Sorry, RW. I wasn’t trying to be snarky or insulting. And I wish you well. I think it’s so much risk that, if I try to imagine it for my own psyche, a sense of being overwhelmed is what I feel. Hence, my thought, “maybe these posts are a cry for help.” But your psychology is different. And I can accept that your posts are not a cry for help.Help? In terms of knowledge and perspective....yes.Thanks, jarjarM.OP posted his current portfolio here. The rest is basically all in on NVDL/NVDA.So at this point, is it 1.1 million dollars in cash and the rest in NVDL? And how much is "the rest" at this point? 7 million? Just trying to understand where things stand as of now.
I've read more, and I understand where things stand now. RW, I am not a psychologist, but is it possible that your posts are a cry for help?
Otherwise....It is such a strange phenomenon that someone wants to have an honest discourse with differing opinions for exchange of ideas....that's how everyone learns and grows.
But when in the minority opinion, gets mocked, name called (addict...dumb and others that can found in the thread) and huge hyperbole around risks to my marriage and my qualities as a father. This is where the snark and hyperbole gets out of hand. Additionally, I see that others have suggested that this thread be removed. Why? Because I made different decisions than you would? I have not broken any forum rules.
I am an investor that currently oscillates between short-term trades and BH philosophy. I detail my ideas and actions including self-deprecating ones. I make mistakes as well as success. Currently I have more money than when I started with but not necessarily all the money I could if I made perfect decisions. I would like to have more money than I have today and bounce my ideas off the forum.
ok, enough of that. Here is what I decided as my exit strategy.
Exit Strategy
I will begin tomorrow, Friday, August 30 selling weekly Covered Calls on NVDL @ $65 strike price. That is equal to NVDA @ $125, which was my scenario 2. I will sell them 1 week out and NOT "roll" them when they become in the money. I will simply let them get "Called Away".
Current Situation:
- $8.3m Portfolio
- 108,400 NVDL sh ($6.2m)
- 5,500 NVDA sh ($625k
- 1,40 NVDA 65 12/18/26 Call Contracts ($925k)
Action Item Impact:
- $550k Cash
- Sell weekly NVDL Calls @ $65
- $8 rise in share will net me: +$867,200
- $9.1m if shares are called away based on rise in value
- Plus, I will get $1 premium for every Weekly Call. For every week, that is an additional $108k
.
- So if NVDL gets Called away on 9/6. I will have 9.2m (9.1 + 0.1)
I can unwind the other shares and Calls later. NVDL is what really moves my portfolio.
- If it takes all of September, then I will get 400k or 9/27 will be 9.5m
I will update as I submit. I will also attempt to answer questions. Keep in mind I am sane, but just have a high risk tolerance. But Beer30, jarjarM & muffins14 have me convinced to begin exiting. It took a while to get here but I will be comfortable and will submit my CC's tomorrow.
thanks for the great feedback,
RW
Statistics: Posted by chiliagon — Thu Aug 29, 2024 7:48 pm — Replies 441 — Views 112225