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mphinance

$114.00K

Jan 14

Swing trading $RXRX
@squeezekid showed the $RXRX swings in his awesome post here https://afterhour.com/squeezekid/xJr/the-dollarrxrx-gauge and wanted to share how theta sellers use this info. Scenario: super volatile awesome stock consistently flirts with $6 on the downside and dances with $8 on the upside Solution: when flirting with 6, sell CSPs. No rolling, happy to be assigned at 6, but usually expires worthless. When dancing with 8, sell CCs for 8. Same scenario - ok to be assigned for 33% swing profit, but usually expires worthless. Any shares I have over 100 in my port are "free" reinvested *premiums* from selling theta. I intend for any swing *profits* ($200 at a time per 100 shares) to go into my other favorite healthcare stock this year I'm $HIMS. Will be tracking for any interested, I can pretty it up tomorrow
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RXRX
$788.21
124.717 s
Today
-6.23%
-$52.38
All time
+3.07%
$23.48
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RXRX
-$17.50
-100 puts
Today
-
-
All time
+41.93%
-$5.17
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RXRX
-$55.00
-100 puts
Today
-
-
All time
+7.15%
-$3.67
👍
16
4819 views
Comments (7)
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🎡🎡
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2
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Jumped back on the $6 to high-$7 elevator for my 7th trip in 3 months. Easssy swing.
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1
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Jan 15
This has been fun to swing… started with 1k shares now 1.4k in 2 months….
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I literally just posted saying the same thing. I’m planning on selling CSPs $6 strike at a sub $6 share price. 30-45 dte to max theta decay while still collecting a fair premium.
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2
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Jan 15
Great strategy thx 👍👍
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Jan 15
Why not sell CSPs and buy calls at the troughs, then sell CCs and buy puts at the peaks? Also, seriously why is the chart so obviously regular? ~6-12 days between peak/trough (sometimes as low as 3 days or as high as 17....but still pretty fucking regular). Stock is being pretty obviously manipulated no?
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The real RXRX pro
🙏
1