Sold 200 calls Carvana. Again. Rinse and repeat.
.72 a share. 4/25 date. $265.
$14,266. Yawn.
Do this enough times and I have $250k to splurge on a depressed stock like tqqq
Which is up from $40.66 to $42. Seems to be bouncing around 40-45 right now. Doubt Trump could do anything worse. Except maybe declare WW3. Which he already did financially. Or maybe start sending people to a gas chamber. Absent that the worst news may be over and the market will absorb.
Market always is ahead of the economy and always overreacts one way or the other. Which is why I was selling all the calls I was for the first 90 days
What in the hell is that? sc
We have to get comfortable with volatility. The chaos and uncertainty works great for you, not as well for me. I bought some AAPL and WMT 2 days ago figuring they are solid companies getting hammered for panic reasons. The financial markets are always forward looking. Keep the seat belt on, turbulence will persist. Musk coming out against tariffs could work in our favor.
Edit: Something is happening with real estate too. I was offered three foreclosure properties last week.That hadn’t happened in several years. FHA delinquency is climbing. But that’s a different post/topic.