MomentumPython1337 : congrats m8

10baggerbamm OP MomentumPython1337 : I'm trying to buy 800 contracts at different strike prices on DRIP all day long I've been trying to buy them. this is the best Trump trade there is drill baby drill.. and no one's going near it which is fine by me because I want to get these damn contracts filled

10baggerbamm OP : nail up HUGE
options
21.50
YES PEOPLE WE GOT A TEN BAGGER!!!!
1000%

Imatt007 : What strike price?

10baggerbamm OP : 75 July 19 puts sold naked.
still open trying to buy September 128 calls.

104642775 : how much can buy?

10baggerbamm OP : well you have to determine your risk parameters because understand right now this is in a declining trend but there is near-term support approaching and it doesn't always touch those lines that's why I say you put a tow in because if there is a reversal chairman pal for example is speaking today if something is said where he's perceived more dovish all the interest rate sensitive stocks will immediately reverse. and the irony is this Bank stocks and you can look at my post early last week where I told everybody when to enter bnku and DPS in retrospect I made a nice profit but I sold early and they're still rallying so they are highly interest rate sensitive which tells me that at some point these are going to reverse too this basket.

10baggerbamm OP 104642775 : so you see the price you have to decide how many shares you want to buy but you need to be patient this it has the ability to reverse and put $10 on in a day but that's not the trade that I am looking for I'm looking for a multi-month movement back to probably around the 130-140 level

10baggerbamm OP : how I am going to do this is not suitable for everybody but I am going to sell out of the money naked puts so I am looking right now at the 74 July 19 puts and collect 2.10 per contract. and I'm perfectly fine getting put the ETF at 74 I don't think it's going to hit it I think they're going to expire worthless so I collect the premium and I will now commence doing this every cycle of the options to collect the premium because I think we're approaching a bottom. and then I will just like I said put my toe in the water and nibble on the stock I think there's maybe a couple dollars downside from here but I'm willing to take some risk and buy a few shares just to take an initial position