GeorgiAg said:
Y'all watching this ticker?
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WWR - how much does Texags own?
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Last: 3 days ago by Gnome Sayin
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I'm just messing around. They got their patent approved and that sparked a little mini rally.
Although a part of me is thinking of cashing out if I get back to my original investment.
But on the other hand, it sounds like they are making some progress.
Although a part of me is thinking of cashing out if I get back to my original investment.
But on the other hand, it sounds like they are making some progress.
I picked up 800 shares last week based on this thread alone, and I am up over 12%…
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Thunderstruck xx said:
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Total novice speaking, but my 800 shares cost me just under $600 total last week…
I think I'm just going to hold them awhile and see what happens…
If it totally tanks, I'm out less than $600…
Worth the gamble in my mind…
Thunderstruck xx said:
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Same. My break even was around $0.85 if I remember correctly.
FOMO. Ugh.
FireAg said:Thunderstruck xx said:
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Total novice speaking, but my 800 shares cost me just under $600 total last week…
I think I'm just going to hold them awhile and see what happens…
If it totally tanks, I'm out less than $600…
Worth the gamble in my mind…
Yeah any price under a buck is worth buying and forgetting imo.
The left cannot kill the Spirit of Charlie Kirk.
techno-ag said:FireAg said:Thunderstruck xx said:
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Total novice speaking, but my 800 shares cost me just under $600 total last week…
I think I'm just going to hold them awhile and see what happens…
If it totally tanks, I'm out less than $600…
Worth the gamble in my mind…
Yeah any price under a buck is worth buying and forgetting imo.
Today might have been the last day for that...
PDEMDHC said:techno-ag said:FireAg said:Thunderstruck xx said:
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Total novice speaking, but my 800 shares cost me just under $600 total last week…
I think I'm just going to hold them awhile and see what happens…
If it totally tanks, I'm out less than $600…
Worth the gamble in my mind…
Yeah any price under a buck is worth buying and forgetting imo.
Today might have been the last day for that...
Why? What happened? I haven't been following…
I bought my 800 shares at $0.77 each…
I bought my 800 shares at $0.77 each…
I'm pretty much only at break even at $0.89 so I hope I finally start going green.
I'm writing 1.50 calls again some of my position to lower the cost basis.
Jetpilot86 said:
I'm writing 1.50 calls again some of my position to lower the cost basis.
What are you picking up per call? Definitely limiting a lottery ticket. This and Hgraf can move very fast, given the right news announcement.
JbKing45 said:Jetpilot86 said:
I'm writing 1.50 calls again some of my position to lower the cost basis.
What are you picking up per call? Definitely limiting a lottery ticket. This and Hgraf can move very fast, given the right news announcement.
.05-.10 per expiration. So I'm dropping my cost basis 2.5-5% each month. If I get the half of the position that I have covered with calls exercised against me, I double up, and all my initial risk is off the table, the the other half my position is now free and I ride it to infinity.
Once that happens, I write .50 or $1 puts for the half I just had called away and collect that premium until I get put to, rinse, repeat, wait.
The zero risk part is the appeal on these "lotto" tickets, since most lotto tickets are trash. The Options Market Maker that taught me Options, ALWAYS played for singles and ground out a very comfortable living. Then one day, called "Black Monday", 700 of his "free" contracts were worth 200 fold. I think he made $5-10 million that week.
Jetpilot86 said:JbKing45 said:Jetpilot86 said:
I'm writing 1.50 calls again some of my position to lower the cost basis.
What are you picking up per call? Definitely limiting a lottery ticket. This and Hgraf can move very fast, given the right news announcement.
.05-.10 per expiration. So I'm dropping my cost basis 2.5-5% each month. If I get the half of the position that I have covered with calls exercised against me, I double up, and all my initial risk is off the table, the the other half my position is now free and I ride it to infinity.
Once that happens, I write .50 or $1 puts for the half I just had called away and collect that premium until I get put to, rinse, repeat, wait.
The zero risk part is the appeal on these "lotto" tickets, since most lotto tickets are trash. The Options Market Maker that taught me Options, ALWAYS played for singles and ground out a very comfortable living. Then one day, called "Black Monday", 700 of his "free" contracts were worth 200 fold. I think he made $5-10 million that week.
