Money Investing megathread extravaganza - Page 38

**DaFace** · 06:35 PM

A place to talk about investing stuff.

scho63 · 01-12-2017, 09:42 AM

I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.

I buy puts and calls only, not index options.

I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.

**Dunit35** · 01-12-2017, 10:58 AM

Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.

**Buehler445** · 01-12-2017, 11:45 AM

Quote:

Originally Posted by Dunit35

Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.

I need to get this done.

Our card for personal stuff is a Cabela's CLUB card. Which I'm going to dump because Bass Pro is rolling that business into Chase. I know a lot of people at WFB...

ChiliConCarnage · 01-12-2017, 11:56 AM

Quote:

Originally Posted by Dunit35

Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.

They actually modified the existing card
It used to be 3% amazon/2% some categories like restaurants, etc. 1% everything else

They modified it to where non-prime members get 3% but prime members get 5% now. Pretty sweet.. I'm assuming they'll get rid of the Amazon Prime Store card that used to give 5% off at Amazon with nothing else.

Abba-Dabba · 01-12-2017, 12:16 PM

Quote:

Originally Posted by scho63

I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.

I buy puts and calls only, not index options.

I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.

Very nice. How long did it take for that position to play itself out?

Options are just a fun game to me. I don't really care about losing too much because it is going to happen with options whether you like it or not. I try to limit losing by taking short, less expensive positions. OF course there is more to it than just that. But nonetheless, if I make money, great!. If I lose, I hope to learn something. I do not concern myself with any fees either. That is just part of the game. I will say I have made more money than lost. But most of that has just come down to luck.

Abba-Dabba · 01-12-2017, 12:20 PM

Quote:

Originally Posted by RubberSponge

At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.

Still like the position I am in with this trade. BAC took a step back while some repositioned money. If BAC goes down tomorrow. Which I don't anticipate in the morning. I will hold on probably over the weekend. If it spikes on earnings, I'm selling out.

EyePod · 01-12-2017, 12:23 PM

100% VTSAX for life! No thought required and better than any actively managed fund.

**Dunit35** · 01-12-2017, 12:59 PM

My only question is.

I have three cards already. All with zero balances. One I haven't used since 2010 and only keep it because it is my oldest account. Should I cancel it? We will be upgrading houses in 4-5 years and I want a top notch score.

Abba-Dabba · 01-12-2017, 01:25 PM

Quote:

Originally Posted by scho63

I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.

I buy puts and calls only, not index options.

I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars.

Do you ever buy anything other than a long call or put?

scho63 · 01-12-2017, 02:17 PM

Quote:

Originally Posted by RubberSponge

Do you ever buy anything other than a long call or put?

I buy MOSTLY short term calls or puts that expire within the week. I've even bought options on a Friday morning that expire at the end of the day hoping to catch a big move with high leverage.

I have to be careful because twice this year I was designated as a day trader for moving in and out of more than 4 round trips in a single day and it caused all kinds of alarm bells.

I need to keep $25,000 minimum in my trading account to satisfy Scottrade if I want to day trade so I don't do it.

One time was an error because I liquidated options that were in the money over two days and in 5-10 contract blocks instead of selling all 70 at once. Got hit with like 6 R/T trades on that the way the new rules apply.

Do you ever notice how traders try to move a stock to close at the strike price on Friday's close?

**DaFace** · 01-12-2017, 05:04 PM

Quote:

Originally Posted by Dunit35

Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.

And yes, we pay off monthly.

Saw that. I already had the card, so it's nice to just have a new perk.

Halfcan · 01-12-2017, 05:59 PM

Has anyone on here used the Nova X Report?

It is being pushed hard on financials websites.

Also-who is into the Medical Pot stocks. I have 4500 shares of one "company" that did not do squat. Some other stocks soared 125,000%. Curious where you think the next play is with so many states changing pot laws.

scho63 · 01-13-2017, 10:24 AM

Just pulled the trigger on VERY RISKY Amazon $822.50 call options that expire at 4pm today.

23 calls for $1,403.10 = .61 CB includes commission

I'll try to get out by 2pm at the latest. Trying to get at least .85-.90 for them

scho63 · 01-13-2017, 10:35 AM

Quote:

Originally Posted by RubberSponge

At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.

So did you sell? Now you're underwater if you held

scho63 · 01-13-2017, 10:59 AM

The bid-offer on my AMZN options are now 1.20 - 1.29 and running, looks like a short squeeze.

I should sell half the position

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1623101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,112

01-12-2017, 09:42 AM	#556
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $-680000	I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock. I buy puts and calls only, not index options. I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 54,896

01-12-2017, 10:58 AM	#557
Dunit35 Keepin it Real Join Date: Sep 2004 Location: Oklahoma Casino cash: $-2062955	Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it. And yes, we pay off monthly.
Posts: 10,507

01-12-2017, 12:23 PM	#562
EyePod Forgetting 2013 season end. Join Date: Jun 2007 Location: Around Casino cash: $9995735	100% VTSAX for life! No thought required and better than any actively managed fund. __________________ I did not believe in Mahomes until week 1. I've been woke ever since. I'm on board this freight train.
Posts: 5,800

01-12-2017, 12:59 PM	#563
Dunit35 Keepin it Real Join Date: Sep 2004 Location: Oklahoma Casino cash: $-2062955	My only question is. I have three cards already. All with zero balances. One I haven't used since 2010 and only keep it because it is my oldest account. Should I cancel it? We will be upgrading houses in 4-5 years and I want a top notch score.
Posts: 10,507

01-12-2017, 05:59 PM	#567
Halfcan In Search of a Life Join Date: Aug 2005 Casino cash: $7327995	Has anyone on here used the Nova X Report? It is being pushed hard on financials websites. Also-who is into the Medical Pot stocks. I have 4500 shares of one "company" that did not do squat. Some other stocks soared 125,000%. Curious where you think the next play is with so many states changing pot laws.
Posts: 43,200

01-13-2017, 10:24 AM	#568
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $-680000	Just pulled the trigger on VERY RISKY Amazon $822.50 call options that expire at 4pm today. 23 calls for $1,403.10 = .61 CB includes commission I'll try to get out by 2pm at the latest. Trying to get at least .85-.90 for them Attached Thumbnails __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 54,896

01-13-2017, 10:59 AM	#570
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $-680000	The bid-offer on my AMZN options are now 1.20 - 1.29 and running, looks like a short squeeze. I should sell half the position __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 54,896