Stock Thread (21 Viewers)

[Bossman]

Tell me if this made sense ...
I was looking to take profit on LCID being up 10% today at $3.95 ...
Instead of selling the shares I decided to sell 9/20 $4 covered calls for 0.35
So if the stock is over $4 per share on 9/20, I'll cover and will have received $4.35 per share ... (vs $3.95 per share if I just sold shares today)
If it stays under $4 per share I keep the .35 per share premium and the stock.
I understand this limits upside but wanted to lock in gains.

 

[pecorino]

Tell me if this made sense ...
I was looking to take profit on LCID being up 10% today at $3.95 ...
Instead of selling the shares I decided to sell 9/20 $4 covered calls for 0.35
So if the stock is over $4 per share on 9/20, I'll cover and will have received $4.35 per share ... (vs $3.95 per share if I just sold shares today)
If it stays under $4 per share I keep the .35 per share premium and the stock.
I understand this limits upside but wanted to lock in gains.

Correct. I would add that you need not hold these calls to expiration. For instance, if the share price goes down then the calls will go down, too. You can “buy to close” your calls if you choose. I tend to do that once most of the premium is out of the call, in your case if they hit 0.10, for example, in the last two weeks or so. It’s a small price to pay to recapture the potential upside.

 

[Dr_Zaius]

NVDA reports a week from today. Any thoughts? I feel like after this run up all year it’s going to need to be a blowout to sustain the fervor.

Calls are very high priced. I sold a $145 call (August 30) this morning. I’m playing it conservatively.

I was considering selling a covered call as well given how pricey they are.

I wasn't as quick on the draw as pecorino and thus missed out on good prices for the August 30 calls, but ended up selling a $151 September 20 call today. Seemed like a good combo of decent premium and unlikely to trigger.

 

[KGB]

I was over extended on risky stuff. Sold for a slight profit before the weekend.

If nvda dips during the week next week, might buy back calls.

Also bought puts on SNOW and EBS at end of day

 

[Capella]

Next week will be interesting with nvda. Can’t wait. I like the thrill of it all lol

 

[-OZ-]

big fan of CAVA, the restaurant and the stock.

 

[SFBayDuck]

big fan of CAVA, the restaurant and the stock.

Ate it for the first time this week for lunch while in NYC. Was really good, I get why people like it so much.

 

[pecorino]

big fan of CAVA, the restaurant and the stock.

Just a smidge overpriced, don’t you think? I looked at it in the seventies last week and thought so.

 

[-OZ-]

big fan of CAVA, the restaurant and the stock.

Just a smidge overpriced, don’t you think? I looked at it in the seventies last week and thought so.

Maybe. I thought it was the next Chipotle when I bought a few months ago.

 

[KGB]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 4

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

 

[SFBayDuck]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 3

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

Is this a fun gambling thing?

 

[KGB]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 3

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

Is this a fun gambling thing?

Serious as balls

 

[KGB]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 3

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

Is this a fun gambling thing?

So seriously. If I do t write that. All I get is how I should just hold for 20 years instead. Or private messages about not to do it because I'm going to go broke and ruin my life

While appreciated. Just letting people know I'll be ok.

 

[SFBayDuck]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 3

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

Is this a fun gambling thing?

So seriously. If I do t write that. All I get is how I should just hold for 20 years instead. Or private messages about not to do it because I'm going to go broke and ruin my life

While appreciated. Just letting people know I'll be ok.

I dare you to post your trades in one of the FIRE Facebook groups. Ask if it’s a good strategy to save for retirement. They’ll lose their freaking minds.

 

[KGB]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 3

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

Is this a fun gambling thing?

So seriously. If I do t write that. All I get is how I should just hold for 20 years instead. Or private messages about not to do it because I'm going to go broke and ruin my life

While appreciated. Just letting people know I'll be ok.

I dare you to post your trades in one of the FIRE Facebook groups. Ask if it’s a good strategy to save for retirement. They’ll lose their freaking minds.

Lol. That would be awesome. Pretty sure I'm accomplishing the same this here

 

[KGB]

Have a good weekend all

POST 1

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money...

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570

8-9 Sell EBS puts.... $1575 = +$475 on EBS


Starting $1000
CRWD $0 so far....... but have 5 house money
EBS $475
Total + $475

Tomorrow buying NVDA 8-30 CALLS

Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $3716

POST 2

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. holding
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $8584

POST 3

Just for fun... $1000 start (or so )

7-19 - Buy CRWD PUT (as the delta airlines and everything was out) $1.50 quantity 7. $1050
8-8 - Sell 2 of those 7. $1050...... now with house money... sold again plus $2000.