Not a bad strategy. I'm assuming you're going 30-60 days out?
whats causing all the crazy movement???
cmk10 said:
whats causing all the crazy movement???
My conspiracy theory is someone with WWR is buying a bunch to pump it up above $1 to keep them eligible for the NYSE, and then selling.
My gut tells me it is going back down and will get pumped again to $1 in a few more months. Historically it keeps spiking up to $1 like this. I might buy a bunch if it gets to $0.50-0.60 for some easy money later.
Thunderstruck xx said:cmk10 said:
whats causing all the crazy movement???
My conspiracy theory is someone with WWR is buying a bunch to pump it up above $1 to keep them eligible for the NYSE, and then selling.
My gut tells me it is going back down and will get pumped again to $1 in a few more months. Historically it keeps spiking up to $1 like this. I might buy a bunch if it gets to $0.50-0.60 for some easy money later.
$31M shares traded the last two weeks. You think $20M+ is being spent to keep it above $1, when its just now today hitting that mark? How much more do you think "they" spend to keep it there? and why?
was about to post the same. Volume today is highest I've seen in recent history.
Regarding the NYSE comment, I believe the average share price has to be maintained above $1 for at least 30 days, so those previous jumps would not have achieved that regardless.
Heineken-Ashi said:Thunderstruck xx said:cmk10 said:
whats causing all the crazy movement???
My conspiracy theory is someone with WWR is buying a bunch to pump it up above $1 to keep them eligible for the NYSE, and then selling.
My gut tells me it is going back down and will get pumped again to $1 in a few more months. Historically it keeps spiking up to $1 like this. I might buy a bunch if it gets to $0.50-0.60 for some easy money later.
$31M shares traded the last two weeks. You think $20M+ is being spent to keep it above $1, when its just now today hitting that mark? How much more do you think "they" spend to keep it there? and why?
You're probably right, but it just seems weird to me that it keeps conveniently spiking above $1 at 2 to 6 month intervals. The last spike to $1 was in July, and the one before that was in January. I had read that a stock needs to get above $1 at least every 6 months to stay in the NYSE.
Thunderstruck xx said:Heineken-Ashi said:Thunderstruck xx said:cmk10 said:
whats causing all the crazy movement???
My conspiracy theory is someone with WWR is buying a bunch to pump it up above $1 to keep them eligible for the NYSE, and then selling.
My gut tells me it is going back down and will get pumped again to $1 in a few more months. Historically it keeps spiking up to $1 like this. I might buy a bunch if it gets to $0.50-0.60 for some easy money later.
$31M shares traded the last two weeks. You think $20M+ is being spent to keep it above $1, when its just now today hitting that mark? How much more do you think "they" spend to keep it there? and why?
You're probably right, but it just seems weird to me that it keeps conveniently spiking above $1 at 2 to 6 month intervals. The last spike to $1 was in July, and the one before that was in January. I had read that a stock needs to get above $1 at least every 6 months to stay in the NYSE.
That's trading man. The stock market exhibits an emergent behavior.. meaning that when things seem their bleakest, as analysts turn to doom and gloom, and as the media starts measuring the coffin, the market usually turns. The first move off a major low is generally synonymous with denial. After a higher low forms, the sentiment turns to hopefulness that is still timid. Once it eventually breaks out, you get acceptance (of the bottom being in and a new paradigm happening). Those stages lead to confidence and eventually to exuberance.. ultimately ending with a point where there is no fear.. pure bliss.. analysts continuing to raise guidance to the roof.. only for the market to top and that same emergent behavior to re-emerge but going the other way. Rinse repeat.
Sentiment is crazy. You have to fight against logic as well as everything you think you know. It's 100% a physchological game.
JbKing45 said:Jetpilot86 said:JbKing45 said:Jetpilot86 said:
I'm writing 1.50 calls again some of my position to lower the cost basis.
What are you picking up per call? Definitely limiting a lottery ticket. This and Hgraf can move very fast, given the right news announcement.
.05-.10 per expiration. So I'm dropping my cost basis 2.5-5% each month. If I get the half of the position that I have covered with calls exercised against me, I double up, and all my initial risk is off the table, the the other half my position is now free and I ride it to infinity.
Once that happens, I write .50 or $1 puts for the half I just had called away and collect that premium until I get put to, rinse, repeat, wait.
