Pelagic

Don't think they're going to be doing too much with their PR asset anytime soon. Management's plan has been to focus on their Cardium holdings. You're right though, at today's prices the PR asset is looking quite attractive. I know they attempted a sale of it a couple years ago which was blocked by their Chinese partner, perhaps a sale at a higher price this year or next could be achieved.

That's a lot of contracts. Are you working with a margin account or were these cash secured puts and you want to free up some liquidity for something else? You've made what like ~95% of your profit on the 22s and around 80% on the 23s? Is the risk worth it for what's left in premium? The 23s today equate to a roughly 7% return until expiry so a year and half+ for 7%? There's probably a better use of cash I'd imagine. Not sure what you mean by buy them and sell covered calls? You want to buy back the contracts then buy the underlying and sell covered calls on it to offset the price you paid buying back the puts? Doable, but then you open up the downside risk from today's price to the mid 20s range where you currently have exposure. I don't have much of a view on XOM other than being generally bullish on oil gas for the near term, just looking at it as someone who's sold a fair bit of puts on other names.

Pretty sure he also ended up exercising his calls for shares. He stopped doing updates on WSB but he has to be loving this second act by GME.

I was thinking something similar. For example I haven't seen or heard about binary options or had anyone advertising a platform to trade them on since crypto really took off.

Thanks for the link to AMA. For those who want the Reddit style tl;dr this is probably the best post in it as Kyle goes into a pretty good explanation as to what he sees as the range of values for OppFi (Ok that the new forum automatically embedded the post is pretty cool!) I'm a little confused on why the shares outstanding isn't a known quantity? Why is it potentially 80 or 120 million?

It's funny though how Amazon and Yahoo tried to clone eBay in the early days and failed. Which ended up leading (indirectly) to Yahoo's stake in BABA and the Amazon we know today. At the time it looked like an auction style marketplace was the place to be. https://www.cnet.com/news/amazon-yahoo-aim-to-topple-ebay/

How is this relevant? The article is disingenuous in that it fails to even mention the existence of BRK.B shares, something it's hard to imagine the author doesn't know exist because taking the time to get a quote for BRK.A on any trading platform is going to show the ticker BRK.B right below it. Pure laziness on the author's part. BRK.B's equivalence to a Satoshi or any other stock's price is irrelevant. Americans just got $1,400 stimulus checks, enough to buy 5 BRK.Bs at $280 - simplicity.

New site seems good and I appreciate some of the new features. I did however enjoy the color palette of the old site - something minor. In the investment ideas forum I see the pinned thread (Investment Ideas Board) then an ad and below the ad the rest of the threads on that board. However, since the general discussion doesn't have a pinned thread, the thread with the most recent post rises to a single line above the ad. Maybe creating a pinned thread (this particular thread would be a good candidate) as a placeholder for that low visibility above the ad spot would be a good idea and then the rest of the general boards content would be below the ad.

As a BJs member I have no complaints. If you need or have a way to store the quantities they sell you'll almost always find a better value buying it there than at most grocery stores like Publix. The two stores near me seem like they're always packed and during the height of the Pandemic last year it was pretty insane, even during off hours there would be a line of a hundred plus people wrapping around the store waiting to get it - I went elsewhere. Something that's always struck me as odd about BJs is the attached gas station. Members routinely wait in a 20 minute or longer line just to save what, maybe $2 or $3 on their total gas purchase... insanity and yet there's always a long line for gas.

Isn't this the downside of stock buybacks, especially when it comes to cyclical businesses? When they end up actually buying back stock is when there is +FCF and the stock price is high. Yet in the downturn of the cycle when the stock price is low they hold on to their excess cash and don't buyback stock. I think I'd rather just receive a dividend and spend it as I see fit, then again I hold shares in a tax deferred account.

There's another thread right below this one on CLF, ironically started by Liberty, another company that at one point lost ~98% of its value, looks like it lost close to that much twice. And yet an investment at its 2016 lows with a new strong willed CEO produced quite the return if held to today. Likewise, buying AMZN at its lows in 2001 after a ~90% drop worked out quite well. GME lost ~95% from its 2013 highs to its pandemic lows and we all know how that's worked out. No one is forcing anyone to buy OBE, or any other company, but its a bit shortsighted for a bunch of value investors to toss out stocks from consideration simply because of what their share price has done in the past.

Do they have an MVP? Ballpark US numbers I could probably find a used ICE motorcycle for $2k and add $5k worth of off the shelf battery and motor components to configure some kind of working EV bike. I'd be skeptical of a team that hasn't gotten that far at least, even if their final product ends up differing significantly. Early stage I think you need to look at the team and their experience in the field, and what they've done on their own so far. Is this a group that's been building EV motorcycles in their garage for years and now wants $ to expand or are they businesspeople who see an opportunity and want to set up a factory with little specific industry experience?

I've sold covered calls against about 1/3 of my position, might add some more up to about half of my shares. Targeting mid 40s cc with June or July expiration.

Isn't there a big risk here that another Fortnite like game comes around and captivates this age range's gaming time/budget? I don't think Epic/EA/Activision etc. are sitting on their hands - they know the younger gamer market exists and Epic saw how valuable it was with Fortnite during its heyday, Roblox's success validates the value of the market as well. Successful games in this age range (or any other range) are a winner take most enterprise where once they catch on "everyone" plays them while they're hot because it's what their friends play. And then the herd shifts to a new title. I think from an investment perspective we have to assess the risk of another dominant game like Fortnite coming around from a competitor that captures a majority of users.

This is actually a surprisingly good post from WSB on options Greeks. The formula for calculating the implied leverage an option grants a purchaser is an interesting way to look at it, note that some options on volatile stocks like GME actually have less leverage than simply buying shares.