verticalized verticals

If my delta1 trades weren’t working so smoothly I would’ve liquidated my ZOOMFLY today.

Flies can go from a wash to realizing profits so quickly. Once again spot is testing my lower wing ($360). Today’s price action is almost EXACTLY what I needed to happen to save this from washing. The volume that accommodated the move is also a tell tale, ZOOM wants to go up a bit more (hopefully). Most likely will exit tomorrow. Fly is currently quoted at $3.20
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mac said:
Yes,very nice pop.
I don’t do flys. The volume was just average today, didn’t convince me.but I didn’t act on my instincts.
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huh?

first off, volume wasn’t average, in fact it was the opposite.

secondly, you don’t need to trade a fly, you can do any combo you want
 
.sigma said:
The concept of return on capital on TIME is on my mind. Year after year I sell for a profit. Yet it’s always almost extremely too early, with my stock trending up for months on end, while I’m penny pinching reallocated profits to other extremely early triggers. So this year I said screw it, I’m not selling. I will only sell if the low gets taken out. But as long as I have a profit, I’m just going to hold. Unless the situation warrants it, I’ll liquidate.

^^^^ referring to my stock trades obvi
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It is so hard to know how far a run will go without a meaningful correction. This is the power of scaling. Scaling strategies could be weighted towards statistics on historical data or by one’s assessment of trade quality, where perhaps a new and particularly compelling fundamental development would have a different scale out strategy than a purely technical based trade, for example.
 
.sigma said:
First trading week of 2021.

Current Positions:

QTT - $1.62
GLG - $1.58
NNA - $3.20
SFL - $6.06
CRTX - $27.76
QIWI - $10.50

Some other stocks I'm not in but keeping an eye on:

$BEST
$VITL
$BXRX
$TEO

Two huge winners that closed the year was RIG and BTU.
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Quick update.

I'm liquidating GLG, NNA, SFL at the open today. Holding the rest for now!
 
.sigma said:
huh? walk me through this? Why would you trade options in this thing?
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When I go long a stock I always have a hard time deciding when to sell. Looking at the options chains in this one I see in the 156 DTE to the $7.50 call is trading for $0.20. If I buy the shares at say $1.36 my basis is now $1.16 and I can use the 156 day window as an opportunity for it to run. I'm it ends up called away at $7.50 a share in 156 days I'm happy with that outcome and made a good return. Example I bought RIG a few months ago below $1 and shorted the $3 call against it on a monthly basis. I've sold that call three times now and it looks like this week it might finally get called away but It's been a nice profit.
 
caroy said:
When I go long a stock I always have a hard time deciding when to sell. Looking at the options chains in this one I see in the 156 DTE to the $7.50 call is trading for $0.20. If I buy the shares at say $1.36 my basis is now $1.16 and I can use the 156 day window as an opportunity for it to run. I'm it ends up called away at $7.50 a share in 156 days I'm happy with that outcome and made a good return. Example I bought RIG a few months ago below $1 and shorted the $3 call against it on a monthly basis. I've sold that call three times now and it looks like this week it might finally get called away but It's been a nice profit.
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interesting! I was also long $RIG from 0.80c, one of my best trades last year! But didn’t even think to sell a call against it! I’ll look into this
 
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