usernamemax20charact said: Thought HABT IPO was for tomorrow. Doh!
IPO priced at $18. Opened at $30. Closed at $39.54.... up $21.54 (119.67%) I am a happy man. I never heard of a HABT burgers until yesterday. They seem to have a really good product and were voted the best burger over in and out burgers. Anyone here from California know IN and OUT burgers have a big cult following and the joints are packed all the time. I think I am am to sell at 50. That will be a nice 15k for me.
dossux said: Looking for an earnings play into SPLK thinking they have a good chance of an upside surprise, over 8% short interest, looking for 15-20c 68.50C... Have a bid in for $1.35; mighta been too slow.
GD, I feel like I'm shitting gold as of late; been offloading my 10 ITM RAX calls last week ($550-$580) but the last one today (after this PM insider buying bump) will net 1000% total percentile gain on the trade. My Target on FIRE too, almost ITM. Nevermind my Whole Food calls bearing down on the RAX for total gain! Holy sheeeeeet.
If F stays above 15.5 at EOD I will have gone from over 130% invested a week or two ago to about 90% and will continue to pare down to around 75% over the next few weeks waiting for the next dip. I am above the S&P YTD including all my fees but not by a whole bunch and if you take into account my tax liability I am probably under it a smidge. Could be worse.....
umcsom said: If F stays above 15.5 at EOD I will have gone from over 130% invested a week or two ago to about 90% and will continue to pare down to around 75% over the next few weeks waiting for the next dip. I am above the S&P YTD including all my fees but not by a whole bunch and if you take into account my tax liability I am probably under it a smidge. Could be worse..... This is the issue with short term trading. Capital gains tax sucks up to 50% of your profit at the high end of fed and state taxes.. So at 50% short term capital gain tax rate (just to keep it simple), you have to have TWO 35% gainers, FOUR 17.5% gainers, or SEVEN 10% gainers (or any combination which yields you 70% short term capital gains) to equal ONE long-term 50% gainer held for at least 52 weeks taxed at 30% (about 20% fed + 10% state) . All of same capital of course: which means ONE long-term capital investment of $1000, but TWO short term 35% gainers EACH ONE with $1000, FOUR 17.5% gainers EACH ONE with $1000 capital, etc. It also means the short term gainers have to be in SERIES, not invested in parallel, because if you invested TWO $1000 positions in parallel each for 35% gain, then that is $2000 in capital which would have been in the long-term position for comparison, not $1000 for comparison.
I think the challenge would to accumulate 70% in short term gain attempting to invest in SERIES, one position closed, then open another, again and again, during one 52 week span. We typically spread out our capital over several different positions simultaneously. If you do this then it is the sum of that capital you must compare to one long term position yielding 50%. But the challenge of finding just one position for a long term play to yield 50% is pretty difficult too.
usernamemax20charact said: umcsom said: SLD to Open 10 F Call F Nov 22 2014 15.50 Call 11/17/14 9:40 AM ET Executed $0.13 SLD to Open 10 F Call F Nov 22 2014 15.00 Call 11/17/14 9:50 AM ET Executed $0.43
I actually hope both get called away. I am decreasing exposure again. Looks like the $15 calls got called away and you're keeping the shares from the $15.50 call?
What's next, sell Dec 5 $15.50 calls for ~ $0.21 or Dec 12 $15.50 calls for ~ $0.26 ? I will see where F opens. I will sell 10 covered calls expiring friday. If it is >15.60 I will probably sell 15 calls so make sure they get called away and get a few extra pennies. If it is under 15.5 I will probably sell 15.5 calls. I just need to see where it is in the AM. no science to it but my goal was to get out of the first 1000 shares > 15.25 and second 1000 shares >15.5. I will still hold 1000 shares. Tempted to hold and also tempted to get out at >16 on the final 1000.
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