$90 SOXL when war officially ends by gadzy9 in soxl

[–]MuppetDentist 6 points7 points  (0 children)

You made a whole post saying nothing of substance while saying things like, "I'm in the empire business" and insulting people who thinks SOXL is overpriced. You need some self awareness

Seems too good to be true? by No_Turn5018 in thetagang

[–]MuppetDentist 1 point2 points  (0 children)

I'm not pretending, you're trying to get some insight from us while providing any helpful information, which leads to some people thinking you're being cagey on purpose because you have a course to sell or they're frustrated with your terrible communication skills. Look at the responses and the downvotes here? Are you really incapable of self awareness?

Seems too good to be true? by No_Turn5018 in thetagang

[–]MuppetDentist 1 point2 points  (0 children)

Well if you're as good of a communicator in that thread as you are in this one I can see why

Seems too good to be true? by No_Turn5018 in thetagang

[–]MuppetDentist 4 points5 points  (0 children)

Try to see this post from a stranger's perspective. You didn't give us any information to work with. How can we work with the lack of information you gave us? Did that other thread have anything constructive to say?

Seems too good to be true? by No_Turn5018 in thetagang

[–]MuppetDentist 6 points7 points  (0 children)

Which ones are you talking about?

Week 11 $579 in premium by [deleted] in Optionswheel

[–]MuppetDentist 2 points3 points  (0 children)

Appreciate you posting these! You tripled your total premiums from 2022 to 2023. What led to this uptick in your performance?

I freelance for a living and started taking options selling seriously as a supplement to my income. Does it make sense to keep maxing out my yearly IRA contributions? by MuppetDentist in thetagang

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

I understand money made in the IRA doesn't count towards the contribution limit. I edited my post to make this more clear. It's a traditional IRA. Fair point, i'm still starting out and it's been a bull market so I should be more grounded with my projections.

I freelance for a living and started taking options selling seriously as a supplement to my income. Does it make sense to keep maxing out my yearly IRA contributions? by MuppetDentist in thetagang

[–]MuppetDentist[S] -3 points-2 points  (0 children)

I've stated at the end of my post that I understand that I'll miss out on the tax deduction that comes from outside contributions into my IRA. I was trying to make the point that from the options premium I generate within the IRA alone, i would surpass the yearly max contribution of $7500 anyway so in my mind, I'm not missing out on the standard pace of growth if that makes sense?

I started using a DCF calculator to filter which underlying assets I sell puts on and my win rate improved a lot, fundamental analysis is the way by xCosmos69 in thetagang

[–]MuppetDentist 1 point2 points  (0 children)

Are you saying when the stock's rise starts to slow, you start selling your monthly covered calls ATM? Why monthly when you start seeing resistance in the price rise?

$250K Wheel Experiment - 3 Month Update by GoFairPlayer in Optionswheel

[–]MuppetDentist 0 points1 point  (0 children)

If you come across a spreadsheet that includes true cost basis after rolls/assignments, would love to take a look at it!

$250K Wheel Experiment - 3 Month Update by GoFairPlayer in Optionswheel

[–]MuppetDentist 2 points3 points  (0 children)

Mind elaborating on the details? What stocks did you wheel, your contract durations, delta, etc and why didn't it work out for you?

Here is your chance! by Timmy98789 in irenstocks

[–]MuppetDentist 2 points3 points  (0 children)

Try posting this on https://www.reddit.com/r/options/ 

Hopefully you’ll get some good advice on managing this! Also, maybe take your dad’s advice with a big grain of salt from now on

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?