Stock Markets

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Gaeilge
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flashplayer said:

Chef Elko said:

Yesterday I trimmed some WWR and was called out of some shares. I'll probably buy back in after they have a stock offering.

How did you get called yesterday already?

Covered calls can get called out at any time regardless of expiry.
Brian Earl Spilner
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AG
How common is this though?
Woods Ag
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AG
Rebought WWR - 2.60
flashplayer
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It's just crazy to me that on one as volatile as WWR was yesterday that someone would exercise their call and not just sell it. Seems like a huge risk but admittedly I haven't thought through it that deeply. Maybe for tax implications I could kind of see a reason.
EnronAg
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Brian Earl Spilner said:

How common is this though?

VERY VERY uncommon...have sold covered calls for 10+ years...and generally mine are only called early on ex-div date or if the calls are EXTREMELY in the money...like bigly ITM
Chef Elko
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flashplayer said:

Chef Elko said:

Yesterday I trimmed some WWR and was called out of some shares. I'll probably buy back in after they have a stock offering.

How did you get called yesterday already?

I sold a small amount 10/17 $1C early in the run so they were far ITM.
I bleed maroon
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EnronAg said:

Brian Earl Spilner said:

How common is this though?

VERY VERY uncommon...have sold covered calls for 10+ years...and generally mine are only called early on ex-div date or if the calls are EXTREMELY in the money...like bigly ITM

Uncommon, but if the call buyer decided they wanted to open a share position after all (instead of just a call option), it's a seamless way to do it. They are, however, giving up the remaining "time value" of the contract, which is why it's rarely done. In this case, it might have only been a penny or two, explaining their choice.
flashplayer
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Chef Elko said:

flashplayer said:

Chef Elko said:

Yesterday I trimmed some WWR and was called out of some shares. I'll probably buy back in after they have a stock offering.

How did you get called yesterday already?

I sold a small amount 10/17 $1C early in the run so they were far ITM.

Good to know. Makes me glad for now that I had rolled mine up and out (although in retrospect I am wishing I never sold any just like everyone else who did).
GeorgiAg
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AG
Why is MP down?
flashplayer
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I bleed maroon said:

EnronAg said:

Brian Earl Spilner said:

How common is this though?

VERY VERY uncommon...have sold covered calls for 10+ years...and generally mine are only called early on ex-div date or if the calls are EXTREMELY in the money...like bigly ITM

Uncommon, but if the call buyer decided they wanted to open a share position after all (instead of just a call option), it's a seamless way to do it. They are, however, giving up the remaining "time value" of the contract, which is why it's rarely done. In this case, it might have only been a penny or two, explaining their choice.

Thinking about it, there were a few times yesterday I was noticing the time value was actually zero or negative on some of the prices I was seeing.
EnronAg
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Chef Elko said:

flashplayer said:

Chef Elko said:

Yesterday I trimmed some WWR and was called out of some shares. I'll probably buy back in after they have a stock offering.

How did you get called yesterday already?

I sold a small amount 10/17 $1C early in the run so they were far ITM.

makes total sense that far in the money with expiry in 2 days...the time premium is virtually non-existent at the current price vs strike
I bleed maroon
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flashplayer said:

I bleed maroon said:

EnronAg said:

Brian Earl Spilner said:

How common is this though?

VERY VERY uncommon...have sold covered calls for 10+ years...and generally mine are only called early on ex-div date or if the calls are EXTREMELY in the money...like bigly ITM

Uncommon, but if the call buyer decided they wanted to open a share position after all (instead of just a call option), it's a seamless way to do it. They are, however, giving up the remaining "time value" of the contract, which is why it's rarely done. In this case, it might have only been a penny or two, explaining their choice.

Thinking about it, there were a few times yesterday I was noticing the time value was actually zero or negative on some of the prices I was seeing.

