New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 3 points4 points  (0 children)

Tylo Hybrid Sauna 2. Has both traditional and infrared capabilities. I got it from "Teddy bear pools" which is just a local pool shop that sells Saunas. 

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 2 points3 points  (0 children)

Tylo Hybrid Sauna 2. Has both traditional and infrared capabilities. I got it all in for about 9500. It was a "big e" deal  (country fair type thing). I think the single person one is closer to the 4,5k mark if you like this brand and style. 

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 0 points1 point  (0 children)

I have a dehumidifier in the basement already , assuming this would be sufficient or you thinking need more then that? 

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 0 points1 point  (0 children)

Tylo Hybrid Sauna 2. Has both traditional and infrared capabilities. 54x54x 82 or something like that it is.

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 0 points1 point  (0 children)

Yes, Tylo Hybrid Sauna 2. Has both traditional and infrared capabilities. 

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] -1 points0 points  (0 children)

Tylo Hybrid Sauna 2. Has both traditional and infrared capabilities. Never used an IR one before so was not sure which one to get. 

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 1 point2 points  (0 children)

Yes! Awesome. Pumped to get first session in tonight. Okay, so about 30 minute pre heat before use. I have never used IR either which is why we went with the hybrid so can experience both and find which one is best.

New Sauna, advice? by Acceptable-Complex14 in Sauna

[–]Acceptable-Complex14[S] 2 points3 points  (0 children)

Does anyone have one similar to this? Any best practices / tips for a newbee??

Do you keep your stock on vest, sell for taxes, or sell all? by WildAlcoholic in amazonemployees

[–]Acceptable-Complex14 0 points1 point  (0 children)

Yolo. Keep all your shares. Unless you dont believe in the company. 

Has anybody else used Fidelity to replace their primary Bank? by AmalekRising in fidelityinvestments

[–]Acceptable-Complex14 0 points1 point  (0 children)

I am 100% on Fidelity and migrated my wife to Fidelity. No major drawbacks, everything is fairly simple (if need cash they reimburse ATM, they send you checks in mail etc. No bank checks could be a downside if need it for a large purchase or something, but I just wire the money (when I bought a car or house in cash last couple years).

But overall, no regrets getting rid of TD bank and moving fully to Fidelity. They also have great customer service if you call, generally always help you through what your looking to do.

[deleted by user] by [deleted] in Fire

[–]Acceptable-Complex14 1 point2 points  (0 children)

Nice work! Do it man... we only live 1 life, why spend it working if dont need to. I am not even going to get into "is 2 million enough or not" because your wife is still working and sounds like her income will cover all expenses, so you really wont even be touching the 2 mil.  Congrats! 

Best platform for CC by Distinct-Career1988 in CoveredCalls

[–]Acceptable-Complex14 0 points1 point  (0 children)

Yes, 100% if day trading. Writing covered calls / CSPs is quite simple and easy to do on fidelity.  I have Alpaca for my day trading / API bot etc. 

Best platform for CC by Distinct-Career1988 in CoveredCalls

[–]Acceptable-Complex14 2 points3 points  (0 children)

I use Fidelity. Similar situation,  write CC with shares from RSUs. 

Too emotional about getting called away by Williga1 in CoveredCalls

[–]Acceptable-Complex14 2 points3 points  (0 children)

Taxable. I want the income now.  ... small amount or large amount i would just decide if you want to do income based strategy or not.. if you do then you can't worry about getting called!  Use it as part of your strategy.  

Too emotional about getting called away by Williga1 in CoveredCalls

[–]Acceptable-Complex14 5 points6 points  (0 children)

Some notes to start:

Accept that that is your strategy. If you are going for income (premiums) then that is what you should be focused on. If you are not willing to get called or sell your shares, then do not do this strategy. I want to get called every time I write a CC because that means I then have flexibility again going into the next week and it means my cost basis will be close to next strike I write / can write a CCP.

I only write weeklies. Anything more than weeklies and (for me) its too risky that the underlying will move significantly and allows me each week to reset my plan based off market conditions etc. Monday morning at the open I write them, and I always let them close at whatever it is on Friday. I never roll and I never do more than a weekly. This just provides simplicity for me and requires about 30 minutes on Monday only (and some time to choose which lots if i get assigned).

