Coming back in
After previously exiting at 85, Baba has come back to a nice price again
I'll be looking to load up at 80 with 1/3 of my Baba budget in LEAPs with a strike price of 60, expiring 2 years out. (~8k atm)
If it drops to 70 ish I'll load up another 1/3.
The remaining of my 1/3 in Baba Budget, I'll use it to sell Cash Secured Puts at 65 in monthly options, earning 5% risk free rate meanwhile + 3% p.a. in options premiums for 8% p.a. returns
All the best, investing is for the long term. Ignore the noise and stay the course!
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StocksgoupOP 102319027: wdym few hundred bucks? clearly stated I'm investing 8k into baba at 80 price point lol. another 16k as planned
Btan StocksgoupOP: He looks down on those who do not invest at least 6 figures…. But then again he works at Porsche or something like that
Mett Btan: Can’t be la. Anyway no matter where he works, doubt can succeed with such a character