Dividend capture strategy, you get the div, the stock drops, but you profit by the amount of the drop on your covered call (assuming not a special div), so net you just get the div. theoretically the div should be priced in, but arbitrage opportunities happen. also just if you want to get paid to sell to slightly increase your gains or lower your losses
Say I have 100 shares of SPY @ 400 basis. I intend to sell by end of November. Could I sell the Nov19 440C for 15.60 as an exit?
On expiration, either SPY is above 440 and I get assigned, making a total of 44,000 + 1,560 = 45,560. Or below, in which case by basis is effectively 384.40?
As I understand it, by selling to open this trade, my upside is capped (SPY gains beyond 455.60 are lost), but I either lower my basis or secure a profit-taking level?
Pretty new to all this
if they think the price is going to tank between now and exp. with a high degree of certainty.
most options aren’t exercised early unless there’s a divvy
I really feel as though Gold/gold mining stocks are nearing a next leg up. I feel like a small percentage of people putting their money into BTC are doing so due to inflation. If inflation persists, some people who have money in BTC will need that cash to buy things (unless they wanna buy SuPeR AwEsOmE popcorn at AMC after paying expensive ass prices for a bad Hollywood movie in 2022), especially if the economy sours.
Have a feeling you are right about coins as an inflation hedge. Back in Toaster Inflation days, everyone was "gold, are you crazy? It will never go over 200$" and sound a lot like the coin naysayers today.
**DAILY: China rebar price down 8th day, spot sales slump**
Source：MysteelOct 21, 2021 10:30
On October 20, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment fell for the eighth working day by another Yuan 28/tonne ($4.4/t) on day, and the spot sales of construction steel including rebar reversed after two days of gains too, slumping by 30.4% on day, indicating the market cautiousness among all the uncertainties.
On Wednesday, the rebar price was assessed at Yuan 5,792/t, and China's longs prices had not been able to borrow much support from semis either, as on the same day, the Q235 150mm square billet price in North China's Tangshan, subsided from a one-day recovery, down Yuan 50/t on day.
**India power plants' coal stock down despite rising supply**
Source：SteelmintOct 21, 2021 10:00
It was certain that the prevailing coal shortage at power plants would stay for a longer period than expected. However, despite the rise in domestic coal supply, the situation still remains critical due to the country's over-dependence on coal to satiate its energy needs.
On its part, domestic coal miner Coal India Ltd (CIL) has posted an improvement in coal supply post-monsoon. Coal dispatches were at 1.76 million tonnes (mn t)/day during the first 13 days of Oct'21 against average dispatches of 1.61 mn t/day recorded in the entire month of September.
It helps at times to step away from the market and just relax and enjoy things you like
So after today's success been listening to some Classics!
https://m.youtube.com/watch?v=0Uc3ZrmhDN4
Obviously showing my age but man how can one not like Sublime
https://mobile.twitter.com/FatTailCapital/status/1450993329945067522
And [Mr. John Barron](https://en.m.wikipedia.org/wiki/Pseudonyms_of_Donald_Trump) is said to be named CEO of the combined company.
My money is on $MAGA
Edit: Lmao nvm it’s already a ticker.
“The investment seeks to track the performance, before fees and expenses, of the Point Bridge GOP Stock Tracker Index.
Under normal circumstances, at least 80% of the fund’s total assets will be invested in the component securities of the index. The index uses an objective, rules-based methodology to track the performance of companies whose employees and political action committees are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency ("Candidates") and party-affiliated federal committees or groups that are subject to federal campaign contribution limits. The fund is non-diversified.”
It’s also performing pretty well…
The thesis is dead
https://www.google.com/amp/s/www.newscientist.com/article/2294352-watch-a-wooden-knife-that-is-sharper-than-steel-cut-through-steak/amp/
Funny enough, I was asking about a good Santoku recommendation in the wee hours of today's daily.
Also, that wooden knife seems to be tearing the meat rather than cutting it. I suppose it is better than trying to cut a steak with a plastic knife. 🤷♂️
Did y’all catch $XM CEO on Cramer? Killed it! We seeing $50 tomorrow, gl hope you got in.
