$NANO Nuclear Energy (NNE.US)$ if you're down a few dollars ...
$NANO Nuclear Energy (NNE.US)$ if you're down a few dollars in this I wouldn't panic number one because it'll have another cycle but in the meantime they have weekly options you can sell call options against your position the premiums are very good because of the volatility that exists in the stock so if you have round lots hundreds 100 200 500 1000 shares for example any round lot number you can sell calls against your position to lower your cost basis or bring in cash while you're waiting for the next cycle up. they have weekly options I wouldn't go out past this Friday at this point in time again understand by Wednesday at 12:00 the market's going to come to a grinding halt Thursdays the market is closed Friday is a very calm day traditionally the day after Thanksgiving
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Jensen 108 : waiting for opportunity to buy back. sold at 33 last Friday. now not sure waiting for 26+
10baggerbamm OP Jensen 108 : so if 26 is your number then sell a put at a 26 strike price right now for a Friday expiration you'll collect a good premium because the stock is down and if it Friday at 4:00 p.m. it closes at $26 or a penny less you're put the stock at 26 if it closes above 26 you're keeping the premium anyways and your limit order to buy a 26 would have never been triggered anyways so by doing what I'm suggesting you win either way.
right now you can put a limit order to sell at 90 cents for a 26 strike this Friday's expiration and it would take a couple of minutes and you'd be filled at 90 cents so if you sell 10 contracts you make $900 cash right now in your pocket if the stock trades up from here that option is going to expire worthless if the stock is 26.01 on Friday 4:00 p.m. that option expires worthless you keep the premium
Jensen 108 10baggerbamm OP : I'm not familiar with option. never touch yet. thx for adv.
10baggerbamm OP Jensen 108 : my suggestion is you educate yourself because when you sell puts and you sell covered calls you're basically playing the house and statistically people that buy calls and buy puts lose 90% of the time so that means flip it you're going to be right 90% of the time by selling puts and selling calls. at your convenience the little round circle to top of your screen do a search understanding option basics and read it there's videos there's a lot of great information that will take you from completely green not understanding anything to be in a very sophisticated option investor/trader. using options increases the total return on your portfolio significantly and mitigates risk dramatically if done correctly. and if you have questions ask because there's some people on this forum that are very very bright and use options routinely not just to speculate with but to hedge a position to lower cost basis into initiate a position
Jensen 108 10baggerbamm OP : thanks for advice. Will learn and pick up asap.
10baggerbamm OP Jensen 108 : there's no rush investing is a marathon it's not a Sprint although some of these stocks the way they behave you think that they're born they mature and they die all in the same hour of their life cycle because they go from being flat as a pancake to going parabolic straight up hundreds of percent and then right back down again