Excellent_Safe596

So I recently decided to grab about 20K shares with cost basis of $3.40.

Sold covered calls at $3.50 and $4.00 expiring tomorrow (2 weeks out option) and made a nice profit this week of $3000.

So now my cost basis is $3.25 which is close to the current price. If I keep doing this in about 12 weeks my cost basis will be $0 and then you can continue doing this until the shares get called away making money the entire time. There are not many stock plays at this price point that you can do this with but $DNUT is one that this strategy will work well. We all know it’s not going to $0 a share and there’s a good possibility that they may get acquired at some point so this is like owning a money

I don’t know if you have seen the drama with Krispy Kreme but here’s my play with this southern staple.

Since the price has dropped to around $3.50 a share this creates a unique opportunity to get shares at a zero cost basis if you can hold for 6 months.

Buying 100 shares at $3.50 for example is a win because once you have the shares selling covered called at $4 strike price makes it so that in 26 weeks the cost basis goes to $0 from the collected options premiums.

At the time of this post the average weekly option premium was between $0.20 and $0.13 depending on when you sell the covered calls. The 2 week options pay $0.20 so with that being said you can get to a zero cost basis in 13

Buy signal fired

Buy signal fired

https://bitcoinist.com/bitcoin-price-correct-after-halving/

And yall know how I feel about crypto!

Wanted to give a quick update on the 2 positions that had signals.

TAST is up 0.21% ITUB is up 2.34%

Both positions are being held until the algorithm signals a sell signal.

Will be adding positions on Monday or Tuesday of next week.

Model triggered a buy signal. We will be tracking these 2 tickers over the next couple of weeks.

Buy signal triggered in our model today

What are everybody’s thoughts on Mosaic. It’s a huge opportunity if it gets implemented as we hope. We are hopeful they don’t mess up the maintenance side of things.

Wow they want to depose others after taking away the buy button. What transparency we have in our markets.

https://fxnewsgroup.com/forex-news/retail-forex/robinhood-seeks-to-depose-seven-brokers-in-short-squeeze-lawsuit/