With market down and no clear solution in sight, it looks to be trending down for some time. I think there might be some opportunity for buyers to scoop out some stocks at discount price.

Anyone has any suggestion on what they have their eyes set on?

I am planning to buy some commodity stocks including some oil. Staying away from airline, food and hospitality (at least for near future).

I have never done options. so m testing out. bought 3 contracts for lghl for 4/19 strike price 5 @.70..GLTA.happy wknd.

Drogba
"bought 3 contracts for lghl for 4/19 strike price 5 @.70.."

I haven't ever done options because never understood it. Can you let me know if I understand this correctly.

So you bought the option to buy 300 LGHL stock from now to 4/19 at $5, and you paid $210 dollars.
Today the stock price is 4.12 so if you bought it today it would have cost $1236 (4.12 x 300)

Let's say between now and 4/19, the stock price hits $10 and you choose to exercise your option. Does exercising your option mean the following?

- You essentially buy 300 stocks at $5 ie $1500
- You paid $210 to buy the option
- Your total cost was $1710

- when you exercise your option, the stock value is $3000 ie $10x300

So my question is, when you exercise your option, do you make a profit of (3000 - 1710) ie $1290. Or do you actually have to buy the 300 stocks and sell them on your own?

@Nepdoc>>> I think, when you exercise the option you make that profit 1 contract=100 shares..x price. minus the premium we paid at the time so our profit has to cover the premium as well.

"So my question is, when you exercise your option, do you make a profit of (3000 - 1710) ie $1290. Or do you actually have to buy the 300 stocks and sell them on your own?"

Loaded LGHL and MBRX.
LGHL cost average 4.11
MBRX cost average 5.20

wow mbrx sure high cost..but it ll pay off..m watching LODE today..ll try to see if there is any dip..

Loaded LGHL last friday with average 4.30, probably I need to average down by the end of today.

@toprjhar yes i have buy order for lghl @ 4.00 although my avg is 3.93 for other batch. i ll load more of lghl and ll try lode.GL

Added more DPW

got more SOS on dip and started position on LODE

Added 200 MBRX at 4.03 and 200 GSAT at 1.49

@chicgaon .very good entry bro. Added more lghl. 

Thank you Drogba. Have been watching lghl, almost got it a couple of days back at my “comfort” price point. Will keep on watching.

Lots of gift out there..I love these days.

@Drogba, Yes there are gifts out there but also worried about the correction / inflation since i have enough in my portfolio ( dark red). Thanks

Nothing wrong with being worried about your portfolio. This shall pass too. Added 200 mara/riot.

Just be careful, the death cross is close in s&p 500. It may happen in 2-4 week from now. If this happens expect correction

droga is in no looking back mode...."bring it on !!" vhandai basi ra hola...I feel like he makes more $$$ on bear/downtrend market ...

@Stupida bro. you need to love what is infront of you. i think , i might be wrong.

and a gift for friday..just loaded NXTD.enjoy the wknd.