Recent content by Jayjs20

^Yeah, what he said https://www.isabelnet.com/wp-content/uploads/2019/09/SP-500-Operating-EPS-vs.-USA-National-Income-Corporate-Profits.png

Wishing someone luck is a way to tell them to piss off, you're done with them. Also, 2009 was 11 years ago.

Yeah, graduating college and entering the work force into the second worst economy downturn in the history of the United States was super fun and easy.

Two year LEAPS are what I plan to buy too. Maybe Jan22 1000 or something. On the other hand, Q1 is usually pretty bad and we have the virus going around too, it's highly likely that Q1 will be in the red, which will provide an even better opportunity to jump in. I'm still trying to figure out...

After making a series of minor (MASSIVE) mistakes, I think my reentry point is fast approaching. Just sucks that option premiums are so expensive right now. Probably still go all in on them though.

I know, right. 50% drops and 6-month declines are not un-common for TSLA shareholders. We all know how this ends; it'll pay off in the end.

Yes we have. I was waiting for someone to rub some salt in. No problem though, I already bailed. Thank god for that dip just now. Saved me about 30-40k.

I think I have to get out of my positions tomorrow morning asap, and not risk any margin call jumps and/or analyst upgrades.

I'll sleep on it, but I most likely will abandon my short straddle strategy and take the 150k~ loss. God I wish I wasn't allergic to alcohol and can just drink this off. Looking back at Elon's payout deal, he is aiming for 650b valuation by 2028. At this point, there's no point doubting...

Well, this marks 300 dollars since I sold all 59 of my Jan21s calls and started a short straddle. I don't even know what to say or do or think at this point. Not only did I leave over 1 million dollars on the table because I ended up being weak long after all, but I actually lost a ton of...

Where did I say I was surprised? It's weird and it's unsettling, yes, but it's not surprising. I'm just looking for some reassurance that nothing is flying over my head. Speaking of which: Thanks. No other snippy, condescending comment is necessary. Have a great day.

You need a new accountant. I usually pay around 20% fed+state combined.

I'll end up with 250k minus the cost of whatever adjustments I have to make, in theory. It's just weird seeing the account's value drop so hard, so fast, when the account + premium value stays roughly the same. I'm down 30k the last 2 days. Clock's ticking and I'm supposed to regain that 30k...

Thanks, I understand that, but that's not my question. If I continue to re-adjust my strikes, they will stay at the money. Re-adjusting costs premium, but it's a minor amount compared to the overall premium gained. If I continue to keep my strikes at the money at the cost of premium, they...

Does anyone know what happens to a short strangle if the SP keeps going up like this as it approaches expiration? My account keeps going down (of course) and I'm practically readjusting my strikes every day now it seems. Today's readjustment from 545 c/p strikes to c/p 580 strikes costed me...