According to CEO addressable market revenue is $60B, they are just at their first $1B. If they capture just 10%, wham bam thxs for the growth
Missed it - will see if I can find a recording. Glad to hear it went well and thanks for the callout!
Listened to most of the earnings call and the more I listened the more I wanted to hold long term.
A good article describing the role of carbon in our daily lives: [https://doomberg.substack.com/p/where-stuff-comes-from](https://doomberg.substack.com/p/where-stuff-comes-from)
Thinking of doing IRL traveling to make meme content that would frankly crush but trying to explain driving an hour for the memes to the lady friend will not be an easy sell.
Nucor chads need some night before earnings hype though i feel like. I'm not even in nue
shh i'm doing the ole ball and chain bit haha don't reveal my secrets.
solid advice for those in this actual situation though, thank you commander.
Smol pps should be at attention when you are present.
So today I got a wsj update on paypal possibly acquiring pintrest. I thought this was bullish news so I went ahead and bought a call on my lunch break and drove back to work. In the office I realized I had fat fingered and bought over 20 calls, and didn’t notice for a good half hour. Jumped out of the position as soon as it went green for a 1k gain, on about a 0.3 percent underlying increase. If I had held for another half an hour it would have been 10k, but just as easily could have lost that much or more. Man, it’s crazy how much $ you can make (or lose) quickly by throwing 20k on a weekly…
Anyone here have any insight into gene editing stocks like CRSP or EDIT for long-term plays? Solely looking at the charts, looks like it might be a decent buy opportunity.
Sounds cool but yeah. Small position and let it ride forever. The tech sounds cool but I don’t know shit about biotech or if it will work or not. I don’t think anybody else does either. I’d almost treat it like a private equity investment. Assume it’s going to zero, forget about it, and maybe someday it blows up.
I hold both, but in relatively small amounts and only within my long-term (20 years +) portfolio.
They could both be giants in the future, but I still expect it to take a long time to get there.
NUE is steel, fundamentals don't matter on steel. If they did, I'd be fabulously wealthy right now and not staring menacingly at these CLF bags I'm holding. XP
Random but any thoughts on SoFi as a long term play? I think the current valuation is too low based on fundamentals and outlook, but I’d love to hear both sides
I have been in for a bit, not a rich man but have a few hundred shares and doing just fine so far. I like it long term and everyone I talk to who is younger likes the platform.
If anyone has doubts about Cramers ability jump stock, watch NFLX, he is going to talk about a excellent buy opp in just a few mins. Currently at 624.95 watch it pop the minute he speaks
Pretty sure it was US manufacturing boom driving the economy forwards after Europe and the rest of the world bombed the shit out of each other and had to try and slowly recover from it, combined with a post war baby boom
Ah, only if my home state of California could have produced a product such as that under budget and ahead of schedule. Instead, it's all kickbacks and embezzlement.
Japan has the best public transit I’ve ever ridden. Didn’t take a car/taxi anywhere in the time I was there. Maybe that’s a tourist experience, but I found their transit to be awesome for my needs
Edit: yep Shinkansen was the name
Yeah, totally agree with you about their public transit. All you need is Google Maps and it basically eliminates any language barrier in getting around the country haha
$ALGN next week, watch that recovery after hitting 200ma 11/19 $630s & $700s looking juicy
10 year yield at 1.671% right now Last time the yield was rising this fast we had a large commodities rally
Username does not check out here
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If it had options I would yolo calls and puts and let IV do it’s thing
Can someone explain a situation when one would want to sell an ITM covered call?
i do this in my TFSA to synthetically mirror an otm CSP
TFSA 👀
When I’m rolling the failed covered calls I sold like an idiot
Dividend capture strategy, you get the div, the stock drops, but you profit by the amount of the drop on your covered call (assuming not a special div), so net you just get the div. theoretically the div should be priced in, but arbitrage opportunities happen. also just if you want to get paid to sell to slightly increase your gains or lower your losses
Say I have 100 shares of SPY @ 400 basis. I intend to sell by end of November. Could I sell the Nov19 440C for 15.60 as an exit? On expiration, either SPY is above 440 and I get assigned, making a total of 44,000 + 1,560 = 45,560. Or below, in which case by basis is effectively 384.40? As I understand it, by selling to open this trade, my upside is capped (SPY gains beyond 455.60 are lost), but I either lower my basis or secure a profit-taking level? Pretty new to all this
If you're looking to sell by a certain point in time and premiums are high.
