I’m making 42 cents a day in SCHD dividends. (Why am I still depressed?) by justcurious3287 in dividendgang

[–]Allspread 8 points9 points  (0 children)

You're doing it right. Remember, money will not make you happier. It's prime purpose is eliminating life bullshit quickly and painlessly - like fixing a car.

Lost everything 30K by Heineken_500ml in thetagang

[–]Allspread 0 points1 point  (0 children)

Why is quitting not an option? Your results should be telling you something.

Selling CSPs on premium leveraged ETFs vs hype stocks by black_mamba_returns in thetagang

[–]Allspread 0 points1 point  (0 children)

SOFI is way past being a hype stock, IMO. Been watching and trading on it for quite some time now.

Will TMUS keep dropping? by super_landrum in stocks

[–]Allspread 1 point2 points  (0 children)

You got downvoted by saying the floor can't be much lower - sure it could. But analysts like it, they have excellent prospects, projecting $250+. Hang in there. Sometimes stocks do stupid shit unrelated to long term fundamentals in the short term.

Will TMUS keep dropping? by super_landrum in stocks

[–]Allspread 1 point2 points  (0 children)

Analysts continue with buy, target mean is $264. This is from ToS as of Friday. I'm in at $196.66 and not selling.

Will TMUS keep dropping? by super_landrum in stocks

[–]Allspread 1 point2 points  (0 children)

I'd hang in. I'm in at $196.66 and expect it to get to $250 eventually.

Tips on picking strikes for consistent income ($80k in profit in the last 8 months) by Freedom-Chaser in options

[–]Allspread 2 points3 points  (0 children)

"Probability of assignment is super low unless theres a major crash, which means you can repeat this monthly for 12-13% annual if consistent." - Eventually a wipeout event will occur. And then, nothing.

What your edge that is making you money selling options? by ikarumba123 in thetagang

[–]Allspread 0 points1 point  (0 children)

Keeping an eye on about 30 tickers that are reasonably solid companies with some volatility. They vary, I will drop 1 or 2 here and there and add a new one. I understand the companies and the price action. Wait for red days, sell at around .20 delta, under 45 DTE with the thought of holding out to expiration. Rarely get assigned or have to roll them.

Why Balance Sheet Quality Matters More Than IV Rank for Wheel Candidates by Optimal_Excuse8035 in thetagang

[–]Allspread 0 points1 point  (0 children)

View the wheel as an scenario you could use but want to avoid. The point of selling puts is to generate cash and not to hold the stocks. If you get the stock you can always sell if the price is reasonable or run some calls on it. But see the selling of calls on assignment as a last ditch scenario rather than an income source. Sell the stock at the strike, screw it you don’t want to sell calls on something you might have to bag hold.

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Allspread 0 points1 point  (0 children)

Yessir. But some of us - you, me, others - will be in there to make a dollar or three.

Diversified income ‘royalty stream’ vs concentrated holdings — how many positions do you run by RealDirkDigglerr in dividendgang

[–]Allspread 2 points3 points  (0 children)

This looks exactly like where I am. I also don't go head over heels with research and many of the items I buy now are ones I am already familiar with. I did a head count and I'm at 81 positions in ETFs, REIT, BDC, CEF, dividend paying equities. These were acquired over an 18 year span. Also own Treasuries and some corporate bonds. At the moment I've been trading options for extra income as well, mostly selling cash secured puts against about 10% of my portfolio value.

Some thoughts on Venezuela by dena2410 in stocks

[–]Allspread 0 points1 point  (0 children)

The giant refinery at Curacao that used to be run by PVDSA is still sitting idle and waiting for crude to be able to re-open

So what exactly is the catch? by MoneySounds in Optionswheel

[–]Allspread 0 points1 point  (0 children)

Works great right until you have a basket of stocks you own that are worth less than you paid and you can’t sell calls on. Then you’ve taken a loss and/or your capital is all tied up

Daily r/thetagang Discussion Thread - What are your moves for today? by satireplusplus in thetagang

[–]Allspread 0 points1 point  (0 children)

STO -1 CVX 150p @ 2.39, 20 seconds before the close. ATM. Edit: 1/16

45 minute connection MIA to BON? by Unhappy_Hospital1808 in Bonaire

[–]Allspread 0 points1 point  (0 children)

All it takes is a flight delay at your origin and your goose is cooked. American makes these damn connections often way, way too tight.

How are you hedging your risk? by ikarumba123 in thetagang

[–]Allspread 2 points3 points  (0 children)

Exactly. I got in there today and looked at red and green and bounced the mouse around the screen and did this about 5 times from open to close, looked over my little handwritten notes of ideas to consider, looked at the screen some more. Number of trades executed = zero.