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SSP

12/27/24 10:01 PM

#477 RE: Theo #476

The late Jim Bishop said this "Don't chase it up. Get it, when it drops back, simply because, THEY ALWAYS DROP BACK, they HAVE to, it is just part of the mechanics of the market maker system, and of course, the inevitable profit taking, and if you aren't taking profits relentlessly, then what the hell are you doing here?"
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ktcougar

12/27/24 10:26 PM

#478 RE: Theo #476

I have a sign next to my computer that says.....Don't be greedy lol.

I can NOT believe
how expensive the OTM July Calls (ALL strikes) are...😳


The Jan $25's closed at .49 today with 873 traded.....way to expensive for me! After seeing the way that was trading I didn't look at the July's.
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Theo

01/14/25 12:53 PM

#490 RE: Theo #476

To maintain credibility, I now have to admit I have also sold all of my April $7.50 Calls as well. I really thought there was a chance that Scotty "might" come through right after the first of the year with news. That didn't happen and I don't see that happening now in the short term either. I stated several times from the beginning of this recent run that I felt there were many "players" involved and it felt like a momo play was fueling the run. It was textbook.

That said, my long position is still intact (and will remain that way) as I have no doubt that we will eventually get the updates we need to maintain double digit pps. Until then, gotta play the game- and I will. I made a nice chunk of change and plan on doing it again. Once the options begin reflecting true value and not the momo price action, I will again begin builiding my portfolio with longer dated just OTM Calls and will add a few more shares as price permits...😉

I sold ALL my January Calls but none of my April Calls.
Momma didn't raise no fool...😉