[aby1818]

Hey, good idea. I like it. Thanks for the suggestion. Alvin

[aby1818]

Teddi, what strike would you recommend? I just sold the 132 strike for next Friday, got .25. Thanks.
Alvin

[aby1818]

Amy, looks like the market like the decision on JNJ. Once I am out of all my puts, I am probably gonna stay more conservative with the strike. They still have all those lawsuits out there. Alvin

[aby1818]

Teddi, thank you. I will keep paper trading until I think I got it. Alvin

[aby1818]

I am still trying to figure out Teddi SPY daytrades. I just can’t get the correct entry. Alvin

[aby1818]

Amy, thanks. Alvin

[aby1818]

Amy,

Thanks for your response. I hold the 133, 131, and 129 strike for exp 8/30. That news was put out by MarketWatch, but it seems like no reaction from the market. I do think the streaming service coming out November should be able to hold DIS at current.

On a different note, if you follow JNJ. Do you have an opinion of the opioid case decision due out Monday. I am heavily into JNJ.

By the way, I am happy to get responses from any and all members.

Alvin

[aby1818]

Yes, I am holding 157.50, 162.50, ,and 165 strike put for this Friday. I also have the 162.50 strike for next Friday too. Thanks. Alvin

[aby1818]

It is expiring today.

[aby1818]

Thanks for your response. Alvin

[aby1818]

Thanks. I thought this was a new challenge.

[aby1818]

Teddi,

Thank You. I like to know what is your initial capital allocated to this challenge.

Alvin

[aby1818]

I have 10c, exp 1/18/19, 170 strike. What is my best course of action? Thanks in advance for your suggestions. Alvin

[aby1818]

I don’t have an account with IB. Can I use them for paper trading? Alvin

[aby1818]

Amy, what is that you are referring to, -1000 to +1000. Where do I see that index? Thanks. Alvin

[aby1818]

I have lost so much also, but not in amzn, luckily I btc and took the loss on amzn, instead of rolling down and out. I wish I took that action and the losses sooner on my other holdings. Now with each assignment, I try to take a little bit off the table. There is nothing like a recovery in the market. I think that is wishful thinking on my part.

I love to see what Teddi would do.

Good Luck.

Alvin

[aby1818]

What a call, are you out yeu? Alvin

[aby1818]

Teddi, it’s getting close, what are you doing with AMZN? Alvin

[aby1818]

Teddi, it’s going to be a close call on AMAN. How do you choose between GOOGL and AMZN? Alvin

[aby1818]

Amy,

Just when I said, why didn’t I get assigned WYNN, I was assigned all of it last night. I did see your response on waiting a day or after assignment to sell and re establish. I couldn’t wait, it was up $6. I sold and re established my put positions. I did take a hit, but I sold the put at a lower strike. I will try to get on other trades.

Alvin

[aby1818]

Amy,

This is a rough market.

I did manage to roll my 182.50 put, exp 11/23 out to 1/18/19, 170 for a credit of .60. I will wait see how that plays out.

I been stuck with lot of overpriced FB and WYNN put contracts. I use Schwab for trading. For some
reason, I been getting assigned on FB, but not WYNN, they both are way out of money. I been selling the stock whenever I get assigned, re establishing the put positions at lower strike when I can afford it. FB assignments is just relentless. I have not experienced that with WYNN.

I was also assigned 100 shares of RTN 195 strike last night. Of course I sold this morning, and sold the 1/18, 175s. I still have 4c at the 195s that exp this Friday. RTN close at 174 today. I wonder if I will get assigned tonight.

I can tell you I had luck with the last 2 GOOGL trade from Teddi.

I had one account where I was wipe out, depressing.

I do feel a bit better now having a chance to let it out.

Thanks for sharing.

Happy Thanksgiving!

Alvin

[aby1818]

Teddi,

Thank You for your comments and suggestions.

Definitely, if I am selling puts, will consider 1 or 2 contracts for now, until the market turns.

I like the idea of selling calls, my concern has always been if the stock reach my call strike price, I would need to buy the stock to make it a cover call or buy to close and take a loss. I find rolling calls up very difficult. Rolling puts down is a lot easier. Even if I have the cash, at what point do I consider buying the stock.

I was just not feeling too good at the time when I posted my comment. You could say I was kind of venting.

Thank you for the replies and suggestions. I appreciate all your trade suggestions.

Have a Happy Thanksgiving!

Alvin

[aby1818]

Would you consider holding the short $110 calls naked and if necessary buy shares to turn it to covered call if PEP reaches $110?

Thanks.

[aby1818]

Is anyone looking at FB today?

[aby1818]

I definitely like to see a bounce to 165 or close to it in a couple of weeks. When I did the roll, it was trading at 163. I always hope for the best, but it don’t always work.

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