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10 minutes ago, pecorino said:

I find a stock I want to buy and then either buy it, or if options are rich, I sell a short-dated put to net some premium. You've got to be comfortable not owning the stock if you don't get put the shares. But it all begins the same--what company and at what price do I like?

What constitutes "rich" for you?  Is there some standard amount for options trading? 

And do you do the same thing with covered calls?  For example if you want to sell a stock you already own at a certain price, you will look for an option that meats you criteria?

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Got into BLDP again, too. Started in COST yesterday for about 1/2 a position. Other than that, just have been doing short-term (like, weekly) out of the money covered calls and a few cash-secured puts to raise a little extra cash while I wait for this rotation to end.

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6 hours ago, Pipes said:

HGEN to the moon!

Hopefully this thing has some life in coming weeks. I'd like to think it does but today's high sure didn't last long.

So far risk reward was not that great.  

Upcoming catalysts should be

EUA in USA (hopefully not priced in already)

Good sources of media coverage

results of trial with Remdesivir

interest from other countries, if they could get a surprise country or four, would definitely help

possible sale to a BP

paging @Whyatt

Edited by Dwayne Hoover
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12 minutes ago, Dwayne Hoover said:

Hopefully this thing has some life in coming weeks. I'd like to think it does but today's high sure didn't last long.

So far risk reward was not that great.  

Upcoming catalysts should be

EUA in USA (hopefully not priced in already)

results of trial with Remdesivir

interest from other countries, if they could get a surprise country or four, would definitely help

possible sale to a BP

paging @Whyatt

You briefly mentioned it, but the Philippines allowing the purchase of one dose would be huge.

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2 minutes ago, dkp993 said:
4 minutes ago, BassNBrew said:

You briefly mentioned it, but the Philippines allowing the purchase of one dose would be huge.

Revenue finally!!

I don’t know about you guys but I’m taking that loan out for the pool. We’re rich

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2 hours ago, Nick Vermeil said:

Every crypto stock on my watchlist is up except for RIOT.  

I moved from GME to RIOT and am losing more money over there. Guess I’m getting a free gamma squeeze. 
 

Do we expect RIOT earnings to be bad? That’s the only way it shouldn’t be moving up with BTC 🤷🏻‍♂️.

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5 hours ago, Steeler said:

What constitutes "rich" for you?  Is there some standard amount for options trading? 

And do you do the same thing with covered calls?  For example if you want to sell a stock you already own at a certain price, you will look for an option that meats you criteria?

I don't have a strict metric because the degree to which I want to own a stock varies so, like for TDOC, if I don't get put the stock, I'm not going to be bumming which means I'd be happy with a decent return of that premium. That one is roughly 6% of the cash used to secure the put and the time horizon is under three weeks. That's an easy one for me to pull the trigger on. (6% in three weeks, yes please). With something like PLTR that is very volatile, I may sell some puts and also buy some stock outright to give some flexibility. And, yes, I do sell covered calls on stocks that I wouldn't mind selling but I have soured on covered calls lately. That will happen in a bull market, as huge gains are lost for meager premiums. I don't sell as many covered calls in this environment but, as growth stocks have been beaten down and I find myself wanting to buy them, cash-secured puts are my trade of choice, claiming those juicy premiums and getting the stock if it is put to me.

One thing I will NOT say, which I know bossman has claimed, is that this is "free money". For instance, I sold puts on QS after the dilution and at the time, I was happy with a strike price of $55. It is down more than 15% from that level and that was a losing trade. Now, I am going to be put that stock and I will hold QS, and hopefully it will turn profitable. And, yes, I would have lost even more money had I bought QS when it was trading at $59 rather than selling the put against it. But even so, it was a losing trade so I don't want to paint selling puts as foolproof. But to your original question, I am always looking at one month or less, and hoping to get 5% to 8% ROI in premiums. That, to me, is rich (unless some crazy catalyst / risk is on the horizon.)

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5 hours ago, Steeler said:

 

And do you do the same thing with covered calls?  For example if you want to sell a stock you already own at a certain price, you will look for an option that meats you criteria?

You didn't ask me, but for me it depends.

1. I'm not a big fan of covered calls, especially for growth stocks. The premium is rarely sufficient to compensate for the upside you're selling off. 

2. I will, however, sometimes use them in exactly the situation you described. But...*

     a. It depends on the situation and the stock. If I've been sitting on RDSA for 5 years, and I just want out at $50, there's no way I'm chancing it touching $50 and missing my exit. So, despite having a defined exit point, no, I would not sell a $50 covered call on that.

     b. If I'm sitting on a boatload of PLTR, and I know I'm planning to sell a tranche at $35, but I'm also comfortable holding it long-term, then yes, I might sell $35 covered calls for that tranche knowing it's both my exit point on those shares AND that I'm comfortable if I have to hold a little longer to get there. 

 

*The examples used in #2 are totally fictional and in no way, shape, or form represent real life situations as far as you know.

