Even though almost all these stonks are heavily down and screens are red but deep down I’m be like FUCK YEAH Boiess…!

Sold puts a month ago on following companies (30 dte to 370 dte)

NVDA:- $170
AVGO:- $280
AMZN:- $205
FSLR:- $150
ORCL:- $110
CELH:- $25

APP:- $260 (30 dte left so most likely this will be assigned)

NCLD:- $22 (getting raped even after hours, but position size is small so won’t affect much)

IREN:- $29 (just sold today as already own 200 shares so wanted to increase some more exposure)

RKLB:- $55 (also getting raped after hours, only 2 contracts though)

Sofi:- $16 (this will be assigned by end of this week)

GDXJ:- $105 (Gold etf, would love to start a position in gold as want to diversify a bit)

Now just imagine I bought these Stonks straight out a month ago, my portfolio would have down probably -40%.

So the thing I dreaded before I started this has now happened. Every single high risk AI stock that I was running puts on has crashed significantly below the put price. I got my 4th assignment - DRAM at 59. The DRAM was my own doing and not from the AI list. To prevent more assignment, I'm rolling as much as I can today to prevent more assignments.

The drawdown is extreme. Since this was a retirement spending simulation, I guess, this would be a budget week because the premiums what I'm using to simulate income is much lower than the target 1%.

I havent even bothered with the screening this week because everything is a roll. If I had more dry powder, would be selling more puts on everything. Last week's post for more details on strategy etc. - https://www.reddit.com/r/thetagang/s/uAlztIsjKG

Trades:

Trades include a 1:2 AXT roll I did on Tuesday to avoid AXT assignment.

Total Returns

History

got $410 credit for 135p exp in 28 days
.26 delta
will prob close at 50%+
and willing to get assigned 🤷‍♂️

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

Twenty years ago:

The Naz was roughly 2,357 on Friday, October 13, 2006, the last trading day before the date 20 years back.

The Nasdaq Composite closed around 5,214 on October 14, 2016, which was the closest trading day ten years ago.

Five years ago, on October 15, 2021, it closed around 15,022, so it nearly tripled in that stretch.

Today, 26713.

When there is an ever increasing supply of something and that something loses value over time… and there is an incredibly liquid market to access the frontier of innovation, value and wealth creation that is largely open to all, where are people going to put their ever more abundant electronic assets.

If you just bought to index and did nothing, your 20K is worth somewhere around 230k twenty years later.

If you were clever or lucky you did much better.
Chance favors the prepared mind.

Twenty years ago, gas was $2.20 a gallon. Now, at the potential worst part of this war, the average is $4.33. It has doubled vs 11X for the Naz.

Just chill. You are going to be fine if you don’t lose your shit.