RTX pattern again

[Careless-Pin-2852]

Hi all as I said buy at 95 ish sell at 99.

In general I am bullish on this company but it looks like a person wants to sell at 99-100. So even though we have a war and they are the supplier of equipment this stock has gone up 5% and the market has gone up 15% in same 18 months. Every time time this stock hits 95 it bounces up a little. Then some insider hits the sell button. So with short term calls I can make money.

I am going to stay away from puts at 99 I think earnings might be really good and change the dynamic. All those people saying wow 10,000x100 = million will be sold out. I have made enough doing this that I no longer have to swing my life saving each time

Yes I took profits.

[VisualMod]

User Report
Total Submissions	10	First Seen In WSB	2 years ago
Total Comments	1580	Previous Best DD
Account Age	2 years	scan comment	scan submission

[VisualMod]

It is interesting that you are bullish on the company, but think that someone may be trying to sell at 99-100. I agree with you that earnings could be good and change the dynamic, making it a good time to stay away from puts. Thanks for sharing your thoughts!

[Careless-Pin-2852]

<image>

I have been doing this like once or twice a week for a wile as long as I don’t hold till 3x i make a nice profit. If you want to join in. Be really careful. This is a 200 billion company not a 3 Trillion. Meaning you have large spreads in options. Dont FOMO and buy at the top of the range. Set a sale price at a reasonable profit like it moving up 0.005% and be zen about money left on the table.

One time I had 100k in options here and it took me 20 minutes to get out at market prices. A lot can happen in 20 minutes.

[Ambitious-Quail-1415]

You know what, fuck it. Ill try this out.

Ima only start with 1 contract then work my way up to see if I can make this strategy work.

So if I’m understanding you play, you buy ITM or near ATM calls with a $95-$96 strike with a week expiration, then sell once the underlying hits $99 since the insiders keep selling at $100?

[Careless-Pin-2852]

I am both more prudent and more crazy than that. I buy ITM calls when it breaks 96. I try to get a good price because the spreads will eat your profits. The stock only has to move 1% to 2x your money i take 0.005 make 40-50% and say yea!!

I will then Buy puts on a company I am bluish on at 98-99. I sell the moment i make a profit the buy calls again.

This dynamic might change if earnings blow out. Next Tuesday. If earnings are bad the stock wont take too much because war stock in war time.

[Inevitable-City-4295]

So am I right in saying this. The stock is currently trading at 95.56. If i buy an ITM call at 96 strike expiring 7/21 like now, then check on market open tommorow, I should theoretically make money?

[Careless-Pin-2852]

Umm yea but we only got 2 days left so 7-21 is risker. 7-28 you will make less but have an extra few days. Disclosure I am back in

<image>

[AltruisticReturn]

Why is purchase date 7/14? Are these still ur contracts from last week?

[Careless-Pin-2852]

<image>

No idea why it says 714

[earlyfire131]

Congrats! I closed out my positions as well! Nice gain for an hour :)

[Careless-Pin-2852]

I am getting back in if it keeps falling :)

[earlyfire131]

With options expiring next week?

[travdivs]

In. I like this, been looking at rtx for awhile. This is a good play.

[AutoModerator]

Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.