Easy. Don't have a wife.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
Whoa, where was this?cptthunder said:
Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great
OA advised using about 2-3% of your account as hedges in the seminar if I recall correctly... I like using calls as hedges. OA said think of it like insurance, you pay it regularly and hope you never need to use it.PearlJammin said:Is it a good strategy to put a lot of your cash towards UVXY to work as both a hedge and a way to increase your cash should the market dump? Getting in around $11 seems to be a good price to accumilate a bunch of shares if you have cash on hand.ClutchCityAg said:
Just reloaded on UVXY calls that I had sold, this time went out to June.
Buying calls, although considered "insurance", eventually lose value should the market continue to climb. To me, it's much easier to manage.
You're welcome, glad it's working for you. It's nothing fancy, but does the job for me to keep a little bit of sanity in all the different positions.cptthunder said:
Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great
Yes this has been awesome for me. Thank you for sharing!wanderer said:You're welcome, glad it's working for you. It's nothing fancy, but does the job for me to keep a little bit of sanity in all the different positions.cptthunder said:
Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great
Yes understood. I'm just wondering if putting that money towards shares instead of calls would be better since they retain their value. Just keep adding shares of UVXY each month you're up. You can also capture lower tax rates if you sell further out (provided you took advantage of a crash at that time).ClutchCityAg said:OA advised using about 2-3% of your account as hedges in the seminar if I recall correctly... I like using calls as hedges. OA said think of it like insurance, you pay it regularly and hope you never need to use it.PearlJammin said:Is it a good strategy to put a lot of your cash towards UVXY to work as both a hedge and a way to increase your cash should the market dump? Getting in around $11 seems to be a good price to accumilate a bunch of shares if you have cash on hand.ClutchCityAg said:
Just reloaded on UVXY calls that I had sold, this time went out to June.
Buying calls, although considered "insurance", eventually lose value should the market continue to climb. To me, it's much easier to manage.
I buy 1-2 months out and if they slowly decay to zero then I don't mind because that means the market was green and I was making money on other plays. If there is a big dip I use the spike on the calls to go net free and roll my profits into new hedges further out.
I do.Andy07 said:I don't see a $32.5 call offered for 2/19 on TOSChallenger 17 said:
Nothing fancy is the only way i can make since of things. If i try and get cure with stuff it never fails to snowball out of controlwanderer said:You're welcome, glad it's working for you. It's nothing fancy, but does the job for me to keep a little bit of sanity in all the different positions.cptthunder said:
Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great
Trying to understand the logic on buying the Feb $5 puts back. You just wanting to lock in the gains instead of risking the ticker tanking over the next 2 weeks?$30,000 Millionaire said:
I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.
It would depend on how you are sizing your positions I think, because the gains from shares on a dip in the market would be less than if you were holding calls. Maybe if you had a core hedge holding of shares but then supplemented it with calls that could give you the best of both worlds?PearlJammin said:Yes understood. I'm just wondering if putting that money towards shares instead of calls would be better since they retain their value. Just keep adding shares of UVXY each month you're up. You can also capture lower tax rates if you sell further out (provided you took advantage of a crash at that time).ClutchCityAg said:OA advised using about 2-3% of your account as hedges in the seminar if I recall correctly... I like using calls as hedges. OA said think of it like insurance, you pay it regularly and hope you never need to use it.PearlJammin said:Is it a good strategy to put a lot of your cash towards UVXY to work as both a hedge and a way to increase your cash should the market dump? Getting in around $11 seems to be a good price to accumilate a bunch of shares if you have cash on hand.ClutchCityAg said:
Just reloaded on UVXY calls that I had sold, this time went out to June.
Buying calls, although considered "insurance", eventually lose value should the market continue to climb. To me, it's much easier to manage.
I buy 1-2 months out and if they slowly decay to zero then I don't mind because that means the market was green and I was making money on other plays. If there is a big dip I use the spike on the calls to go net free and roll my profits into new hedges further out.
oldarmy1 said:
TIGR headed for a daily cup. What a strong pattern that would be!
Same here. Both looking good so far. Thanks OA.leoj said:oldarmy1 said:
TIGR headed for a daily cup. What a strong pattern that would be!
Thanks for the call out, followed on $ZI and $TIGR, seems like I hopefully entered near the intraday lows for both.
WWR has a bullish pattern and I made a cost benefit analysis of grinding out the $0.25 remaining for Feb vs. the premium I can get for selling May right now. I believe it's in my favor.wanderer said:Trying to understand the logic on buying the Feb $5 puts back. You just wanting to lock in the gains instead of risking the ticker tanking over the next 2 weeks?$30,000 Millionaire said:
I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.
Aggie118 said:
Want to draw yalls attention to CETY opened at .10 up to ,17 a share. Massive volume. The average volume is 730,000 it is at 16 million today.
wanderer said:You're welcome, glad it's working for you. It's nothing fancy, but does the job for me to keep a little bit of sanity in all the different positions.cptthunder said:
Wanted to say thank you to who ever it was that posted the google doc of the basis tracker spreadsheet
I finally had time today and got up to date on all my share/option plays and its great
$30,000 Millionaire said:
I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.
oldarmy1 said:
TIGR headed for a daily cup. What a strong pattern that would be!
oldarmy1 said:
TIGR headed for a daily cup. What a strong pattern that would be!
Yup, still not there, no big deal I just don't understand whyMr President Elect said:
Change your "Strikes" to "ALL"
First option trade here.Drillbit4 said:$30,000 Millionaire said:
I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.
I can't believe the May $5 are still that high after this run up. I sold the same. Great deal there.
Rice and Fries said:
WWR about to blow through resistance on the uptake.
CrazyRichAggie said:oldarmy1 said:
TIGR headed for a daily cup. What a strong pattern that would be!
Correct.AG 2000' said:First option trade here.Drillbit4 said:$30,000 Millionaire said:
I bought back WWR Feb sold puts for $0.25 and I sold May $5P for $1.52.
I can't believe the May $5 are still that high after this run up. I sold the same. Great deal there.
If I sell to open puts, I'm in at this price like you guys are saying, correct?
And as long as it stays above $5 I'm pocketing the premium, if it goes below I have to buy, correct?