Recent content by luckyfnlou

Great. Now I get to seem more Tesla's with California plates moving into the neighborhood. Hopefully they are cool peeps.

I think this would be way too risky in the same instrument. IRS specifically calls out substantially identical stock or securities. You could use indices that aren't subject to wash sale rules like SPX but since it's MTM I don't think it would work out as you desire. I understand what you are...

Thanks for the reply. Great that your kids have so much interest. My 18 year old is not ready yet but he is my only hope. The rest have no interest. I'll have patience... the market isn't going anywhere. How can I learn more about your October training?

Hey Dest, I think you have organize a sabatical / training getaway in the past. Do you still do that? Also, you mention sharing your skills with your kids... what age did you find they were ready?

True dat

Why don't you just trade your own money? Besides family and friends, who would pay for a part time trader?

Nice... at the heart of it all I am a divy investor too. The option selling around them is purely for the extra premium I can make.

Cool. You are right... it works for him. Different strokes for different folks.

sure, but why not sell more often to earn more premium... that is what premium sellers do and they do that buy burning theta. Ok, I will agree that 2 trades instead of 9 is easier but it does not earn as much premium.

Good luck on your trade. I sell premium around my positions but usually I'm short puts and calls via straddle or strangle. October is pretty far out. I think you will find most premium sellers prefer selling under 90 days for faster decay. I usually am looking 14-45 days out. I can't remember...

The play call in the end caused it but that is football. Odds are Brady stays in Tampa. History shows Brady has done pretty well every other year for a while now. I'm bullish on Tampa next year!

No.

remember this is ibm not IBM so its gonna disappoint. There are opportunities here but they are not as obvious as they seem. Good luck!

you could put some cheap bwb on each side of your condor but that is a bet in itself.

exactly... that is why I was laughing at this old thread. My conviction lasted about 2 weeks before I stopped this lol