[aby1818]

Rolled 4/21 39p to 6/16 39p for credit of .20. Alvin

[aby1818]

I am holding the same 39s, 4/21 exp, hope I don’t get assigned. Alvin

[aby1818]

Any idea why it drop $2.67 today?

[aby1818]

Amy, love the pictures, thanks for sharing. Alvin

[aby1818]

No Problem. I am just a bit slow. Thanks. Alvin

[aby1818]

Amy, Can you tell me, who is FIDO. Thanks. Alvin

[aby1818]

Amy, that is aggressive, your second set of nvda at the 110 strike. Alvin

[aby1818]

You definitely have a lot of room and it would be an easy roll down as well. Alvin

[aby1818]

Have you close out your NVDA trade. It reports tomorrow after the close.

[aby1818]

Teddi, any idea why FB went down further in after hours, with close to 900,000 shares traded in 12 minutes. Alvin

[aby1818]

I had the 64.50 exp today, will be assigned. Had a chance to buy to close this morning for pennies. I missed the drop at the close, now I will be owning the shares. Not good at all.
Alvin

[aby1818]

I rolled my 73.50 to 72.50, 12/23/16 exp for a credit of .10. Alvin

[aby1818]

Teddi, I did roll out the rest of my FB puts today. I was able to sell 5c FB put for this Friday. It should expire. I didn’t sell my remaining FB, but hoping to do so tomorrow. This should free a lot space for selling puts for next week. Thanks again. Alvin

[aby1818]

Amy,

Well, I was assigned 2000 shares of FB and had a margin call. I was fortunate that FB was up over $4. I did sell 1000 shares at $121.80 to cover margin call. I am not giving up on FB.

Futures is up tonight, might get another up day.

I do get myself in trouble quite a bit by using credit put spread and take margin to it’s limit.

I wasn’t able to sell any more puts of FB at a lower strike, because of not enough margin space and I still have a 1000 share. Owning shares takes a lot of margin v puts. If FB does go up some more and create some room, I will sell additional lower strike FB puts and try to recover that way, as Teddi suggested.

I do see us going higher at least until Wednesday this week. I might recover some and also give me an opportunity to roll my other FB puts. We will see what happens.

As always, thanks for your input.

Alvin

[aby1818]

Dennis,

Prior to getting stuck with the 129P, FB was running up in the 130s, that was prior to earnings. I was banking that they would beat, didn’t expect the CFO would say that ad sale would slow and couple withy added expenses due to expansion. Then they drop over $10 (that day in AH, not exact numbers and been down since).

My account is a smaller account and I like to keep it short term, to generate revenue. I do a lot of credit put spread and mostly weekly.

Well I didn’t act fast enough and didn’t want to roll too far out. I been rolling the 129P just one week out, which I got assigned this Friday.

I will probably be selling FB tomorrow and sell more FB puts at a lower strike to try and recover, as Teddi suggested.

Of course, now that I am assigned, I am hoping FB will open up in the morning. I guess it does not help that I reading all those posting on StockTwits.

My plan now is sell FB shares, determine my losses, and start selling lower strike put to start the long road to recovery. I hope.

Alvin

[aby1818]

Teddi, I got it, it’s 2 transaction, because after btc, my sto will be for more contracts at a lower price. Thanks. Alvin

[aby1818]

Teddi, I get the impression that when you btc and sto, you always do it as 2 transaction, rather than rolling down in one transaction. If you roll down in one transaction, you pay one commission rather than 2 on two transactions. If my impression is correct, can you tell me why? Thanks. Alvin

[aby1818]

Teddi, thank you for providing me with my options. I now have a better understanding of rolling down and adding addition options to lessen my losses. Alvin

[aby1818]

I am interested in the same. Alvin

[aby1818]

Amy and Teddi, thanks for the explanation. I own a lot of PCG in my retirement account, as well as limited amount of DUK, they are both down. I now have a better understanding as to why. Thank You. Alvin

[aby1818]

Why are the utilities so weak in general? Thanks.

[aby1818]

Teddy, can you comment on earnings from FB, price action on after hours, and what you think will happen tomorrow? Thanks. Alvin

[aby1818]

I too was assigned 500 shares at $60.50 and 1000 shares at $58. I am thinking of selling it at the current price and take the loss. This would free up a lot of funds to trade. I could then turn around and sell BMY put at the current price. Even if I get assigned BMY again, it would be at a lower price. Or I could use the funds to sell puts on FB, which it have been working real well for me lately. Right now, I am just holding those 1500 shares of BMY. I definitely should do something with those 1500 shares of BMY.

[aby1818]

Thanks. Alvin

[aby1818]

What is CB? Thanks. Alvin

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