it just got weekly options today and blew thru EVERY strike LOLOL

You can go create a digital wallet. Buy USDC. Transfer the USDC to said wallet. (And whether it's on the sol or ethereum blockchain have a little bit of those native tokens for transaction fees). You can then transact that USDC in real time near instantaneously without any approval from anyone else. It's permissionless. Meaning you don't need any permission to transact with it.

Ya. It's been wild. Got a hefty premium for a strike of 210 expiration in July.

It's hard to attack stocks like this. Sometimes I buy decently far OTM puts and wait for a dip to sell a further OTM put for a net free put spread. Seeing runners like this is a canary in the coal mine for me. I'm just waiting for the meme coin and/or penny stock push to cash out and go a bit more defensive.

What are the thoughts on BRK.B? Looks like it's only continued to slide since the big drop and everyone was buying the dip? Are y'all continuing to DCA more and more or has that limit been reached already?

Trading BRKB is a good way to lose money. Parking money there long term ( > 4 years) has always been a sure way to make good money and that is not likely to change unless the whole market becomes a cash shredder in which case it probably won't matter where your money was parked. Only exception to that really is the 08-09 banking crisis. But look at most other things around then.

TheMemeGuy said:

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Ragoo said:

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MRB10 said:

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Seems to be more consistent than HA and 30k. Not quite OA territory though.

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the best

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GOAT

Can you post a link? I usually don't get on reddit. Thanks.

Yukon Cornelius said:

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It's been nuts. I closed my cc earlier at breakeven. Just sold another call for 210 that expires in July. At some point this has to chill. And ultimately if my option gets executed I'll gladly take the 110% win and sell a put with the cash to re-accumulate.

Long term over the course of this year I'll be accumulating both CRCL and JPmorgan.

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I've sold several CC's at a loss but then sold a different strike at a higher premium to bump it out. So far, i'm down about $3000 in actual losses, but my first cc was at $120 and i'm currently sitting on a $200 strike with a $100 cost basis in the stock. I'll take it if i get called.

Similar situation. Figure either way is a win. What's your expiration?

7/18

Same. lol the after hours is above our strike price

Yukon Cornelius said:

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Same. lol the after hours is above our strike price

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at some point i'm just going to have to be happy with a profit!

(oh...and i bought all my shares on margin, so it's not even real money!!)

Disclaimer: I'm not in anyway equating CRCL to BYND in any way, just highlighting potential risks.

Look at what BYND did after it IPO'd in late 2019. You can go back in this thread and see several of us olds back then wondering what time and strike of puts to buy because when the excitement evaporates, it falls. Pullup the chart from when it went public to now. CRCL is not BYND, but just know that when this excitement normalizes, so will it's stock price and drop considerably.

OK gang for those of you that have been contemplating and doing your own DD for a LULU play, it's getting real close for me. Someone asked me a week or so ago when it neared $250 because that was my initial target but I posted to wait because it'd go lower and it has. Now it's moved into my action area. I'm looking for it to break below it's 52 wk low and then I'll be going in. It's still a high priced stock and I don't want to tie that much money up for an extended time, then I'm going with the calls listed below. The price is of closing today, so when it sets a new 52 wk low, the calls might be even cheaper.

LULU Jan 16 $300c @ $11.25 (I'd love near $10 or less but don't want to split hairs)

LULU Jan 16 $310c @ $ 9.50 (or less)

LULU is now extremely oversold and offers a great opportunity in our favor for big profits with minimal risk. There are no absolutes or guarantees so don't mortgage the house and go balls deep but the risk/reward is in our favor.

Like always, take the time to do your own DD and make the best decision for you and your family. I will post when I go into the positions above as always.

Goodnight fam,

Prog

jamey said:

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jamey said:

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Im kinda liking POWL roller coaster between the 170s to the 190s

If it touches the upper 160s again im buying some long term keeper shares this time

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And here we go again, buying POWL on the downslope


Im sure buying and selling stocks that are range bound like POWL has a name but I dont know it. I only participate in whatever this is called when Im fine being stuck with shares eventually and thats really my ultimate hope long term.

My problem is sometimes I'll get too tempted to take the 10% profit and leave myself with none when the stock finally breaks past the range

If it tanks below the upper 160 range, I'll probably just buy more

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Darvas box or just a channel. If you really believe in the company just use the oa method of building a net free position with the swings. Buy shares at support, sell enough shares at resistance to get your capital back, keep remaining shares "house money", rinse and repeat. Pretend those house money shares don't exist so you're not tempted to sell them

a few months ago i finally created a seperate account to transfer netfree shares so i truly forget about it. Some swings you can get quick returns on depending on the stock. I am up to about $9k in netfree holdings. Removes the temptation of selling if its not in my main trading account.

