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Investing
- Thread starter Kepler
- Start date
ericredaxe
Veteran
Don't look at your 401k's today! 
ticapnews
Never graduate.
I just rebalanced my IRA so I won't be looking at it for a while.
SPCX went on another roller coaster ride today, cratering to 111, back above 116 before crashing back to 110 before closing at 112. Options players can make bank with this volatility, but it's a high risk game.
SPCX went on another roller coaster ride today, cratering to 111, back above 116 before crashing back to 110 before closing at 112. Options players can make bank with this volatility, but it's a high risk game.
ticapnews
Never graduate.
SPCX dropped to 107.57, almost an all-time low, before closing slightly above that.
I decided the risk is worth it and began playing LEAPs - basically bought long term put options at $95 and am selling $94 puts for next week when the price is low, then buying them back when the price rebounds. Then reselling when the price goes back down. I've grown my portfolio 20% this week alone and have almost earned back all the money I invested through sales. So even if it somehow never makes it to 95 I will still make money.
Monday and Tuesday should be wild ahead of earnings on Tuesday afternoon. Then the next round of early investors will drop almost 2 billion shares on Friday.
I decided the risk is worth it and began playing LEAPs - basically bought long term put options at $95 and am selling $94 puts for next week when the price is low, then buying them back when the price rebounds. Then reselling when the price goes back down. I've grown my portfolio 20% this week alone and have almost earned back all the money I invested through sales. So even if it somehow never makes it to 95 I will still make money.
Monday and Tuesday should be wild ahead of earnings on Tuesday afternoon. Then the next round of early investors will drop almost 2 billion shares on Friday.
