Finally broke 1000%
Posted Nov 15, 2019, 4:25 PM UTC
490109
They have been on a roll because of Azure. Google is salty as hell.
80
I don't know what made me buy MSFT over GOOGL 3 years ago because back then GOOGL was a lot sexier than MSFT, definitely not regretting the decision though.
55
You have been getting dividends too, where as you woudnt with Google. Not bad, brutha! I recently bought in on Microsoft and am only up 4% but I'm happy so far. I am buying way ahead of the news catalyst of the next Xbox release that comes out next year.
21
Just a word of warning: Consoles are huge money sinks for years. The new Xbox will likely piss off investors due to shortsightedness. It takes years before Sony or Microsoft break even on that initial investment.
25
Thanks for the warning. I'm ok with that. I'm long term holding Microsoft.
13
I dont think so, people seem to be okay with spending $ on a new console because it is being equated to upgrading a PC, at a fraction of the cost. Plus all the same games will work so there isn't any planned obsolescence like before.
2
What is buying? Ive only heard of calls and puts
6
Buying is when it never goes down.
1
Dividends on options?
1
Sounds like he means buy and hold, not options trading.
1
Google is done
1
good guy nadella, the man is unstoppable
1
Google cloud is meh. Aws and azure r a duopoly
6
Google has a unique way of making things overly complicated in a condescending fashion.
4
1000% on LEAPs?
Ban
(I know they’re not LEAPs now but I’m guessing they were when you bought)
42
This sub is wild. i’ve been buying far expiration slightly OTM for thirty years never risking more than 1% of capital on any 1 trade, occasionally doubling down and only 10% of total $ outside of index funds and I’m the risky guy at work. I’ll go away now.
15
I think a lot of people on here (or I hope) do something more like that - like you have a 401K and some savings and stocks. That’s all nice and responsible and BORING so no one’s talking about it here.
For me this kinda stuff is more about the thrill of taking few hundred $ and quickly multiplying that. THEN take out the profit - invest/save that - and repeat. Sometimes there’s opportunity with a stock (like ROKU recently) where I would never want to own it at that price long term, but the movement is too delicious to pass up. So I take the $ that a couple shares would cost and see what happens.
6
I scalped like $70 on nvda earnings with shares because I wanted dinner money.
1
Sir, this a WSB
2
Please do, your trading strategies sound pretty gay
1
They’re pretty safe on companies that can’t go tits up
8
If its a public company it can’t go tits up
10
Are you waiting until it hits 1050% or 0%
38
99.9%
3
Ayy another feller canadian
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Make Canada Great Again
8
*another 10.95/trader
8
Wait how can you tell? Is this TD
2
That’s the QuestTrade layout
7
When did you buy?
12
I bought them at the end of 2017
46
Wow you are patient lol
29
WSB version of Warren Buffett
19
Here I am desperately trying not to sell the ones I bought in October.
7
So two year leap? How did you managed not to sell already.
6
That’s incredible, I can’t believe those were that cheap.
5
Surprised you held through Dec 2018
4
Dude that's fucking cool. Cheers 🍻
2
Were you in a coma for 2 years?
2
How far OTM was it back then?
1
MSFT was around $80 when I bought them so 30% OTM
8
Lol that was crazy far away at that time. And you held through december 2018
3
Why doesn't more people play far out calls like this guy?
10
People do, people sell or reduce positions way before it hits 10x, you're also sorta looking at a guy that won the lottery and going "why dont people just buy more tickets like this guy?"
10
Premiums
5
Premiums decay way quicker in the last month than in the other months leading up to it.
10
Theta becomes significantly more noticeable in the last 6 months of a LEAPS life. Most people exit LEAPS once LEAPS for the next year are on the market to keep their theta decay menial and delta around 0.8
1
Aaah, you a Questrade man
6
Take your profit and run to the bank.
5
I hope you mean take my profit and roll it into SPY FD puts
47
I was really hoping to see this in red. :(. We all have our dreams...
5
I managed to do that here: https://i.redd.it/r9335u8y7r911.png
5
Damn... can't even question the skills.
3
How much did you pay for them? Sorry so many questions
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$380 each and they are now $4450 each
16
why is it so cheap?
2
he bought in 2017
12
Doesn't always work out. If you had bought CGC Jan 15 puts back in March this year when CGC was at $48, you would only have doubled your premium after all these months (and risk of CGC mooning)
4
It usually works much better for leap calls than leap puts. Puts are usually more expensive and they have limited returns. With OPs calls, upside is unlimited, if suddenly MSFT would rockt to 400 he would have 100x his money.
1
Brokerages need to implement an achievement system like xbox.
4
As long as they add a hiscores table for biggest losses
2
And biggest gains.
2
Nice! I will do this with AMD and hold for 2 years.
3
There’s stocks to own leap on like Msft, mcd, cost, intc, aapl and there’s stock you should play the swing roku, amd, bynd, tsla... gl
2
He’s got a point with AMD though...a 2022 Deep ITM LEAP @ $30 strike let’s say would be Breakeven at $46 on Expiry in 2022, with the catalysts in AMD’s future and since semis are sexy again, it wouldn’t be the worst idea and would cost 1/2 the amount of capital
1
When did you buy these? 🤔
2
He says
end of 2017
here => https://www.reddit.com/r/wallstreetbets/comments/dwt2xi/finally_broke_1000/f7lnv8a/
4
Just looking at the options chain now for pricing and timing. They probably bought these in 2018 ish.
1
woah so precise
2
When did you buy it?
2
[deleted]
2
No it won't be. The options currently have an intrinsic value of ~$4450, so the bid will always be around that or slightly lower.
Worst case I could always execute the option and sell the shares for $4450 profit per contract executed.
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[deleted]
1
Congrats fellow autist!
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[removed]
1
Nice job!
1
no weak hands, hold this till you get to 42069%
Don't encourage him
O wait
This is WSB
69420% only
I want a pic of 8008 that would make me cream.
694204206969420420%