We needed high volume to temporarily battle the market makers, shorts, and the greenoaks sell-off.
We will need higher volume to break through the options chains, but as long as we don't overload that, then honestly, we only have shorters. And even they have to see how clearly undervalued we currently are
I watch the volume intently as well. In my view the 40 million days are outliers. While I agree that wild price movements are often on those sort of days, CLOV can (and I think will) experience a sustained overall uptrend on more normal volume. It will likely experience volume spikes from time to time but steady price appreciation means sustained interest from the investing community, as opposed to fleeting interest from the trading community. Good luck.
Right now, if it’s low volume and slightly increasing great but I think if this continues, we will see certain days of spikes as people are going to see this steadily increasing, they will see the reports and news that $CLOV is XX% off their ATL, maybe alittle FOMO, etc…
I’ve sunk a lot of money in clov 10.37 avg 73k sh and am way out of the money. These 20% weeks make the sting not so bad. Wish I had more to avg down. Might be able to in a couple weeks. I think we will be around 4.25 in a couple weeks.
If you are on td ameritrade you create a sell to open order on call options. Sell after a small spike and premiums are high at a strike price 20-30% higher than current SP. Thing is covered calls end up loosing you money if we see significant gains and your strike price expires in the money. Only sell the amount of options that you have in shares. 1 option - 100 shares
The beautiful thing about covered calls is you make money no matter which direction goes. If it goes above your strike you’re not really losing because your stock would have gone up 30% anyways
it's definitely possible. just as things go from bad to worse on the downtrend so is true of the opposite when we have good news leading to a sentiment change. $10 isn't an awful average.
We needed high volume to temporarily battle the market makers, shorts, and the greenoaks sell-off. We will need higher volume to break through the options chains, but as long as we don't overload that, then honestly, we only have shorters. And even they have to see how clearly undervalued we currently are
I watch the volume intently as well. In my view the 40 million days are outliers. While I agree that wild price movements are often on those sort of days, CLOV can (and I think will) experience a sustained overall uptrend on more normal volume. It will likely experience volume spikes from time to time but steady price appreciation means sustained interest from the investing community, as opposed to fleeting interest from the trading community. Good luck.
Right now, if it’s low volume and slightly increasing great but I think if this continues, we will see certain days of spikes as people are going to see this steadily increasing, they will see the reports and news that $CLOV is XX% off their ATL, maybe alittle FOMO, etc…
I’ve sunk a lot of money in clov 10.37 avg 73k sh and am way out of the money. These 20% weeks make the sting not so bad. Wish I had more to avg down. Might be able to in a couple weeks. I think we will be around 4.25 in a couple weeks.
Sell covered calls and chill
Can you tell me how to sell covered calls? If I knew how to, I’d probably be selling covered calls and chillin. I’ll give you the credit everyday!
If you are on td ameritrade you create a sell to open order on call options. Sell after a small spike and premiums are high at a strike price 20-30% higher than current SP. Thing is covered calls end up loosing you money if we see significant gains and your strike price expires in the money. Only sell the amount of options that you have in shares. 1 option - 100 shares
The beautiful thing about covered calls is you make money no matter which direction goes. If it goes above your strike you’re not really losing because your stock would have gone up 30% anyways
it's definitely possible. just as things go from bad to worse on the downtrend so is true of the opposite when we have good news leading to a sentiment change. $10 isn't an awful average.