LPL -- leader in World's TV Industry Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LPL -- leader in World's TV Industry

LPL 5.010

+3.9%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chessboard_andy who wrote (28)	12/29/2020 2:41:01 PM
From: chessboard_andy	of 76

I just bought back 10 January 7.5 contracts at $0.95. I wanted to test the premium structure as we bounced around between $8.41 and $8.42. The contract was back to a dead bid at $0.85 ($0.06-.07 below par), so I felt the need to probe. I'm definitely fine with the execution, but would have preferred a couple of other buyers matching my bid and just keeping the spread above par. I won't keep adding. Volume is nowhere today. Hoping to see a little pick-up in volume at close and a nice little candlestick open tomorrow at ~$8.75. I don't mind seeing $8.48 acting as resistance today given the overall lack of volume and the downward pressure of the broad market. A Santa rally tomorrow would be a lovely thing. Andy Edit. Changed my mind and entered a market order for 10 more contracts. Executed at $0.89 (a penny or two BELOW par.) Not sure whether to add more. I am still loving the trade, but I don't want a crowded exit. I will be looking at later dates and maybe increase positions further out, but I may just add more January. I'm not sure what I'm missing, but I see much better support to protect that downside than resistance to block the upside of this short-term trade.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next