Misery loves company

You are addicted to the adrenaline Java. I had a great week too. The last 10 days have been good. Tesla bounced back, and im in on the stock split coming up later this month. Walmart finally bounced back. I bought some decent size amounts in both on Tuesday before the CPI report came out. I saw gas prices come down, I see real estate prices sputtering, prices of some commodities inching down. I figured inflation numbers would come out favorable and rolled the dice. I had a hard time sleeping that night. Woke up at 3:00 am , doubting my move. I invested just enough to get the butterfly’s and adrenaline going pretty good. CPI report came in good, boom, stocks took off. The dice rolled just right, like they almost always do for me. Great day. The high from watching the morning cash roll in lasted several days. Also, opened escrow on a development deal in LA with Brandon Hance’s company. Former SC QB. looks like it’s going to be a nice deal. Set to close mid September. looks like it’s going to be a kaboom for me. Rivian has been doing better, hopefully you stayed in for that bounce.

I was thrilled that last friday my put for 60,000 shares of Rivian expired. I still own about 2,000 shares of it. Not terrible excited. Also happy that a put for 40,000 shares of Robinhood expired. Neither were supposed to be that much. But as both sank I would buy them out. Then sell twice as many shares top get the $ back, at a lower strike price DOwn and down it went and I kept ended up with way more of each. Thankfully both finally expired above $9 for Hood and $35 for Rivian and I didn't have to fork over money I didn't have for them.

I did wind up with $1,000 shares of Tesla at $695 on a put gone bad. Then it split. So my basis is $232 basically. Last I checked it's $300 and I keep selling calls bot $20-$30 above where it's at, figuring if I am forced to get out I am doing so when it jumped up by $60,000-$90,000. So I can comfort myself with that.

Here's my latest problem. See above where I said Isold calls on Apple at $170? It HIT $170. Cashed out. So I now have about $2.5 mil in capital gains there, and 3 months to figure out how to realize enough losses to offset that without getting murdered in taxes. I bought it all back at $165 or something but that doesn't count. CPA says nope, you still owe it. I said ok, what if I sell everything I am at a loss on and buy it back the next day? That way my losses can offset Apple? NOPE she said, doesn't work that way. You have to wait at least 30 days I think she said. Maybe 90. Either way, government plays a game of heads I win tails you lose that way. So these games may cost me a lot come April 15.

Oh and it's worse. When you make that much? If you didn't make even deposit payments through the year? They nail you for being out of balance. Like I was supposed to know in September Apple was going to hit $170 and cause me to take a $2.5 mil gain and the taxes that go with it.

I should go start my own government.

And yeah, while I survived some of those puts? I have puts on BROS out there, Amazon, Baba, JNJ, META, STAG, that are either upside down or close to it. So not out of the woods yet.

Good call ‘52. Where do I send you your cut?