Investing General Discussion

Blazin

Creative Title
<Nazi Janitors>
7,583
37,809
Not seeing this move having legs or just not wanting to hold over the holiday?
Caught a nice move on all three so just taking profit, will reload on consolidation. We have rallied to a logical point, I'd be impressed if we just blast passed it but I don't think that is the most likely scenario. If we are in a frustrate both sides range then I want to just take the quick flips. Bulls win this fight going into month end we are going to 7000-7200
 
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Fogel

Mr. Poopybutthole
15,297
64,685
I considered selling puts on IBIT this morning when it was in the mid 49ish range. Wasn't opposed to owning some if it dumped, and thought it would be a good chance to dip my toes in the selling put pool. I've sold covered calls a few times, but never puts. Wouldn't have been a huge play, but figured I would get started in that aspect of the market.

Of course, if you finished this post, you can probably guess I didn't.
Start off selling monthlies around 20% below current strike. I'm currently doing this on tsla ibit and sofi. Do it on a red day with some decent iv for decent premiums. Close em out at 50 to 80% profit.
 
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Rangoth

Vyemm Raider
2,232
2,502
Anytime I want to enter a decent size position I sell puts or do a trailing buy. Mostly for 2 reasons, 1.) im not good at picking the entry point. I try to look for support levels and such but I’m either off by too much and miss the buy or too early and miss respectable downside and 2.) if I miss I still make some money(can often be in the 1% range for a week or 3% for monthly)

sounds silly but tying Up funds in a put for 1% vs tying them For the same week waiting on a specific price target just seems easier for me. Still possible to pick completely wrong strike and all that but these are multi-year positions for the most part.
 
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