Board 8 > Stock Topic 34

(+) Yeah! (+)

Im selling puts on GS. Need it to stay above $370 by Friday.

Moonroof posted...

Im selling puts on GS. Need it to stay above $370 by Friday.

Sorry, but I think you're getting exercised.

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masterplum posted...

Lopen might be the only person having a crappier time than my fubo position

Depends. I'm down more but I am probably less stressed than you.

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FIVE saving me from today being a total loss in the aftermarket due to earnings

I should have bought the dip on it, damn

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Nanis, you're mostly in cash right? Think of how much money you saved by not being invested. Relax and be happy.

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I spent 3k on a variety of Jan - July BBIG calls and shares today

Great time to get my bonus cash

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HeroicCrono posted...

Nanis, you're mostly in cash right? Think of how much money you saved by not being invested. Relax and be happy.

About 15% of my money is invested, yes

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HeroicCrono posted...

Sorry, but I think you're getting exercised.

I hope not. Its still 2% away which is a lot for GS, and the 3-month low is over $370 I believe. We will see what havoc comes out though, Im hoping this mornings green is indicative that the market will rebound if theres no new bad news. Additional Omicron cases hopefully wont decimate the market but if it does, hopefully it rebounds Monday for a gain if Im exercised.

Market is playing squid game

Red light!

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Nanis23 posted...

About 15% of my money is invested, yes

Then you are doing better than probably 95% of investors this past week (basically everyone but short sellers). Rejoice and remember, a dollar saved is worth more than a dollar earned (because you have to pay tax on a dollar earned but not a dollar saved). And only if you feel emotionally okay with it, get ready to buy the crash. If you'll feel sick, then don't.

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masterplum posted...

Lopen might be the only person having a crappier time than my fubo position

whats your avg at lol

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Futures currently say it's going to be a green day tomorrow. Let's hope.

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BBIG status update because I want you guys to know how much money I will make when it rockets back up to $12+

2727 shares (5.14 average)
52 Dec 3 5c (this is likely going to be pain)
15 Dec 10 8c (probably pain too)
10 Dec 23 3.5c
61 Jan 21 2022 7.5c
18 Jan 21 2022 20c
77 Apr 14 2022 10c
47 Apr 14 2022 13c
20 Apr 14 2022 20c
30 Jul 15 2022 5c
11 Jan 20 2023 5c

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I hope for your sake it does!

Days to cover climbing.

Squeeze imminent. No news needed at these levels (though they're listed on a new ETF today, NTFZ, so that is actually kinda new good news). I can hardly wait. Loaded up 15 more 3.5c.

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Floated this out but is anyone interested in a discord channel for investing? Crypto and stocks, etc? I have a friend kinda somewhat interested irl

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whats discord is that a tiktok

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$1000 down, $19000 to go

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Hopped on again, got 10 $2 BBIGS that expire end of the year

We'll see if it happens this time


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The tension in the stock price is palpable.

If you believe in the cyclical meme stock theory, we would see a pop off sometime between Nov 24 and Dec 10 based off of nothing but price patternz

Meanwhile the catalysts are still there with the forms being filed. Zash merger and Tyde spinoff we don't really have any reason to doubt yet.

The MOASS could occur if all of these events line up in tandem. Institutions have been loading from down here. Nothing to do but watch and wait right now, and not be too aggressive with lining up dates exactly. I'm shooting behind expected pop off dates with calls, generally.

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Lopen posted...

If you believe in the cyclical meme stock theory, we would see a pop off sometime between Nov 24 and Dec 10 based off of nothing but price patternz

By the way AMC is probably a good buy right now too if you believe in that.

I think BBIG has more upside though if they all squeeze. AMC is probably a 100% gain BBIG is 2-300%

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Menji tell me you sold

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Up to 42% of portfolio in Zoom. It keeps falling and I keep buying. I feel pretty good about this over like a 3 year span, but it does hurt how it keeps going down every day.

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dont see any bull case for zoom...just gonna be another skype kinda thing that gets phased out. good luck though

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Teams makes me not touch zoom. The outlook integration just makes it so much more valuable.

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CoolCly posted...

Menji tell me you sold

I'm holding

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Yeah if a company already has 365 then I would imagine theyd move on from Zoom

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masterplum posted...

Teams makes me not touch zoom. The outlook integration just makes it so much more valuable.

100%

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Baba is bankrupting me

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Market is crashing but for BBIG feels just like another day in the office

That's when you know you have the best stock

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Also hey Zoom hit my $180pt

Fair value for Zoom imo is $130-$140 which puts it at around 30 p/e which is what I expect out of a company that has expended most of its growth.

I expect it to fall to around there and then stagnate. Maybe bleed out if Microsoft starts taking its market share.

I would never put 40% of my portfolio in it-- it's never getting anywhere near $500 again. Just not enough upside to me (or safety for that matter) to go that heavy in it.

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Hey guys I bought something that isn't BBIG

2 FUBO May 2022 20c couldn't resist that fire sale. If I had more money I would have loaded harder

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I also bought more fubo

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I'm also sort of in your boat Lopen in that it's relatively easy to replace money lost. Actually that hasn't been working in my favor this year - now that I look at it I've lost a pretty substantial amount of money since February while the account value hasn't really moved due to new contributions. Anyways, I'm probably not going to go above 50% based on diversification principles.