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3 hours ago, Dwayne Hoover said:

Hopefully this thing has some life in coming weeks. I'd like to think it does but today's high sure didn't last long.

So far risk reward was not that great.  

Upcoming catalysts should be

EUA in USA (hopefully not priced in already)

Good sources of media coverage

results of trial with Remdesivir

interest from other countries, if they could get a surprise country or four, would definitely help

possible sale to a BP

paging @Whyatt

Even in the face of the best Covid top line data to date, there remains a lot of skepticism in HGEN, most of the reasons which were mentioned previously in this thread.

No way the value of EUA, expected sales in US/ex US, and a fully approved drug by the end of the year which will likely have value in helping cancer treatments is captured in today’s closing price.

Just my opinion. I bought more shares this afternoon at $21.66.

I’d tell you to do your own DD, but you’ve already shown to ignore my perspective previously. 🤷‍♂️

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1 hour ago, Whyatt said:

 

I’d tell you to do your own DD, but you’ve already shown to ignore my perspective previously. 🤷‍♂️

Haha, we're on the same team bud.  I don't like your fondness for Adam Feuerstein but I bought into HGEN pretty hard.

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6 hours ago, Nick Vermeil said:

Every crypto stock on my watchlist is up except for RIOT.  

Kinda BS.  It was up like 10% when I checked at like 2AM I think that market opens 😡

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10 hours ago, Nick Vermeil said:

Every crypto stock on my watchlist is up except for RIOT.  

RIOT was up the day before when bitcoin was down a good bit.  Just falling back in line by doing the inverse today I think.

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Ok, I know some of you in here are familiar with DNMR. I bought a small amount as a recommendation but still need to finish the position. It’s getting hammered today after announcing earning. It looks like based on their capacity and growth that next years P/S will be about 10, which for a growth of almost 50% looks really cheap. No idea what numbers were expected or if this is just sell the news regardless.

I wish I held off on adding partial positions over the past couple months as things kept moving down but it does feel oversold (not just DNMR) where buying now could be a great long term win once tech or growth stocks aren’t out of favor.

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I feel like I should jump in on some things but they keep going down. I own some IPOE, SKLZ and OPEN (sold all at $30, bought some back at $29. All down a ton now but I haven’t finished positions. Some are starting to get close to day 1 SPAC merger announcement prices. Lots of others like CRWD and FSLY looking interesting as well.

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2 hours ago, David Dodds said:

Regarding GME:

Major shares were borrowed this morning. I can't predict the markets, but the last time this happened the bad guys drove the price to $120 (It rebounded a day later to $180). 

https://gme.crazyawesomecompany.com/

GME seems really comfortable in the 180-200 channel. I'll be looking to buy if we see another attack on the price. More executives named today as the overhaul continues. 

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I have one account that is just getting killed. Last week I was close to capitulation and just selling off everything but a cooler head prevailed and I decided to hold. Fast forward a week and I’m probably down another 10-15%. I guess I ‘ll keep holding (you can’t lose if you don’t sell for a loss) but does anyone have confidence any of these will ever recover? Here are my total losses so far on these dogs.

 

ZOM – 16%

UWMC – 14%

PLTR –13%

BNGO -27%

CPNG – 6%

 

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3 minutes ago, NajehHejan said:

I have one account that is just getting killed. Last week I was close to capitulation and just selling off everything but a cooler head prevailed and I decided to hold. Fast forward a week and I’m probably down another 10-15%. I guess I ‘ll keep holding (you can’t lose if you don’t sell for a loss) but does anyone have confidence any of these will ever recover? Here are my total losses so far on these dogs.

 

ZOM – 16%

UWMC – 14%

PLTR –13%

BNGO -27%

CPNG – 6%

 

Do you really mean "ever" or in 3 weeks or something? I only ask because most in this thread get fed up after a month of holding something without 300% gains.

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1 minute ago, McBokonon said:

Do you really mean "ever" or in 3 weeks or something? I only ask because most in this thread get fed up after a month of holding something without 300% gains.

Good point. It's money in an IRA that I can't touch for 15+ years. So in true reality 15 years out but I guess I really mean in the next 6-12 months.....

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5 minutes ago, NajehHejan said:

I have one account that is just getting killed. Last week I was close to capitulation and just selling off everything but a cooler head prevailed and I decided to hold. Fast forward a week and I’m probably down another 10-15%. I guess I ‘ll keep holding (you can’t lose if you don’t sell for a loss) but does anyone have confidence any of these will ever recover? Here are my total losses so far on these dogs.

 

ZOM – 16%

UWMC – 14%

PLTR –13%

BNGO -27%

CPNG – 6%

 

I'm in and down on UWMC. I'm holding a bit longer. Everything is getting smashed and I think this will rise soon. I should say I "hope".

Can't comment on the others.

