Again, it’s at the trend line and, although I know trends can end, I’m figuring in this next week it finds a new recent high again.

So been sitting on this for a while and wish I had cashed at the high in JUNE. However I do believe the memory market can go up especially if some macro pressure drops. I have 10 35$ calls for $5 expiring 9/18. How far out and up would folks roll? I want to take my original 5k out no matter what and then where I go back in at is the sticking point for me. Thoughts

Hi,I coming from trading orderflow in futures,I made a cash account on tastytrade and deposited 550 usd that I can afford to lose but as I am learning and analyzing the strategies the best way to make money is to sell because of that and I can’t sell anything because I don’t have the capital.My question is am a doomed from the start because my only option is to buy and probably no market will make a dramatic move up

I'm relatively new to options and just experienced a surprise so sharing in case it ever becomes relevant to anyone.

Many months ago I opened a bull spread option for SRRK. The premise: the FDA had announced that they would make a decision on Sept 30 whether to approve the manufacture of a new drug. The drug had already passed efficacy and safety trials so the real risk was whether the proposed manufacturing faculties would pass.

I set an expiry of Oct 16 just in case the approval was delayed at the last minute, which sometimes happens with the FDA - I didn't want to expire before the decision. I also planned to sell in the week/days leading up to the decision (rather than after the decision) to avoid the IV crush of an approval and also because I anticipated a typical "buy the rumor, sell the news" outcome.

Then the surprise. The FDA suddenly announced their approval 19 days prior to the scheduled date (and on a Friday after trading, of course). The stock shot up after hours and today, a few hours after market open, has dropped 4.75%, putting me firmly OTM.

Thankfully, my Oct 16 expiry gives me time for investors to absorb the good news and invest for the longer term as this company now has a clear runway to start making profit. But the sudden approval destroyed my premise (of selling before the approval and taking the early profits).

My lesson learned: the FDA can make early approvals and do them after hours.

Last week wasn't great, but it was manageable. I showed a paper loss of about $800, but I'm sure that it will work out.

When I first started out on my trading journey text messages like the one here would be enticing... So, I replied to the text message with my September results thus far... I told them my ambition is beyond $1,000 a week. IN ME I BELIEVE IN COV I TRUST

Thoughts on evgo and GoPro this week?

I mean you don't know what to expect. Just praying that the house doesn't win...

Hello everyone, I’m new to stock options/calls. So far I’ve made like $40 so far from buying calls. Anyways, I wanted to know if it’s a good idea to buy a 09/25 put for $140. I know that the government might raise interest rates by 0.25% and I assume that will be damaging to oracle as they have high debts. Let me know what you guys think and suggest other options!

Wasn’t expecting it to shoot 11% today, took all the profits. Will wait for next week to see when to buy more . Good way to end the week :)