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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my cellphone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my pc for monetary websites
…….
This does not clear up all the pieces however reduces temptation to tinker.
Kudos to you for taking these vital steps.
I imagine that CNBC is a usually destructive affect on society. Going “chilly turkey” and withdrawing from that could be a constructive step.
Please maintain us up to date in your progress.
Finest to you.
Retired life insurance coverage firm monetary govt who sincerely believes that ”It’s a GREAT day to be alive!”
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
[snip…]Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my cellphone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my pc for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I alter my threat to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll maintain $300k Money in Brokerage to fund annual spend and can solely have to login to rebalance
This does not clear up all the pieces however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
When one of many fairness principals of my previous consulting agency retired, they went radio silent for the primary 12 months. Stated they’d witnessed too many others by no means absolutely retire and ended up having the worst of each worlds. These ppl could not take pleasure in retirement bc ppl saved reaching out randomly, and did not benefit from the work once they did attain bc it was at all times a disaster.
They appeared to take pleasure in retirement greater than the others I knew that semi-retired.
A clear break for at the very least a set interval may most likely allow you to too. Absolutely take pleasure in a few of these features together with your spouse and youngsters whereas they’re setting off to school and stay within the second with them for a bit. After a blackout interval from at all times serious about investments, you might discover that your investing urge for food has modified.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
FYI, I did a “Purchase to Shut” on my NVDL 9/6/24 $66.5 Requires $0.10. The Name has already captured 90% of worth so I closed them out. I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.I’ve been doing a little serious about what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private progress. Mockingly, it additionally will come in useful for our BH vs Dealer dialogue.
In the end, what many consider will energy is extra a product of atmosphere.
Instance: Whereas there are various distinction between a match particular person and an chubby particular person. Surroundings performs an outsized function. Match individuals sometimes do not have a kitchen or residence stuffed with cookies, potatoes chips and different junk meals. They have an inclination to have extra wholesome meals round and maintain themselves in wholesome environments. Subsequently it would not take quite a lot of additional will energy as they’re much less more likely to be put in a scenario to determine if I’m going to eat that donut.
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my cellphone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my pc for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I alter my threat to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll maintain $300k Money in Brokerage to fund annual spend and can solely have to login to rebalance
This does not clear up all the pieces however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
Out of your message Iam unsure whether or not you closed your NVDL place or not?
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
FYI, I did a “Purchase to Shut” on my NVDL 9/6/24 $66.5 Requires $0.10. The Name has already captured 90% of worth so I closed them out. I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.I’ve been doing a little serious about what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private progress. Mockingly, it additionally will come in useful for our BH vs Dealer dialogue.
In the end, what many consider will energy is extra a product of atmosphere.
Instance: Whereas there are various distinction between a match particular person and an chubby particular person. Surroundings performs an outsized function. Match individuals sometimes do not have a kitchen or residence stuffed with cookies, potatoes chips and different junk meals. They have an inclination to have extra wholesome meals round and maintain themselves in wholesome environments. Subsequently it would not take quite a lot of additional will energy as they’re much less more likely to be put in a scenario to determine if I’m going to eat that donut.
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my cellphone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my pc for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I alter my threat to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll maintain $300k Money in Brokerage to fund annual spend and can solely have to login to rebalance
This does not clear up all the pieces however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
As at all times, thanks for the replace. It’s clever of you to grasp your self and realized it’s best to go chilly turkey. Please maintain posting your progress. We’re all rooting to your success.
Since you intend on holding a lot money, are you getting curiosity on that cash? Presently you will get a max of 5% from that money if held in a cash market fund. Constancy for instance has a money administration account the place you will get nearly 5% and use that account to pay all of your payments identical to a financial institution. Constancy will mechanically promote you funds as wanted to pay these payments. It’s a straightforward approach to get $15k out of your investments. Perhaps $15k isn’t a giant deal contemplating the swings you’re used to, however nonetheless $15k will purchase a really good trip some the place.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
invest2bfree wrote: ↑Tue Sep 03, 2024 2:49 pmroguewarrior0 wrote: ↑Tue Sep 03, 2024 12:17 pm
FYI, I did a “Purchase to Shut” on my NVDL 9/6/24 $66.5 Requires $0.10. The Name has already captured 90% of worth so I closed them out. I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.I’ve been doing a little serious about what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private progress. Mockingly, it additionally will come in useful for our BH vs Dealer dialogue.
