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Rangoth

Rangoth

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What blazin said is accurate, but it does not mean there isn’t money to be made on RKLB, you just need to understand that you are not buying a value stock on fundamentals. It’s, as he said, a speculative play the company could be worth much more if they can successfully launch shit to space at scale and speed. This will be pretty volatile for a while.

I turned 25k into 100k with them(wish I had stayed in but ohh well) and now I’m too afraid to get back in at current prices. I would reconsider during one of the dips but it’s too insane for me right now.

there are plenty of other speculative plays that are not yet in WSB or have such insane IV, of which I always try to keep 1-2 open and I post in the shit stock thread for those since it’s not really smart investing, it’s just why not take a limited risk to win big type of thing.
 
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Blazin

Blazin

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It's a great name (RKLB) to remember when we are in one of those risk off scare fits and people are dumping every speculative play. Problem is during fire sales there is so much to buy it's hard to take advantage of every opportunity.
 
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Daidraco

Daidraco

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Blazin said:
It's a great name to remember when we are in one of those risk off scare fits and people are dumping every speculative play. Problem is during fire sales there is so much to buy it's hard to take advantage of every opportunity.
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But good God man, lol. This stock has went straight in the fkn trash in the last 5 days.
 

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Sanrith Descartes

Sanrith Descartes

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Apparently big Pharma stonks don't like the official announcement of RFK running HHS.
 
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Mist

Mist

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Sanrith Descartes said:
Apparently big Pharma stonks don't like the official announcement of RFK running HHS.
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I'm sure they'll be fine, and I'd buy any significant dips on the relevant ETFs as long plays. Pharmaceuticals are a cornerstone of American technological dominance.
 
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Blazin

Blazin

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It's option day! how exciting.

Today's Plan
AAPL 245 calls expire worthless , purchase additional shares with the locked in Nov premium. Sell Dec 240
GOOGL 180 calls expire worthless , purchase additional shares with the locked in Nov premium. Not a good day to sell Dec will wait
TSLA 285 calls in the money, rolled strike up to 315 and out to Jan for even. (May take a couple months to wiggle my way out of being in the money)
AMZN 210 calls to expire worthless, purchase additional shares with the locked in Nov premium. Not a good day to sell Dec will wait
LOW 270 calls to expire worthless, purchase additional shares with locked in Nov premium. Sell Dec 290

Maybe next month show total premium collected for the year and % that it added to the portfolio. I think it's going to come in around 8% of the portfolio in premium then reinvested. It's nerdy shit but fun looking at the ups and downs of it and realizing how time and consistence even out the noise. Things big in the money that over a few periods just play themselves out while the premium collection just rolls on.

LOWs blows past my Oct 270 strike and goes $15+ in the money, Oh no this strategy sucks! just roll it to Nov for a whopping $14.81 a contract collected which now 4 weeks later expires worthless. Thanks for playing guy who bought my Nov call and tip my fedora to the guy who bought my Oct calls but the house wins the long game.
 
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Blazin

Blazin

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Some big names getting hit pretty hard today. But so far not really passing an inflection point of real damage. Bounce monday and it's all quickly erased, another red week next week and some charts would start to get ugly.


IWM going back and saying Bonjour to the box. Does is seek the comfortable solace of going back inside? If it does I'm not touching it anymore until we get a new test of the low side.

We are going to wipe out the election rally, do we then rest there again or do things start getting interesting. I sure hope interesting.

Possible setup?
1731702851781.png
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Some big names getting hit pretty hard today. But so far not really passing an inflection point of real damage. Bounce monday and it's all quickly erased, another red week next week and some charts would start to get ugly.


IWM going back and saying Bonjour to the box. Does is seek the comfortable solace of going back inside? If it does I'm not touching it anymore until we get a new test of the low side.

We are going to wipe out the election rally, do we then rest there again or do things start getting interesting. I sure hope interesting.

Possible setup?
View attachment 559405
Click to expand...
I think this market is going to reward patience in the short term.
 
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Blazin

Blazin

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PLTR up another 11% today now selling for 150 years of current Revenue, it may even be passing GME peak valuations. To add to the funny GME has about 5x the rev of PLTR, selling used video games.
 
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