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The 10 Most Recent Messages By TMFTortoise

Take me back to where I was.
  • Date: 4/23/18 4:24 PM
  • Number: 3144
  • Recommendations: 0
Hi Peter,

In addition to Eric's answer, we don't do follow ups on the alternative trades (either from the end of the official alert, or from the weekly SYCS). The official position (which was owned shares and covered calls) is
  • Date: 4/22/18 12:31 PM
  • Number: 22212
  • Recommendations: 0
1. I originally wrote a put (say $500 premium)
2. Had to buy to cover the put when the stock price stood below the strike (say $1,200)
3. Rolled the put to a later period; same strike which then expired naturally (say 1,800

  • Date: 4/20/18 5:24 PM
  • Number: 4726
  • Recommendations: 1
ANET... Currently at $260.65
I used January 2020 for expiration
Buy call at 260 for -$64
Sell Call at $310 for $46
Cost to set up is -64+46=-18

Max Loss is -$1800.
Breakeven is ANET at $278
Max Profit is

  • Date: 4/20/18 5:05 PM
  • Number: 610
  • Recommendations: 3
we entered into the trade based on official recommendations and expect that there will be follow-up on those official recommendations. "Stay tuned" for official word is exactly what we're doing. So far - silence.

  • Date: 4/20/18 4:56 PM
  • Number: 6899
  • Recommendations: 8
Original 4wheel post: I have SWKS May 105 puts, and decided it was time to cover this position. I sold May 97.50 calls

4wheel's initial description is right. The position is equivalent to a covered put.

A covered put is
  • Date: 4/20/18 7:41 AM
  • Number: 12288
  • Recommendations: 3
Last post in thread gets the reply...

All right guys, it's time to move on. Please let this thread die.

  • Date: 4/20/18 7:27 AM
  • Number: 559
  • Recommendations: 0
bigger issues to worry about (like running out of beer)



  • Date: 4/19/18 5:51 PM
  • Number: 45867
  • Recommendations: 1
Hi max,

Tencent is a recommendation in the Fool universe, but not in Stock Advisor.

Sociedad Quimica y Minera de Chile (Chemical and Mining Company of Chile, the lithium miner, NYSE: SQM) is a former recommendation of
  • Date: 4/19/18 5:00 PM
  • Number: 557
  • Recommendations: 0
Any thought about making the January '19 long call (mine strikes at $105) into a syn long by selling the Jan. '19 $105 Put for $7.55 or so? That would offset most of the loss in the long call and set up a synthetic Covered Call when we
  • Date: 4/19/18 4:53 PM
  • Number: 2813
  • Recommendations: 0
Hi Karen,

Welcome to Options!

In addition to Pete's excellent answer, let me add that most recommendations, new or not, include alternative ways to get into the position now. If it's a diagonal call, there's
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Take me back to where I was.
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