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  1. W

    Bito dividend

    TSLY price seems to track TSLA price, but shouldn't it perform better in a TSLA downtrend, and worse in an uptrend since they are selling call options and capping gains? I would be a buyer at these levels if I was sure it will track up with a TSLA recovery as it did in July 2023/2024...but if...
  2. W

    Advice to all newbies

    Why does a little pop up appear then? I think it will notify you of a reply...but not sure how it is different than the notification you get anyway when somebody replies to a topic you have replied in...
  3. W

    Advice to all newbies

    I was explaining how what @Drawdown Addict posted was NOT an example of irony but I misread it. However he wasn't technically replying to the subject matter...was just announcing that he was not going to partake in the conversation...although he did form an opinion of it being crap so...yeah...
  4. W

    Selling itm (covered) calls the same as shorting the stock?

    Didn't you just trade a 1/2/1 MARA fly :) Anyway, it's a good idea. Of course, brokers aren't known for coming up with good ideas... I literally had to point out that my brokers p&l chart was broken for spreads. How does that go unnoticed ? I think me and you P are part of the few who actually...
  5. W

    Selling itm (covered) calls the same as shorting the stock?

    What the difference between doing three separate orders and stacking one single order? Every leg of the order should be filled seperately and then the broker should figure out where everything goes.
  6. W

    Bito dividend

    I was using the on that calculator to get their dividend payout. But anyway devil is in the details. Apparently the problem with these funds is the nav erosion. Basically you could almost mimic what they're doing by putting $100,000 into Tesla and then paying yourself 5% every month out of that...
  7. W

    Advice to all newbies

    So @Drawdown Addict is saying he doesn't need to be bored to reply to this crap. What's the irony? It's a clumsy statement because he's saying that while all of you have to be bored to find time to reply to this crap. He on the other hand does not have to be bored which implies he enjoys...
  8. W

    Advice to all newbies

    Should have just learned Elliot wave.
  9. W

    Selling itm (covered) calls the same as shorting the stock?

    Totally...what if my power cuts out or something? I don't ever leave anything to chance. Speaking of leaving things to chance...why isn't there a checkbox when selling short spreads to close @ expiry if short strike is itm or something. On tos you could put a conditional order to close an option...
  10. W

    Supports, Resistances, and Doji

    Too late for that lol...I'm not a punter who projects price AFTER the fact... I should have recognized a wychoff accumulation pattern developing back around the ST level. I was just sharing it because look how closely it matches the actual price action. :)
  11. W

    Supports, Resistances, and Doji

    Those "support and resistance lines" are completely arbitrary just to fit your narrative. This is what your chart needs to look like BEFORE not AFTER.
  12. W

    Bito dividend

    Are you kidding me on 100K????!!! I don't care what the CAGR is with those returns! What's the catch? 100k in TSLY a year or so ago would now only be worth 30k...but you have received about $113,329.19K in dividends...is that the catch? Volatility? I believe the are selling PMCC's...
  13. W

    Selling itm (covered) calls the same as shorting the stock?

    I should be able to do a call ratio spread for a credit if not a small debit better known as stock repair strategy. I'll try some different combinations.
  14. W

    Selling itm (covered) calls the same as shorting the stock?

    Ohhh! Converting not just buying a vertical spread. Ok I will look at this. Thanks for the explanation. I'm actually on the IBKR desktop, not the portal. I have used the strategy builder...actually I think they have a roll option if you right click on the position in the portfolio page. :)
  15. W

    Bito dividend

    Yes as I understand it BITO/BITI are futures so have backwardation and contago stuff which nobody understands...or swaps. :) IBIT holds bitcoin so should track better.
  16. W

    Selling itm (covered) calls the same as shorting the stock?

    I have no idea how to roll stocks on IBKR desktop portal, or my broker...only on tos. So I am entering that as a $3400 debit? The problem is even if no extrinsic value, I could still lose intrinsic value if things continue down.
  17. W

    Bito dividend

    So bito pays 1.61 per share per month??? So 1000 shares is $1600 per month? https://stockanalysis.com/etf/bito/dividend/
  18. W

    Selling itm (covered) calls the same as shorting the stock?

    Yes because I didn't follow my system... Seemed counter intuitive letting shares get called away below the strike you got assigned at, but the math checks out. Anyway, the best way to fix a down position is to throw more money at it, which I don't have right now. Unless they're going bankrupt...
  19. W

    Selling itm (covered) calls the same as shorting the stock?

    You're considering both positions as a tandem. When I look at them as completely separate entities for pnl purposes. I'm not concerned about missing out on downside profits that are never going to materialize, nor am I concerned about downside loss because it's a long-term hold... and I'm not...
  20. W

    Selling itm (covered) calls the same as shorting the stock?

    I'm also down on GME... Actually my break even on MARA is 18.31. However, these weren't TA trades. It was my Hulk system of selling atm money puts then turning around and selling atm calls... Basically a premium collecting machine. You said that you're not going to overcome large drawdowns...
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