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4thgenhorn

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Posts posted by 4thgenhorn

  1. 5 hours ago, dad said:

    Yeah one of them was negative 30k in Robinhood not long ago during the recent low and now he's 60k mainly on the basis of riding two SQ calls. Seems like a lot of luck lol. I have yet to buy an option though because I'm too cheap to risk it going to zero. Thanks for the advice. I'm 33 and certainly fall victim to FOMO, chasing what seems like easy quick money. 

    I had a similar eagerness right out of school. Went straight into options, bought a bunch, made a little in first 1-2 months then lost 100% of my portfolio. It was a good lesson. Then I read all of Bill O’Neils books, founder Investors biz daily, read all of Cramer’s, read Buffetts bio, read a number of others. Boggleheads.org has tons of info. Max all tax advantages plans and put them in index.  Experiment with small cash while you read and study, real world experience>academics. Before you know it you’ll have a pile of equities and be on your way to an “expert”. 
     

    Also realize the 2020 market is very unusual. TSLA is very unusual. It won’t go up 7x in a year again. 

  2. 12 hours ago, 52-80 said:

    Salesforce had a big earnings beat, so it opened 17% to $250 or something... usually after the post-earnings pop they start deflate right away

     

    So I sold $280 calls.... and then Salesforce promptly climbed above 25% and almost put my short position in the money.   fucker.

    Nothing wrong with making profits.  You can always just cover and take the small loss vs position.  I’m doing the exact same thing, but on AAPL and FB. Hope they just don’t pop 5% in next 7 biz days. 
     

  3. On 8/21/2020 at 7:01 PM, NateHitch said:

    Hindenburg just set their sights on it so I'd stay away. Their mouth breathing followers will be shorting the fuck out of it in the next few weeks
     

    Not a very positive report, guess I’ll pass. 
     

    speaking of Stonky, largest Co in the world AAPL is going parabolic before their split. I sold a 525 call Sept 4 on Fri. Course it’s already underwater. Option prices are very rich, especially given size. I hope I can do more post split. 

  4. 6 minutes ago, Cheeseweasel said:

    You don't know how much blow/hookers are in my budget at age 85.

    With a balance of $8M, I hope they’d be the majority of the budget. 
     

    Thanks for posting the most ridiculous academic paper I’ve seen in a while. Very small percent of peeps will hit that number and very small percent can live sub $40k. Guess 99% of peeps will eat dog food in retirement and ration their pills. 

    • Like 1
  5. 18 hours ago, atomheartbevo said:

    We didn't have a house without wheels on it until I was in 4th grade (dad was a doodlebugger, we moved a shitload as a kid), and I had lived in half-a-dozen states by then.

    Anyways, G I Joe was huge during my elementary/Jr high years, and this was what rich was to me:

    spacer.png

    The GI Joe aircraft carrier was the pinnacle of toys. I didn’t even get the F-16 jet, let alone the carrier. 
     

    I only saw one carrier as a kid and my jaw hit the floor. 

    • Hook 'Em 1
    • Like 1
  6. I recall in elementary school thinking if you could eat out and have shrimp that you were rich. My 4th grade teacher said at beginning of the year if you had perfect attendance she would take you out to a restaurant for dinner. I remember pulling her aside after the offer and clarifying, “you mean even red lobster?”  At the end of the year there was no mention of the offer. Either I didn’t have perfect attendance or she’s a liar!

     

    When Red Lobster has those shrimp fest commercials I always remember back to that teacher. 
     

    i also remember shrimp as being like a special event if my mom would get like 5 precooked shrimp from the seafood deli.  What a luxury!
     

    • Hook 'Em 1
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  7. Doing the homeschool for 4th grader via normal public school. Spring was terrible but they say they’re going to try this Fall vs all optional work past Spring. 
     

    we hired a Math tutor that’s starting next week. Might add more tutors with 1-2 friends so it adds a touch of social. Seems the tutors will get booked fast so we are starting now. 
     

    Also spent today rearranging some furniture in guest room to provide a school office for 4th grader independent of family. Hopefully make it a place easier to study and zoom from. 
     

    also need to buy another PC for home so no sharing. Probably a chrome book, but maybe a MacBook. 

    • Like 2
  8. 2 hours ago, ZB'Tejas said:

    I think $BYND upside is limited in the short term but still a decent long term hold. I sold about half of mine and letting the rest ride for now. I have not found much else that I really want to invest in at this point.

    Sold half mine as well; the remaining half I have decaying covered calls. The calls are so rich I think I’ll be holding for a while just based on that alone. 
     

    New pick is SGEN...cancer drug co...looks to be breaking out this week. 

