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I did 20 of the PFE April 29P for .55 yesterday. Not many puts looking good IMO.
Teddi
A DITM leap with CC is called a poor man’s CC or diagonal, right. If the call is assigned, then you can call the leap and not lose that much. Just like a CC, the upside is capped.
Just another strategy and the key is to not be greedy on the call and to do it when the stock is higher than lower if you can.
I am not experienced in diagonal as I like to keep my strategies simple to concentrate on the company themselves and when to enter /exit.
Nice, Tried to get some BBT Mar 32P for .80 but ended up at ask at end of day.
Ok thanks. I will look forward to another FB article from Teddi.
Can you please post questions here instead of saying you sent her an email. I have a hood amt of FB stock and wondering if we drop back under 100 or we attack the 118 high again.
Yes she is great. I look at her trades and ideas and then determine if right for me. I followed her into UPS even if the charts were not that great.
thanks
DenisWhat do you see in YUM that I don’t. I think YUM (similar to MCD) will move up to the lofty levels of MCD. If it based on BB/Stochastic, then it is approaching over bought (just like AAPL).
Amy
I looked just now to do the same trade but the BB and Stochastic look over bought or am I reading this wrong. I do see that 92 does look like a low (short term as that may be). Good luck.
yes thanks for the heads up on csco. Had some cash and BTO 500 for 23.05 Feb 5th.
IMO this is an example to avoid one trick ponies like BBRY and GPRO in which the market gets saturated and/or a bigger company takes a run at its market like AAPL did to BBRY.
I would take the loss, use tax loss in future and put it away as a learning experience. Do you really think it will get bought out? OR use Teddi’s strategy for BBRY (which worked for similar stock).
Then use her picks after doing your own DD. Teddi’s are FYI and not recommendation, She has lots of capital so does not work for all. I find BMY too rich at this point but did PFE. Also the good oils like XOM are good at this point for lows and good support and esp for puts. Also ADM drop today may be good entry point.
Good luck with that. I have TCK in same boat and see a trading range and playing it back and forth to recover instead of doing CC since the premiums are not that good.
Teddi , from what I have seen with TD, they will adjust overnight not immediately after doing the long leg and as I have said before, it bugs me that I cannot do combo’s on their active trader platform. Hope their new platform will have it shortly. Then I will move over ti it.
Amy
I assumed these were puts but you BTC a call?
I have been assigned BBT so I will hold for dividend, maybe do a CC on it.
Great trade at these levels.
Amy,
I have been looking at PFE as per Teddi, WFM, SKX, CHTR but are moving away from me. Oh well.
I just BTC CAT puts last week. I guess I timed that well.
Amy
I didn’t know about the SPXU and saw the opposite of the SPXL so went with it.
thanks for an alternative, maybe the options spreads are better with the SPXU as I found the spreads with the SPXS not very good.
What do you think? Who has the better volume? SPXU would need less contract therefore less fees so THAT could be better.
Yes I hope to keep rolling to assignment of course as the original stock I sold for taxes, was assigned from puts.
thanks
I had sold CAT Dec 22 for tax loss and STO today Jan 22 66P for 2.20 (been chasing since Monday) – to replace.
Sold @ 16.75 to add to great profits on SPXS thru most of this year.
Bought 1000 SPXS at 16.05 for protection.
I sold my assigned puts for tax loss but got out on this rise.
I like both trade.