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CecilShortsHisPants

Favorite team:New Orleans Pelicans 
Location:One Foty Fo uh uh Magnolia Screet
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Number of Posts:3771
Registered on:10/8/2012
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Not that the number 4.28 actually changes anything, but historically, this means he just boosted himself at least 3-4 rounds right?
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The EXPECTED RETURN of a covered call strategy underperforms the underlying equity in the LONG RUN


I could sell weekly covered calls WAY OTM and have a 99.99% chance of never being assigned, (if I was, great, it probably ran too far too fast and will pull back anyway) all the while collecting tiny little premiums, like $5 a week for example…

In that case, the EXPECTED RETURN of covered calls would absolutely outperform the underlying equity in the LONG RUN.
What’s the latest on Stanfield’s “minor” injury?
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2B is the easiest position to play


This is true
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When you sell a call, you’re literally selling someone else the right to your stock above the strike. If AMZN rips $20 past your strike, you don’t get that move (the call buyer does). The premium doesn’t change that.


Not true, your shares are very rarely called away pre-expiry. Youhave the ability to roll your option up and/or out if you don’t want your shares called away.

In your example, when Amazon rips, you can still capture the upside beyond your strike by rolling up. And if you go out far enough, you will likely collect more premium by doing this.
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I'm not chasing max yield here, just safe steady return typically.


This. If you’re already long on your position, why not take safe steady short premiums along the way. I wish I would have learned about this strategy much sooner
I have no less than 3 covered call options open at any given time. I would say it averages around $50-100/week, nothing crazy. For example, I have a 250 AMZN open expiring Friday. I made $20 on it at VERY low risk of being called away. (If AMZN soared to 250 in that period, I’d be happy to sell them anyway) Doesn’t sound like much, but I’m not planning on selling these long positions anyway. So why not take the premiums while I wait?
Yea, I’m gonna need an AI summary on that
Microsoft is a software company at it’s core (That’s why it’s lagging imo). They’re committed to pivoting away now. Lots of uncertainty, but if I trust anyone in the market to execute this scale of a transformation, it’s Microsoft.
Buffett, Munger, Lynch, and Burry (just to keep things honest)

Must point out that traders and investors are not the same thing though
I’m not really worried about him. If he doesn’t pull it together he just won’t pitch much this year. That’s it
I’ll spend time in prison before paying taxes on unrealized gains.
Absolutely. I think it will be sooner rather than later, . But I won’t try to time it. For that reason, I’m in mostly large, established companies with strong balance sheets.
“The market can remain irrational longer than you can remain solvent.”

My Salesforce shares are down 5% today because Benioff made an ICE joke at an event yesterday. :lol:
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CRM $266 ADBE $354


Still a long way to go, but so far.. Oof

re: AMD running again

Posted by CecilShortsHisPants on 2/3/26 at 1:54 pm to
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thinking this time may be different....we'll see
. I sure hope you’re right, almost time to find out. :popcorn:

ETA: Nope, same old story, double beat and raise. Down 5%
Short term? Not really

Long term? Absolutely
I’m staring this down:

$31,500 standard deduction
+$23,500 401k deduction
+$19,650 overtime tax deduction (yes, this is the premium portion only)
=$74,650 in total deductions.

+$4,400 child tax credit (x2)

This will be our first refund in a while, and it should be a doozy. :nana:

ETA: Edited to correct the credit/deduction mistake
I added ADBE recently. I think the AI disruption fear is way overblown, especially for a mature company with such a strong balance sheet. They’re buying back a ton of shares at 5 year lows too. This stock’s rebound just feels ripe.