Insofar as all of today's volume was a mere 5.6k, I don't think I would be that impressed with you dollar profits. I move hundreds of thousand of dollars a trade and my typical profits can range from 10 or 20k on option positions and more on stock trades. One in particular is sitting on 104k in unrealized gain that I will likely never convert to realized. I keep writing covered calls on that position and raking in premium. It's a 5G play that trades at 134.25.

That's how Moe rolls. If you ever want to talk more about is, see you over at the SWKS board.

Really? Cuz there so much lower to go???? Trash is as trash trades. Untouchable at any price!

Bid go bye bye!!

Zippo! Look art your bid, No matter the volume, spare as it typically is, it will always be at no bid!

Not a consideration. I am playing a short vol strategy heading into earning whereby the one immutable fact is that implied volatility craters immediately after the release. Because IV is elevated ahead of a release, premium is pretty rich thus allowing you to create a net credit position on both legs going short on the short strikes. A condor is a non-directional trade whereby you are simply betting a stock will remain within a range as determined by the bid/ask on a strangle just before the release. ZM was trading at 207 ahead of earnings and a strangle was about 15 and change at 207/208. I used that range to set the condor 207(-15) and 207(+15) or 190 to 225.

As far as where it goes, I really don't like trying to win that bet. It is a very binary strategy and I simply am not that good and at seeing the future. With condors, the only thing I know is that IV collapses after an unknown becomes a known and you want to short that feature. Condors are the perfect strategy for that because you simply can't lose both bets. Impossible. If the trade violates one leg, you use the premium you already have in your pocket to adjust the leg that the underlying violated by either going out in time and up or down in value.

Anyway, that's the way I play earnings as do most professionals. I am out of I am out of posting right for today. Talk at ya next Monday if you need any clarification.

But if I had to guess...I would be cautiously bullish.

THX

It's all good.THX

Sorry, you say something? Oh, guess it wasn't important. Another successful condor.

Condor is safe and expires today. Just need a close above 190.00 to win both bets and pocket 3450.00 before comms.

You have shot your credibility wad years ago so what you want. I believe the folks I spoke to and received email from and I owe you nothing! Whomat, be well my friend.

Take care.

Yes they are!!!!!!!!!!!!!!!!!!!!!!!!! I heard it from more than one source.

Good luck!!!!!!!!!!!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156024583

You owe it to yourself to voir dire Retireme.

Selling only. Some brokers are removing shares like Etrade and that makes this junk untouchable.

Just sayin.

Indeed. I've been writing covered calls on both position and dragging in some nice premium out to 150 and 160 for both holdings out to Year end. Never hurts to pull in premium when a long position gets a little over its skis. I hate selling stock but love to sell calls when appropriate.

Good for you. But for anybody interested in a little risk-on strategy, the fact that some brokers are canceling positions in GNCP is enough to put a chill on exposing risk capital to this junk. This is made even more of a proper conclusion by the literally hundreds if not thousands of stock that are bouncing hard off their March lows especially in tech.

One of my positions hit a low of 68 and is now trading 127.87 2500 shs
while another was down to 56 now 109. 2000 shs. In just these two positions I am up 253k

Since I cannot see the future and have no way of knowing which way this will go, one thing I do know is that volatility will crater when an unknown becomes a known. So short vol like there's no tomorrow. Been working wonders for years.

Put spread 190/185 call spread 225/230. Condor net credit 2.30 going 15 by 15 expiry June 5th/.

BOVINE EXCREMENT!!!!!

From Etrade:

OTC Pink - No Information
GNCP GNCC CAP INC COM NEW
Technology : Computers, Phones & Household Electronics

Is this a glitch or are they about to enter Cloud, 5G and IOT space like I have been suggesting they do for months?

Sorry, couldn't help myself.

LIQUIDITY AND CAPITAL RESOURCES paint a fairly grim picture.

I am long when I buy something usually with holding periods of more than two years. This stock flounders here for a year before it sinks below a buck if not sooner. Dilution is certainly in the cards.

Glad I avoided this stock.

I'll stick to stocks that cost north of 80.00 a share.

NXPI
SWKS
FFIV
ROKU
AAPL

To name a few.

Out!

Sad trash traded what today? Zippo! Bid Zippo! How much is your settlement from Nekkid Shorters.

ZIPPO!!!!!!!!!!!!!

Buy on the rumor, sell on the news. General rule yes, but it is pretty reliable.

But that's his retirement fund. Is there no hope? What about the transfer agent? Can't they come back and say it was all a bad dream?

This is an outrage.

Oh ye of little faith. You have heard of the workforce on Mars I trust? The limits of credulity are no match for this bunch.

I gotta tell ya, the volume or lack thereof as it were, says to me no one is buying this Naked Short BS or how in the world any benefit will accrue to shareholders of this dead stock stinking.

Don't. I was going to compare the action of all of about 800.00 traded today like watching water boil but clearly I was being too generous. More like watching water evaporate on a cold day.

Prediction, no bid for the rest of the year. And you GNCPers are getting sqaudooch from any bullshit settlement, imaginary or otherwise.

Book it!

Oh Gawd!!!! Hopeless.

Not much else to say.

Alert me when they start the opening arguments and list the defendants. I will be monitoring mainstream media for this earth shattering news. As of right now, crickets from any respected news outlet.

You'll be here in a year with a brand new turd hunt. I'll check back then.

Where do you guys find these Loonie Toonie Conspiracy websites???? Horry Cwap!!! Let me know when Bloomberg, CNBC, The WSJ or even Fox Business picks up this eleventy trazillion dollar lawsuit supposedly in the works that nobody but these cheesy conspiracy websites seems to be aware of.

