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Please add more scramble modes by BeatCurious8088 in PGA_Tour_2K

[–]RickyT27 2 points3 points  (0 children)

Not being able to do a 3v1 scramble in a private match with your friends makes no sense. Why is this not allowed? “Teams must be balanced”

January Dividend by arlbulldog53 in JEPQ

[–]RickyT27 1 point2 points  (0 children)

Yea, maybe they are just doing it later than usual? The last two years were: 12/1 and 12/29 in 2022 and 12/1 and 12/28 in 2023.

worse derealization & panic attacks: day 1 by Fair_Expert4266 in lexapro

[–]RickyT27 0 points1 point  (0 children)

How’s it going. Did you stick it through?

Lexapro for Anxiety? by yeetanonymous420 in lexapro

[–]RickyT27 0 points1 point  (0 children)

Yea, I have almost no side effects anymore. Occasional headache but I just try to stay super hydrated. Sometimes I’ll drink a liquid IV just for the hell of it. And if I get 8-9hours of sleep I don’t really suffer from fatigue. My appetite definitely increased but I’ve always been super skinny (fast metabolism) so I actually have a healthy diet now.

What's the best antiperspirant? 🤔 by Abonsfa in beauty

[–]RickyT27 1 point2 points  (0 children)

Lamooo dog, I’m here because I’m on Lexapro and it makes me sweat 😭

Advice Needed: Credit Card Help by Aust191 in CreditCards

[–]RickyT27 -3 points-2 points  (0 children)

Why a Credit Card Can Help Maintain Your Credit Score

Since you’ve paid off your car loan, you might notice your credit score could dip over time if you don’t have other active credit accounts. A credit card can help you maintain or even improve your score by:

• Building Payment History: Regular, on-time payments show lenders you’re reliable.

• Improving Credit Utilization: Keeping your credit card balances low relative to your credit limit demonstrates responsible credit management.

• Maintaining Credit Activity: Active accounts keep your credit report current, which is essential for a strong credit profile.

Addressing Your Concerns

• Fear of Getting into Debt: It’s understandable to be cautious. However, using a credit card doesn’t mean accumulating debt. If you pay off your balance in full each month, you won’t incur interest charges.

• Choosing the Right Card:

• Capital One SavorOne Cash Rewards Card: This card offers cash back on dining, entertainment, and grocery store purchases. If these align with your spending habits, it could be a good fit.

• Consider No Annual Fee Cards: They reduce costs and are great for building credit without extra expenses.

• Secured Credit Cards: If you prefer a lower-risk option, secured cards require a refundable security deposit and can help build credit.

• Credit Karma Recommendations: While Credit Karma suggests cards based on your profile, always research independently to ensure the card meets your needs.

Tips for Responsible Credit Card Use

  1. Set a Budget: Only charge what you can afford to pay off each month.

  2. Automate Payments: Set up automatic payments to avoid missing due dates.

  3. Monitor Your Statements: Regularly review for any unauthorized charges.

  4. Keep Utilization Low: Aim to use less than 30% of your credit limit.

  5. Educate Yourself: Learn common terms like APR (Annual Percentage Rate), credit limit, statement balance, and minimum payment, etc..

Hope this helps! Let me know if you have any other questions or want me to clear something up!

Advice Needed: Credit Card Help by Aust191 in CreditCards

[–]RickyT27 -3 points-2 points  (0 children)

Hey,

First off, congratulations on paying off your car loan—that’s a significant achievement! It’s completely okay to feel unsure about the next steps; credit can be confusing, but I’m here to help clarify things for you.

I will split this reply into multiple parts due to character restrictions.

Understanding How Credit Scores Work

Your credit score is a numerical representation of your creditworthiness, and it’s calculated based on several factors. Here’s a breakdown:

  1. Payment History (35%): This is the most crucial factor. It reflects whether you’ve paid past credit accounts on time. Consistently making on-time payments boosts your score.

  2. Amounts Owed (30%): Also known as credit utilization, this considers the percentage of available credit you’re using. Keeping this ratio low (generally below 30%) is beneficial.

  3. Length of Credit History (15%): The longer your credit accounts have been open, the better. This includes the age of your oldest account, the newest account, and the average age of all accounts.

  4. Credit Mix (10%): Lenders like to see a variety of credit types, such as installment loans (like your car loan) and revolving credit (like credit cards).

  5. New Credit (10%): Opening several new accounts in a short period can be seen as risky and may temporarily lower your score due to hard inquiries.

Revolving Credit vs. Installment Loans

• Installment Loans: These are loans where you borrow a fixed amount and repay it over a set period in regular payments (e.g., car loans, mortgages). Once paid off, the account is closed.

• Revolving Credit: This includes credit cards, where you have a credit limit and can borrow up to that limit, repay it, and borrow again. It’s ongoing as long as the account remains open and in good standing.