Also - don't EVER trust option quotes you see - every method is flawed. The only thing real is the bid and ask.
Number Monkey
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He also didn't state at what execution price he sold his calls. I know many of us sold at $5 executions, but maybe he didn't.
59 South
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FYI, Options for $WWR have been added up to $8 for all time periods. You're welcome!
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
GeorgiAg
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He's another one on Armed Services and a bunch of important Subcommittees
Chef Elko
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Never thought we would go on a run like this. I was slumming it up buying in the high $0.40s/low $0.50s and selling mid $0.50s. The $1 + call premium was past net free for me. Still wont make back my original investment from way back when.
flashplayer
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I just bought some UEC (Uranium Energy Corp) puts for Oct 24, $15.50 and $16 strike. UEC jumped out of its channel this morning on not that impressive of volume (to me anyway, ~ 6 million first hour of trading and it has gone down 1.7% in that time and volume last few days has been around 20M a day). If it holds where its at and the rest of the day volume puts it close to 30M I may get my face ripped off because it could definitely keep firing into orbit. But I like the odds that it jumps back in the channel tomorrow or Friday and invalidates this move.
59 South
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Gaeilge said:

Gaeilge said:

Was considering that. But I think I'll wait to see where we are EOD and look to possibly sell the $260C given my 240C are already up ~20%

Sold the AMD 11/21 260C at $10. These are now free plays

Nice trade!
If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
giddings_ag_06
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Been on the sidelines during all the years of WWR talk on here. Watching it fall today has me curious if it's a breather during the run up and I should add some or if it's the beginning of a bigger fall. I don't want to FOMO buy, but it's interesting.
Yukon Cornelius
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Eliminatus said:

Any of you learned gentlemen playing with $CAT? (no, not scat. We don't kink shame here)

Super steady growth lately and one of the stocks I actually truly believe in the product. It's just had a nice ramp up but still not smart enough to gauge tariff pressure longterm on companies with significant international exposure.


I've been a fan of CAT. They seem like a really strong company from an operational standpoint. They've been on a killer of a run. I don't think there's much tariff concern for them. They aren't a consumer product. Most sells are via bank loans.

I've followed them awhile mainly because my son loves construction equipment so it's in his custodial account haha.
Woods Ag
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giddings_ag_06 said:

Been on the sidelines during all the years of WWR talk on here. Watching it fall today has me curious if it's a breather during the run up and I should add some or if it's the beginning of a bigger fall. I don't want to FOMO buy, but it's interesting.


I was similar situation and joined the ride at $2 up to $3.49. Back in at $2.60

The water is nice! Come on in with a small position

Seriously, HA said he thinks $20 in the future? If I remember correctly.
GeorgiAg
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giddings_ag_06 said:

Been on the sidelines during all the years of WWR talk on here. Watching it fall today has me curious if it's a breather during the run up and I should add some or if it's the beginning of a bigger fall. I don't want to FOMO buy, but it's interesting.

Have ChatGPT or other AI analyze it for you and read its analysis. Interesting read. It's not just a meme stock. They have real assets and given the geopolitical currents ATM, a pretty significant tailwind. Of course, it still in the high risk/spec. category.

We strike some massive trade deal with Chyna and it could tank. But that is highly unlikely with how they've been acting.
giddings_ag_06
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Ok. Bought a few shares. Already up $20. May take my profits now.

But seriously, threw a little in just to see. Nothing more than I'd be willing to lose in Vegas.
TheCellarDoor
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Obviously have no idea where it will go, but Redler did describe the chart very positively and said he's playing it for upside. It's poking above the channel now, so it could also run. Just wanted to throw it out there for you since I heard it this morning.
Thunderstruck xx
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El Chupacabra said:

Thunderstruck xx said:

aggies4life said:




Why?

Outside of the semiconductor/AI boom going on and projected to continue going on, there's the 10% interest the US bought. I don't imagine they will allow it to fail until the administration changes.