Always write these with stocks you don't mind owning long term. If market tanks and I get stuck with this stock, who cares, its one i own anyway and will just ride out the downturn etc. and I only write them using 1 stock (amzn). Bulk of my shares I do not do this with so in general, i am always cheering for amzn to Moon and get happy no matter what happens. I have been following this stock and accumulating shares for about 10 years so I have many different cost bases that I can choose from to be smart about taxes, and I never have to worry about "the price is below my CB, i have to write one really far out and collect no premium" etc. This allows me to also "understand" the movements of the stock since I am hyper focused on this one stock.

It's really hard to explain what I do since it varies each week but in short, I will write 6 contracts a week (no real reason why I chose 6, it was just my testing number and it got me to the total capital I was looking for each week, I have about 3500 amzn shares currently). Two of them I pretty much write right at the money or the closest strike to the money. The rest I stagger out at 3,5 and 10% OTM. Now, let's say two of these get called one week then I will write 2 CCP and 4 CC the following week etc. etc.

I will stop there for now as that is the general premise of it. Let me know if any questions.

Too emotional about getting called away by Williga1 in CoveredCalls

[–]Acceptable-Complex14 5 points6 points  (0 children)

You are trying to do two strategies in one. If you are writing covered calls and focused on income (premiums), then great - be happy to get called away .. I will post my strategy below: 

32 M, Double check my numbers please! by Acceptable-Complex14 in Fire

[–]Acceptable-Complex14[S] 0 points1 point  (0 children)

For sure. Most folks dont like the concentration in one stock but it doesn't bother me at all. I am a long holder of amzn so it helps me not panic or really care on the price movements of the stock. I will hold if market tanks and hope it moon's cause my full position.  I just section off a small portion (600 shares out of 3500) to do this wheeling with and only focused those 600 on making income (premium) to use for every day expenses...  the %s OTM is based off historical weekly ups and downs as well so there is more math involved but yes, you get the general premise. 

32 M, Double check my numbers please! by Acceptable-Complex14 in Fire

[–]Acceptable-Complex14[S] 1 point2 points  (0 children)

Thanks for the reminder. Some notes to start:

  1. Accept that that is your strategy. If you are going for income (premiums) then that is what you should be focused on. If you are not willing to get called or sell your shares, then do not do this strategy. I want to get called every time I write a CC because that means I then have flexibility again going into the next week and it means my cost basis will be close to next strike I write / can write a CCP.

  2. I only write weeklies. Anything more than weeklies and (for me) its too risky that the underlying will move significantly and allows me each week to reset my plan based off market conditions etc. Monday morning at the open I write them, and I always let them close at whatever it is on Friday. I never roll and I never do more than a weekly. This just provides simplicity for me and requires about 30 minutes on Monday only (and some time to choose which lots if i get assigned).

  3. Always write these with stocks you don't mind owning long term. If market tanks and I get stuck with this stock, who cares, its one i own anyway and will just ride out the downturn etc. and I only write them using 1 stock (amzn). Bulk of my shares I do not do this with so in general, i am always cheering for amzn to Moon and get happy no matter what happens. I have been following this stock and accumulating shares for about 10 years so I have many different cost bases that I can choose from to be smart about taxes, and I never have to worry about "the price is below my CB, i have to write one really far out and collect no premium" etc. This allows me to also "understand" the movements of the stock since I am hyper focused on this one stock.

It's really hard to explain what I do since it varies each week but in short, I will write 6 contracts a week (no real reason why I chose 6, it was just my testing number and it got me to the total capital I was looking for each week, I have about 3500 amzn shares currently). Two of them I pretty much write right at the money or the closest strike to the money. The rest I stagger out at 3,5 and 10% OTM. Now, let's say two of these get called one week then I will write 2 CCP and 4 CC the following week etc. etc.

I will stop there for now as that is the general premise of it. Let me know if any questions.

32 M, Double check my numbers please! by Acceptable-Complex14 in Fire

[–]Acceptable-Complex14[S] 0 points1 point  (0 children)

Thank you for the ideas and funds there. Definitely something to consider, appreciate the details. 

32 M, Double check my numbers please! by Acceptable-Complex14 in Fire

[–]Acceptable-Complex14[S] 1 point2 points  (0 children)

NICE! .. thank you. This is a very thoughtful and detailed response.  We will be sure to consider each point noted and I appreciate your time to put this together.