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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 telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
…….
This does not clear up every thing however reduces temptation to tinker.
Kudos to you for taking these vital steps.
I imagine that CNBC is a typically adverse affect on society. Going “chilly turkey” and withdrawing from that could be a optimistic step.
Please maintain us up to date in your progress.
Greatest 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
Post
by runninginvestor »
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 telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as nicely 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 danger 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 must login to rebalance
This does not clear up every thing 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. Mentioned that they had witnessed too many others by no means absolutely retire and ended up having the worst of each worlds. These ppl could not get pleasure from retirement bc ppl saved reaching out randomly, and did not benefit from the work after they did attain bc it was at all times a disaster.
They appeared to get pleasure from retirement greater than the others I knew that semi-retired.
A clear break for a minimum of a set interval might most likely enable you too. Totally get pleasure from a few of these beneficial properties along with your spouse and children whereas they’re setting off to school and reside within the second with them for a bit. After a blackout interval from at all times excited 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
Post
by invest2bfree »
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 excited about what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private progress. Mockingly, it additionally will turn out to be useful for our BH vs Dealer dialogue.
Finally, what many consider will energy is extra a product of setting.
Instance: Whereas there are numerous distinction between a match individual and an obese individual. Atmosphere performs an outsized position. Match individuals usually 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 does not take a number of additional will energy as they’re much less prone 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 telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as nicely 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 danger 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 must login to rebalance
This does not clear up every thing 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 undecided 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 excited about what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private progress. Mockingly, it additionally will turn out to be useful for our BH vs Dealer dialogue.
Finally, what many consider will energy is extra a product of setting.
Instance: Whereas there are numerous distinction between a match individual and an obese individual. Atmosphere performs an outsized position. Match individuals usually 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 does not take a number of additional will energy as they’re much less prone 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 telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as nicely 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 danger 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 must login to rebalance
This does not clear up every thing 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 sensible of you to know your self and realized it’s best to go chilly turkey. Please maintain posting your progress. We’re all rooting on your success.
Since you propose on holding a lot money, are you getting curiosity on that cash? Presently you may 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 may get nearly 5% and use that account to pay all of your payments identical to a financial institution. Constancy will routinely promote you funds as wanted to pay these payments. It’s a straightforward method to get $15k out of your investments. Perhaps $15k isn’t an enormous deal contemplating the swings you might be 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 excited about what to do after I unwind NVDA. I’ve additionally began studying “Atomic Habits” for some private progress. Mockingly, it additionally will turn out to be useful for our BH vs Dealer dialogue.
Finally, what many consider will energy is extra a product of setting.
Instance: Whereas there are numerous distinction between a match individual and an obese individual. Atmosphere performs an outsized position. Match individuals usually 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 does not take a number of additional will energy as they’re much less prone 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 telephone and pill. No want for Empower/Constancy/Vanguard/CNBC
- Take away the auto fill for password for my laptop for monetary websites
- I’m going to shut out my NVDA LEAPS as nicely 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 danger 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 must login to rebalance
This does not clear up every thing 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 undecided whether or not you closed your NVDL place or not?
its about 20% nearer by itself to “closed for good” after as we speak.
“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 may cushion among the losses, however looks as if the OP might need misplaced some severe $$$. Hopefully they have 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 does 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 danger earlier than this along with your low withdrawal charge and simply wished an excuse to gamble? About how it’s best to shut your NVDA and get counseling since your withdawal charge was clearly completely secure?
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
Post
by Scorpion Stare »
bongo wrote: ↑Wed Aug 28, 2024 2:10 pm
Watch out, I do not suppose 2x every day ETFs work like that. Given a particular value for the underlying NVDA in Dec, you do not know what the value for NVDL might be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In actual fact, there is usually a value 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 only a few 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 per 30 days (!) in expense ratio alone. And that’s not together with the extra price of value decay on account of every day rebalancing.
