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Park City Fall 2020
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Ed
12:49
I'm new. What exactly is walk limit and when do we use it? RKT is my 1st MP
Mentor Mike
12:49
sold the 22.5 puts for next week
bought the 19 puts for December
Rudy
12:48
If you can, will you restate the RKT trade Preston did this mourning.  The broker is telling me that the trade can not be done.
Tom Norris
11:36
Thanks Preston!!
Mentor Mike
11:33
Breaking for lunch... we will start back up at 12:40 Mtn / 2:40 Est
Mentor Mike
11:24
Yes!  We talked about it during the break... I think he was hoping to get to it, but spending more time on these new trades.  He will probably spend some time after Maggie this afternoon.
Steve
11:23
Is Preston going to go over the "election game plan" ?
Mentor Mike
11:23
Good to know!  Thanks!
Stella
11:23
You can still get Mergents They have summer 2020 on Amazon
Mentor Mike
11:12
He just started a Money Press on RKT... that is what he had been discussing here
Guest
11:12
does Preston have long calls on RKT?
Mentor Mike
11:10
I think in an account or two he has long calls, in his "WOW Insider" account he has a Money Press on JD
Guest
11:09
Is Preston in any long calls o JD heading into their best season?
Mentor Mike
10:59
If you look at the pricing, it only takes two good weeks of gains to cover the protective put.  So the income should be able to offset losses in the protection.
Pat
10:58
RKT seems quite volatile and if RKT goes up very aggressively.  Would the Long PUT leg loses too much to make up the SHORT PUT leg profit?   THANKS
Mentor Mike
10:58
Who knows.  With rates so low I know mortgage companies have been SLAMMED with refi's and home sales have stayed fairly strong as well.  That might offset some of the missed payments due to COVID.
Guest
10:57
RKT is in the Mortgage bus. and covid has delayed a lot of payments. Earnings are not going to be strong?
Mentor Mike
10:57
You could go a shorter length as P said, but the pricing is so great for March we dodge a little more time decay being out into March
Guest
10:57
why MArch when earnings are NOv 12th?
Mentor Mike
10:48
The Option Alert emails we use to analyze for either a Money Press or just a long call.  We don't trade a lot of them, but sometimes it brings attention to a great opportunity with even more reason to like it with the option activity
Guest
10:47
so with those daily research alters are long calls the main strategy we would consider, based on earnings of course??
Mentor Mike
10:47
Great point Kirk.  If the split is Oct 27 we might be done with it before the election anyway
Kirk
10:46
NEE has been going up just fine under Trump too.  I don't actually expect to hold it into the election.  It's just a split and earnings trade to me.
Mentor Mike
10:46
The Insider Option Alerts are just to draw your attention to unusual option activity.  It can show where big/smart money is placing big bets.  We use those stocks as a "watch list" to just check them out and see if anything looks exciting
Guest
10:45
would like a bit more guidance on how to best use the daily alerts.
Mentor Mike
10:40
Preston is answering this now...
Steve
10:39
This stock is big on renewable energy.  I think the election will have a strong affect on it.  If Biden wins it should go even higher.  If Trump wins, maybe not.  Can you have Preston comment on this?
Mentor Mike
10:25
A few more minutes then we will start back up again!
Mentor Mike
10:12
Absolutely!
Stella
10:11
Can we get the crowbar report too
Mentor Mike
10:11
Yes he wants to hold it at least until the split.  Preston sometimes will stay in the trade longer, but usually we hold until the split date
Guest
10:10
Is preston's intent to stay in this call until day before earnings or split date as Maggie did with AAPL? What is his plan for this trade???
Mentor Mike
10:02
Exactly.  Also, we watch for the "30 Day Low" rule and usually if the option loses 50% of its value we can look to exit as well.
Kirk
10:02
You can just use alerts from your trading platform to let you know to take a look instead of a stop loss.
Mentor Mike
9:56
I'll see if Preston can speak to this... great question which I'm sure others are interested in
Guest
9:56
I bought NEE today. Made $210 so far. Should I use a stop loss for the call. Any guidelines.
Mentor Mike
9:56
Most still charge a little "fee" but they say no commissions.  Instead of $10 it is now nickels and dimes... so still a great savings.
Guest
9:55
isn't it LOW rather than NO commissions
Mentor Mike
9:55
Not sure I understand the question... once he decided on the Dec 300 calls, he just enters his walk limit order to get a fill.
Bill
9:54
his price is locked?
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