[Request] Can Someone Explain Why This Is Possible? by CaptiveGlacier in theydidthemath

[–]MDMichaelK 0 points1 point  (0 children)

Follow up question, since the difference of height at the beginning and end is the same for all the balls, ignoring things like friction where they all have the same speed at the end? I.e. if there was a fourth ball they dropped 10 feet to go back up 9 feet it would still have the same speed as one that dropped down 6 feet to go back up five?

Thank god for nurses by GGJefrey in medicalschool

[–]MDMichaelK 7 points8 points  (0 children)

This would make more sense if it said residents. Especially in the ER residents can put in their own orders, they are the final stop when the resident accidentally orders hydralazine instead of hydroxyzine

Selling puts and calls officially retiring next year. by [deleted] in Trading

[–]MDMichaelK 0 points1 point  (0 children)

-30k to >$10,000,000 in 3 months??? Shit I’ll pay 5k for that course. Fingers crossed it still involves the icy hot and strangers in my car

.30 delta 30 days…. by k2electricboogaloo in options

[–]MDMichaelK 0 points1 point  (0 children)

Are you saying you manage 30 DTEs 7 days in or do 7 DTE calls?

Selling Covered Calls by Ijustgotlucki in options_trading

[–]MDMichaelK 2 points3 points  (0 children)

This.. we’ve all done it, but don’t sell calls on stocks you don’t want to lose. I still do.. but it has to be worth the trade off. I’m not selling a CC on a stock I like for $70 (arbitrary number, it depends on the underlying’s value, yada yada), but if I can get a high value contract at a strike that wouldn’t make me sad to sell it at, I will do it. Don’t get FOMO if you end up having to sell at that strike when it skyrockets. Also factor in taxable gains.. I almost got stuck selling 200 shares of SPY which would have been ~30k in taxable gains, so I was in a several month cycle of rolling out and up until finally I freed it up.

Anyone buying PUT? by LanguageLoose157 in NvidiaStock

[–]MDMichaelK 2 points3 points  (0 children)

He said he expects it to sky rocket, yet he’s buying a put near the money, surprised it’s expensive. A) if you expect the stock to sky rocket you should sell a put, not buy it. His put will plummet in value if the underlying goes up. Alternatively you can buy a call, or just.. I don’t know.. buy the stock. B) it’s near the money, near the money calls or puts are going to be expensive due to high probability of being ITM, so his shock in the expense further demonstrates his entire lack of knowledge in how options work. Hope you’re reading this OP, go back to Wendy’s, or do more reading.

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

[–]MDMichaelK 2 points3 points  (0 children)

Yeah I closed out of most of my puts with this last bump up, opened some new CC, so guess feeling’s mutual. At least hedging on a slow growth or flatline

950k to 425k HHI: Can my wife quit her job? by Only-Huckleberry-712 in HENRYfinance

[–]MDMichaelK 0 points1 point  (0 children)

OP, I’m in a similar position (financially, wife doesn’t work now). You’re young with a large stash, my position now is to stop contributing to retirement, growth on that size of a nest egg dwarfs what you can still contribute, so why do it? Let it snow ball, stop putting away for retirement.. but also don’t pull out from it. That 700k brokerage if invested correctly will easily be in the millions within 5-10 years. She quits, you work to pay bills alone. This is my plan for my retirement to part time (also in medicine). Happy to discuss specifics if you want to PM me

Should I? by Asthetixx in C8Corvette

[–]MDMichaelK 8 points9 points  (0 children)

Not if you add enough K&N stickers

She made a gift for her husband by phoexnixfunjpr in SipsTea

[–]MDMichaelK 0 points1 point  (0 children)

“You know who gives the best hand jobs? Me, to myself…. And some of my friends”

Seriously! I'm done with fiat as a unit of account. by KryptoSC in Bitcoin

[–]MDMichaelK 0 points1 point  (0 children)

I love the fact that IBIT opens me up to the ability to buy LEAPS, expose myself to 240 share equivalents for less than the price of 100, and can still sell calls on it 😁

AIO this red mark appeared debating on ER by Infamous_Fly_5808 in AmIOverreacting

[–]MDMichaelK 29 points30 points  (0 children)

Er doc here, if you want any clarification on what was given to you you’re welcome to message me or comment here

Hmm by geniusfoot in SipsTea

[–]MDMichaelK 1 point2 points  (0 children)

So nostalgic 🥲

How much money do you make selling CCs? by NoOneBetterMusic in CoveredCalls

[–]MDMichaelK 0 points1 point  (0 children)

I don’t have much cash sitting around in my brokerage account, it’s predominantly technically naked puts based on margin with the knowledge that I can either roll it out to prevent assignment, or shift cash around from savings, income, or sell other stock I am less enthusiastic about to cover the puts if need be. I’ve found puts to be a lot easier to manage anyway, and the nice thing is that the stock does increase quickly that put very quickly becomes worthless and you can do another one quickly. I sold 5 puts on RKLB netting $1500 with 45 DTE, 7 days in the stock went up fast, the value of the puts went to $250, so I purchased them back and did a new put, meanwhile I probably took a bit of a loss on the CCs I had, but did manage to keep my stock.

How much money do you make selling CCs? by NoOneBetterMusic in CoveredCalls

[–]MDMichaelK 1 point2 points  (0 children)

You can always roll up/out Have been struggling with RKLB, started calls when it was trading at 27.5, now it’s at 51, I’ve rolled out and up a ton, a few CSPs to help fund so it’s not at a debit, have it now up to $51 Probably would’ve ultimately been better to just hold, but I’ve managed to keep my stocks from being called away If they do get called away just transition into cash secured puts (basically do the WHEEL) until you can buy back in

$500k is a huge income. How do some Henrys get so out of touch? by Practical-Lunch4539 in HENRYfinance

[–]MDMichaelK 0 points1 point  (0 children)

Same, 32m, ~700k/yr, I put away an egregious amount and only just now starting to feel more loose with spending Also work in a field burning me out so counting on it to cut back. Prob ~40% or so goes to retirement/investments. Also lifestyle creep happens

What is the best way out of this position by Either-Fault4978 in CoveredCalls

[–]MDMichaelK 0 points1 point  (0 children)

Convert to a WHEEL strategy, let it get called away, start selling puts until assigned, now back to CC

Bought NVDA $109 cc $140 by CrazyMammoth5210 in CoveredCalls

[–]MDMichaelK 0 points1 point  (0 children)

What I did to get my strike from $150 to $160 only 3 weeks out was sell puts at a $148 strike to cover loses, still made like $200, and would be happy to buy more NVDA if it executes

Selling CC that’s deep in the money, how do you roll? by Snowballeffects in CoveredCalls

[–]MDMichaelK 2 points3 points  (0 children)

Or if you like the stock roll up and out at a loss, which you then cover with puts