Economy stonks v19, ffs. nasdaq is murdered

kahiljabroni said:
I gotcha. I did some cash covered puts recently...its a win win. U targeting any particular stocks?

I've looked into selling covered calls on some of my positions but the premiums are trash
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uwmc, cciv with deep itm 1/2023s, maxn, asts, indi, fcel, mnmd, bark...

with short calls, if premiums are bad, it might be better to buy call leaps (since cheap) and sell weeklies/monthlies on them, instead of shares.
 
rob mafia said:
uwmc, cciv with deep itm 1/2023s, maxn, asts, indi, fcel, mnmd, bark...

with short calls, if premiums are bad, it might be better to buy call leaps (since cheap) and sell weeklies/monthlies on them, instead of shares.
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I just came to appreciate leaps recently. I have some uwmc leaps but I'm kicking myself for not backing up the truck during the small cap massacre recently. Pltr, ttcf, rkt, etc etc etc were so beaten down I could have loaded the boat on 2023 calls.
 
kahiljabroni said:
I just came to appreciate leaps recently. I have some uwmc leaps but I'm kicking myself for not backing up the truck during the small cap massacre recently. Pltr, ttcf, rkt, etc etc etc were so beaten down I could have loaded the boat on 2023 calls.
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to be fair, when uwmc was rekt, it was probably safer to buy shares (which i did... but i just sold them all the other week), the iv on uwmc was always kinda high.
 
Damnit I am sloppy and off my game from traveling too much.
Completely forgot to try to short TRCH in my other brokerage during regular session -_-
From AH top to here was 30% on commons.
 
Just had an epiphany that CRK is gonna get sold by Jerry Jones imo in a year or two.
 
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i'm really sick of these fed testimonies just being hijacked for jackass politicians to grandstand. like, what's the point?

they should give jpow a buzzer and he should just buzz them every time they grandstand/don't ask a relevant question. make this shit relevant for once.

edit: fuck it, they should just make it a game show. the states get penalized for the buzzes.
 
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brackis1 said:
Damnit I am sloppy and off my game from traveling too much.
Completely forgot to try to short TRCH in my other brokerage during regular session -_-
From AH top to here was 30% on commons.
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Sold this morning. It’s 2 bucks under what I sold. My scam detector was right. They had to raise capital and did it on a day most investors would take profit. It was a double whammy and it crashed. I will look to get back in under 6, if it does not get there oh well made over double my money.
 
44nutman said:
Sold this morning. It’s 2 bucks under what I sold. My scam detector was right. They had to raise capital and did it on a day most investors would take profit. It was a double whammy and it crashed. I will look to get back in under 6, if it does not get there oh well made over double my money.
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Of course now it’s rallying after market
 
rob mafia said:
to be fair, when uwmc was rekt, it was probably safer to buy shares (which i did... but i just sold them all the other week), the iv on uwmc was always kinda high.
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U think its a good time to buy amd for a long term hold?
 
Congrats to MSFT on joining the $2 trillion club. AMZN and GOOGL should be joining them soon.
 
kahiljabroni said:
U think its a good time to buy amd for a long term hold?
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probably.

amd is going to skyrocket. imo, it's a question of when and not if. it seems coiled... but it might not go apeshit for another few months. the xlnx deal seems to be the big x-factor. the irony is that amd should skyrocket whether it's approved or not (and might even make more gains if it's not approved).

but honestly, damn near every day there's good news (from the earnings to computex surprises to exynos to $4B for buybacks to google/epyc to the rdna rumours (both the next GPUs and google wanting to license the IP for android)... it's kind of ridiculous. and their PE's dropped (a lot) while the sector's gained...

the only question is if it's going to dip back to 70s again before then or not. honestly, if the iv was higher, i'd probably close positions on most other tickers and just play both sides of this hard... like it's 2019.
 
rob mafia said:
probably.

amd is going to skyrocket. imo, it's a question of when and not if. it seems coiled... but it might not go apeshit for another few months. the xlnx deal seems to be the big x-factor. the irony is that amd should skyrocket whether it's approved or not (and might even make more gains if it's not approved).

but honestly, damn near every day there's good news (from the earnings to computex surprises to exynos to $4B for buybacks to google/epyc to the rdna rumours (both the next GPUs and google wanting to license the IP for android)... it's kind of ridiculous. and their PE's dropped (a lot) while the sector's gained...

the only question is if it's going to dip back to 70s again before then or not. honestly, if the iv was higher, i'd probably close positions on most other tickers and just play both sides of this hard... like it's 2019.
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Thanks for the detailed feedback. What do you think about selling a cash secured put for 2023?

It's 82.50 strikeprice for 1390$

Then taking the 1390 and buying calls a few months out? Or shares?

Or I was considering buying a few grand worth of shares. Then adding more everytime it drops and if it doesn't drop then just hold the original shares.
 
kahiljabroni said:
Thanks for the detailed feedback. What do you think about selling a cash secured put for 2023?

It's 82.50 strikeprice for 1390$

Then taking the 1390 and buying calls a few months out? Or shares?

Or I was considering buying a few grand worth of shares. Then adding more everytime it drops and if it doesn't drop then just hold the original shares.
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it all depends on your warchest/etc.

if you have plenty of funds, the weak premium (low iv) makes it not very enticing.

if you lack funds, it could be a good source of quasi-leverage... but you might want to go bigger and look for strikes of 100-120.

i sold my long leaps (oops. was playing the dips/peaks on them for like 6 months) a few days ago, but might buy more. i have plenty of shares, though.

buying calls a few months out is a gamble. i have no idea - the biggest factor is china and they're hard to gauge. i'd stick to 2022+, it could be the end of 2021 before the merger happens.
 
rob mafia said:
it all depends on your warchest/etc.

if you have plenty of funds, the weak premium (low iv) makes it not very enticing.

if you lack funds, it could be a good source of quasi-leverage... but you might want to go bigger and look for strikes of 100-120.

i sold my long leaps (oops. was playing the dips/peaks on them for like 6 months) a few days ago, but might buy more. i have plenty of shares, though.

buying calls a few months out is a gamble. i have no idea - the biggest factor is china and they're hard to gauge. i'd stick to 2022+, it could be the end of 2021 before the merger happens.
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Interesting. So I took a look at the 2023
120 strike. They are going for 40ish.
So if I sold that put id get 4k now and as long as AMD is above 80 I will not get assigned come January 2023?


I just sold off some positions to raise cash so I've got some dough to play with. I could just buy shares but I've been wanting to get into selling contracts. I figure instead of waiting around for a dip in amd I could sell the put
 
kahiljabroni said:
Interesting. So I took a look at the 2023
120 strike. They are going for 40ish.
So if I sold that put id get 4k now and as long as AMD is above 80 I will not get assigned come January 2023?
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no, you'd get assigned as long as it's under the strike, ie: 120. but the breakeven would be ~80. (ie: if it's at 100, you'd get assigned but would still be profiting by ~2k)
 
rob mafia said:
no, you'd get assigned as long as it's under the strike, ie: 120. but the breakeven would be ~80. (ie: if it's at 100, you'd get assigned but would still be profiting by ~2k)
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Ok that makes sense. Going to keep an eye on it and pick some up hopefully on a dip or even a breakout.
 
CLSK a shitcoin meme run stock perhaps joining Russell?
 
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