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re: Diving deeper on Standard Lithium?

Posted on 9/23/21 at 9:27 am to
Posted by Fe_Mike
Member since Jul 2015
3537 posts
Posted on 9/23/21 at 9:27 am to
Tells you how many people still don’t know about this company.

One 10 minute segment on Cramer and hundreds of new investors flooding in.
Posted by GeneralLee
Member since Aug 2004
13875 posts
Posted on 9/23/21 at 9:28 am to
quote:

I saw you post the other day about this strategy and couldn’t have agreed more.

Sold some October $12.5 calls (averaged $18)
Also sold just a few Nov. $12.5 calls … those hit $75 and I couldn’t resist.

Wouldn’t be surprised to see a decent drop next week if there is no new news/releases.


Frankly this is a much better way for those here to nurse their shares to long term cap gains before you sell. Sell covered calls on these huge spikes, but on a short expiration window and at a strike price much higher than the current price. I don't think we're getting to $12.5 by mid October (even with the Tetra PEA), but $12.50 by the November option expiration is a real possibility.

Flipping shares in a brokerage account is just paying the federal government mostly, starve the beast!
This post was edited on 9/23/21 at 9:37 am
Posted by GeneralLee
Member since Aug 2004
13875 posts
Posted on 9/23/21 at 9:28 am to
quote:

I'm pretty sure once this $9 gap fills I'll sell my shares and pile into LEAPs.


Huh? Seems like LEAP's would be really pricey at that point?
Posted by PotatoChip
Member since May 2014
4190 posts
Posted on 9/23/21 at 9:28 am to
Always going to have big profit takers when it runs this much. With the volume at 6 million and trending upward, that’s huge. I was thinking just closing above 8 would be nice.
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:30 am to
quote:

Flipping shares in a brokerage account is just paying the federal government mostly, starve the beast!

Yes. Gotta pay attention to "real gains". Uncle Sam is a hungry motherfricker. Don't know how he stays so slim eating all my pie.
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:30 am to
quote:

Always going to have big profit takers when it runs this much. With the volume at 6 million and trending upward, that’s huge. I was thinking just closing above 8 would be nice.



I was and still am hoping to maintain the post Mad Money bump.
Posted by Pendulum
Member since Jan 2009
7579 posts
Posted on 9/23/21 at 9:31 am to
75% of my position will go long in mid Janurary. I'm not touching any until that comes to pass. I have to imagine it will go lower after cramer excitement dies down, if no new releases.

And I'm ok with that to get to long term gains, it will make like a 17% difference for me.
Posted by GeneralLee
Member since Aug 2004
13875 posts
Posted on 9/23/21 at 9:32 am to
quote:

And I'm ok with that to get to long term gains, it will make like a 17% difference for me


Yeah it's like a 25-30% difference for me as I should be in a much lower tax bracket next year (before I sell a lot of SLI for $20-30/share at least, haha).
This post was edited on 9/23/21 at 9:34 am
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
18305 posts
Posted on 9/23/21 at 9:41 am to
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 9/23/21 at 9:45 am to
quote:

Uncle Sam is a hungry motherfricker. Don't know how he stays so slim eating all my pie.


He's bulimic. Pukes up our money faster than he can eat more.
Posted by Shamoan
Member since Feb 2019
11471 posts
Posted on 9/23/21 at 9:53 am to
Posted by GrizzlyAlloy
Member since Aug 2020
2581 posts
Posted on 9/23/21 at 9:56 am to
I sold my ROTH shares at 8.20. I have a limit order in for 7.50. First time trying this. I'm not touching my brokerage shares that just started to hit long term and will be 100% long by end of January.
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:58 am to
quote:

He's bulimic. Pukes up our money faster than he can eat more.


More laxatives and diuretics. Pisses it away and shits all over everything.
Posted by Shamoan
Member since Feb 2019
11471 posts
Posted on 9/23/21 at 10:04 am to
look fellas, the Taliban army ain't gonna supply itself with billions of dollars of high grade military equipment.
Posted by SouthMSReb
Member since Dec 2013
4612 posts
Posted on 9/23/21 at 10:22 am to
quote:

look fellas, the Taliban army ain't gonna supply itself with billions of dollars of high grade military equipment.


I'm workin on buying them muhfrickas a brand new apache
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11621 posts
Posted on 9/23/21 at 10:27 am to
If I were you I would just trade options around your position. You can sell calls on crazy spikes. However probably not worth it considering the volume right now is very low. A few more 20% days and the droolers will start to notice and pile in though
Posted by LChama
Member since May 2020
2647 posts
Posted on 9/23/21 at 10:31 am to
Those calls will look scary when we close at $9.08 today
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/23/21 at 10:34 am to
I don’t have the balls to sell calls at this point
Posted by LChama
Member since May 2020
2647 posts
Posted on 9/23/21 at 10:36 am to
Yeah talk about a gift toall the longs. Not goin near those now
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11621 posts
Posted on 9/23/21 at 10:42 am to
quote:

GeneralLee



I wouldn't add on a 20% up day
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