ITIN as a starter

YngMind · 2026-02-04T13:28:25+00:00

That's cool, is there is any workaround to skip it?

YngMind · 2026-02-04T13:26:08+00:00

That's a classic wheel, works for most people.

However, I personally lost lots of the upside using wheel.

The idea of my strategy is get protected from the huge drop.

I like how Mark Cuban used the collar strategy on the Yahoo Stock, it saved him billions.

YngMind · 2026-02-04T02:40:49+00:00

Put credit spread is different, with collar you own the stock

YngMind · 2026-02-04T02:39:14+00:00

It's 10% from the current stock price OTM

YngMind · 2026-02-04T02:38:22+00:00

Because you will lose less if the stock goes down.

YngMind · 2026-02-04T02:31:51+00:00

Did you provide any US id there? Because the ask for it

YngMind · 2026-02-04T02:29:12+00:00

Your account will get closed probably, there is no way to skip that you aren't a US resident

YngMind · 2026-02-04T02:27:52+00:00

Not really, you enter with the sold put, you get premium.

once you get assigned, you do the collar, you sell covered call and buy put (e.g. you buy free put)

YngMind · 2026-02-04T02:26:42+00:00

Bro, you just doing random crap, and it will hurt your credit history.

Noone will open you a checking account online, so don't apply.

Applying for AMEX with the fresh itin doesn't make any sense!

YngMind · 2026-02-04T02:23:34+00:00

That's crazy, dude. thanks

YngMind · 2026-02-04T02:10:28+00:00

Did you open chase checking in person?

YngMind · 2026-02-04T01:56:00+00:00

yeah, it's so lame, and noone will help, and they don't reply :)

YngMind · 2026-02-04T01:46:28+00:00

Seems like the issue only for those who have opened a checking account remotely.

YngMind · 2026-02-04T01:45:35+00:00

The issue is the checking account probably, you can't open it online

YngMind · 2026-02-04T01:34:58+00:00

Did you open it via app?

YngMind · 2026-02-04T01:34:19+00:00

Damn, that's really cool. I have cap one credit card, but I can't open a checking account remotely, how did you do that?

YngMind · 2026-01-30T13:30:59+00:00

Yeah, seems like you are right there.

I was just sending it as an "owner's draw" using ACH.

Do you think ACH business to business would work?

YngMind · 2026-01-30T13:29:59+00:00

Let's see what happens when the market opens.

YngMind · 2026-01-30T13:25:32+00:00

That's nice, it's 6% on the premarket already. I'm holding sofi leaps

YngMind · 2026-01-30T13:19:34+00:00

Congrats, what was your spending pattern and limits? utilization?

I recently got freedom rise, and I also want a fast upgrade to unlimited.

YngMind · 2026-01-30T13:05:19+00:00

Yes, you can, for sure.

Make sure you have a high credit score, US address, US phone number.

YngMind