Post by
shenty46 on Jun 25, 2021 2:44pm
sold
sold all calls 2.5 strike, total net profit realized till now in birchcliff, cool 90000 dollars.
Comment by
TouchDown12 on Jun 25, 2021 3:15pm
Congrat's Shenty. Great idea (back when) to buy them; and great execution on the sale. I bought 3's and 4's (mailnly back in 1Q) and sold all over the last few days. Have ton of underling stock so will hold with that. If is pulls back i'll re-buy the 4's. if it keeps going up i'll look at the 5's and 6's. GLTA TD12
Comment by
shenty46 on Jun 25, 2021 4:44pm
Hi touchdown12, if it comes down I will not buy, if it goes up my next target would be to sell 170call(17000shares), and after that I would wait for next January to sell the balance 250(25000shares), as I don't want to pay lot of taxes.
Comment by
PlutusofCrete on Jun 25, 2021 6:00pm
Shenty, why the change of heart? I thought you and I were going to offload everything in January. I've been holding for 3+ years. Hoping to see $6-$7 dollars in the coming months. Shenty from a few days ago: "And i would wait till january to offload around 74000 shares in call options, not selling whether prices increases to 6,7, 8 dollars."
Comment by
shenty46 on Jun 25, 2021 9:13pm
I wanted to book some profits on every rise, however i will leave 25000 shares for january. I also have a large position in peyto of 49000 shares, along with 10000(100calls) i bought today of 5 strike for january 2022, so its prudent to trim the positions where there is a substantial profit.
Comment by
brian0672 on Jun 25, 2021 11:14pm
Yes time to take some profits. Been holding BIR for a long time and averaged down over the years however heavily overweigh in BIR. Sold 20% of my shares today. A little insurance if we have a correction.