08-06-2020, 09:19 AM
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What Did You Buy Today?
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08-06-2020, 09:21 AM
(08-04-2020, 11:54 AM)EricL Wrote:(07-22-2020, 08:51 AM)EricL Wrote: Bought a little SLV in my trading account. Silver broke the $20 level recently, and with all the money printing being done around the world, I think it will continue higher. Up another 5% today. Metals are on an absolute tear. Wonder if silver is headed to $50 like back in 2011.
08-06-2020, 09:35 AM
(08-06-2020, 09:21 AM)EricL Wrote:Sure look like it's heading towards it. Momo rules again. Just be nimble and don't ride it back down if it turns on you Eric. The wait can be decades to get back to even with no dividend. And congrats. My precious metals option returns are maxed out now. Holding until expiration no longer has any reward. I might nibble a little more SLV with a new contract but it's getting riskier from here. The fall will be just as epic.(08-04-2020, 11:54 AM)EricL Wrote:(07-22-2020, 08:51 AM)EricL Wrote: Bought a little SLV in my trading account. Silver broke the $20 level recently, and with all the money printing being done around the world, I think it will continue higher.
08-06-2020, 09:40 AM
(08-06-2020, 09:35 AM)fenders53 Wrote:(08-06-2020, 09:21 AM)EricL Wrote:Sure look like it's heading towards it. Momo rules again. Just be nimble and don't ride it back down if it turns on you Eric. The wait can be decades to get back to even with no dividend. And congrats. My precious metals option returns are maxed out now. Holding until expiration no longer has any reward. I might nibble a little more SLV with a new contract but it's getting riskier from here. The fall will be just as epic.(08-04-2020, 11:54 AM)EricL Wrote:(07-22-2020, 08:51 AM)EricL Wrote: Bought a little SLV in my trading account. Silver broke the $20 level recently, and with all the money printing being done around the world, I think it will continue higher. No worries, I don't have very much tied up in it. Was just some spare cash in the trading account from accumulated dividends that looked like they needed a home.
08-06-2020, 09:43 AM
(This post was last modified: 08-06-2020, 09:45 AM by divmenow.
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(08-06-2020, 09:35 AM)fenders53 Wrote:SLV has been on a great run. I'm in an average of $14.80 but it's a bit over extended at RSI is at 80+. So you would think it would correct some. But it just keeps rising. It's like a tech stock(08-06-2020, 09:21 AM)EricL Wrote:Sure look like it's heading towards it. Momo rules again. Just be nimble and don't ride it back down if it turns on you Eric. The wait can be decades to get back to even with no dividend. And congrats. My precious metals option returns are maxed out now. Holding until expiration no longer has any reward. I might nibble a little more SLV with a new contract but it's getting riskier from here. The fall will be just as epic.(08-04-2020, 11:54 AM)EricL Wrote:(07-22-2020, 08:51 AM)EricL Wrote: Bought a little SLV in my trading account. Silver broke the $20 level recently, and with all the money printing being done around the world, I think it will continue higher. I did buy a silver stock this morning in PAAS. Been watching that one for a while and got a $3 dip so lol. And best of all it pays a dividend So did anyone buy the FSLY dip this morning? Headed back to $100
08-06-2020, 09:52 AM
(08-06-2020, 09:43 AM)divmenow Wrote:I'm about to get forced into 100 shares on a put sale at an OK, not great price. 12% of their Revs are from TikTok, their largest customer. That spooked the market, but their earnings report was very good.(08-06-2020, 09:35 AM)fenders53 Wrote:SLV has been on a great run. I'm in an average of $14.80 but it's a bit over extended at RSI is at 80+. So you would think it would correct some. But it just keeps rising. It's like a tech stock(08-06-2020, 09:21 AM)EricL Wrote:Sure look like it's heading towards it. Momo rules again. Just be nimble and don't ride it back down if it turns on you Eric. The wait can be decades to get back to even with no dividend. And congrats. My precious metals option returns are maxed out now. Holding until expiration no longer has any reward. I might nibble a little more SLV with a new contract but it's getting riskier from here. The fall will be just as epic.(08-04-2020, 11:54 AM)EricL Wrote:(07-22-2020, 08:51 AM)EricL Wrote: Bought a little SLV in my trading account. Silver broke the $20 level recently, and with all the money printing being done around the world, I think it will continue higher.