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Just now, NajehHejan said:

Good point. It's money in an IRA that I can't touch for 15+ years. So in true reality 15 years out but I guess I really mean in the next 6-12 months.....

6-12 months is really still very short term, so it's hard to say.

I don't know ZOM at all, BNGO is a promising spec but it's a spec, so it could take a while, I don't like any mortgage lender really but at least UWMC will pay you a fat divvy while you wait, PLTR, I dunno, seems to be getting hammered along with all growth. CPNG is interesting but you'll need to navigate lockup expirations probably (those aren't always bad). They lose most of their advantages if/when they try to expand outside of Korea (logistically) but it's growing fast. 

Depends on the rest of your IRA, like if you have some bedrock stocks along with these.

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18 minutes ago, fruity pebbles said:

With as much as rates rose this morning, I’m surprised the market is holding up as well as it is. I would have expected a full tank in the Nasdaq particularly. 

I’m a bit confused on why rates going up affects the Nasdaq more than other stocks.

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13 hours ago, Dwayne Hoover said:

Second largest holding is PRNT (Cathie's 3d printing etf)

Hmmmmm

Definite pass on this one for me

🤷🏽‍♂️ I'm in for ten whole shares

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23 minutes ago, fruity pebbles said:

Rising rates discounts future earnings which is a big component of a lot of tech stocks and their future growth. 

When interest rates rise it will cause these short term price movements and create long term opportunity to get into some names you never had, or wanted to add too.

At some point rates will stabilize and the adjustment to the economy will take shape and people will keep consuming long term. 

If you believe in this....you invest in this. For the long term. 

If you are overweighted like most people are in names like AAPL, AMZN, GOOGL, NFLX, FB etc etc. This is a great chance to take some profits and rebalance your portfolio into more defensive names. There has already been a clear rotation into value stocks.

Here are some names to consider to diversify your portfolio:

 

BA

CAT (has had a monster run but nibble here)

EXC

GIS

MCD

PEP

KO

PM

RTX

LMT

T

VZ

WMT

AMT

BMY

DEO

NKE

LLY

DE (it has had a monster run so I would nibble here and wait for a pull back to take a full position here)

CMI

GCV

MDU

PEO (to have a nice diversified oil/energy portfolio)

CVX - if you want to own big oil and own the stock

XOM - ditto

CYBR (has come down and this is a great cyber security name that has a nice upside from here)

GM (I am for the first time in a very long time saying yes to a car company. GM is well positioned and poised for a major multiple expansion over the next decade this is a great entry point IMO).

ADX - (A great growth closed end fund if you do not have a lot of funds to spread out. If you want to own big tech and some other great blue chip growth names....take a look at this fund)

 

Of course wee have a highly speculative names here:

 

BLDP

QS

Those are my top picks in hydrogen and EV.

 

Edited by Todem
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42 minutes ago, Texas Football said:

I'm in and down on UWMC. I'm holding a bit longer. Everything is getting smashed and I think this will rise soon. I should say I "hope".

Can't comment on the others.

I'm holding UWMC, mostly because I've actually liked using the company. Also the numbers look good from my pov.

 

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1 minute ago, Todem said:

When interest rates rise it will cause these short term price movements and create long term opportunity to get into some names you never had, or wanted to add too.

At some point rates will stabilize and the adjustment to the economy will take shape and people will keep consuming long term. 

If you believe in this....you invest in this. For the long term. 

If you are overweighted like most people are in names like AAPL, AMZN, GOOGL, NFLX, FB etc etc. This is a great chance to take some profits and rebalance your portfolio into more defensive names. There has already been a clear rotation into value stocks.

Here are some names to consider to diversify your portfolio:

 

BA

CAT (has had a monster run but nibble here)

EXC

GIS

MCD

PEP

KO

PM

RTX

LMT

T

VZ

WMT

AMT

BMY

DEO

NKE

LLY

DE (it has had a monster run so I would nibble here and wait for a pull back to take a full position here)

CMI

GCV

MDU

CYBR (has come down and this is a great cyber security name that has a nice upside from here)

GM (I am for the first time in a very long time saying yes to a car company. GM is well positioned and poised for a major multiple expansion over the next decade this is a great entry point IMO).

 

Of course wee have a highly speculative names here:

 

BLDP

QS

Those are my top picks in hydrogen and EV.

 

Doing God’s work here Todem. 

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35 minutes ago, fruity pebbles said:

Rising rates discounts future earnings which is a big component of a lot of tech stocks and their future growth. 

I get that but why does it affect them more? I get that tech stocks had just run more than the rest and a rotation was going to happen and at some point it will likely rotate back. I’m just not sure why inflation wouldn’t have the same affect on all stocks with the thought being that dividends for example not being as worth the risk when I can get a CD for the same interest rate.

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14 minutes ago, Capella said:

There was a PR today about some good news (allegedly good) but I dunno. This stock is so insane nobody can really figure it out. 

Up over 25% now!

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