Covered calls. I wrote calls for all my 40,000 TSLA stocks. I would be shocked if it triples from its low of about $100 within a few months unless they cure cancer. If it does by some miracle go above $308.25, then I am fairly certain I will get a chance to buy it back at a lower price.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Just be careful, as the profit is capped off but the risk is unlimited, especially if these are naked calls. You can still navigate your way out but need to monitor things closely and hope you don't get assigned.
I just replied above. Knowing these are covered calls, that's a nice premium. 400 contracts?
Was going to give you credit for having big balls but you are really just kissing your sister 😀
I am not that crazy. Even though the delta on those calls is 17, I am not going to be writing naked calls. Elon is a master at stimulating the stock price upward.
I’m sorry but no one posting in this thread is long 40,000 shares of TSLA; or the equivalent of $8,000,000 in any single position, for that matter.
What are your general thoughts on buying to close those positions? Say they are down 75% in a month? Buy them back and look for a chance to resell if the stock jumps higher again? Or just play it conservatively and let them ride out till they expire?
+1
Only people with multiple 7-figure positions are allowed to post in this thread! :)
If the options are 75% in your favor, then I usually take some money off the table and if possible play with house money. If it is a naked call that I am selling (which I rarely do), then I would take the entire profit and run. Now some of this depends on the stock and wether I feel that the option will end up worthless. For example, using your previous put option on LYFT as an example, I would have taken profit yesterday and not let it run. I would definitely have taken profit today. LYFT just missed earnings by a lot and any downturn in the market will likely hurt the stock more than the broader market.
Any updated thoughts on biotech and LABU (or BIB for a safer leverage play)?
I have the 17th expiration $10 strike which i should be safe on.
But the I sold the 24th expiration $10.50’s which i sold yesterday and was in the green but its back to just about even(slightly in the red)
Did buy back tomorrows Amzn $94 stike puts today. With the late day down swing opens up an opportunity to sell next weeks $94’s, or maybe even at a lower strike if the market drops more tomorrow. Had it called away jan 23rd at $94. Been selling the weeklies around that price since.
Overall it's a great company, but it may have some trouble over the next year or so due to biosimilars hitting the market against Humira. Yes, this was public info for a long time so the news is baked. However, I think the competition will hurt Humaria sales quicker than expected. The first biosim that just hit the market is via Amgen who is very successful and aggressive with biosims.
Still a good long hold, but I wouldn't add until we see another Q or two of earnings.
If you have a tax-deferred account, PRHSX is the best healthcare/biotech play. Amazing fund! The sector is so unpredictable due to the nature of our business. The only pharma/biotech stock I have is my own company's via our long-term incentive plan.
Devon took a dive off earnings. Currently with an 7.8% divdened and an ex date of March 14th. (Had to edit the ex date. Either they updated the date or myeyes are worse then i thought).
Can buy it here at $56(seems solid support here) Sell the March 10th $60 strike for 1% premium (I’ll update this after the opening ) collect dividend and if it hits the strike make out with another 7ish%.
Current PE of 7x.
Can buy it here at $56(seems solid support here) Sell the March 10th $60 strike for 1% premium (I’ll update this after the opening ) collect dividend and if it hits the strike make out with another 7ish%.
Current PE of 7x.
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I was looking at DVN this week but ended up getting CTRA. 10% dividend, low PE and strong earnings growth.
With the recent crash in nat gas price, now is probably a good time to get positioned for a rebound.
Got a small BOIL position for a nat gas play. Went up 15%! But then down 16%. LOL!
I haven’t had great success trading nat gas. Extremely volatile and unpredictable that didn’t seem to move on any fundamentals
Agreed, seems completely random. Honestly, I'm waiting to see if Putin goes Putin again in UKR. Perhaps a last gasp push. That would likely pop nat gas prices.
for those interested.. here's the full interview with Tchir... it starts around 2:26:00
www.bloomberg.com
..and i get it, Tchir can be a real stick-in-the-mud... he hates Crypto, and anything that smells MemeStock... but, he's right A LOT...
'Bloomberg Surveillance Simulcast' (02/16/2023)
Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg...
www.bloomberg.com
..and i get it, Tchir can be a real stick-in-the-mud... he hates Crypto, and anything that smells MemeStock... but, he's right A LOT...
