boilermaker75

@dealraker When I was working at INTC, McEnroe was a freshman at Stanford, the only year he was there. My wife had a sorority sister, Nancy, who was an Assistant Sports Information Director at Stanford. My wife was visiting her at Stanford and they ran into McEnroe. Nancy introduced my wife to McEnroe and his response was something like, "Why do I have to meet her?" Also back then there was a start of a professional tennis league with teams. I got to see, courtesy of Nancy, Stanford play the team from San Francisco. I cannot remember for sure but I believe Stanford won.

@KPO Thanks, I had forgotten that Grinnell was an initial investor in INTC. I recall that the business plan Noyce and Moore sent to Arthur Rock was something like one page.

Grinnell College is Robert Noyce's alma mater. I believe he made an initial large donation and his trust continues to donate.

@73 Reds So would the plural be LEAPSes? LOL

Hope I am not sounding like a jerk, but it is LEAPS not LEAPs, Long-term Equity AnticiPation Securities.

@dealraker that is one of my favorite movies. I've seen it a dozen times.

@Parsad I love rewatching any of those old Clint Eastwood movies. And of course Shawshank Redemption.

RIP Jesse

All of my purchases have been on Fridays

Thanks @bargainman

The greatest known suppressant of REM sleep is alcohol. So alcohol is used in studies to look at what REM sleep does.

Thanks @flesh I was under the impression that adenosine continuously builds as you are awake causing that sleep pressure and that it gets removed while you sleep by your glymphatic system. And that the way caffeine makes you feel awake is that it can out compete adenosine, but does not change your adenosine levels that continue to build. I'll have to do more research!

Could you expand on your adenosine comments? After a good night's rest your adenosine should be at their lowest levels. Caffeine blocks adenosine receptors, but you don't have any, or much, adenosine to block. TIA

You only use market orders?

Exactly

@sleepydragon I rarely write a put that is more than a month out. 70% are two weeks or less. I often write them the week they expire. There is a lot pf time premium that evaporates quickly, which I collect. Also if I am using the puts to purchase the stock I am hoping it happens soon, before the stock goes up. That is the only downside I experience, the stock goes up so I only collect the put premium and not the appreciation in the stock. But for acquiring a stock, the only time I didn't get the position I wanted was with MCD when I was trying to get it around $95. MCD went up to about $125 and so I didn't purchase it . Mistake. My brother has had MCD for a long time (~40 years) and I think he said each dividend is more than the original cost of his MCD.

You only do this on companies you are willing to own. It is like writing insurance. You collect the premiums and then when there is a claim what you pay out gets you a company you are willing to own. It is no different than deciding I want to buy 100 shares of BRKB outright or doing this by writing a put and getting put to at a little better price. You changed the narrative to a "wheel"??? Whether you buy the stock, or get it by being put to, you are in the same position if it craters. Is it not?

@sleepydragon and @73 Reds My playing around with options predated those books! I started with LEAPS by Harrison Roth and Options for the Stock Investor by James Bittman. I haven't looked at those book for 30 years, so they were probably good for me at the time. I have, and long ago read, the McMillan book. I'll Have to get the Option Volatility & Pricing Book as I haven't seen that one.

@sleepydragon "selling puts makes sense too. You can have your cash earning 4% plus getting put premium. When things go bad, you buy some stocks. But Brk’s put is too cheap nowadays, partially because interest rate is high and vol is low. You make like what, 2% writing a 1 year 10% otm put, i think? Not worth doing really, imo" Unless you are fully invested at 4%?

@Martian I shouldn't perpetuate this but how is "But selling puts come with it’s own risks as the stock might crater and you are left holding the bag" any different than buying the stock? Other than you are a little better off writing the put because you have the put premium.

@Martian I love the cartoon and the movie wasn't half bad. I love the out take at the end when they surprised Jennifer with the theme to Friends. Edit: 90% of my plays are with an expiration of less than 2 weeks. Often a week or less.

It would be great if Warren can keep going as long as Brenda has! I was researching for a book I was writing about 10 years ago and looking into memory. I was reading some seminal work Brenda did starting in 1953. Then I was googling something about Brenda's work and this picture pops up of her lecturing in 2014! So every time I give a talk on this I check to see if Brenda is still with us and so far she is. She will be 107 in July.

Well said @gfp There are many on this board who do, and will always do, a lot better than I do. It is clear from the performance poll every year. Do I need to do better? No, I still have my day job, which I tap dance to at the age of 71 and I hope to do it as long as Brenda Milner has! https://www.amightygirl.com/blog?p=25635 And I know I do better than if I owned the S&P. Plus I have fun doing it when I have the time.