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Target Test Prep or Manhattan Prep?
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12/23 Thread (General):
$MSFT is killing it lately 🙄
8/25 Thread (General):
Any wayfair plays? It’s back up to the $190 mark
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Mentor
Sold $8500 worth of SPY calls that had been struggling before the bounce and bought 29 SPY puts for ~$10k at various strikes ($232, $230, $220, $200) and expiries between tomorrow and 5/15. Total of 41 put contracts now. Even if tomorrow is green again I expect Thursday or Friday to be bad as cases increase with more testing. Also have puts on INDA and various EU ETFs and travel stocks.
Mentor
My 401k is down 6 figures but let’s not reflect on that. 😂
Subject Expert
I'm hoping market stays strong into open tomorrow due to the stim bill. After that is when I plan to enter
Thinking 4/30 200p
Bought 8 4/17 @ $190 around the low point mid day...pretty crazy to watch them go UP during the EOD spy rally because of the increase in IV! Stim bill could bring another rally day in which case I’ll buy a few more tomorrow to average down
Bought 2!
Mentor
I couldn’t watch a 9.5% bounce and not grab a couple
What strike and expiration do you target in this environment?
I did $240 strike July 17th as I’m newer to this, interested in here peoples thoughts on Puts in this volatile environment if they go short term or medium term, ITM or OTM
overall i think this is a pretty good gamble as you’re close to the money and IV recently fell off a cliff.
Mentor
bought a couple 220/230 4/17
Coach
Credit put spread?
averaged down on 4/17 $230s. will do the same tomorrow if another green day. also eyeing the 5/15 $220s
Coach
My expy dates are all around mid April and near $200 strike prices
4/24 220p checking in