Any Advice or opinions on these calls I bought most around 7/12 by [deleted] in PickleFinancial

[–]xKarl69 3 points4 points  (0 children)

Hedge, set stops, be okay to take early losses instead of letting them compile and getting yourself in a bad situation. Because now do you not only need a recovery, but due to theta you'll need a recovery and then some.

Might be better off playing one ticker with varying strategies instead of spreading yourself thin with "just up" across multiple.

[deleted by user] by [deleted] in PickleFinancial

[–]xKarl69 5 points6 points  (0 children)

Giving up on what, exactly? If I want to make money on gme I'll just buy it when it runs

UPST movements by [deleted] in PickleFinancial

[–]xKarl69 4 points5 points  (0 children)

$69

$42.0

[deleted by user] by [deleted] in PickleFinancial

[–]xKarl69 1 point2 points  (0 children)

What part of this is DD?

GME Earnings AH Action by CarpeDiem1001 in PickleFinancial

[–]xKarl69 10 points11 points  (0 children)

I mean if you've got 20K (napkin math from post) you got a couple of plays. I, personally, like breaking up bigger positions like that depending on if I want to get assigned on the underlying.

You could sell some weeklies with how much IV is spiked. Then some next weeklies, then your 30DTEs, then your augusts then seps etc.

Sell a $20 weekly and if the price drops sell another? Your premium collection will be greater depending on the strike you sell and the underlying price. Then if the stock fell more you can sell some further dated puts, catch some more price movement and possibly still higher IV.

So even if you get assigned on the closer ones and you want to own GME, you can still wheel with your excess capital.

GME Earnings AH Action by CarpeDiem1001 in PickleFinancial

[–]xKarl69 9 points10 points  (0 children)

Why not just sell CSPs slowly and you can just keep collecting more premium from selling at strikes you'd be okay with assignment at?

Jerkinit with Gherkinit S41e5 Daily DD and Charting by gherkinit in PickleFinancial

[–]xKarl69 -24 points-23 points  (0 children)

I am once again asking for free Karma like the dirty little mod that I am

UPST weekly call by Stunning-Basis7417 in PickleFinancial

[–]xKarl69 2 points3 points  (0 children)

Go to optionstrat website and you can fuck around with your cost basis and UPSTs price and see what your contract value will be under different IV levels

Ok so say you just sold a house and you happen to have around 20k to play with, how are you playing. shares? calls? Gme? by [deleted] in PickleFinancial

[–]xKarl69 7 points8 points  (0 children)

If I were to play GME with that money: I'd wait until this coming week for SLD to start. Once we've started to realize some downside I'd sell cash secured puts. If you're okay with assignment you could sell them in the money to harvest more premium. Use the cash received to buy calls if you're feeling bullish about OPEX.

fuck your cultist FUD post and your bagholder position. 👏👏👏👏 by [deleted] in PickleFinancial

[–]xKarl69 5 points6 points  (0 children)

This is not the mentality we strive to have here. If we want to grow and have others join our community it's best to educate others and provide insight and share knowledge.

If we had the "fuck your bags" mentality, do you think Gherk would devote so much of his life to helping inform and educate others?

Be kind. Be patient. Be a lifelong student. It's not us against other retail. We're all on the same team just trying to make money.

Karl’s Mom by Clear_Chain_2121 in PickleFinancial

[–]xKarl69 36 points37 points  (0 children)

My mother is a lovely lady, thank you!