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Sanrith Descartes

Sanrith Descartes

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Fogel Fogel You said you sold LAZR covered calls expiring Friday at $22.50? There is a bit of arbitrage going on and it looks profitable for you to roll out and up to the $25 strike. Not a huge amount but definately something to think about if you you aren't sure its going to settle below 22.50 and dont want to get assigned. The big downside is that it locks your shares up for another month and you might lose out on another spike up if it happens. Just a thought. I don't suggest it since my guess is it settles below $22.50 but I could be totally wrong :D

My $20 strike calls still need some help at this point.
 
Fogel

Fogel

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Sanrith Descartes said:
Fogel Fogel You said you sold LAZR covered calls expiring Friday at $22.50? There is a bit of arbitrage going on and it looks profitable for you to roll out and up to the $25 strike. Not a huge amount but definately something to think about if you you aren't sure its going to settle below 22.50 and dont want to get assigned. The big downside is that it locks your shares up for another month and you might lose out on another spike up if it happens. Just a thought. I don't suggest it since my guess is it settles below $22.50 but I could be totally wrong :D

My $20 strike calls still need some help at this point.
Click to expand...

It's only a .20 a share profit for a whole month, I'll suffer with my 1,450$ profit if I'm assigned :(
 
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Sanrith Descartes

Sanrith Descartes

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Fogel said:
It's only a .20 a share profit for a whole month, I'll suffer with my 1,450$ profit if I'm assigned :(
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I am actually looking at the $17.50 strike puts expiring on Friday. They shot up to like 30 cents at the bottom.
 
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Captain Suave

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Khane said:
I would never even consider not owning a vehicle.
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You're probably not the target demographic. Even if a perfect self-driving car were released tomorrow and took a 100% share of new sales, we'd still see a 20-year transition period as the current auto fleet ages out. In practicality it will take longer than that unless some market force like elevated insurance rates for human drivers make individual vehicles prohibitively expensive. Either way, it's fairly likely that my kids will find owning a vehicle much less of an imperative than our generation.
 
Jackie Treehorn

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It’s not even feasible to not have a car in the Bay Area or LA. You can kinda get away with it in SF if you’re that type of person. I live in the East Bay and drive probably 100-200 miles a week just for personal stuff / seeing friends nearby.
 
Sanrith Descartes

Sanrith Descartes

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TRIT (formerly NFIN)

edit: Of course they do this 2 days before my covered calls expire. Fuckers.

 
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Sanrith Descartes

Sanrith Descartes

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Fogel said:
Just found this, first rumors of an actual company, Tokopedia, which is a large south east asia E commerce company

ca.finance.yahoo.com

Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal

(Bloomberg) -- Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter.The special purpose acquisition company is...
ca.finance.yahoo.com ca.finance.yahoo.com
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Finished the day +22% and now +5% in the after party.
 
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Fogel

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It seems like everyday now the after market buys up LAZR and it tanks during normal hours, lets see if the cycle continues, it's up 10% so far.
 
Sanrith Descartes

Sanrith Descartes

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Fogel said:
It seems like everyday now the after market buys up LAZR and it tanks during normal hours, lets see if the cycle continues, it's up 10% so far.
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Mobileye put out a release stressing their collaboration with LAZR is "full speed ahead". My guess is someone with a vested interest in LAZR "reached out" and tapped someone on the shoulder. I predict a new release on Monday (after options expiry on Friday) "Correcting" this release.

edit: this is an exact copy/paste. Notice Marketwatch included the quotes around the word clarified.

Shares of Luminar Technologies Inc. LAZR, -17.62% bounced 4.4% in premarket trading Wednesday, after the maker of autonomous vehicle sensor and software maker said its collaboration with Intel Corp.'s INTC, +0.39% Mobileye remained "full speed ahead." The companies "clarified" their deal announced on Nov. 20, after Luminar's stock plunged 17.6% on Tuesday as a MarketWatch sourced confirmed a Reuters report that Mobileye planned to develop its own sensors.
 
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Sanrith Descartes

Sanrith Descartes

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Why reading SEC filings and doing due diligence is important. So SPAC THBR announced a merger with Indie Semiconductor who makes semi-conductors for "autonomous driving vehicles". I do some digging since I had never heard of Indie. Estimated value of the reverse-merged company will be 1.4 billion. Turns out Indie has projected 2020 revenue of 23 million dollars. Not EBITDA of 23 million. No. Total revenue of 23 million. Not billion. Million. SMH.

Also prepare for "autonomous driving industry" to be synonymous with "block-chain" where every little company around is going to be an "autonomous driving" company. I can't wait for food trucks and t-shirt shops to rebrand as "autonomous driving suppliers". "We sell the t-shirts that the guys over at Waymo wear to work".
 
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Sanrith Descartes

Sanrith Descartes

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Closed out my second set of QQQ puts at 70% profit. All I have left open for puts at this point are TRIT which I'm letting expire on Friday. Not worth spending the nickle to close them.
 
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Furry

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Sanrith Descartes said:
Why reading SEC filings and doing due diligence is important. So SPAC THBR announced a merger with Indie Semiconductor who makes semi-conductors for "autonomous driving vehicles". I do some digging since I had never heard of Indie. Estimated value of the reverse-merged company will be 1.4 billion. Turns out Indie has projected 2020 revenue of 23 million dollars. Not EBITDA of 23 million. No. Total revenue of 23 million. Not billion. Million. SMH.

Also prepare for "autonomous driving industry" to be synonymous with "block-chain" where every little company around is going to be an "autonomous driving" company. I can't wait for food trucks and t-shirt shops to rebrand as "autonomous driving suppliers". "We sell the t-shirts that the guys over at Waymo wear to work".
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At some point the gov will place its boot down on the whole autodriving thing. They will be the gatekeeper and set standards. Which auto driving company is pelosi investing in again?
 
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LachiusTZ

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Musk has constantly pissed off the left, guessing his white male privilege will cost him.

Is there a black owned self driving company with a few dick choppers on the board?
 
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Flobee

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LachiusTZ said:
Musk has constantly pissed off the left, guessing his white male privilege will cost him.

Is there a black owned self driving company with a few dick choppers on the board?
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If there isn't yet, just wait. Activist investors will buy one and diversify it before too long. Happening to every other industry
 
Borzak

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The car they showed in the release looked like it would get stuck in a pothole here. I know it's very early....
 
Fogel

Fogel

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I did more reading on trit and decided to open a small long position. I got in at 13.90, wish I got in a little lower but if it performs the way it's supposed to then its not that big a deal.
 
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