What did you trade today and why?

[kevdude]

? ? ? So why buy now? To be first? Hope for a quick pop and sell?

Just ‘cuz. It’s a small amount but a big day.

 

[Old Dog Seeks New Tricks]

so i got a 7.5% allocation / does that jibe with what you got?
thanks

 

[dickoncapecod]

good morning - i put in for 200 shares / there are now 15 showing in my schwab IRA a/c. at $135, i'm all in at 2025.00.
Google tells me that 15 original shares of Tesla is worth $88,000 today.

That's interesting...,deviates from other allocation reports, I wonder if your vendor Schwab got fewer shares to distribute or just how it's all done?
Regards, Dick

 

[Old Dog Seeks New Tricks]

and if i sell today at 175 - i make 600 / nah, i'll watch the ride for now

 

[Old Dog Seeks New Tricks]

That's interesting...,deviates from other allocation reports, I wonder if your vendor Schwab got fewer shares to distribute or just how it's all done?
Regards, Dick

are those reports confirmed / cause if i got less via schwab than some retail account at fidelity or elsewhere, i'll be looking-up phone numbers for class action lawyers in the yellow pages

 

[kevdude]

Just checked - looks like I was assigned 13 shares from Schwab - so 13%.

 

[Montecfo]

Sorry my post was very muddy, I meant I would have no problem in violating the 6 month lockout if it gave me a huge profit.

makes sense.

 

[joesxm3]

This thread just made me wonder, with the Fidelity 15 day no-flip rule, can I sell covered calls sooner on SPCX?

[eta] Fidelity said that selling covered calls is OK as long as you don't get assigned within the 15 day window.

 

[Montecfo]

165 now they say...

 

[copyright1997reloaded]

are those reports confirmed / cause if i got less via schwab than some retail account at fidelity or elsewhere, i'll be looking-up phone numbers for class action lawyers in the yellow pages

Asked for 200 shares at Fido, got 200. Asked for 100 shares at Chucky, got 13. At both institutions I have significant holdings and both fairly close in terms of $ total (regular, tIra, Roth). I've been a Schwab customer for a long long time (both Schwab on a smaller account and Ameritrade/Datek on a large account). At Fido, I was mostly an employer 401k (but did have a small individual account for many years), rolled my 401k to a tIRA there about 4-5 years ago.

Good luck with a suit, they can allocate shares any way they want to. OTOH, you don't need to keep your account there.

 

[Fermion]

Bought 20 Microsoft July calls this morning when it dipped and just sold them for $6,000 gain. Literally who needs to bother going to Vegas?

 

[dickoncapecod]

Well, I logged into my broker today, and saw that I got assigned MSFT at 427.5. Put holders did not want to wait for end of day, leaving me no chance to roll to next Friday. Dang, MSFT keeps getting pummeled without getting a break. What do other investors know that I don't?

So, a loss of $4,300 so far on the stock, partially canceled out by $1,370 on the put premium. I am now a proud owner of MSFT, which I have not had for 30 years.

The consolation is that the stash is currently up 0.5% on the strength of energy, copper miners, fertilizer producers, semis, etc... You cannot win them all.

I think your transparency about your put selling results is valuable to the group. Although it sounds like you've had long term success with your strategy, your recent experiences contrast starkly against the crowd insisting put selling is "easy money."
Regards, Dick

 

[Old Dog Seeks New Tricks]

Asked for 200 shares at Fido, got 200. Asked for 100 shares at Chucky, got 13. At both institutions I have significant holdings and both fairly close in terms of $ total (regular, tIra, Roth). I've been a Schwab customer for a long long time (both Schwab on a smaller account and Ameritrade/Datek on a large account). At Fido, I was mostly an employer 401k (but did have a small individual account for many years), rolled my 401k to a tIRA there about 4-5 years ago.

Good luck with a suit, they can allocate shares any way they want to. OTOH, you don't need to keep your account there.

very very interesting - schwab rep just told me they had zero input in the process, spacex handled all the allocations and schwab just followed the directions/ hard to know what to believe especially with copy1997 getting 100% of a 200 share order...

