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**Un-OFFICIAL** Trading and Investing Thread: Part XIII -- Robber Baron Edition
02-21-2021, 09:42 PM
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#2161
02-21-2021, 10:12 PM
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#2162
- RobParks2M
- mad hatter
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Originally Posted By PositiveCrew⏩
Lmao yeah. My rule which has made be quite a sad fella more often than not lately is if someone/people are already giddy about their gains it is already too late to buy and join them.yeah it's a lot more fun to be on the winning side of time decay, that's for sure
I also learned I get mad FOMO watching gain porn, so I hopped on a lot of trades that lost. my top recent one is buying APHA at $29/share, selling covered calls on it, and then watching it tank down to $18/share the next day. Bought all my calls back and sold at a total loss of $30k.
fun times.
I also learned I get mad FOMO watching gain porn, so I hopped on a lot of trades that lost. my top recent one is buying APHA at $29/share, selling covered calls on it, and then watching it tank down to $18/share the next day. Bought all my calls back and sold at a total loss of $30k.
fun times.
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02-21-2021, 11:05 PM
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#2163
- PositiveCrew
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Originally Posted By TugOfPeace⏩
$90k individual, $50k roth right nowwhat kind of portfolio value do you need to be generating $3k/week in covered calls?
edit: have 700 shares of PLTR that generate $150 weekly.. with a $30 cost basis. $21,000.
So for $3k/week.. if we're doing some really sketchy math assuming same premiums as PLTR, somewhere around $400-500k?
edit: have 700 shares of PLTR that generate $150 weekly.. with a $30 cost basis. $21,000.
So for $3k/week.. if we're doing some really sketchy math assuming same premiums as PLTR, somewhere around $400-500k?
300 shares of ARKW, 300 shares of CRSR, 200 shares of ARKF, 100 shares of AAPL, 100 shares of MSFT
ARKW/CRSR are monthlies, ARKF, APPL, MSFT are weeklies. I averaged my per week premiums based on what I got over the duration of February
two weeks ago I could buy 100 shares of CRSR for $4500 then sell a 15DTE 50C for $400 in premium (~10% ish)
$3k is definitely on the high end, probably closer to $1.5k/week sustainably
looking at your example, with 700 shares of PLTR you should be getting $300 - $1500 weekly depending on IV and strike
also speaking of PLTR, I saw some dude on WSB buy 3000 shares for $90k and then immediately sell 30Cs for 2022 for like $31k. interesting theory but I'm pretty sure those will be deep ITM really easily
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02-21-2021, 11:20 PM
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#2164
- Harry362
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Originally Posted By RobParks2M⏩
Combine the two. I am getting sick premiums on Spacs. They are the absolute best stocks to sell puts on right nowSmart man. Theta gang always feasts. I kinda had forgotten my roots as I went 100% spac, but I am going back towards that direction as SPAC companies get more and more watered down.
02-21-2021, 11:50 PM
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#2165
Originally Posted By PositiveCrew⏩
interesting concept, thats more than 30% annual return with relatively low risk and like no effort at all, set it and forget italso speaking of PLTR, I saw some dude on WSB buy 3000 shares for $90k and then immediately sell 30Cs for 2022 for like $31k. interesting theory but I'm pretty sure those will be deep ITM really easily
02-22-2021, 12:00 AM
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#2166
- PositiveCrew
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Originally Posted By mikusk⏩
my only concern would be FOMO'ing if PLTR is $60/share+ in 2022.interesting concept, thats more than 30% annual return with relatively low risk and like no effort at all, set it and forget it
he's selling ATM calls, so premiums are all he has. if the stock goes how I (and lots of people) think it will, he's trading $30k in profit today for potentially $90k in profit long ish term
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02-22-2021, 12:36 AM
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#2167
Originally Posted By PositiveCrew⏩
yeh i understand the situation, personally I wouldn't do it, but it might be a viable strategy for some boomer who is happy with those returnsmy only concern would be FOMO'ing if PLTR is $60/share+ in 2022.
he's selling ATM calls, so premiums are all he has. if the stock goes how I (and lots of people) think it will, he's trading $30k in profit today for potentially $90k in profit long ish term
he's selling ATM calls, so premiums are all he has. if the stock goes how I (and lots of people) think it will, he's trading $30k in profit today for potentially $90k in profit long ish term
02-22-2021, 01:57 AM
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#2168
02-22-2021, 02:24 AM
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#2169
- MinisterOfLust
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Originally Posted By taf1968⏩
Gay mother****e*rOf all the possible ticker symbols in the world . . . they picked that???
02-22-2021, 02:28 AM
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#2170
- ghostfacedup
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- ghostfacedup
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Wow.
02-22-2021, 02:36 AM
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#2171
- Galindo62
- neck of peace
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- Galindo62
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Wow what *******
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
02-22-2021, 02:47 AM
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#2172
02-22-2021, 03:51 AM
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#2173
- camaleom
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amc and gme seem to gave a pop every morning - at the end of the day gme is not worth $40-50 and sooner rather than later people is going to end up holding a bag
amc has long term potential tho - if you buy at low 5 then you may end up doubling that down the road
amc has long term potential tho - if you buy at low 5 then you may end up doubling that down the road
"Paper money is going away" - EM
02-22-2021, 06:43 AM
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#2174
- PositiveCrew
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for anyone looking at future speculative plays, check out Graphite (needed for production of steel and lithium batteries for EV) and psychadelics (could be the weed of the future)?