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No one with the conviction of being long 40,000 shares of TSLA would be thinking about having his position called at 300 and believe he can soon swing back into it lower.
BS
Not too familiar with Tchir. Interesting POV on the VIX and option trading. Thanks!for those interested.. here's the full interview with Tchir... it starts around 2:26:00
'Bloomberg Surveillance Simulcast' (02/16/2023)
Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg...
..and i get it, Tchir can be a real stick-in-the-mud... he hates Crypto, and anything that smell MemeStock... but, he's right A LOT...
9% inflation was transitory....... 4% ain't
people love pointing to "peak inflation" as the end of something... which is really isn't...
4% inflation is 100% higher than target...... it's STILL huge...
we have a long long long way to go.....
..but, people are always welcome to fight the Fed and do what they want....
Don't buy it. We will be well under 4% YoY inflation this summer once the housing/OER math catches up. This pretty much a mathematical certainty. Using real-time housing data, we have been in a deflationary environment for the last 4-5 months (based on MoM).
The facts don't support your 4% narrative in any way. Sorry.
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of course they do.
3% unemployment
$2Trillion still sitting in bank accounts
spending at all time highs
housing is already picking back up
I just paid $6 for a dozen eggs......
yes, people are playing games with super-core CPI math... that's not real inflation.
we have a long way to go...
You understand that "high prices" and inflation are two different things, right?
Sorry, nothing you just posted changes the current facts of inflation data.
Here's a chart of items and there price increases/decreases in 2023:
The horizontal bars show notable year-over-year percent changes in prices for various consumer categories from the consumer price index from January 2023.
Table with 2 columns and 30 rows. Currently displaying rows 1 to 30.
Note: Items in bold represent major consumer price index categories.Table: Gabriel Cortes / CNBCSource: U.S. Bureau of Labor Statistics' consumer price index
Data last published Feb. 14, 2023
Here's the inflation breakdown for January 2023 — in one chart
These are some of the core categories, plus other items with notable year-over-year price changes.The horizontal bars show notable year-over-year percent changes in prices for various consumer categories from the consumer price index from January 2023.
Table with 2 columns and 30 rows. Currently displaying rows 1 to 30.
| Eggs | 70.1% 70.1% 70.1% |
|---|---|
| Butter + margarine | 32.5% 32.5% 32.5% |
| Fuel oil | 27.7% 27.7% 27.7% |
| Utility (piped) gas service | 26.7% 26.7% 26.7% |
| Airfare | 25.6% 25.6% 25.6% |
| Motor vehicle repair | 23.1% 23.1% 23.1% |
| Frozen vegetables | 18.6% 18.6% 18.6% |
| Lettuce | 17.2% 17.2% 17.2% |
| Public transportationIncludes airfare | 17.1% 17.1% 17.1% |
| Cereals + bakery products | 15.6% 15.6% 15.6% |
| Pet food | 15.1% 15.1% 15.1% |
| Motor vehicle insurance | 14.7% 14.7% 14.7% |
| Electricity | 11.9% 11.9% 11.9% |
| Food at home | 11.3% 11.3% 11.3% |
| Milk | 11% 11% 11% |
| Chicken | 10.5% 10.5% 10.5% |
| Food | 10.1% 10.1% 10.1% |
| Energy | 8.7% 8.7% 8.7% |
| Rent of primary residence | 8.6% 8.6% 8.6% |
| Other lodging away from homeIncluding hotels + motels | 8.5% 8.5% 8.5% |
| Food away from home | 8.2% 8.2% 8.2% |
| All items | 6.4% 6.4% 6.4% |
| All items less food and energy | 5.6% 5.6% 5.6% |
| Uncooked beef steaks | −3% −3% −3% |
| Bacon + related products | −3.9% −3.9% −3.9% |
| Major appliances | −3.9% −3.9% −3.9% |
| Women's dresses | −4.2% −4.2% −4.2% |
| ComputersIncluding peripherals + smart home assistants | −6.2% −6.2% −6.2% |
| Used cars + trucks | −11.6% −11.6% −11.6% |
| Televisions | −13.2% −13.2% −13.2% |
Data last published Feb. 14, 2023
Food prices have been flat for the past 4-5 months. Housing and rent have been significantly negative over the same time. The data is clear.
