Gregmal Posted October 22, 2021 Posted October 22, 2021 47 minutes ago, Lance said: MSB Thanks Lance The end game is coming into focus now. Today’s remarks make that clear.
formthirteen Posted October 25, 2021 Posted October 25, 2021 (edited) IIVI (two six) Edited October 25, 2021 by formthirteen
E. Nashton Posted October 26, 2021 Posted October 26, 2021 On 10/22/2021 at 11:23 AM, Dean said: FB Some more FB.
Red Lion Posted October 26, 2021 Posted October 26, 2021 On 10/21/2021 at 11:59 AM, Gregmal said: Why not hit the $350s? You'd take in over $50 a share. I'm going to look into doing this. I've just finished setting up a 401k for my business and should be making the max employee contribution this week. I've set this account up for limited options privileges at Schwab. This should be great for cash secured puts, although the account will only be starting with $19,500 so even the $350s would be slightly out of range. I have a taxable concentrated portfolio of common stock (mostly alternative asset managers) that are sitting on significant capital gains, and am trying to put as much money as possible into tax deferred accounts so I have more flexibility to pursue some options strategies/trading/higher yield investments. I've really enjoyed reading your posts and the thread on APTS is part of the reason I paid for membership.
rkbabang Posted October 26, 2021 Posted October 26, 2021 Jan 2023 $250 TSLA puts. Probably a total loss, but in the event of a market crash in the next year or the unlikely event that people coming to their senses about TSLA it could pay off.
Gregmal Posted October 26, 2021 Posted October 26, 2021 10 minutes ago, RedLion said: I'm going to look into doing this. I've just finished setting up a 401k for my business and should be making the max employee contribution this week. I've set this account up for limited options privileges at Schwab. This should be great for cash secured puts, although the account will only be starting with $19,500 so even the $350s would be slightly out of range. I have a taxable concentrated portfolio of common stock (mostly alternative asset managers) that are sitting on significant capital gains, and am trying to put as much money as possible into tax deferred accounts so I have more flexibility to pursue some options strategies/trading/higher yield investments. I've really enjoyed reading your posts and the thread on APTS is part of the reason I paid for membership. Thanks my man. No problem. Love helping folks out and when Im not annoying them with politics hopefully allowing them to see investing is not that hard you just have to rejigger the framework sometimes and that you dont need a financial professional in order to take care of yourself. Tangentially, folks too often become infatuated with specific companies, names, tickers, etc. The only thing that matters is the money you stand to make or lose. So for the above, the most likely scenario is you get $50 against a ~$500 stock for a couple years tie up. I'd actually probably move up a year to the 2023 $350s and just take the $35. Then you can either hit it again as those get closer or roll down again for another year. SAM is kinda a quirky stock...its really good value if you get put under $400 and pretty poor value over $500(just my opinion), and either way you know there's buyout upside solely because the big boys are shitty allocators and will pay up for good brands and shelf space, both of which SAM has.
Gregmal Posted October 26, 2021 Posted October 26, 2021 49 minutes ago, rkbabang said: Jan 2023 $250 TSLA puts. Probably a total loss, but in the event of a market crash in the next year or the unlikely event that people coming to their senses about TSLA it could pay off. These are great sort of trades. High leverage ways to cover your ass if the music stops. In a certain sense its funny because folks think this is a bad idea because if the music doesnt stop you will certainly lose money. Even if it kinda stops, you can lose money. The most likely outcome is in fact a write-off. And this is true. But how many of those same folks have home insurance? I bet you none of them look at their annual renewal notice and say to themselves "terrible trade John. Just lost 100%. If such as such happens that policy premium is another write off! Doh' and now they want 20% more money for the same contract as last year!?!"...
rkbabang Posted October 26, 2021 Posted October 26, 2021 2 hours ago, Gregmal said: These are great sort of trades. High leverage ways to cover your ass if the music stops. In a certain sense its funny because folks think this is a bad idea because if the music doesnt stop you will certainly lose money. Even if it kinda stops, you can lose money. The most likely outcome is in fact a write-off. And this is true. But how many of those same folks have home insurance? I bet you none of them look at their annual renewal notice and say to themselves "terrible trade John. Just lost 100%. If such as such happens that policy premium is another write off! Doh' and now they want 20% more money for the same contract as last year!?!"... Exactly. Everyone should have a few black swan positions.
Spekulatius Posted October 26, 2021 Posted October 26, 2021 28 minutes ago, wisowis said: TPB Remember the fallen….FinTwit favorites.
bargainman Posted October 27, 2021 Posted October 27, 2021 On 10/6/2021 at 11:14 AM, ERICOPOLY said: Yes. Potential for 5% of capital vaporized. Strikes are $70, $110. $140. @ERICOPOLY why these particular strikes and expiration? If you don't mind sharing
ERICOPOLY Posted October 27, 2021 Posted October 27, 2021 1 hour ago, bargainman said: @ERICOPOLY why these particular strikes and expiration? If you don't mind sharing I've said before that I'm no options expert. But I went with shorter term $140 strike at-the-money for some because I don't want to be cut too badly if the stock dropped below that level and because it takes less capital to do so. Plus by going shorter term I'll lose less premium if there is a large move away from strike. The deeper ones are where I picked up some 2024 although some of those are also shorter term because let's face it if the stock takes off to $300 I won't want to be so heavily concentrated in it anymore so why put so much premium at risk.
MattR Posted October 27, 2021 Posted October 27, 2021 10 hours ago, Spekulatius said: Remember the fallen….FinTwit favorites. I also bought. Growth is still solid, sharebuybacks are increasing and with current share price would be 6,8% of the company. Including the dividend it's a 7,5% yield for a year. Seems decent.
formthirteen Posted October 27, 2021 Posted October 27, 2021 10 hours ago, Spekulatius said: Starters: TPB, INTC Adds: LMT, NTDOY Interesting that LMT is down 11.80%, should be a good cash substitute. I owned TPB for a while, but had no conviction and sold. NTDOY is interesting, but I'm skeptical of "the next Disney" thesis, maybe I need to dig deeper. I have no conviction in the INTC turnaround, maybe we don't even need one to profit.
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