Boiler Room: The Official Stock Market Discussion

[Sugarbush]

fukking Apple

 

[Big Jo]

TVIX back

 

[Perfectson]

I selling put spreads on AAPL , i Have mine at 180/175 for Dec expiration. I would go a bit below that , that premium is so juicy right now and I can't see aapl tanking much further especially with black friday approaching.

 

[hashmander]

so while i missed out on bigger money by not buying some PCG puts with a 42.5 strike last friday, i did buy some puts when the stock settled around 34 on monday with a strike of 27 and that's going pretty damn good right now, will sell soon. then i'll buy some calls expiring in a week.

 

[N.J.stan]

TVIX back

I've been so focused on SHOP, I forgot all about TVIX.

 

[N.J.stan]

Any of yall watching PCG? Down huge on the news they may have caused the California fires and likely won't have the insurance money to cover it

 

[hashmander]

Any of yall watching PCG? Down huge on the news they may have caused the California fires and likely won't have the insurance money to cover it

yeah, i'm watching it gleefully.

 

[N.J.stan]

yeah, i'm watching it gleefully.

I really need to figure out how to short stocks

 

[hashmander]

I really need to figure out how to short stocks

in my case i'm buying options, puts when i feel the stock price is going down and calls when i feel it's going up. the contracts have a strike price, expiration date and limit price. the strike price is what the writer of that contract will pay you per share on that expiration date and you can sell before the expiration date. each strike has a limit price per share. a contract is 100 shares. so 100 multiplied by the limit price is the cost of the contract at that strike. the cost of the contract is your risk. the writer of that put option is obligated to buy at that strike price.

so on monday afternoon PCG was trading at around $34.5. i posted about missing the boat on friday and on monday afternoon when it rose up to ~$34.xx i still felt the same way i did on friday that PCG was probably liable and this shyt would tank. i couldn't come back and post about how i missed the boat again, fukk that. so when it was at $34.xx, a put with a $27 strike had a limit price of $0.23 (so $23 for a contract). i bought 20 contracts (in control of 2k shares), so i risked $460. and right now the limit price on a put with a $27 strike is $7.35. so if i exercised that option right now (say pcg is $20) i would be buying 2k shares at $20 share and then selling 2k shares at $27 a share (the writer of that contract is obligated to buy 2k shares from me at that price). we don't personally do that, but that's basically what happens in the background. so 2k shares at $20 per is is a cost of $40,000. my current exercise price is $27 x 2k = $54,000. 54-40 = $14k gross and then subtract my $460 initial cost (what i actually risked) and my net is $13,540. i regret not risking more, but let's say i was wrong and the stock price went the other way ... i was ok with losing $460, well if i let it expire worthless, but i would have probably sold when it was worth half that.

 

[N.J.stan]

in my case i'm buying options, puts when i feel the stock price is going down and calls when i feel it's going up. the contracts have a strike price, expiration date and limit price. the strike price is what the writer of that contract will pay you per share on that expiration date and you can sell before the expiration date. each strike has a limit price per share. a contract is 100 shares. so 100 multiplied by the limit price is the cost of the contract at that strike. the cost of the contract is your risk. the writer of that put option is obligated to buy at that strike price.

so on monday afternoon PCG was trading at around $34.5. i posted on friday about how i missed the boat and on monday when it rose up to ~$34.xx i still felt the same way i did on friday that PCG was probably liable and this shyt would tank. i couldn't come back and post about how i missed the boat again, fukk that. so when it was at $34.xx, a put with a $27 strike had a limit price of $0.23 (so $23 for a contract). i bought 20 contracts (in control of 2k shares), so i risked $460. and right now the limit price on a put with a $27 strike is $7.35. so if i exercised that option right now (say pcg is $20) i would be buying 2k shares at $20 share and then selling 2k shares at $27 a share (the writer of that contract is obligated to buy 2k shares from me at that price). we don't personally do that, but that's basically what happens in the background. so 2k shares at $20 per is is a cost of $40,000. my current exercise price is $27 x 2k = $54,000. 54-40 = $14k gross and then subtract my $460 initial cost (what i actually risked) and my net is $13,540. i regret not risking more, but let's say i was wrong and the stock price went the other way ... i was ok with losing $460, well if i let it expire worthless, but i would have probably sold when it was worth half that.

you mean to tell me, you made 13.5k on a 460 risk?