 

[surprising]

very very interesting - schwab rep just told me they had zero input in the process, spacex handled all the allocations and schwab just followed the directions/ hard to know what to believe especially with copy1997 getting 100% of a 200 share order...

I would think they would have a say in how many total shares they want, so perhaps Schwab under-allocated, and Fidelity over-allocated?

 

[dickoncapecod]

very very interesting - schwab rep just told me they had zero input in the process, spacex handled all the allocations and schwab just followed the directions/ hard to know what to believe especially with copy1997 getting 100% of a 200 share order...

That's strange. IMO it strains credulity to believe the book runner was responsible for allocations down to the individual account level....like Dick gets 20% and Susie gets 40% and Old gets 7%.
FWIW, Dick

 

[copyright1997reloaded]

That's strange. IMO it strains credulity to believe the book runner was responsible for allocations down to the individual account level....like Dick gets 20% and Susie gets 40% and Old gets 7%.
FWIW, Dick

Right, I seriously doubt it also. RobinHood seemed to go the "everyone who wants shares gets at least one" route. If the book runner was looking at allocations at the individual level it would require personally identifying info (e.g. social security) to be able to aggregate across institutions.

Hey, I do have a share of TSLA at Fido (as a tracker - I used to own more a while back but sold it). Maybe that put me higher on the priority list (ha ha).

 

[Fermion]

Ok, Since I made the $6,000 today on Microsoft calls I decided to buy ONE share of SpaceX in one of my Roths. I will hold this until the first person sets foot on Mars. I had to keep raising my limit to get it to fill lol.

 

[Onthefarm]

Bought WDI and PDI in Roth. Still have some dry powder to allocate.

 

[NW-Bound]

I think your transparency about your put selling results is valuable to the group. Although it sounds like you've had long term success with your strategy, your recent experiences contrast starkly against the crowd insisting put selling is "easy money."
Regards, Dick

I usually play it safe by selling OTM puts way low to pocket the premium without having to buy the stock. I set the strike price closer to the current price if I don't mind getting the stock, or in the case of calls to sell the stock. I usually trade calls and puts only on stocks I already own, because I already have to track them and don't mind vary the holdings up/down a bit to make money while not overweighing any position.

Because I did not have MSFT, I thought I would not mind adding it to the inventory, and set the strike price a bit higher than normal. OK, I got my wish to own it. Just did not know how fast it dropped in a bit more than 1 week.

Anyway, a hot stock I "lost" intentionally via assigned calls is MU. I sold 1 put at 920, and then 1 put at 860. For a while, they also became ITM, and that's another $178K worth of stock I was going to get assigned. MU bounced back to 998, and I am going to keep the premium from these 2 puts expiring today, totaling $4845.

One win or loss does not mean much. I always compute the return on the entire liquid stash, which even includes the cash in my checking account (but not RE values). This is because that's how Quicken reports the total (but not the return).

PS. Been pondering what strike price I should set to sell MU OTM put again for next Friday. Should I post again that song "Do it again" by Steely Dan?

 

[Fermion]

NW would you feel bad if you had done your covered call thing on Sandisk when it was $300?

 

[finnski1]

SNDK 52 week low $40.1 Yikes. almost a 50x (5000%) gain in a year. Some say it has a way to go.

 

[Fermion]

SNDK 52 week low $40.1 Yikes. almost a 50x (5000%) gain in a year. Some say it has a way to go.

Everytime it hits a new high I think, ok that is it. Then it goes up another $300.

 

[NW-Bound]

NW would you feel bad if you had done your covered call thing on Sandisk when it was $300?

Maybe.

If the stock turns way bullish, more than I expected and the call becomes ITM, I usually roll the call to a higher price next Friday and pocket more premium, or keep same premium but get a higher selling price. I never owned SNDK by the way.

In the case of these semis, I was very leery of them crashing (I still am), and intentionally let them get assigned. You know the rest of the story.

 

[street]

NW-Bound you owning any SpaceX??

 

[NW-Bound]

NW-Bound you owning any SpaceX??

No, I was curious but never interested to look into it. I never tried to get into any IPO. No Facebook, no eBay, no Twitter, nothing. And I never owned these stocks, Amazon, Tesla, etc... In fact, I shorted the latter and lost some money.