$MARA 20260116 20.0 CALL$ this has potential [Surprised] Bought this LEAPS. Sold 11 LEAPS for 22k AUD. [Allin] Traded 300k and got the executive tigger badge...
Santa rally was a bust. I have over 8k unrealised loss on shares I hold on $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $MARA Holdings(MARA)$ $AST SpaceMobile, Inc.(ASTS)$ But I did something right before this bloodbath. I closed all my weekly positions (lucky) and started writing LEAPS puts and some calls. This gave me about 20k premium. [Miser] And what did I do with this 20k??? I bought more shares at a discount. [Cool] Holding weekly expiring this week could have been a major mistake. When the prices bounce back, my put LEAPS will be in the green and can be closed early in case.
FEDs ruined the Christmas and the Santa Rally. Well, still with a good profit. I have earned over 35k and have an unrealised loss from the shares about 7k. [Facepalm] Hopefully, this will recover next week. $MARA Holdings(MARA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$
People really don't understand the power of compounding and option premiums. That's why they buy and hold shares for 5 years. Case 1: Let's say you got it for $20k and after 5 years it grows to 200k (10x). Case 2: Let's say you collect option premiums weekly at 2%. Then your 20k will grow in 5 years to $3,444,091.28. Why? Because, each week you collect 2% interest (premium) and reinvest this new total the following week. So, it grows exponentially. What about tax? Let's say you pay 40% tax. Still you ended up with $779,026.46 And if you just hold the shares (without options), then you get discounted tax by 50% as in Australia. The post tax amount (20%) for case 1 is $164,000. 2% options are not inherently riskier as they are with good companies or ETFs. However, I push th
Just closed all my CC and CSP endings 06 Dec. Have collected 18k premiums since 01 Nov. And 4k in place for 13 Dec ending. Whopping 35% of ROI. [Miser]