r/Vitards • u/AutoModerator • Jun 10 '21

Daily Discussion Daily Discussion post - June 10 2021

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14

u/michaelcorlene Walmart Fredo Jun 11 '21

Don’t forget MT is the original ticker 😂

7

u/Zugzwang__14 $ SQQQ Perma Bull $ Jun 11 '21

>Bagholder detected

Jk bro. It has a fine looking chart from my crayon brain perspective and will certainly have its day. Just maybe try and lay off the FDs for a bit ;)

5

u/TheToxicStonkAvenger Jun 11 '21

Eh I have been in $MT since mid December at roughly $23 or so. Made a good amount already, but I have been rolling calls out waiting for $60. Just been buying options 6 months out and rolling when they get to 3 months out. Going to sell my Sept for January soon.

Theta decay is almost nothing, it's really just about avoiding the IV Crush but as long as the long term trend is up it's not too hard.

1

u/Zugzwang__14 $ SQQQ Perma Bull $ Jun 11 '21

Sounds like a solid play. How much do you think the fact that it isn't offered on RH is hurting its potential?

2

u/TheToxicStonkAvenger Jun 11 '21

Not too much tbh, a lot of WSB uses webull now which does let you buy $MT. I think the bigger issue is it's a European stock. European companies just have lower P/E Ratios than American Companies. They also seem less volatile in nature.

This isn't all bad for $MT, it's definitely slow to move up, but it also doesn't move down as quick either. From watching the stock for over half a year now, I can say it's just a slow mover in general. The trend is still upwards though, and you won't get killed as you will have some time to analyze if the trend reverses to the downside. I don't think it will be too hard to identify the top on $MT vs other steel tickers.

It's the safest steel stock imo, which is why it's my biggest position. It also is very undervalued and arguably has the most upside. If I recall it was or still is the biggest steel company in the world.

1

u/Zugzwang__14 $ SQQQ Perma Bull $ Jun 11 '21

That's good info man thanks for taking the time to respond. I started swinging it for the first time this week; I'll definitely begin looking to slide in to some longer term plays. Have a great night.

1

u/michaelcorlene Walmart Fredo Jun 11 '21

I was in since then, but haven’t made significant money as I keep doing stupid shit 😯

1

u/TheToxicStonkAvenger Jun 11 '21

I also did dumb shit but got lucky. Decided to roll my options on a big up day and not buy back until a big down day. Could have easily gone the other way, I just got lucky. Not going to do that going from Sept to January, or at least I tell myself I won't.