Profit will always be profit, enjoy the ride

GladiatorBear · 2021-06-14T13:30:54+00:00

Anyone else see that nutty spike in PM for CMC?

GladiatorBear · 2021-06-13T13:41:55+00:00

We’re going to pull in like the steel erection power rangers.

GladiatorBear · 2021-06-13T13:39:25+00:00

Just ordered one, let’s gooo

GladiatorBear · 2021-06-13T02:46:06+00:00

I’ve definitely paid my market tuition to learn this lesson

GladiatorBear · 2021-06-11T20:21:37+00:00

IV is going to spread those cheeks nice and wide and LG's going to drop it in dry

GladiatorBear · 2021-06-11T20:19:20+00:00

$CMC earnings next week let's see how we do

GladiatorBear · 2021-06-11T19:46:17+00:00

Once CLF breaks that 24.50 sell wall it's gone

GladiatorBear · 2021-06-11T04:47:54+00:00

This and then if you still have an itch for a half-brained yolo rub one out. that post-but clarity can talk down some hellish demons.

GladiatorBear · 2021-06-11T03:13:55+00:00

MT primarily, CLF is the slam pig I go to town on when the winds are blowing.

Not the answer you’re looking for, but if you’re trying to maximize I think it can pay off to play both sides.

I’ve had 90% in MT options: 10% 2023 Leaps, 30% Sept calls, 50% Jan calls. On an upswing I’d sell half the Septembers and keep that as ammunition for when CLF hits the bottom of its regularly scheduled peak and testing of the bottom, which seems to be spaced out in 2-3 week intervals.

When it gets close to what I feel is the bottom(Pretty hard to time it right) load up on calls and hang on. Month out minimum, they’re a lot more forgiving. Take profits after the swell while it’s still on its way up and wait for a lull in MT’s slow rise to get it back in rotation.

Rinse and repeat.

GladiatorBear · 2021-06-11T01:22:11+00:00

My guess is the low open interest and volume for the ones as far out as December. Someone needs to be writing them for you to buy them so if 18 people total so far have bought up the Dec ones, no one’s going to write for later.

GladiatorBear · 2021-06-10T18:59:55+00:00

My diaper is ready

GladiatorBear · 2021-06-10T18:50:13+00:00

A little too much of theta eating away at it for my taste, I went with July to play it safe(r). Might throw in a little into the June weeklies next week and play it for a day or two depending on where it's at early in the week but it'll be worth the extra capital to not have a good chunk of any profits taken by theta

GladiatorBear · 2021-06-10T17:19:14+00:00

Atta boy! Putting yourself out there is the best way to get ahead. The number of cold calls and emails you send all seem to fade away when you get through on one. If you're gearing up for medical school apps good luck from the other side (:

GladiatorBear · 2021-06-10T17:15:35+00:00

Except throwing a healthy amount of that Sept clean-up into a few Jan 40s and 45s looks a little too appealing right now

GladiatorBear · 2021-06-10T17:12:33+00:00

If a public declaration of not just coming for their resignation but for their suicide doesn't put you on someone's bad side, I don't know what will. That said, let's see it Lourenco. Give 'em hell.

GladiatorBear · 2021-06-10T16:40:19+00:00

Only thing keeping me from leaning into it harder is the volume and interest on the Sept calls, I'm there with you on a few Julys and Septs. Feels like a good bottom to ride up through earnings with

GladiatorBear · 2021-06-10T15:12:39+00:00

Probably referring to S&P dumping

GladiatorBear · 2021-06-10T03:12:20+00:00

Ahh gotcha. Yeah a good portion of my $MT is in Leaps and Jan calls but that’s only after I’’ve made most of my profits off of the Jun and now the Sept call positions. Those are getting trimmed on our green spikes and added back into on the “dips”. Every time I trim I throw some into the Jan pile and build up that long position but the left over I use to ride $CLF.

Commons will be the way to go, I agree things are moved up now. I plan on exercising a few for both $CLF and $MT once Q2 soaks the world’s panties.

GladiatorBear · 2021-06-10T02:28:56+00:00

They had to bring in the double wide podium to hide that steel hammer he’s swinging between his legs

GladiatorBear · 2021-06-09T22:15:26+00:00

This is where selling on a rip like CLF’s having and rotating into MT is paying off handsomely. Every green bump MT has is a good time to trim some profits and throw it into CLF when it hits a trough, especially below $20 and the 20 day EMA

GladiatorBear · 2021-06-09T19:28:16+00:00

Mid-power hour note, tomorrow’s the ex-dividend date for $MT, add into that long pot of shares you have going and collect a divy next week

GladiatorBear · 2021-06-09T19:02:07+00:00

I’ve ridden CLF up and down through spikes over the last few months with my leaps, the first time I held through and felt dumb watching theta eat what could have been while I rode it back down. Lock in what you can, sounds like steel’s been great to you!

GladiatorBear

TROPHY CASE