500 per 100 and the premium...

 

Yarp! I'm willing to let it go, this isn't like my XOM. That's a climber and I did a stupid, that's a commodity going up and up right now. That was a dumb dumb. MESO and other stuff I buy to sell, I come in with an exit strategy. I had one for XOM, and then changed it, and when that came to fruition I decided to be dumb and NOT actually exit early.

MESO if it goes at 20$ I am happy, 16 Jul 2020 20$ call is what I sold, so if it's above that, I am in at 8.67, that's over 100% gains + the premium, I'd be happy with that. That was my exit strategy and I'm still on board for that, if it were to happen.

XOM I bought way back when, like this time last year, in order to buy and hold to $70/share. That was just me being dumb and selling some covered calls in the meantime.

 

ASO and RBLX making some comebacks in after hours. Hoping RBLX has some good gains tomorrow after earnings call.