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Hi;
Just an update. I sent a reply but have not heard back yet.
Hi Alvin;
Tech support received your email and sent it to me. I have replied via email to you.
Teddi
Tech support couldn’t find your email but here are some further questions:
1) Are you using a VPN? That often can cause a 503 error. If you are, try logging in through your non=VPN location.
2) Another thing that would help is knowing if you click on a link, get to the site and then login and that’s when you get the message
OR
are you already logged in to the site and then select the link in the email and get the error when you arrive from the link even though you are already logged in.3) Last question would be, when you select the link do you just do it once, or do you try to login more than one time?
All of this will help us.
Hello;
No this should not be happening. I know the company we use to send out emails has been having a few problems. I think this has been fixed. Please send an email to techsupport@fullyinformed.com or post here if everything is back to normal or there are still some issues. Thanks.
Any updates on this question?
How many shares might get assigned and how much did you make on the trades so far. Thanks.
Thanks for your question. This is a major reason not to setup credit put spreads that expire after earnings unless you would own shares. You are not in too bad a shape at the $129 put strike however and I would expect the stock to rebound in any rally. If that happens you can close your trade.
Otherwise I would roll-down to $125 or lower depending on how you feel about the stock and go out 3 weeks.
Sorry I missed your post. I didn’t take profits on the 18th but I did on Friday the 20th. I sell out in small groups and wait to see if there are better opportunities ahead as the trade goes out to Nov 17.
Hi Mark
Yes it is on the agenda after the covered call tools are released. Thanks for the heads up!Will take a look. Thanks for the tip.
I would watch on Thursday to see how much of a bounce we get.
Okay thanks. I am working on some examples for you.
Thanks for your reply.
You have some interesting questions which I would prefer to think about while I finish up the initial article.
As to a zoom call, unfortunately I get asked every day from investors for 30 or 40 minute meetings and unlike Jim Cramer I can’t give quick answers as I don’t think they actually help much unless an investor just wants a quick “buy” or “sell” answer. In his show that often does seem to be the case.
I trade for my income and if I had zoom calls even for half the investors who request it, I would be tied up for days. So I hope you understand when I decline. Instead let me contemplate your questions and I can reply to those. If you have further questions, go ahead and post them.
Hi again. Note that on Mon Sep 25 2023 I also setup credit call spreads to bring in some additional profit and in case the stock slips a bit lower before trying for a bounce. With Credit Call Spreads I usually buy shares if the stock moves above my short call strike but not until then. I have found that most of the time I can close my calls before the stock gets back above my short calls.
I think you will find it does move back once we finish with this September correction. Watch the Put Options Selling Tool Analysis for the Put Selling rank to start to increase. That will be when I plan to jump in and sell puts again on Palo Alto Networks (PANW) and possibly Crowdstrike Stock (CRWD) although I like Palo Alto Networks (PANW) as an investment, better.
Could be interesting this week if Amazon stock moves above $133. Closed today at $131.27. Rather exciting!
Thanks for posting your trades. I’m sorry you took losses in MDB. That’s a stock I do not trade. I prefer trading NVDA and NFLX which are probably as volatile but they have a better track record for recovery and good put premiums. I would also own them if assigned and sell in-the-money covered calls to get out of the trade.
I have quite a few suggestions for you and am writing them up in an article for you. It should take me just a day to finish up.
Hi and thanks for your question.
I normally wait for the 5 period and 7 period to fall below the 15 period and then if the next candlestick is red I buy puts.
For calls I wait for the 5 period and 7 period to move above the 15 period and if the next candlestick is green I buy calls.
Some trading is of course from experience. If the outlook is higher for the day in the stock market outlook, I will move quicker on support points if the SPX turns and starts to move higher. Try reviewing some of the day-to-day trade charts as I often include charts and comments in them.
Teddi
I have not made any change yet. I want to see if we get a bounce and then roll it to Oct 20 expiry and lower.
I rolled my position lower on Wed Sep 20 2023, Here are the trades done:
https://www.fullyinformed.com/members/1st-watch-list-trade-alert-for-mon-sep-11-2023/
I don’t think the stock will recover to $410 before Friday as on Wednesday they reached $397 and ran into a wall of sellers sitting at $400. The stock has to absorb those sellers before moving back above $400. In my trade I sold below $400. If you want more protection you could sell to the end of October or even into November and a lot lower than I did.
The first question is why are you closing within a minute or two of buying?
For example my first trade opened at 10:03 and closed at 10:07.
Your first trade was started at 10:04 and closed at 10:05. I didn’t see a sell signal at 10:05. Why did you close?Your second trade started at 1021 and closed at 10:21
My second trade was at 10:15. Then at 10:31 I sold half the calls and the remaining half at 10:32.Can you give me some idea as to why you are closing and what are the signals you saw that advised to sell out of your positions so quickly after buying. Thanks.
Sorry Alvin that I missed this.
I can review my trades but the better thing would be to look at trades this Friday Sep 8 and compare them after. Does that work for you?While there is no rule it often depends on the valuation of the put premium. Once the put premium matches or is less than the stock valuation, you can pretty much be prepared for assignment. To stay ahead of that, roll as the put premium erodes to match the stock’s valuation. When the put has only 10 or 15 cents premium you have a good chance of being assigned when the stock is below your put strike.
Yes, the covered call tool was open to members for a few days at the end of July and we found some errors on the computations being done. It is back being worked on and we hope it will be ready again shortly. Thanks for your patience.