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supadave3
LSU Fan
Baton Rouge
Member since Dec 2005
23450 posts

re: Is anyone following WorkHorse ( WKHS )?
I saw that they received a $200 million grant from someone too on the 12th. The stocks fell pretty hard yesterday. I don't know what to think about today,


1234567k
LSU Fan
Baton rouge
Member since Nov 2015
1590 posts

re: Is anyone following WorkHorse ( WKHS )?
I saw Roth dropped his price target from $33 to $27 Which seems odd.
If Wkhs does not get the bid the stock will crash so maybe Roth thinks Wkhs will only get 25% of the bid idk


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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
quote:

Dangit .. I was supposed to be buying a car today with my winnings....
My wife is pissed !
Somebody better fix this $&@" now !


Don’t take this as a criticism or a dig, but whether you’re investing or trading, when you start referring to paper profits as “winnings”, you’re starting down a dark, slippery path.

Just sayin’. Good luck and I hope the car (and wife) situation works out.


1234567k
LSU Fan
Baton rouge
Member since Nov 2015
1590 posts

re: Is anyone following WorkHorse ( WKHS )?
Lol
It's just a joke
But I appreciate the advice


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
Cool. It’s the wife situation that concerns me. My (formerly) married friends tell me that’s the fastest way to give up 50% of your winnings.


el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
42919 posts
 Online 

re: Is anyone following WorkHorse ( WKHS )?
If I’m bagholding workhorse and dphc y’all think it’s a good idea to get out and put it in something that’s gonna make money?


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
Depends. Are you in them as trades or longer term investments?


el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
42919 posts
 Online 

re: Is anyone following WorkHorse ( WKHS )?
They’re both kind of sketch so ideally I would get out when they hit 30 again

But that may never happen


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
So it’s more of a trade? If 30 is the price at which you’d ring the register, *maybe* consider writing a 30 strike covered call for some or all of your shares. The Oct. 30/ 30 call is going for about .65 right now. If it hits, you collect $65 (minus fees) for each 100 shares + $3,000. If it doesn’t, you keep the premium and reduce your cost basis each time you do that. Just throwing out an idea.

And take into account that WKHS announces earnings somewhere around the first part of November.


el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
42919 posts
 Online 

re: Is anyone following WorkHorse ( WKHS )?
You should make a thread on how to do options because I feel like most of us have no idea


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
Thatguy777 is someone you want to follow on here if you’re playing the long side of options or thinking about it. I’m almost exclusively a seller of premium. But we both look at probabilities and risk/reward.

But some of these basic selling strategies (like covered calls) won’t get you in trouble, AS LONG AS you have a plan for what you want to do going into the trade. Always ask yourself what’s the worst case scenario, and if you’re prepared for it to happen. Course, a person should do that when buying a stock too.

Check your account to see if you have covered call (or even cash covered put) approval. It’s easy to get.


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
24256 posts

re: Is anyone following WorkHorse ( WKHS )?
here is a good online education program on options

LINK


LSURN98
Jupiter
Member since Oct 2019
448 posts

re: Is anyone following WorkHorse ( WKHS )?
Compared to Jag we don’t bro.


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
Yes, the CBOE is a great resource. TD Ameritrade also offers some good tutorials. For people who want to delve into option/premium selling, Tastytrade and Option Alpha also have lots of free material and advice. Most of what I do is based on their methodologies.

For those with a proven track record and believe that they’re ready to go pro, there’s a proprietary trading firm called SMB Capital that will back you. But you have to be completely serious about making this a profession. They also offer prop services to stock and futures traders.


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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1913 posts

re: Is anyone following WorkHorse ( WKHS )?
It’s just a learning curve. All of you guys who have open minds and are putting in the time and effort will do just fine. I’ll be asking you for advice this time next year.


djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
5100 posts

re: Is anyone following WorkHorse ( WKHS )?
Sold earlier in the week and 28 and rebought at 22.94. Have a bad feeling about the purchase.
This post was edited on 10/14 at 5:57 pm


djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
5100 posts

re: Is anyone following WorkHorse ( WKHS )?
Hoping this is the bottom of the dip.
This post was edited on 10/14 at 5:58 pm


el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
42919 posts
 Online 

re: Is anyone following WorkHorse ( WKHS )?
I could do condors and shite if I wanted to or understood them. I’m not sure if Etrade wants to lose my money or what but I never applied for permission. I’d rather go long on rando stocks where I don’t know what the company does I guess


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Ballstein32
Auburn Fan
Member since May 2020
95 posts

re: Is anyone following WorkHorse ( WKHS )?
I'm assuming it'll probably bounce around 21-24 or so for the foreseeable future until the usps contract is announced or some other contract is awarded.

Long term I think it'll be fine...short term could go way up or down depending on the outcome of that usps contract.


TigerGrad2011
Member since Aug 2016
1115 posts

re: Is anyone following WorkHorse ( WKHS )?
Anyone getting more shares today? Down another 6%


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