Eliminatus said:

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250 shares with cast basis of .58. I did it for the memes. And now I am staring at it as it is pretty much the only green line in my portfolio right now.








I hate this game.

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WWR, POWL, FIX, GNRC, DNN

Make that 200 shares.

Jetpilot86 said:

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plant science guy said:

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How will I know if someone exercises the call early? I've got options in both Schwab and Fidelity.

Do the shares just disappear and suddenly I've got more unsettled cash?

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Yes. Hopefully you didn't write calls for more than half your position.

If/when my Nov 1.5 Calls are exercised, the remainder of my position is Cost basis 0.

Y'all can thank me for this, because if I had not written them, we'd still be at .75.

I'm currently pleased no one sold me Nov $1 Puts.

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I'm surprised that my calls are still sitting there right now in my positions.

I wrote calls on most of my shares, but I bought the shares for the purpose of some live fire practice. I've only got 59 or so that don't have calls written.

I'm frustrated because I thought I would have longer to play the game before it blew up. Maybe it'll come back down eventually.

Ultimately I'm not mad because this is my first 2x trade, I just wish it hadn't happened so quickly.

Roll your calls out and to a higher strike if you still want some upside exposure on your shares.

plant science guy said:

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Jetpilot86 said:

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plant science guy said:

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How will I know if someone exercises the call early? I've got options in both Schwab and Fidelity.

Do the shares just disappear and suddenly I've got more unsettled cash?

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Yes. Hopefully you didn't write calls for more than half your position.

If/when my Nov 1.5 Calls are exercised, the remainder of my position is Cost basis 0.

Y'all can thank me for this, because if I had not written them, we'd still be at .75.

I'm currently pleased no one sold me Nov $1 Puts.

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I'm surprised that my calls are still sitting there right now in my positions.

I wrote calls on most of my shares, but I bought the shares for the purpose of some live fire practice. I've only got 59 or so that don't have calls written.

I'm frustrated because I thought I would have longer to play the game before it blew up. Maybe it'll come back down eventually.

Ultimately I'm not mad because this is my first 2x trade, I just wish it hadn't happened so quickly.

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More than likely, the opposite side sold out to someone else. I've rarely gotten exercised early, much less this early.

There is little incentive for the call buyer to exercise early.

The only time that that I get exercised early is when the stock is having a ex-dividend day very near the expiration day and that the stock price is not near the strike price

As an example, if a company goes ex dividend on Tuesday next week, then the long call owner might exercise an Oct call early in order to get the dividend. If they wait for regular exercisement, then they wouldn't be eligible for the dividend.

There is little to no reason why anyone would exercise early a Nov call or further out. They could capture more profits by selling the option vs exercising and selling shares.

kyle field 94 said:

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There is little incentive for the call buyer to exercise early.

The only time that that I get exercised early is when the stock is having a ex-dividend day very near the expiration day and that the stock price is not near the strike price

As an example, if a company goes ex dividend on Tuesday next week, then the long call owner might exercise an Oct call early in order to get the dividend. If they wait for regular exercisement, then they wouldn't be eligible for the dividend.

There is little to no reason why anyone would exercise early a Nov call or further out. They could capture more profits by selling the option vs exercising and selling shares.

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This is correct.

It's also explained as intrinsic vs. extrinsic value. If a Nov. expiration $140 call option is sold when the stock price is $150, you'd get $10 intrinsic value (the amount it's "in-the-money"). However, the option may be priced at $12, as there is still some (in my example, $2) extrinsic value left in the contract. Think of extrinsic as the remaining "time value", of which each option has at least a tiny bit of until the day of actual expiration. If the same stock is currently $130/share, the extrinsic value might be $0.05 per contract. So even in that case (absent the ex-div example above), the option holder receives some value to hold (or sell) the option vs. exercise for 5 cents less.

gravitartx said:

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Decided to purchase a measly 35 shares this morning for $2.25 with the little cash I had sitting doing nothing in my brokerage .... Jealous of y'all that got in sub $1!

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Starting to look like I might be able to pay for my Generac out of pocket…

We are past $2.50 at the moment…is your next point of interest in the $2.70ish range?

If you're asking me, it looks like there's a little bit of a bump to get past here around 2.60 and then a decent chance of quickly reaching 3.10s - 3.30s after that.

Biz Ag said:

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21.1 million shares traded today.

ETA: Only 86.23 million outstanding.

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Someone said big business or funds bought in heavily a couple months ago.

I seem to remember it being Blackrock and / or Vanguard but it really wasn't that much in the grand scheme.

FireAg said:

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We are past $2.50 at the moment…is your next point of interest in the $2.70ish range?

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Yup. Support now $1.80, maybe even slightly higher.

Close to $3.00 in after hours trading

JbKing45 said:

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196,500

Total 433,340

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It's seems that it is slightly outperforming even your bullish predictions…

In your opinion, what is driving the value on this stock right now?

FireAg said:

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It's seems that it is slightly outperforming even your bullish predictions…

In your opinion, what is driving the value on this stock right now?

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Bullish sentiment.

The pragmatist in me says this move will sell back at some point, as the company still isn't THAT close to becoming profitable. This seems all geopolitical. Reality would come back, it would base at a higher low, and then proceed higher on next news.

Yes, my diagonal upward count is likely dead. That can be good or bad. Bullish would need to hold above $1.50 (thats maximum drawdown), and ideally above $1.95 after this after-hours move. But as I mentioned on stock market thread this morning, daily RSI today was at 94. Last time that happened was October 2020. When that move ended, the stock never saw higher. That was a 3-wave move off the low. So is this one. That said, this low preceding this move was a higher low from then. Tells me to look higher. I still like a multi-year move to $20. I just need to figure out how it most likely gets there with current thesis blown. And it could very well be that it just does what it wants and continues to blow through resistance levels. A blueprint is great. But trading these mega explosions in reality is a lot different than a choreographed blueprint.

I mean.. maybe its going to target all at once with pullbacks that never really let anyone back in.

Okay so still no real rhyme or reason for it to be climbing like this from a profitability standpoint…

You think geopolitical factors are likely the best explanation at this point?

FireAg said:

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Okay so still no real rhyme or reason for it to be climbing like this from a profitability standpoint…

You think geopolitical factors are likely the best explanation at this point?

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I have no idea. Maybe somebody knows Trump is about to announce a stake.

Breakout sentiment doesn't always make sense. The stock market has an emerging quality to it. Sentiment leads fundamentals always.

Interesting…

I have no idea what to think…I'm just following as a novice who had a couple thousand sitting in cash in my Schwab account so I threw it at this play 3 weeks ago just based on (as you put it) the sentiment on this thread…

Happy I did…just wish I was smart about all of this and not just lucky…

Heineken-Ashi said:

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FireAg said:

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Okay so still no real rhyme or reason for it to be climbing like this from a profitability standpoint…

You think geopolitical factors are likely the best explanation at this point?

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I have no idea. Maybe somebody knows Trump is about to announce a stake.

Breakout sentiment doesn't always make sense. The stock market has an emerging quality to it. Sentiment leads fundamentals always.

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I thought about that (some in the know scooping up before federal acquisition/ support), but it doesn't really stand to reason because if that were the case, they would buy a whole hell of a lot more of it than that. I mean, it was just a penny stock. Even at these prices the entire float is worth chump change for most the big buyers. Price would be $50/ share if that were the case.

We have to be real though. Would anything like $10-$15-$20+ per share even make sense for the amount of recoverable graphite in the ground? What does their reserve report even say?