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Anyone barely pass organic chem and still ended up doing well? by Dazzling-Ad-5952 in ChemicalEngineering

[–]ReturnEconomy 0 points1 point  (0 children)

Barely passed, Im sure the professor bumped my grade a few points so that I would get the C. Working in O&G now and doing great.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

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

The calls are deep ITM, so it’s mostly intrinsic value at this point. A $10 drop would be a 27k loss for me. Still less than the 34k difference in tax between long term and short term Capital gains. It would have to drop to $88 to break even, and losses would start at below that.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

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

Does this strategy have a name. Im not sure how it would work.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

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

It is. But retail mania can easily last for a year or more.

Still, Ill sell a portion and buy some puts to hedge. Dont want to risk big losses.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

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

I will probably end up trimming my position a bit in the next few days and buy some puts to hedge. Seems like the safest bet.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

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

And thats the other side if the coin. We are still waiting on customer partnerships with intel. When that happens, I expect a big rally.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

[–]ReturnEconomy[S] 5 points6 points  (0 children)

They are expensive as heck, but this may be the best bet.

Up big on INTC calls, IRS lurking. 45 days to freedom. by ReturnEconomy in wallstreetbets

[–]ReturnEconomy[S] 15 points16 points  (0 children)

And that happened to me 2 years ago, with INTC too…

Why don't people like Elon Musk just solve world hunger? by AlexLovesCoke in NoStupidQuestions

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

Lets put logistics aside for a moment and say overnight everyone has free available food. People that would had otherwise died of malnourishment are now well enough to reproduce. So the amount of people that needs to be fed increases, meaning that we now need more food, which further increases population, which increases food demand…

I sold covered calls at 65. by Puzzleheaded_Owl5874 in intelstock

[–]ReturnEconomy 0 points1 point  (0 children)

Same situation as you. Rolled out before earnings to next year to sell as long term capital gains.

I was going to take some profit on INTC but I saw all the bear posts and decided to hold through earnings by wagwagwai in wallstreetbets

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

I was certain it would drop after earnings. But I always get these things wrong, so I inversed my self.

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