SmallCap
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- Birthday 08/30/1976
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I'm trying to figure out the bear case for STNG. everything I see tells me that they are making tons of money right now and will for the foreseeable future months. All i am seeing is confirming my already existing bias. Can anyone give me a reasonable bear case?
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So I was thinking of adding some more SD any my usual pattern is to put in a limit order and see if it gets filled. This time I looked at the PUT options, particularly the put options for Oct. Someone check me on my thinking about this but what I ended up doing was selling some 2.50 Oct cash secured puts (ira) at .80 - the current share price is 2.06. the way I looked at it there are two possible outcomes. 1. share price stays low and i would have picked up the shares at an effective price of 1.70 a 17% discount on todays price. 2. the share price goes up and they expire worthless. my return would be 75% annualized return on the cash that is held for the cash secured put. So either I get the shares at 17% discount or I make 75% annualized return if they expire worthless. My risk is that I could be missing a multi bagger. What are your thoughts, is this a smart way of going about it?
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wrote some Puts on AR
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Will “real” assets remain permanently undervalued relative to brand and intellectual capital forever? Will the entire business of securities analysis institutionally restructure itself to account for this new reality, prizing other facets of a corporate issuer of securities more highly than projected cashflows and balance sheets? There are no asset managers who represent their strategy to clients as “We buy the most expensive assets, and add to them as they rise in price and valuation.” That’s unfortunate, because this is the only strategy that could have possibly enabled an asset manager to outperform in the modern era. It’s one of those things you could never advertise, but had you done it, you’d have beaten everyone over the ten-year period since the market’s generational low. https://thereformedbroker.com/2019/06/13/when-everything-that-counts-cant-be-counted/
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Life Goals: Be insulted by Trump on Twitter Have an article appear in Christianity today magazine strongly disagreeing with me Have my funeral protested by Westboro Baptist Church - A life well lived!
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sold the last of my TSLA Puts for 100+% gain in the last year. Decided to leave the drama behind but this probably means I am leaving money on the table.
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I sold the last of my put options today, I traded partially in and out a few times in the last year, each trade was very profitable largely due to lucky timing and that the thesis seems to be working out. Now everyone is turning very bearish and so I am taking my profits and moving on. probably leaving a lot on the table.
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The problem with the strategy is that if the stock goes straight up, you just get 10c/ share. Plus you have to pay short term capital gain tax, and tie up the cash in the account until put is expired. Like Warren said, if you like the stock, just buy it. Eating like a chicken yet shitting like an elephant... Not my cup of tea. Update: the day of expiration the stock dropped 2.5% and so I got the stock at a lower price then I would have expected when I sold the put. unfortunately today it has gone down another 2.2%
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What did you do, grab value line book and start in the 'F' section?
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What exactly was the miscommunication with Moore?
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I did something new for me: I wrote some WY puts that expire in 2 days: WY 05/17/2019 24.50 P - price when i wrote the puts was 24.85 and I sold the puts for $.10 My reasoning was that I was seriously thinking about adding to my WY position and when I checked the options I saw the OTM options with a bid for $.10 so I just went for it knowing that if I am put to in 2 days then I will get it $.45 less then todays price, which I can live with. My profit on expiration is a whopping $80. Tell me if my thinking is stupid and i am picking up pennies in front of a steam roller.
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Holland, MI? Nailed it. 4 out of 5 great lakes agree that Michigan really is the best state. I live on the coast with hundreds of miles of sandy beaches on lake michigan on the sunset side of the lake. From my user name you probably surmised I hail from a neighboring state. Sampling some Holland, MI product this evening come up north sometime and we'll go to the source and hoist a glass.
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Being from South Florida, snow on the streets is a bit of a foreign concept to me. However, from an engineering standpoint, reading about your city's snowmelt system is fascinating. I wonder what the cost advantages (if any) are in terms of developing/maintaining the system vs. traditional plowing and salting. It's a very interesting system and there are many hard to quantify aspects of the snowmelt as compared to salt and plows. 1. This is used extensively in our historic downtown shopping district. 2. the lack of snow makes for a perfect outdoor shopping experience 3. there are now year-round runners who use the area creating more foot traffic in the shopping area. 4. Salt destroys both cars and shop floors 5. plowing can really rip up a downtown streetscape will all the paver crossings, curbs, and parking slots. Also, you probably saw this but all the hot water comes from waste heat from the municipal-owned NG power plant so the ongoing cost is negligible. I don't have a good ROI timeframe on the initial install which as you can guess is extensive and is only done when you are ripping up everything and replacing a lot of old infrastructures. They installed the first section in the late 80's and as far as I know, haven't had to do any serious maintenance. I wrote a blog post about the engineer who had the vision for the system if you are interested. https://www.sethgetz.com/2019/01/a-tale-of-two-cities-and-businesses.html
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Holland, MI? Nailed it. 4 out of 5 great lakes agree that Michigan really is the best state. I live on the coast with hundreds of miles of sandy beaches on lake michigan on the sunset side of the lake.
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Who can figure this out without digging into my profile? 4 out of 5 water bodies call my state the best state I live on what is called the 4th coast The sunset coast In a town named for a European location with a flower festival and the Largest snowmelt system in North America