All things STOCKS

#12,429
#12,429
mrorange211 said:
Bought 100 shares of GOOG. Just couldn't pass up the price.
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They really don’t have any viable competitors. MicroSoft took a shot with Bing and nobody uses that search engine. Yahoo didn’t hurt them. Facebook gets some of the advertising dollars, but has all sorts of competition on the platform. They have a huge mobile footprint without the manufacturing and inventory risks that Apple has.

IMO the only risk they have is if they focus on political influence rather than being fair and not using their influence to drive politics. Maybe if MicroSoft or Amazon bought DuckDuckGo they’d face a headwind.

They could run into anti-trust issues, but even if the government were to address that it shouldn’t crush them. AT&T did fine after being split up in the 1980s. MicroSoft wasn’t crushed by government regulators.

Alphabet is at a great price for anybody willing to hold for a few years. It’s also a pretty good own it forever stock.
 
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#12,430
#12,430
Thunder Good-Oil said:
Alphabet is at a great price for anybody willing to hold for a few years. It’s also a pretty good own it forever stock.
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I like Google. I'd be surprised if the stock isn't higher than now 1-5 years in the future.

But if there's one thing the last 25 years has taught us, it's that nothing is forever on the internets.
 
#12,431
#12,431
Velo Vol said:
I like Google. I'd be surprised if the stock isn't higher than now 1-5 years in the future.

But if there's one thing the last 25 years has taught us, it's that nothing is forever on the internets.
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There were a lot of casualties and no longer all that relevant companies. But there are more and more aristocrats that could be own forever tech companies. Apple. Amazon. Google/Alphabet. MicroSoft. Oracle.

Intel, Netflix, and Facebook might not be forever companies. Intel ought to hang on to Mobileye instead of totally spinning it off.

IBM is another forever tech company IMO. They’re getting into the right areas instead of simply relying on their installed base of main frame, mega customers. They really struggled having competition that did not have pension obligations hampering their bottom lines. The number of pensioners are shrinking and IBM’s obligation should now be fully funded and no longer an issue.
 
#12,433
#12,433
The JetBlue buyout of SAVE is nutty as heck. I looked everywhere to get the details on the $2.50 upfront payment by JetBlue to SAVE shareholders. I never found anything definitive - only that once SAVE shareholders voted YES they’d receive the payment. So it arrives overnight with no other announcement (the vote was a couple of weeks ago). And SAVE barely budged. Maybe I missed an ex-dividend date. Perhaps it was the day after the vote.

Now, just hurry up and give me the $31/share. Stock is around $21. It should take about a year plus they need to appease the government, but JetBlue is very confident that the deal will go through. That will be about a 50% gain from here in a little over a year. A $0.10/share monthly “ticking” fee starts in Jan 2023. There is also a payment to shareholders from JetBlue if the deal falls apart.
 
#12,437
#12,437
VolAllen said:
I’ve been selling CC’s on my 10,000 shares of CCL I bought in the 7’s last month. It’s been making about $1200-1500 per week
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I’d rather go with a company with earnings and little chance of going to zero. But CCL’s customers are itching to be cruising again. Also, the premiums wouldn’t be near as large if it wasn’t a risky stock to hold.

I like MSTR, but largely because I need some crypto exposure.

LABU has weeklies and the IV is 140%. I’ve only sold LABU puts so far and haven’t been assigned yet. It has low priced shares so it’s a good one to use with bits of leftover cash. Writing the MSTR puts ties up a lot of capital.
 
#12,438
#12,438
Velo Vol said:
Two days apart. LOL



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I don’t know how the power is distributed with GOOG, but CNBC was discussing META and they mentioned that Zuckerberg still has total control of the votes. Maybe that’s why there are the two classes of stock. I don’t think that he’s making good decisions and isn’t very good at managing a company of that size alone. I wonder if Elon controls the voting power at TSLA? I’d prefer big firms and funds having more of a say in dictating a company’s direction than a 38 year old kid by himself.
 
#12,439
#12,439
There's gonna be a ton of META shareholder lawsuits in the near future because of the clusterF known as the Metaverse....

I can't be the only one who thinks this is stupid AF, can I?
 
#12,442
#12,442
Picking the ideal strike is always a challenge when selling options. Close to at the money and the premiums can be huge. But then when you expect to be assigned it’s enticing to move to the next better strike. And then the next and the next and the next. When you think you’ll be assigned then moving to the next $2.50 or $5 strike gets more attractive than the extra $0.50 or $2 of premium. But then when going too far out of the money the premiums become not worth writing the contracts.

The expiration is easier for me to pick right now. About 3-4 weeks is the most that I’m looking at. But I might go further out with CCs if the markets keep rising for another week or two.

Picking the underlying is very easy when selling puts. I’m more or less looking at them as GTC limit orders to buy shares of stock - but collecting a premium when the shares get too expensive for the limit to trigger. I wish that I had back the thousand or so buy limits that I’d previously placed without the puts.
 
#12,443
#12,443
Thunder Good-Oil said:
I’d rather go with a company with earnings and little chance of going to zero. But CCL’s customers are itching to be cruising again. Also, the premiums wouldn’t be near as large if it wasn’t a risky stock to hold.

I like MSTR, but largely because I need some crypto exposure.

LABU has weeklies and the IV is 140%. I’ve only sold LABU puts so far and haven’t been assigned yet. It has low priced shares so it’s a good one to use with bits of leftover cash. Writing the MSTR puts ties up a lot of capital.
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My hopes were that I could pull it off for a year or so and then my 10,000 CCL shares would be free.
 