 

[hashmander]

you mean to tell me, you made 13.5k on a 460 risk?

if i had sold when it was $20, it would have been that. i didn't, i decided i was going to watch it some more and see where it goes. it's currently at $18.16 and i'm still not out yet, at that price my net is $17,220 and rising as the stock price drops. i don't want to be too greedy but with all these puts expiring tomorrow i could see it taking another beating so that the big money boys make more bank pushing this down. so i'll take a risk on it rising for a bigger pay off.

so much regret on this one. it's not like i didn't know it was coming but there is always some doubt in the back of your mind with options because you're putting your money up front and a lot of people lose. this almost felt like a sure thing. i wish i was in control of more shares, but still happy with my win.

 

[N.J.stan]

if i had sold when it was $20, it would have been that. i didn't, i decided i was going to watch it some more and see where it goes. it's currently at $18.16 and i'm not still not out yet, at that price my net is $17,220 and rising as the stock price drops. i don't want to be too greedy but with all these puts expiring tomorrow i could see it taking another beating so that the big money boys make more bank pushing this down. so i'll take a risk on it rising for a bigger pay off.

so much regret on this one. it's not like i didn't know it was coming but there is always some doubt in the back of your mind with options because you're putting your money up front and a lot of people lose. this almost felt like a sure thing. i wish i was in control of more shares, but still happy with my win.

Here I am proud of a couple hundred bucks on SHOP and brehs making 5 figures on a single trade

 

[hashmander]

got itchy and wanted that money in my account and said fukk it and exercised my options around 3pm when it was just basically not going up or down.

now it's running in after hours. looking like a dead cat bounce to me.

 

[AldavisAlbundyAllah!]

in my case i'm buying options, puts when i feel the stock price is going down and calls when i feel it's going up. the contracts have a strike price, expiration date and limit price. the strike price is what the writer of that contract will pay you per share on that expiration date and you can sell before the expiration date. each strike has a limit price per share. a contract is 100 shares. so 100 multiplied by the limit price is the cost of the contract at that strike. the cost of the contract is your risk. the writer of that put option is obligated to buy at that strike price.

so on monday afternoon PCG was trading at around $34.5. i posted about missing the boat on friday and on monday afternoon when it rose up to ~$34.xx i still felt the same way i did on friday that PCG was probably liable and this shyt would tank. i couldn't come back and post about how i missed the boat again, fukk that. so when it was at $34.xx, a put with a $27 strike had a limit price of $0.23 (so $23 for a contract). i bought 20 contracts (in control of 2k shares), so i risked $460. and right now the limit price on a put with a $27 strike is $7.35. so if i exercised that option right now (say pcg is $20) i would be buying 2k shares at $20 share and then selling 2k shares at $27 a share (the writer of that contract is obligated to buy 2k shares from me at that price). we don't personally do that, but that's basically what happens in the background. so 2k shares at $20 per is is a cost of $40,000. my current exercise price is $27 x 2k = $54,000. 54-40 = $14k gross and then subtract my $460 initial cost (what i actually risked) and my net is $13,540. i regret not risking more, but let's say i was wrong and the stock price went the other way ... i was ok with losing $460, well if i let it expire worthless, but i would have probably sold when it was worth half that.

I didn't even think of doing option put when I read your orginal post a few days ago.

I was fresh off reading the bailout Cali did for them and was under the impression i buy low and wait till it goes back up and sell .

Option put was what I should of been thinking

I know now

Thanks.

 

[AldavisAlbundyAllah!]

I think this thread needs its own telegram channel .

Telegram.org

Being in real time is so beneficial.

What y'all think ?