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Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 11:36 am
by SemiRetire
I am planning to play with play money with options. Not sure how to start as I am new bie in this. Is there any basic training info to enter into this. Any guidance please.
Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 12:05 pm
by JINSAKAI
SemiRetire wrote: ↑Sat Feb 22, 2025 11:36 am
I am planning to play with play money with options. Not sure how to start as I am new bie in this. Is there any basic training info to enter into this. Any guidance please.
I think below is good starting point
https://www.coursera.org/learn/derivati ... ns-futures
And below is overall overview of "Financial Markets" By Robert Shiller ( probably you may have already heard about
Shiller P/E ratio
https://en.wikipedia.org/wiki/Cyclicall ... ings_ratio )
https://www.coursera.org/learn/financial-markets-global
EDIT : added one more intro course
Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 1:23 pm
by SAPPORO
Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.
Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 1:26 pm
by JINSAKAI
SAPPORO wrote: ↑Sat Feb 22, 2025 1:23 pm
Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.
Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.
Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 2:56 pm
by SAPPORO
JINSAKAI wrote: ↑Sat Feb 22, 2025 1:26 pm
SAPPORO wrote: ↑Sat Feb 22, 2025 1:23 pm
Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.
Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.
I guess by now you would have figured out my deceptive marketing - Monthly dividends? - yes, 10-12%? - yes but annualized!
Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 3:33 pm
by JINSAKAI
SAPPORO wrote: ↑Sat Feb 22, 2025 2:56 pm
JINSAKAI wrote: ↑Sat Feb 22, 2025 1:26 pm
SAPPORO wrote: ↑Sat Feb 22, 2025 1:23 pm
Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.
Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.
I guess by now you would have figured out my deceptive marketing - Monthly dividends? - yes, 10-12%? - yes but annualized!
Yeah, looks QYLD is just Call Options on QQQ
, I was hoping for "audacious" returns around 18% to 48% annualized on capital of 100k
https://www.globalxetfs.com/content/fil ... tsheet.pdf
https://www.thestreet.com/etffocus/high ... re-you-buy
Re: Wheel Of Fortune
Posted: Sat Feb 22, 2025 3:36 pm
by SAPPORO
Such returns are obviously neither repeatable nor scalable, it so, all the fund managers would be out selling it and making a killing!
Re: Wheel Of Fortune
Posted: Fri Feb 28, 2025 8:46 am
by JINSAKAI
Another eventful week, my portfolio is down by almost 10%
, however only positive thing as expected the Call Option would expire worthless today
Re: Wheel Of Fortune
Posted: Tue Mar 04, 2025 12:08 pm
by JINSAKAI
Due to recent drop in SMCI price, my order to sell covered Calls went unfulfilled
, hence looks no action this week.
Re: Wheel Of Fortune
Posted: Wed Mar 26, 2025 4:38 pm
by JINSAKAI
After a month of mostly selling covered calls, collected around $7300 so far. Luckily all but one have expired so far, however realizing this just luck rather than some special skills
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