(01-12-2022, 03:16 PM)ken-do-nim Wrote:I wanted ABNB as well but I knew the initial spike at IPO was a little much and it almost always pays to wait. Then the Covid drama. They are also entering long-term rentals now which allows guests to negotiate rates down so that part is lower margin. I won't pretend to understand how it all plays out but the brand is VERY valuable. Option premiums are good on the other side as well so I can sell calls way out while it finds it's footing. Profitable enough and not going away. It's my only re-opening play (if assigned shares at 155) other than TXRH. I want no part of airlines and cruise lines with dumpster fire balance sheets from Covid.(01-12-2022, 10:21 AM)stockguru Wrote:(01-12-2022, 10:08 AM)ken-do-nim Wrote: Just read this article: https://www.nasdaq.com/articles/5-unstop...uy-in-2022 and found it interesting. Liquidated 2 shares of ASML so I could get 1 share each of the tickers mentioned in the article: NVDA, U, FB, ADBE, MTTR as watch positions. Plus I added 1 share each of TTD and UPST.
So is that how you buy your stocks? Take advice from articles. And here I thought you made your own choices
I uh, err, um, don't know how to respond to that
(01-12-2022, 03:04 PM)fenders53 Wrote: Well this is about as bold as I usually get in one day. I've seriously been waiting 2-4 months for some stocks to dip hard and stabilize so I can make them longer term holds and fairly large positions. I know many here don't understand how selling puts works but I committed to the potential purchases of 100 shares of each if they hit my price. They are actually pretty easy to roll forward but I think I am good with these prices.
GNRC Strike 300
ENPH Strike 140
ABNB Strike 155
Received over $2000 cash so I'll find something boring with a dividend to add shares to soon. This is really just my way of bumping my dividend for short-term exposure. They all expire in 2-5 weeks. $59,500 doesn't get you anything close to $2K in DGI dividends per month.
In 2021 I had originally planned to make ABNB a core position, figuring once covid subsided it would take off. Now it seems like covid is never-ending. Not sure anybody wants to rent their homes out anymore.
And this is how I buy almost all my stocks unless I am nibbling small amounts of shares. I pick my desired entry price and contract end date. Usually a month or less. I get paid cash immediately for my risk whether I get the shares or not. On average I get 1-3% for a month. It usually takes 2-4 attempts to get assigned so I'm just collecting income. Market gets slammed I own them in one attempt. It's not unheard of I do this ten times on a ticker and never own any shares. Downside? My broker is holding $59,500 collateral while contracts are open. I can't buy any SOXL with that money this month. If GNRC drops to 280 I am still paying 300, but if I bought it today it's 320. That make any sense at all?