Exercised my Cadence options today. $2.50 strikes at $2.05 purchase price. Cadence ended today at $15.28. I'll take those shares and that price!!
NRD09 said:CreakinDeacon said:
What's this???
Just a 14.4MM block purchase on MSFT 12/18 250C. Only ~$28 out of them money in two months
These are 2.28 now, or 245/250 spreads for .75
NRD09 said:
For discussion sake, why did you choose to exercise rather than cashing out the calls?
NRD09 said:
Appreciate the in depth response. I do like cade, did well swinging it for a while, probably on your recommendation (like most of my plays recently I'd have been better off if i just bought and held) So you're holding now? Sell calls/wheel? I thought cade was pretty deep into small e&p companies and therefore susceptible to crude price swings with travel restrictions/shutdowns. Concerns with increasing regulations on banks with incoming administration?
backintexas2013 said:
BTC trying to get to $24,000. Unreal. I guess I should rethink my statement of two weeks ago that I didn't think it would get and stay at $20,000 this year.
most of my recent success has been to Buy/Write out 60 days at what appear to me to be levels of support. Buying calls and flipping them in a week for multiples is sexy but a losing long term strategy.$30,000 Millionaire said:
Unsolicited advice part infinity: consistent profits are easier to come by with owning shares vs only options. You have a ton of flexibility. You can sell covered calls, you can set up collars, and you get the benefit of dividend ownership, all without the stress of theta decay.
Don't get me wrong, I like options - a lot. Just highlighting a lower stress path.
leap spreads basically? How far out of the money are you targeting usually on these? I would guess go a little further out since you have 2 months, that and/or a wider spread.Ragoo said:most of my recent success has been to Buy/Write out 60 days at what appear to me to be levels of support. Buying calls and flipping them in a week for multiples is sexy but a losing long term strategy.$30,000 Millionaire said:
Unsolicited advice part infinity: consistent profits are easier to come by with owning shares vs only options. You have a ton of flexibility. You can sell covered calls, you can set up collars, and you get the benefit of dividend ownership, all without the stress of theta decay.
Don't get me wrong, I like options - a lot. Just highlighting a lower stress path.
buying stock while selling the call out 60 days like a vertical spread that puts theta decay in my favor.BREwmaster said:leap spreads basically? How far out of the money are you targeting usually on these? I would guess go a little further out since you have 2 months, that and/or a wider spread.Ragoo said:most of my recent success has been to Buy/Write out 60 days at what appear to me to be levels of support. Buying calls and flipping them in a week for multiples is sexy but a losing long term strategy.$30,000 Millionaire said:
Unsolicited advice part infinity: consistent profits are easier to come by with owning shares vs only options. You have a ton of flexibility. You can sell covered calls, you can set up collars, and you get the benefit of dividend ownership, all without the stress of theta decay.
Don't get me wrong, I like options - a lot. Just highlighting a lower stress path.
aiming for 20% return if exercised at expiration.$30,000 Millionaire said:
How far OTM are you going?
I am meeting with a bitcoin millionaire tomorrow. He got in at 50. He host and does all the protocols. He says ether is better. BTC is getting controlled more and more from bigger institutions. Curious to get his insight but I am thinking of putting 25% in crypto. Look at ostko Mara and gbtc and those have been great for me.Rice and Fries said:
Ol Elon helping out BTC today
AgShaun00 said:I am meeting with a bitcoin millionaire tomorrow. He got in at 50. He host and does all the protocols. He says ether is better. BTC is getting controlled more and more from bigger institutions. Curious to get his insight but I am thinking of putting 25% in crypto. Look at ostko Mara and gbtc and those have been great for me.Rice and Fries said:
Ol Elon helping out BTC today
Mostly Foggy Recollection said:
I bought another 10K of ETH this morning. It's headed to 1000
Rice and Fries said:Mostly Foggy Recollection said:
I bought another 10K of ETH this morning. It's headed to 1000
Senor Fog - are you buying via coinbase or some other type of digital wallet? Or are you able to purchase it via OTC via a ticker?
Prognightmare said:
Good morning!
Got a little story for you Ags,
Funny/awkward story from this morning. I took my son to Whataburger for breakfast after Mass and we ate inside. He wanted some chicken strips. He started to take all the breading off and I whispered that it was the best part. He proceeded to say, rather loudly, "NO Daddy, WHITE IS BETTER"! The son of a bald white guy saying that got some looks. Don't think my clarifying that he was referring to white meat chicken quite removed the concern in their eyes.