(04-28-2022, 05:52 AM)NilesMike Wrote:My game remains about 85% boring. I have two volatile stocks I trade. ENPH and GNRC. I am very good with holding them long-term. I consider them volatile but not all that speculative. I own long shares with low basis and push my luck grabbg income as more shares would be OK. (Option income is better thought) I have taken ENPH for 100pt rides and GNRC was good for 200pts not so long ago.(04-27-2022, 02:53 PM)fenders53 Wrote: . I have a GNRC short put that is WAAAAY in the money. Like 40 points.
I assume you were hiding below the 3/14-3/15 lows?
I no longer speculate in single name stocks. SPX options and dividend growth single names from here on out.
Without looking, the GNRC trade went down approximately like this..... When GNRC pulled back to 300-305 I sold a put at strike 280. Gave myself some room and know I can roll it at least once to buy some time because the premiums are stupid and I get paid to wait (until it gets THIS dumb). It jumped off a cliff a week later lol. I have danced with ENPH puts deep in the money a few times with no harm a month or so later. I have entered GNRC the last three years early spring because they can't make enough portable product when tornados, wildfires and hurricanes season arrives.
We'll see how it goes but my MAR-APR option selling income is ridiculously good because I have time to stare at a monitor and close or adjust trades when it needs done. Most of them are boring so it levels out. My long shares just lay there so this will have to work.
And where is your loss post or do you only win?