In the end, what many consider will energy is extra a product of atmosphere.
Instance: Whereas there are various distinction between a match particular person and an chubby particular person. Surroundings performs an outsized function. Match individuals sometimes do not have a kitchen or residence stuffed with cookies, potatoes chips and different junk meals. They have an inclination to have extra wholesome meals round and maintain themselves in wholesome environments. Subsequently it would not take quite a lot of additional will energy as they’re much less more likely to be put in a scenario to determine if I’m going to eat that donut.
Utilizing that very same logic, I’ve determined that not buying and selling even in a play account makes extra sense. So I plan on doing the next:
- Uninstall Monetary Apps from my cellphone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my pc for monetary websites
- I’m going to shut out my NVDA LEAPS as effectively by changing them to Unfold with a $1 hole. I personal 12/18/26 NVDA $65 Calls. So I’ll “Promote to Open” 12/18/26 NVDA $66 Calls to get my money out of them. I alter my threat to $0.50 or $7,000k and I get to defer paying the taxes till April, 2027. I can take the money and make investments it in VTI.
- I’ll maintain $300k Money in Brokerage to fund annual spend and can solely have to login to rebalance
This does not clear up all the pieces however reduces temptation to tinker.
Subsequent Step: I’ll promote additional Calls on Monday (9/9/24) or when NVDA is again to $120, whichever is first.
Out of your message Iam unsure whether or not you closed your NVDL place or not?
its about 20% nearer by itself to “closed for good” after immediately.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST”
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
.
The decision premiums would possibly cushion a number of the losses, however looks as if the OP may need misplaced some severe $$$. Hopefully they had been capable of shut out the positions earlier within the day.
“Purchase-and-hold, long-term, all-market-index methods, applied at rock-bottom price, are the surest of all routes to the buildup of wealth” – John C. Bogle
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
OP are you ready to revisit my posts from earlier about having an exit technique if the inventory would not go up and by no means reaches your name strike? Are you ready to revisit my posts about the way it was outright playing to make this transfer within the first place? About how you did not have any actual threat earlier than this together with your low withdrawal charge and simply needed an excuse to gamble? About how it’s best to shut your NVDA and get counseling since your withdawal charge was clearly completely protected?
Or are you going to maintain ignoring these and discover a justification to maintain playing?
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
bongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x day by day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL shall be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. The truth is, there could be a worth decay when held over lengthy intervals of time, regardless of how the underlying performs.
Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for just some months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra price of worth decay on account of day by day rebalancing.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
You could possibly dump all of it and by no means have a look at the value of NVDA or NVDL ever once more. That’s most likely what I’d do. An excessive amount of draw back threat to gamble on a bounce again up.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
Firemenot wrote: ↑Tue Sep 03, 2024 4:51 pm
Powerful name what to do after immediately. You continue to have an ideal portfolio worth and many to stay a pleasant retirement. You’re dwelling with a loopy quantity of threat together with your portfolio. As you effectively know, NVDA is very unstable and will effectively bounce proper again because it has achieved a number of occasions this 12 months. But when it retains falling, and with you being so extremely levered . . . You’ve bought a troublesome option to make, in the event you haven’t made it already.You could possibly dump all of it and by no means have a look at the value of NVDA or NVDL ever once more. That’s most likely what I’d do. An excessive amount of draw back threat to gamble on a bounce again up.
I am sorry however how is that this a troublesome name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm robust name between two choices, put it into index funds or on the 2X leveraged meme inventory ETF”.
As with all issues, by no means bias in direction of the present state of affairs simply because it is the present state. When individuals come right here and ask “what do I do with this land I inherited” the primary query is “in the event you had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There is no tax concern as a result of he misplaced cash not gained, so he would not want to fret about slowly unwinding to reduce taxes.
The one logical possibility is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give individuals once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an possibility.
