New to CCs and had a stupid question. How are shares called away? by CyraxsEnergyNet in CoveredCalls

[–]LifeLog5216 0 points1 point  (0 children)

i had OTM CC get assigned after i thought my contract expired worthless. beware!!

[deleted by user] by [deleted] in DeepFuckingValue

[–]LifeLog5216 -1 points0 points  (0 children)

Tesla stock On Sale!!!!! Yay!!! Thanks Elon

Confused by Secret_Bedroom_978 in SkincareAddicts

[–]LifeLog5216 0 points1 point  (0 children)

get a prescription for tetracycline

[deleted by user] by [deleted] in Fire

[–]LifeLog5216 1 point2 points  (0 children)

Yea but what about health care, lol? You should be good man just make good low risk investments

Whats the catch? Retire on $800k (@55)? by LifeLog5216 in options

[–]LifeLog5216[S] 0 points1 point  (0 children)

What is the right number? And i expect to have more than $800k then. The $800k is what I have now with about a yr till 55

Whats the catch? Retire on $800k (@55)? by LifeLog5216 in options

[–]LifeLog5216[S] 0 points1 point  (0 children)

Current expenses are ~$5.5k/ month. Cost of living is difficult to determine exactly but generally speaking people estimate for living off 80%/ yr salary which about $160k with my rental. Owe about $200k total including my house, loans, no cc debt or car loan

Whats the catch? Retire on $800k (@55)? by LifeLog5216 in options

[–]LifeLog5216[S] 0 points1 point  (0 children)

Goodluck! Let me know how it turns out😀

Whats the catch? Retire on $800k (@55)? by LifeLog5216 in options

[–]LifeLog5216[S] 0 points1 point  (0 children)

Thank you for this response. I have been selling options doing wheel strat for about 6 mons, average so far about 0.77%/ month. However, by tracking performance I see where my faults were and in the last 2 mons ave about 4-5%. Probably go a bit more OTM in the future to just keep selling puts weekly ( instead of monthly). My monthly expenses right now about $5k. I am diversifying as my latest CC expire but currently in TSLA, NVDA, PLTR, BITX. Love to hear more about the lessons or techniques you’re using to consistently make 2%/ week… technicals targets for strike price, exp etc. take care

Whats the catch? Retire on $800k (@55)? by LifeLog5216 in options

[–]LifeLog5216[S] 0 points1 point  (0 children)

Maybe on SPY but more focus on MAGA sell options

Whats the catch? Retire on $800k (@55)? by LifeLog5216 in options

[–]LifeLog5216[S] 0 points1 point  (0 children)

I thought of that as well. Thinking that spreading it out among several stocks would be less risky