ERBtheGREAT Posted August 8, 2020 Report Share Posted August 8, 2020 you can always sell puts, that way you take a bullish position but it doesn't cost you any cash for example you think save would be a good stock at around 15... you sell the september 15 puts for $1.10... worst case scenario is you have to buy it next month for $13.90/share ($15 strike price minus the $1.10 in your pocket). rinse and repeat and keep cranking out 7%/month without having to spend any cashI was always confused by that stuff. So if I sold 10 put contracts at the numbers you assigned, id be on the hook for 1k shares at 13.90 if it dropped below 15?If it stays above the strike of 15 I’d just collect the premium in 10 contracts Which is $1.10 x ? Only way you get crushed is it if it crashes to 10 and you get assigned at 13.90, correct? Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted August 8, 2020 Report Share Posted August 8, 2020 Buying on Margin can be very risky. I have accidentally done it many times. Sometimes I put in 1000 shares when I really meant 100.Same Having access to gamble w 6 figures of credit is never safe Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 9, 2020 Report Share Posted August 9, 2020 I was always confused by that stuff. So if I sold 10 put contracts at the numbers you assigned, id be on the hook for 1k shares at 13.90 if it dropped below 15?If it stays above the strike of 15 I’d just collect the premium in 10 contracts Which is $1.10 x ? Only way you get crushed is it if it crashes to 10 and you get assigned at 13.90, correct? correct, you get forced to buy at 15 but you already cashed in that 1.10 each contract is for 100 shares... a call option is the right to buy 100 shares at that price... a put option is the right to sell 100 shares at that price so by selling the put options you are taking a conservatively bullish position, you only have to buy it at a better price... and then for example if it goes down to 14 and you buy it, you can always sell call options against your position to make more free $$$ Quote Link to comment Share on other sites More sharing options...
rjt Posted August 10, 2020 Report Share Posted August 10, 2020 How much of a hit will gaming stocks take if/when college foots season is canceled? Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted August 10, 2020 Report Share Posted August 10, 2020 How much of a hit will gaming stocks take if/when college foots season is canceled?Somewhat maybe. As long as the NFL plays I don't think it's Armageddon. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted August 10, 2020 Report Share Posted August 10, 2020 Hit a little bit today but was expecting some profit taking anyways Quote Link to comment Share on other sites More sharing options...
Deemer Posted August 10, 2020 Report Share Posted August 10, 2020 MGM to the moon! Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted August 10, 2020 Report Share Posted August 10, 2020 Media and technology giant IAC/Interactive Corp., which is controlled by billionaire and media mogul Barry Diller, spent more than $1 billion to purchase 59 million shares of MGM Resorts International – a 12% ownership stake. Both IAC and MGM announced the stock transaction Quote Link to comment Share on other sites More sharing options...
brokerstip Posted August 10, 2020 Report Share Posted August 10, 2020 Flipping this one with PR coming soon and chart looking good Bought ACER at avg of $5.10 Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted August 10, 2020 Report Share Posted August 10, 2020 AT&T with another good day Quote Link to comment Share on other sites More sharing options...
rjt Posted August 11, 2020 Report Share Posted August 11, 2020 AT&T with another good day.6% lol Pal tried to tell ya get in on MGM Quote Link to comment Share on other sites More sharing options...
rjt Posted August 11, 2020 Report Share Posted August 11, 2020 SPAQ merger mid October Henrik Fisker@henrikfisker·1h Fisker ticker on NYSE reserved : FSR ! simple , easy to remember ! Currently the Sparten SPAC is trading under $SPAC which I won’t tag. Anticipated merger mid October ! Check the Fisker Ocean EV with the Force E package on http://fiskerinc.com #fisker #EVs #future #SUV #NYSE Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted August 11, 2020 Report Share Posted August 11, 2020 Russia says it has working vaccine, how much you trust them is up to you Quote Link to comment Share on other sites More sharing options...
WVU Posted August 11, 2020 Author Report Share Posted August 11, 2020 I have a spare 10k and I need a play. Who has a good play? Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted August 11, 2020 Report Share Posted August 11, 2020 Put 25% of that into Boyd. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted August 11, 2020 Report Share Posted August 11, 2020 I have a spare 10k and I need a play. Who has a good play? ACER....treatment of high-risk COVID-19 patients not requiring hospitalization data due anyday now, 7M float, huge insider ownership, chart looks good. I keep adding at anything less than $5, my price target is $8-10 BOL is whatever you choose Quote Link to comment Share on other sites More sharing options...
WVU Posted August 11, 2020 Author Report Share Posted August 11, 2020 I already bought some ACER when you posted yesterday Quote Link to comment Share on other sites More sharing options...
Deemer Posted August 11, 2020 Report Share Posted August 11, 2020 Just took some mgm profits and hammered ACER In at $5.07 Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted August 11, 2020 Report Share Posted August 11, 2020 another solid day for AT&T Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted August 13, 2020 Report Share Posted August 13, 2020 Goldman rates penn buy, target 60 Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 13, 2020 Report Share Posted August 13, 2020 Goldman rates penn buy, target 60 they're so smart to say buy it at 50 instead of 3 Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 13, 2020 Report Share Posted August 13, 2020 I have a spare 10k and I need a play. Who has a good play? if you want something that will double in 6 months, i say RYI... that's a $15 stock trading under 7 the only other stock on my radar that i feel comfortable will double is MUX everything else has already jumped so freaking much Quote Link to comment Share on other sites More sharing options...
WVU Posted August 13, 2020 Author Report Share Posted August 13, 2020 if you want something that will double in 6 months, i say RYI... that's a $15 stock trading under 7 the only other stock on my radar that i feel comfortable will double is MUX everything else has already jumped so freaking muchthanks I’ll take a shot with both Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted August 13, 2020 Report Share Posted August 13, 2020 if you want something that will double in 6 months, i say RYI... that's a $15 stock trading under 7 the only other stock on my radar that i feel comfortable will double is MUX everything else has already jumped so freaking much Quote Link to comment Share on other sites More sharing options...
rjt Posted August 13, 2020 Report Share Posted August 13, 2020 Goldman rates penn buy, target 60App in few weeks. Might blow right past 60 Quote Link to comment Share on other sites More sharing options...
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