the bounce looks sustainable, not pins & needle, just sold this 5-pt bullish put spread, using Nov 19 exp bto 50 strike PUT, sto 55 strike PUT, collecting a premium of $2.34 my target is for PINS to be above 60, on its way towards closing the 61-66 gap
selling a credit spreads (either a bullish put or a bearish CALL) w ~ 45 days to expiration have been some of my favorite option plays. the goal is to have both legs end up worthless at expiration, so I get to keep all the premium that was collected in advance
IRNT underlying fell to $9.75 at the open, and recovered to $11. Bought some warrants to start a position. Average down if it tanks. Customers are legit - us gov agencies, as well as Singapore's sovereign wealth fund (that has $300bn AUM). Revenue is almost non-existent atm, requires some imagination of a brighter future ahead haha.
for PINS, i had also bought a Nov 57/65 CALL spread for a net cost of $1.90, financed by the credit spread (bullish put spread) from which i had collected a premium $2.34 effectively, i have constructed a butterfly spread (a debit spread and a credit spread) on PINS, for a net credit of 44 cents
HX doesn't care about rsi at all, lmao. I cannot believe this has almost gotten to $9. I had the top figured at $5...$6 at the most. At some point it's gotta cool down.
Down a bit this week cos of aehr, but overall market looking bullish. Hope we get the same run as last year from Oct to Feb. A lot of similarities - saas, penny stocks, SPACs, crypto, tsla, all the risky stuff starting to go up while boomers on CNBC scream caution. I think they still going on about inflation. Been in shares and short options only since March. Just started dabbling in warrants and long calls again.
Negative APPS article ytd, went back to check the 5min candle, there was a dip right when it was published and its headline got pumped to news feeds. https://seekingalpha.com/article/4460587-digital-turbine-a-likely-earnings-manipulator I think it's quite likely a bunch of nonsense. Most liked comment from the comment section lays it out:
PayPal Said To Explore Purchase Of Pinterest https://www.benzinga.com/m-a/21/10/23466603/paypal-said-to-explore-purchase-of-pinterest Yes!!
as a result, i have constructed this Calendar CALL spread, using LEAP bto Jan 2013 70 strike CALL sto Feb 2022 70 strike CAL as the rumor keeps on, will roll forward the short leg to a higher strike call at a farther expiration
Unless PYPL increases their price, $70 is the new ceiling. Even when acquisitions are confirmed (like AMD-XLNX), the acquiree still trades at slight discount to the purchase price. At the rumor stage discount should be bigger, unless PYPL increases their price of course. I do think PINS is the best social media site to monetize, but PYPL isn't w/o leverage, they could court other social media companies too.
Got so frustrated watching HX run crazy without me, so I sold all my HUDI and ICD and dumped everything back into my original swing of HX at 9.70. It's normally not good to trade off emotion, but it paid off for me this time (finally). Craziest stock I've seen in a long time, it refuses to cool down....
thanks! luck > clever lol Can't decide where to reinvest. a few other bounce off bottom type recovery plays - GENI, TDOC, CPNG, MELI