NMGRF
MMEDF
TRUFF
PSYK
etc
I was in them and rode up like 10% then paperhanded out because I didn't wanna hold longterm and couldn't sell covered calls on them
there are several big events that could catalyst GME up to 300+ again
I think today is just FOMO for people that didn't buy Friday when DFV did, but who knows.
If GME stock jumps 30% in a day, I will buy in with 50% of my portfolio and see what happens
NMGRF
MMEDF
TRUFF
PSYK
etc
I was in them and rode up like 10% then paperhanded out because I didn't wanna hold longterm and couldn't sell covered calls on them
Originally Posted By USAPump⏩
the case for a short squeeze or TSLA style burn is stronger than it has ever beenr u fuking kidding me
looks like the gme bag holders might actually survive after all
looks like the gme bag holders might actually survive after all
there are several big events that could catalyst GME up to 300+ again
I think today is just FOMO for people that didn't buy Friday when DFV did, but who knows.
If GME stock jumps 30% in a day, I will buy in with 50% of my portfolio and see what happens
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02-22-2021, 06:52 AM
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#2175
- HMFIC_BROWSIN
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Originally Posted By PositiveCrew⏩
.......I will buy in with 50% of my portfolio and see what happens
02-22-2021, 06:54 AM
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#2176
- Arem24
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Originally Posted By mikusk⏩
Yeah... no.yeh i understand the situation, personally I wouldn't do it, but it might be a viable strategy for some boomer who is happy with those returns
Basic statistics demonstrates this wouldn’t even be maintainable in the medium term. The slippage between rotations would be a mess, and slippage would be highest when the conditions for calls being exercised would be most likely as well.
02-22-2021, 07:12 AM
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#2177
- Galindo62
- neck of peace
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Originally Posted By USAPump⏩
U wot m8 *******r u fuking kidding me
looks like the gme bag holders might actually survive after all
looks like the gme bag holders might actually survive after all
It's still down 50% for February.
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
02-22-2021, 07:21 AM
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#2178
- DeputyDong5
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Originally Posted By USAPump⏩
This will age like milk. There's still retards probably holding wit a 200-300 average. Everyone else cut their losses.r u fuking kidding me
looks like the gme bag holders might actually survive after all
looks like the gme bag holders might actually survive after all
02-22-2021, 07:34 AM
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#2179
- DeputyDong5
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tf is AAPL doing
02-22-2021, 07:42 AM
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#2180
- ApeXXXPredator
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Do you guys think CCIV will really pop this week?
02-22-2021, 07:47 AM
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#2181
02-22-2021, 07:52 AM
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#2182
02-22-2021, 07:53 AM
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#2183
02-22-2021, 07:56 AM
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#2184
- PositiveCrew
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Today's covered call sells:
I think you're not supposed to sell covered calls on red days, but ohwell. no guarantee it wasn't going to keep bleeding. I guess I could have sold half today and half tomorrow
$2,213 added in premiums, all reinvested into AAPL / MSFT / ARKF where I had the highest cost basis relative to strike price
I think you're not supposed to sell covered calls on red days, but ohwell. no guarantee it wasn't going to keep bleeding. I guess I could have sold half today and half tomorrow
$2,213 added in premiums, all reinvested into AAPL / MSFT / ARKF where I had the highest cost basis relative to strike price
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02-22-2021, 07:57 AM
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#2185
02-22-2021, 07:58 AM
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#2186
- Harry362
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- Harry362
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Originally Posted By PositiveCrew⏩
sell puts on red days broToday's covered call sells:
I think you're not supposed to sell covered calls on red days, but oh well. no guarantee it wasn't going to keep bleeding. I guess I could have sold half today and half tomorrow
$2,213 added in premiums
I think you're not supposed to sell covered calls on red days, but oh well. no guarantee it wasn't going to keep bleeding. I guess I could have sold half today and half tomorrow
$2,213 added in premiums
edit FUARK my FRX(Beach Body is raging). I did a covered strangle, 1000 shares at $11.39, 10x 3/19 15p for $2700, 10x 3/19 20cc for $2000. Will be close to $14,000 if it breaks $20
02-22-2021, 07:59 AM
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#2187
- HMFIC_BROWSIN
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Dkng making a little pump 2day.
Excited to see how the next quarter plays out on the chart.....
Excited to see how the next quarter plays out on the chart.....
02-22-2021, 08:00 AM
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#2188
- HMFIC_BROWSIN
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- HMFIC_BROWSIN
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Originally Posted By Harry362⏩
What if it's a "sell the news" event?Not even close, the jump is going to be astronomical
02-22-2021, 08:05 AM
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#2189
- Harry362
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- Harry362
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Originally Posted By HMFIC_BROWSIN⏩
not for CCIV ive been on the stocktwits since 3000 followers, first thread on reddit/spac to get its own dedicated post, attention everywhere. CCIV is going to explode when its announced. It will hit $120 at least, which will make me sick since I originally had 4440 shares at $12.50 and am down to 1000(have sold for a little above $100k in profits)What if it's a "sell the news" event?
IF VTIQ NKLA and QS ran hit those levels so can this. I dont even believe in the company, EV are POS IMO and high end EV is a retarded idea. Barely anyone is going to pay $160k for an EV
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