QuebecPride
Registered User
My lord, selling CCs on AMC has been insanely profitable. Like insanely profitable. Sell weeklies at $70 is $500-600 per contract.
So you're betting that the stock will remain in a narrow band of prices, is that it?
My lord, selling CCs on AMC has been insanely profitable. Like insanely profitable. Sell weeklies at $70 is $500-600 per contract.
So you're betting that the stock will remain in a narrow band of prices, is that it?
Yep, as long as the price remains below $70 at the end of the week, I keep the premiums and the stock. And even if it does, with the premiums I'm getting I can afford to buy back the shares at a price up to $76 without losing anything, if I so choose.
Selling covered calls is the best. You get money for buying and holding.
It's somewhat risky to my liking because you're betting against volatility in a highly volatile stock, but good for you if it works man.
Is anyone else in oil or am I the only one?
It’s not first time I see this but oil prices on the rise. Already at 3 year highs with potential for more:
Bank of America projects 2022 oil prices near $100 on growing travel demand
Next few weeks crypto should be fascinating. If BTC loses support at 30k lookout.
Next few weeks crypto should be fascinating. If BTC loses support at 30k lookout.
I keep adding a little in Ethereum, but I'm not putting a dime more in Bitcoin.
...
Had a pretty good return in a few weeks with the CSN Fondaction. I invested early June, and since they report the new price at the end of June, got a 12% return in one month, on top of the RRSP tax deduction.
Too bad the FTQ don't allow discretionary investments this year.
Nice gains.
For comparaison with my work retirement
1 year = 26% compared to 22%
3 years = 13% compared to 9%
I invested some money in higher risk portfolio with the matched contribution
I put 4% the employer put 4% too
It's easy free money.
I put all of my safe money in zsp, bmo's s&p index fund, hedged to cad. I'm honestly not sure what is better for index funds for Canadian investors but if cad goes up against the usd I don't fare as well as the s&p.Hey guys,
I had two questions.
1. I was wondering which low cost (like Vanguard/iShares) ETFs people would suggest. I'm talking very long term (i.e. retirement money) investing.
2. Does anyone have an expense tracker app they would recommend (that links to bank accounts for easier tracking). I've always done it myself through Excel but it was painstakingly long to do.
What are you favorite stocks ? Mine are: TSLA, SE, SQ, SHOP.
My most hated stock: NKLA, AMC
I put money in XEQT, it is spread out of a ridiculous amount of different Ishares funds. VEQT is the Vanguard equivalent. Looked at ZEB, BMO Canadian Bank ETF, but went the XDIV for Banks, and some Energy in there as well.Hey guys,
I had two questions.
1. I was wondering which low cost (like Vanguard/iShares) ETFs people would suggest. I'm talking very long term (i.e. retirement money) investing.
2. Does anyone have an expense tracker app they would recommend (that links to bank accounts for easier tracking). I've always done it myself through Excel but it was painstakingly long to do.
Hey guys,
I had two questions.
1. I was wondering which low cost (like Vanguard/iShares) ETFs people would suggest. I'm talking very long term (i.e. retirement money) investing.
2. Does anyone have an expense tracker app they would recommend (that links to bank accounts for easier tracking). I've always done it myself through Excel but it was painstakingly long to do.