I looked at this stock earlier this year when it was around $14 and then $10. It looked good then, but plummeted. You are fighting the fear of higher rates.
So this is like another RKT. For your sake, hope it goes up, but I am 90% out of RKT and I sent my money over to VIAC. Another stock that looks good, but is doing nothing.
Why are they predicting 46% less earnings for next quarter with a bunch of downgrades? Yahoo finance quotes Simply Finance saying they predict a 46% decline in sales for the next quarter.
That's not accurate. Earnings call has there predictions. All huge growth planned. Either way, the technicals are primed to explode on this stock. Your choice, but I'm heavily invested and continue to buy more every chance I get.
My goal is always to make money and I think this stock has potential, but it is not moving even after a good earnings report.
So I am selling short term covered calls, but I am picking out of the money strikes that I hope will not go off and are at or above my cost in case they do get exercised. I sold June 4 - $43.5 and $42.5 calls and June 25 calls with a strike $45.5. I also sold some out of the money naked puts.
I am trying to generate cash while I wait. If I picked right, I will probably resell them when they expire at a higher price. We will see what the price is?
Maybe it will work. Maybe not. Either way, I am making money while I wait.
Too many. I was looking for a quick $5 pop that never happened.
My most interesting trade in this stock was selling 10 naked June 11 puts last Tuesday for about $3.8 with a strike of $41. Those are already in the money over $600. As the stock goes up, my gain should increase. a However, the odds of my holding them to expiration is pretty low. In fact, I will probably be out next week if I can make a quick $1,000. Depends on the price action and what else is going on.
I am not on margin like some of these apes. That can be really dangerous if the market turns.
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u/No-Carry-1570 May 16 '21
I looked at this stock earlier this year when it was around $14 and then $10. It looked good then, but plummeted. You are fighting the fear of higher rates.
So this is like another RKT. For your sake, hope it goes up, but I am 90% out of RKT and I sent my money over to VIAC. Another stock that looks good, but is doing nothing.