LOL

There is a remedy to avoid being delisted but it speaks to the willingness of Chinese Companies and more importantly, the CCP, to allow for more oversight.

The bill would require Chinese companies to establish they are not owned or controlled by a foreign government. Furthermore, they would be required to submit to an audit that can be reviewed by the Public Company Accounting Oversight Board, the nonprofit body that oversees audits of all U.S. companies that seek to raise money in public markets.

Furthermore, there is a 3 year provision that companies will need to comply with. If they fail to allow oversight in three consecutive years then delisting. Also, delisting does not mean they go away. In fact there are many exchanges that would love to have these companies trade on their exchange. The Hong Kong Exchange is as robust and likely will surpass the NASDAQ before too long.

I think this may be the reason you are not seeing this sell off like there is no tomorrow. Sure they may go down briefly, but they will recover and continue to trade and no, pensions are not going to get wiped out.

Nothing burger.

Great article and yes, BABA Shareholder should be concerned.

https://www.marketwatch.com/story/senate-could-vote-on-bill-that-could-delist-chinese-companies-from-us-stock-exchanges-2020-05-19

LOLO. OMG you are so off your rocker. And this junk is at no bid???? That dog don't hunt and you know it!!!!!!!!!!!

Better question is who would buy their "claims" when yo can get some nice ones on ebay?

https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1311.R1.TR4.TRC1.A0.H1.Xgold+mining+claims.TRS0&_nkw=gold+mining+claims+for+sale&_sacat=0

OMG, why aren't any of you true believers buying???? I feel ya. I wouldn't buy this junk with found money either.

I think pigs will be building quantum computers before this stool does anything.

Interesting options action.

(GNCP):NEM, a real mining company is up 53% YTD. How's your imaginary gold company doing? Still no bid? Ah, that's a shame.

Wow, really sad story for this "stock". But on a happier note 4 of my stalwarts are up as follows:

+6.20 @ 112.43 2000shs 15 Covered call @ 150.00 strike
+9.33 @ 99.78 2000shs
+3.24 @116.62 1500shs 10 puts short 75.00 contract and 5 puts short 80.00
+2.09 @141.63 1500shs

Little shy of 42k unrealized gain just today.


Poor little GNCP. $50 of total volume and mgmt MIA.

Seems you have a pretty good handle on this stock. Can you possibly shed some light on what happened during q4 2018? Huge spike in revenue and thereafter everything sort of cratered.

A cursory review of filings and news gave absolutely no color as to what events took place that could have caused such an aberration in this out sized move in one quarter relative to quarters leading up to this one quarter and subsequent quarters thereafter. Very odd and somewhat off putting.

I think you might get a sense based on "my stocks" and posting history that I don't fuck around on putting large amounts of capital in play typically north of 50 to 100k on some positions. This one has me a little nervous about going that deep on the bid given that strange reporting quarter.

Anyway, I am exactly the type of player this stock needs to court but so far, I aint feelin it.

Anything you can share will help me at least take a nibble.

Anybody run basic chart with the volume overlay? Looks like the smart money came and went. Untouchable until something real from the company about the future. Earnings alone are a non starter inasmuch as they are typically nothing more than a post-mortem. Unless there is something solid coming out of guidance, this shit is blackened toast.

I couldn't trade without them. I own some big positions in some very expensive stocks. I am always looking to rake in premium when they get a little over their skis by selling calls. Did that last week with SWKS and NXPI. I own 2000 of SWKS and 1500 of NXPI. Last friday they were going parabolic so I sold some long dated calls and raked in about 25,000.00 of premium. Took off one cover off on NXPI for about a 3300 gain. Not bad for 4 day of trading.

NXPI JAN 21'22 $140 CALL NXPI 220121C00140000 500.00 5/13/2020 5/8/2020 4,496.56 2,803.33 1,693.23 60.40 %
NXPI JAN 21'22 $140 CALL NXPI 220121C00140000 500.00 5/13/2020 5/8/2020 4,496.56 2,803.33 1,693.23 60.40 %

Pull up a YTD chart on these two. Wild ride but they are bucking the trend on the broader market. Both heavy Tech by the way. I have held both for going on 4 years and have probably pulled in more that 120k just selling calls when they get a little frothy. I will likely never sell the stocks. And they both pay dividends!!!!

Anyway, my posting limit is done for today. Take care and be careful with this one.

I know, odd that a cellar dweller like this even has an options chair let alone one that you can actually use to leverage the underlying. For me, I don't like the risk structure of having too much money tied up in a sub 5 stock that could easily become a loss. On the other hand. a 2.50 call is a mere .40 Jun19 expiry with 8000 plus in open interest. Not going to lose too much sleep going 50 or 100 bid on a .4o to .45 position. The upside is substantial if this thing in fact pops above 3 or 4 post earnings.

I can get 1.15 today. Look at the Jun19 2.50 put. The inside bid is 1.35.
Selling that front month contract would put my basis at 1.15 on assignment. If the stock closes even one penny above the 2.50 strike, I pocket that premium free and clear and don't have to take the shares. On the other hand, if the stock closes even one penny below the 2.50 strike, the share get put top me at 2.50. My net basis is 1.15 (2.50 strike less the 1.35 I pull in by selling the 2.50 today at a bid 1.35). Good volume on those contract so it would be easy to open a naked put.

Or, here's where guys like me make money. I can even go synthetic with a bullish risk reversal by selling the Jun19 1.00 put contract for .25 and buy the June 1.00 call for .85 putting my net basis at .60 per share effectively. I own no shares but can set this play at whatever notional I want. I want the notional value of 10,000 share, I set the trade 100 contracts by 100. Cost me right at 6000.00 instead of trying to buy the shares outright at 15,300 at the current market.

That's how Moe rolls.