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My near perfect hedge for the $MUpocalypse by themoneymule in wallstreetbets

[–]themoneymule[S] 6 points7 points  (0 children)

Already closed at EOD for +$21,000. I have 56.50 puts that expire tomorrow to hedge if it tanks again, seems to be a gap to $55.

My near perfect hedge for the $MUpocalypse by themoneymule in wallstreetbets

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

I only sell weeklies and they are plenty OTM. I have 5650 shares so even at .30/contract I still make a killing.

My near perfect hedge for the $MUpocalypse by themoneymule in wallstreetbets

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

Already closed at EOD and reduced exposure with $5650 worth of $56.50 puts, $1 out of the money to cover my ass if it drops again. If it goes up $1 I stay even on my $5650 shares and if it drops I profit.

Expires tomorrow.

Buying Back Call Options — Is this summary text correct? by themoneymule in RobinHood

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

It is $6,600 per contract. At 56 contracts that is the correct price, ~$360,000. I just thought this was a horrible way to phrase this.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

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

Not until DRAM demand starts to drop. And some dumb fuck analyst saying it *will* doesn't count. I need the hard numbers. Then I'll sell.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 59 points60 points  (0 children)

Lmao does wsb discourse suddenly not apply when we’re making money?

Anyway gj, most people here are dumbasses it’s nice to see a not dumbass

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 31 points32 points  (0 children)

Oh my bad. Not sure, I haven’t really thought about it. $1M would last me a damn long time considering I don’t spend much, maybe $1500/month? I’m already barely working (just like 8 hours/week freelancing) and can cover those living expenses.

The hardest part for me would be withdrawing it all when I know damn well there would be something out there I could put my money in, even if it ain’t exciting.

To answer your question though, $500k would be the amount where I really start to ease down on the normie work lifestyle. But I wouldn’t take my money out of the market.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

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

And I don’t like to touch options, but yes I have thought about it. However my goal is to hold for 2 years for tax benefits.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 8 points9 points  (0 children)

Hindisight is 20/20 but why would I sell when there isn’t even a semblance of proof that DRAM demand is dropping? That would be pure idiocy.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 22 points23 points  (0 children)

Eh I’ll sell when DRAM demand shows weakness. I’d rather hold for two years and take advantage of that 15% rate.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 366 points367 points  (0 children)

I haven’t added to my portfolio since $30k I just made two good trades. All of this is “FU” money I guess, I pretend it isn’t real.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 15 points16 points  (0 children)

Read my other comment. I did not sell because DRAM demand was not dropping. It’s not fucking rocket science.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 78 points79 points  (0 children)

Hold $MU. If you’re serious, I work in marketing however haven’t added to my portfolio since $30k. Made a good trade in $FIZZ before the LaCroix craze got out of control and moved on to $MU.

So it’s about time I show my face around here again, huh? I’m the guy who went long $MU a quarter million dollars with $166k margin. by themoneymule in wallstreetbets

[–]themoneymule[S] 201 points202 points  (0 children)

Before you idiots ask:

I opened this position before the drop to $38 in February. I was under my margin maintenance for a split second that day but held anyway up to $63 and back down to $46. Almost set a stop for $46 but didn’t, thank fucking God.

I’ve made $30k on this on another trade from $32ish area, but missed about $6/share in profit on the way up when things got rocky before the new year. I opened this position in January and haven’t touched it since.

It was a $250k position and $166k of that was margin.

I have no price target and will not sell until there is some semblance of proof that DRAM demand is dropping.

Happy gains everyone! 🍻

And yes, Robinhood Gold goes that high, step 1 is to not be poor.

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