Lurker > Moonroof

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear
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TopicStock Topic 32
Moonroof
09/27/21 10:16:36 AM
#366
I dont know what to make of crypto. Im glad Im not looking at it every second anymore though.
TopicStock Topic 32
Moonroof
09/24/21 4:03:03 PM
#353
What a ride its been watching that one for you guys.
TopicStock Topic 32
Moonroof
09/23/21 10:18:42 AM
#336
Vanguard received my transfer putting me at $331k. I tried selling 19 puts on Disney at $172.50 ($2,500 premium) but my order got rejected, looks like the money needs to settle longer even though its a margin account. Strange.
TopicStock Topic 32
Moonroof
09/20/21 5:42:15 PM
#315
Gonna move all my money into Vanguard, should have around $330k to play with.
TopicStock Topic 32
Moonroof
09/20/21 9:45:09 AM
#307
Believe me, Bitcoin will be trading under $35k sooner than later.
TopicStock Topic 32
Moonroof
09/20/21 9:25:51 AM
#303
frankftw posted...
"A [Moonroof] with money is a little like a mule with a spinning wheel"

Thisis not at all applicable.
TopicStock Topic 32
Moonroof
09/20/21 9:23:57 AM
#302
masterplum posted...
I just think your strategy is fairly nonsensical. You buy when stocks go up and sell when they go down.

If you think Crypto is a good long term investment you absolutely should not sell at its lowest point in a month. Conversely if you think Crypto is a bad investment, you shouldn't be planning on buying back in

I sold my crypto for a 30% gain, hardly buying high and selling low. Also, I dont believe that I am selling at its lowest point, obviously I believe it will go lower than its currently at. Your post seems to be based on incorrect assumptions.
TopicStock Topic 32
Moonroof
09/20/21 8:49:34 AM
#298
People seem particularly invested in my investments.
TopicStock Topic 32
Moonroof
09/20/21 8:45:11 AM
#296
Terrible day for crypto, my goodness. I have bought into the FUD and believe that we are entering a bear market.

I took out my BTC for a $43k profit, Ill look to buy back in when things are less negative. I am currently stuck in RIOT but will probably take that out too. I am down around $32k in it but about $7k of that is offset by puts and calls.

All in all, looks like I made around $18k or 8% in the past three months. I left a ton on the table, what else is new.
TopicStock Topic 26
Moonroof
03/25/21 5:11:19 PM
#44
OPTIONS TRADING

DEFINITIONS

- Strike Price: Price you think the stock wont go above or below (depending on buying or selling) by the Expiry Date
- Expiry Date: Date you think the Strike Price wont hit by
o These are only on Fridays. Depending on the size of the stock, it can be every Friday, one Friday a month, etc.
o Always set these only 1-2 weeks out (this ensures you wont be tied to the stock for too long and also minimizes speculation)
- Contract: 100 shares of a stock. Therefore, you must own at least 100 shares and can only go by 100s (if you have 230 shares, you can only do two contracts)
- Limit Price: The amount of money you make per share (e.g., 2 contracts at limit price $1.10 equals $220 premium). Must be between Ask and Bid prices. Always make this slightly above the Ask price (this ensures the order executes)

SELLING

Covered Calls
- Option Type: Call
- Transaction Type: Sell to open
- Strike Price: Price you think the stock wont go above by the Expiry Date
- Tip: Always make the Strike Price higher than your entry price (this ensures you wont sell the stock for a loss)
- Once you do this, you immediately earn a Premium which is calculated based on the Expiration Date, Strike Price, Limit Price, and number of contracts. This is yours no matter what happens
- Goal: Stock price goes up but doesnt surpass the Strike Price on the Expiry Date
o If the stock does surpass the Strike Price, then you are forced to sell the stock at the Strike Price (for a profit, if you made it above your entry price) regardless of how much higher it finished on the Expiry Date at close
- NOTE: You must already own the stock that you are selling a covered call on
- NOTE: It does not matter whether the Strike Price is surpassed prior to the Expiry Date. All that matters is whether it surpasses it on the Expiry Date at close.

Puts
- Option Type: Put
- Transaction Type: Sell to open
- Strike Price: Price you think the stock wont go below by the Expiry Date
- Tip: Always make the Strike Price lower than the current price (this ensures the Put doesnt auto-execute for a loss)
- Once you do this, you immediately earn a Premium which is calculated based on the Expiration Date, Strike Price, Limit Price, and number of contracts. This is yours no matter what happens
- Goal: Stock price remains above the Strike Price on the Expiry Date
o If the stock price falls below the Strike Price, you are forced to buy the stock at the Strike Price regardless of how low it closed (e.g., buy a stock at $1.50 even though it closed at $1.40).

BUYING

Covered Calls
- Option Type: Call
- Transaction Type: Buy to open
- Strike Price: Price you think the stock will go above by the Expiry Date
- Tip: Pick a Strike Price above the current price
- Once you do this, you immediately pay a Commission which is calculated based on the Expiration Date, Strike Price, Limit Price, and number of contracts
- Goal: Stock price surpasses the Strike Price. The larger the difference between the Strike Price and stock price on the Expiry Date, the more Premium you earn
o If the stock does not surpass the Strike Price, then you get no Premium

Puts
- Option Type: Put
- Transaction Type: Buy to open
- Strike Price: Price you think the stock will go below by the Expiry Date
- Tip: Pick a Strike Price below the current price
- Once you do this, you immediately pay a Commission which is calculated based on the Expiration Date, Strike Price, Limit Price, and number of contracts
- Goal: Stock price goes below the Strike Price. The larger the difference between the Strike Price and stock price on the Expiry Date, the more Premium you earn
o If the stock does not go below the Strike Price, then you get no Premium

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