$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ over 28 ...
next grand slam..
BUY DRN
12 month target over 20
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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White_Shadow : great equity
10baggerbammOP White_Shadow: it's going higher if you've got dead stocks in your account or you're sitting on cash you have to buy DRN. 12 month Target price over $20.
White_Shadow 10baggerbammOP: great product to diversify with
10baggerbammOP White_Shadow: today was the first day that I saw a bobblehead on TV who's a real estate analyst for a private investment Bank and he said it's time to begin to accumulate this sector he listed five companies all five are in this portfolio in this basket this leveraged ETF. so I'm on the right side of History I've nailed these ETFs and this one is going to be a huge huge win I have 50,000 shares.. I'm not selling a single share until we crossed $20. I've sold naked puts to collect premium and if I get put the stock on any weakness this ETF I'm perfectly fine accumulating more shares. it's moving much much higher 90% of every mutual fund that ordinarily would have a real estate portfolio segment has none which means 90% will be buying real estate investment trust and real estate companies like data centers like cell tower companies like storage facilities and this portfolio is going straight up
White_Shadow 10baggerbammOP: that's all I ever do, I hold long term minimum of 2 years, when the price dips I stack to lower acps and wait...
White_Shadow 10baggerbammOP: damn, that is a nice little racket you cultivated there. 7k divided revenue added to your portfolio annually, compounds nicely over a long period
10baggerbammOP White_Shadow: if you're going to sell naked puts you need to know what you're doing number one you need to be prepared to be put either the stock/company or the ETF at the price of the strike.. which also means you need to have to have sufficient capital in your account or you need to go back in and buy back that contract that you sold and chances are you may be doing it at a loss so you have to be prepared for that as well because if the stock or ETF is falling the cost of that put is going up in value which means it may be higher than what you received hence a loss. so I'll give you a four example when it can go against you. I had 4,000 shares of the soxl already owned at about $35 1/8.. the market traded up it was now around $45 so I sold it and I wanted to buy it back but I didn't know when and if the market's going to fall so I figured screw it I'll sell some puts. so I sold 60 contracts that's 6,000 shares equivalent, at a 43 strike and I received 1.25 per contract and it was just over five and a half days so it was a Friday afternoon about 1:00 or so when I did it and the following Friday is when the options would expire worthless, or so I thought. the following week was when Iran was saying that they're going to attack Israel the market tanked and that Friday is where we receive constant reports imminent attack in attack and all of the tech stocks and everything else imploded.. so they close that Friday at $42 so I was put 6,000 shares at 43 with the underlying ETF at 42 meaning I'm already down $6,000 and the following Monday is when the market really tanked and this ETF went down below $32... so you want to talk about pain that's some pain that you have to endure.. fast forward the market recovered I sold 60 43 strike contracts this past Monday at $1.50 and they expired worthless so sometimes when you get put it it's not a good thing cuz you've got pain coming your way unless you take the loss.
10baggerbammOP 10baggerbammOP: nevertheless options can be a very good way to collect an income lower your cost basis or the other side of the coin is sell the covered calls at a higher price give somebody the option to take the risk that it's going to go up and they pay you the premium so you can catch revenue both ways you just need to know what you're doing and the consequences are.
10baggerbammOP 10baggerbammOP: typically every week on Tuesday or so I come through the list of all of the companies and the ETF's that I follow and I look for anything that has a nice chart moving a little higher meaning it's not breaking supports and I will sell naked puts to pick up random monies and it might be $700-800 it may be 2000- $3,000 but I do it every single week I won't do it on stocks or ETFs that have a negative bias to them because obviously I'm looking to pick up scraps not blow my account getting put large positions at one time
White_Shadow 10baggerbammOP: I don't do much options trading tbh. I'm still educating myself on options not confident enough yet to dive in with much capital but I probably will be soon
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