what are you selling today?

[Spekulatius]

Sold most of my COF to reduce risk here.

[longlake95]

Thinking of selling some HPS.a...

[Whensthepaintdry?]

Sold some CC on WWW. 

[lnofeisone]

Selling CVE calls against my warrants position. 

[Pelagic]

47 minutes ago, lnofeisone said:

Selling CVE calls against my warrants position. 

 

How does this work from your broker's perspective, are they treating it like a covered call?

[lnofeisone]

3 hours ago, Pelagic said:

 

How does this work from your broker's perspective, are they treating it like a covered call?

They are treating as a naked call. 

[Stuart D]

6 hours ago, lnofeisone said:

They are treating as a naked call. 

So if the call you sold is exercised in the money, will that automatically trigger the exercise of your warrants?
 

Or

 

Does it being a ‘naked’ call mean you’d need to buy shares at current market price with cash and then sell them to the owner of the call at the strike price?

Cheers,

 

[lnofeisone]

6 hours ago, Stuart D said:

So if the call you sold is exercised in the money, will that automatically trigger the exercise of your warrants?
 

Or

 

Does it being a ‘naked’ call mean you’d need to buy shares at current market price with cash and then sell them to the owner of the call at the strike price?

Cheers,

 

I don't expect the call to be exercised (I sold 30 Jan 24 calls). Let's say CVE gets to 30 and calls are exercised, TD will borrow and assign the shares at $30/share, which will net out to be me being short CVE at 30. Since I have the warrants, I could theoretically exercise them and get the shares assigned to me from someone else, netting out to 0. In reality, I'll likely sell the warrants and cover the short because of the tax mismatch. 

 

This is no different than buying a vertical bull spread. You always run the risk of someone exercising the leg that you sold if it goes too deep in the money. In this case, I'm using warrants as the long leg and selling options as the short leg. 

 

Just a friendly reminder, 100 warrants give you as many shares as 1 call so if you are holding 10,000 warrants, you can only sell 100 calls to create a risk profile of a vertical.  

[Stuart D]

14 hours ago, lnofeisone said:

I don't expect the call to be exercised (I sold 30 Jan 24 calls). Let's say CVE gets to 30 and calls are exercised, TD will borrow and assign the shares at $30/share, which will net out to be me being short CVE at 30. Since I have the warrants, I could theoretically exercise them and get the shares assigned to me from someone else, netting out to 0. In reality, I'll likely sell the warrants and cover the short because of the tax mismatch. 

 

This is no different than buying a vertical bull spread. You always run the risk of someone exercising the leg that you sold if it goes too deep in the money. In this case, I'm using warrants as the long leg and selling options as the short leg. 

 

Just a friendly reminder, 100 warrants give you as many shares as 1 call so if you are holding 10,000 warrants, you can only sell 100 calls to create a risk profile of a vertical.  

 

Thank you for explaining. That helps a lot.

[Spekulatius]

Reducing $JXN just a a bit in tax deferred accounts.

[Spekulatius]

Reduced $JXN (which is really ripping) a bit more. Reduced $CASH as well.

[Jaygo]

Sold my small amount of FND today.

 

I visited 5 stores last week, all but one were basically empty, so I expect I may get a better price down the line. IF that doesn't happen then oh well. My research continues current holding or not. The five stores were in the Carolinas, Virginia, DC metro and south Penn. South penn was a Saturday and it was definitely the busiest which tells me the homeowner is driving the bus not flooring contractors. I dont know how to process that information yet.

 

It think it is probably a category killer and I anticipate buying back what I sold. The reason for selling is that a 25% gain in a month to me with limited cash inflows is too sweet to turn down. 2 grand USD profit for my tfsa in 19 business days. The money went back into BRK.b that acts as my savings account.

 

If i decide to buy back after more research it will go into a taxable account that forces me not to dick around with trades.

 

 

[Saluki]

Trimmed a little Meta on the massive 23% pop today.   Still a good sized position for me, but I see some cheaper things that aren't in tech right now and I'm already fully invested. 

[Whensthepaintdry?]

Sold FND and added to MKL 

[Whensthepaintdry?]

Sold ally and Wbd as well. 

[Spekulatius]

Today is the day to let's turd's go because they really want to fly.

[Whensthepaintdry?]

That’s how I was feeling. I bought all of these in December and all 3 were up 40-70 percent. That seems silly to me.

[Paarslaars]

Sold my house yesterday. Will be adding about 150k in proceeds to my portfolio so I'm going bargain shopping over the next months.

[LC]

Took Sanjeev's "Van Life" topic to heart, eh? Kidding - congrats on the sale

[Paarslaars]

Fortunately no  we moved to a bigger place with bathroom & bedrooms on the ground floor (for our handicapped daughter).

 

I decided to increase the mortgage amount/time to 500k 25y fixed at 2.89%. Relatively 'cheap' loan allowing me to free up more capital to invest.

 

We have automatic indexation of salaries here in Belgium so inflation is gradually wiping away the loan. 

[Spekulatius]

Sold $TSN at a very small loss.

Not much meat on the bones with this earnings release.

[sleepydragon]

I sold my SCHW and Uber stocks.

 

[WayWardCloud]

Bet a bit against Tesla to protect my downside after very strong January gains.

June16'23 $190 Puts

[Spekulatius]

Reduced GOOGL a bit premarket.

[rossef2]

3 hours ago, Spekulatius said:

Reduced GOOGL a bit premarket.

What made you want to reduce? I see it's down today but not quite sure why.