#12,444
#12,444
Thunder Good-Oil said:
Picking the ideal strike is always a challenge when selling options. Close to at the money and the premiums can be huge. But then when you expect to be assigned it’s enticing to move to the next better strike. And then the next and the next and the next. When you think you’ll be assigned then moving to the next $2.50 or $5 strike gets more attractive than the extra $0.50 or $2 of premium. But then when going too far out of the money the premiums become not worth writing the contracts.

The expiration is easier for me to pick right now. About 3-4 weeks is the most that I’m looking at. But I might go further out with CCs if the markets keep rising for another week or two.

Picking the underlying is very easy when selling puts. I’m more or less looking at them as GTC limit orders to buy shares of stock - but collecting a premium when the shares get too expensive for the limit to trigger. I wish that I had back the thousand or so buy limits that I’d previously placed without the puts.
Click to expand...

So I’ve played it a little bit different thus far. My average on CCL is 7.44. I started by selling $8 weekly calls. When the price dropped into the $6’s, I started selling the $7.50’s for less premium, but only had to do that for a week. Now I’m selling $9’s. I’ll buyout of the $9’s Friday morning. Hold no contracts over the weekend. Then Monday or Tuesday if we get a spike, I’ll sell weeklies for .50 or $1 higher than the current price. This prevents me from being stuck holding shares if Carnival decides to announce BK on a Monday morning premarket and I could dump. It also prevents me from losing my shares due to someone exercising the option. Seems “safe”…
 
#12,445
#12,445
Thunder Good-Oil said:
I don’t know how the power is distributed with GOOG, but CNBC was discussing META and they mentioned that Zuckerberg still has total control of the votes. Maybe that’s why there are the two classes of stock. I don’t think that he’s making good decisions and isn’t very good at managing a company of that size alone. I wonder if Elon controls the voting power at TSLA? I’d prefer big firms and funds having more of a say in dictating a company’s direction than a 38 year old kid by himself.
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I don't know about the voting but this open letter from Altimeter Capital details some of the woes. It has three times as many employees as it did four years ago, and the stock price is down over that period.

Time to Get Fit — an Open Letter from Altimeter to Mark Zuckerberg (and the Meta Board of…
 
#12,446
#12,446
VolAllen said:
My hopes were that I could pull it off for a year or so and then my 10,000 CCL shares would be free.
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Yes. It’s a good point to jump in if CCL can steadily rise from here. Bear markets are usually wrapping up around these levels of pullback and elapsed time. Higher interest rates won’t be a shock. I think that since oil has been coming down it will lead to slowing inflation. The thing that can wreck the markets though will be if the low employment comes under attack by the government officials. Poor employment would hit the cruise lines pretty hard. But low unemployment can be challenging as well (but they get much of their staff from other countries). If fuel maintains a downward trend AND consumers continue to have lots of cash AND the COVID doesn’t flare up then the cruise companies should double and triple or more pretty quickly.
 
#12,448
#12,448
Thunder Good-Oil said:
Yes. It’s a good point to jump in if CCL can steadily rise from here. Bear markets are usually wrapping up around these levels of pullback and elapsed time. Higher interest rates won’t be a shock. I think that since oil has been coming down it will lead to slowing inflation. The thing that can wreck the markets though will be if the low employment comes under attack by the government officials. Poor employment would hit the cruise lines pretty hard. But low unemployment can be challenging as well (but they get much of their staff from other countries). If fuel maintains a downward trend AND consumers continue to have lots of cash AND the COVID doesn’t flare up then the cruise companies should double and triple or more pretty quickly.
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Interestingly, Carnival still has a gap wayyyy up at $41 to $39 from the beginning of the Covid crash, but more realistically and shorter term, it has one at $10.40. Unfortunately it also gapped UP the other day and now has one down below in the 7.40’s, so I may honestly buy out of the contracts and sell my shares on Friday and see which direction things go. I’d hate to leave this $10k on the table if I could sell now and buy my shares right back at 7.40 in a couple if weeks…
 
#12,449
#12,449
VolAllen said:
Interestingly, Carnival still has a gap wayyyy up at $41 to $39 from the beginning of the Covid crash, but more realistically and shorter term, it has one at $10.40. Unfortunately it also gapped UP the other day and now has one down below in the 7.40’s, so I may honestly buy out of the contracts and sell my shares on Friday and see which direction things go. I’d hate to leave this $10k on the table if I could sell now and buy my shares right back at 7.40 in a couple if weeks…
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They've diluted the hell out of their company since the start of COVID. But yeah, it could easily rise 50% or more from here in next 18 months if the economy doesn't totally tank...
 
#12,450
#12,450
VolAllen said:
So I’ve played it a little bit different thus far. My average on CCL is 7.44. I started by selling $8 weekly calls. When the price dropped into the $6’s, I started selling the $7.50’s for less premium, but only had to do that for a week. Now I’m selling $9’s. I’ll buyout of the $9’s Friday morning. Hold no contracts over the weekend. Then Monday or Tuesday if we get a spike, I’ll sell weeklies for .50 or $1 higher than the current price. This prevents me from being stuck holding shares if Carnival decides to announce BK on a Monday morning premarket and I could dump. It also prevents me from losing my shares due to someone exercising the option. Seems “safe”…
Click to expand...

I’m only buying to close positions no later than the Thursday before expiration. I tried to buy to close on an expiration Friday but the broker threw up a notice indicating that I could still be assigned.
 
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