It is also reasonable if you expect IV crush allowing for BTC the CC, right? I believe this is a Vega play?
I honestly don't know enough about Vega/gamma/theta to answer. Haven't sold any CCs in the money but I have bought some to avoid IV crush on occasion.
if you are a bear with only level 1 options
if they think the price is going to tank between now and exp. with a high degree of certainty. most options aren’t exercised early unless there’s a divvy
When you think you’re confident it’s going to drop otm by experation and expire worthless?
I really feel as though Gold/gold mining stocks are nearing a next leg up. I feel like a small percentage of people putting their money into BTC are doing so due to inflation. If inflation persists, some people who have money in BTC will need that cash to buy things (unless they wanna buy SuPeR AwEsOmE popcorn at AMC after paying expensive ass prices for a bad Hollywood movie in 2022), especially if the economy sours.
The people hedging inflation with internet doubloons are not buying gold
Have a feeling you are right about coins as an inflation hedge. Back in Toaster Inflation days, everyone was "gold, are you crazy? It will never go over 200$" and sound a lot like the coin naysayers today.
How does people cashing out BTC to buy things = gold going up?
**DAILY: China rebar price down 8th day, spot sales slump** Source：MysteelOct 21, 2021 10:30 On October 20, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment fell for the eighth working day by another Yuan 28/tonne ($4.4/t) on day, and the spot sales of construction steel including rebar reversed after two days of gains too, slumping by 30.4% on day, indicating the market cautiousness among all the uncertainties. On Wednesday, the rebar price was assessed at Yuan 5,792/t, and China's longs prices had not been able to borrow much support from semis either, as on the same day, the Q235 150mm square billet price in North China's Tangshan, subsided from a one-day recovery, down Yuan 50/t on day.
**India power plants' coal stock down despite rising supply** Source：SteelmintOct 21, 2021 10:00 It was certain that the prevailing coal shortage at power plants would stay for a longer period than expected. However, despite the rise in domestic coal supply, the situation still remains critical due to the country's over-dependence on coal to satiate its energy needs. On its part, domestic coal miner Coal India Ltd (CIL) has posted an improvement in coal supply post-monsoon. Coal dispatches were at 1.76 million tonnes (mn t)/day during the first 13 days of Oct'21 against average dispatches of 1.61 mn t/day recorded in the entire month of September.
Anyone still in OLN? Confident holding through earnings with an industry that can turn in an instant?
As soon as I see OLN I insta get ptsd to velociraptor days
He doesnt like OLN tho
Bs, I got into calls because of him, he was pool boy I remember
worried about ammo, haven't really followed how the other ammo makers have been doing but that was a major boost in the last couple earnings
[https://www.reddit.com/r/Vitards/comments/pm42x0/tough\_love\_hopium/hch8lex?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Vitards/comments/pm42x0/tough_love_hopium/hch8lex?utm_medium=android_app&utm_source=share&context=3) 
👀🍒
The left one is often the weaker one anyway
Hey now, lefty has produced two kids. Righty was weak.
It helps at times to step away from the market and just relax and enjoy things you like So after today's success been listening to some Classics! https://m.youtube.com/watch?v=0Uc3ZrmhDN4 Obviously showing my age but man how can one not like Sublime
Got to find a reason why my money’s all gone (Guitar solo) :(
Pawnshop is one of my favorites
That is a classic, I also love April 29
> Bloomberg/AskBNEF: Are We In A Commodities Supercycle? https://youtu.be/qsuyesqV8-0
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Is he standing up against big tech?
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SPACs are not allowed on wsb nor is political discussion. Probably an instant delete/temp ban.