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
Scorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pmbongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x day by day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL shall be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. The truth is, there could be a worth decay when held over lengthy intervals of time, regardless of how the underlying performs.Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for just some months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra price of worth decay on account of day by day rebalancing.
To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST”
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
bgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pmbongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x day by day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL shall be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. The truth is, there could be a worth decay when held over lengthy intervals of time, regardless of how the underlying performs.Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for just some months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra price of worth decay on account of day by day rebalancing.
To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
Not likely. These intervals shall be vastly rarer and shorter as a result of drag on the underlying funding and the expense ratio. Over the medium to long run it is assured to return lower than 2X. Over the very long run it is more likely to return lower than the underlying funding even when the underlying is up.
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
cvoege wrote: ↑Tue Sep 03, 2024 5:08 pmFiremenot wrote: ↑Tue Sep 03, 2024 4:51 pm
Powerful name what to do after immediately. You continue to have an ideal portfolio worth and many to stay a pleasant retirement. You’re dwelling with a loopy quantity of threat together with your portfolio. As you effectively know, NVDA is very unstable and will effectively bounce proper again because it has achieved a number of occasions this 12 months. But when it retains falling, and with you being so extremely levered . . . You’ve bought a troublesome option to make, in the event you haven’t made it already.You could possibly dump all of it and by no means have a look at the value of NVDA or NVDL ever once more. That’s most likely what I’d do. An excessive amount of draw back threat to gamble on a bounce again up.
I am sorry however how is that this a troublesome name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm robust name between two choices, put it into index funds or on the 2X leveraged meme inventory ETF”.
As with all issues, by no means bias in direction of the present state of affairs simply because it is the present state. When individuals come right here and ask “what do I do with this land I inherited” the primary query is “in the event you had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There is no tax concern as a result of he misplaced cash not gained, so he would not want to fret about slowly unwinding to reduce taxes.
The one logical possibility is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give individuals once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an possibility.
I completely agree together with your factors. I used to be coming at it from a psychological standpoint. And he’s married too. He simply noticed effectively over one million {dollars} vaporize immediately. And I imagine his portfolio is minimize in half now roughly from it’s all-time excessive. A lot with investing is about remorse and remorse minimization. Let’s say he liquidated all of it immediately and a month from now it’s again at all-time-highs. Powerful psychology to cope with. (And I notice anchoring to the previous worth is a significant investing sin.)
I can’t deal with all of that. So I simply keep invested in broad index funds and let what occurs, occur.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
Firemenot wrote: ↑Tue Sep 03, 2024 5:19 pmcvoege wrote: ↑Tue Sep 03, 2024 5:08 pmFiremenot wrote: ↑Tue Sep 03, 2024 4:51 pm
Powerful name what to do after immediately. You continue to have an ideal portfolio worth and many to stay a pleasant retirement. You’re dwelling with a loopy quantity of threat together with your portfolio. As you effectively know, NVDA is very unstable and will effectively bounce proper again because it has achieved a number of occasions this 12 months. But when it retains falling, and with you being so extremely levered . . . You’ve bought a troublesome option to make, in the event you haven’t made it already.You could possibly dump all of it and by no means have a look at the value of NVDA or NVDL ever once more. That’s most likely what I’d do. An excessive amount of draw back threat to gamble on a bounce again up.
I am sorry however how is that this a troublesome name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm robust name between two choices, put it into index funds or on the 2X leveraged meme inventory ETF”.
As with all issues, by no means bias in direction of the present state of affairs simply because it is the present state. When individuals come right here and ask “what do I do with this land I inherited” the primary query is “in the event you had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There is no tax concern as a result of he misplaced cash not gained, so he would not want to fret about slowly unwinding to reduce taxes.
The one logical possibility is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give individuals once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an possibility.
I completely agree together with your factors. I used to be coming at it from a psychological standpoint. And he’s married too. He simply noticed effectively over one million {dollars} vaporize immediately. And I imagine his portfolio is minimize in half now roughly from it’s all-time excessive. A lot with investing is about remorse and remorse minimization. Let’s say he liquidated all of it immediately and a month from now it’s again at all-time-highs. Powerful psychology to cope with. (And I notice anchoring to the previous worth is a significant investing sin.)
