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.
MattR Posted October 27, 2021 Posted October 27, 2021 6 hours ago, formthirteen said: 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. It's not the next disney, it's Nintendo. Loved Franchises (Super Mario, Pokemon, Zelda, Metroid....). I would say that their IP is even stronger than something like Mikey Mouse.
Gregmal Posted October 27, 2021 Posted October 27, 2021 Trimmed some MSFT, bought some APTS April 2022 $10 calls, added some VIX November $25 calls.
Lance Posted October 28, 2021 Posted October 28, 2021 Added to MO and V. Wrote puts on MO. Thanks Lance
rkbabang Posted October 28, 2021 Posted October 28, 2021 Sold my Jan $12.50 APTS calls (over 90% gain) and bought Apr $10 calls (safer and more time).
E. Nashton Posted October 28, 2021 Posted October 28, 2021 29 minutes ago, Lance said: Added to MO and V. Wrote puts on MO. Thanks Lance V as well for me.
Gregmal Posted October 28, 2021 Posted October 28, 2021 Grabbed a little more JOE, shorted some MO puts, and laughed a little at AMZN and AAPL.
JRM Posted October 28, 2021 Posted October 28, 2021 27 minutes ago, Gregmal said: Grabbed a little more JOE, shorted some MO puts, and laughed a little at AMZN and AAPL. I was looking at puts on MO today, but the IV is so low the premiums didn't seem great.
Gregmal Posted October 28, 2021 Posted October 28, 2021 21 minutes ago, JRM said: I was looking at puts on MO today, but the IV is so low the premiums didn't seem great. Got a few Jan 2022 42.5s for ~$1.2. If I get put the shares it's "good enough". The biz is inflation resistant and basically a royalty/call option on prosperity/wage increases for the poor people.
KJP Posted October 29, 2021 Posted October 29, 2021 (edited) Altice USA June 2023 $15 calls in non-taxable account. After wash-sale period, I will sell Altice USA common in a taxable account for a loss. In the meantime, I've got double the exposure. Edited October 29, 2021 by KJP
Spekulatius Posted October 30, 2021 Posted October 30, 2021 12 hours ago, ANP301191 said: Added to AMZN, TTM (Tata Motors ADR) today @ANP301191 What is your thesis on TTM?
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