boilermaker75

Replaced my expiring covered calls with 40-strike April 14 expiration calls at $1.10 per share.

Then there was, I guess for some companies still is, dependence on russia for rocket engines. Thank goodness for Elon Musk.

Thanks, I am not familiar with Fintwit but I will look into it.

Wrote some SUBX March 18 expiration 83- and 84-strike puts.

OK, thanks, but I have known individuals who have done that.

I actually almost did the same a year ago. Our mortgage was almost paid off, we only owed about $5k. (Actually the mortgage was paid off and we took out a loan about 10 years ago so we could loan the money to our daughter to buy a condo in California. We then gifted our daughter the max each year to essentially pay off her loan.) I was going to put it all in BRK. If I had done that, I would already be up about 40%

What about BRKB? Edit: Sorry, LOL, I missed your first line. That is what I would do dump it all in BRK.

Any one who lists their name as Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) tells me all I need to know about the individual.

I wrote some BABA OTM March 18 expiration puts this morning and some BRKB March 18 expiration 325-strike puts.

When I started the discussion I had quoted the effective rate, but I am not sure if the 3.5 % refers to base or effective. I'll let you know when I get the confirmation letter. In any event, I will be calling the person assigned to my account, as Dinar has suggested, to further "improve" the rate.

Thanks @Munger_Disciple, I am going to follow Dinar's suggestion and talk with the person assigned to my account as soon as possible. I will point out the multiple other accounts at Schwab and additional margin I would be willing to take on.

I do, but he was out-of-town for two weeks so I spoke with someone else. Great suggestion. I'll come him when he is back in the office. Thanks.

Thanks Dinar. I make about 250 option trades a year. This account is low 7 figures and my margin debt is $40k. I should probably call back and argue for a lower rate? Edit: I know the rate is going up as you stated, but if I had 0.98% I would have a higher margin debt.

The only reason I was in this was to play the risk arbitrage and why I want to get out. I made some money even if I outright sold my AJRD at a slight loss because I wrote puts a few times that expired. I guess I am greedy going with the covered calls but the premiums are good!

Wrote 315-strike and 320-strike March 18 expiration puts on BRKB. Wrote 60-strike and 65-strike April 14 puts on MSGE.

I have written 40-strike covered calls on my small AJRD position that I was put to at 40 on a risk arbitrage play.

I just negotiated with Schwab and they offered me a margin rate of 3.5%. It sounds like others have been able to negotiate a better rate? They didn't give me a lower rate because I only have $40k on margin and I told them I did not know if I would be increasing that.

Those look like fun!

wrote 51-strike, March 18 expiration OXY puts for $0.56 per share.

That was an undertaking! Looking great! I loved that Firebird and wish I still had it. Eventually gave it to my brother and I think he eventually sold it. It was great back then because you could do all the work on the car. A lot of us kids would work on cars with our dads. Today that doesn't happen. I have been teaching electrical engineering since 1984. I have noticed a reduction in ability in the lab. I am thinking it is because no one grows up anymore working on cars, or building Heathkits.

wrote OXY 53-strike, March 11 expiration puts.

Wrote some MSGE 70-strike March 18 puts for $0.90 per share.

Won't this result in the US and Western Europe pumping in money to rebuild Ukraine? Won't Ukraine then be such a close partner they become part of the EU and maybe a NATO member?

Yes $10k per acre sounds high. I guess if you were the actual farmer you would be making a higher yield. You probably do better taking on more of the risk. I have a colleague who is doing research on photovoltaics mixed into crop fields. https://www.purdue.edu/newsroom/releases/2019/Q4/local-sunshine-meets-local-needs-with-global-impact-key-is-cogenerating-electricity-alongside-farming.html