Have as much as 125 shares of a stock and as little as 10 haha. But I have learned quickly it adds up and compounds. Just stay disciplined.

bmoochie said:

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a few months ago i finally created a seperate account to transfer netfree shares so i truly forget about it. Some swings you can get quick returns on depending on the stock. I am up to about $9k in netfree holdings. Removes the temptation of selling if its not in my main trading account.

Have as much as 125 shares of a stock and as little as 10 haha. But I have learned quickly it adds up and compounds. Just stay disciplined.

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I like this idea….good job

Perfect timing. I've been buying/selling INOD over and over again. Can't decide between keeping net free shares vs re-allocating the full amount to the next swing. I think I need to keep some net free and transfer them so I can't see the fluctuations.

damn we can only make money from our jobs tomorrow

Forgot the markets are closed today. Enjoy the day off everyone

EliteZags said:

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damn we can only make money from our jobs tomorrow

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Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.

Heineken-Ashi said:

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EliteZags said:

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damn we can only make money from our jobs tomorrow

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Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.

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just happy our federal govt is off and not screwing up our country for one day...

BucketofBalls99 said:

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Forgot the markets are closed today. Enjoy the day off everyone

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thanks, I won't

Heineken-Ashi said:

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EliteZags said:

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damn we can only make money from our jobs tomorrow

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Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.

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In 2025, it still doesn't matter to 99% of the US.

EnronAg said:

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Heineken-Ashi said:

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EliteZags said:

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damn we can only make money from our jobs tomorrow

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Making money on Juneteenth. How dare you. You should be reflecting on such an important day that didn't matter to 99% of the US until 2020.

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just happy our federal govt is off and not screwing up our country for one day...

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Two days. They're taking Friday off too in DC.

Work days without stonks.

Brian Earl Spilner said:

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Work days without stonks.

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FIFY

Will use the off day to give my PSA to those of you who have brokerage accounts that don't require anything too advanced and can go a few days without trading -- just like new credit cards and bank accounts offer bonuses, so do brokerage accounts.

I'm not a huge fan of SOFI's platform, but they offered 1% bonus to move my holdings over to them for what will wind up being less than 9 months (transfer made mid-April, money has to stay in account through Dec 31).

Similar bonuses pop up from time to time. Simple ACAT transfer between two brokerages can get you 1% or more (which if you have a sizeable brokerage account can be some big bucks). In January I'll see what Schwab, Merrill, etc... are willing to offer for my money. Rinse, repeat.

I've seen these but have always been skeptical. Are there any other fees that kinda wipe some of the 1% away? Does all cost basis information transfer correctly? Any issues that you've seen that you can relay back thus far?

EnronAg said:

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I've seen these but have always been skeptical. Are there any other fees that kinda wipe some of the 1% away? Does all cost basis information transfer correctly? Any issues that you've seen that you can relay back thus far?

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No fees aside from the taxes you'd have to pay on the extra income. Some institutions will want to charge a token amount to transfer out, but the receiving brokerage will almost always pick that cost up.

I have read that cost basis can get wonky, so if you do your own taxes I'd make sure to keep an eye on that.

I've found different brokerages have different approaches to keeping the customer. For instance Schwab was willing to match SOFI, but they wouldn't do it ahead of time -- the transfer had to actually be initiated to get their retention team do get into high gear.

End of the day, your money is worth a significant chunk of change sitting in their accounts -- we're all very cognizant of what the worth is when it's a savings account, but we often forget that brokerage account isn't much different.

Never really considered doing that before.

So I assume that includes transferring holdings and not just cash, correct?

Meaning I could transfer my Schwab brokerage holdings to SOFI without triggering any tax events.

Edit: Guess I missed the April deadline anyway.

Brian Earl Spilner said:

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Never really considered doing that before.

So I assume that includes transferring holdings and not just cash, correct?

Meaning I could transfer my Schwab brokerage holdings to SOFI without triggering any tax events.

Edit: Guess I missed the April deadline anyway.

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Yes, holdings and cash. Basically they are making money on new customers and potential sweeps of the accounts.

No tax events triggered on the holdings in most cases, though obviously read the fine print.

Here's the definitive thread on it: https://www.bogleheads.org/forum/viewtopic.php?t=196884

Some of the bonuses are just token $500 signup and the like, which most of the time isn't worth the hassle and/or losing access to trading for a few days -- but when the offers that are a percentage of your account pop-up that don't require more than 12 months of $$$ commitment, they can be pretty lucrative and free money.

SOFI's interface is clunky and non-intuitive and a far-cry from Schwab, so I won't be staying once the new year hits -- but i'm not a heavy trader like many of your so I don't need a lot of bells and whistles.

Thanks for the info, Joe!

I love wheeling credit cards and piling on miles, hotel points, and large cash back bonuses. Looking forward to wheeling brokerage accounts now, LOL