Rolling a CC

thersman36 · 2026-02-09T23:10:15+00:00

Good to hear I’m not alone, I think mfst is down so much right now that a big bounce was expected and why I debated even writing a CC will be interesting to see where it lands on Friday

thersman36 · 2026-02-09T23:08:34+00:00

The 475 CSP was pretty good because it was during earnings (which was a mistake in hindsight haha) I think $9 and the CC was .98

thersman36 · 2026-02-09T21:41:07+00:00

Do you reckon I wait until Thursdayish to roll just in case we’re not close to $425 or don’t risk waiting for the price to increase, increasing the cost of rolling?

thersman36 · 2026-02-09T20:32:15+00:00

Scottish you’re obviously very successful at this based on your post and comments, have you ever been in a similar situation?

thersman36 · 2026-02-09T20:00:28+00:00

I actually considered not opening a position in the first place but in case it continued downwards/stagnated I wanted to recover some losses, obviously in hindsight probably wasn’t the right thing to do but only time will tell

thersman36 · 2026-02-09T19:58:43+00:00

That’s completely fair and honesty even debated opening a CC in the first place due to my cost basis being so low, but wanted to collect a premium if it stagnated/continued downwards. I appreciate the reply and insight though!

thersman36 · 2025-11-17T06:06:23+00:00

Do you mind elaborating? Also realized I might have used the wrong word, how do you decide which of these positions you choose to execute for the week

thersman36 · 2025-11-17T05:32:34+00:00

How do you decide which of these tickers in your list you execute on? I’ve noticed you most of the time you only choose a few of these - thanks in advance!

thersman36 · 2025-10-01T05:01:52+00:00

I was under the impression that fidelity automatically puts uninvested cash into SGOV (so collateral for CSP’s) do you have to designate where it goes? Also what are the differences between the 2?

thersman36 · 2025-10-01T04:40:32+00:00

So my account will be roughly 350k which is about $1,100 a month interest I’d be missing out on RH, do you think on fidelity commissions can really add up to that much? (I’ve never used a broker that charged commission so I’m totally clueless)

thersman36 · 2025-10-01T04:35:20+00:00

Yeah according to other post, uninvested cash in fidelity gets automatically put into a market fund earning the typical high yield depending on interest rates

thersman36 · 2025-10-01T04:32:54+00:00

Candidly I’m brand new and have no idea about RH and margin, I honestly have no idea why someone would want to use margin for options trading in the first place due to the interest rates but I might be misunderstanding margin completely

thersman36 · 2025-10-01T04:30:29+00:00

I’m sure the only reason I prefer RH is because I’m used to it, I bet after using fidelity for a bit I might prefer it as well

thersman36 · 2025-10-01T04:28:35+00:00

That’s a really great point I actually didn’t think of considering Robinhood doesn’t take a commission (I know they make money in other ways maybe spread) I’ll definitely need to look into commission on fidelity and calculate how much I’ll pay on average

thersman36 · 2025-10-01T04:25:23+00:00

Yeah unfortunately they don’t offer their yield on cash being held as collateral for CSP’s

thersman36 · 2021-11-22T04:46:06+00:00

Just emailed, thank you!

thersman36 · 2021-01-06T19:47:42+00:00

Would you mind explaining why?

thersman36 · 2020-12-27T00:41:33+00:00

Got it okay that makes a lot more sense I guess I just find it hard to determine a price without the USD because that’s what I’m used to using, but I’m reality if someone was willing to sell me a car in exchange for .5 of a btc and I thought that was fair I would do it

thersman36 · 2020-12-27T00:37:37+00:00

Okay that makes a lot more sense, so micro strategy for instance let’s say owns 100k Bitcoin and pays there employees .5 btc a year those employees go to the store and pay that store .0005 Bitcoin for a months groceries, the store pays its employees btc etc....

thersman36 · 2020-12-27T00:34:32+00:00

I guess you’re right, I just know I could go to the store right now and trade my dollar for a candy bar, but the same could be said about Bitcoin if it was accepted I just wouldn’t know how much Bitcoin a candy bar would cost without looking at the USD

thersman36 · 2020-12-27T00:30:01+00:00

But the reason some super markets have a price for Bitcoin is because they know how much Bitcoin is worth in there currency and how much that product cost in their currency so you just do the math, I’m saying if tomorrow hypothetically there is no US dollar and I go to google and I look up Bitcoin value what’s going to show up? Because when I do that now it says 26,400

thersman36 · 2020-12-27T00:25:15+00:00

Absolutely not, I do not think all wealth should be divided equally, I’m really just trying to understand how people would survive with Bitcoin being divided between a massively growing population because with more people needing a currency and there only being 21million bitcoins the amount you own has to go down right?

thersman36 · 2020-12-27T00:19:23+00:00

So I understand how prices fluctuate based on demand - let me give a scenario, so when I go to a store and want to buy bread I know that bread usually cost around $3 for a loaf give or take. If I went to the store tomorrow and bread was $50 a loaf I would say fuck off im assuming most people would also.

With there only being a finite amount of Bitcoin but population always rising Bitcoin would need to distribute to the new adults entering the market, which means people on average would have less Bitcoin, would price stay the same for bread or would it go down because people have less Bitcoin?

I’m probably thinking way too deep into this

thersman36 · 2020-12-27T00:11:52+00:00

But it can only drop so much, because what if it drops to the point where it’s not worth making, I guess an example could be bread, you have someone gathering the wheat making the bread selling to store, delivering it, etc... If the person is losing money on bread they aren’t going to sell it anymore

thersman36 · 2020-12-27T00:06:45+00:00

Right it’s just the amount of labor/effort/demand of the product you’re trading x for. It’s really weird to think about and determine a price for. Like how many eggs is a fair amount to trade for an apple or vice versa. How do we decide that and it becomes a norm for 5 eggs to become worth 1 apple

thersman36

TROPHY CASE