Investing General Discussion
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Sanrith Descartes
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Asshat wormie
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Sanrith Descartes
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No. You want lots of volume for options otherwise you end up with shitty spreads. Its why I mentioned the risk of the stock going done to a point it's not financially viable to sell calls above your strike. There is no interest that far out of the money.
Sanrith Descartes
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Sanrith Descartes
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More pain coming?
finance.yahoo.com
Real-Money Funds Dump $100 Billion of Stocks on Rebalancing
(Bloomberg) -- The world’s biggest money managers are set to unload up to $100 billion of stocks in the final few weeks of the year, adding to a selloff that’s snowballed since Jerome Powell’s unequivocal message that policymakers will press on with aggressive tightening at the risk of job cuts...
Sanrith Descartes
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3 deaths and they decide that 275,000 vehicles are not safe to use? How about we just apply to covid vax safety rate to this instead?
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Sanrith Descartes
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Tesla touching the top of a more than 2 month long support level back in 2020. I am not saying it will hold but it does represent some strong support on paper. Do what you will, but I added here as I have been waiting for it.
Sanrith Descartes
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A while back I dumped all but a handful of shares of my AMZN around $145 and took the profit off the table. It has now drifted down to a multi-month area of support dating back to 2019. No guarantee it holds but I like the support and moved half my previous profits back in. If this support fails then the other 50% of my profits go in at the next support around $80. This is not investing advice and past performance is no indication of future gains. Much like TSLA above do what you think is best. I am playing the long game on TSLA and AMZN. I am not 100% sold on AMZN as a total company but I really love AWS and hopefully one day they spin it off.
Sanrith Descartes
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Sludig
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Quick dumbass question. Never had any fancy bank accounts outside of my checking and then stuff in my fidelity/retirement etc.
Need to open a local account, and I'm failing to see why one would ever open a savings account vs a money market account given these numbers.
Need to open a local account, and I'm failing to see why one would ever open a savings account vs a money market account given these numbers.
Sanrith Descartes
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Quick dumbass question. Never had any fancy bank accounts outside of my checking and then stuff in my fidelity/retirement etc.
Savings accounts are worthless.
Sanrith Descartes
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Another buy/write opportunity. INTC
Dividend yield is close to 5.5%
Risk is its INTC and is plumbing unseen depths. But it makes lots of money every single year. It is a cash cow.
If you were to buy at $26.5 (not suggesting this price, just example), you can write the January $29 strike calls for 36 cents premium. if it doesnt finish above $29 then its a 1.4% gain on a month hold. Annualized its a 16% gain (over 12 months) then add the 5.5% dividend yield and its a potential 12 month yield of 21.5% not counting the stock price appreciation (if any). If you get assigned above $29 strike then you make $2.5 on the stock price plus the 36 cent premium so $2.86 profit for a 30 day hold. Its a 10.8% return on the purchase for 30 days of hold.
Personally I like the stock at $25, but I might be moved to buy at $26.
Dividend yield is close to 5.5%
Risk is its INTC and is plumbing unseen depths. But it makes lots of money every single year. It is a cash cow.
If you were to buy at $26.5 (not suggesting this price, just example), you can write the January $29 strike calls for 36 cents premium. if it doesnt finish above $29 then its a 1.4% gain on a month hold. Annualized its a 16% gain (over 12 months) then add the 5.5% dividend yield and its a potential 12 month yield of 21.5% not counting the stock price appreciation (if any). If you get assigned above $29 strike then you make $2.5 on the stock price plus the 36 cent premium so $2.86 profit for a 30 day hold. Its a 10.8% return on the purchase for 30 days of hold.
Personally I like the stock at $25, but I might be moved to buy at $26.
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Sanrith Descartes
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