I was wrong about selling covered calls in MSTR. Just kidding. Orange Pill Investor ep 127.
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- Опубликовано: 31 май 2024
- I was wrong about selling covered calls in MSTR.
Just kidding.
The best part about selling options is never having to admit you were wrong because you can just roll until you're right.
Seriously though, is my strategy invalidated because I limited my upside (biggly)?
If you are open minded, and this goes for ANY subject, then you have to be willing and able to answer the question:
"What are my falsification criteria?"
What facts must I accept have invalidated my thought or belief?
Mine are when I can no longer continue to sell covered calls to generate enough profit to purchase additional assets that also create more profit. When I can no longer execute my "critical mass" strategy.
And when the people hodling SPY in a bull market are making more than me. Or in a bear market losing less than me.
That's when I'll stop selling covered calls.
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Orange Pill Investor ep 127.
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Also, I think people who complain about "limited your upside" often are people who ignore their downside. If you can implement this strategy and get 2% per month, then you are doing very well in the financial markets. 24% per year is phenomenal. So, a 1% per week strategy, if attainable is powerful...
Exactly! 💪
Thx for presenting your strategy. Im implementing it myself, except I dont own any shares of anything yet. I figured I could sell 2 Puts for Intel @ 30.5 strike (which I did on this monday 5/13) . I collected $34 per put, which was 1.1% - I figured I could get put the shares, at a historic low price or collect the premium. I think instead, I should have just bought the shares - I dont know. However, I dont see intel going 10x - its been ranging for a long time. Anyway, it seems a safe way to learn to collect premium. thx !
Outstanding Anthem! I do this on any asset I like enough to hold.
Michael Saylor said you buy an asset when it's
1. Disrupting
2. The clear winner
Think Apple with iPhone and Netflix with digital video disrupting Nokia and BlackBerry and blockbuster.
NFA, but the assets that check those boxes for me are Bitcoin derivatives and TSLA. So mining stocks like MARA, RIOT, HUT. Bitcoin is the disrupter, not the miners themselves, but they should benefit from bitcoin's dominance.
@@NithusezniSezni Class is in session. Thank you for your passion.
@@AnthemDrums 💪
I like the strategy but still didn't think it's the right move with MSTR. Trading 3x for 52% doesn't make sense to me. Of course, I'm priced out of doing covered calls anyway 😂
Works better with your hedges like LEAPS though, don't think you went into that too much this video.
PS I'm looking forward to the new mic!
Probably right, and I think I'm under hedged too. I estimated that id need about 3 LEAPS per cc to be fully protected from a move to 2k MSTR in one week.
@@timshimmin7765 dang, not the first to mention it! Thanks for reminding me. My son is into all that stuff so I'll have him shop me one.
You have any thoughts on ITM covered calls (i mainly use MARA).
I don't see it very useful. If I was that bearish on the stock I'd prob just sell it.
@@NithusezniSezni I was looking at mara you can do a itm covered call for a little over 3% max profit but looks interesting for the 75 to 80% chance of profit. I was thinking that maybe when a stock is in it's lower range of a channel etc like mara is now it might be useful. I might give it a shot and report my findings. Just trying to see what sticks.