Just bought 100 $Strategy(MSTR)$ and sold LEAP on it and got 4300 USD. Basically, it is about 35% instant return paid in cash. Even this goes up and get called, I don't care as I have already got cash for it. so this drops my break even to around 80 dollars per share.
Sold another two PUT contracts on $Palantir Technologies Inc.(PLTR)$ I will keep selling put contracts on the way. I would love to get assigned at a cheaper price. Remember, break-even of a PUT option is way better then buying at the market price under the right conditions. Let say I get assigned @140, but got $1000 premium. Which makes it $130 avg cost per share. You have a discount. PLTR price target is $188. Which I personally believe could be a $300 stock easily. Or you just walk away with the cashflow via all the premiums.
STFU and sit down Mike. You don't bet a 50 million on something and sound warnings wishing for a self-fulfilling prophecy. That is medling... Feds should investigate him for these doggy practices.
Michael Burry Sounds Alarm on $176B Depreciation Gap among Tech Giants
Last 3 months, mine (60%) vs NASDAQ (30%). Pretty much 2x beating. This is 100% realised gains - no new deposits. And my total transaction value... 2.34 million AUD. You may think, Oh, you only made 48k using 2.34 million??? That is around 2%!!! Yes, exactly. That is my secret sauce. I roughly do 60k per transaction, and I get rid of it in an average of around 2 days, with a 2% gain on average. Now, you may be wondering, why don't you just leave it in NASDAQ (ETF) without working so hard with all those transactions? Let's see... ***2% way*** 60k rotating every week (even though I do semi-weekly rotation) with 0.66% daily gain (60% divided by 90 days). 3 months gain: 48k ***NASDAQ way*** 60k buy and hold for 3 months with 30% gain over 90 days. 3 months gain: 18k That is a massive differenc