Talking stocks, trading, and investing in general

[Piobaire]

Can't read WSB too much as it messes with your perception.

I've been playing CHWY for a few months now at $80 strike. I started selling CSPs at $80, got assigned, sold CCs with 80 strike, and this last week had the shares called away. I was thinking of reallocating the cash for those contracts then gave myself a reality check. I've been making a steady $100-200 a week off 8k capital per contract. The lowest weekly premium I've gotten was $99 so let's go an even 100 just for math. That's obviously 5.2k over a year. What idiot would not want a return of 5.2k off 8k in a year?

 

[jbarwick]

Millennials need 17% a year real returns or they can’t get ahead in life

 

[Omega Male]

“It’s not that frothy.”

 

[Piobaire]

Truffle oil? That's just sad, because as we all know, there's no truffle in truffle oil.

 

[jbarwick]

If the truffles aren’t shaved in front of me I don’t believe they are included. I once had black truffle pasta on the company dime and it ended up being close to a $75 plate. No lie the next day was our earnings release, we missed terribly, and our shares were down between 20-25%. Still makes me chuckle.

 

[Texasmade]

If the truffles aren’t shaved in front of me I don’t believe they are included. I once had black truffle pasta on the company dime and it ended up being close to a $75 plate. No lie the next day was our earnings release, we missed terribly, and our shares were down between 20-25%. Still makes me chuckle.

Reminds me of when I was doing my accounting consulting days when the whole team went out to a fancy steakhouse dinner on the client's dime. I kept it reasonable and only ordered a Macallan 25. One of my staff was drunk as **** and she started ordering the Macallan 30's.

I got an angry phone call from the partner on the engagement a few days later asking if I ordered the 30's. I was like "no I only got the 25's." She was still pretty pissed but it was nowhere near the cost of the 30's.

 

[jbarwick]

Just looked at the price of 30…holy ****

 

[Texasmade]

That was like 4 or 5 years ago so the prices were cheaper then but still a lot. She didn't order just one Macallan 30. She ordered 2! She certainly took advantage of the free dinner and drinks.

 

[jcman311]

Get out of here single malt rookies!

 

[usctrojans31]

That was like 4 or 5 years ago so the prices were cheaper then but still a lot. She didn't order just one Macallan 30. She ordered 2! She certainly took advantage of the free dinner and drinks.

You ordered the Petrus instead

 

[Piobaire]

At my former place my second in command was such a pleb. At comp'ed dinners he'd always order the filet mignon just because it was usually the most expensive item in the steak line up. I tried, and other people tried, convincing him other steaks actually tasted better but he would have none of that. He also insisted on having at least one appy and a salad course just because he wasn't paying for it. Keep in mind this is the guy I paid a nice six figure salary to and he was always one paycheque away from being bankrupt.

 

[brokencycle]

At my former place my second in command was such a pleb. At comp'ed dinners he'd always order the filet mignon just because it was usually the most expensive item in the steak line up. I tried, and other people tried, convincing him other steaks actually tasted better but he would have none of that. He also insisted on having at least one appy and a salad course just because he wasn't paying for it. Keep in mind this is the guy I paid a nice six figure salary to and he was always one paycheque away from being bankrupt.

Filet is my favorite though.

 

[Omega Male]

Found the pleb.

 

[otc]

I like filet too...

dunno if I would call it my "favorite" but I'd happily eat it on piob's former employer's dime.

 

[brokencycle]

Found the pleb.

I may be a pleb, but I'm a self-made pleb.