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01-09-2017, 12:04 PM | #556 | |
In Search of a Life
Join Date: Aug 2005
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Quote:
I still get junk mail from the oil companies as they are working their way through Chapter 11. You can pick up Linn Energy-once a $30.00 dividend paying stock-for pennies now. Might be a good play if you can wait 10 years-and If they ever make a profit again. Fracking laws will be tougher this time around for any kind of new American oil boom. Good luck. |
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Posts: 43,200
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01-09-2017, 12:16 PM | #557 | |
MVP
Join Date: May 2001
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Quote:
Doing any calls on banks this week. I have 100, 23 calls on BAC till the 27th. I'm thinking I will probably be out of them by close on friday. |
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Posts: 18,224
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01-09-2017, 01:15 PM | #558 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Looks to me like oil is on the recovery some, There ought to be some values out there. |
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Posts: 57,742
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01-09-2017, 01:41 PM | #559 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
I need to find a few goodies to look at. I'm not big of bank stocks but they certainly will benefit from Trump and rising rates. Do you ever buy any LEAPS? |
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Posts: 52,239
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01-09-2017, 01:45 PM | #560 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,653
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01-09-2017, 03:43 PM | #561 | |
MVP
Join Date: May 2001
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Quote:
I try to stay away from long options as much as I can. I am not a big fan of having a significant amount of money tied up for a long period of time without a dividend. Having said that, they definitely have there place to make money. Been looking long call options on MU at 25 but have not pulled the trigger. |
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Posts: 18,224
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01-09-2017, 05:38 PM | #562 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I have no such options for individual trades in my ROTH that I can tell. Just mutual funds and indexes. |
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Posts: 46,090
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01-09-2017, 05:40 PM | #563 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Some mentioned healthcare and it's actually an area that was fairly stable in 2016 and lagged a bit IMO. Still 20-30% down from its peak in 2015 in many areas.
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Posts: 46,090
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01-09-2017, 05:46 PM | #564 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
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Posts: 52,239
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01-09-2017, 06:00 PM | #565 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Can also be a risky play as many of those companies have high volatility. If this is your strategy, where do you research most of these companies. |
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Posts: 46,090
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01-09-2017, 11:47 PM | #566 | |
MVP
Join Date: May 2001
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Quote:
1yr call options on AMZN at 810 runs 93k for 10 contracts. That seems a lot of capital to me to to tie up for potentially one year with no dividend. Why not just buy cheaper stocks and sell covered calls if you are going to spend that kind of money? Of course you could go maybe further out of the money. Let's say 10 contracts of 900 calls will still cost you over 57k. |
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Posts: 18,224
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01-09-2017, 11:56 PM | #567 | |
MVP
Join Date: May 2001
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Quote:
I guess I consider it more like playing poker. Knowing when to get out. I watch everything like everyone else. I watch the charts daily. I use Worden TC2000. Pay attention to the news. That is pretty much it. Sometimes I will watch afterhours and premarket trading. |
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Posts: 18,224
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01-10-2017, 12:02 AM | #568 |
MVP
Join Date: Mar 2004
Location: Helena, MT
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Posts: 18,614
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01-10-2017, 11:26 AM | #569 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
I'll look for something maybe $50-75 a share that has potential for a $10+ or more move. Oil companies look good right now for some of this IMHO |
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Posts: 52,239
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01-10-2017, 12:12 PM | #570 | |
MVP
Join Date: May 2001
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Quote:
Him and my father do not like the way I trade very much. They think I take a lot of time sensitive risks. I will buy options with 3 days expiration if they are cheap. My call this week of course was a no brainer with BAC. Monday morning I bought in at .36. Just sold out at .58. 100 contracts, 1 day. You can do that addition I m sure. Didn't even make it to the earnings like I thought. I at least thought it wouldn't be till Friday to hit 23. I was wrong, it was today. Don't care too much if I potentially left anything on the table either. I made money. That is the whole point. Trying to make daily money. Not watch an option go up and down for 2 yrs. That shit would drive me insane. |
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Posts: 18,224
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