Yeah, I'm looking for a good price on -c202.50's for next week, don't mind to sell those today if we get a pop into close
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Up at these levels I think selling NVDA calls is likely a better return than puts, but the price of NVDA LEAPs right now is bonkers-high, so not for the moment...
You know your goals best, but it is generally healthy to keep a good percentage of your portfolio in stocks and the rest in cash. Allow yourself some long-term capital gains and stability, and use the stocks to margin against in a pinch. I'm at about 15% cash right now, and for my situation I would like to get that up to 20%.
I'm looking for about 3% per week on cash, but the way I prefer to look at it is return on capital-at-risk. (I assume on an annuallized basis I will have just under 2% average weekly with 20 bad weeks.) Selling options skews the return on cash number and might not represent your exposure well enough. The name of the game is maximizing return while minimizing risk.
I totally understand where you're coming from, but my situation is totally different from most in this thread, primarily because I'm in Belgium, where the tax regime it totally different from the USA, plus I trade in a company account. A main consideration is that losses on stock sales are non-deductible, whereas options trades are a simple sum of gains and losses over the year
Secondly I'm old - hit 58 last week, I don't have time for buying stocks and hoping they go up, and tbh I already did that with TSLA and made more money than I would ever have imagined possible (even though it's 1/3rd of where it was at ATH)
1% of my portfolio value weekly is a lot to money annually, I really don't need shares and certainly not the stress of watching my portfolio shrink when there's a correction
1% per week will give me over $25million by the time my wife retires - that includes paid taxes... why buy shares when I can do that?
thenewguy1979
"The" Dog
Out of an abundance of caution (remember when that was the key phrase to skip going to the office during Covid?), I closed out my 100x -p170's for this week, should have done it earlier, but expected some kind pop that never really came
Probably 170's are safe, but the number of times I've said that only for the stock to gap up/down... just take the small hit, doesn't change much
Probably 170's are safe, but the number of times I've said that only for the stock to gap up/down... just take the small hit, doesn't change much
thenewguy1979
"The" Dog
We will know soon in less then 20 minutes.
All eyes and ears on Elon and Co. now.
Got some cheapo 1DTE going in. Let see how they turn out.
I that 3% ROIC? I'm 1% on total portfolio, the ROIC is more like 14% - +p150/-p170 @$2.7 for example3% a week. I would like to see some of your trades to see what I am missing.
that this week because of the share holder meeting and to do that week after week 52 times.... idk.
Is that a leather jacket Elon is wearing...?
For me it's a plan to do it every week, wide strangles - although the target isn't so high as that, but if the trade looks good then I'll go for it
thenewguy1979
"The" Dog
OK, he didn’t REALLY just repeat the totally debunked and FAKE “towing a Porsche 911” lie?
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