Investing General Discussion

BoozeCube

BoozeCube

The Wokest
<Prior Amod>
54,600
324,594
Prepare your buttholes gentlemen.

GV7HdZXLLb0q.jpeg
 
  • 2Worf
  • 2Mother of God
  • 1Thoughts & Prayers
Reactions: 7 users
Fogel

Fogel

Mr. Poopybutthole
14,054
57,158
That's the thing...writing calls / puts on these cheap, low IV stocks arent worth it. What are you making? 10 bucks?
Click to expand...

If you write the june 16 11$ expiry you're getting 0.18. If you do the math, that's about 2% which is right in line with my current strategy of 0.25 - 0.5% weekly.
 
Fogel

Fogel

Mr. Poopybutthole
14,054
57,158
Sanrith Descartes said:
But... Would you actually want to own it if you get assigned?
Click to expand...

For short term, even the premium on the covered calls looks good. Or I could just cut bait and resell. Was able to get the 11$ 6/16 for 0.23$ so much better than I anticipated
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,924
132,145
Fogel said:
If you write the june 16 11$ expiry you're getting 0.18. If you do the math, that's about 2% which is right in line with my current strategy of 0.25 - 0.5% weekly.
Click to expand...
You are doing it wrong Boomer. Your target is 5% a day.
 
  • 3Like
  • 2Worf
  • 1Diamond Hands
Reactions: 6 users
ShakyJake

ShakyJake

<Donor>
8,145
20,469
Fogel said:
If you write the june 16 11$ expiry you're getting 0.18. If you do the math, that's about 2% which is right in line with my current strategy of 0.25 - 0.5% weekly.
Click to expand...
You're right. That's not unreasonable and looks like good support at 11.
 
Fogel

Fogel

Mr. Poopybutthole
14,054
57,158
Already bought out my AMD puts for 85% profit and its now over 100$, will probably wait for a dip before I sell more puts on it.
 
  • 1Paper Hands
Reactions: 1 user
Mist

Mist

REEEEeyore
<Rickshaw Potatoes>
31,803
24,492
Wall Street Groundhog says 6 more months of chop, put all your money in JEPI.
 
  • 1Thoughts & Prayers
Reactions: 1 user
Jysin

Jysin

Bronze Baronet of the Realm
6,847
5,024
Because no one is expecting a debit ceiling deal to be made today. It would likely trigger some de-risking the closer we get to June 1st.
 
Pasteton

Pasteton

Blackwing Lair Raider
2,924
2,098
Money markets are like 5% now, if you have cash in bank and not in one of those you lose all rights to laugh at tide pod eaters or other stupid gen z shit
 
  • 1Worf
Reactions: 1 user
Mist

Mist

REEEEeyore
<Rickshaw Potatoes>
31,803
24,492
Pasteton said:
Money markets are like 5% now, if you have cash in bank and not in one of those you lose all rights to laugh at tide pod eaters or other stupid gen z shit
Click to expand...
My SOFI account is 4.25%, SPAXX/FCASH/etc are around 4.7%.
 
Jysin

Jysin

Bronze Baronet of the Realm
6,847
5,024
Pasteton said:
Money markets are like 5% now, if you have cash in bank and not in one of those you lose all rights to laugh at tide pod eaters or other stupid gen z shit
Click to expand...
Just leaving uninvested cash in Fidelity brokerage is paying 4.75% now.

Schwab (TD Ameritrade / Think or Swim) is still paying fuck all nothing on cash seeep and is partly why they are dealing with cash flight to better yields. Quite the price dump on SCHW during this banking crisis for such a big name.
 
  • 2Like
Reactions: 1 users
You must log in or register to reply here.