What Did You Buy Today?

[fenders53]

(08-06-2020, 10:25 AM)EricL Wrote:

(08-06-2020, 09:52 AM)fenders53 Wrote:

(08-06-2020, 09:43 AM)divmenow Wrote:

(08-06-2020, 09:35 AM)fenders53 Wrote:

(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.

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  

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

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.

I'd be careful with FSLY, it showed the dreaded balls and shaft formation this morning...

https://twitter.com/TiddyGothTrader/stat...6550138885

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.

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.