dipod

Sold cash secured puts on Cigna expiring this Friday. Decent premiums given the huge drop today.

Largely in cash. But selling very short term CSPs in the interim on stocks I don't mind owning. Have some bearish options positions. Hard to time anything, but not liking the current pricing situation in the market.

Sold 1 week cash secured puts on CVS ($69). Cheap stock, buybacks, reducing debt, and growing revenues. Will study this some more. Might as well get a bigger discount if assigned.

Mayo is an excellent healthcare system with very knowledgeable physicians that cut across many spheres of healthcare.

QQQ Dec 2023 puts. Up 40% already this year. I just wonder how likely it is to keep rising. Also lost some sums on NVDA puts. I'll probably jump in again but with longer duration puts (2025 for example). Also considering TSLA. Sometimes I wonder if the inverse issues that track these names make more sense. NVDS for example is a good one with NVDA. Decay seems to be the major qualm here. SQQQ may also make sense.

Sold $28 put options on SU.

June 2023 $400 SPY puts

I've been averaging into 2025 LEAPS on most of these names that are a little OOTM. I believe with patience, these would do well. But it could be a rocky road in the interim. If inflation cools down significantly for any reason in the next 1-2 years, these names will do especially well.

SPY $400 3/24 calls.

SU, USB, and BAC 2025 calls.

What is going on with these canadian oil producers today??? Screaming buy and there's nothing crazy going on out there.

BAC and WFC 2025 calls

Was actually discussing this with a buddy last week. Bought a good slug of common shares this week but if the contagion continues next week, making selective purchases of LEAP calls makes a lot of sense here. I personally love JPM, C, SCHW, and some of these regionals.

@SpekulatiusBought as part of a basket of banks. There's risk there but the price is just too cheap to ignore. Of all the banks, it's my smallest position. Bulk is in BAC, WFC, and C.

Bought C, ZION, BAC, WFC today. NVDA September puts a few weeks ago.

Thank you all. Very useful points. In terms of an informal fear and greed for a stock, I love to look for unusual bumps to new lows or new highs based on a sudden change. For example a 1 day 20-30% drop gives me reason to take notice.

Extremes seem to pop off at different times in the markets. Obviously investing in companies that are well priced, stable, and growing earnings with good future prospects makes the most sense (and should take up the bulk of an investors portfolio). I do sometimes wonder about devoting a small percentage of an individual's portfolio to exploiting these extremes to add some alpha. Clear cut ones don't show up all the time but they do present themselves every now and then. a)EV bubble of the 2020s comes to mind. Lots of these companies with no positive earnings traded at insane valuations. There were also non-EV firms that just had one idea or the other with almost no discernible earnings that were bid up to insane multiples: PLTR is a good example. b)The great crude oil lows of the 2020s. There was a time when CVX dropped to the high 60s. There was maximum pessimism at the time. It has roughly tripled from these lows. c)The crazy BTC surge before it's more recent drop. Companies like MSTR and MARA were insanely priced. They almost fit what a reasonable observer might call a bubble to a T. d)Big TECH (META comes to mind) also had a very negative run last year. But they have heavily rewarded individuals that bought at their ridiculous lows. As a younger investor with some, but not as much experience compared to the others on this forum, would you call making directional bets on these kinds of opportunities value investing? I imagine that some of these asymmetric opportunities could generate significant returns if a long term mindset and well priced derivatives are acquired (say LEAP Calls and Puts). With derivatives, the max loss can be pre-defined but the gains can be notable under the right circumstances. There's obviously the issue of the market remaining irrational for prolonged time periods. I recently watched the documentary on the Beanie Mania and it was quite instructive on how human psychology does move things in strange directions that make no long term sense. From the informal side, I notice that a good source of these "extreme ideas" is just informally gauging what financial media is heavily fixated on. On a semi-quantitative basis, many reddit threads kept mentioning the death of many tech companies during the back half of last year. There were very few threads talking about any value in names like META. Over time, mean reversion has taken its course with many of them. In a currently playing out scenario, AI has become the new buzzword on social media. Lots of these AI firms have been bid up quite significantly over the last few weeks. I believe AI is certainly useful but it does not explain why names like NVDA, C3.ai, BBAI should almost double in a short time frame. Lots of rambling on my part but for those with experience in situations like these, how do you typically evaluate these opportunities, size them, and make bets? And mods, pls delete this if it's not appropriate for this sub. I read so many of the posts on here and learn a ton from them.

Just want to say that I really appreciate your posts here. Always very informative and provide a good, long term perspective.

TSLA $110 puts 9 months out

CNQ, SU, JOE, AMZN

Merry Christmas

JOE. 2024 Jan TSLA $100 puts.

You're right. When people have severe COVID and go into sepsis/septic shock, other organs take a hit. Some patients with severe infection end up requiring more than just "respiratory care" in the hospital. Some go into renal failure and have to be placed on bedside dialysis. Having sepsis also makes you susceptible to many other things that are not ideal from a health perspective.

AIV. Now my largest position.

Bought back the $50 CNQ puts to close my position at a profit after the bump today.