@FicoMike0 wrote:I've been doing soud as well! I think I got $1 a share with a $14 strike, wasn't assigned. I'm wondering if it's reaching a peak? Showing $1.60 for $17 strike, over 9%. Would be high risk of assigment, but the call market looks strong as well.
Well it is cheap, and the premiums are high enough that if the IV stays up, and it doesn't crash too soon, in a couple of months the stock will be effectively free, so I'll keep playing at a very small scale.
Soundhound has a great product, but they are not a big enough company to implament their product on a large scale yet, and rapidly scaling up to do so isn't easy.
If one of the big players took interest, they could easily buy them. Or one of the big fast food franchises could buy them and make it propriatory. Neither of which would be a bad thing for peopole holding shares at the time.
Alternatively, they could just fall flat on their face trying to scale, or a big player that can implament large scale much faster could leapfrog them.
@FicoMike0
I may buy 4 or 5 shares of PLTU for the entertainment value.🤣
It just started last week, and if PLTR doesn't go up on Monday PLTU may worthless by Tuesday, but if PLTR does move up significantly...
@FicoMike0 wrote:I missed soud today, I bid too high. I sold some rcat 8 put for 0.50.
Looking at the call premiums on RCAT, it may be a better play just to buy 100 shares and sell a call at the next strike above what you paid.
I'll have to look at it in the morning and see where it is at, looks like it had a big drop after hours on a bad earnings report, but the Palantir partnership may save it a bit.
I did 3 puts at $17 on SOUN this morning, then it shot up.
I'm thinking of opening and funding a Moomoo account with $2500 in January, just to play with SOUN for a year in its own account to see how far I can get with it without adding more cash.
Could even get lucky on the draw for the 15 free stocks too.
Sitting on the PLTR for now since it pulled back a little, should have a lot of volume next week though, so hope to make a tidy proffit.
Did 1 put at $103 on MU for the tasty premium.
I'll play with puts at high deltas for a couple more weeks, but in January I plan to put a lot more capital into it, so will be easing back to lower deltas in keeping with what is proven to have high success with the wheel strategy.
@FicoMike0
Today was...."fun"...😬
Between the crazy reaction to the Fed announcment, and the MU earnings call, I'm pretty sure I'll be asigned 100 shares at the $100 strike I sold a put for, unless there is a big bounce back.
The earnings call wasn't even that bad, record revenue quarter, just weak guidance for next quarter, but compounded bad with the Fed.
On the bright side, all of the covered calls I sold on monday are >90% in the green, and SOUN and IONQ seem to be weathering the storm so far, so my puts may be ok there.
@FicoMike0 wrote:Good insight, pltr should rise. Maybe double down on pltr put?
Well, turns out getting "stuck" holding the bag on 600 shares of PLTR for a month and a half was a very good thing!😲
@markbeiser wrote:
@FicoMike0 wrote:Good insight, pltr should rise. Maybe double down on pltr put?
Well, turns out getting "stuck" holding the bag on 600 shares of PLTR for a month and a half was a very good thing!😲
I can't let you keep talking to yourself here @markbeiser 
I've been so one track minded recently trying to trade my plan that I haven't set aside time to learn new things. I've never wheeled but the more i read about selling options rather than buying them, makes me want to hope sides and try a new strategy
@Blender wrote:
@markbeiser wrote:
@FicoMike0 wrote:Good insight, pltr should rise. Maybe double down on pltr put?
Well, turns out getting "stuck" holding the bag on 600 shares of PLTR for a month and a half was a very good thing!😲
I can't let you keep talking to yourself here @markbeiser
I've been so one track minded recently trying to trade my plan that I haven't set aside time to learn new things. I've never wheeled but the more i read about selling options rather than buying them, makes me want to hope sides and try a new strategy
Well, with selling options you always get paid, which I like.
It has its limitations and risks, but the only way you ever realize a loss is if you sell shares you get assigned for less than what you paid, which can still result in an overall gain on the trade when you include the options premiums collected.
As I learn more, and get more comfortable with it, I may toy with options buying on a very small scale.
My big win on PLTR was pretty rare.
I got assigned at $78, then it dropped way down on the December fed meeting, and crept back up as the earnings date approached.
I elected not to sell calls on all of the shares that week, so have sold 200 at $90, 200 at $110, 100 at $115, and still have 100 shares.
I've collected close to $8000 in options premiums along the way.
Taxes will be "interesting" for this year...😑
Fortunately half of it was in my Roth IRA.
@Im-back wrote:
@markbeiser wrote:
@Im-back wrote:If your feelin extra sporty I suggest you start playing with MSTR options. Now that SEC has started allowing bitcoin options it like gasoline has been thrown on MSTR. Me, I'm too faint of heart.
I don't know if I should thank you or curse you for bringing up MSTR, but I've been looking into it all day and have half talked myself into YOLOing a 1 week put for 1 contract of it.
The premiums, for puts way below and calls way above the strike price are just crazy...I bought some outright in early October anticipating the election would go the way it did. It turned out ok for me. Sold it all two weeks ago.
I'm out. Too volatile for my stomach.
I finally decided to play with MSTR and bought 100 shares for $333.54 on 2/10 and sold a call at $335 expiring 2/14 and got assigned, so made a quick $1200 on it between the option premium and stock gain.
Bought 100 shares again this morning, 2/28, at $328, and sold another call at $335 expiring 2/21. Lower premium this time, but should be a similar quick profit if it gets assigned.
Probably not sustainable...