Investing General Discussion
- Thread starter Furious
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Burns
Golden Baronet of the Realm
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She is just trying to offset her huge, future, capital gains taxes bro. Get off her back!
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,467
- 107,518
Took a starter position in UNP at $184. I made some good money in it a couple years ago and am circling back for more fun.
Borzak
Bronze Baron of the Realm
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Don't know anything about Cathie Woods other than the stuff she gets mentioned here for. Looked her up on wiki.
All in the same paragraph.
Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
However, her flagship Ark Innovation fund fell 24% in 2021 and, in the first quarter of 2022, it was the worst performer among equity funds covered by Morningstar, Inc.
In early 2022, eight other funds managed by Wood, including funds focused on financial technology and space exploration were among the worst performers in their categories.
All in the same paragraph.
Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
However, her flagship Ark Innovation fund fell 24% in 2021 and, in the first quarter of 2022, it was the worst performer among equity funds covered by Morningstar, Inc.
In early 2022, eight other funds managed by Wood, including funds focused on financial technology and space exploration were among the worst performers in their categories.
Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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Gravel
Mr. Poopybutthole
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It's baffling. I assume people give her money to manage because they're brainwashed into thinking she's some kind of star, based on media appearances.
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Sanrith Descartes
Veteran of a thousand threadban wars
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CNBC basically anointed her the next coming of Jim Cramer and had her on every single day because she bought tech stocks during one of the greatest tech bull runs in history.
The irony is anointing her the next Jim Cramer has proven prophetic.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Mist
Eeyore Enthusiast
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You have to buy 100 shares?Just wrote the SPY puts expiring tomorrow at the $385 strike. 27 cent premium. I am ok owning it at that price.
edit: Man, writing puts on SPY really does a number on your cash available to trade. It puts the tradingBlazin does in an entirely new light.
karma
Molten Core Raider
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Yes, a contract is for 100 shares, so you are obligated to buy 100 shares per contract.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Each options contract is 100 shares. So for cash covered puts, yes you have to lock up the cash for 100 shares per contract at the strike. 385 strike means $38,500 per contract.
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ShakyJake
<Donor>
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No, contract prices vary per strike. Right now, a SPY CALL at 385 strike price is $15.38. So, 1 contract will cost you 100 x 15.38 = $1538.
FYI market starting to tank...
Sanrith Descartes
Veteran of a thousand threadban wars
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Welp, I certainly could have timed those puts better. I still think $385 should hold up tomorrow but it cost me a fuckload of lost premium.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Thats if you "buy" the puts. I dont buy, I write. I get that premium, I dont pay it. I have to put up cash to cover the shares at the strike price in case I am assigned and have to buy the shares.
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