TSLA is really hard to read right now. All I know is that my strangle for 3/5 is like a fukkin sea-saw...

Fukkin PLTR... I'm gonna have 4k shares @ $28.31cb.



holy chit, nvm... I was hoping that if GME spiked hella, a deep OTM put would be more affordable, but that IV is nuts.

TSLA is really hard to read right now. All I know is that my strangle for 3/5 is like a fukkin sea-saw...

I just BTO my first calls. Decided to do PLTR 2/26 25C and 3/5 25C. One contract each.

Do people make big money from this by closing the contract when the price is beyond strike, or do they make money from buying the shares? How do I even buy the shares at a certain price? Or does the profit from buying the shares get embedded in the option price when you try to close it?

nvm down $43k between trading and IRA.

All I can do is wait... Not gonna sell/close anything for a loss. This is my current exposure:


ARK-F/G/Q/W (don't know if I will sell calls tbh, might just keep)

LULU (sold out of my original position around the time of the first GME madness because I saw this chit coming. I am not against holding this, because I do believe it will hit $400 EoY)

PLTR (for sure going to wheel. Too many shares, plus I already have a good amount in my IRA, and premiums are decent enough to keep me interested)

TSLA (sold out my original position this week, just didn't get back in at the low. I will wheel this though, as I have some further out CSP's with very aggressive strikes because the entry prices would be desirable even with what's going on. Damn it, now that I think about it, this one has a $720c/p strangle, I might close it out if I can break even, which would be $668).

RKT(This isn't getting assigned almost bummed because they just announced a special 1 time $1.11 dividend lol)

I’m in ARKG & F

I think ARKG will do well. It’s actually my biggest holding.
Jesus just saw it went down to $90 ah

I almost had mini heart attack this morning on big error.




thank god it I pressed cancel x100 over.

I only wanted 100...last time I flipped ~$4k to ~$20K on RKT

when GME ran up end of January RKT hit $23

this morning RKT opened 20.35 and was up to 20.98 in few minutes.

volume was already half of total daily volume in 1 hour of trading.

its cooled off now and trading at its usual flat 20.

RKT CEO is making rounds on CNBC/yahoo/bloomberg today.



NVM looks like it wants to close at $20-21 again

STO
RKT
3/5: $19p

sold 5 for .83 lets see what happens

STO
PLTR
3/5: $23p 4x0.92 fukk it lets go

TSLA is really hard to read right now. All I know is that my strangle for 3/5 is like a fukkin sea-saw...

BTC for .11

quick one day play, ty chino

If you put any weight on indicators and T&A, then I think the ichimoku cloud says it pretty clearly. Stuck right in the cloud right now and IMO will trade like its stuck in mud until it breaks out.

Bought some April 16th 269p on QQQ at $2.51

das it


I haven't spent one second with TA aside from laughing at people drawing with crayons on them. Would love it if you wanted to share more info, or if it's as clear cut as "stuck" then that's cool too lol.

It would be nice if it expired next week at ~$720. Then I have a May $760CSP to look forward to, and then a LEAP csp that currently sucks to look at.

Bro, you ever coming back the the stock thread?

I only participate inOfficialthreads brah.

But srsly, I keep hearing what a chit show it is, like even worse than when I left the last official one. Too many casuals and too much *******ry. And let me make this clear when I say “casuals,” I am in no way talking chit, because everyone starts somewhere and some time. But when newbies come in talking like they actually have a clue, don’t want to actually LEARN, and just want to be a part of the cringe meme scene, that’s when I just head out.

I’m curious how many people have disappeared actually since the recentcorrectionlol.

I only participate inOfficialthreads brah.

But srsly, I keep hearing what a chit show it is, like even worse than when I left the last official one. Too many casuals and too much *******ry. And let me make this clear when I say “casuals,” I am in no way talking chit, because everyone starts somewhere and some time. But when newbies come in talking like they actually have a clue, don’t want to actually LEARN, and just want to be a part of the cringe meme scene, that’s when I just head out.

I’m curious how many people have disappeared actually since the recentcorrectionlol.

A family friend of mine (pretty sure has a networth in the millions, he's 55ish and has been a VP at a major IT company, etc) told me he was planning to drop $100k in the market into maybe 10 different companies and just focus on monthly covered calls. He's hoping to generate maybe a 25% profit every year. Is that considered a conservative expectation?

I get my trolling energy out in that thread lmao. It is fun to teach newer people who ask questions. It is infuriating when people blindly ignoring risk get mad when you point out possible flaws in their strategy.

It’s certainly a chitty thread compared to some of the other ones for sure.

I’m actually looking into opening a chick-fil-a franchise.

A family friend of mine (pretty sure has a networth in the millions, he's 55ish and has been a VP at a major IT company, etc) told me he was planning to drop $100k in the market into maybe 10 different companies and just focus on monthly covered calls. He's hoping to generate maybe a 25% profit every year. Is that considered a conservative expectation?

Depends on how he conducts his trades. If you go on discords like eagle investors, some of them average like 30% gains in a day.

Holy chit that’s awesome! What’s the fee?

No, I don't even have $100k to invest unless I'm using margin. I wouldn't use that strategy because I'd rather be much more aggressive.. srs. I am full SPAC crew nowadays. 25% return on that amount of capital is little more than $2k/month.. which is great for someone who isn't trading all day but is kind of low for someone who does.

He was asking me for advice the past month or so and after I spoke with him yesterday, he was saying he wanted to go the CC route. Said he didn't want to deal with the ups and downs of naked options. I'm just curious, tbh. I had thought about that strategy when I first discovered CCs, but realized I wasn't patient enough to just sit there and wait a month for expiry before cashing out.

Personally I don't like the idea because of the possibility of a stock mooning within that month's time period.

Well, he's heavily diversified; he pulls in $200k from his corporate job which he told me he plans to quit this summer. He went big into real estate last year and said that's where the bulk of his focus is right now. He also has money in crypto. What he told me about real estate was pretty eye opening.. he urged me to get into it big time and just quit my job once I got the ball rolling. Told me his latest deal was closing in the range of $1MM.. not all profit I'm betting but still.

Makes me wonder, wtf did I go to school for if I could just quit my job and flip houses the rest of my life. Don't even know if I'd appreciate the money if I did that, knowing it doesn't really require any education.

I'm just guessing at his net worth, but I'm assuming he's only putting $100k in the market because he's risk averse. He has two daughters, one of which has special needs and is married, and her husband doesn't have a job, just helps her dad with his business. His other daughter is starting residency. So he supports his wife, his two daughters, and his son in law, therefore I'm assuming he would rather take more risks with real estate rather than the stock market.

To me it sounds like a nice strategy for someone his age, he doesn't have the luxury of taking huge risks in the market like us younger folks.

Edit: It could've been a lie, because I pressed him for the dollar figure. Not because I wanted to gauge his liquidity but because I wanted to get an idea of how much money he could generate from CCs based off his investment.