What Did You Buy Today?

[Otter]

(03-30-2021, 12:54 PM)crimsonghost747 Wrote: Regarding all this ARKX talk.
It's a lovely idea. Space is indeed one of the next big things.
But as already stated, this fund has very little space exposure. Then again it's hard to truly get space exposure with publicly listed companies. UFO (another etf) does a decent job of trying but they are heavily weighted into the satellite communications side of it.

I have yet to find a great way to play this space thing. I have LHX, LMT and Airbus in my portfolio, LHX does have quite a bit of space related stuff but for the other two it's a small business so far. NSH (merging with Spire Global) might be another one I want to add... but regular SPAC stuff here: great plans and it all sounds good but we have yet to see the revenue really start to come in.

SpaceX would be the number one company in this sector for decades to come. Unfortunately it doesn't look like it'll be going public anytime soon. Elon previously said something along the lines of: we will go public once we have scheduled flights to Mars. That won't be tomorrow, or even next week.

I suspect SpaceX will go public once Starship has been proven reliable. They will completely dominate the launch market at that point, and can raise so much money off an IPO that spending a couple hundred million to send a Starship to Mars won't even register as a blip on analysts' radar. Coincidentally, Starship being reliable is what will make a SpaceX mission to Mars possible.

[fenders53]

(03-30-2021, 01:00 PM)Otter Wrote: 83% of put options expire worthless.

75% of call options expire worthless.

Selling these instruments in a way that mitigates risk (covered calls and cash-secured puts) can be very lucrative. I am a Theta Gang convert.

That is why I sell puts.  It takes awhile to find your groove.  I definitely feel left out when you guys are scoring thousands on a trade.  I'm left grabbing fifties or maybe $300 if I am lucky on on a single option contract.  The win % makes it worth it because I do it in volume spread out over too many stocks. and I am rarely worried I am going to get wrecked if the market turns on me for a week.  

Learning when to get a little aggressive on the long side makes it even better.  I'll get left in the dust when the spec stocks turn higher and I'm just selling puts.

[Otter]

(03-30-2021, 01:32 PM)fenders53 Wrote:

(03-30-2021, 01:00 PM)Otter Wrote: 83% of put options expire worthless.

75% of call options expire worthless.

Selling these instruments in a way that mitigates risk (covered calls and cash-secured puts) can be very lucrative. I am a Theta Gang convert.

That is why I sell puts.  It takes awhile to find your groove.  I definitely feel left out when you guys are scoring thousands on a trade.  I'm left grabbing fifties or maybe $300 if I am lucky on on a single option contract.  The win % makes it worth it because I do it in volume spread out over too many stocks. and I am rarely worried I am going to get wrecked if the market turns on me for a week.  

Learning when to get a little aggressive on the long side makes it even better.  I'll get left in the dust when the spec stocks turn higher and I'm just selling puts.

Sell LEAP Puts on meme stonks with sky-high premiums.

[fenders53]

(03-30-2021, 01:37 PM)Otter Wrote:

(03-30-2021, 01:32 PM)fenders53 Wrote:

(03-30-2021, 01:00 PM)Otter Wrote: 83% of put options expire worthless.

75% of call options expire worthless.

Selling these instruments in a way that mitigates risk (covered calls and cash-secured puts) can be very lucrative. I am a Theta Gang convert.

That is why I sell puts.  It takes awhile to find your groove.  I definitely feel left out when you guys are scoring thousands on a trade.  I'm left grabbing fifties or maybe $300 if I am lucky on on a single option contract.  The win % makes it worth it because I do it in volume spread out over too many stocks. and I am rarely worried I am going to get wrecked if the market turns on me for a week.  

Learning when to get a little aggressive on the long side makes it even better.  I'll get left in the dust when the spec stocks turn higher and I'm just selling puts.

Sell LEAP Puts on meme stonks with sky-high premiums.

That thought has crossed my mind lately.  It would be even better now because I could get picky and insist on companies likely to make some profits by next year.  I would prefer VIX be a little higher and I probably won't have to wait too long for that considering how low VIX is vs last few years.  VIX isn't actually historically low now, but it is compared to most of the past two years on average.

[Otter]

Selling long-dated puts has also given me some appreciation for how the market estimates long-term price expectations. PLTR was over $25 a share when I sold 1/21/22 $25 strike Puts. Today, with PLTR more than 10% lower than when I sold those puts, I only missed out on an additional 1.2% in premium by selling a month ago. Clearly, the expectation is not for sustained or long-term declines.

[divmenow]

Added 3 new positions today. KL, SLV and RIO

Yes It's a theme lol. I feel as though gold, silver and mining stocks are way over sold and don't mind buying those here. There's always a buy somewhere lol

buying at pre-pandemic levels nice

I have seen oil, retail and restaurants all recover and hit new highs. Maybe miners will be next haha!!

[Otter]

(03-30-2021, 02:29 PM)divmenow Wrote: Added 3 new positions today. KL, SLV and RIO

Yes It's a theme lol. I feel as though gold, silver and mining stocks are way over sold and don't mind buying those here. There's always a buy somewhere lol

buying at pre-pandemic levels nice

I have seen oil, retail and restaurants all recover and hit new highs. Maybe miners will be next haha!!