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Also to be clear 99%+ of the value of my ZM position is in shares not calls and I am really not seeing the case for how this could be worth less than the $130-140/share or so you would get if you gave it a P/E ratio equal to other tech companies with much lower growth rates. So I don't think there is very much downside at this point. Actually, maybe it would be better to reduce the total capital involved and buy more calls.

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I do intend to diversify a bit when BBIG pops. Both in terms of stock selection and having a bit less of my worth in the actual stock market.

I'm seeing the value in leaving assets in cash more and more right now. These dumb market dips will happen and while you want to be on a stock when it goes up, being able to properly capitalize on dips is important. Like if I had another 5k to throw at the market I'd seriously throw all of it into the Fubo May 2022 20c right now. It seems so slam dunk but I can't sell my other assets which are also tanking at a loss right now. (which is why stock diversification is a bit overrated)

I might use Index funds as that form of diversification instead of actually just sitting on the cash though. Like yeah QQQ has gone down a lot in this dip, but it's still up 25% on the year.

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Lopen posted...

Like if I had another 5k to throw at the market I'd seriously throw all of it into the Fubo May 2022 20c right now.

This is the kind of thing I want to do. Can help me understand what this is called so I know what to select?

Is this the one where you're either going to get shares at low price if the price goes up or overpay if the price stays down? So it's fine as long as you're okay with owning more shares?

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GS has insanely good sell put premiums for next Friday. I am going to feast in this.

Menji posted...

This is the kind of thing I want to do. Can help me understand what this is called so I know what to select?

Is this the one where you're either going to get shares at low price if the price goes up or overpay if the price stays down? So it's fine as long as you're okay with owning more shares?

He said 20c so it would be when you own the stock outright, and it would auto sell at the strike price which could be lower than what it actually is at.

Menji posted...

This is the kind of thing I want to do. Can help me understand what this is called so I know what to select?

Is this the one where you're either going to get shares at low price if the price goes up or overpay if the price stays down? So it's fine as long as you're okay with owning more shares?

It's also a way to get leverage without actually taking on margin. You can get the upside for the same number of shares with a small fraction of the capital invested. The downside is the risk of the money you put in has a pretty high chance of going to zero. But since it's a much smaller amount of money, the risk in some sense is lower. Unless you do the WSB strategy of deciding that you can buy calls representing vastly vastly more shares than you could possibly afford to exercise. Which you can do if you want the riches or bust risk profile.


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Menji posted...

This is the kind of thing I want to do. Can help me understand what this is called so I know what to select?

Is this the one where you're either going to get shares at low price if the price goes up or overpay if the price stays down? So it's fine as long as you're okay with owning more shares?

No. What you're talking about is a sold put. I am buying the ability to buy 100 shares of FUBO at $20 a piece through May. If it stays below $20 through May I lose money as there is no value to buying them at $20 if the stock price is below $20. On the flip side if it goes up to $30 I basically reserved my ability to buy them at $20. (and can just sell the contract outright for $1000 +-- 100 x the difference in strikes)

If you want to do what you're describing, under e-trade you'd do "sell open" and then pick the strike at the price you're willing to buy the stock at. So if you were to sell a $20 put on FUBO, the outcomes are as follows.

1. You get the premium up front, but also put the money up front to buy 100 shares (so $2000 for a $20 put)
2. At any time you can be forced to buy the shares for the strike you sold it at, but generally early exercise won't happen.
3. If it finishes below $20 by the time the contract expires, you are assigned the shares at $20 per share. Otherwise you keep the premium and don't get the shares.

I also think that's a good play but upside is limited. I'm expecting a harder bounce which is why I'm purchasing calls.

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If you want to rake some quick money on FUBO and don't mind owning shares, selling the 17p that expires next week seems great.

You get $88 per block of 100 shares. So basically as long as FUBO doesn't drop below $16.12 by next Friday you make money. You're putting up $1700 cash as collateral per time you do this though.

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Menji, you use Vanguard, right? I can walk you through how to sell puts and sell calls if you want. It has to be done through the main site, which can be accessed through the app.

So today is the first day I have 0DTE ITM calls expiring (in 90 minutes or so). This is kind of exhilirating, not gonna lie.

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I'm seeing a theory that today's crash is about brokers arbitrarily increasing margin requirements on securities and causing margin calls-- I guess BBIG was 30% margin maintenance on a lot of brokers and was jumped to 100% today (has always been 100% on E-Trade and I wouldn't be using margin on a stock like this anyway).

While tinfoil hats at BBIG say this is an attack on retail (which honestly with all the stupidity I'm seeing in the market these days I'm not fully ruling that out) this is more likely happening across the board and people with highly concentrated positions are just noticing it more. Probably because of inflation concerns, brokers wanna get their money back now as debt has less value when the value of the dollar is lower.

So I'm expecting a big bounce across the board next week is what I mean to say.

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Sold 8 puts for GS at $350 expiring Friday. Got $1k. Seems a sure thing but we will see about Omicron.

Tax question. With larger income gains, are you supposed to pay taxes each quarter as opposed by the following April? Because I havent been doing that, and I heard that there is a .5% penalty for not doing so.

Moonroof posted...

Tax question. With larger income gains, are you supposed to pay taxes each quarter as opposed by the following April? Because I havent been doing that, and I heard that there is a .5% penalty for not doing so.

I've never heard of that but that is fucked if true

It would just fall under normal underpayment penalty rules, not anything special.

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Well I want to know whether I need to pay prior to April.