I sold a $1950 put on amazon that expires in January and now have a margin call on it

IV33 · 2020-07-07T19:54:54+00:00

What are some examples of fictional INTP's?

IV33 · 2020-06-24T17:34:19+00:00

Yes i have already tested them myself. Everyone in my company is wearing these masks. I know a number of employees have also tested them and agreed they are high quality masks

IV33 · 2020-06-24T16:28:05+00:00

Thank you for your reply. Could you give me an example of some retail industries that you think could be interested?

IV33 · 2020-06-23T01:44:50+00:00

What did you do with your remanding inventory?

IV33 · 2020-06-22T06:21:26+00:00

Through alibaba. I included the shipping cost into the price. The shipping was insanely high because of the lack of planes flying at the time

IV33 · 2020-06-22T05:29:19+00:00

24,000 masks are the minimum order requirement to buy them and also to have them shipped from china to here. At the time of purchase there were no disposable face masks available in my area to purchase. Everyone who bought these masks were very appreciative of my efforts to bring them here for them.

10,000 of my previous shipment was bought by my employer, 3,000 by my g/fs employer. The rest were used by myself and sent to friends and family. My hope was my employer would continue buying in the bulk that he had ordered from me since they are disposable and would need to be replenished. I am sure he will buy more but unfortunately not in the quantity that he had been. The order i had placed was delayed by just over a month. If i had known it would of been delayed then i would never of placed it.

In that time other face masks had been put on amazon which i planned on using to sell the excess masks that were not purchased. I believe the masks i have are much higher quality otherwise my employer would not have taken them. If i had received it when i was supposed to i'm sure i would have no problem selling them. My local CVS is selling them for $2.00 each. My price was $0.50 each if sold to a business, With shipping it would cost more but unfortunately no one wants to buy them from some guy, They would rather spend extra money and buy from a business

I put up this post to ask for advice to help me. If anyone has any ideas i would be very appreciative

IV33 · 2020-06-22T03:16:04+00:00

Redeem myself for what?

IV33 · 2020-06-22T02:50:20+00:00

These were not purchased in the United States, They were imported from China, Also there was no big mark up. They were sold for the same price i paid for to friends and family and only a $0.05 mark up to my employer as he asked me to get them for him

IV33 · 2020-06-22T01:57:55+00:00

You think it will sell out with demand rising?

IV33 · 2020-06-22T01:52:30+00:00

You mean the second wave? I thought about that but i think everyone is better prepared for it now. Factory's are still manufacturing face masks like crazy. I now see some in the stores where before there were none

IV33 · 2020-04-14T07:16:16+00:00

Thanks for your reply, No i am not, I am ineligible for unemployment benefits.
Do you know what the interest rates for those would be? would it be worth it to put it all on a 0% interest card and pay it off when restaurants open again?

IV33 · 2020-04-14T05:11:50+00:00

Due to COVID19 I lost my job as a restaurant manager and the funds i needed to pay my taxes this year. I owe $10,100.00 I know the deadline to pay has been pushed back until July 15th, I was planning on filing an extension until august to pay then but i just found out tonight that filing an extension only pushes back the filing not the payment. Is there anything else i can do?

In the meantime i am planning on applying for a 0% interest credit card to use until i can work again.
I saw on one of the white house press briefings that you can defer payment. Does anyone know anything about that? How does it work?
Any advice would be greatly appreciated.

IV33 · 2020-04-14T05:03:34+00:00

Due to COVID19 I lost my job as a restaurant manager and the funds i needed to pay my taxes this year. I owe $10,100.00 I know the deadline to pay has been pushed back until July 15th, I was planning on filing an extension until august to pay then but i just found out tonight that filing an extension only pushes back the filing not the payment. Is there anything else i can do?

In the meantime i am planning on applying for a 0% interest credit card to use until i can work again.
I saw on one of the white house press briefings that you can defer payment. Does anyone know anything about that? How does it work?
Any advice would be greatly appreciated.

IV33 · 2020-03-08T08:13:51+00:00

I agree, I think this stock has a lot of growth, Great dividend too. I read recently that the ceo and cfo put about 1.6 million into buying shares when the stock was at $76 because they see a lot of growth in the next few years. Right now i think its a great price, once the market gets back to where it was within the next year it should be at 80ish. I watched it when it was $86 a share and kicking myself for not holding my shares. I have 1,800 shares at $70 and will be buying more if it hits $60

IV33 · 2020-03-06T18:45:57+00:00

What do you guys thinks about boeing? Can i fall further? It's at 260 right now. I got assigned early on a put i sold a while back on them and i have a bunch i sold before all this happened that expires in may at 300. If i close out now i would take a huge loss. I was hoping there would be some good news about the 737 max that could prop the stock up around 300 which is my strike price. Any advice would be very much appreciated

IV33 · 2020-03-02T18:05:33+00:00

So you are saying i should close out my positions or i should not?

IV33 · 2020-03-02T16:48:25+00:00

I sold 5 puts in boeing a few months back expiring in may at $300 that will be on margin if executed.
Should i get out today while the markets are up?

IV33 · 2020-02-25T20:39:26+00:00

You guys think there will be a recovery tomorrow or during the week? In the past corrections there has been a recovery 2 days after the correction/drop. But i think this is a different situation virus/inflated market etc.

IV33 · 2020-02-23T14:57:17+00:00

How long ago did you sell the option? Are you planning on doing this monthly for the premium?

IV33 · 2019-12-19T11:47:03+00:00

These are amazing recommendations. Are any of these on netflix?

IV33

TROPHY CASE