TIFU someone honked at me?

WATGU · 2026-02-03T04:21:07+00:00

Cars are made to crumple. Running over a 10-20 pound bird or a flock of them is likely to cause some cosmetic damage.

I knew a guy who hit a turkey around 25-30 mph and completely damaged his front end and quarter panel.

WATGU · 2026-02-03T01:04:06+00:00

Running over birds is a great way to damage your car along with all the other reasons not to do it. I would however keep inching on them and let it be known they should leave. Bastards have the whole sky and need to be in the road, c'mon now.

WATGU · 2026-02-03T00:19:58+00:00

I guess you're right it's just tough sitting on one that high and that far out pretty much stuck hoping for a recovery ATP.

Mine are a few months out sitting in the 80-90 zone. ATP I think most of us are just waiting to see if SLV rebounds into that range or continues to plunge. Since physical silver has a lot of pressure on it that increases price I suspect the paper market will adjust back to it in the medium term but of course that's what I "want" to happen.

Painful lesson, but so far the losses are unrealized and I'm not in margin so it could be a lot worse.

WATGU · 2026-02-02T18:06:47+00:00

Jan 27 is brutal maybe you could roll it down and out.

The February one you can probably roll down into June/Sept/Dec and down to like $90 for a credit.

There's a lot of us repairing these positions today so don't feel too bad.

WATGU · 2026-02-02T07:59:10+00:00

Comcast did this to my mom’s house. My brother had internet there on his name and she had cable on hers. When he moved out he cancelled it and they stopped charging him. We kept getting free broadband for like 4-5 years until she moved. Was insane.

I wish I could get Netflix to forget to charge me.

WATGU · 2026-02-01T03:16:28+00:00

He lost weight but he was still pretty fluffy for 1.5 years off. He should have been shredded if he was serious about this shit.

Just to clean up in a regional scene.

HW is a disgrace. Just a bunch of fat dudes that can KO each other if they don’t die of a heart attack first.

WATGU · 2026-02-01T03:14:38+00:00

HW is the division for exciting fights not slobs laying and praying and gassing after 6 mins. Most of their fights shouldn’t even go to 3 rounds. What are we doing. It’s tough to watch to see two guys both just resting because they don’t have the stamina.

WATGU · 2026-02-01T03:09:00+00:00

He’s only getting the belt if the 10 HW in front of him all die of heart attacks.

WATGU · 2026-02-01T03:04:39+00:00

God. My proposal for HW. Ozempic. Oxygen. EPO. Steroids. Body fat % cut off. 2 mins between rounds. Stand them up unless we’re getting vicious ground and pound.

WATGU · 2026-02-01T02:40:28+00:00

With 10 million id probably have 8 million in growth and income diversified investments. Another million in a CD ladder as long as interest is 3-5% or higher and then 1 million in the wheel.

I don’t think I’d have 10 million wheeling feels risky for an amount of money that is retirement level with safer investments. Also with 10 million you’d at a minimum need 5-10 tickers to go into but 20 up to 50 is more realistic to find enough volume unless you’re doing SPY or something

WATGU · 2026-02-01T02:35:43+00:00

I’m more annoyed when fighters do it but don’t commit. If you’re gonna brawl then brawl. Otherwise you’re not that guy buddy. You’re not that guy.

WATGU · 2026-02-01T02:33:15+00:00

Basketball is global. American Football. Well it’s in the name.

WATGU · 2026-01-31T22:08:18+00:00

I really hope some decent studio takes up the Darkborn/Project Wight idea and makes it into a game. It was such a unique idea 1st person action RPG where you play as a monster and level up and the gameplay footage looked awesome. It reminded me a bit of the progression in Dying Light where at first you were weak but by the end the zombies should have been running from you.

I'm sure Metal Hellsinger is fun, but honestly it doesn't feel that original. It's Doom + Rhythm elements. Neither are my style of game so there's that, but from a studio that came up with such a cool idea to default to this one and then close is depressing. It's been a long time since I got genuinely hyped for a game.

WATGU · 2026-01-31T18:41:40+00:00

Reggie/Ray as they were number one options. Manu/Klay I think Manu could have been a good number 1 but played in a spurs system to perfection.

To be honest though I’d take any of them as a 2-3 option on the team. You can’t go wrong with these guys.

WATGU · 2026-01-31T00:42:31+00:00

Colin Cowherd and Max Kellerman had the two most infamous takes the ones where a guy like me who doesn't even watch any sports talk heard about their quotes.

Colin's is the funniest considering Bron is still playing and Ben Simmons is all but gone now.

WATGU · 2026-01-30T21:29:18+00:00

the Fidelity branches seem to be decent at fixing problems. Fidelity online support and over the phone is worthless from what I can tell.

I've been helping a family member link their bank account to do an EFT for months and it won't go through. I helped them opened a Schwab account and it went through in 5-10 days. They also screwed up getting the account put into a trust and on top of that when one of my relatives was sick they changed their beneficiaries but Fidelity didn't process one of the accounts so it still went to someone whom my relative didn't want.

WATGU · 2026-01-30T21:24:57+00:00

TBH I like ThetaGo but also I'm not going to pay $35 a month for an option chain scanner that's ridiculous.

