Been there...Moved everything in 401k to cash, then it went up 3% next day and everyone told me I was stupid, so went back in and it dropped 5% and then more. Sigh
You still in SQQQ? My buddies love trading them SQQQ options. I have never messed with them, I am more of a SPY or SPX guy.
You still in SQQQ? My buddies love trading them SQQQ options. I have never messed with them, I am more of a SPY or SPX guy.
On another note......any of you ever tried using options to pay for a stock in 1 year? Here is an example of my new strategy I am trying. Example.....you buy say 1000 shares of Ford stock for $12.50, you immediately sell 10 contracts of $13.50 covered calls for .25 for a $250 credit, that expire next week. Then next week, if stock does not go over $13.50, I keep the $250 and sell same calls for 2 Fridays out......continue this every week until shares are either free in 12 months.......or stock gets called away.
Worse case.......the stock falls and you are down on shares but continue to lower cost of shares by continuing to sell calls. Best case...you collect the $1000 a month for 12 months, and own the shares for free. If the stock would bounce $2 in a week.....you would probably get stock called away, but you would still collect the premium and make $1 a share profit.
I have a few stocks I am looking at doing this with......AAPL is another I am thinking of doing this with.
You all have thoughts on this?