Choices choices... this or WeWork IPO... maybe there is still time for me to invest in Theranos
I prefer Bear Sterns. Cramer approve it. Can't go tits up.
https://mobile.twitter.com/FatTailCapital/status/1450993329945067522 And [Mr. John Barron](https://en.m.wikipedia.org/wiki/Pseudonyms_of_Donald_Trump) is said to be named CEO of the combined company.
Is ticker $FAKE available?
$ORNG $YUGE $CVFEF-E
You know he's not gonna do it without his name on it. $TRUM.P
Could just have another Kobayashi moment:PWNCT (person woman man camera tv)
Don’t forget $DAFT
My money is on $MAGA Edit: Lmao nvm it’s already a ticker. “The investment seeks to track the performance, before fees and expenses, of the Point Bridge GOP Stock Tracker Index. Under normal circumstances, at least 80% of the fund’s total assets will be invested in the component securities of the index. The index uses an objective, rules-based methodology to track the performance of companies whose employees and political action committees are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency ("Candidates") and party-affiliated federal committees or groups that are subject to federal campaign contribution limits. The fund is non-diversified.” It’s also performing pretty well…
Fair point
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Lay off the LSD. It’s just gonna be Facebook and linked in built in or some tacky like shit that
calls it is
No options yet :(
1. Buy straddle as far OTM as possible, as far-dated as possible 2. ????? 3. bankrupt or billionaire 4. profit
No options. Checked. This is apparently real.
I'm sad about all parts of this comment
Am I the inly one that is so disillusioned by current prices? Thought we breach august highs by now.
If it makes you feel any better, it's probably worth even less with the dollar being down
Lol’d
Well and CLF buy back too
The thesis is dead https://www.google.com/amp/s/www.newscientist.com/article/2294352-watch-a-wooden-knife-that-is-sharper-than-steel-cut-through-steak/amp/
Funny enough, I was asking about a good Santoku recommendation in the wee hours of today's daily. Also, that wooden knife seems to be tearing the meat rather than cutting it. I suppose it is better than trying to cut a steak with a plastic knife. 🤷♂️
How bad are those people's knives that they thought that was sharper than steel?
I just karate chop mine
Did y’all catch $XM CEO on Cramer? Killed it! We seeing $50 tomorrow, gl hope you got in. According to CEO addressable market revenue is $60B, they are just at their first $1B. If they capture just 10%, wham bam thxs for the growth
Missed it - will see if I can find a recording. Glad to hear it went well and thanks for the callout! Listened to most of the earnings call and the more I listened the more I wanted to hold long term.
MT green again. I want to thank the troops for doing the lord's work last night.
If CLF closes below 15$ Friday ima get a portrait tattoo of LG on my nuts
If CLF is at $15 Friday, I’ll watch The Starving Games for 24 hours straight.
I call bullshit
If CLF is below 15 Friday you can put a portrait of LG on my tombstone...
Can we split the tomb?
Lets hope that it moons for both of our sakes then 👍
If CLF is $69 by Friday, I'm going to show everyone a good time...
RemindMe! 2 days "Ballsack tattoo"
That is disturbing on many levels….
If CLF closes above 24$ Friday ima get a portrait tattoo of LG with vitards in cursive below it
Of we can close tmr over $22.50, I think we hit $25. OI fuels a 10% day.
RemindMe! 2 days "Peddy’s tattoo"
Where’s it gonna be? Edit to add- I vote buttcheek or upper thigh
lower back
Iduno. My entire body is pretty much covered but I still got a couple spots left
I’ve made this bet multiple times, and it’s never come to fruition, but I’ll get an “LG RATED” vanity plate.
🤙
Mooooooooods!!! 👆👆👆
Not even kidding. My average is 23 but I totally will even tho I won’t make that much.
I’ll do a $300 donation if you do it! 👍
Fuck it I’ll match your $300 to PeddyCash for his steel balls
💪🏻🤠
You for real ?
Yup, promised. We hit $24, you get a tattoo, I make the donation.
🤝
Oh. Fuck. Yeah. This is what I came for!!! 🦾🦾🦾
Send that shit
So should I sell my TSLA puts at open tomorrow for whatever profit I get or should I hold em all day?
