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Cool! This is actually the exact strategy the guys from the big short used to get their garage band hedge fund up and running - buy long term call options when negative news happens. I did this with Starbucks last year and am +900%
Did you consider solvency risks? That’s the major risk for the plays I’ve taken.
Jheeze you have guts! How much money did you have lying around considering you got laid off?
Chief
Scared money don’t make money good job!!
Awesome! What do you see as the best remaining opportunities for big gains?
Tbh I’m still a novice, but last week I was thinking Cinemas (especially since they had a major dip after the WB and HBO announcement), pharmacy shops (i.e. Rite Aid, Walgreens), potentially cruise ships still.
Awesome!! 💪🏼 Looks like Wells trade - you like it?
Eh it’s decent. I use it just cause my checking band savings are with Wells Fargo too.
cinema stocks are trash... good luck with that
Congrats, PWC1!!!
Made more than your Accenture salary before or after the short term capital gains tax you’ll pay this year?
Yeah of course that’s why I asked the question. We’re you laid off in June or earlier
Sweet!
Are you locking in short-term gains before end of calendar year? If you haven’t yet and thinking of divesting over next few weeks may make sense to hold a bit longer to try to push the tax bill till 2022..
r/wallstreetbets appreciates your investment strategy.
MP1 thinks you are going to get burned with this strategy and is trying group with people that are self-described autists when it comes to investing.
Either that or he thinks those guys can learn something from your simple but effective approach.
What did you do when cinema stocks dipped further than your entry point? How long did you stay in a losing position?
Tbh I was prepared for it to dip. All these different stocks dipped 10-20% but eventually went up again due to certain news such as vaccine or stimulus news.
Sorry to hear about the layoff. Congratulations on the returns!!
This is awesome! I’ve been in and out of airlines and cruiselines since June and up about $20K! I’m glad you’re still making your money work for you! Keep it up