Do we trust the government to not screw this up? I get that Intel is well positioned for the boom in AI, probably only in chip manufacturing for other companies, but I've not heard good things about their leadership and business decisions in recent history.
Chef Elko
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giddings_ag_06 said:

Been on the sidelines during all the years of WWR talk on here. Watching it fall today has me curious if it's a breather during the run up and I should add some or if it's the beginning of a bigger fall. I don't want to FOMO buy, but it's interesting.

A penny saved is a penny earned. Many of us are still in the red from 2020 so consider yourself lucky!

Critical mineral companies pulling back with Bessent saying tariffs could be delayed to keep the flow of minerals going. Shocking, right?! Would never have expected that one!

I'm waiting for WWR to have stock offering and then I MIGHT buy the dip. I only have some 2026 call spreads waiting to be filled at a super low bid, just a gamble in case they actually ink some kind of funding for the mine. Until then, the share price will drift back down and we will get diluted.

I lost the most money doing buy-writes on WWR in 2020 and bag holding when the bottom fell out. Don't do something stupid like that
I bleed maroon
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giddings_ag_06 said:

Ok. Bought a few shares. Already up $20. May take my profits now.

But seriously, threw a little in just to see. Nothing more than I'd be willing to lose in Vegas.

This is really the first rule of investing, in my mind. In Vegas, the house edge is likely to be 5-10% for the way most people bet. In the stock market, buying the "average" stock gives you the equivalent of the house edge. Over the long haul, you'll make 5-10% annually.

Be the house.
flashplayer
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Yeah, if it holds where it currently is today and opens tomorrow higher it could go on a serious run. I am basically counting on the volatility to pull it back down if even temporarily in the next day or two. If it holds this spot longer than that my play on this is up in smoke.
Number Monkey
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So based on your assumption, you'd recommend buying back your Feb 2026 $5 CC so that exit can be made if necessary? I'm new to selling CC and def don't want to hold on to the stock if it's going to continue downward because I have to keep the shares until Feb.

Edit: My net gain on the buying my CC's back would be about $1,500 at this point.
flashplayer
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flashplayer said:

Yeah, if it holds where it currently is today and opens tomorrow higher it could go on a serious run. I am basically counting on the volatility to pull it back down if even temporarily in the next day or two. If it holds this spot longer than that my play on this is up in smoke.

The last 3 times ACHR price has interacted with or anywhere near this trend line, the next day it went down between about 1.00-1.50 and that's on prices $11-13.50 / share, so decent percentage. That's what I'm hoping for.
EnronAg
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uh oh, another tweet?!?
Brian Earl Spilner
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Brian Earl Spilner said:

Took BBAI profits at $9.17. (Fourth bite.)

Looking for re-entry at 8.50.

Back in.
Swollen Thumb
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59 South said:

FYI, Options for $WWR have been added up to $8 for all time periods. You're welcome!

Sorry to be the dumb guy here but can you explain this a little more and the significance?
I bleed maroon
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Swollen Thumb said:

59 South said:

FYI, Options for $WWR have been added up to $8 for all time periods. You're welcome!

Sorry to be the dumb guy here but can you explain this a little more and the significance?

The market makers previously only listed options with strike prices up to $5. They have added strikes all the way to $8, now. More choices to risk your hard-earned money!
Chef Elko
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When I did buy-writes I had the share price rocket past my covered call strike price making buying them back very costly. Then the share price collapsed but the volatility kept the option price high to where I didn't want to buy back the calls. Price then completely tanked and I kept waiting for the bounce that never came and bagheld $4-$5 average cost shares for years before selling in the $1 range.

If you have a really low share price you could use the $1500 to go "net free" if you close them. When I sell covered calls on stocks where the implied volatility is high like this, I generally buy back my covered calls at a 50-75% gain, you could wait for that.

I have part of my shares covered with 2/20/26 $5C that I'm not closing out because my average share price is $0.55 and I've already sold shares to go well past "net free".
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