[hache02]

That is why I wonder at all the people trading spreads on miniscule accounts. You need capita; to diversify and to recover when you are wrong. All you need is a correction to be wiped out. Not an easy business.

[hache02]

I bought and sold the call side for 1000$ profit and bought, sold and bought again the put side for 900$ profit. I missed reloaded the call side so I had only the put side, luckily.

So a 3510 net cost should pay the full 17500 (I used a 17.50 wide put legs on DOCU) so better lucky than good lol.

thanks for the idea.

[hache02]

Teddi,

Thanks for the writeup on BA. I closed the CC for Dec17 when it went down to 198 and wait to reload. I had sold for 4$ and closed for 1.59.

[hache02]

TXN turned out very well and am out of all TXN. I have used the money to get more BA (maybe a mistake but love oligopolies).

Have you written up BA lately?

[hache02]

Shouldn’t you send to her directly if private, instead of filling the question list with this and a note to check here on another thread,

Otherwise don’t mark as private so we can all learn the answer?

[hache02]

Hi Teddi,

For Canadian financials too? I am tempted by TD.

I did a MS trade this week and closed early. US financials look expensive, hence the short term MS trade on dip.

thanks
Denis

[hache02]

Teddi,

Yes Canadian CC company but you are the only I am doing currently in US$.

Since you are Canadian, I would hope you could allow us to pay in Canadian $$ using the real exchange rate.

thanks
Denis

[hache02]

Hi Teddi, Since you charge in US$, us Canadians get dinged on our CC/Paypal exchnage fees even if you are supposedly in Canada. Am I doing something wrong other than have a US$ denominated Canadian CC?

[hache02]

I see a fine line between adding good money after bad versus recovering by adding more to a losing trade to rescue or dollar cost average down (maybe with CC too).

I have found adding more CAN end up into large losses which I just grin and bear, closing for the loss, CC out of the position for less loss.

If this was easy, everyone would be rich. Right now it is or seems to be too easy. Bad signal and why I tend to do very short term CSP or BPS (weeklies) or CC to cover (weeklies also).

[hache02]

Lower BB and premiums good for 320 this week.
I look forward to what Teddi does if anything.

[hache02]

I’m thinking of whether worth doing something for earnings as I beleive , from observation, that it shoud do well. I assume Teddi will post before Thurs.

Denis

[hache02]

Teddi (and investor237)

I have assigned shares at 192,50 (less premium) and a spread at 180/165 for MAR19) plus others like TAP that are losing. I should have stayed away from Covid stocks like CLX but hey, hindsight.

The problem with your repairs are that it takes a year to basically break even and your money is stuck. If the stock takes off, you have lost the opportunity.

I’m just doing judicious CC weekly to recover and wait for the rebound on these great companies.

IMHO

[hache02]

Great thanks, you too

ps. Not much today other than CC on my KO and PEP shares I did today.

[hache02]

Teddi

Since it takes a while to close a buy write, I have sold the stock first with the goal to close the call so that all premiums (extrinsic) are earned. Lately this backfired and I am stuck holding a rising naked call.

How do you close your buy-writes when most of the extrinsic earned?

If my method is dumb, you can say so lol.

[hache02]

Sorry to offend. I just noticed that you used to do primarily options on big caps and now you broadened your stocks into riskier ones. I guessed for a bigger audience.

Anyways I read some of your trades when I have time and many are not for me as when I get to read, the trade is no ;longer there. Yesterday I didn’t see much that is not overbought but saw QCOM, CLX and MRK.

Sorry my observation touched a nerve. My point is why you did a trade in GME when it is in deep doodoo as a company. I didn’t know you were contacted by non members and you spent all afternoon helping them.

[hache02]

Teddi, Do you think you doing trades in GME gave folks the idea that you recommended the stock? When I joined, you seemed to do a lot less risky trades.

[hache02]

Teddi, Now Australia is getting in the act fwiw.

[hache02]

I find the problem with spreads is that they are difficult for broker algorithms to roll, like rolling buy writes.

Also easy to get in trouble if there are many spreads and all hell breaks loose.

[hache02]

Teddi

I should be assigned 500 shares today but after 3 weeks of put spreads, my net is 270ish. I believe FB being attacked by states for antitrust may have something to do with this volatility.

Have you taken that into consideration?

[hache02]

Me too.

[hache02]

Teddi

So I did not imagine false prices on TD, hard when you want to cover shorts on quick moving stocks like PTON. Almost looks like they post 15 min delay.

[hache02]

Good writeup. IB is great. TD Canada Advanced dashboard, is real amateur hour (in Canada) but research is good.

[hache02]

CashSecuredPuts (so if assigned, it does ruin your margin as it is already accounted for).

[hache02]

Sorry it was 115 as you I believe. I mixed up with CLX.

I ended up closing TGT shares yesterday at 117.72 and closed the call today for 2.42 so I got the dividend, the call premium and an extra .30 capital gains so all turned out well.

[hache02]

I tried one on FB earnings and it was a biatch to manage. I even have migrated away from spreads to make it simple – CSP and buy writes. I did do 2 spreads today on CSCO and MO on their weakness and I did the TGT buy write Teddi wrote about. Got .41 if assigned tonight as it should.

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