ASTR Risk Reversal:
– Buy 1 9/17 12.50 Call
– Sell 1 9/17 10 Put.
SHOW #46, winning the losers game, timeless strategies for successful investing, and the Return of the Munger Down under
8/7/21 – Recall we have a 26$ call we sold. Earnings helped this trade out, and the $UIS closed Friday at $24.83. If we subtract out the premium received from all the sold calls ($1.21), our true cost basis is $23.62 at expiration, which means we could have a profit of $121 dollars if nothing changes between now and 9/17. We will break even as long as the stock stays above $24.29 (Entry of $25.50 – premium collected $1.21). If you are sick of this trade and want to bail, the call we sold last week collected $0.59, and is now worth $0.80, so we have a loss there of about $0.21, but netting out the stock’s price of $24.83 and other prior premium collected is $25.50 – $1.00 or $24.50, meaning you could close this Monday morning for a theoretical profit of $33 total. Yes, you can sell the stock for less than you paid for it and still make a profit because of covered calls! Jerry is going to wait an hold as the stock seems to be trending upwards, and broke Bob’s key resistance of $23.90 (blue line below). We also have 41 DTE (Days Till Expiration) and as readers know, we like to close closer to the 21 DTE.
This trade closed with 20% ROI in 10 days for our Money Viking Community. #hottrades – Let’s Crush IV together in Netflix and attempt to make some money if the implied volatility plummets after earnings! Looking to enter a 5 dollar wide Aug 20 iron condor before their earnings . Buy 490 Put, Sell 495 Put, Sell 585 Call, Buy 590 Call. It’s slightly bullish. Trying to collect at least 1.66 (⅓ the width of the strikes).
CLOSED FOR 32% ROI in 2 DAYS! Lulu Lemon Iron Condor idea for earnings on 6/3/21 after market close. Buy the 6/18 290 put, Sell the 6/18 295 put, Sell the 6/18 345 call, Buy the 6/18 350 call #hottrades
ARKK – Sell a Naked Cash Secured Put *HOT TRADES* This is a simple, bullish trade for AARK. Sell to open the 7/16 102 Put collecting 1.33
BYND – Beyond Meat, but not Beyond my Strikes – Iron Condor Idea***HOT TRADES*** CLOSED FOR $75 PROFIT!
BYND has high IVR so try this iron condor:
Buy the 7/16 115 Put
Sell the 7/16 120 Put
Sell the 7/16 180 Call
Buy the 7/16 185 Call
Aim for 1.67 in premium.
The Money Vikings Podcast #11 – Options Collar Strategies, Hedging with the VIX UVXY “Fear Index”, Mr. Wonderful’s Fantastic Ideas for Saving and Retiring
Jerry, and the Magnus Brothers Greg & Bob, discuss setting up a collar options strategy for hedigng risk, the fear index VIX. Mr Wonderful!
Who’s the favorite grandchild, Bob or Greg? Listen in as they share their beloved grandfathers advice for living a successful and healthy life–no matter what generation you were born. Is there an easy way to get to one million dollars? Let’s find out!
Jerry confesses he scalped too much this week and made his brokerage very rich off commissions following the 2 legged pullback strategy. Jerry covers covered calls, making $GLD pay us if it doesn’t appreciate. Greg covers dividend aristocrats, or as we like to call them, “Dividend Vikings” Bob covers a stock with huge potential, $MVIS.