That's very bold, already up over $26. Should have bought more, dam!

Anyone seen Ice in Texas? hope all is well. Didn't know it was that bad down there, need more windmills.

With their 1.5 million buy a couple days ago, it was obvious they'd buy more if it dropped again. That's what they always seem to do with their favorite positions. That was a big buy though. Almost $27 in after hours.

Snowflake is March. https://www.investors.com/news/technology/snowflake-stock-other-ipo-stocks-face-lockup-expirations/

https://markets.businessinsider.com/news/stocks/snowflake-stock-rallies-6-despite-lockup-expiration-2021-1-1029943966

Thanks foe the clarification. Interesting that they did only a 3 month lockup as opposed to 6.

C3.ai was 3 months as well? I guess no more lock ups to look forward to.

https://www.marketbeat.com/instant-alerts/nyse-ai-lockup-expiration-2021-01/

Damn late to the party. Classic me.

Now that PLTR lockup is done we can get ready for the uninhibited ride upwards. Now if only I would have bought more on 11/6/20 at $13.97 but long term won’t matter and I’m happy for my ARKK investment to lead the way also.

Most of it was just concerning how clueless congress is. One individual asked is RH has the ability to search reddit to make sure people investing on their platform were making sound investments

Is it expected to go up now? It had a nice post market run.

When did you buy into Arkk? if you don't mind me asking.

For me. I've had Arkk for about 6 months. My ear doctor drives a Tesla and we talk about his car, the stock and he mentioned this ETF. HE told me how great the fund manager was. Bought 200 shares. Now I read about the fund manager and how great she is....My 2 ETFs are ARKK and BLOK.

Bought more PLTR, PINS abs DKNG today. We will see what happens

Nice! bought some on the dip...wish I was 6 months in, lol

I do find it amusing that according to the news:

wsb + gme = bad

Ark + pltr = good

Made money both ways, so my wallet doesn’t mind.

Just got in on ARKK as well. Yeah, I am late to the party, but I don't think it will matter long term.

Or the one from Texas that kept calling Citadel, Site a dale, and though they owned the clearing house.

That was the first one I heard when I got in the car to go home. Made me question how I was saying it....

added some FLO & KMB
These are not going to double in 3 months or even a year, but both good staple companies that pay a divided and help round out a portfolio

I think I missed the $25 buy back in for PLTR, picked some up at $28.50 this morning. Planning on buying more if it drops again.

Anybody else still riding SABR with me? PLTR is not the only stock up 13% today.

Sell some puts, make some money while you wait for it to drop.

This is the way.

Yes sir, still holding 1000 shares.

Thoughts on MJ?

Good man! I still have my 4K tranche. Let's let this baby run some!

I sold part of my position in STKS a couple days ago. It was at its highest ever and you know, pandemic + restaurants=bad. Nope, up to a new high today.

The optimism in some of those sectors is a little crazy to me. I've been watching LYV. They weren't a profitable business BEFORE the pandemic and they also hit an all time high this week. I tried to get in on a low potential loss bear credit spread for July but couldn't get filled. I'll watch again next week.

I feel like CCIV is way over price right now. Even if the lucid thing is true, I’m not seeing the value. Am I missing something? Or is this a “buy the hype, sell the news” thing.

Deepfuckingvalue doubles his GameStop shares Friday before close.

Gawd why? I'm impressed he held this long, I would have sold half, most or all of it once it broke $300 and retired on the 14 million. Dude definitely likes the attention.

He is set for life, a straight up legend. He can sell merch and live off of whatever reddit fame he has accrued.

What's it really worth? I mean it's down under $3 billion market cap now. That seems reasonable. Maybe a little high. I've avoided it, but I'm grabbing 200 here and selling covered calls Monday at open. We'll see what happens.

It does seem like he is seeking fame, otherwise he genuinely thought it would go up higher, it did rise and drop ridiculously quickly.

He does deserve credit for being who most people on wsb credit for being the first person who pushed gametop as a good buy. Regardless of not selling at the top.

If I remember correctly, he pulled out $14 million at one point and then held the rest.

Not sure... I'm in at 23.23 so I'm gravy. Institutions have been buying it up left and right to the point they are at 55% plus institutional ownership as of this week. If it goes to Lucid... people think it may be the best competitor for TESLA long term. It could go back to PAR at 10$ overnight, but if it goes Lucid it will pop past 80 instantly. If there is no merger by Tuesday next week it will start slowly bleeding off.

I don’t really get the lucid hype. They are behind other EV manufacturers and appear to not have anything unique or proprietary that they are doing that I’ve seen. They are even using another manufacturer’s charging stations.

