Gregmal Posted July 13, 2023 Posted July 13, 2023 On 1/19/2021 at 12:54 PM, Gregmal said: Bought a tiny, 100% speculative XRP position before the trading suspension. Dont give 2 hoots about XRP but I think I am comfortable with my understanding of how SEC related issues get resolved and and while there is always the risk its wiped out or never trades again on a mainstream basis(hence small position), if things go the way I expect them to this should open 3-4x higher than where it is now. Exactly. as. expected.
Malmqky Posted July 14, 2023 Posted July 14, 2023 Might exit Berkshire and Micron and use proceeds to buy FFH. I don’t want to sell the aforementioned but they’re not exactly cheap and the setup for FFH is sooo nice atm… Maybe I should use some margin instead … Bought some more BTI using MO and PM dividends while I contemplate.
Saluki Posted July 14, 2023 Posted July 14, 2023 Sold some META in my retirement account and deployed it to FFH, STNG and OXY.
dipod Posted July 14, 2023 Posted July 14, 2023 Starter in FRFHF. Need to do some more digging on the robust thread.
Castanza Posted July 17, 2023 Posted July 17, 2023 (edited) Picked up some ATVI and some weeklies $95s for shits and giggles Edited July 17, 2023 by Castanza
gfp Posted July 17, 2023 Posted July 17, 2023 what are the "weeklies 95s?" 95 strike call options that you are long???
Castanza Posted July 17, 2023 Posted July 17, 2023 (edited) 40 minutes ago, gfp said: what are the "weeklies 95s?" 95 strike call options that you are long??? July 21st expiry 95 strike calls.....very small amount (beer money). Figure with the 18th deadline tomorrow why not? Edited July 17, 2023 by Castanza
gfp Posted July 17, 2023 Posted July 17, 2023 1 hour ago, Castanza said: July 21st expiry 95 strike calls.....very small amount (beer money). Figure with the 18th deadline tomorrow why not? Isn't the deal price 95 cash?
Castanza Posted July 17, 2023 Posted July 17, 2023 33 minutes ago, gfp said: Isn't the deal price 95 cash? Yeah but the stock is trading at 92 and change this morning. Picked up some calls at 95 strike at .31 this morning figuring if the deal closes they will be itm and I'll get a cash out on the merger per OCC adjustment or if we get a decent bump today I'll sell before eod. Depends on volume too (which is why it's beer money).
gfp Posted July 17, 2023 Posted July 17, 2023 1 minute ago, Castanza said: Yeah but the stock is trading at 92 and change this morning. Picked up some calls at 95 strike at .31 this morning figuring if the deal closes they will be itm and I'll get a cash out on the merger per OCC adjustment or if we get a decent bump today I'll sell before eod. Depends on volume too (which is why it's beer money). I guess I am missing something. I was under the impression that 95 strike calls expire worthless on a cash deal at 95. They aren't in the money at 95. It would be a loss of 31 cents.
Castanza Posted July 17, 2023 Posted July 17, 2023 (edited) 28 minutes ago, gfp said: I guess I am missing something. I was under the impression that 95 strike calls expire worthless on a cash deal at 95. They aren't in the money at 95. It would be a loss of 31 cents. LOL no you're right, my dumbass was thinking atm is itm...Don't trade options at while the gym Gonna list them and see if I can collect my 6 cents lmao Edited July 17, 2023 by Castanza
Saluki Posted July 17, 2023 Posted July 17, 2023 trimmed a little META in my retirement account and bought some FFH and OXY.
backtothebeach Posted July 17, 2023 Posted July 17, 2023 2 hours ago, gfp said: I guess I am missing something. I was under the impression that 95 strike calls expire worthless on a cash deal at 95. They aren't in the money at 95. It would be a loss of 31 cents. There is a chance they will extend the deal with a slight bump in acquisition price. Depending on the size of the bump, if there is one, the stock may trade above $95 this Friday.
Saluki Posted July 19, 2023 Posted July 19, 2023 (edited) Trimmed in my retirement account and bought a little FFH and STNG EDIT: added a little BTI in my taxable account after I sold IPI. Edited July 19, 2023 by Saluki
Malmqky Posted July 19, 2023 Posted July 19, 2023 Fairfax is a 25% position otherwise I’d buy more. Starter in CI and ELV while I research them more
Saluki Posted July 19, 2023 Posted July 19, 2023 21 minutes ago, Malmqky said: Fairfax is a 25% position otherwise I’d buy more. Starter in CI and ELV while I research them more I just checked and FFH is 9% for me so I'm adding as funds become available. Out of my largest holdings (BRK, GOOG, JOE and FFH), it's the only one that still looks attractive to add to at these prices.
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