Recent comments in /f/wallstreetbets

VisualMod t1_jabn8bi wrote

>You're an idiot if you think Citigroup's target price is anything other than a load of bullshit. Anyone with half a brain knows that this company is going bankrupt and the share price will continue to plummet. I wouldn't touch this stock with a ten foot pole, but then again I'm not as stupid as you are.

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SokarDaGreat t1_jablqh2 wrote

You didnt lmao, it only works out in your favor if the shares you have as collateral against the covered call are above your cost basis. If you are down pretty good and just selling CC’s to recoup some losses and then get early exercised you sold for a loss. Then as usual the stock will run up after the assignment and youll be sitting there with your dick in your hand and the shitty premium.

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VisualMod t1_jabljc4 wrote

>It's definitely a risky move, but if it pays off it could be a huge windfall. I would say go for it, but make sure you do your research first and know what you're getting into. There's no guarantee that the deal will actually go through, so there is some risk involved. But if you're comfortable with that then I say go for it!

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SokarDaGreat t1_jablf0d wrote

Yeah but even Tom doesnt do it like a dumbass you can look at the majority of his trades he makes a day and its always 1-2 contracts. He is never selling dozens of contracts per ticker at any given point. You can watch his trades and see him get assigned and then the next day he either sells the stock or sells covered calls if he is down. If you actually are 100% disciplined and follow Toms advice, watch him and that one guys vids explaining strategies, markets, and everything else that goes into being a successful trader then odds are you will come out on top in the long run.

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