8-8 Buy EBS PUT $500
8-8 Buy Another EBS PUT $570
8-9 Sell EBS puts.... $1575 = +$475 on EBS

8/12 purchased NVDA calls for 6 contracts $4.46 8-30... current value $7368 total return $4692. ((((SOLD HALF HOLDING HALF)))
8-16 end of day purchased EBS puts $7.50. 7 contracts $.75 exp 9/20 Sold Down like $100

8-20 Purchased NVDL $85 calls 9-13. $4.00 cost
8-20 Purchased LESL $3 puts 9-20. $.259


Yes this is just a fun gambling thing....

CURRENT VALUE OF ACCOUNT $10400

POST 3

Just for fun... $1000 start (or so )

Current ongoings after buying and selling a bunch of **** for ****

still have my NVDA $116 Calls. 8/30 Cost $4.46------ value $15.30 $4600 worth
SNOW - $114 put....8/30....Purchased $1.75-----Value 1.77
DJT -- $20 PUT - 9/6 Cost $1.00 ------ Value $.86
EBS $7 Put --- 9/27 COST .60----Value $.68


Yes this is just a fun gambling thing...

CURRENT VALUE OF ACCOUNT $10969.79

Is this a fun gambling thing?

So seriously. If I do t write that. All I get is how I should just hold for 20 years instead. Or private messages about not to do it because I'm going to go broke and ruin my life

While appreciated. Just letting people know I'll be ok.

I dare you to post your trades in one of the FIRE Facebook groups. Ask if it’s a good strategy to save for retirement. They’ll lose their freaking minds.

Ironically. We are Fire soon.

Just trying to figure out insurance

 

[stbugs]

big fan of CAVA, the restaurant and the stock.

Just a smidge overpriced, don’t you think? I looked at it in the seventies last week and thought so.

Maybe. I thought it was the next Chipotle when I bought a few months ago.

That would be fun. I knew I should have bought way more than the 50 shares I do but up well more than double so far. I waited too long when I knew it would break $30 (work always gets in the way). I missed that day and heard it was all over Reddit and it went from $27 to over $40 in the blink of an eye.

 

[identikit]

Took the plunge for a chunk of CAVA today

 

[KGB]

Nvidia CEO Jensen Huang is joining Bloomberg TV for an exclusive interview after the chipmaker's highly anticipated earnings. Watch here at 6:30 pm ET on Wednesday

https://trib.al/SMkuALT

 

[Lomez]

Will there be boob autographs?

 

[identikit]

Happy NVDA Day, folks!!!

 

[Capella]

Happy NVDA Day, folks!!!

Well hopefully it is

 

[McBokonon]

$SMCI, wait

 

[Schmeabs]

$SMCI, wait

Put in a limit order to buy at $402 instead of a market order when it was at $402.25. Oof

 

[NajehHejan]

Everyone holding nvda through earnings?

Gulp.

 

[JB Breakfast Club]

Everyone holding nvda through earnings?

Gulp.

My brother is a new investor, and he wanted to put 100% in NVDA pre-earnings. So...it's on the radar of even the most casual investors.

 

[Capella]

Everyone holding nvda through earnings?

Gulp.

My brother is a new investor, and he wanted to put 100% in NVDA pre-earnings. So...it's on the radar of even the most casual investors.

Ruh roh

 

[Dr_Zaius]

Seriously thought about buying a 115 Aug 30 put yesterday afternoon on the off chance they disappoint (and as a hedge for NVDA being my largest long holding), but they were so expensive that I didn't pull the trigger. I guess we'll find out in a few hours if I should regret it.

 

[Steeler]

Everyone holding nvda through earnings?

Gulp.

My brother is a new investor, and he wanted to put 100% in NVDA pre-earnings. So...it's on the radar of even the most casual investors.

Ruh roh

That's what I thought, too.

 

[SFBayDuck]

Everyone holding nvda through earnings?

Gulp.

My brother is a new investor, and he wanted to put 100% in NVDA pre-earnings. So...it's on the radar of even the most casual investors.

Ruh roh

That's what I thought, too.

