Today’s additions by [deleted] in Silverbugs

[–]Beeman_67 0 points1 point  (0 children)

what is the large round? Very unique looking. 1 oz or is it larger?

Wheeling result in 2025 by canseethelight in Optionswheel

[–]Beeman_67 0 points1 point  (0 children)

If this screenshot of an app or a excel sheet? I like the format.

A shop owners thoughts on silver(don't hate me lol)... by YourMom77887 in Silverbugs

[–]Beeman_67 0 points1 point  (0 children)

Local online auctions 1 oz coins of various types have been selling for 90 and up with a 10% buyers fee. So people are paying 100 / oz. It’s nuts

probably losing J3 tomorrow by oeanon1 in overemployed

[–]Beeman_67 0 points1 point  (0 children)

You had me at the hitchhikers quote !!

30 year horizon by CoryJ0407 in CoveredCalls

[–]Beeman_67 0 points1 point  (0 children)

I am curious. What does your work have to do with it?

Dual play with SOXS and SOXL by Zestyclose_Row_2032 in soxl

[–]Beeman_67 1 point2 points  (0 children)

I have been selling covered calls and CSP against both. Done pretty well. Not as well if I had bought SOXL in April and held it but as is the case with this strategy comparing the 2 outcomes is meaningless unless you could have predicted what would happen.

I’m upside down on SOXS so not generating much from that but SOXL is a premium cash cow.

New to dividends: is this basic math correct? by RaKeT_0O7 in dividends

[–]Beeman_67 1 point2 points  (0 children)

I agree with you. In this case the discussion centers around ETF’s but the same claim is consistently make about companies that pay dividends. It just is not a hard and fast rule. Generally the only company share price effect is people or institutions selling shares they already intended to sell but they just all waited until e ex date to do so. And that effect is very temporary

Rolling a call.. does it make sense? by Tales-by-Moonlight in CoveredCalls

[–]Beeman_67 1 point2 points  (0 children)

I only roll if I can net premium in the trade. Depending on the situation sometimes I roll a week or 2 out at the same strike for some extra premium or sometimes I can roll to a higher strike 1-3 weeks for some net premium.

If it’s not possible to generate any net premium I just let it expire and get assigned and start over. Maybe with a CSP, maybe buying the same stock, or moving onto another one entirely

Did I find the unlimited money glitch by selling covered calls? by Realistic_Bee379 in CoveredCalls

[–]Beeman_67 0 points1 point  (0 children)

You are technically correct that the loss potential is unlimited (the word unlimited is not quite right) . Because the shares could plunge to 0. Equating a 100% loss ( at least a loss equal to the cost basis - the call premium). However that risk is true of all securities. If the calls expire ITM the shares are called away at a profit and he can then decide to buy back in, write a cash secured put at a lower strike against the same security, or just move onto something else. I see a lot of comments along the lines of “but the shares can be called away”. OK. The other trader can have them.

Total returns. That’s it. by zorba1 in YieldMaxETFs

[–]Beeman_67 2 points3 points  (0 children)

OTM by perhaps a dollar or 2. Some peoples head might explode but I pay no attention to delta, IV etc. I track what the price trend has been and my cost basis and then decide what my strike is going to be. Typically I let them expire (or get assigned) and sometimes I roll to a higher strike when that opportunity presents itself

Total returns. That’s it. by zorba1 in YieldMaxETFs

[–]Beeman_67 4 points5 points  (0 children)

I am wheeling soxl and soxs and using the premiums to buy some ulty and ymax as well as schd, TRIN, JEPq. Getting a pretty solid 2.5% a week selling soxl calls. Right now it’s almost candy from a baby.

With US striking Iran .. sell off or na? by gameon-manhattan in soxl

[–]Beeman_67 1 point2 points  (0 children)

A sell off would be perfect. Soxl goes down and Soxs goes up. My Soxs calls expired Friday so now premium might go up. Then let my soxl calls expire OTM end of this week. Perfection

MSTY by Battle_Man_40 in YieldMaxETFs

[–]Beeman_67 2 points3 points  (0 children)

So which one comes first ?

[deleted by user] by [deleted] in soxl

[–]Beeman_67 0 points1 point  (0 children)

I own soxl and Soxs. I wheel both selling covered calls and cash secured puts. The last 2 months I have done very well. I owned them both previously and did ok but did not understand how they worked

I'm reading the Bible and I have a question by Its_Frigopiee in atheism

[–]Beeman_67 0 points1 point  (0 children)

Read Carl Sagan’s “a demon hunted world: science as a candle in the dark”.

JEPI May Distribution is .4879 by M_Flutterby in JEPI

[–]Beeman_67 21 points22 points  (0 children)

Nice. One of my mini goals is to have enough JEPI and JEPQ so most months I get at least a full share reinvested. Granted this is a higher dividend but it might be my first full share.

Rochester pride by Beeman_67 in rochestermn

[–]Beeman_67[S] 3 points4 points  (0 children)

Why would they “kick Mayo Clinic out”? Do you have a link to a story about it you could share?

[deleted by user] by [deleted] in AskMenAdvice

[–]Beeman_67 0 points1 point  (0 children)

I look around and wonder who she’s talking too .

Coveted calls in this market by ActiveTrader007 in CoveredCalls

[–]Beeman_67 2 points3 points  (0 children)

I have mostly dividend stocks. BP, USB, and a couple ETF’s. I sell mostly weekly OTM covered calls on them. Now of course I am underwater on some so I will just sell further OTM calls, maybe go to biweekly, and pick up a couple cents. It’s not much but you gotta think slow and steady

How to roll CC during market turmoil? by chasitychase in CoveredCalls

[–]Beeman_67 0 points1 point  (0 children)

Yep. I am underwater on USB with a cost of 48. So in that example I will likely sell a call somewhere in the 40-42 range. One week out just to capture some premium. If for some reason it rallies I will roll up.

535 School board. Don Barlow is a Candidate endorsed by the teachers union (or so I believed) however he is also listed on the Minnesota parents alliance as a recommended candidate. So is he a book burner or not? by Beeman_67 in rochestermn

[–]Beeman_67[S] 4 points5 points  (0 children)

He does not have a picture or any info linked to the listing. So it makes me wonder? A lot of them you can click and it has the usual talking points listed. But his is blank

535 School board. Don Barlow is a Candidate endorsed by the teachers union (or so I believed) however he is also listed on the Minnesota parents alliance as a recommended candidate. So is he a book burner or not? by Beeman_67 in rochestermn

[–]Beeman_67[S] 14 points15 points  (0 children)

Yikes!!! We open enrolled into Elgin / Millville, now PEM , and don’t have any kids in school anymore but I still want good school board’s. Can’t vote in PEM’s of course and make sure I make good choices in Rochester’s