Re: Retiring in 6 months (off TSLA options); Plan Review; 08/24 Update – NVDA All-In
You might 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 danger 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
Robust name what to do after as we speak. You continue to have a terrific portfolio worth and lots to reside a pleasant retirement. You’re dwelling with a loopy quantity of danger along with your portfolio. As you nicely know, NVDA is very unstable and will nicely bounce proper again because it has accomplished a number of occasions this 12 months. But when it retains falling, and with you being so extremely levered . . . You’ve bought a tricky option to make, for those who haven’t made it already.You might 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 danger to gamble on a bounce again up.
I am sorry however how is that this a tricky name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm powerful 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 “for those who had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There is not any tax concern as a result of he misplaced cash not gained, so he does not want to fret about slowly unwinding to attenuate taxes.
The one logical choice 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 after they have cash to speculate. We do not throw out “attempt throwing all of it into NVDL” as an choice.
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 suppose 2x every day ETFs work like that. Given a particular value for the underlying NVDA in Dec, you do not know what the value for NVDL might be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In actual fact, there is usually a value 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 only a few 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 per 30 days (!) in expense ratio alone. And that’s not together with the extra price of value decay on account of every 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 suppose 2x every day ETFs work like that. Given a particular value for the underlying NVDA in Dec, you do not know what the value for NVDL might be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In actual fact, there is usually a value 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 only a few 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 per 30 days (!) in expense ratio alone. And that’s not together with the extra price of value decay on account of every 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 might 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 prone 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
Robust name what to do after as we speak. You continue to have a terrific portfolio worth and lots to reside a pleasant retirement. You’re dwelling with a loopy quantity of danger along with your portfolio. As you nicely know, NVDA is very unstable and will nicely bounce proper again because it has accomplished a number of occasions this 12 months. But when it retains falling, and with you being so extremely levered . . . You’ve bought a tricky option to make, for those who haven’t made it already.You might 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 danger to gamble on a bounce again up.
I am sorry however how is that this a tricky name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm powerful 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 “for those who had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There is not any tax concern as a result of he misplaced cash not gained, so he does not want to fret about slowly unwinding to attenuate taxes.
The one logical choice 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 after they have cash to speculate. We do not throw out “attempt throwing all of it into NVDL” as an choice.
I completely agree along with your factors. I used to be coming at it from a psychological standpoint. And he’s married too. He simply noticed nicely over 1,000,000 {dollars} vaporize as we speak. And I imagine his portfolio is reduce 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 as we speak and a month from now it’s again at all-time-highs. Robust psychology to cope with. (And I understand 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
Post
by aristotelian »
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
Robust name what to do after as we speak. You continue to have a terrific portfolio worth and lots to reside a pleasant retirement. You’re dwelling with a loopy quantity of danger along with your portfolio. As you nicely know, NVDA is very unstable and will nicely bounce proper again because it has accomplished a number of occasions this 12 months. But when it retains falling, and with you being so extremely levered . . . You’ve bought a tricky option to make, for those who haven’t made it already.You might 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 danger to gamble on a bounce again up.
I am sorry however how is that this a tricky name? If he had 5M in money proper now and got here to this discussion board would we actually act like “hmm powerful 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 “for those who had x {dollars} would you purchase the land”? The identical applies right here. OP has 5-6M {dollars} of capital. There is not any tax concern as a result of he misplaced cash not gained, so he does not want to fret about slowly unwinding to attenuate taxes.
The one logical choice 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 after they have cash to speculate. We do not throw out “attempt throwing all of it into NVDL” as an choice.
I completely agree along with your factors. I used to be coming at it from a psychological standpoint. And he’s married too. He simply noticed nicely over 1,000,000 {dollars} vaporize as we speak. And I imagine his portfolio is reduce 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 as we speak and a month from now it’s again at all-time-highs. Robust psychology to cope with. (And I understand 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 powerful. The query is whether or not he ought to expose himself to that danger.
