NLOK

[Triplethought]

One case example was me with the TESLA and BABA puts, I was getting way too anxious and constantly monitoring so I got out of the trade. The stress is not worth it and the market always have some other opportunities to take advantage

Still in Tesla and Baba Puts (betting these stocks go down). I followed Astute's lead on that. Interestingly they are both slightly up today despite stocks being up today. It helps to think in terms of: During the next 10 months this trade will swing positive and it will swing negative. I just need to sell when it swings positive. The next trick is to decide how greedy I want to be versus facing the potential of a loss. The last trick is it helps to say "If I lose it's only $1021 (TSLA) and $721 (BABA) per contract.

What I will also say Astute is that given how fast you got out your % gain on that big day was probably more than mine will be riding the horse a bit longer. On my own trades I need to learn to take profits sooner rather than later. With SOL's trades I need to just cool my jets and wait.

[ultramartian]

What I will also say Astute is that given how fast you got out your % gain on that big day was probably more than mine will be riding the horse a bit longer. On my own trades I need to learn to take profits sooner rather than later. With SOL's trades I need to just cool my jets and wait.

With volatile trades like TSLA and BABA maybe it's a good idea to get in and out and in and out quickly whenever there is a big price movement, but that means you need to monitor them more closely.

[AstuteShift]

What I will also say Astute is that given how fast you got out your % gain on that big day was probably more than mine will be riding the horse a bit longer. On my own trades I need to learn to take profits sooner rather than later. With SOL's trades I need to just cool my jets and wait.

With volatile trades like TSLA and BABA maybe it's a good idea to get in and out and in and out quickly whenever there is a big price movement, but that means you need to monitor them more closely.

Yep, too many shills on BABA currently and TSLA buying bitcoin while the SpAC Jesus guy Chamath calling for 1500 price. That’s when you know you’re in a mania, nothing but shills and middle men spewing crap

[ultramartian]

What I will also say Astute is that given how fast you got out your % gain on that big day was probably more than mine will be riding the horse a bit longer. On my own trades I need to learn to take profits sooner rather than later. With SOL's trades I need to just cool my jets and wait.

I don't know if it's just me or anyone else, there has been many occasions when I did not sell the trade, it went down; but the ones that I sold it trended higher after that. This happened to me on DIA Jan 2022 Calls, AAL calls, and several others.

When I was considering whether to buy HIMX calls or BSX calls, I chose the latter. And HIMX popped from $4 to $15, but BSX rarely moved an inch. That's the dilemma you face when you don't have enough fund to deploy every recommended trade by Sol.

[ultramartian]

Yep, too many shills on BABA currently and TSLA buying bitcoin while the SpAC Jesus guy Chamath calling for 1500 price. That’s when you know you’re in a mania, nothing but shills and middle men spewing crap

Yeah, this market is currently not founded by sound fundamentals but by mass hysteria. Hence we need mass psychology to guide us through.

[asifmy]

I got in at $2.36
I'm getting more comfortable with options but I still just buy small amounts.

I am also learning by investing small in Options. Until we put in our feet, we won't know how warm or cold is the water.

SOL keeps us motivating by giving us winners after winners in stock.

Thank You SOL.

[Triplethought]

I don't know if it's just me or anyone else, there has been many occasions when I did not sell the trade, it went down; but the ones that I sold it trended higher after that. This happened to me on DIA Jan 2022 Calls, AAL calls, and several others.

When I was considering whether to buy HIMX calls or BSX calls, I chose the latter. And HIMX popped from $4 to $15, but BSX rarely moved an inch. That's the dilemma you face when you don't have enough fund to deploy every recommended trade by Sol.

I don't feel too bad about those early sales as long as I made a profit. I have sufficient funds but lack the experience and balls. Last year I was second guessing some of SOLs plays. I didn't agree with ANGI because of the extremely poor P/E ratio, with HIMX because of a pending law suit, with Planet fitness because Covid, with USAK because I was impatient and a few others. In most cases I was wrong and SOL was right. So I'm towing the party line more often now. I now have the opposite problem. I've gotten a little ballsy on some of my own plays and fortunately have been mostly lucky due to the upward trend in the market. But... I'm sitting on some unrealized losses on my own plays like MSP that I felt I "knew" because I'm a big customer of theirs. But I've also gotten a few things right and I'm learning fast. Mostly I'm learning no one has a crystal ball and to stay cautious & humble.

[AstuteShift]

I don't know if it's just me or anyone else, there has been many occasions when I did not sell the trade, it went down; but the ones that I sold it trended higher after that. This happened to me on DIA Jan 2022 Calls, AAL calls, and several others.

When I was considering whether to buy HIMX calls or BSX calls, I chose the latter. And HIMX popped from $4 to $15, but BSX rarely moved an inch. That's the dilemma you face when you don't have enough fund to deploy every recommended trade by Sol.

I don't feel too bad about those early sales as long as I made a profit. I have sufficient funds but lack the experience and balls. Last year I was second guessing some of SOLs plays. I didn't agree with ANGI because of the extremely poor P/E ratio, with HIMX because of a pending law suit, with Planet fitness because Covid, with USAK because I was impatient and a few others. In most cases I was wrong and SOL was right. So I'm towing the party line more often now. I now have the opposite problem. I've gotten a little ballsy on some of my own plays and fortunately have been mostly lucky due to the upward trend in the market. But... I'm sitting on some unrealized losses on my own plays like MSP that I felt I "knew" because I'm a big customer of theirs. But I've also gotten a few things right and I'm learning fast. Mostly I'm learning no one has a crystal ball and to stay cautious & humble.