The zero risk part is the appeal on these "lotto" tickets, since most lotto tickets are trash. The Options Market Maker that taught me Options, ALWAYS played for singles and ground out a very comfortable living. Then one day, called "Black Monday", 700 of his "free" contracts were worth 200 fold. I think he made $5-10 million that week.
Not a bad strategy. I'm assuming you're going 30-60 days out?
Hard part is finding a buyer of the calls as the market is very thin. I just grab what I can, but yes.
Been doing the same thing - granted, I only have a measly 500 shares but I've been using it as low stakes practice for selling covered calls.
But, I'm already net free and everything is house money at this point.
But, I'm already net free and everything is house money at this point.
CC09LawAg said:
Been doing the same thing - granted, I only have a measly 500 shares but I've been using it as low stakes practice for selling covered calls.
But, I'm already net free and everything is house money at this point.
This is the way.
Go baby go! 1.12
Heineken-Ashi said:PDEMDHC said:techno-ag said:FireAg said:Thunderstruck xx said:
I'm conflicted. I really want to dump it at $1, but the patent news could push it higher?
Total novice speaking, but my 800 shares cost me just under $600 total last week…
I think I'm just going to hold them awhile and see what happens…
If it totally tanks, I'm out less than $600…
Worth the gamble in my mind…
Yeah any price under a buck is worth buying and forgetting imo.
Today might have been the last day for that...
How high do we really think that this can go?
I have been selling Nov 3 and 4$ calls
Not much premium, but if it hits here, I am happy to sell out at these kinds of levels for some of my shares
I have been selling Nov 3 and 4$ calls
Not much premium, but if it hits here, I am happy to sell out at these kinds of levels for some of my shares
kyle field 94 said:
How high do we really think that this can go?
I have been selling Nov 3 and 4$ calls
Not much premium, but if it hits here, I am happy to sell out at these kinds of levels for some of my shares
$5...$10...$25....$100...it is anyone's guess. This is a very high risk lotto play but for the industry they are in combined with the potential future demand it is better than most penny stocks IMO.
kyle field 94 said:
How high do we really think that this can go?
I have been selling Nov 3 and 4$ calls
Not much premium, but if it hits here, I am happy to sell out at these kinds of levels for some of my shares
was anyone buying those things? and for what?
I appreciate the guys who explained their covered call strategy clearly here. For some reason this was what it took for options to "click" for me. Got option trading approval today, sold one contract of $2 Oct. 17 covered calls for $0.05, so made $4.50 after commission. Cost basis is $0.75.
The way I understand it, if it expires I just made $4.50 and keep my shares. If it gets called, I made $1.25 per share plus my $4.50.
Did I get that right?
The way I understand it, if it expires I just made $4.50 and keep my shares. If it gets called, I made $1.25 per share plus my $4.50.
Did I get that right?
Diggity said:kyle field 94 said:
How high do we really think that this can go?
I have been selling Nov 3 and 4$ calls
Not much premium, but if it hits here, I am happy to sell out at these kinds of levels for some of my shares
was anyone buying those things? and for what?
I sold some $4 today and collected 10 cents. Not a lot, but it we happen to hit $4 by November, then the rest of my shares will help me buy a Lamborghini
If not, then at least I can fill up my current t car with gas and go out for a super nice steak dinner
plant science guy said:
I appreciate the guys who explained their covered call strategy clearly here. For some reason this was what it took for options to "click" for me. Got option trading approval today, sold one contract of $2 Oct. 17 covered calls for $0.05, so made $4.50 after commission. Cost basis is $0.75.
The way I understand it, if it expires I just made $4.50 and keep my shares. If it gets called, I made $1.25 per share plus my $4.50.
Did I get that right?
Correct
$.10 isn't bad for that kind of strike price
plant science guy said:
I appreciate the guys who explained their covered call strategy clearly here. For some reason this was what it took for options to "click" for me. Got option trading approval today, sold one contract of $2 Oct. 17 covered calls for $0.05, so made $4.50 after commission. Cost basis is $0.75.
The way I understand it, if it expires I just made $4.50 and keep my shares. If it gets called, I made $1.25 per share plus my $4.50.
Did I get that right?
AND if they expire worthless, your cost basis drops by the amount of premium you sold. I sold half the amount of contracts as I have stock for .10, so my cost basis drops by .05 Catch price stagnation long enough and everything is free.
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