08-06-2020, 10:25 AM
(08-06-2020, 09:52 AM)fenders53 Wrote:(08-06-2020, 09:43 AM)divmenow Wrote:I'm about to get forced into 100 shares on a put sale at an OK, not great price. 12% of their Revs are from TikTok, their largest customer. That spooked the market, but their earnings report was very good.(08-06-2020, 09:35 AM)fenders53 Wrote:SLV has been on a great run. I'm in an average of $14.80 but it's a bit over extended at RSI is at 80+. So you would think it would correct some. But it just keeps rising. It's like a tech stock(08-06-2020, 09:21 AM)EricL Wrote:Sure look like it's heading towards it. Momo rules again. Just be nimble and don't ride it back down if it turns on you Eric. The wait can be decades to get back to even with no dividend. And congrats. My precious metals option returns are maxed out now. Holding until expiration no longer has any reward. I might nibble a little more SLV with a new contract but it's getting riskier from here. The fall will be just as epic.(08-04-2020, 11:54 AM)EricL Wrote: SLV up another 4.5% today, and now up 15% since I bought. I'd be careful with FSLY, it showed the dreaded balls and shaft formation this morning... https://twitter.com/TiddyGothTrader/stat...6550138885
08-06-2020, 11:03 AM
Added some GEO on the little panic this morning.
Still buying profitable companies with a nice dividend.. silly old me. xD
08-06-2020, 11:05 AM
(08-06-2020, 10:25 AM)EricL Wrote:LOL, it's definitely a spec. I've had an awesome couple of income weeks selling puts on a couple high fliers. I;m getting paid upfront for a reason lol. I'll eat something eventually and have to ride it out. I'll very likely roll the strike forward a week and down $5 SP tomorrow morning. This trick doesn't work with KO or T lol. If they drop 15% overnight you just own them tomorrow.(08-06-2020, 09:52 AM)fenders53 Wrote:(08-06-2020, 09:43 AM)divmenow Wrote:I'm about to get forced into 100 shares on a put sale at an OK, not great price. 12% of their Revs are from TikTok, their largest customer. That spooked the market, but their earnings report was very good.(08-06-2020, 09:35 AM)fenders53 Wrote:SLV has been on a great run. I'm in an average of $14.80 but it's a bit over extended at RSI is at 80+. So you would think it would correct some. But it just keeps rising. It's like a tech stock(08-06-2020, 09:21 AM)EricL Wrote: Up another 5% today. Metals are on an absolute tear. Wonder if silver is headed to $50 like back in 2011.Sure look like it's heading towards it. Momo rules again. Just be nimble and don't ride it back down if it turns on you Eric. The wait can be decades to get back to even with no dividend. And congrats. My precious metals option returns are maxed out now. Holding until expiration no longer has any reward. I might nibble a little more SLV with a new contract but it's getting riskier from here. The fall will be just as epic. I just sold a SLV put with a 24 strike with a few weeks expiration. Just a little over a 2% return. That's about as brave as I am going to get after this run. I've never been exercised on a metals put but it will happen someday. On a very slow day when I am off work I try to create $200 of income. I tell myself it justifies staring at the computer half the day. It adds up. The past few weeks I've let my hair down and grabbed some huge spec premiums. I blame Divemenow for sucking me into little tech. I'm off to find a few more boring puts. I've had enough excitement for this week lol.
08-06-2020, 11:13 AM
Limit order hit so I have an initial position in MAA.
08-06-2020, 02:38 PM
Picked up a few shares of AEP. Sold a put in DG at strike 190. Dividend is a little light so I might as well get some cash on the way in. Definitely a quiet growth company. I wish I had bought DG years ago.
08-06-2020, 03:16 PM
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