Investing General Discussion

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BoozeCube

BoozeCube

The Wokest
<Prior Amod>
54,031
320,460
Prepare your buttholes gentlemen.

GV7HdZXLLb0q.jpeg
 
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Fogel

Fogel

Mr. Poopybutthole
13,745
55,615
That's the thing...writing calls / puts on these cheap, low IV stocks arent worth it. What are you making? 10 bucks?
Click to expand...

If you write the june 16 11$ expiry you're getting 0.18. If you do the math, that's about 2% which is right in line with my current strategy of 0.25 - 0.5% weekly.
 
Fogel

Fogel

Mr. Poopybutthole
13,745
55,615
Sanrith Descartes said:
But... Would you actually want to own it if you get assigned?
Click to expand...

For short term, even the premium on the covered calls looks good. Or I could just cut bait and resell. Was able to get the 11$ 6/16 for 0.23$ so much better than I anticipated
 
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Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,195
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Fogel said:
If you write the june 16 11$ expiry you're getting 0.18. If you do the math, that's about 2% which is right in line with my current strategy of 0.25 - 0.5% weekly.
Click to expand...
You are doing it wrong Boomer. Your target is 5% a day.
 
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ShakyJake

ShakyJake

<Donor>
8,041
20,299
Fogel said:
If you write the june 16 11$ expiry you're getting 0.18. If you do the math, that's about 2% which is right in line with my current strategy of 0.25 - 0.5% weekly.
Click to expand...
You're right. That's not unreasonable and looks like good support at 11.
 
Fogel

Fogel

Mr. Poopybutthole
13,745
55,615
Already bought out my AMD puts for 85% profit and its now over 100$, will probably wait for a dip before I sell more puts on it.
 
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Mist

Mist

REEEEeyore
<Rickshaw Potatoes>
31,793
24,460
Wall Street Groundhog says 6 more months of chop, put all your money in JEPI.
 
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Jysin

Jysin

Ahn'Qiraj Raider
6,593
4,610
Because no one is expecting a debit ceiling deal to be made today. It would likely trigger some de-risking the closer we get to June 1st.
 
Pasteton

Pasteton

Blackwing Lair Raider
2,880
2,051
Money markets are like 5% now, if you have cash in bank and not in one of those you lose all rights to laugh at tide pod eaters or other stupid gen z shit
 
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Mist

Mist

REEEEeyore
<Rickshaw Potatoes>
31,793
24,460
Pasteton said:
Money markets are like 5% now, if you have cash in bank and not in one of those you lose all rights to laugh at tide pod eaters or other stupid gen z shit
Click to expand...
My SOFI account is 4.25%, SPAXX/FCASH/etc are around 4.7%.
 
Jysin

Jysin

Ahn'Qiraj Raider
6,593
4,610
Pasteton said:
Money markets are like 5% now, if you have cash in bank and not in one of those you lose all rights to laugh at tide pod eaters or other stupid gen z shit
Click to expand...
Just leaving uninvested cash in Fidelity brokerage is paying 4.75% now.

Schwab (TD Ameritrade / Think or Swim) is still paying fuck all nothing on cash seeep and is partly why they are dealing with cash flight to better yields. Quite the price dump on SCHW during this banking crisis for such a big name.
 
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