Recent content by GoogTgt

Agree. No other broker can get close to IB's margin rates. That is why I stuck with them for 10 years when the rates were too low. Now at 5.6% IB rate, it is the best but still too much for me as I got used to borrowing under 3%. So I'm not borrowing much these days. RH has a gold program that...

Wow....I wasn't aware of this Fidelity Rewards plus program. This is exactly what I am looking for. And they do offer portfolio margin. But they only waive commission for the first 100k contracts, which I'm going to easily exceed in 5 months. I'll reach out to them. Thanks much.

Portfolio margin is a must for me as that lets me leverage almost 6x when needed without getting a margin call.

Well, 6m isn't guaranteed as gains are not linear. What if I made 0% by year end but ended up paying 200k in commissions? Is Robinhood that bad? Sure they don't have a rep I can call whenever I want but last I never had to call IB either last year.

I have been trading with Interactive Brokers since 2013 but lately I've been trading a lot of options and paying a fortune in commissions. I made 500k in gains this year so far but also paid 20k in commissions. Thats 20k for just 2 months of trading. So I'm guessing I'll be paying almost 240k in...

Yes, I got that BBBY is going to $100. If that does happen, I will only loose 100k as I only sold 10 calls. That is fine with me as made much bigger profits last year and 100k is small fraction of my portfolio. Infact I am hoping that BBBY does soar above $100 so it can issue stock and save...

Why would anyone give up the time value of 2 years and exercise? Just curious.

I am going to hedge the calls by buying a Jan 2025 $15 call which is like $.29 since you guys are strongly suggesting against naked calls. So my loss is capped at $13k which l can live with. If I lose 13k so be it, I'll take my chances.

I can just buy the calls back when calls goes to 0 when BBBY files for bankruptcy right, instead of waiting for 2 years?

I have been selling naked options since the meme stock mania. I sell far out of money(like 300% out of money) calls. Made 300k last year from selling weekly calls on GME, AMC and BBBY. But this is my first time selling calls in the money calls on a company that is about to go bankrupt. I like to...

I'm aware of the risk. It's less than .5% of me portfolio. It just feels good to take easy money from the wsb crowd.

I sold $0.5 Jan 2025 BBBY naked calls. What happens to those naked calls if BBBY files for bankruptcy? Does their value become 0 and my maintenance margin go down or do they stay in my account till expiration, holding on to maintenance margin?

Hey shitforbrains, isn't it obvious for you now why I didn't sell 10 naked calls this morning.