Is it just me or is there a growing division on TMC between the main investor thread and the "The Wheel" options thread?
I fully agree with
@StealthP3D when he/she says:
In other words, a strong conviction that you can predict the future share price movements does not imply you should be using that conviction to harvest small premiums. That is a decision that should be made taking into account the totality of your financial position and strategy. It's not a no-brainer.
But in this thread the options-methods are not discussed in depth, regarding for example choice of strike prices, expiration dates, option types (call/put), option spread types (BPS, BCS, IC, strangles, straddles, etc), option management (rolling, widening spreads, tightening spreads, multi-leg strats, ...) and most importantly how all the above are dictated by your financial position, goals and risk tolerance.
Those aspects are being discussed in the options thread, although the thread consists of traders of all levels of skill and insight. What I have noticed (by reading the
entire thread - you must do so to form an informed opinion about the options thread) is that most members of the thread are gaining skill and insight week by week, options play by options play. It reallly is a beautiful thing to see how people from all backgrounds/financial situation freely (and without incentive to gain from others like many "Tesla influencers") share their experiences/theories/strategies which in turn inspires others to outperform their past selves.
In that sense it truly is a "Wheel" thread, i.e. a flywheel of knowledge and insight in a complex subject matter.
And yes, there are some who wing it and get themselves in sugar, but every thread on the internet has bad apples. Generally each takes full responsability for his/her own actions. The thread should not be seen as a "get rich quick" scheme, but just as a knowledge base for alternative strategies to the 100% HODL strategy (a.k.a. the dead investor). Most the Wheel participants have some HODL part of their portfolio anyway.
TL;DR: can we stop the bickering about options and its thread? To each their own. Whatever investment/trading strategies we use, we (TMC members) are all supportive of Tesla and $TSLA, no matter how many covered calls one might have sold when the stock price soars
.