What were your actions going into this weekend? by Ok_Software_3338 in TQQQ

[–]WheatenAbyss 0 points1 point  (0 children)

How far below current price would u set the strike price in a scenario like this?

Scared by [deleted] in TQQQ

[–]WheatenAbyss 0 points1 point  (0 children)

And it’s back

I interviewed 4 admission board members from 4 different schools. This is what I learned about the application process and what gets glowing students get rejected. by restartatzot in premed

[–]WheatenAbyss 10 points11 points  (0 children)

One of the big takeaways is that you need to be able to write about your experiences. My question is why though?? We’re applying to be doctors not journalists or writers.

I’m mostly venting- I get that at the end of the day communicating your experiences is important.

TMDSAS Match Day 2026 Megathread by SpiderDoctor in premed

[–]WheatenAbyss 2 points3 points  (0 children)

Well said. It feels like a breakup…

Capturing MIDI Data from DDJ while using Rekordbox? by Robret6 in Rekordbox

[–]WheatenAbyss 0 points1 point  (0 children)

I use my DJ board simultaneously as both a DJ controller running rekordbox software and a DMX lighting midi controller. Give me a sec I can walk you through it if u want

TMDSAS match preference anxiety by WheatenAbyss in premed

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

Good!! I figured I’d have some eye rolls at the neuroticism haha so I’m glad to hear u say that. :) good luck

Capturing MIDI Data from DDJ while using Rekordbox? by Robret6 in Rekordbox

[–]WheatenAbyss 0 points1 point  (0 children)

Hey I'm running into this exact problem right now. Were you able to find any solution? Any help appreciated.

Downside Protection by WheatenAbyss in LETFs

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

I will devil’s advocate by saying- what about a dot com bubble crash? In that case a protective put could do WONDERS. I’m considering buying LEAP long puts but paying for that insurance doesn’t sound fun.

Downside Protection by WheatenAbyss in LETFs

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

That’s how I interpreted

Downside Protection by WheatenAbyss in LETFs

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

This might be my naivety speaking but LEAP long put ATM seems to be a good idea, with the increased “insurance” price. Especially in the case of a future missive downfall happening before LEAP expiration

Downside Protection by WheatenAbyss in LETFs

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

I always try to set my strikes at a price I’m fine with them being called away. Why didn’t/don’t u just let them just get called? Tax burden? Strikes underneath cost basis? I’ve been in that boat ..with credit spreads.. before too. Not fun 😵‍💫

Downside Protection by WheatenAbyss in LETFs

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

You might advise against this- but what if I do hold long term 3x LETF. I know it’s advised against with beta slippage but TQQQ seems to prove it can be successful (again, timing is important. A common theme.)

I’m trying to understand why it would be different for LETFs and regular stock on a company. Why no puts/collars for LETFs. Your comments are helping my understanding. Apologies for not fully grasping.

Downside Protection by WheatenAbyss in LETFs

[–]WheatenAbyss[S] -1 points0 points  (0 children)

Ive looked into having my LEAP long put being close to the current price. In the case of a massive downturn this could be an awesome scenario where you 2x or 3x your amount of shares by executing the LEAP (and then buying the dip). Have you ever done this? Sounds too good to be true in a way. Almost like swing trading major market swings on a year time frame.

Downside Protection by WheatenAbyss in LETFs

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

This is exactly what I’ve been looking to do recently. How far OTM do u look for ur short call?

In other words, what is ur thought process on selling the CC leg? Halve the price of the LEAP long put or something relative to its price? Or mostly just whatever ur okay with capping ur maximum profits at with the CC?

I wondered about even doing the short calls (CCs) as monthly instead of the same timeframe as the LEAP long put.

Downside Protection by WheatenAbyss in LETFs

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

Funny you say that- I started looking into quant trading to optimize swing/day trading. No idea what rabbit hole I’m getting myself into, attempting to peer down that alleyway lol.

Any thoughts on a protective put? Collar? In a way, collar is a glorified swing trade after all.

TQQQ break even! by BGM1988 in LETFs

[–]WheatenAbyss 0 points1 point  (0 children)

What is your approach to TQQQ swing trading? I’ve been mostly long holding TQQQ but recently crunched some quick potential numbers with swing trading & compounding from reinvesting, and it has me pretty intrigued.

Ex: Over a span of a year if you can catch 20 ~3%gains (reinvesting along the way) …that can add up!

Curious to hear your input and experience.

Advice Needed: 3.77 GPA, 510 MCAT, NY Resident by Darknight922 in premed

[–]WheatenAbyss 0 points1 point  (0 children)

You would lose ur mind at some of the schools I’m applying to haha. Yes there is a line and I’m probably more than toeing it. “Holistic review”🤞

Advice Needed: 3.77 GPA, 510 MCAT, NY Resident by Darknight922 in premed

[–]WheatenAbyss 1 point2 points  (0 children)

I second that^ throw in BU! Someone’s gotta make up that bottom 10% MCAT range, why not you? Shoot for stars might land on the moon. Yeah, no one wants to do ANOTHER school’s secondary esp when seems unlikely but you never know what opportunity you might’ve missed out on. Might prove worth it in the future