Sanrith Descartes
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Investing General Discussion
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Blazin
Creative Title
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Monthly opt exp so a little of everything. Again nailed the best strike for QQQ options. I always want the closest strike to where I think it will close to maximize premium without taking shares had $288 this week. So far leaning into $275 for next week but we may get a rally attempt next week.
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karma
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This is gonna be a complete noob question, sorry. I tried to look it up, but I didn't know how to ask the search engines the right terms to find the answer.
So when selling puts like that, is the close of day the only time frame that matters? You mentioned you sold puts with a 288 strike price, and QQQ clearly went into that range today, but since it closed above strike you don't have to buy?
So when selling puts like that, is the close of day the only time frame that matters? You mentioned you sold puts with a 288 strike price, and QQQ clearly went into that range today, but since it closed above strike you don't have to buy?
Blazin
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Mist
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Sanrith Descartes
Veteran of a thousand threadban wars
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First page or two is a good primer for options.
Everything Options
Options can be a powerful tool to add to your investing/trading toolkit. They can dramatically increase your risk or they can mitigate it and everything in between. This thread is for discussing options plays, options education and questions. I have been trading options for about 20 yrs now...
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Sanrith Descartes
Veteran of a thousand threadban wars
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I have been waiting for it to sink below the $135 range to buy back in but the fucker has been resistant AF.
Sanrith Descartes
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Big Phoenix
Pronouns: zie/zhem/zer
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Not profitable to sell(theyre losing $100+ on each 3080-3090 card) and Jensen is a dick.
Sanrith Descartes
Veteran of a thousand threadban wars
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Mist
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How much do you know about the business they're in? They make expensive as fuck drugs that people need. My stepdad pays like 7k a year for his Humira and the Medicare pays the other ... 60k... And there's lots of younger people that take these drugs, they're not just for old people.
Also these drugs, being biologics, are incredibly difficult to manufacture, requiring gene splicing into mouse cancer sells (seriously) then growing those cells in giant vats, just like Regeneron. There's no shortcuts to making these drugs, so even when patents expire, other people can't just rush in and make generics.
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Rangoth
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lol, while a hilarious idea, and I will probably put on my watch list out of curiosity, are the filing dates required by congress fast enough for this play to execute? I thought it was pretty generous….
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Sanrith Descartes
Veteran of a thousand threadban wars
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Why didnt you mention the exclusivity of Humira and how its about expired in the US?
I owned ABBV since before they bought Allergan. I know a thing or two about them.
Furry
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This is pretty much just a headline grabber. I foresee many a lawsuit in this funds future. Different politicians invest in different things, and once you include family that’s thousands of people. There’s no way to make a fund that follows ‘them’, and everyone is going to have different opinions of who they should follow, creating a fiduciary rabbit hole.
Mist
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I did mention it, because I mentioned that even when it ends, it'll still be difficult to manufacture. It takes manufacturing expertise, it's the same reason we can't just flip a switch and start producing 5 or 7nm chips in the US.