you should have a covered call sold against every single stock and option you own. start by selling calls that expire in 2 weeks and are 20% above the current price
- Sep 10, 2003
- 80,711
What if the 20% means you are still red ?
stevezissou
OT Supporter
schwab, td ameritrade and TOS desktop all worked for me boo.Another one bites the dust
stevezissou
OT Supporter
who cares about your cost basis. sell a call 20% above the current price which will earn you something like 5% of your current cost basis. do that 20 times over a year and you've just doubled your money. however your gains are capped in the rare event that your stock randomly goes up 50% in a day
Beer Goggles
hit me with those laser beams
yes. for example Apple today is $155. sell a call expiring in 2 weeks at $162.5. You are given $80 for that sale. As long as Apple doesn't hit $163.2 in the next two weeks you've just made free money. Reinvest that $80 right back into apple stock and you now have an extra share. Do this 1000 times a year and you'll find you have much more shares of stock than before.
there's a riskier but more cost effective version of this where you buy 1 call option at a lower price and sell 1 call option at a higher price. It's much cheaper than having to hold 100 shares of the underlying stock
there's a riskier but more cost effective version of this where you buy 1 call option at a lower price and sell 1 call option at a higher price. It's much cheaper than having to hold 100 shares of the underlying stock
AndyP
OT Supporter
- Jun 17, 2004
- 18,641
just sent out wire transfer for new daily driver this morning. will post it next week. shout out to Amazon, Tesla, Netflix for funding this
stevezissou
OT Supporter
UH OH
Republican Sen. James Lankford of Oklahoma pressed Yellen about how widely the uninsured deposit backstops will apply across the banking industry.
“Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now?” asked Lankford. “Will they get the same treatment that SVB just got, or Signature Bank just got?”
Yellen acknowledged they would not.
Uninsured deposits, she said, would only be covered in the event that a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.”
Lankford said the impact of this standard would be that small banks would be less appealing to depositors with more than $250,000, the current FDIC insurance threshold.
www.cnbc.com
Expect to continue to see a flood of deposits leave these smaller banks and head to the "big boy" banks
Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
Republican Sen. James Lankford of Oklahoma pressed Yellen about how widely the uninsured deposit backstops will apply across the banking industry.
“Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now?” asked Lankford. “Will they get the same treatment that SVB just got, or Signature Bank just got?”
Yellen acknowledged they would not.
Uninsured deposits, she said, would only be covered in the event that a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.”
Lankford said the impact of this standard would be that small banks would be less appealing to depositors with more than $250,000, the current FDIC insurance threshold.
Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers that the government will protect U.S. bank deposits amid a rash of bank failures.
Expect to continue to see a flood of deposits leave these smaller banks and head to the "big boy" banks
Beer Goggles
hit me with those laser beams
wtf lol is this a backpedal?UH OH
Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers that the government will protect U.S. bank deposits amid a rash of bank failures.
Beer Goggles
hit me with those laser beams
- Dec 31, 2008
- 12,169
Who the fuck has $250k in a bank account anyway? It wasn't long ago we heard from everywhere that most of us didn't even have $5k for an emergency.
Menger
OT Supporter
- Nov 23, 2011
- 26,459
Nah. They announced a one time thing. Not a permanent policy change.
Or at least not one they would ever publicly commit to.
Systemically important just needs to be passed back down to banks the size of SVB, rolling that back was stupid.
Menger
OT Supporter
- Nov 23, 2011
- 26,459
993kgt
building an airplane whee
"As an investor, it's important to remember that your Schwab investments held at the Broker Dealer are not commingled with assets at Schwab Bank."
Aka, Chuck fucked the bank sector up, but the brokerage will be fine
I don't use the banking product much, so IDGAF frankly
stevezissou
OT Supporter