Investing General Discussion

BoozeCube

BoozeCube

The Wokest
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Prepare your buttholes gentlemen.

GV7HdZXLLb0q.jpeg
 
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Fogel

Fogel

Mr. Poopybutthole
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That's the thing...writing calls / puts on these cheap, low IV stocks arent worth it. What are you making? 10 bucks?
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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
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Sanrith Descartes said:
But... Would you actually want to own it if you get assigned?
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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
 
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Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
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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.
 
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ShakyJake

ShakyJake

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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.
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You're right. That's not unreasonable and looks like good support at 11.
 
Fogel

Fogel

Mr. Poopybutthole
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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.
 
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Mist

Mist

REEEEeyore
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Wall Street Groundhog says 6 more months of chop, put all your money in JEPI.
 
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Jysin

Jysin

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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

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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
 
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Jysin

Jysin

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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
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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.
 
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