I can’t deal with all of that. So I simply keep invested in broad index funds and let what occurs, occur.
Staying within the funding and seeing it go down one other 20% would even be psychologically robust. The query is whether or not he ought to expose himself to that threat.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
cvoege wrote: ↑Tue Sep 03, 2024 5:18 pmbgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pmbongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not assume 2x day by day ETFs work like that. Given a particular worth for the underlying NVDA in Dec, you do not know what the value for NVDL shall be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. The truth is, there could be a worth decay when held over lengthy intervals of time, regardless of how the underlying performs.Yeah, for instance NVDA is up 27% over the previous 6 months however NVDL is up solely 24% over the identical interval.
That’s proper: When held for just some months, the 2x leveraged fund didn’t produce 2x returns. It didn’t even produce 1x returns! I’m astounded that roguewarrior0 tossed 5 million {dollars} into this fund with out understanding the way it works mathematically.
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra price of worth decay on account of day by day rebalancing.
To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
Not likely. These intervals shall be vastly rarer and shorter as a result of drag on the underlying funding and the expense ratio. Over the medium to long run it is assured to return lower than 2X. Over the very long run it is more likely to return lower than the underlying funding even when the underlying is up.
That’s why I stated “intervals.” Any efficient use of those leveraged ETFs must both be traded over brief intervals or, if it’s desired to have long term publicity to them, they must be incessantly rebalanced with different securities.
To say, nevertheless, that the variation from 2x is ONLY to the draw back over intervals longer than in the future is just not appropriate.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST”
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
roguewarrior0 wrote: ↑Sat Aug 31, 2024 2:12 pmjarjarM wrote: ↑Fri Aug 30, 2024 4:53 pmbongo wrote: ↑Fri Aug 30, 2024 1:29 pmjarjarM wrote: ↑Fri Aug 30, 2024 12:35 pmroguewarrior0 wrote: ↑Fri Aug 30, 2024 11:00 am
Fast Replace. Have not had an opportunity to learn varied responses. I’ll accomplish that tonight.I offered 1,008 NVDL Sept 6 Requires $1.10 premium this morning. So exit plan is in movement.
RW
Nice to listen to that your exit plan is in movement. Proceed weekly calls to seize some premium whereas ready for some hopeful restoration on NVDA facet is sweet play. Good luck and maintain us posted. I believe this thread will find yourself being an ideal one to showcase of evolution of funding view (excessive threat -> average threat)
OP one way or the other has good timing with the coated calls if he had been simply enjoying the premium. Ask is now $.50, so a revenue of greater than 50% since this morning https://finance.yahoo.com/quote/NVDL240906C00066500/
However holding a 2x fund various days continues to be manner too dangerous and will make a $.50 or $5 revenue meaningless
That is $50k revenue there so I will not say it is nothing. Definitely the underlying is transferring greater than that however that also is a pleasant chunk of $$$.
Simply checked the hyperlink. LOL….I accounted for nearly all the quantity of the Calls offered. That is nuts.
Wow 
That is certainly nuts. Uncommon to see a retail investor accounting for all the amount.
Good luck on promoting these calls. I offered some credit score unfold calls within the 130/131 to make a couple of additional $$$ since I believe NVDA will commerce sideways between $100 – $125 within the subsequent few months till blackwell ramp is extra clear.
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Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
bgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pm
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra price of worth decay on account of day by day rebalancing.To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
I by no means understood why NVDL and why promote coated calls. If you happen to had been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, immediately’s requires one 12 months out (Sep 2025) are $20 at $120. So it’d have to go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However essentially the most you may lose is all the cash that you just put int. If you happen to assume it’ll $200 in a 12 months, taking a fraction of your funds and placing them into choices limits the losses, however offers you leverage on the features. Promoting coated calls offers you a distinct return profile, however in the event you had been really bullish (and why else would you be leveraged 2x?), it would not make as a lot sense to me. Both go huge, or go for plain NVDA.
