forums

Off-Topic Stock Market & Crypto Discussion

Advertisement
Bird4um said:
Grandma gave me her American Fund when she died...up 3.5% for the year... Thinking about selling and buying a few ARK funds. Any opinions? I don't own any, but I own a few of her top stocks.
Click to expand...
I like ARKG and ARKK the most, but can see the argument for ARKW too. I’ve been intrigued by the ARKF one, but something about fintech maybe seems to have less explosiveness. I could be completely off in that, but how many more SQ, PYPL, Tencent or MercadoLibre are there? They have been buying up GBTC, which is their move to owning actual crypto, but you’re also paying a decent premium for owning that trust instead of the underlying asset.
 
Empirical Cane said:
I don't follow half the lingo, but sounds impressive...

Good on you for not being vague or engaging in revisionist history. You called it (I think?)!

Some muppets could learn from you, they won't of course, but still...

👍👍👍👍

Could ypu put the options jargon en Ingles por favor?
Click to expand...

Sure, when you write (sell) a put, think of yourself as the house. The purchaser pays YOU a premium, which you bank. I used that premium to buy the calls. They pretty much wash out in this case. That's the goal. So I am essentially using others people's money to buy them, sort of getting free calls.

The calls you own are simple. The stock goes in the money, you can do well. The put you sold is a little more complicated. If the stock is higher than the strike price at expiration, nothing happens, and you have that premium. if the stock is below the strike price, you are obligated to buy the stock from the put holder at the strike. So you want to do this with stocks you would be happy to own. And remember, your basis is the strike price, minus the premium cause you banked it.
 
Bird4um said:
Grandma gave me her American Fund when she died...up 3.5% for the year... Thinking about selling and buying a few ARK funds. Any opinions? I don't own any, but I own a few of her top stocks.
Click to expand...
Yes, any of the ARK funds Wi'll be fine. I own all and I would weight the "G" less.
 
Cryptical Envelopment said:
If I knew the answer to that my robot llama would be answering this for me while I lounged with a few Playboy bunnies at my desert compound on Mars.
Click to expand...

CFLCane said:
Luckily i bought my original allotment in index 1.0 thanksgiving week. I added a little in 2.0 this morning..

Index 2.0 is up 4.3% today wooohoo
Click to expand...
Index 2.0 up another 7.5% premarket this AM. Be agressive be be agressive lol
 
I tried to buy sundial at 70 cent , now it’s at 2.39 . ****ers. I’m dealing with etrade from now on
 
Advertisement
Cryptical Envelopment said:
Sure, when you write (sell) a put, think of yourself as the house. The purchaser pays YOU a premium, which you bank. I used that premium to buy the calls. They pretty much wash out in this case. That's the goal. So I am essentially using others people's money to buy them, sort of getting free calls.

The calls you own are simple. The stock goes in the money, you can do well. The put you sold is a little more complicated. If the stock is higher than the strike price at expiration, nothing happens, and you have that premium. if the stock is below the strike price, you are obligated to buy the stock from the put holder at the strike. So you want to do this with stocks you would be happy to own. And remember, your basis is the strike price, minus the premium cause you banked it.
Click to expand...
If too much work/hassle, disregard, but can you put this into numbers for something like VFF for some extra context?
 
Advertisement
Cribby said:
I tried to buy sundial at 70 cent , now it’s at 2.39 . ****ers. I’m dealing with etrade from now on
Click to expand...

I got it at 0.714 on 1/7 and took more at 0.717 on 1/11.

Just sold enough to cover my investment + 25% this morning at 2.10, the rest I'm gonna ride and see what happens.
 
Cribby said:
@Cryptical Envelopment wjays your thoughts on this? I’m intrigued to buy.

www.google.com

Emerald Health Therapeutics Receives $20.5M Payment from Village Farms and Outlines Growth Plans

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2021) - Emerald Health Therapeutics, Inc. (TSXV: EMH) (OTCQX: EMHTF) ("Emerald") has received from Village Farms International Inc. $19.9M plus $621,534.25 in interest, representing full repayment of the promissory note issued by Village...
www.google.com www.google.com
Click to expand...

It was great. Big boys pay their debts. It's off their balance sheet now.

Buy what? FYI, y'all, I SOLD off 10% of my VFF, LPTX, and CFMS this morning. Let's take some profits along the way.

I am getting pretty nervous about this market. Everyone seems fat and happy.
 
The argument for the continuation of the Bull Market in small caps. Liquidity - a ton of money on the sidelines and a lot of that will come into the market (especially, with fixed income returns so low). Valuations - small caps, for example Russell 2000, valuations are almost half the S&P. Stimulus- 2 trillion in government spending about to come.

Happy trading!
 
Back
Top