    • Like 1
  9. Made some good cash in BYND today. Also wrote 185 covered call for this Fri. Crazy when 20% OTM call gives you > 1% return, weekly. Hope it keeps going up, but don’t want it past 185 by Fri. 

  10. 13 minutes ago, BevoSwag said:

    Did anyone happen to see the explosion between Andrew Ross and Joe Kernan on CNBC this morning?  Those two have been swapping insults for several months now and I wonder how much longer CNBC is going to put up with the snarking.  

     

     

    They really got a bit Surly with each other. I missed that, thanks for posting. 

    • Like 1
  11. More of investment mindset or goal discussion, do you guys outline specific return metrics you try to reach?  Like X% return weekly/monthly, or just keep making MORE?  The problem with the later is that it’s not actually achievable...I find myself in that camp these days.

     

    Years ago if I had a big purchase like a new PC or phone, I’d challenge myself to manufacture that via options or a trade.  I’ve not done that in a while, and it’s just a MORE ambiguous goal; maybe outperform S&P.

     

    One goal Id like is to add more short covered calls as a percentage of NW. My issue is I sell em on my speculative pics where you get a lot of premium, but that ultimately is a small percentage. Shorting calls on index funds doesn’t give that juicy return.  
     

    Anyway, curious what others use as your personal performance benchmark or goals.
     

     

     

     

  12. 3 hours ago, markstanco said:
    4 hours ago, demos said:
    ^ and then he never received another blowjob.

    He chose poorly.

    Ugly chicks have to give blowjobs after marriage on the regular or else.

    Or else they take half your sh*t. 

  13. 27 minutes ago, Anastasis said:

    Yeah, I don't fuck with selling shit naked. Too much risk involved for my liking, and the numbers can get pretty big in a blink. My call was covered, It just made more sense to me to eat the loss and buy back the call. 

     

    And it just broke through 140. LOL. 

    I’m doing same as u guys with BYND. Currently short 130, 150, and 160 covered calls for this Friday.  Surely it won’t bust through them all, but I guess that would be a good thing. I was short a 115, which I covered then rewrote at 130.  Shits going parabolic  

     

     

  14. 4 hours ago, The People’s Elbow said:

    Took a few 5/8 BYND puts right before yesterday’s closing bell. Easy 25% this morning. Got lucky.
     

    Yesterday’s ROKU, SQ, and PTON calls have gradually been taken off the board this AM.

    TWLO is still my scarlet letter. I sold my $117 calls yesterday thinking I should be happy with 25%...and I know I should. But today this shit is trading up 1000%s. 
     

    Oh well. 

    You made profit. That’s all that matters. Can’t beat ur self up on Twilio too much. 
     

    I sold Shop for a 50% profit, 200 pts ago. I sold PayPal at 108...oh well. 

    • Like 1
  15. 4 minutes ago, HoffaJimmy said:

     

    Ha, good pop. Who knew you could shred cardboard and put enough salt on it for the mouth breathers to think it's real meat. High Blood pressure and cholesterol for all! 

    I’ve never tried the food and have a freezer full of beef. Just seems like a high growth space...and it feels like I’m back at the craps table, which is always nice. 
     

    im sure in time they’ll make foods that don’t kill u as much, and are better for green house gasses. 

  16. 1 hour ago, The People’s Elbow said:

    So, I’m sitting on short-term (2-4 week exp) PTON, ROKU, SQ, and TWLO calls. I bought them late, but am up 10-30%. With the last couple days’ climb, I suspect we’re gonna see an afternoon and/or post-earnings-call, after hours sell-off, and I should take my profits soon. However, I’m curious if anyone sees something different. 

    I just started a PTON position...figure they are in a good spot right now for pure growth. I was also looking at SQ this AM...it’s already moved a lot back up, I hesitated on putting cash there today, so it’ll go up for sure. 
     

    for me ROKU sort of competes too much with big tech dongles...but I’ve been wrong for 100 pts on that one. 

  17. On 4/20/2020 at 8:41 AM, ShaggyBevo RIP said:

    Few cars are still being built so new isn't stacking up enough for dealers and makers to get drastic.  Used cars are stacking up from leases ending and no buyers. Used market likely gets a bunch of repos as well in about 90 days.

    If you can wait, the end of September should be good for a deal on 2020 models.  Dealer's quarterly money factor coming due and 2021s arriving. June will be telling as the end of June is the next time dealers have to pay the interest on their loans for their inventory.

    I need to buy a care by EOY for business. Kinda timely post. Oldest I would want is 2019, needs to be new model year for work. Hoping to find a screaming deal, so let the repos flow. 

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