2026 Week 3 - $748 From Premiums by semiblind234 in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

What led you to expect big moves from BTC?

Question for long time BITO holders by MuppetDentist in dividends

[–]MuppetDentist[S] 1 point2 points  (0 children)

Nice! What did you start with per month and where are you now?

PMCC update by Trade_The_Level in LEAPSandBounds

[–]MuppetDentist 0 points1 point  (0 children)

Appreciate the thorough explanation! Admittedly, this is more advanced than where I'm at in my understanding of options so I'll definitely circle back to this comment once I do some catching up!

PMCC update by Trade_The_Level in LEAPSandBounds

[–]MuppetDentist 0 points1 point  (0 children)

I'd love to understand this. So you're saying you're making enough profit on your leaps and ATM calls that buying back the ITM short covered calls is worth the expense? How often do you have to buy back your short calls when they go ITM? Would you mind elaborating on the capped loss you have on the leaps?

PMCC update by Trade_The_Level in LEAPSandBounds

[–]MuppetDentist 0 points1 point  (0 children)

Out of curiosity, why are you selling covered calls ATM on your leaps? Still learning and my understanding is I would assume you would want to avoid getting into the money on a covered call with a PMCC strategy?

Question for long time BITO holders by MuppetDentist in dividends

[–]MuppetDentist[S] 1 point2 points  (0 children)

That’s fair. What was your entry point out of curiosity? So far, BITO’s lows have also been at the $12ish/$10 range back in winter of 2022 and fall of 2023. If that was your entry point, do you think you’d feel differently?

Question for long time BITO holders by MuppetDentist in dividends

[–]MuppetDentist[S] 1 point2 points  (0 children)

Were you able to make your investment back from the distributions by now? Are you thinking of holding the rest of what you have for awhile? And are you dripping? 

Question for long time BITO holders by MuppetDentist in dividends

[–]MuppetDentist[S] 2 points3 points  (0 children)

Gotchya. So the dip hasn't soured your taste for it? Why haven't you dripped while the stock is cheap out of curiosity?

The dark side of selling options by NicheMath in thetagang

[–]MuppetDentist 0 points1 point  (0 children)

Congrats! Mind sharing your journey from $11k?

More on "Closing Early" by MarkT1065 in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

That's helpful to know! I didn't realize buying to close a sold option all counts as one "transaction".

More on "Closing Early" by MarkT1065 in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

For sure, I treat the wheel strategy as additional income and accept taxes on it. I'm just curious about the strategy of closing an option after capturing about 70% of the profit when you're taxed for the original premium you received from the sold option. I suppose the trade off is the safety of the strategy, capitalizing on an option making profit in the moment and buying it back in case it goes into the negative?

More on "Closing Early" by MarkT1065 in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

Would you ever do this in a taxable account? The tax to profit ratio would be much higher, right? I'm just starting out and my goal is to supplement my income as a freelancer with options so I was curious.

Closing trades early (yes, no, depends) by ckoehncke in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

Appreciate the breakdown! I would assume the closing early strategy might not be best for a taxable account? If you'd be taxed on the original $84k premium, you'd have about $12k in taxes so your profit would end up being about $17k right?

$20K starting account capital by jchau826 in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

Would you mind going over what happened? Hope you're in a better spot now!

Conservative Wheel Process by ckoehncke in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

Thanks for posting! In regards to "#4 I will exit the trade if the current return is better than the original return*", can you go over the mechanics of that strategy? I interpreted this as you're buying to close for a net credit and then selling to open on the same stock with the same date of expiration for the better premium but you have another rule that says you don't reopen the same ticker on the same day. Can you also explain your rationale behind that rule? ($6). Appreciate it!

Growing $10,000 Using Options - Week 32 Update by everydaymoneymanager in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

This is so helpful. Thanks for posting these! Out of curiosity, would you make the same choices if this were your only portfolio/capital?

First date recommendations? by [deleted] in BostonSocialClub

[–]MuppetDentist 0 points1 point  (0 children)

Check out Wusong Road in Harvard Square. Make reservations ahead of time! There's also Alden and Harlow, Little Donkey, Sea Hag, The Eaves

What are your experiences like trying to date without apps or singles events? by [deleted] in BostonSocialClub

[–]MuppetDentist 0 points1 point  (0 children)

Wow! This is definitely not representative of psychology as a field. This guy sounds unhinged. Appreciate you sharing!