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That looks pretty sick. Like a combination of a Tesla, the car from The Wraith and Nightrider.
Investing General Discussion
- Thread starter Furious
- Start date
That looks pretty sick. Like a combination of a Tesla, the car from The Wraith and Nightrider.
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Oh I did. I can't let a good scandal go to waste.
re: CCIV what ended up being the "big announcement"? My shares still flat around the 18 I paid for them, no crash or moon.
Sanrith Descartes
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I really had high hopes for TRIT. It was one of the few SPACs who had a business model I really liked. Too bad they had to fuck it up with the CEO cross-ownership shenanigans.
Sanrith Descartes
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Looks like I am the proud owner of some KO. Strike was $50 and I got 25 cent premium and the close is $48.70 so I look to be down 95 cents overall. A few weeks of covered calls and I should be in the black.
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Sanrith Descartes
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Sanrith Descartes
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Before the fuckery with the largest customer being about to declare bankruptcy and owing TRIT 7 million AND being owned by the same CEO as TRIT, yeah I liked them a lot as a long term play. I don't trust them now. If they got bought by someone trustworthy I might circle back.
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Sanrith Descartes
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Sanrith Descartes
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It has driven me to (as I posted a few days ago) move away from QQQ as my primary core ETF and over to FTEC (Fidelity's Tech ETF). FTEC doesn't have any companies from the XLC (Communication sector) so no TWTR, GOOG, GOOL or FB. That makes me happy. I will still trade the QQQ's because of its liquidity, but for buy/hold its now FTEC. And its net fee is much lower than QQQ (0.08%).
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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How does it compatre to TQQQ?
Ive been using TQQQ over QQQ to park money while trying to figure out next move
Sanrith Descartes
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TQQQ is 3x leveraged. FTEC is non-leveraged but uses a different index. I will find my post with the info and reply to it so it comes up.
Sanrith Descartes
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Sanrith Descartes
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Did the math and opted to take them rather than roll. I end up down just under a buck a share so Ill just sit back and throw some weekly covered calls. Its KO, so not like I am worried about it. I am actually going to think it through and maybe slot it into my portfolio as a hold since it covers a sector I need exposure to and the dividend yield is nice at a $49.75 cost basis. They have some tax liability issues they are fighting in court and it really tanked it the last 3 or 4 days. If they win in court it should take a nice pop back up.
Blazin
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Long term hold for me as you know, can make steady income on it selling options. Have been selling $55 strike calls against it last few months but now with price sub 50 those aren't going to pay crap, just be ready to sell a call on a price spike
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Sanrith Descartes
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I know you hold it long term. How do you think I ended up choosing it for the option write. I, of course, blame you for it tanking after I wrote it
Blazin
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I sold puts on it this month as well since I'm willing to take the position double it's current size, but I sold mine at $48 strike, resold those this week at $47.50 strike for 2/19.
I had taken a gamble this week and closed my $270 strike calls on LMT for pennies and resold 1/15 exp $250 strike for a nice haul, thankfully they expired worthless today and rolled them back to 2/19 $270s.
You guys flinging your penny stocks had me feeling frisky today and I took some risk and sold puts on FB at a $240 strike for a very juicy $8.90 premium
I had taken a gamble this week and closed my $270 strike calls on LMT for pennies and resold 1/15 exp $250 strike for a nice haul, thankfully they expired worthless today and rolled them back to 2/19 $270s.
You guys flinging your penny stocks had me feeling frisky today and I took some risk and sold puts on FB at a $240 strike for a very juicy $8.90 premium
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