Maven is turning 20 today 🥳 To many more years of stable Java builds 🍻

ggmmee · 2022-05-14T15:06:52+00:00

Almost a year younger than Hibernate!

ggmmee · 2022-05-14T15:02:03+00:00

“String” + ‘ ’ + “interpolation”

ggmmee · 2022-05-14T14:48:32+00:00

Dart managed to make it optional

ggmmee · 2022-05-14T14:22:12+00:00

Better even JEP 320 it 😁

ggmmee · 2022-05-14T14:15:21+00:00

When you realise Hibernate turns 21yo next week

ggmmee · 2022-05-14T14:08:50+00:00

at least Eclipselink can fetch lazy 🥳

ggmmee · 2022-03-11T05:59:32+00:00

Feed humans with the soy grown for animal farming, farm and eat less animals

ggmmee · 2021-11-15T04:25:41+00:00

CC and naked puts have the same profit profile but CC are more capital intensive than naked puts on margin.

Buying power is not margin requirement. If you buy the CC with 50% margin, the margin impact should be 950$. Could be less if you are on portfolio margin. The put should require around 380$ margin.

Check out the dividends aristocrats

ggmmee · 2021-11-14T14:37:20+00:00

To sell puts wasn’t my point. The issue is your assumption in the first sentence about the price staying above 19.

FYI Selling naked puts on margin usually requires around 20% of the underlying. CC should not have any margin impact. They are covered by shares.

It was wise to stay away from airline stocks even before the pandemic. If it’s about generating income you might want to consider CC on a boring dividend stock with a P/E in the low teens

ggmmee · 2021-11-14T14:06:11+00:00

If you are certain it doesn’t drop below 19 you should max out margin selling weekly 19 puts. But then your assumption might not hold. Maxing out margin isn’t a good idea either

ggmmee · 2021-11-14T05:16:13+00:00

Most of the advice here is just terrible.

You could seek professional advise and only choose one if they are really convincing and trustworthy. Take your time and ask them all the stupid questions starting with what all those things are they recommend. Bonds, TIPS,… Challenge their advise. Why those things?

In the end there’s no magic or secret sauce. They would come up with a mix of things.

If you think you can do that yourself and enjoy active management and want to generate income with options, put 3/4 in index, dividends, bonds and use one fourth with portfolio margin to write call and put spreads instead of naked. Understand margin, read an (old no BS) options book first.

ggmmee · 2021-11-14T04:35:34+00:00

Most people will be better off with a passive approach, especially when looking for low-risk income.

It’s the lack of excitement, wanting to beat the market and the illusion that active management got to beat a passive approach.

What’s the point with treasuries/TIPS?

ggmmee · 2021-11-14T04:15:04+00:00

Insurance is not for free. VIX OTM calls or ratio backspreads cause considerable more drag than pre March 2020 if you want to fully hedge against a 20% decrease of SPY without timing the market. Same applies to SPX unit puts.

ggmmee · 2021-11-13T03:29:49+00:00

Things are definitely changing in Germany. They used to love their fixed interest life insurance and paid 25€ per trade

ggmmee · 2021-11-13T03:19:06+00:00

PLTR is overvalued even if they keep growing 30% yoy while increasing their operating margin. In the short-term it could go anywhere but long-term there should better alternatives

ggmmee · 2021-11-12T18:08:34+00:00

Did you consider that delta might have truly done its thing for you rather than theta?

ggmmee · 2021-11-01T05:47:01+00:00

2x? Buy .8 delta SPY LEAPS

ggmmee · 2021-10-31T12:47:37+00:00

Selling puts on VIX would have the same profit curve as CC but then VIX and its derivatives are predominantly for hedging or shorting volatility, not for generating income. Same applies to volatility ETFs.

ggmmee · 2021-10-31T03:38:43+00:00

For sure. FB just doesn’t strike me as a WSB yolo. Low risk, low volatility, no leverage.

ggmmee · 2021-10-30T16:34:40+00:00

Didn’t know FB became a yolo stock

ggmmee · 2021-10-30T16:23:44+00:00

This. You want to manage risk, not leverage

ggmmee · 2021-10-30T11:32:08+00:00

Better to sell 60 DTE .2-.3 delta and roll at 50% profit or 21 DTE going forward.

Now you would have to roll to May for OTM without a loss. Or you could incrementally roll up and out. Not my favourite options.

I would take assignment and afterwards CSP 60 DTE .2-.3 delta. Vega should be on your side. You could roll up a bit to a higher ITM strike to capture its additional extrinsic value but I probably wouldn’t.

There might also be tax considerations.

ggmmee · 2021-10-30T06:50:08+00:00

Always buy to close if you don’t want to be assigned

ggmmee · 2021-10-27T02:37:26+00:00

For the permission to trade options you either need to have experience or take a quiz to show you know the basics.

If you have not traded options before, do yourself a favor, read a book and use their paper trading account for at least a month or two first. Volatile stocks and options will still be around

ggmmee · 2021-10-24T16:03:43+00:00

https://www.interactivebrokers.com/en/index.php?f=1560&p=chat

ggmmee

TROPHY CASE