Posted by moshark99 on 2nd of Dec 2021 at 04:08 pm
Saw the options comment earlier. Im just a dummy but what I do
when the market is flaky is roll/stop loss. I bought the 446
call(10 @$20) the other day and it was up about $1500 so I put a
stop loss at 19. It reversed and I was stopped out -$1000.
Yesterday got the new trigger so bought the same contract @ 18
($18K). When the market moved up showing about 1500 gain SPY @458 I
rolled up to the 460 Call, got $9 ( and lowered my risk to $9) I
set a stop $1 below=8. So I now have 8k risk in the trade,
and it closed at $11.60 so Im up 2600 and will move my stop up to
$9 so any loss (absent a crazy gap down) would be minimal. If it
continues to run I will roll up at resistance areas, with a tight
stop along the way.
Posted by moshark99 on 14th of May 2021 at 12:21 pm
Hey Matt, Im just a dummy but what has worked for me is rolling
the SPY trades which have been spot on. Using the current trade I
bought the SPY 393 after hours on the 12th when the note came out
10 contracts=$22600ish iI mental stop of $2 for about a 10 % loss
it later traded up the next day and when I had over a
$1500 gain I rolled to the just in the money 405 Calls and by the
time I did the trade had a 2K gain so keeping my stop margin I was
at break even if it failed. Today SPY is over 415 so I rolled up
again, took risk off the table and lowered my cost
basis.............The numbers work as follows
BUY SPY 393C...22600 (APPRX)
...........................................................................................................................................................BUY
SPY 415C....10300...........now with the extra credit my cost basis
is about 6900 for a Call selling for
10300, I have a 1500 stop loss locking in a 1500
profit at the moment
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Saw the options comment earlier.
Posted by moshark99 on 2nd of Dec 2021 at 04:08 pm
Saw the options comment earlier. Im just a dummy but what I do when the market is flaky is roll/stop loss. I bought the 446 call(10 @$20) the other day and it was up about $1500 so I put a stop loss at 19. It reversed and I was stopped out -$1000. Yesterday got the new trigger so bought the same contract @ 18 ($18K). When the market moved up showing about 1500 gain SPY @458 I rolled up to the 460 Call, got $9 ( and lowered my risk to $9) I set a stop $1 below=8. So I now have 8k risk in the trade, and it closed at $11.60 so Im up 2600 and will move my stop up to $9 so any loss (absent a crazy gap down) would be minimal. If it continues to run I will roll up at resistance areas, with a tight stop along the way.
What does tracking purposes mean
Matt/Steve, any further entries on the Spy system today? I'm ...
Posted by moshark99 on 30th of Nov 2021 at 03:52 pm
What does tracking purposes mean exactly, on the trade ideas? Missed SPY option trade due to Turkey Travel, hope you guys had a good one!
Bought 20 contracts on DRNA
Posted by moshark99 on 18th of Nov 2021 at 09:40 am
Bought 20 contracts on DRNA @ 1.80 on 11/9. Just sold for $13, well done gents!
Wow! Great one it was
DRNA up 78%, being acquired. Great breakout play!!! m T ...
Posted by moshark99 on 18th of Nov 2021 at 09:26 am
Wow! Great one it was doing nothing so I almost sold it yesterday.
LOOKS LIKE THE BULLS FOUND
Posted by moshark99 on 14th of Oct 2021 at 01:11 pm
LOOKS LIKE THE BULLS FOUND THEIR ONUS!
Think now that we bounced
Market comments
Posted by moshark99 on 15th of Sep 2021 at 03:11 pm
Think now that we bounced off support the SPY Option is still worth doing? Its about the same price.
Got it!
SPY Reversion to mean systems potential trade
Posted by moshark99 on 18th of Jun 2021 at 06:15 pm
Got it!
How long should we watch
SPY Reversion to mean systems potential trade
Posted by moshark99 on 18th of Jun 2021 at 04:04 pm
How long should we watch for the trade today before we wait for Monday?
Happy Birthday Matt , hope
Posted by moshark99 on 25th of May 2021 at 09:26 am
Happy Birthday Matt , hope the pup is recovering quickly!
Hey Matt, Im just a
Just an observation …. The SPY option only a point ...
Posted by moshark99 on 14th of May 2021 at 12:21 pm
Hey Matt, Im just a dummy but what has worked for me is rolling the SPY trades which have been spot on. Using the current trade I bought the SPY 393 after hours on the 12th when the note came out 10 contracts=$22600ish iI mental stop of $2 for about a 10 % loss it later traded up the next day and when I had over a $1500 gain I rolled to the just in the money 405 Calls and by the time I did the trade had a 2K gain so keeping my stop margin I was at break even if it failed. Today SPY is over 415 so I rolled up again, took risk off the table and lowered my cost basis.............The numbers work as follows BUY SPY 393C...22600 (APPRX)
.........................................................................................................................................................SELL SPY 393C ...24600 +2k
..........................................................................................................................................................BUY SPY 405C...15700 (using 2k stop now break even)
..........................................................................................................................................................SELL SPY 405C...17100
...........................................................................................................................................................BUY SPY 415C....10300...........now with the extra credit my cost basis is about 6900 for a Call selling for
10300, I have a 1500 stop loss locking in a 1500 profit at the moment
Thanks for all your help....John
So are you recommending to
Must See TV - NIA Tweet
Posted by moshark99 on 20th of Apr 2021 at 03:39 pm
So are you recommending to sell bitcoin related stocks and buy Gold stocks ?
Thanks Matt
Hey Guys missed the SPY call on last week think ...
Posted by moshark99 on 29th of Mar 2021 at 10:08 am
Thanks Matt
Hey Guys missed the SPY
Posted by moshark99 on 29th of Mar 2021 at 09:24 am
Hey Guys missed the SPY call on last week think an entry today on a lower open would make any sense?