BelleWeather
:
I like to write calls against shares and LEAPS when it’s up this much. I figure that the price necessary for warrant execution won’t be reached for a bit, so 11.5-12 is a safe - ish and profitable strike.
Dan’l
OPBelleWeather
:
That woulda been a much better plan, since I didn’t exactly see this coming… And, I gave up the flexibility of counting $Archer Aviation (ACHR.US)$ as a long term capital gain this year. (Oops. ~;-)
Dan’l
OPBelleWeather
:
Confused by today’s second run… did $Archer Aviation (ACHR.US)$ start production? Did they decide against potential dilution, or announce some way to accelerate profitability?
OoOor… did I just get it wrong? Oh, no; that couldn’t possibly be right ~;-)
BelleWeather
:
Hey, sweet, talk to me. I think selling options may be a possibly profitable sideline for you. Gives some time in the vagaries of the market.
(Though admittedly, I’m quite new to it, and only able bc speculation through buying them worked out last year.)
Dan’l
OPBelleWeather
:
I had ACHR set aside days before earnings call, and started day/swing trading it again, and then? I had it set aside as of 12/29, and… started again.
Not only that? I missed my buybacks, on ACHR, TSLA, TSLL… the chickens were all just fine (so was Elly May ~;-)
And, yes, I do need to get back to trading options, once the smoke clears. (LEAPS would be a new thing to me.)
10baggerbamm
BelleWeather
:
why would you write a leap on a growth stock that has moved more than the premium that you can receive going out 2 years. if you go out two years in writing and add on the money leap you're going to make five bucks okay you say divide that by two that's two years I'm making 24 and a half percent a year that's great but if the stock falls it's all time value for you to buy that leap back which is a big spread between the bed and offer even if you get filled in the spread in between you're not making anything so the common stock falls by $3 you're going to make 50 cents on find the contract back that's counterproductive that makes absolutely no sense by writing a leap
BelleWeather : I like to write calls against shares and LEAPS when it’s up this much. I figure that the price necessary for warrant execution won’t be reached for a bit, so 11.5-12 is a safe - ish and profitable strike.
Dan’l OP BelleWeather : That woulda been a much better plan, since I didn’t exactly see this coming…
And, I gave up the flexibility of counting $Archer Aviation (ACHR.US)$ as a long term capital gain this year. (Oops. ~;-)
Dan’l OP BelleWeather : Confused by today’s second run… did $Archer Aviation (ACHR.US)$ start production? Did they decide against potential dilution, or announce some way to accelerate profitability?
OoOor… did I just get it wrong? Oh, no; that couldn’t possibly be right ~;-)
BelleWeather Dan’l OP : Oh no! I mean. I dance with that with writing calls, but can roll. What do you mean you’ve given up LTCG?
BelleWeather : Hey, sweet, talk to me. I think selling options may be a possibly profitable sideline for you. Gives some time in the vagaries of the market.
(Though admittedly, I’m quite new to it, and only able bc speculation through buying them worked out last year.)
Dan’l OP BelleWeather : I had ACHR set aside days before earnings call, and started day/swing trading it again, and then? I had it set aside as of 12/29, and… started again.
Not only that? I missed my buybacks, on ACHR, TSLA, TSLL… the chickens were all just fine (so was Elly May ~;-)
And, yes, I do need to get back to trading options, once the smoke clears. (LEAPS would be a new thing to me.)
BelleWeather : Don’t need LEAPS just yet. Just, let’s talk. You’ve shares. I personally think there is a better way.
I’m so jealous of your chickens! (And miss my woods.) God Bless Ellie May!
BelleWeather Dan’l OP : You’ll be ok.
10baggerbamm BelleWeather : why would you write a leap on a growth stock that has moved more than the premium that you can receive going out 2 years. if you go out two years in writing and add on the money leap you're going to make five bucks okay you say divide that by two that's two years I'm making 24 and a half percent a year that's great but if the stock falls it's all time value for you to buy that leap back which is a big spread between the bed and offer even if you get filled in the spread in between you're not making anything so the common stock falls by $3 you're going to make 50 cents on find the contract back that's counterproductive that makes absolutely no sense by writing a leap
BelleWeather 10baggerbamm : I write against LEAPS that are currently deep ITM. To capture the extrinsic btw now and 2026/27.
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