Recent content by ChefBoyardee

Hey all, long time no see - just an FYI that I've had multiple Jan 2024 BPS short legs assigned in the last week. The latest were 533.33's yesterday after hours. I'm going to exercise the 516.67 long legs on Monday morning since the spread is bigger than the extrinsic value lol. If you have that...

We popped back into the channel and just retested the bottom line. If we close above 864 that'll be great - means the bull trend is intact

Yes, exactly! It's the same for me haha, I'm a lot more impulsive with my trading than the trades I help my partner place or the ones I place in my IRA. When TSLA rocketed to 1200 I had her stop selling weeklies because I assumed we'd tank back to the bottom of the channel soon - whereas I kept...

I just had an idea and can’t believe I didn’t do it before. I’m just going to open another account. Investing (main account): 90% of my money - leaps, shares, safe BPS with low margin Trading: Cash secured higher return BPS for compounding Reasoning: - Caps risk - Keeps things clean /...

This morning looks like capitulation to me. We broke out through the bottom of the declining channel and reversed hard. 700 support goes pretty far back - looks strong. Buy the news makes sense with how much we sold off ahead of this. I missed the dip but just re-entered with some 680/670's for...

Tbh it looks like we’re in a full bear trend now that the channel, 200d, and previous low were taken out. I’m looking at the 720 level (bottom of declining channel) if we don’t bounce here, but there are a lot of horizontal resistances you can draw from last year. It’s not as clear cut as when...

Very interesting bounce here - could be a double bottom / bear trap. I want to see us get back above the 200 day and back in the channel though

Aaand the conversion to leaps spreads is done 🎉 I chose 1300/1600 for better volume. Breakeven is 1370 and full recovery at 1600 by Jan 19th 2024. Tax funding secured. Still have some other positions and stock as well. Feels good. Now time to sit back and watch with some popcorn. Let's hope...

Yeah pe compression is the big risk. But since theta decay is so low, as long as we’re at least flat in 1 year I’ll be able to roll out another year without paying too much. ATM leap call spreads are a super viable strategy IMO. You can beat returns from stock pretty easily. The reason I’m...

So I've decided to make a pretty drastic change to my account since after rolling things for months, converting to IC's, adding new BPS, rolling those, and trading, I now have a pretty messy spiderweb of positions. Going nuclear Tomorrow I'm going to close all positions including stock. With...

Finally some good news: "Putin and Macron agree to try to secure ceasefire in eastern Ukraine and urgent summit" "The two leaders spoke on the phone for 105 minutes, and the outcome, broadly confirmed by the Kremlin, suggests Russia might be willing to step back from the brink of a full...

I think we'll still close above 856, but I rolled my 850's to next week just in case. But yeah I don't like seeing it below the channel 😬

Taking a look at high growth stocks across the board, it looks like the correction is over. Some stocks were in a bubble. Tesla was in a bit of a bubble too - the pop to 1200 on not much news wasn’t really warranted. But across the board look at where things are sitting - Tesla back at the...

We've got decent support at 895, some support at 880, and big support in the 850-875 range for this week. I sold some 850/840's for tomorrow after closing them out yesterday and will add more if we test 875. Seems like increased fears of a Russia invasion today 🤔

Fed minutes were released - apparently, the market likes em 👌