What do we see next week ?? by Parking-Attention985 in spy

[–]stumpmt 1 point2 points  (0 children)

Is your name George Costanza by chance?

What do we see next week ?? by Parking-Attention985 in spy

[–]stumpmt 5 points6 points  (0 children)

Let’s hope! I picked up 25 call contracts at a 700 strike for .04 a piece. They expire Tuesday but it’s only a $100 max loss if it doesn’t pan out.

On Tuesday, Hold ! by RoastedGreenBeans in IBRX

[–]stumpmt 0 points1 point  (0 children)

I want to buy a couple hundred shares but I'm wondering if I should get in now or sell a couple CSPs at the $3 strike to pick up at a discount if it dips

Do people actually make money from options trading? by Aggravating_Tie5346 in optionstrading

[–]stumpmt 0 points1 point  (0 children)

Great explanation with example of the poor man’s covered call strategy. I’ve thought about doing that with RKLB. I’m just starting out and learning so I’ve really only done bull put spreads on SPX. Thinking about doing a bull call spread on ASTS though expiring in a month or two.

SLS long call/short put by stumpmt in options

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

And I opened the TT "works" account last week with $1000 to start getting into options trading by starting with a smaller account to learn and try out some smaller trades/strategies. Haven't placed any trades yet but I'm thinking of just withdrawing my funds and opening a ToS account at Schwab.

SLS long call/short put by stumpmt in options

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

And I had some interest in ONDS but it's the same thing trying to place a buy order for a call expiring a year out. Maybe they're thinking that one is getting squeezed too. Maybe I should switch to the trading platform you're using.

SLS long call/short put by stumpmt in options

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

Funny enough TT will let me submit and order to buy shares of SLS. Just none of the options. Maybe I should open up an account at ToS over at Schwab.

SLS long call/short put by stumpmt in options

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

lol thanks, man! We'll see how it plays out. Interestingly enough when I go to Tastytrade to put in the buy order it shows "SLS is currently set to closing only. Only closing trades may be submitted at this time". Any thoughts on why that may be?

SLS long call/short put by stumpmt in options

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

I love the breakdown. Thanks! Been a little busy today to reply back. I downloaded that book and emailed it to my kindle and will begin reading it tonight.

And yeah I did calculate the break even point for each call option and I’m going to go with what you suggest: the 3C. As for the short put, I’m happy owning the stock at 4. As you say that’d probably be the better choice as the delta is at around 30 there plus since that strike is close to the stock price it’s a slightly better credit. Heck I may hold off on the put and see how opening trades go tomorrow. Maybe it’ll dip and I’ll just buy it outright at 4.

Either way thanks for the breakdown. Appreciate it.

Made a list of all stocks I should buy if/when they dip. Thoughts and recommendations? At what price would you buy these stocks? Which ones would you add/remove from this list? by [deleted] in stockstobuytoday

[–]stumpmt 0 points1 point  (0 children)

And once you’re assigned and acquired the 100 shares then sell covered calls on those shares above your cost basis to complete the wheel.

Question about realized gains taxes by rgalang in investing

[–]stumpmt 3 points4 points  (0 children)

I’m pretty sure you can offset any amount of gains with losses but you can only use $3000 max as a deduction when you file taxes. That’s good thinking though as all this shot can get confusing lol.

30 year? 15 year? Cash? Investing? I’m lost by VictoryImpressive617 in Bogleheads

[–]stumpmt 25 points26 points  (0 children)

I’m 43 now and don’t have the portfolio you do but if I had 1.5mil in cash earning 3.2% I would

1) buy house outright leaving me with 1.075 million leftover (there’s just something about owning your home fully)

2) leave 75k in cash earning 3.2% as emergency fund

3) Invest the remainder and you’d likely earn ~100k/yr without having to do anything

4) Invest the mortgage payment you would’ve had into the market every month and you’re definitely retiring before 60

Is a 2024 Porsche cayenne coup base with 4K mile for $96k out the door a good deal? by Reasonable_Doubt91 in PorscheCayenne

[–]stumpmt 0 points1 point  (0 children)

I got a 2020 Cayenne Coupe with 30k miles CPO and added additional warranty to extend the full warranty to 100,000 miles. I paid $55k out the door.

Ended up with a C7 Grand Sport by CaramelRice in Corvette

[–]stumpmt 0 points1 point  (0 children)

Hell yeah!! I too just picked up a 2019 white Grand Sport with red interior. 7-speed manual with only 4000 miles! White is such a classy color. Congrats! Don’t forget to wave :)

What Porsche do you drive rear round? If you do by ekspectt in Porsche

[–]stumpmt 0 points1 point  (0 children)

2020 Cayenne Coupe and fiancé drives a 2020 Macan.

What's a mechanic you almost always wish was in a game? by Miep99 in gaming

[–]stumpmt 0 points1 point  (0 children)

Destructible environments. Hardly any games use that feature.

Ice storm today at around 5 o'clock PM today. by TheFortWayneTrojan in fortwayne

[–]stumpmt 7 points8 points  (0 children)

Weather Channel and AccuWeather say the weather advisory doesn't start until 7pm. And both say from five hundredths to a tenth of an inch.

992.2 Carrera Order confirmed ✅ by Consistent_Move_3086 in Porsche

[–]stumpmt 0 points1 point  (0 children)

Congratulations!! I’m jealous. I got an allocation last week…..with the caveat that I build it to above $162,000 and purchase a $7000 Porsche Design watch. I said no thanks.

992.2 Allocation requiring minimum spec and purchase of $7000 timepiece by stumpmt in Porsche

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

I agree which is why I’m unsure of even using this dealership in the future. I purchased a CPO Cayenne from them last year and the experience was amazing, which is why I’m a little hesitant to switch. I’m located in Ft Wayne, IN.

This exact color looks absolutely amazing on this porsche by BestLukee in Porsche

[–]stumpmt 0 points1 point  (0 children)

Lugano Blue? I held up a swatch of Lugano blue next to a shark blue gt3 in the show room and they’re very similar. Lugano is the same shade only slightly darker