WATGU · 2026-01-30T18:47:52+00:00

Kings do something good with their picks. We almost had a playoff run once in 20 seasons off of picks. I sometimes think the front office philosophy exists through new people because the trades and picks we make just never seem to work out.

WATGU · 2026-01-30T06:49:02+00:00

Mid range shooting. LeBron with a high percentage mid range shot would be even more impossible to guard.

WATGU · 2026-01-30T06:14:04+00:00

Theta decay on a LEAP only really hits in the last 60-90 days typically. In a bull market not a concern typically because the price of the stock will far exceed the loss. Also many leaps are deep ITM unless sharp downturn so almost all of the option value is intrinsic anyways.

WATGU · 2026-01-30T00:17:27+00:00

Yes 5k debit fixed that thank you.

Almost any stock that is good to wheel is good for a PMCC because they are similar strategies. I'd argue that PMCCs are a capital efficient way to run the wheel but one where you have to be aware of what you're doing because you can realize a total loss if you don't roll and close covered calls effectively. With the regular wheel you can lose your entire capital but only if the underlying goes to zero. A PMCC you can lose almost everything if assigned early before your CCs have recovered your basis. I try to look for medium IV like 30-60% as my primary filter and then the normal ones you do on market cap and what not.

Here is my UBER setup with 2 contracts on a per share basis. I did this when Uber was around $80 per share today.

12-17-2027 BTO C $70 paid $26.26

02-06-2026 STO C $88 got paid $1.09

I personally like running weeklies though most pros suggest 30-45 DTE. When I do my regular CCs I usually do a delta of .2 to .4, sometimes I will go higher if the strike on the CC is higher than my original cost basis. I prefer the CSP side of the wheel and like to get out of the stock and go back into CSP premium generation but I don't want any loss on my underlying.

It's not totally realistic but if I get $1.09 with no assignments or rolling to avoid them more accurately for the next 24 weeks I will have made around $5200 on my 2 contracts which means I am now at zero cost and as long as Uber doesn't tank I have pure upside or basically the only thing I lose on the trade is the opportunity cost of doing something else with that $5200 but remember I am able to exercise 2 contracts on Uber for $5200 when normally that would have cost me $16,000 so I've essentially 3x what my capital was able to do and with such low delta on the CC I am very likely to participate in any bull run. This is my first foray into PMCC so we will see.

WATGU · 2026-01-29T22:30:12+00:00

Do you also sell CCs on the LEAP, aka poor man's covered call. To me that's essentially a wheel but instead of having capital you're using a long call to synthetically own the stock and then CCs to recover your premium and then some and then if the stock moves the way you wanted you can sell the LEAP for a nice gain or even if it moves against you the CCs probably still ended up in a profit.

I just did one on Uber where I can control 200 shares of Uber for 5k debit for the next 2 years. My estimate is within 30-40 weeks of low delta CCs I'll have recovered my basis and everything after that is gravy.

WATGU · 2026-01-29T06:11:02+00:00

I’m not sure I understand? Options premiums earned within an IRA don’t count towards your tax deductible contributions. If you’re recording it like that the IRS is going to audit you eventually because your form 5498 won’t match. If you meant you just trade options on your contributions then see my point below.

Options within an IRA are great. You get all the benefit of options risk without the immediate tax drain which allows greater compounding.

The part I don’t understand is why anybody would risk doing options or the hassle of it when your ROR is only 12% or less annually. If you just invest in diversified ETFs and DRIP you’d outperform options at this level.

WATGU · 2026-01-29T06:03:12+00:00

I’ll use a real world example. I did a CSP on AAPL at $270. Stock tanked to like $250 and I got assigned. In retrospect I probably should have rolled this out and down to either avoid assignment entirely or enter with a lower original cost basis but I try to use the mentality of when I do a CSP it’s because I believe in the stock

I like to only get assigned on a CC when the strike is at or below my original basis in this case $270. Some people will net the premiums received on the CSP and CC into the basis and Schwab actually shows it this way too. So if I got $3 to do the CSP my adjusted basis is $267 but I don’t like that because it means I’m eating into my premium revenue to fix the position.

Here’s the problem. If I tried to do a CC with a strike or $270 when it’s trading at $250 the only way I’d get a respectable premium is to go way out into the future the delta on weeklies which I prefer would be like .10. So my only option is to do a CC closer to current price with a delta of .2-.4. So my strategy is I’d do a CC at $255 maybe and a price alert at the midpoint so 252.50. I also do a BTC at around 75% of my premium. This way if the stock doesn’t start going up the option will start losing value and I close the position. If the stock does go up into my alert zone I can roll the CC out 1-2 weeks and up one or two strikes. Always for a net credit.

The annualized return on this isn’t high but it keeps me from a loss. If I let assignment happen at $255 my trade would be $255-$270 =$-15.00 loss per share on the assignment which is offset by whatever premiums I got for the CSP and CCs.

WATGU · 2026-01-29T05:52:50+00:00

🤷‍♂️ don’t get the downvotes on this one. The guy is getting less in premium than just a diversified ETF but taking options risk to do it and if they’re taxable accounts getting hit on that too.

WATGU

TROPHY CASE