Stock Crew 2023: Broke but identifying as 🦍 before it was even cool. 🫨

[Jon91SE]

The stock market hates this one trick

 

[Hisma]

UBS to buy CS for 25 cents a share

 

[Jon91SE]

UBS to buy CS for 25 cents a share

 

[MiseryIndex]

man my quarterly estimated taxes were right on the money last year. i'm getting a $16 refund. first time in over a decade i'm getting ANY refund

moving from an apartment to a house and my 'home office' expense deductions being real money now probably helps.

 

[Hisma]

bailouts bullish af money printer go *brrrrrr* risk-on assets to da moon 🤟

 

[JacksonWhite]

i already have more nycb than i want, but i have an order for more jpm in at 125

Congrats. NYCB up 30% premarket

Bought $38.4 billion of assets from signature bank for 2.7 billion

 

[MiseryIndex]

Congrats. NYCB up 30% premarket

Bought $38.4 billion of assets from signature bank for 2.7 billion

still under my cost basis probably

but yeah, i'll take it.

 

[SkiMax]

I don't even know what's going on anymore...

Big bank fails, Dow jumps.

Who knows what will happen with the fed this week...

 

[stevezissou]

 

[MiseryIndex]

well this worked out

i averaged down on the dip at $7.35 last week

New York Community Bancorp, Inc.
9.04 USD+2.50 (38.33%)today

 

[stevezissou]

 

[MiseryIndex]

i'm about back to even on CME (even after the dividend reinvestment). thoughts on buying more..or trimming?

@993kgt

 

[Jon91SE]

Lmao FRC halted on the down

 

[adrunkgerbil]

Lmao FRC halted on the down

WHEN WE CATCHING THAT KNIFE

 

[993kgt]

i'm about back to even on CME (even after the dividend reinvestment). thoughts on buying more..or trimming?

@993kgt

I've been selling calls and doing well, it is mostly flat performance for me

I was going to lose the dividend but it pulled back from 188 down to 182 and my calls expired worthless, so I sold more!

 

[MiseryIndex]

I've been selling calls and doing well, it is mostly flat performance for me

I was going to lose the dividend but it pulled back from 188 down to 182 and my calls expired worthless, so I sold more!

do they do those special dividends every year, do you know?

 

[993kgt]

do they do those special dividends every year, do you know?

they have historically, and they've also raised their dividend consistently

many companies attempt and goal to do this, to try to be one of the dividend aristocrats

it's the blue chip of blue chips from that perspective, especially if you're on a fixed income portfolio

 

[MiseryIndex]

they have historically, and they've also raised their dividend consistently

many companies attempt and goal to do this, to try to be one of the dividend aristocrats

it's the blue chip of blue chips from that perspective, especially if you're on a fixed income portfolio

fair. it's in my roth. i'll add some more.

 

[AndyP]

Two days

 

[stevezissou]

they have historically, and they've also raised their dividend consistently

many companies attempt and goal to do this, to try to be one of the dividend aristocrats

it's the blue chip of blue chips from that perspective, especially if you're on a fixed income portfolio

Moved all my funds from SWVXX to SNSXX

 

[rcm]

Moved all my funds from SWVXX to SNSXX

SCARED of a little bank failure?

 

[stevezissou]

SCARED of a little bank failure?

HEDGING

DIVERSIFICATION OF RISK

TRANSITORY BANK FAILURE

 

[siflnolly]

if you know what you're doing you will never lose

let's say the March 31 AAPL $162.5 call gets blown up because Apple has a huge month. Then you just buy back the $162.5 call and you sell an April 6 $165 call for the same price. Keep laddering it up and don't lose any money.

ha, so funny you posted this. i've been looking into covered calls for AAPL and was thinking of pulling the trigger today. How easy is it to 'buy back the call' though?

 

[stevezissou]

ha, so funny you posted this. i've been looking into covered calls for AAPL and was thinking of pulling the trigger today. How easy is it to 'buy back the call' though?

oh boy

Please don't open or close any options contracts until you know what you are doing.

 

[siflnolly]

Yeeeee. Well aware. I've bought call options prior and done my research. But I've never sold a call option and the only stocks I can really do that with are AAPL and CELH (only shares I have 100 of for covered calls). Just the idea of buying it back seems nebulous through my Chase financial portal. Since I've been holding the AAPL shares so long I'd rather just be a long term holder of them (especially since I don't know the tax consequences in case the strike price is hit and call expires in the money).