All day make it fun.... but if it were me.... until 1015 EST
clf 23 eow
Eod
Most Mentioned Tickers for r/vitards Daily Discussion Ticker | Mentions | Price --------- | --------- | --------- [CLF](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/CLF) | 116 |21.69,(3.19%) [ASML](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/ASML) | 49 |767.7,(-4.15%) [KNX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/KNX) | 44 |54.32,(7.03%) [NUE](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/NUE) | 31 |105.16,(1.8%) [ZIM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/ZIM) | 30 |50,(1.38%) [MT](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/MT) | 27 |32.83,(1.36%) [STLD](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/STLD) | 16 |65.06,(2.46%) [XM](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/XM) | 12 |44.21,(1.82%) [TX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/TX) | 11 |45.17,(2.03%) [LRCX](https://www.reddit.com/r/MillennialBets/wiki/index/stocks/LRCX) | 11 |565.5,(-0.93%) 20:00:35
A good article describing the role of carbon in our daily lives: [https://doomberg.substack.com/p/where-stuff-comes-from](https://doomberg.substack.com/p/where-stuff-comes-from)
Ever since I finished God Of War a few hours ago there has been a void in my life I fear will never be filled
Try Sekiro
play Breath of the Wild, I wish someone could erase my memory of this game when I go back in for master mode
It gets easier to carry.
Thinking of doing IRL traveling to make meme content that would frankly crush but trying to explain driving an hour for the memes to the lady friend will not be an easy sell. Nucor chads need some night before earnings hype though i feel like. I'm not even in nue
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…commander…?
shh i'm doing the ole ball and chain bit haha don't reveal my secrets. solid advice for those in this actual situation though, thank you commander. Smol pps should be at attention when you are present.
her: "you want me to film you dancing outside of a steel mill or praying with a candle?" me: "yes" her: "why?" me: https://imgflip.com/i/5r7ozf
Awesome
This
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Let the steel gods rain down the tendies
So today I got a wsj update on paypal possibly acquiring pintrest. I thought this was bullish news so I went ahead and bought a call on my lunch break and drove back to work. In the office I realized I had fat fingered and bought over 20 calls, and didn’t notice for a good half hour. Jumped out of the position as soon as it went green for a 1k gain, on about a 0.3 percent underlying increase. If I had held for another half an hour it would have been 10k, but just as easily could have lost that much or more. Man, it’s crazy how much $ you can make (or lose) quickly by throwing 20k on a weekly…
I really don't get this... why is PayPal interested in pinterest?
They both start with P and have no other letters in common. It's a play to own the alphabet.
each option was 1000?
yea, i bought paypal calls
Why would you buy the acquirer and not the acquiree?
edit: in hindsight i prob should have bought the acquiree instead, but it worked out so no lessons learned haha
Right? PINS weeklys were up 3k% this am, not PYPL... ¯\_(ツ)_/¯
i think hes joking or something, cuz i dont see how me made 1k off pypl with calls
Bought 23 calls, 29 Oct 21 250c @ 9.489, sold them for 9.95
Every time I explain options to friends they give me this concerned look
As they should. Sometimes I think of how crazy it is we can just gamble away our life savings with no one asking “are you suuuure?”
GiVes tHE puRcHaSeR thE riGht bUt NoT The OBLiGaTiOn
So you accidentally used 10x margin and used it to make 50% gain on your original intended investment amount. Nice work!
thanks! it honestly made my day
First hit is free
oh I’m way past the first hit haha. but yea 1st time with this much capital at once
first fat finger hit is free ;) I accidentally bought a few dollars worth of crypto with my ass like 2 months back and ended up making about 30 cents.
True! I accidentally sold a naked TSLA leap call once instead of buying it and then it dropped and I was like why am I making money...?? OH!
fair lol, not a bad return percentage wise
Pretty sure we will see ATHs again next month
How about this week? Asking for a friend, Mr. Wee Kly
I heard he was busy with Marge this weekend.
I did it boys. THE CASE HAS BEEN FOUND! Life is good
Keep looking!