That stated, NVDL is not a long run holding, and even going so closely into NVDA is ill-advised.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
cvoege wrote: ↑Tue Sep 03, 2024 5:08 pm
The one logical possibility is to promote and get right into a extra prudent funding. 2 fund, 3 fund, worth tilt, no matter, these are choices we give individuals once they have cash to take a position. We do not throw out “strive throwing all of it into NVDL” as an possibility.
I believe individuals get a bit enamored by the entire making your fortune by taking pictures for the moon factor.
They would not strive it themselves, they usually would not advise another person to strive it, but it surely’s sort of cool that somebody did handle it they usually kind of surprise if possibly there may need been some ability concerned moderately than only a fortunate moon shot and nerves of metal.
“The one factor that makes life attainable is everlasting, insupportable uncertainty; not figuring out what comes subsequent.” ~Ursula LeGuin
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
random_walker_77 wrote: ↑Tue Sep 03, 2024 6:37 pmbgf wrote: ↑Tue Sep 03, 2024 5:12 pmScorpion Stare wrote: ↑Tue Sep 03, 2024 4:43 pm
Certainly. Since he has about 100,000 shares of NVDL, the fund is costing roguewarrior0 round $5000 monthly (!) in expense ratio alone. And that’s not together with the extra price of worth decay on account of day by day rebalancing.To be truthful, there are intervals the place NVDL will do greater than 2x NVDA. It’s path dependent.
I by no means understood why NVDL and why promote coated calls. If you happen to had been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, immediately’s requires one 12 months out (Sep 2025) are $20 at $120. So it’d have to go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However essentially the most you may lose is all the cash that you just put int. If you happen to assume it’ll $200 in a 12 months, taking a fraction of your funds and placing them into choices limits the losses, however offers you leverage on the features. Promoting coated calls offers you a distinct return profile, however in the event you had been really bullish (and why else would you be leveraged 2x?), it would not make as a lot sense to me. Both go huge, or go for plain NVDA.
That stated, NVDL is not a long run holding, and even going so closely into NVDA is ill-advised.
If you happen to go to a on line casino and ask the regulars how they play, they’re going to give an impassioned speech about their technique. Purple each time except it is 3 reds in a row, and many others. They’ve thought it by lots. However dig deep for even a second and you will find they’re going to don’t have any understanding of the underlying odds.
Similar factor right here. Fancy funding methods really feel cool, sensible, area of interest, thrilling… Retail merchants will use them regardless of not figuring out what they’re truly for or how they work. An instance are choices. Merchants on WallSteeetBets wager their life financial savings with none thought what “implied volatility”, alpha, beta, and many others imply. They do not notice they’re meant for use in small portions to hedge bets, not wager your life financial savings on them. All they actually know is it is the excessive stakes a part of the on line casino. That is what they’re searching for.
41% VTSAX, 35% VTIAX, 4% VSIAX, 20% VSIGX. 80/20 S/B, 57/43 US/INT, 10% of US holdings allotted to small-cap worth. All bonds are US treasuries.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – All-In on NVDA
random_walker_77 wrote: ↑Tue Sep 03, 2024 6:37 pmI by no means understood why NVDL and why promote coated calls. If you happen to had been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, immediately’s requires one 12 months out (Sep 2025) are $20 at $120. So it’d have to go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However essentially the most you may lose is all the cash that you just put int. If you happen to assume it’ll $200 in a 12 months, taking a fraction of your funds and placing them into choices limits the losses, however offers you leverage on the features. Promoting coated calls offers you a distinct return profile, however in the event you had been really bullish (and why else would you be leveraged 2x?), it would not make as a lot sense to me. Both go huge, or go for plain NVDA.
That stated, NVDL is not a long run holding, and even going so closely into NVDA is ill-advised.
I stated the identical factor and was ignored. The technique is not sensible. All the chance of NVDL for little upside. If he is appropriate and NVDA soars, he will get his shares known as away with little or no upside. If he is fallacious, he may get worn out. The chance/reward profile of this commerce is horrible.
Additionally, he principally known as peak TSLA along with his first put up (it went up a bit of at first, however TSLA is down 25% since and SPY up 50%). Now he is most likely known as peak NVDA. His NVDL shares are down 30% to this point.