Sell Trading GIF - Sell Trading Places - Discover & Share GIFs

Click to view the GIF

tenor.com

 

[SFBayDuck]

Someone I know that is in Investor Relations posted this morning "The CEO has been selling heavily every day since June. Yes, part of a 10b5-1, but that tells you all you need to know, IMO. This quarter may be fine, but sooner or later, water finds level. SELL. Maybe not today, but at some point soon. The stock is up 179% this year, 3,000% over the past five. SELL. Any other play, might as well be in a casino. IMO."

Just one man's opinion, of course.

 

[FreeBaGeL]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

 

[KGB]

Everyone holding nvda through earnings?

Gulp.

Sold most of my calls and purchased stock at $124.80

 

[Capella]

Someone I know that is in Investor Relations posted this morning "The CEO has been selling heavily every day since June. Yes, part of a 10b5-1, but that tells you all you need to know, IMO. This quarter may be fine, but sooner or later, water finds level. SELL. Maybe not today, but at some point soon. The stock is up 179% this year, 3,000% over the past five. SELL. Any other play, might as well be in a casino. IMO."

Just one man's opinion, of course.

This seems a touch dramatic but I did take my LegoProfits ™ from a small cache I bought last month. If it drops today I’ll just do that again.

 

[ghostguy123]

What time do these earnings drop?
Oh, 4:20. Perfect

 

[ghostguy123]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

Taxed on every sale is sure a heck of a lot better than being taxed on unrealized gains....which is being proposed

 

[FreeBaGeL]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

Taxed on every sale is sure a heck of a lot better than being taxed on unrealized gains....which is being proposed

Meh. Only on holdings 100M+ and only in cases where 80% of the owner's liquidity is loans against that holding, and refundable if the stock loses value.

Not to get political, but that whole thing has been pretty highly misrepresented. They're just trying to narrow the tax loophole of billionaires borrowing against their stock instead of ever realizing their gains.

 

[FreeBaGeL]

I will say, regarding NVDA, that I am optimistic. I worry long-term that companies will stop buying GPUs if they continue to not actually generate revenue/profits on their AI investments. But short term and for this report I haven't seen any indication that we're there yet as every other company's earnings still include statements that they're tripling down on AI.

 

[Capella]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

Taxed on every sale is sure a heck of a lot better than being taxed on unrealized gains....which is being proposed

No it’s not.

 

[ghostguy123]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

Taxed on every sale is sure a heck of a lot better than being taxed on unrealized gains....which is being proposed

Meh. Only on holdings 100M+ and only in cases where 80% of the owner's liquidity is loans against that holding, and refundable if the stock loses value.

Not to get political, but that whole thing has been pretty highly misrepresented. They're just trying to narrow the tax loophole of billionaires borrowing against their stock instead of ever realizing their gains.

It always starts somewhere

 

[General Malaise]

I see fear mongering has returned.

 

[General Malaise]

I have some unrealized losses I'd like to use, tho.....

 

[guru_007]

 

[ConstruxBoy]

Everyone holding nvda through earnings?

Gulp.

My brother is a new investor, and he wanted to put 100% in NVDA pre-earnings. So...it's on the radar of even the most casual investors.

Yikes. When the shoe shine boys start giving stock tips....

 

[GreenNGold]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

You only owe taxes on the net gain, not the gross sale amount.

 

[FreeBaGeL]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

You only owe taxes on the net gain, not the gross sale amount.

Yeah good point, but since I think they do FIFO and I bought a lot in the $100's pre-split, I think those would be the ones I'd get charged capital gains on if I sell part of the position.

 

[FreeBaGeL]

NVDA beat. Stock is fairly flat. I'm assuming everyone is waiting to hear an update on Blackwell in the call.

EDIT: Now fading.

 

[guru_007]

Revenue was $30B. I think they were expecting closer to $32-33B

 

[beef]

not crushing beats = loss

 

[GreenNGold]

This is why it sucks that we're taxed on every sale instead of just when we actually withdraw the money. I would love to roll some NVDA into something safer, but the tax hit would be brutal and I could only buy 65% as much of the new stock as I hold in NVDA.

You only owe taxes on the net gain, not the gross sale amount.

Yeah good point, but since I think they do FIFO and I bought a lot in the $100's pre-split, I think those would be the ones I'd get charged capital gains on if I sell part of the position.

Yeah still a lot of taxes, but those shares that you held more than a year would also be at the long-term capital gains rate which is much lower. Anyways, my theory is it's always better to owe on gains than the alternative, congrats on buying back when I thought I already missed the boat!