Any dealers out there wanting to get ahead of the '26 fire sale? In the market for a 2LT, maybe a 1LZ/2LZ Z06. I've been seeing 10% off MSRP everywhere. Open to financing or cash if it makes the deal better. Not looking for dealer add ons either Thinking 12-15% on any of these trims would be my entry. Thoughts?
With the GS and GSX coming out next year, I imagine tons of 26s will be on firesale, especially since this is the last year for the existing engine. That being said, is getting 12% off MSRP realistic on a 2LT or maybe a 2LZ Z06?
​
So I broke a few cardinal rules when selling CSPs. I bought into the Intel FOMO this week and decided to premium chase after it skyrocketed with no real entry or exit criteria. I had been collecting premium for a couple months now and this is my first ever roll. I only do weekly CSPs and typically choose conservative deltas (0.15-0.20) on stocks I don't really want to hold and 0.30 on any blue chips or mega caps that I don't mind owning. This is the story:
Sold 2 INTC $117 CSPs on 5/11 expiring 5/15 for $1.98 ($396 recieved premium). INTC then collapses and breaks the strike. I then roll down and out on 5/14 for a $110 strike for 5/22 collecting a net credit of $0.38 ($76 received premium). INTC is now at $108 premarket and doesn't seem to be hitting any support floor. Im not sure how I could save this trade as I may not be able to keep rolling for a credit. Hopefully the math is correct and I'm still in the green but really considering BTC and cut losses rather than bag hold
I've been itching to get a Z06. Currently have the means to buy in cash (But I'd be starving after lol), but I can't seem to justify the cost over the long run.
Financially, I would love to know how you Z06, ZR1, and ZR1X folks do it as I assume most of you have established businesses and don't blink at the price tag.
Maybe there are a few "normal" folks with day jobs (not including doctors lol) that have supplemented their incomes enough to justify the purchase.
Love to hear your thoughts
How would you guys play a small Roth? (~$24K) There is an option to deploy $150K-$200K into a normal brokerage, however, the strategy would ideally be tested at the Roth level prior to deploying the main capital. Initial target is $500 a week, ultimate target would be $2,500-$5,000+ a week. Regarding growth, 401K is currently over six figures fully invested in large US equities.
Currently just selling CSPs weekly picking stocks based on share price (TQQQ, WFC, etc.) with really conservative deltas (0.15). No real strategy. It's worked for a few weeks so far but it feels like I'm playing Minesweeper, where the inevitable blow up happens. No real direction through earnings either, so I'm hesitant to enter any trades this week
There's always an option for ETFs like QQQI but still on the fence about the direction to go
Open to suggestions from you experienced folks out there with large accounts who have been successfully doing this for a while and are making crazy income.
With some of the biggest companies reporting earnings this week, what are your plays or thoughts? As a new wheeler, they say to never run the wheel on upcoming earnings, but these premiums on CSPs are juicy!