I started trying to sell some covered calls, as I'm on the fence about the direction of this market, and I like to scalp on both the entry and the exit where I can. So many things are screaming ai bubble. Not looking forward to paying the taxes in case I have to sell the stock, but there are worse things. I put in a limit order Sunday night to sell a contract of GOOGL at $10.26. High of the day was $10.25. I shit you not! I moved my strike price up $10 and I'll try again tomorrow for a Nov 7 expiration, at a more modest sell price. I know earnings are hitting on Wednesday...not sure if there's insider buying afoot, or just plain FOMO. PE of GOOGL isn't ridiculous, but any PE can go down with the tide.
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I adjusted the order and bought at $651.
B2FiNiTY
Active member
exactly. too hard to time though. the way you are doing it will be less regrets.
20+%YoY rev growth at a 24.5 PE in a 1.7T market cap - I’ll buy that all day long
morekaos
Well-known member
I never put a limit order on an exact even amount. The book will have 1 million orders sitting there, right on that spot and your order could get crowded out or missed.I put in an order for META at $650
It fell to $650.17 then rebounded
momopi
Well-known member
You may or may not have executed this morning…if you were at $650.10 you would own it now.
I adjusted the order and bought at $651.
momopi
Well-known member
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momopi
Well-known member
Not really looking to own more META, but if someone wants to pay me $8.64/share for the peace of mind of knowing I'll buy them @ $610/share for the next week and a half, I'll play. Placed order last night, executed during the opening hustle. That said, the next technical support point for META is down around 584. Futures aren't moving in my favor right this moment, but at least I'll probably keep the whole premium for my GOOGL covered call that expires this week.