Recent content by llirk

First time in a long time, took advantage of PM dip to leg into buy/write at 214. Covered with 1/19 cc217.5 lowering cost basis to 211.5.

I can confirm this as we took delivery of our second Tesla (Model Y lease) last week of Q4. Being able to take advantage of the tax credit and other incentives (6 months supercharging, 3 months free FSD and 10k referral credits) made this a no brainer. BTW, my wife was afraid to drive my S for...

P.S.A. While we are far more educated with all of the great analysis on this thread, let's not forget what happened the last time everyone was betting heavy on spreads. For those new to the thread, go back several hundred pages to late last year and see what being on the wrong side of a spread...

This thread rocks! Thanks to all the contributors who share their collective wisdom to help us all.

Etrade Premium Savings is paying 4.25%. Better than couch cushions for all that dry powder we have. 🙄

Still holding the Yoona IC as well as -c192.50, -c195 and -c200. All are the covered call side of the wheel at the same assigned put strike. Will likely close IC tomorrow at > 50% profit.

What's the consensus on how to deal with leaps that are out of the money but now approaching expiration in June and September? Writing covered calls below the strike can make some money back but also end up putting you in a naked call position should the stock run between the strikes. I've...

My support group encourages me to ignore messages like this.

Does anyone know of a definitive source for what triggers the wash rule on option positions? For example, if I sell my leaps for early next year at a loss against my gains in 2022, does that mean I cannot buy/sell options in the same account 30 days prior and 30 days after that sale that...

It's Elon, think bigger... This is clearly the new test track for the Optimus Lawn Tractor and Leaf Blower models.

This aged well /s :rolleyes: The p265 expired worthless. Allowed the c280s to be assigned and took profits on underlying. Will sell p280 on any early dip next week. Rolled c290s to next week for $3.5 credit to protect against a bad CPI or sell the news of a good CPI. Still holding 9/30 c300s...

I've decided to use the split to sell 1/3 weeklies, 1/3 monthlies and keep 1/3 HODL. Taking a 50% or 60% profit on monthlies with one or two weeks left to expiration is yet another way to achieve weekly income targets. Current positions: 9/9 -c280, -c290 9/30 -c300 (not technically the Sept...

Make that two

I was thinking the same thing. Have "they" drained all of the premium out of the options that were bought by those anticipating a run up to and after the split? And does the next leg up begin before everyone (who were burned) slowly jump back in again ahead of P/D report? 🤔

Two of those are mine. Please take good care of them as I may want them back. I'll let you know Friday.