If FCX doubles from here, they can top the previous highs of a decade ago. Amazing 0.9% yield with the newly reinstated dividend, too. 

So glad I sold out of LYB. Very few cyclicals on the Aristocrats list, and most of the ones that are have fairly poor dividend growth rates over long periods, because they have to stay stingy during the good times to make sure they don't go bankrupt during the bad times.

[fenders53]

(03-30-2021, 02:29 PM)divmenow Wrote: Added 3 new positions today. KL, SLV and RIO

Yes It's a theme lol. I feel as though gold, silver and mining stocks are way over sold and don't mind buying those here. There's always a buy somewhere lol

buying at pre-pandemic levels nice

I have seen oil, retail and restaurants all recover and hit new highs. Maybe miners will be next haha!!

Gold and silver should be OK here,  They haven't been following the rules though.  I've flipped 50 precious metal puts the past 9 months.  Sometimes I win and sometimes I roll it forward a few weeks.  I got the direction wrong half the time and option decay saved me.  I do have some long shares in NEM and GOLD.  They are making money hand over fist for some time now, getting closer to debt free and passing out dividends that exceed most DGI stocks.  If gold and silver prices drop 20% they are still making bank.  I'm not even trying to guess if gold spikes significantly because it probably won't soon.  But printing money and gold crashing just don't go together.  The major PM miners are cash cows for years IMO.

[divmenow]

(03-30-2021, 02:47 PM)fenders53 Wrote:

(03-30-2021, 02:29 PM)divmenow Wrote: Added 3 new positions today. KL, SLV and RIO

Yes It's a theme lol. I feel as though gold, silver and mining stocks are way over sold and don't mind buying those here. There's always a buy somewhere lol

buying at pre-pandemic levels nice

I have seen oil, retail and restaurants all recover and hit new highs. Maybe miners will be next haha!!

Gold and silver should be OK here,  They haven't been following the rules though.  I've flipped 50 precious metal puts the past 9 months.  Sometimes I win and sometimes I roll it forward a few weeks.  I got the direction wrong half the time and option decay saved me.  I do have some long shares in NEM and GOLD.  They are making money hand over fist for some time now, getting closer to debt free and passing out dividends that exceed most DGI stocks.  If gold and silver prices drop 20% they are still making bank.  I'm not even trying to guess if gold spikes significantly because it probably won't soon.  But printing money and gold crashing just don't go together.  The major PM miners are cash cows for years IMO.

That's why I won KL. They are debt free cash cow and pay a nice dividend stock for a gold stock 

I already own FCX and GOLD. In at much lower levels. Wish I owned more shares. Bought a small position and it went up too fast and never could add lol

[Otter]

I like PSLV over SLV, and have been eyeing it.

[fenders53]

(03-30-2021, 02:51 PM)divmenow Wrote:

(03-30-2021, 02:47 PM)fenders53 Wrote:

(03-30-2021, 02:29 PM)divmenow Wrote: Added 3 new positions today. KL, SLV and RIO

Yes It's a theme lol. I feel as though gold, silver and mining stocks are way over sold and don't mind buying those here. There's always a buy somewhere lol

buying at pre-pandemic levels nice

I have seen oil, retail and restaurants all recover and hit new highs. Maybe miners will be next haha!!

Gold and silver should be OK here,  They haven't been following the rules though.  I've flipped 50 precious metal puts the past 9 months.  Sometimes I win and sometimes I roll it forward a few weeks.  I got the direction wrong half the time and option decay saved me.  I do have some long shares in NEM and GOLD.  They are making money hand over fist for some time now, getting closer to debt free and passing out dividends that exceed most DGI stocks.  If gold and silver prices drop 20% they are still making bank.  I'm not even trying to guess if gold spikes significantly because it probably won't soon.  But printing money and gold crashing just don't go together.  The major PM miners are cash cows for years IMO.

That's why I won KL. They are debt free cash cow and pay a nice dividend stock for a gold stock 

I already own FCX and GOLD. In at much lower levels. Wish I owned more shares. Bought a small position and it went up too fast and never could add lol

FCX has probably done at least a 2X since I entered and sold.  Commodities are tough.  I get a 50% gain and start looking for the exit.  That's not a good strategy but if the wind blows the other direction the metal is down for years. I try to make a buck but I'm not that good at commodities. I would never suggest anyone get in too deep until they get their nose bloodied as it can be brutal.  Metals may do fine but it is way late for guaranteed cash if you just wait six months.  Still, I like our chances.  It's not the same as before as the majors have dividend money to pass while the sun is shining.

[EricL]

(03-30-2021, 08:57 AM)kblake Wrote: Hey Eric what are you thought on CRPS, EDIT, and all those crisper stocks. I know you bought a lot higher. Are you adding at these levels? Just curious

I haven't done anything. I don't have enough conviction to add more, so I'm just leaving them be and see what happens.

I have a hard time adding to highly speculative stocks that are down big. With no fundamentals to back it up it seems more gambling than investing to me.