Row 50749

Row ID: 50749 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 50749 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I have a ton of NVDA. I just increased my pool a bit ago. I write covered calls with that and make a stupid amount of money. Just a month and repeat. Longer durations aren’t worth the risk of exercise as you get incrementally less $ as you extend expiration. But again, it takes up more time and can be a hassle. But I really can’t stress how much money it is to basically set 10 or 15% higher and collect fees.

I got a bunch of stocks and it’s not generally worth it to set up covered calls for them because it’s just… Not enough money. The volatility isn’t there in most cases, the name recognition isn’t there, the popularity isn’t there. I haven’t seen a stock like Nvidia, in terms of viability for covered calls, in a long time. Just look it up.

OK, I did it for you. One NVDA call, +10% strike based on today’s price, expiring 30 days from now, will get you about $2500 right now. Do that 12 times a year and it’s $30,000 a year using about $95,000 of capital—which I admit, might be a lot to some ppl. But that’s 31% return for…nothing. If you wanna be lazy, you could put in an expiration of December, 25% strike price, and get about 6500 bucks. It’s truly excellent.

I have some call options I gamble with, mostly high tech.

I have some ETFs I’d had for years and years. VGT and VOO are two favorites of mine. I think I just liquidated VYM which I’ve had for a long, long time. And I just kind of realized that this has been a dog for ages. It’s not bad, it’s just woefully underperforming. I had it because of momentum and a weird kind of loyalty. Not great reasons.

My risk tolerance is WAY higher than most ppls. Not to dox myself too much, but I have no responsibilities and I’m incredibly sick. “I could lose money??? Oh, no! Well, I guess it’s not so bad considering I’m dying.” But, again, that’s me.

It’s incredibly rare for me to short or write puts. I’ve done it on Tesla and DJT and a few others. Most of which were no-brainers. But it’s kind of outside my comfort level for some reason. So it’s outside my comfort and that’s good enough reason for me to not do it.

I avoid industries I don’t understand. I avoid commodities and heavy govt regulated/controlled industries. And I almost entirely avoid non-US. There just isn’t the oversight in other countries. And they almost always do WAY worse than US counterparts. I just don’t know if some mining company in Peru is going to be taken over by the government, or is some pet project of some petty dictator. There’s a lot of worries about US companies, but they aren’t worries like that. Is China going to kidnap and reeducate your CEO? I don’t want to worry about that.

But my philosophy is make money and have fun.

FieldValue
text I have a ton of NVDA. I just increased my pool a bit ago. I write covered calls with that and make a stupid amount of money. Just a month and repeat. Longer durations aren’t worth the risk of exercise as you get incrementally less $ as you extend expiration. But again, it takes up more time and can be a hassle. But I really can’t stress how much money it is to basically set 10 or 15% higher and collect fees. I got a bunch of stocks and it’s not generally worth it to set up covered calls for the…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9pRFNJcDlQX05PM2o0MkJfQjhZQXc4VUNxVzZwUlJqaXNObHhqQ0YyWlpmOHhzSXZiWlVzM1A0WkdkV1dVUFRzYTM4dzhmYzcyek1lb1MtanU0eS1FOTdJcUVFU1BCUDVxNVpTTFkwZjhmcjg3U2toMTZCb2Eya25wYmRYclAwQzkzWTQ0NUY0RU5Mb0pFX3BZT3FXNTdaajFUZjlQdG9KOERGQ3NvTWkzUDh6NDhHSElBY3ZGeWpTU1o3RHEtNUtodFJocFU1RXRiNFItbkU4N1RzQmp4Zz09

Raw Record

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  "text": "I have a ton of NVDA. I just increased my pool a bit ago. I write covered calls with that and make a stupid amount of money. Just a month and repeat. Longer durations aren’t worth the risk of exercise as you get incrementally less $ as you extend expiration. But again, it takes up more time and can be a hassle. But I really can’t stress how much money it is to basically set 10 or 15% higher and collect fees.\n\nI got a bunch of stocks and it’s not generally worth it to set up covered calls for them because it’s just… Not enough money. The volatility isn’t there in most cases, the name recognition isn’t there, the popularity isn’t there. I haven’t seen a stock like Nvidia, in terms of viability for covered calls, in a long time. Just look it up.\n\nOK, I did it for you. One NVDA call, +10% strike based on today’s price, expiring 30 days from now, will get you about $2500 right now. Do that 12 times a year and it’s $30,000 a year using about $95,000 of capital—which I admit, might be a lot to some ppl. But that’s 31% return for…nothing. If you wanna be lazy, you could put in an expiration of December, 25% strike price, and get about 6500 bucks. It’s truly excellent.\n\nI have some call options I gamble with, mostly high tech.\n\nI have some ETFs I’d had for years and years. VGT and VOO are two favorites of mine. I think I just liquidated VYM which I’ve had for a long, long time. And I just kind of realized that this has been a dog for ages. It’s not bad, it’s just woefully underperforming. I had it because of momentum and a weird kind of loyalty. Not great reasons.\n\nMy risk tolerance is WAY higher than most ppls. Not to dox myself too much, but I have no responsibilities and I’m incredibly sick. “I could lose money??? Oh, no! Well, I guess it’s not so bad considering I’m dying.” But, again, that’s me.\n\nIt’s incredibly rare for me to short or write puts. I’ve done it on Tesla and DJT and a few others. Most of which were no-brainers. But it’s kind of outside my comfort level for some reason. So it’s outside my comfort and that’s good enough reason for me to not do it.\n\nI avoid industries I don’t understand. I avoid commodities and heavy govt regulated/controlled industries. And I almost entirely avoid non-US. There just isn’t the oversight in other countries. And they almost always do WAY worse than US counterparts. I just don’t know if some mining company in Peru is going to be taken over by the government, or is some pet project of some petty dictator. There’s a lot of worries about US companies, but they aren’t worries like that. Is China going to kidnap and reeducate your CEO? I don’t want to worry about that.\n\nBut my philosophy is make money and have fun.",
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  "datetime": "2024-05-22",
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