It’s all a learning process and Rome does not get built in a day

Honestly I never look at fundamentals, too much fluff. TA is better but I also try to look at the company and see how MP factors in the company, that helps me to make better decisions.

Think like a trend player rather than a investor

[Triplethought]

It’s all a learning process and Rome does not get built in a day

Honestly I never look at fundamentals, too much fluff. TA is better but I also try to look at the company and see how MP factors in the company, that helps me to make better decisions.

Think like a trend player rather than a investor

I'm trying to. But I agree, I'm trying to learn to fish rather than just eating the fish SOL baits the hook for me on. The ANGI thing really baffles me. I did make some money on that one, just bailed early. I call it "greater fool investing". Even though the company fundamentals don't make sense as long as a greater fool than me comes along and buys it what do I care? I do understand now that ANGI went up for the same reason Home Depot and Lumber did. But I had a hard time when I see a law suit (I've since come to understand that for big companies law suits are more routine and less devastating than they are for me in a small company). I still think it's good to ask "why would AAL go up" or "why invest in PLNT". What I really want to know is "what are 3-5 parameters I should look for to find a good investment". Which is pretty much what every schmuck reading yahoo/finance and seekingalpha are looking for. I still get my eyes stuck on those stupid ads saying "The genius who predicted the housing crash says buy this now"

My time machine strategy (selling puts on stocks that go up sharply over 2 days) has worked pretty well but only because I've been lucky rather than good (and because the trend has been mostly up). One of the 10 puts I've sold was assigned but it's only slightly below market (LAC purchased at $22.50 so I just chose to keep the stock so I didn't have to "realize" my loss.

[Triplethought]

What in the HELL happened to NLOK calls today? We were sitting on massive gains, the stock itself is down slightly . but the call is at 5 cents!! Was it supposed to be $5.00 and some computer monkey fat fingered the price?? what the hell

[Triplethought]

What in the HELL happened to NLOK calls today? We were sitting on massive gains, the stock itself is down slightly . but the call is at 5 cents!! Was it supposed to be $5.00 and some computer monkey fat fingered the price?? what the hell

Huh. Merger talks with Avast. My guess is the option market will settle down when the deal is either on or off. Holy smokes

[Yodean]

What in the HELL happened to NLOK calls today? what the hell ...

Lol, and this is why I stayed away from options trading for well over ten years, until recently - until I kind of verified that Sifu Sol's (SS) options methodology, over a period of time, will more likely than not, put you in the black - overall.

Remember that I said trading in these markets in like being in a street fight and that everyone has a plan until he gets punched in the face? Well, the markets just jabbed you in the nose.

Ironically, NLOK was the first option I purchased in over a decade (not counting selling puts to own strategy). Good thing we took profits on half our position previously at over 100% gains. The rest is just gravy - although very little gravy - at the moment.

[SOL]

What in the HELL happened to NLOK calls today? what the hell ...

Lol, and this is why I stayed away from options trading for well over ten years, until recently - until I kind of verified that Sifu Sol's (SS) options methodology, over a period of time, will more likely than not, put you in the black - overall.

Remember that I said trading in these markets in like being in a street fight and that everyone has a plan until he gets punched in the face? Well, the markets just jabbed you in the nose.

Ironically, NLOK was the first option I purchased in over a decade (not counting selling puts to own strategy). Good thing we took profits on half our position previously at over 100% gains. The rest is just gravy - although very little gravy - at the moment.

it trading in the extremely overbought ranges so this kind of action is normal. The options are not trading at 5 cents. The system was reporting rubbish. The current bid to ask is 2.30 to 2.60. Avast and NLOK could make for a great combo, but nothing is written in stone.

[Yodean]

it trading in the extremely overbought ranges so this kind of action is normal. The options are not trading at 5 cents. The system was reporting rubbish. The current bid to ask is 2.30 to 2.60. Avast and NLOK could make for a great combo, but nothing is written in stone.

Hey Sol,

Two queries:

1) How come the system was reporting the NLOK option at 0.05 for a few days? Is this a common occurence? The current reading in my brokerage account is 4.00, so it looks like it's been fixed. This NLOK option looks like it has a lot of gravy left . . .

2) With respect to default guidelines for taking profits on option trades: after selling 50% of a position, how long do you wait before selling the remaining half, in situations where the remaining position continues to go up and demonstrate >100% gains? For example, for some reason the remainder of my NLOK position is up >90% currently, and if/when it goes over 100% do I sell another half, or just close out the position?

[SOL]

On the 2nd half of our option holdings, we will ride it until the trend of that particular stock starts to shown signs of fatigue

As for option manipulation, it depends on the market markers. If there are crooks there or they have programmed their computers to act in a crooked manner it could happen anytime. The thing to focus is on the price of the option the previous day and by how much the stock has pulled back or taken off. While NLOK Pulled back it certainly did not pull back that strongly to warrant a price of 5 cents especially given how much time premium the option has.