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robotoole
@robotoole
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software engineer in boston. wannabe pro gamer. legitimate programmer. habitual crypto stocks and options trader
boston, ma
Joined August 2008
@8bitsteveo $Jepq can still hang but $jepi should be taken out back. It does hold up well in bear markets but it underperforms the newer funds so much in all other scenarios.
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@Mr_Grey_Lives $LFGY has a lot of crypto stocks if you want to diversify but still get crypto yield.
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@Robot553271 Only thing I'll say is don't go 50/50 on the bull/bear funds. They do not move the way you'd think. They don't always counter balance each other.
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@JoshMandell6 Do you ever buy puts for downside protection? They're expensive for strategy but peace of mind is nice. The puts are paid for with a few cycles of covered calls.
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@8bitsteveo I think it's stable and boring. Divs are low compared to what you're used to. You will have to sell calls yourself to generate some extra yield. I would go with something $divo $qdvo if you want to add in a stable cc etf or $dgro $vym if you're looking for pure dividends.
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@guolinwang I do it still but will open a credit spread or ratio spread. I should be more patient but I hate being uncovered more than rolling.
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@SilverBull15 what is your plan when you buy them? are you buying them to hedge a bullish position or is to cash in on a directional move? i buy a lot of puts but i use them very strategically to protect shares(married put) or to protect short puts (put credit spread or put ratio spread)
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@StealthQE4 Needs an excuse to turn the printers back on. They're gonna get it one way or another. Helps Elon too as lower rates means more car sales.
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@draecomino Same, letting my shares get called away on Friday. Will be getting around 82/share and already closed out all my leaps.
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@PassivePayouts depends on their strategy. daily/weekly covered call funds can do it. for monthly call sellers it doesn't make sense. you'll have some bad weeks in there waiting for premium to decay.
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@tradertravis when i read your book i backtested your strategy and it definitely works. here are two links to the backtests. 70% winrate over 10 years. this result is from end of april 2024. spy: qqq:
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i'd switch to the weeklies personally. selling 20 delta weeklies will net you 1.5-2.5% a week. same long deltas(~58), but theta is 123 vs 34. you capture premium faster but there is always the risk of $mstr doing what it does and pump way past your call. defending is fun though, it means your long call is printing. weekly: 30dte:
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