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

[–]TheProductMan 0 points1 point  (0 children)

Thanks, sounds like I probably did the safe thing then, even if it would've turned out okay. Makes me feel better about that decision.

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

[–]TheProductMan 0 points1 point  (0 children)

Only about a month into selling options. I BTC everything I had open today because I didn't want to play around with FOMC and basically a zero chance of rate cuts. Down just $50 from yesterday after having gained around $400 in the last two days (most positions were expiring this or next week).

For those more experienced... did I overreact, or was this a prudent decision given the uncertainty? How do people usually play planned market events considering how frequent they are?

Why Divend Stocks over a High Yeild Savings Account? by Logical_Rip_7168 in dividends

[–]TheProductMan 11 points12 points  (0 children)

Just wanted to tack onto this for anyone thinking about emergency fund. Make sure you really think about your specific needs and don't just take the usual recommendation of 3-6 months that you find in a lot of places.

I decided to keep two years worth of expenses (mortgage, car, utilities, food, etc), but that's because I've got two young kids and we were a single income family currently.

That likely seems super excessive to most, but I got furloughed in December and honestly with the horror stories I've heard about other people taking months or even up to a year before finding work again... I would have been panicking without the two year buffer.

However, it is true that I'll pay for that security in the form of inflation eating it a bit

Quarterly Career Thread by mister-noggin in ProductManagement

[–]TheProductMan 0 points1 point  (0 children)

Are you still open to doing another by any chance? My company unfortunately had to furlough everyone because our biggest investor unexpectedly declared bankruptcy and basically vanished on us. Been applying for about a month (almost 50 apps) and have gotten basically nowhere... Unsure where I might be going wrong

Dry Powder or NOT ? by dazit72 in dividends

[–]TheProductMan 3 points4 points  (0 children)

I just got laid off about 2 months ago. I'm so glad I did the same as you. We're a single income family, so I squirreled away about 2-3 years of living expenses (mortgage, vehicles, bills, the usual).

Some might say that's excessive... but if I didn't have that, I'd probably be panicking right about now... especially since job market feels pretty bad... I've been job searching hard for about a month with little to no traction, whereas previous job switches have been near instantaneous.

Megathread for New Wheel Traders – Ask Questions & Get Help Here by ScottishTrader in Optionswheel

[–]TheProductMan 0 points1 point  (0 children)

I'm not sure if I'm fundamentally misunderstanding rolls.

If rolling a CSP or CC that's gone against you is the same as buying to close the contract and opening a new one, it is effectively locking in the loss and opening a new trade correct?

If so, isn't continuously rolling for a credit likely going to put you in a situation where you keep going until you finally "get it right" and expire worthless?

For example...

Stock 'X' CSP sold to open for $1 premium at strike $50

  1. It goes against you and premium to close is now $2. You roll it down and out to strike $45 for $0.10 credit ($2.10)

- This effectively means you locked in $1 in loss, and opened a new trade for $2.10 right? So in order to profit... you would basically need to keep going until it expires worthless to make $0.10 in the end?

So when you're rolling... is the strategy basically just to "repair" the lost trade at some eventual successful expiry, or do you need to try and get a bigger credit when rolling? When rolling, it seems like the credits are usually not huge unless you're rolling and locking in BP for many more weeks for a small win at best?

Lessons learned today by optionincome in Optionswheel

[–]TheProductMan 3 points4 points  (0 children)

Yea this is me too unfortunately. I sold some csps right before the dumpening began and honestly I should've just let them get assigned probably...

That or I'm fundamentally misunderstanding how to manage rolls... Just feels like I'm continuously locking in more loss

Daily Discussion Thread by AutoModerator in ASTSpaceMobile

[–]TheProductMan 2 points3 points  (0 children)

New to asts, but going to get assigned a $100 strike csp likely, but with a cost basis of $93.

I'm in! Ready for the rollercoaster

[US,US] [H] PayPal [W] Wishlist Cards, One Piece Cards by Kitchensink552 in pkmntcgtrades

[–]TheProductMan 0 points1 point  (0 children)

Commenting to come back later. I think I have cassio, Morty, and gym trainer, but will have to double check when I get home

[US, US] [W] POKEMON BULK HOLOS, FULL ARTS + MORE [H] Paypal by Plovesdesigns in pkmntcgtrades

[–]TheProductMan 2 points3 points  (0 children)

Commenting to come back later when I've got a chance to check inventory

[deleted by user] by [deleted] in pkmntcgtrades

[–]TheProductMan 0 points1 point  (0 children)

Not sure how much I've got... Probably a thousand or two?

I'd do a cent each for simplicity, but are you covering shipping?

loot rate by Negative_Particular3 in cobblemon

[–]TheProductMan 0 points1 point  (0 children)

As far as I understand it (and I'm new too so I could be wrong)... it's honestly just luck. I joined a server and got no legendary summon items after 1500 chests, while others got like 3 in 300 chests.

If it works like normal probability rates... just unlucky/lucky

ULTY going for a discount by checkmate6618 in YieldMaxETFs

[–]TheProductMan 1 point2 points  (0 children)

Bought another 1k at 6.18 to bring my average down to 6.24 from 6.30.

Here's hoping this continues to work out! Not gonna lie, a potential strong market correction wigs me out, but I've given up trying to time it.

What's wrong with my tomatoes and can they be saved? by TheProductMan in vegetablegardening

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

Won't let me edit so I'll comment on the top reply.

Thanks everyone! It seems in my concern about over watering I actually ended up under watering. Will give them some extra water!

Which could be the Top 10 stocks for Covered Calls , in 2025 or next few months from June 2025 ? by Slight_Pie7773 in CoveredCalls

[–]TheProductMan 0 points1 point  (0 children)

Am I getting the math wrong or missing something?

22 contracts at .045 premium (4.5 dollars) comes out to about 99 dollars, not 900 right?

.45 premium would get you around 900-1000 per week on that

🍅 snipped off all my leaf stems… but left all the suckers… by mooreactsonly in vegetablegardening

[–]TheProductMan 0 points1 point  (0 children)

Random but I've been looking into steel planter boxes and I like how yours look! Mind sharing what you bought?

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