but hind sight is always 20/20...right now ATRS is just side income selling covered calls...only problem is that the premium used to yield 25-35% annually and now they only yield 15-17%
bc I sold some shares today. 7000 sold at 3.82 but still have 10,200 left. Put the proceeds into 4700 BCRX at 6.21 with 35 march $8 calls and 12 march $9 calls.
I was hungry when I made this trade and messed up. It should have been the BCRX march $7 and march $8 calls instead of march $8 and march $9.
So let's see if my 100 day trade can beat ATRS. My portfolio was 100% ATRS for a few months which was quite dumb to begin with but hopefully both go up
MACD is also trending up. the blue line crossed the red line which is technically good - a signal line cross. I would think the MACD blue and red line could cross the zero line in the next two weeks but the only thing that bothers me is the coming death cross. It'll be interesting to see what happens if MACD crosses positive AND death cross hits. One bullish, one bearish...
So the sell off must be near if you have people like me and best i ever had selling shares... :)
are you the only one still long here? what happeend to the rest of the atrs gang? mofisher, whogo, andre?
i went long this week at 2.17 only 1k shares though...
why dont you just switch to interactive brokers? dirt cheap for equity/options trading. 1.65% margin for 100k+ portfolio account (which you have i'm assuming)
AND one more huge negative thing about scottrade is they charge $17/exercise per assignment which cuts into your call premium by 17c if it were to get assigned
i used to think this guy was an idiot for selling covered calls all the time but now i do what he does lol. i only wish i started earlier.
i got filled a few weeks ago with feb $5 calls at .15 when the may $5 calls were at .25. so i think if you annualize the call premium, the 3 months was maybe a couple percentage points higher than the 6 month may ones. and it's just nicer to have the flexibility of 3 months vs 6 months.
i'm on scottrade and the fees on options suck but they allow me to margin more which makes up for the cost. i believe affirmed is on interactive brokers and they're insanely cheap for everythin
what are you talking about? give me whatever you're smoking. MFI/price has been diverging but A/D line is still low. plus i see 0 volume on feb, may calls. 30c bid at 28 size....not exaclty going to pop
still have the death cross. althought MACD looks like it's heading up. A/D line still kind of low at 3.70s
looks like we hit 3.38 shortly after the death cross hit. so this time we could hit sub 3.50. as soon as that cross forms. I really don't want to see it happen but i'm preparing myself for it.
the only reason i hold this is because i can make 10-15% annually selling calls. I should have started immediately instead of being too stubborn to sell calls.
i dont even want to know what will happen when we get the death cross. hopefully i'll have money to buy some more shares
i'm fine with this range bound trading. I need more shares. i dont expect a huge move until 2015 and until then i'll keep selling calls for 15-20% a year...if atrs didnt have an options market, i'd be out now though
i gave up on ATRS a couple of months ago when we were #$%$ ourselves pre-pdufa and pre SM articles. now all of my shares are assigned with $5 calls for december and $5 february. once december expires worthless, i'll roll into may for hopefully 20c
lets make sure that guy keeps it there until the first tuesday of december and takes it off on wednesday so someone can't sell shares :)