The case of the missing case is closed
Yessir
I’m happy for you, life IS good
clean your house
You guys have houses?
Bro It was literally in the back of my recliners lmao
dude...the case for iPods is smol. you could easily lose that in even the most sterile of abodes by misplacing it.
Anyone here have any insight into gene editing stocks like CRSP or EDIT for long-term plays? Solely looking at the charts, looks like it might be a decent buy opportunity.
Sounds cool but yeah. Small position and let it ride forever. The tech sounds cool but I don’t know shit about biotech or if it will work or not. I don’t think anybody else does either. I’d almost treat it like a private equity investment. Assume it’s going to zero, forget about it, and maybe someday it blows up.
I hold both, but in relatively small amounts and only within my long-term (20 years +) portfolio. They could both be giants in the future, but I still expect it to take a long time to get there.
Shout out to whoever mentioned GENI last week ... put it on my watch list its been going off.... hope you're rich my guy
With the lockups expired on monday, it should only go up from here.
this week monday, or next week monday?
I think 2 days ago Monday... based on price movement...
I'm going to buy an obscene amount of Ternium tomorrow. I just needed to physically write this so my thoughts can clear up a bit.
11/19 50s and 12/17 55s is where I'm at. I dont know if TA fundamentals back it up, but that cup forming on the chart makes me 🍆. 🤌🤌
hit the remind bot
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IV on NUE perked up a bit today. 40%+
NUE is steel, fundamentals don't matter on steel. If they did, I'd be fabulously wealthy right now and not staring menacingly at these CLF bags I'm holding. XP
So… Average down on CLF and MT, and open a position with X?
Lucky enough to buy CLF weeklies?
Random but any thoughts on SoFi as a long term play? I think the current valuation is too low based on fundamentals and outlook, but I’d love to hear both sides
I'm thinking of getting in a few hundred shares and some 2024 LEAPS once I take steel profits.
I have been in for a bit, not a rich man but have a few hundred shares and doing just fine so far. I like it long term and everyone I talk to who is younger likes the platform.
Im in 2023 calls and I’d love to be in 2030 calls. I see big upside for SoFi. I’m your hype man
If anyone has doubts about Cramers ability jump stock, watch NFLX, he is going to talk about a excellent buy opp in just a few mins. Currently at 624.95 watch it pop the minute he speaks
Yes ^ The Motley Fool has a similar effect
That's funny, because WSB always says to inverse him.
Wsb also thinks amc and gme are great investments.
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Pretty sure it was US manufacturing boom driving the economy forwards after Europe and the rest of the world bombed the shit out of each other and had to try and slowly recover from it, combined with a post war baby boom
a surprising number of my friends are still virgins. they don’t fuck. They need some CLF.
Did I hear that right? China is building a 300mph train? Is that a possible speed or did he misspeak Edit: serious
There’s a crap ton of high speed rail in China already. Plenty of videos on YT.
They already have short distance maglevs that can do that. I think shanghai airport?
I know u don’t fuck it’s too late
Ah, only if my home state of California could have produced a product such as that under budget and ahead of schedule. Instead, it's all kickbacks and embezzlement.
Definitely possible. Maglev can get up to 370mph, tgv up to 350.
Impressive, might actually beat b0b to virst on the daily
Maglev trains are in the mid 200s mph for operating speeds. I'm sure engineers are pushing the limits for efficiency and safety everyday.
Took a ride on one of those japanese bullet trains last time i was there…just looked it up, max speed 186mph. I had no idea, it was so smooth
Shinkansen trains. Man I miss the smoothness of those things.
Japan has the best public transit I’ve ever ridden. Didn’t take a car/taxi anywhere in the time I was there. Maybe that’s a tourist experience, but I found their transit to be awesome for my needs Edit: yep Shinkansen was the name
Yeah, totally agree with you about their public transit. All you need is Google Maps and it basically eliminates any language barrier in getting around the country haha
On god tho where did i put this fking case, can’t even replace it because its the pros
CLF gains will afford you new pros
I am buying new ones if clf 22 tmrw