Sofi is one of the stocks I hold for my experiment. They had a huge pump only to dilute shareholders to raise capital
If they can inflate they will inflate. This is why Bitcoin wins!
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Sofi is one of the stocks I hold for my experiment. They had a huge pump only to dilute shareholders to raise capital
If they can inflate they will inflate. This is why Bitcoin wins!
Wow pretty good! So you wanted to sell covered puts? Or calls?
I was gonna try and run the wheel strategy with covered calls and cash secured puts. I don't want to use margin but I like the idea of buying extra stock with leverage if I trust holding the underlying long term
Whats holding you back?
I've been looking at selling a way out of the money (or what I thought was) covered call that would expire in a couple days to try and get the feel but I really don't want to trigger a taxable event if I get assigned (I think I should be able to just buy one to cover it but im still not 100% on how robinhood works) and I don't pull the trigger then there is some 10% jump (this was on my other SPAC position RKLB). I guess I just need to set some sane stop limits but I feel like I can't follow it close enough to get in and out properly
Yeah plus if you don’t know what you are doing you can get rekt
With the emergence of new shares, the price will decrease...the market cap will increase, but the revenue will decrease...
This is exactly the same social trap as the "tragedy of the "common pasture"