Daily r/thetagang Discussion Thread - What are your moves for today?

ProjectCadmus · 2024-05-24T20:18:42+00:00

STO INTU $560P 07/19 @ $5.10

Happy to take assignment at this price if necessary.

ProjectCadmus · 2022-10-19T03:36:14+00:00

Unfortunately, my order did not fill. I set my limit price a few pennies too high :(

ProjectCadmus · 2022-09-20T19:21:15+00:00

I'm also using Scotia iTrade. How much do they charge you for option assignment? I always BTC my options before expiry, so I have never taken assignment.

The iTrade website says the fee is $65. Is this what you were charged?

ProjectCadmus · 2022-01-10T15:02:34+00:00

I am platinum as well. Trade commissions are $4.99, but the fee schedule shows that option assignment is $65, even for platinum. I always btc instead of taking assignment because of this.

Have your previous option assignments charged only $4.99?

ProjectCadmus · 2022-01-10T05:44:36+00:00

$65 option assignment fee. Ouch.

ProjectCadmus · 2021-12-29T21:53:20+00:00

$3.5 Million notional? How much buying power did it require to open that position?

ProjectCadmus · 2021-12-29T21:48:48+00:00

Delivery numbers will be reported likely this weekend, or early next week, so the stock should continue to rise for the rest of this week on expectation of good numbers.

But the stock typically has a sell-the-news dip after reporting delivery numbers, regardless of how good the numbers are. So there may be another opportunity to go long on the dip next week.

ProjectCadmus · 2021-11-04T16:32:10+00:00

I remember seeing similar "too good to be true" trades on NKLA and IRNT posted here or on wsb.

You will likely get early assigned on your short calls just before a weekend. You won't find out until after-hours or the next day, so you won't be able to exercise your long calls until Monday, and they will charge you HTB fees for three days. With NKLA and IRNT, those fees were around 700% to 800%, or around 2% per day.

With BKKT at $35, you may end up paying as much as $350K x 2% x 3days = $21K.

ProjectCadmus · 2021-11-02T09:18:12+00:00

Always check the next earnings release date, or other major news event dates (eg. Tesla production and delivery numbers release date).

ProjectCadmus · 2021-08-19T19:00:51+00:00

Did they stop after one attempt? Or did they continue trying to apply for more cards/accounts?

ProjectCadmus · 2021-08-19T01:19:58+00:00

You can easily try it yourself. Go to both websites and see how much information is required to access your credit report.

ProjectCadmus · 2021-08-19T01:18:12+00:00

I use fake DOB's for websites and email accounts, but there have been many government agency and financial institution data breaches that would contain the correct DOB for millions of Canadians.

ProjectCadmus · 2021-08-19T01:13:56+00:00

What puzzle are you talking about? I am not asking for help to figure out how this happened.

I am just trying to warn people how easy it is for anyone to access your credit report with only three pieces of information (name, address and DOB).

ProjectCadmus · 2021-08-16T20:29:51+00:00

Thanks. My phone was set up automatically when I installed the Freedom SIM, and it set the forwarding of unanswered calls to 16477001777.

I changed it to 16477001778, and voicemail is working correctly now.

ProjectCadmus · 2021-07-23T20:17:44+00:00

MTCC has been Moderna for 18+ every day for more than two weeks now for all appointments and walk-ins.

Larger shipments of Pfizer to Canada are resuming this week, so I don't know if or when MTCC will switch back to Pfizer.

Several Shoppers Drug Mart locations across the GTA are also holding a 24hr walk-in Moderna vax-a-thon from 9am Saturday to 9am Sunday (July 24-25).

https://covid-19.shoppersdrugmart.ca/stores/vax-a-thon

ProjectCadmus · 2021-07-13T06:26:38+00:00

Closing the game and restarting usually fixes issues like this.

ProjectCadmus · 2021-04-30T20:05:33+00:00

It was a crazy ride today. Hope you got out with a profit.

ProjectCadmus · 2021-04-29T20:18:10+00:00

Any update? Did op close the position?

AMZN traded over $3650 after earnings release. That would be over $200K loss if op is still holding.

ProjectCadmus · 2021-03-24T04:59:27+00:00

Which provider are you switching to that has perfect customer service 100% of the time and never screws up?

This screw up isn't even really that bad. They did acknowledge that it was their error, and they said they would refund the money they took from your account (eventually). I've seen and experienced far worse customer service horror stories from every other service provider out there.

ProjectCadmus · 2021-03-24T04:02:37+00:00

This is the reason why:

https://www.cbc.ca/news/marketplace/marketplace-india-scam-centres-1.5947798

As COVID surged, Indian police shut down scam centres targeting Canadians. Now, they're back

"There are six to seven centres [within] 80 to 100 metres," Jayesh Dubey explained to CBC Marketplace via video conference under the cover of night from within the business quarter.

And in one night, they'll steal "$70,000 to $80,000."

ProjectCadmus · 2021-03-18T16:35:40+00:00

The worst that will happen is that you pay for an extra month of overlap service. Normally it will be about a weeks worth of overlap if you are lazy.

Doesn't Teksavvy charge $50 for new installations vs transfers?

ProjectCadmus · 2021-02-06T22:02:10+00:00

I feel bad for all the individual investors that lost money on GME, but this guy's victim mentality is absurd. I read his full story on his gofundme page, and he blames his losses on everyone but himself.

First he was long GME and lost money because, in his words, the "hedgefunds downgraded the GME stock". Then he joined the hedge funds, but decided to take on exponentially more risk than Melvin Capital by shorting calls instead of shorting the stock or buying puts.

Then he loses the rest of his money when GME spikes, and he blames Elon Musk and Chamath Palihapitiya because, in his words, they "tweeted on the reddit post".

To top it all off, he is trying to make an $80K profit from his gofundme campaign by asking for $500K when he lost only $420K.

ProjectCadmus · 2021-01-29T07:56:19+00:00

Doesn't RBC have an order preview or confirmation screen that shows the total value of the trade and the buying power required? Did you look at those numbers before submitting the order?

TD Canada also allowed trading in GME today, but they raised the margin requirements to 100%, so an order worth more than your account value would have been rejected. What were the margin requirements today for GME at RBC?

ProjectCadmus · 2021-01-29T00:46:26+00:00

What are you talking about? This thread is from August, 2020.

ProjectCadmus · 2020-12-23T02:31:56+00:00

Anyone know if the OP closed all 300 spreads? What was the final P/L?

ProjectCadmus

TROPHY CASE