So everyone’s holding pltr until at least $40 right? Or is $35 more realistic?

I must have tissue hands. I'd be happy with $30

Michael Burry sold all his GameStop stocks before the big gains.

Well it’s almost there in after hours

Sweet. My gains are pretty much maxed at that price. I sold covered calls and kept extending them out. Now they expire 3/5, so I'd like the stock to stay around here for two weeks unless I close out early. I booked about $1000 profit on the calls I closed out already, but I'd lose about $500 if I closed out Monday morning on the remaining position. As the premium decays, that should turn into an extra $500 profit instead of $500 loss if the stock stays above 28. Also sold some $26 puts I'd profit on or double my position with if they get exercised.

I REALLY wish I could wrap my mind around how all of this works. Seems like you are making a killing every week, whether it's straight up trades or the more complicated scenarios like you describe here.

Ha send me a PM in five years I’ll probably still own it. I’ll just keep adding to my pile.

I wouldn't say that, but it's doing ok for me since I started doing it towards the end of last year. Different personalities trade different ways. Buy and hold just doesn't fit for me, but neither does daytrading and watching every tick. Other people here say how they buy something at 20 and now it's at 60. I just try to capture 5-10% moves with position sizes of $10k-20k. If I can average $1k/profit a week I'm happy. I spent 20 years failing at trading while it seemed everybody else was getting rich. I'm up about 40k in 4 months since I started using calls and puts with all my stock positions. It gives me a buffer if I guess wrong on which way a stock is going to go, but it also limits gains. I'm ok with that. It's working now, but whenever you think you win the game, they change the rules.

Here's roughly what I did on PLTR:

On 2/17, it had already fallen a bunch and ARK had just bought in, so I thought it was a good buy.

I bought 500 shares at 28, but sold 5 $28 calls that would expire on 2/19 for $1.70 each. If I held them for two days, that meant I'd profit $1.70 x 500, or $850 as long as the stock ended the week anywhere over $28. Even if it was $50, I could only make $850 because I'd be forced to sell at $28.

If the stock was below 28, the $1.70 per share meant it could fall as low as $26.30 without me losing anything.

It fell to around $26.50 and the calls quickly dropped in value to like $0.40, so I bought them back, making $1.30 * 500 = $650 on that portion of the trade (but my shares were down $1.50 so I was down $750 on them and down overall).

I immediately sold 5 more $28 calls expiring a week later (2/26). They were worth $1.33. The stock proceeded to keep dropping to $25 and those calls dropped to $0.80 like an hour after I sold them. Good enough for me, so I bought those back for a quick ($0.53 * 500) gain.

So I'm chasing the stock down with the options, keeping the original shares, but sort of lowering the basis with each option trade. I immediately sold 5 more calls. This time $27 strike expiring 3/9 for $1.71 each. My thought process on that is that I've already recorded $900+ in gains and if the stock is above $27 on 3/9, I'll be forced to sell at $27 ($1 less than I paid), but the $1.71 effectively means I'm getting $28.71 on them and making another $350 profit.

So if the stock is at $27 on 3/9, I'm out with a $1250 overall gain, even though I initially bought the shares at $28.

If the stock keeps going down, I keep booking profits on the option sales and chasing it down with more options. The only thing I'm doing is losing time. If the stock starts going up, I just wait out the clock, take my profits, and move on to the next trade.

The biggest risk on this strategy would be if the stock moved down like 50% overnight because of bad earnings or something. Then it would move too fast for me to keep up with.

Hopefully that makes sense. I majored in computer science and minored in math and physics. I was really into probability and statistics and this kind if trading seems to resonate with that for me.

Do you own the underlying, or are you running calendars/diagonals?

Thanks for the explanation. Makes some more sense. It definitely seems like you need to be able to consistently monitor the market to make sure you are on top of everything. I am unable to do that though.

On this strategy I buy the shares and sell the calls. I know you can do more complicated things like call spreads and potentially make more with less on directional moves, but I try to keep it simple.

I feel like the market is way too high, so I'm probably 80% in cash at all times, using the other 20% for these trades that typically last a few days to a month tops.

I've been doing just the opposite on stocks that I feel are too high and worth shorting. I'll short 100 shares at say $150, and sell a $150 put for $5-10. That buys me $5-10 of protection if the short goes against me, but limits the gains to $5-10 as well. Those have burned me a bit on short squeezes in PTON and SNOW, but I kept using the same strategy of closing/reopening options and waiting for the squeeze to finish out and the stock to drop back. This is a bit more dangerous. If I'd done it with Gamestop, it would have crushed me.