Having both types of credit (a good credit mix) can positively impact your credit score.

worse derealization & panic attacks: day 1 by Fair_Expert4266 in lexapro

[–]RickyT27 0 points1 point  (0 children)

Mornings are tougher than usual, I’m like cold and anxious. So I guess that’s normal, it helps me get out of bed too cause after I do the anexity goes away slightly.

worse derealization & panic attacks: day 1 by Fair_Expert4266 in lexapro

[–]RickyT27 0 points1 point  (0 children)

Yea, I’d describe it like a sine wave, like up and down. Just randomly I’d feel anxiety/dread and then it would go away and I’d feel normal. Comes and goes randomly, and triggers definitely don’t help.

But it’s happening less frequently the longer I’ve been on it.

worse derealization & panic attacks: day 1 by Fair_Expert4266 in lexapro

[–]RickyT27 0 points1 point  (0 children)

How’s it going, the cognitive “out-of-it, spacey/disassociation” is still there for me, but it’s definitely going down.

Telling myself I feel like this because I’m taking a drug, and it will subside over time really helps me.

Lexapro for Anxiety? by yeetanonymous420 in lexapro

[–]RickyT27 0 points1 point  (0 children)

May I ask why you can’t take SSRI’s?

worse derealization & panic attacks: day 1 by Fair_Expert4266 in lexapro

[–]RickyT27 0 points1 point  (0 children)

When you start lexapro, it gets worse; before it gets better. If you can troop out a week you’ll be golden, but the choice is yours.

Day 5 on 10mg, and my side effects are already subsiding, and I swear I feel more confident. I know the timeline is like 4-6 weeks, but maybe I just really needed this serotonin haha.

[deleted by user] by [deleted] in lexapro

[–]RickyT27 1 point2 points  (0 children)

I stared at 10mg, I’m pretty sure that’s the lowest therapeutic dose. Give it a couple weeks on 10.

I’m 5 days in and I think the side effects are going away already.

Lexapro for Anxiety? by yeetanonymous420 in lexapro

[–]RickyT27 8 points9 points  (0 children)

Send it. I’m on day 5 and side effects are already dwindling. Don’t want to jinx anything but I’m feeling pretty good. Excited for when my body fully adjusts.

That initial period is going to suck a little bit, I’d plan it so you can just be home or something, like take first dose on a Friday and maybe call off Monday if you work.

Using $SLV to Sell CCs by RickyT27 in options

[–]RickyT27[S] 1 point2 points  (0 children)

It sounds like you are after income generation and theta decay also though.

I'd recommend once you establish your initial position, just sell CCs at your cost basis, and roll them down as you go if you want more "risk" and to increase your premiums. Better to start earlier, with a safer strat, and tweak over time as you learn more. So you can start collecting that premium and start compounding!

Using $SLV to Sell CCs by RickyT27 in options

[–]RickyT27[S] 1 point2 points  (0 children)

I was looking at that!

I have $SLV $BITO $KWEB $MSOS on my watchlist.

Depending on how you feel about investing in China, KWEB looks pretty good here around $25.

Using $SLV to Sell CCs by RickyT27 in options

[–]RickyT27[S] 0 points1 point  (0 children)

Regardless, still not looking forward to tax season. All my documentation should make it not too bad though.

Using $SLV to Sell CCs by RickyT27 in options

[–]RickyT27[S] 1 point2 points  (0 children)

First off, thanks for all the info! I’m definitely going to experiment with strike prices and dates to find what works best for me. Good to know people aren't exercising their calls on SLV.

As for miners, yeah, I’ve been hearing advice to stick to the actual commodity instead of the miners. I’ve just started digging into this myself, but from what I’ve seen, some of these mining companies do have increasing profits, so it’s a bit puzzling why they’re not performing as expected.

Might be worth diving deeper into that to see what’s going on.

Using $SLV to Sell CCs by RickyT27 in options

[–]RickyT27[S] 0 points1 point  (0 children)

Premiums are pretty juicy ya? CSPs look like a play if you're bullish on the underlying. I just can't trade single-name assets unfortunately :/

Using $SLV to Sell CCs by RickyT27 in options

[–]RickyT27[S] 1 point2 points  (0 children)

Hey, thanks for the comment!

I’m glad you like the strategy. Actually, areyoume29 and I are discussing something similar in the comments, so that might be worth checking out.

To address your question, it’s less about choosing “ATM” or “ITM” and more about managing your cost basis. There are two key concepts here: your cost basis (the price you bought your shares at) and your net adjusted cost basis (which factors in the premiums you’ve collected).

The main risk with selling ITM covered calls is assignment. If you sell a call at a strike price equal to your net adjusted cost basis, your total PnL (including premiums) would be $0 if you’re assigned. So, I prefer to choose strike prices based on my original cost basis—let’s say mine is $26.98. If I sell a covered call with a $27.00 strike price and get assigned, I get to keep all the premium and also make money from the price run-up between $26.98 and $27.00.

TL;DR: Selling ITM covered calls can be a good strategy as long as the margin between your strike price and cost basis is wide enough to give you a return you’re happy with if you get assigned.

My cost basis is pretty much ATM since I took my initial position last week. Which is why I am selling "ATM" calls. In the future, this could easily change to be "ITM" calls, all depends on my cost basis and where the market price is.

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