I'm in longer term shares. NICE GAP up on earnings.
I figure = use this pop to get SOME PREMIUM at the long term moving averages... This will not get called away - and if it does, I'll be profitable
I have some shares in my son Gabe's long term account. I am NOT scared if we sell them for a gain at $53
Buy low, sell high.
If your kid plays RBLX, get some money back....
I have never traded this ETF before, but I am getting my practice in. I have some shares and now I have sold the $20 covered call for next Friday for $2.00 higher than the stock price is now.
Plus, this is a VERY strong gap on TSLA that will keep surging higher in my opinion.
There is money up there? Wow. $12 higher than the stock price? GEEZE. Now granted it is over earnings, but I believe RBLX is one you could begin to leg into, own some shares of (because your kid is playing RBLX *right now* and eventually sell for higher than it is presently.
Nice gap! Nice candle! I'm in 600 shares and I'm net profitable. :) This is 2% premium for 2 weeks! I think zillow chops around but eventually goes higher!
Rinse and repeat.
10 ema on a monthly should act as some resistance. But this is 20% higher AND its over earnings. We could GET up to this price, but how nice would that be?!??!
A bunch of bull candles in a row. :-) Nice bounce, nice trend. I'm in 2000 shares and I'm net positive on them. Going to sell a covered call into strength over CPI. I like this move because it gives me a WHOLE $1.20 + .15 of room and only 3 weeks with one extra day of theta next monday.
.80 limit. I do not WANT to get called away at $80, so I will protect it. But I'm DEFINITIELY willing to protect it and or / wait until closer to expiration. But this would be a NICE $13 per share increase from here!
BAG HOLDING on this one for sure. But I do believe the bottom is in. IT SHOULD BE. Looking to continually lower my dollar cost average by chipping away. I actually wouldn't mind being called away at $120!
Could be a GREAT trade, even if you are new to getting into this stock. I sold the January expiration and got filled at $1.20
I do not WANT to get called away here. So, I will play defense if I have to.
However, sold $70 call exiring Nov 25 for $1.00 limit.
That's $9 away or about 15%. IF this is a NEW position for you, nice level to play it. 100 sma should act as a small resistance and this is a decent retest gap.
With AMZN pending 20-to-1 stock split this looks like a good bet right now. AMZN just broke through the top resistance of the falling wedge pattern. This is good short term and long term bet. Also if you like selling covered calls after the split AMZN will be a good stock for Covered Calls as it will be more affordable to buy in blocks of 100. If you buy 5...
... for a 45.41 credit.
Comments: A late IRA house keeping post. This is the last of my reopening trades. My cost basis in my shares was 43.05 (See Post Below) with a bunch of scalping around my covered call. A 2.36 ($236) winner that I'm glad to see the back of, since we have earnings in 11 days, and I'd rather not have single name risk in my IRA.
... for a .27 credit.
Comments: Beginning to slightly hate this position, but it isn't exactly taking up a ton of buying power, so rolling out the April 14th 16's at >50% max to July to reduce cost basis further. Cost basis in my shares now 14.09.
... for a 47.62 credit.
Comments: With a cost basis of 45.56 (See Post Below) and only .38 of extrinsic left in the short call, taking profit on this puppy here on this up move. 47.62 - 45.56 = 2.06 ($206) profit. Still have the January 47's on.
... for a .33/contract credit.
Comments: Rolling the short call aspect of my MJ 16 Covered Calls to January here. My cost basis is now 15.05/share minus .33 or 14.72/share, so I can conceivably contemplate rolling the short calls down to the 15 strike, since that would still be above my cost basis.
... for a 16.92/contract debit.
Comments: There's still about .50 of extrinsic in the short calls here, but earnings are in 22 days, and I'm taking the money and running here. My cost basis in the shares covered by the short calls is 14.74 (See Post Below), so closing out here results in a realized gain of 16.92 - 14.76 = 2.16 ($216)/contract. This is about...
... short call for a 1.37 credit.
Comments: Trying to milk a little more out of this covered call by rolling the short call aspect out a month to November while the implied is >50%. My cost basis in my shares was 46.93 (See Post Below); rolling out the short call reduces that to 45.56 with a max profit potential of the short call strike (48.00) minus my cost...
