3309 Drysdale Ct
Edwardsville, IL 62025
Trim single option position - a couple of ways to trim a
profitable single option position while still allowing for some
upside is to either "cover" the position (sell a call against it)
or "collar" it (sell a call and buy a put). I typically just sell a
call...often near or in the money.
FWIW - I was a US Navy Diver / bomb squad guy for 8 years (EOD)
so the AAZZF story is even more attractive to me. Bomb techs
defusing things by hand these day is just dumb.
Good to know. Thanks.
AAZZF - I love this story on its face! But is anyone else
worried by the fact that it's a Canadian company? I can't remember
a time in my life that I've seen a country lose it's way as quickly
as Canada has over the last few months. (disclosure - I am long
SAVA - Selling 75 strike puts expiring next Friday for ~$530
each...a 303% annualized return, if the options expire worthless.
Could play it safer and sell 70 strike puts for $300 each
(176% annnualized). Also considering buying long puts
underneath to limit risk.
CLOV June 18, 13/12 put spread sold right before the close for
$48 per spread. $48 profit if CLOV above 13 at next Friday's
close. Break even at $12.52 (transaction costs not included). Total
risk is $48 per spread. The bid/ask spread was wider than I
like on this one, but it did fill near the midpoint (I adjusted
down 2 cents from .50 to get a fill).
Not sure if I should share this but I have been killing it
selling out of the money, short dated spreads to newbie Robinhood /
WallSt Bets options traders lately. Mostly put spreads. E.g.
CLOV short dated options have insane volume today and it doesn't
seem like the people on the other side have any idea what they are
doing. My "win rate" is tempting me to go bigger, but keeping
position sizes very small because it seems like it will have a bad
ending...eventually. For now it's like taking candy from
Matt called X a while back. It's been a great call on his
part. I got too cute with the price on my entry order and missed
it. That said, I looked at the fundamentals and was not super
impressed...so not chasing.
GLD and GDX fans migrating to Crypto & Crytpo miners? True
story in my case, but otherwise just anecdotal observation
ETHE (Grayscale Ethereum) is on fire. I guess Visa announced
something about completing a transaction on the ETH blockchain and
rolling it out to customers soon. I trade crypto directly and the
charts are a little different...ETH seems to be approaching the top
end of a large coil now. ETHE also has a coil type look but it's
still in the smaller version of the coil that ETH broke out of
earlier this morning.
VZ - typically a boring name, but chart looks ready to
pop. 4.4% yield.
Dollar up strongly despite all indications that Yellen &
Powell are willing to continue to dilute it's value / increase the
supply are a record setting clip. The said, I've lost faith in
trying to use the DXY or UUP to track devaluation since they are
more comparisons of one fiat currency against other fiat currencies
- almost all of which are engaging in the same practices.
It's interesting to see Yellen in a role where it's
appropriate that she is partisan. Can look back now and realize
that some people's fears about her policies back in her Fed days
were not completely unfounded.
NFT's for art seem way overblown, but I'm all in for anything
that disrupts the anti competitive practices in the American real
estate industry and reduces the exorbitant fees & commissions
they are able to charge as a result of those practices. Smart
contracts on blockchains (NFT's) seem like they hold promise in
Moderated is cool. I've been a member off an on via multiple
user names for probably 15 years now...something like that anyway.
I don't have to post and don't often want to - just wondering if
I'm just too stupid to figure out how to do it! Saved the
crazy posts and testing for the weekend :)
Sorry, I think the link might work, but it didn't post
Hard to post with this UI. Testing but also
wondering if anyone has ideas about BTC from current position?
GBTC discount almost cut in half already today. Seemed like an
easy trade so I took it. Just wish I could have have figured out
how to put on a pairs trade to really arbitrage it. Trade
would have been too big for my blood using futures.
Does GBTC represent the "smart money?" Overlay GBTC on
BTCUSD and look how predictive it's been recently (I'm just using a
daily timeframe). It seems to have climbed during the last
correction and led this correction by a significant margin. Might
be worth following more closely.
Zoom - I think the shorter time frame /es charts are stuck.
Audio still working, which is super helpful.
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