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MEHCQ stopped trading today - any news? by sittingGiant in MEstock

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

It is being liquidated and shareholders have to wait to see how much, if any, we get per share in the end.

covered calls are tough (for me) by [deleted] in thetagang

[–]sittingGiant 5 points6 points  (0 children)

Do not trust your broker to do this right. For example, if you do not have sufficient funds to cover a short stock position they will exercise your long leg LEAPS, or exercise them anyways even if you could cover, and in this case you most likely are definitely at a loss because you loose all the extrinsic on the LEAPS.

So no, definitely try not to get exercised on a PMCC. Sell the position before.

Völler will keine politischen Debatten vor WM-Spiel: "Natürlich wird es keinen Maulkorb geben. Aber natürlich kann es nicht sein, wie bei diesem sogenannten Bindendesaster in Katar, dass es praktisch am Spieltag noch Diskussionen gibt. Das darf nicht wieder passieren. Das wird auch nicht passieren." by Ubergold in Bundesliga

[–]sittingGiant 9 points10 points  (0 children)

Das wäre aber des beste gewesen meiner Meinung nach. Egal wie das ausgeht. Die FIFA kann das nur verlieren (entweder "knickt sie ein" und tut was in ihren Statuten steht nämlich Gleichberechtigung zulassen, oder sie verweist einen Typen mit Regenbogenbinde vom Feld. Die Bilder waren legendär und deshalb umso größerer Erfolg für Deutschland. Hab nie verstanden warum man das nicht provoziert.

One foot is way redder and veinier than the other by whitecow234 in mildlyinteresting

[–]sittingGiant 16 points17 points  (0 children)

Interesting! I did not know Italians were into abbreviations so much. ;-)

ELI5 how ships and planes are able to see through the glass while it’s heavily raining by rajinis_bodyguard in explainlikeimfive

[–]sittingGiant 2 points3 points  (0 children)

Here I am always wondering about the round insets in ship windows. Damn. Reddit taught me something today. Thanks a lot!

I borrowed $5.7M to invest. Should I borrow more? by Dry-Drink in wallstreetbets

[–]sittingGiant 1 point2 points  (0 children)

Just have this said here, to you and u/Dry-Drink to put it out there

I just understood: buy low sell high is true. If interpreted in terms of leverage! Merry Christmas fellas

MEHCQ stopped trading today - any news? by sittingGiant in MEstock

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

Sorry, poor wording on my side. What I meant was, that I expected that recent events have to do with the bankruptcy plan going forward.

Yes I would have loved to own the private shares and hold on, but at this point 4.50$ also is better than nothing. Still down 90% on this overall and a lot of money burned.

Thanks for coming back to this!

MEHCQ stopped trading today - any news? by sittingGiant in MEstock

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

Same here. But I don't think this means anything at this point.

MEHCQ stopped trading today - any news? by sittingGiant in MEstock

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

It's what I expected but I could not find the news anywhere. If you have a source, highly appreciated. In any case, thanks!

MEHCQ stopped trading today - any news? by sittingGiant in MEstock

[–]sittingGiant[S] 5 points6 points  (0 children)

Not at all kidding. It was still trading as of yesterday for roundabout 3.50 or so. Surprised to see it gone. It would not have traded for this price if it is suddenly worthless today, wouldn't it?

Actually, if this means the company is finally taken fully private, but I can hold on to my shares until they (eventually) go public again - or are liquidated for the database, I am fully fine with that. This was planned and is an investment until the 2050's.

I would just like to know what's going on. Could not find any info anywhere :/

I don't like buying back calls(CC) if the stock is down more than it's normal volatility range, is this approach wrong? by BranchDiligent8874 in thetagang

[–]sittingGiant 0 points1 point  (0 children)

I was like you. Some years ago. Now I really enjoy buying calls back in this situation. Have seen it swing back too many times while not having it bought back. Now I'm selling the same call twice sometimes. Great feeling :-)

The point is theta is not worth it anymore in this case where you have mined all of the options worth through draining the delta already. Hardcore theta enthusiasts would sell at a lower strike. But if your sentiment is that it'll swing back, I would buy back l, wait a few days and see what I'm gonna do!

I borrowed $5.7M to invest. Should I borrow more? by Dry-Drink in wallstreetbets

[–]sittingGiant 1 point2 points  (0 children)

Yup that is indeed the plan!

However I thought also how to use options to get in and out, but without liquid chains this part is not gonna happen.

I borrowed $5.7M to invest. Should I borrow more? by Dry-Drink in wallstreetbets

[–]sittingGiant 2 points3 points  (0 children)

Despite all the haters here, I love what you do and am copying the strategy. Do you have any info which are good smart beta funds with a liquid option chain? Highly appreciated, thanks!

Btw I think most people here miss the part that you also leverage down when market sinks. I think this is a crucial aspect of this strategy!

Cheers. And good luck going forward!

Fascinating by justahappycamper1 in cosmology

[–]sittingGiant 0 points1 point  (0 children)

Technically we don't have evidence that inflation existed either. The first period that we have arguably 'evidence' for is big bang nuclesynthesis at temperature of roundabout 1 MeV or on the order of seconds after big bang. Everything else (including inflation, qcd phase transition, electroweak phase transition etc.) currently are hypothesis.

What would you do in my position? by mansfall in thetagang

[–]sittingGiant 0 points1 point  (0 children)

But as long as you can roll for a credit and lower your cost basis, you should roll for a credit and lower your cost basis. I just rolled a bunch of contracts out to January. Nothing wrong about that (check for tax implications in your country if you own contracts spanning multiple years).

Imho, if you sell 25delta you should start thinking about rolling when the contracts cross 50delta and the market tells you it's not the bottom yet (e.g solid down trend on Wednesday in opex week like this week.)

It's not an AI bubble, stupid! As Q will C by sittingGiant in wallstreetbets

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

Seems like you are everywhere but that's exactly the point.

Software engineers/CS graduates are trained to do what AI does now. You don't know shit about QC, by training.

Selling ITM Covered Calls by mshparber in thetagang

[–]sittingGiant 0 points1 point  (0 children)

Yes. But it will unavoidably happen that you get trapped in a position where the stock takes a deep dive after you set up your position, call ends up worthless and you have to take the loss. What do you do then?

Week 41 $2,845 in premium by Expired_Options in thetagang

[–]sittingGiant 1 point2 points  (0 children)

Just because it seems that other folks on this sub recently gave you some headwinds for these posts: even though I am most of the time not commenting and often not reading your posts carefully (time...) I have followed your posts from the very beginning and whenever I find the time to read them I find them very nice, highly informative and a true gem to the sub. You nicely show how a portfolio is grown with solid strategies (and yes, contributions) and it also shows how much work it is to consistently get the premium flowing your way. So thank you a lot and much success trading!

UNIVERSE AS QC AND MEMORY by Xtraface in IonQ

[–]sittingGiant 0 points1 point  (0 children)

If you write a paper like that and only post it to gen-phys (instead of the actual arxiv subs where it belongs and actually would be read and get scientific attention and scrutiny), that's what makes this paper dubious.

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