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Sanrith Descartes

Sanrith Descartes

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Really bummed I couldnt take advantage of that opening dip. The $35 strike 12/18 puts were selling at $2.65 premium at that opening crash and are now up to 0.80 cents.

1606933449940.png
 
Fogel

Fogel

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I've been selling weekly puts on AMD, made about 1% a week on them so far, but the premiums have been slowly creeping down. I bought some NVDA at 515 just before their earnings, was hoping to see better results since their earnings but highest they've gone so far is 545, so not entirely terrible.
 
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Sanrith Descartes

Sanrith Descartes

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Fogel said:
GMHI trying to claw back to neutral for the day

View attachment 321003
Click to expand...
7+ million shares traded. It may not get back to even, but I think the selling was overstated. if it closes around here I will call it a win. Now that the merge has been approved I expect the WSB crowd to move on to other game and the volume and volatility to drop.
 
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Sanrith Descartes

Sanrith Descartes

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el-oh-el
a SPAC is interested in buying a majority stake in DirecTv. Oh how the mighty have fallen.


Market Chatter: AT&T Reportedly Wants Final Offers for DirecTV by Friday
Potential buyers for DirecTV include Apollo Global Management(APO) , a private equity firm, and Churchill Capital, a blank check company, according to the report.
 
Locnar

Locnar

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Sanrith Descartes said:
el-oh-el
a SPAC is interested in buying a majority stake in DirecTv. Oh how the mighty have fallen.


Market Chatter: AT&T Reportedly Wants Final Offers for DirecTV by Friday
Potential buyers for DirecTV include Apollo Global Management(APO) , a private equity firm, and Churchill Capital, a blank check company, according to the report.
Click to expand...

I recently got rid of them after being a customer for 15 years. They screwed up their recovery attempts for me and by the time they got back to me with "50 percent off" I had already discovered Sling TV.

BYE direct TV.
 
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Jackie Treehorn

Jackie Treehorn

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I sold my shares of PLTR at $28 on the way down...not bad for buying them at $10 or whatever. I’m sure long term it’ll go higher but ehh. I saw a profit and got out.
 
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Sanrith Descartes

Sanrith Descartes

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So as more folks are toying with options, one of the many variables we need to understand is the time decay on the time value portion of the option. As I said before it isnt linear. It accelerates as the expiry gets closer. Look at this chart as the rate of decay goes from 9 months out to expiry day.

1606942326995.png


Here is a link to a basic article on time decay and the time value of options.

www.investopedia.com

What Is Time Decay? How It Works, Impact, and Example

Time decay is a measure of the rate of decline in the value of an options contract due to the passage of time.
www.investopedia.com www.investopedia.com
 
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Sanrith Descartes

Sanrith Descartes

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Cramer talking about GMHI and the new symbol tomorrow (LAZR). Remember this stock was down 18% this morning... insane eh Fogel Fogel ?

Edit now up 18%

Screenshot_20201202-182855_Samsung Internet.jpg
 
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Blazin

Blazin

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LachiusTZ said:
Not sure what else can be expected with the volatility as it is . . .

Boom and bust every day.
Click to expand...

In bullshit names of companies with no earnings, and selling at 40x+ Sales. It's fine just never thought this would turn into a thread I just scroll past
 
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