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Yes that's the thing. VF is just selling the put, though -- as I understand things, he's not buying the other put to limit losses to the downside.
rforno: here's a link to darlene on the chicken thing. is this what you're doing, vf?
https://www.…
PS - Just to close out the situation with Vanguard. Getting options approval is so painful, I'm just not doing it. I have approval at Fido and Schwab, so I'm moving money out of Vanguard and will do options with them at other brokerages.
Definitely…
Sold a few odds and ends I picked up in March after locking in some short-term cap gains that more than cover upwards of 1-2+ years of dividends.
I originally planned those purchases to be long-term holds but I'm having second thoughts about that …
I've got several AF's spread across my accounts and am pleased with their slow-and-steady approach.
That said (and I'm not a FI person) are these the right market conditions to launch a FI product, let alone one that would be worthy of Capital's c…
Speaking of the young getting hit by this...
A Young Doctor, Fighting for His Life
https://www.nytimes.com/2020/05/02/opinion/sunday/young-doctor-coronavirus.html?smid=tw-share
Correction: this is a political thread/discussion WITHIN an investment site that focuses on investment discussions. As long as partisan political commentary is confined to threads like this and don't start polluting other threads discussing invest…
Neither candidate's policies impress me, and besides all presidents really do is guide things in DC anyway. It's not like we're electing a king who governs by decree -- and yes that includes the current Idiot Incumbent, Donald J. Trump. What's the…
With respect to Mitch McTurtle in the Senate, Tweety Amin is the BEST example of a post-turtle. I'm surprised he hasn't thumped his chest and tweeted out self-adulation for this accomplishment yet, frankly.
Via Wikipedia:
"An old rancher is talki…
And now people are getting follow-up letters also SIGNED by Tweety Amin explaining the check and how he 'proudly' signed the bipartisan legislation (despite having no Dems at the signing ceremony).
Never missing an opportunity to stroke his ego an…
I made $500 selling OTM puts in SPY last week in my fidelity account. SPY has 3 expiry dates every week. I just sold PUTs the day before each expiry. It was ridiculously easy.
That's similar to what a trader (Darlene-someone, IIRC) years ago ca…
I think certain subsectors of 'growth' are going to be fine for the forseeable future ... cloud and operational technology, plus perhaps some pharma. But I'm not a broad -v-V investor, as I look at individual companies and sectors versus investing…
For Friday drinks today I’m thinking of a Trumptini: 2 jiggers bleach, 1 of Lysol, & 2 ounces of seltzer water, served over ice with a colloidal silver garnish that’s been UV-seared for ten minutes. Refreshing and disinfecting! (Funeral direc…
He spent a hell of a lot of time at the podium trying to be 'sarcastic' yesterday, then....during a national pandemic. Nobody's going to buy that walkback except his cultists, Fox Noise, Sinclair, and OANN.
Looks like Trump has been tanning to much with the raccoon eyes from wearing his sunglasses. Maybe that it is how he thinks he is immune to getting Covid-19.
He lives in the WH bubble, so he is well-protected anyway. So he figures he's invincible.…
Great discussion .... I'm still quite happy with PRWCX as my sole allocation fund at the moment, though I've considered adding one of VG's Global Welly fund to my mix but not pulled the trigger yet.
Our leader thinks injecting disinfectant like Lysol into the body might work:
Injecting disinfectants is by far the stupidest thing he's ever said since 2016 .... and that's saying something. Step right up and take ol' Doc Mengel----er,Tweety's (la…
Rolled my May 75 covered calls on D into Jun 80 calls for a small profit .... the Jun calls seemed rather richly valued. I own D around $75 so there's nice profit potential on the upside and decent cushioning on the downside.
Inflation... Hmmm... the dollar is ALWAYS smaller, where I live. Things are much more expensive, ALWAYS. People are getting "weeks to the gallon" through this crisis, and they're happy about it, both here and on the Mainland. Gas is down to just abo…
Merkel gave a C19 briefing the other day and wonderfully explained in simple words how moving from 1.0 to 1.1, 1.2 infection rates would impact their health system by various months. The unempathetic idiot Tweety Amin couldn't do that ... he jus…
In recent days I've sold out of WRK, converted BIP to BIPC, and sold one of my CHS preferreds (realized I didnt need two different series, I could just load up on one.)
At the moment I'm treading very cautiously and erring on the side of capital pr…
Don't forget to factor in commissions as well --- which will eat into your 'income' from selling puts. I'm not sure what VG charge for options trading (I suspect it's higher than others) but if that's something you're interested in, I'd strongly s…
Yes selling OTM puts can lead to regular income and I think they fall under friendly 1256 tax rules but I don't really remember... but if you're smart you will have them cash-secured, meaning if the market or stock symbol tanks and you're suddenly f…
https://www.washingtonpost.com/opinions/2020/04/14/trump-kushner-could-reap-pandemic-windfall/
There's grifting happening in Casa Blanca here in DC? I'm shocked, SHOCKED!!
If I am making more money I expect to be paying more taxes. I can think of far worse things to worry about in the prime of my career than whether I'm bumped into a higher tax bracket this year or not. Being debt-free, living within my means, and …
It's not just you....
Very interesting to see your comments on the parallels with religious faith and cults. I was wondering if it was only me that felt that.
In my long-long term account, I DRIP everything and let the quality holdings do their thing. Unless the company itself screws up (ie, Boeing) I will watch them and otherwise let them ride.
In my personal account, I exit longer-term positions when …
Hah, great!
I can't download this one, but it's a safe-for-work and VERY VERY catchy tune with brilliant lyrics. (no Twitter account required to view it)
https://twitter.com/petershankman/status/1243611688659750914?s=20
Somewhat on-topic: WSJ reports that Tweety Amin wants *his* signature on the coronavirus stimuls checks, not the regional federal disbursing officer, as is usually done. Because, ego. And elections.
Of course, most of the money is going back via…
"When you have the money" is my initial answer to the question. DCA into a position and embrace volatility to the downside to buy more at lower prices.
I've been buying into the falling knives, but the losses are .... okay for the moment. Doing little if any selling, because I rarely sell into a down market.
On some existing stock positions I've put on combo positions using options to hopefully …
Sometimes the better money is made over the long term by trading slowly. When I traded futures I started with 5, 3, and 1 minute time charts then tick charts and other esoteric ones, often opening and closing entire positions "inside the bar". Fi…
A friend (former priest) asked what the law would say if a senior citizen shot or retaliated against a youngster for deliberately coughing on them as has been reported is happening to some folks in Germany. He was wondering if a judge would interpr…
Katniss Everdeen: "I volunteer for tribute!"
GOP: "I volunteer you as trade-off!"
Remind me again which party was railing against alleged government 'death panels' when the last president was trying to save lives by bringing expanded health care t…
