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02-02-2021, 12:35 PM #121
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02-02-2021, 01:08 PM #122
This if you own a house you can write off mortage, anything work related, equipment, etc. Can atleast half it. Can you brahs dumb down calls and puts for me. Take AMC for instance, next weeks calls and puts are low AF. Calls at 1.80-3.10, puts at .94 to .29. So say I buy a put .94-95 at its price now. im basically betting the price will fall to that level by the exp of that week? what if it lands at like 1.50? Same with a call, lets say i buy the 5block 3.10-3.20 and the price stays at 7-10 by exp date. How am I making money on those? I understand the basics, but actually ordering it through etrade or td ameritrade is confusing me.
I was always looking at the finger pointing at
the moon. Now I'm just looking at the moon.
And there’s no me looking. There’s just looking.
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02-02-2021, 01:12 PM #123
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02-02-2021, 01:27 PM #124
I'll shoot you a pm tonight for sure! I don't think there's any hope for me this year tbh. Problem is almost all financial/tax benefits I get from own property is superseded by my rental gains. The most fukked up part about that is that they don't calculate your net profit, they calculate the entire rental amount... So over $24k in rental income just washes out all those benefits.
"It won't get better, just different."
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02-02-2021, 01:35 PM #125
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02-02-2021, 01:46 PM #126
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,423
- Rep Power: 242268
Yeah 2020 will be an interesting tax year
I incorporated a company about halfway through 2020 and began working as a consultant, so I haven’t paid any tax since then. And I’m sitting on about $5k in GST that will need to go to the government
Tax bill on top of the GST will likely be $30k but I also contributed $40k to my RRSP. Not even sure how it’ll all math out on the end.
Edit: Wtf thought this was the trading thread
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02-02-2021, 02:00 PM #127
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02-02-2021, 02:03 PM #128
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02-03-2021, 07:42 AM #129
Great CSP opportunity alert!
CSP on APXT (avepoint) 3/19 strike 15 for $2.10
If you actually get shares at $13 you got yourself one hellofa deal. Imo it would take a lot for them to go under 15. IV 130 currentlyFitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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02-03-2021, 08:48 AM #130
This trade is fully closed. Obviously full potential profit not realized, but would like to continue to practice discipline, plus still not entirely comfortable with the market.
Max Potential profit was $10.6k
Closed at for $8k for 75% profit.
I have another strangle set for 3/19 as well, $900cc/$850csp,
The CSP is currently +20%. I might close that out if I can open a $900csp at my desired premium."It won't get better, just different."
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02-03-2021, 09:09 AM #131
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02-03-2021, 09:09 AM #132
Going heavy on 2/19 $35 PLTR calls. Earnings morning of 2/16. Btw, I don't follow these often, but I've never seen an annual earnings call scheduled for 8 am EST? I know there aren't many analysts on the west coast, but lol at 5 am time for them.
Pray for me bros. If this hits hard I'm upgrading my main residence, srs.
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02-03-2021, 09:18 AM #133
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02-03-2021, 11:01 AM #134
Modified my strangle for TSLA 3/19. Closed one leg out for +$4k. Still have 2 sets of CC's that I opened at a much lower level, so very upside down in. Added a higher strike leg for "insurance" combined with my existing shares. Current configuration:
Max profit potential is $29k @ $900 expiry price.
TSLA
3/19
$900cc @ $22.99 premium x2
$1000cc @ $22.94 premium x2
$900csp @ $100 premium x2
OPC for reference: http://opcalc.com/nuf
I am going to be fairly conservative with this one, at least that's the plan for now, and will most likely aim to close at 50%."It won't get better, just different."
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02-03-2021, 03:37 PM #135
Bought 10 2/19 $10 calls on VXRT today after it got pummeled down to 12
Then it got pummeled down to whatever it is now.
High IV
Went in thinking i might be able to catch a rebound to 15 or 20 from the yuge selloff
Does VXRT stand a chance to rebound so i can sell it off between now and expiration?Once a son of light, now a creature in the night
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02-03-2021, 07:57 PM #136
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02-03-2021, 08:25 PM #137
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02-04-2021, 06:45 AM #138
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02-04-2021, 07:10 AM #139
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 11,347
- Rep Power: 52743
Those apple calls are not doing so well sighh.
Kinda phucked this up.
Even that apple / kia rumor pop from yesterday didn't do much.
That 150$C is now 0.65 was $1.01 when I bought.
Think I am gonna cut my loss here and just move on.
AMD calls are down to $3.4 as well.
Will keep AMD for one more week.
I was reading yesterday that February is not exactly bullish month historically.
So maybe cooling off bit from any buying is not bad idea.
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02-04-2021, 07:14 AM #140
Closed out my CCIV spread this morning for a 1k profit. I have a feeling I’ll regret it but at the same time I’d rather not have those funds a) tied up, b) have nothing to show for if nothing happens in the next two weeks.
Opened a TSLA CSP 2/12 @ $810 for $15"It won't get better, just different."
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02-04-2021, 07:54 AM #141
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02-04-2021, 08:03 AM #142
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02-04-2021, 08:14 AM #143
Damn, dude, you really out here throwing $81k into a single position? I hope you score big on it.
edit: you're on margin aren't you? So that put isn't really cash secured, right?
Regarding profit taking, just my opinion, but it's always better to to take a guaranteed profit than to lose it all trying for more. I usually only target around 50% of max with most plays, less sometimes if they're really aggressive. You basically have to hold until expiration to get max, and things can just get more volatile around expiration, and it's a longer duration giving more time for things to go wrong.
IV is decent, good probability of success. If you're neutral - slightly bullish on SNAP it's not a bad trade.Last edited by SpeedCheeser; 02-04-2021 at 08:22 AM.
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Official Supp. Misc Beer Crew
RIP YGST
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02-04-2021, 08:17 AM #144
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02-04-2021, 08:41 AM #145
Actually 2 puts, so twice as much smh. That said, the support its shown, even after earnings and market volatility, is reassuring enough to make quick plays like this. Really, I am somewhat looking at wheeling strategies with this.
And I am on Portfolio Margin, which has been a game changer. You are correct, not technically a CSP, but use the term to make things a little more clear for everyone (open to other ways to write it). FWIW, I am sitting on more than enough cash to cover that play.
Totally agree. Wit the CCIV spread, my max potential was $22k, with a max exposure of $3k. With the clock ticking, I started feeling anxious and like this was more akin to gambling, and I didn't like that, so got out. I can't allow myself to go down that path or to get to the point where all of this just becomes "numbers on the screen, so what's 3k?" ya know?"It won't get better, just different."
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02-04-2021, 09:00 AM #146
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02-04-2021, 09:04 AM #147
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02-04-2021, 09:13 AM #148
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02-04-2021, 09:41 AM #149
Current CSP farm
ARK (F-W) 2/19 - Not so much about the premiums, but entry points I would actually be chill with getting in at and holding. Otherwise theta farming
LULU 2/19
LULU 3/19
RKT 2/19
RKT 3/19
TSLA 2/12
TSLA 3/19
I don't think I will open any more until either all my 2/19's are at 70%, or until they close altogether. Maybe PLTR if it dips."It won't get better, just different."
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02-04-2021, 09:42 AM #150
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