I kicked my SOXL puts til next week 11/22 1x 33, 2x 33.5, 2x 34 got decent premium but if it drops this week I'll regret not taking assignment. Time will tell. It's great that you've got a plan to dig your way out when upside down. It may take some time but your golden rule - never sell below cost basis - is still golden. Good luck to us all next week!
ROD - Appreciate the content and Options updates. $SOXL appears to be at a point of support on the Daily Chart ($26.70 area). If it breaks below $23.50.. Oh boy.. Look out below!
Everything got so f'n expensive in the last few weeks! Makes me pass on a lot of things at the top of their Bollinger bands. Fortunately SOXL is at the bottom of the Bollinger bands, so hopefully it'll go back up. You gotta stop taking assignment and roll those trades dude for exactly the reason you mentioned about dead shares doing nothing (although now that it's at the bottom of the band new assignments might be more tolerable). I have 100 shares at 37 and I'm gonna be a lot more picky going forward on whether I want assignment or not. I do like that premium though. Great income for the month!
you'll be out of those soxl shares on friday after nvda earnings. i can't wait for the name change of the channel to retire on dividends and options. keep killin it, man. this is a skill we can use forever now. it's a wrap!
Actually, you can take the money before 59.5 if you take substantially equal payments. It is a way around the age restriction. I am not sure if that is what is is actually called but it is a way to get money out of a tax advantaged account.
I kicked my SOXL puts til next week 11/22 1x 33, 2x 33.5, 2x 34 got decent premium but if it drops this week I'll regret not taking assignment. Time will tell. It's great that you've got a plan to dig your way out when upside down. It may take some time but your golden rule - never sell below cost basis - is still golden. Good luck to us all next week!
Do not quit your job,hang in there you have my support.You did inspire me too
ROD - Appreciate the content and Options updates. $SOXL appears to be at a point of support on the Daily Chart ($26.70 area). If it breaks below $23.50.. Oh boy.. Look out below!
Thank you i been learning a lot, i see your videos every morning, and you option videos are my favorites, you give me the passion to do options,
Good premium. I rolled my tsll puts into next week.
Fricken SOXL man fricken SOXL needs to go up for us!
Your video came put good. Thanks Rod.
Everything got so f'n expensive in the last few weeks! Makes me pass on a lot of things at the top of their Bollinger bands. Fortunately SOXL is at the bottom of the Bollinger bands, so hopefully it'll go back up. You gotta stop taking assignment and roll those trades dude for exactly the reason you mentioned about dead shares doing nothing (although now that it's at the bottom of the band new assignments might be more tolerable). I have 100 shares at 37 and I'm gonna be a lot more picky going forward on whether I want assignment or not. I do like that premium though. Great income for the month!
you'll be out of those soxl shares on friday after nvda earnings. i can't wait for the name change of the channel to retire on dividends and options. keep killin it, man. this is a skill we can use forever now. it's a wrap!
Hahah maybe…….
❤❤❤ROD❤❤❤thank you have a good weekend too
Took my medicine and got 300 at $31.50 also
Actually, you can take the money before 59.5 if you take substantially equal payments. It is a way around the age restriction. I am not sure if that is what is is actually called but it is a way to get money out of a tax advantaged account.
Rule of 72
Next time roll and bad short put out for more time.
nice
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