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 suppose 2x every day ETFs work like that. Given a particular value for the underlying NVDA in Dec, you do not know what the value for NVDL might be. The up and down motion and compounding doesn’t assure 2x the efficiency on the unique funding. In actual fact, there is usually a value 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 only a few 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 per 30 days (!) in expense ratio alone. And that’s not together with the extra price of value decay on account of every 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 might 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 prone to return lower than the underlying funding even when the underlying is up.
That’s why I mentioned “intervals.” Any efficient use of those leveraged ETFs must both be traded over quick intervals or, if it’s desired to have long run publicity to them, they must be steadily 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 right.
“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 achieve this tonight.I bought 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 nice play. Good luck and maintain us posted. I believe this thread will find yourself being a terrific one to showcase of evolution of funding view (excessive danger -> average danger)
OP someway has good timing with the coated calls if he have 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 quite a lot of days continues to be approach too dangerous and will make a $.50 or $5 revenue meaningless
That is $50k revenue there so I will not say it is nothing. Actually 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 bought. 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 bought some credit score unfold calls within the 130/131 to make just a few 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
Post
by random_walker_77 »
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 per 30 days (!) in expense ratio alone. And that’s not together with the extra price of value decay on account of every 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. For those who have been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, as we speak’s requires one 12 months out (Sep 2025) are $20 at $120. So it’d must go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However probably the most you may lose is all the cash that you simply put int. For those who suppose it may $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 beneficial properties. Promoting coated calls offers you a distinct return profile, however for those who have been really bullish (and why else would you be leveraged 2x?), it does not make as a lot sense to me. Both go massive, or go for plain NVDA.
That mentioned, 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 choice 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 after they have cash to speculate. We do not throw out “attempt throwing all of it into NVDL” as an choice.
I believe individuals get a bit enamored by the entire making your fortune by taking pictures for the moon factor.
They would not attempt it themselves, and so they would not advise another person to attempt it, however it’s sort of cool that somebody did handle it and so they kind of marvel if perhaps there might need been some talent concerned somewhat than only a fortunate moon shot and nerves of metal.
“The one factor that makes life potential is everlasting, insupportable uncertainty; not realizing 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 per 30 days (!) in expense ratio alone. And that’s not together with the extra price of value decay on account of every 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. For those who have been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, as we speak’s requires one 12 months out (Sep 2025) are $20 at $120. So it’d must go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However probably the most you may lose is all the cash that you simply put int. For those who suppose it may $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 beneficial properties. Promoting coated calls offers you a distinct return profile, however for those who have been really bullish (and why else would you be leveraged 2x?), it does not make as a lot sense to me. Both go massive, or go for plain NVDA.
That mentioned, NVDL is not a long run holding, and even going so closely into NVDA is ill-advised.
For those who go to a on line casino and ask the regulars how they play, they’re going to give an impassioned speech about their technique. Crimson each time until it is 3 reds in a row, and so on. They’ve thought it by loads. 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, good, area of interest, thrilling… Retail merchants will use them regardless of not realizing 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 so on imply. They do not understand 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 in search of.
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. For those who have been to make such a dangerous conviction wager, shopping for calls looks as if a greater wager. For instance, as we speak’s requires one 12 months out (Sep 2025) are $20 at $120. So it’d must go to $140 to interrupt even, $160 doubles your cash, $180 triples your cash and so forth. However probably the most you may lose is all the cash that you simply put int. For those who suppose it may $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 beneficial properties. Promoting coated calls offers you a distinct return profile, however for those who have been really bullish (and why else would you be leveraged 2x?), it does not make as a lot sense to me. Both go massive, or go for plain NVDA.
That mentioned, NVDL is not a long run holding, and even going so closely into NVDA is ill-advised.
I mentioned the identical factor and was ignored. The technique is not sensible. All the chance of NVDL for little upside. If he is right and NVDA soars, he will get his shares known as away with little or no upside. If he is improper, he might get worn out. The chance/reward profile of this commerce is horrible.
Additionally, he mainly known as peak TSLA along with his first submit (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.