u/Lionel-Chessi

I sold 30 CCs on RKLB for May 22 and $111 strike

When should I look to roll, my understanding is the intrinsic value is still high because each call is trading at ~$12 and $111 + $12 puts it at $123 so I should wait until I get closer to expiration and that number gets smaller?

Originally sold at low very deltas (~0.10) and lower strikes to try and keep the shares...rolled all 3 (cost around 3k so far) but this is what it's looking like now. I'm ok with letting GOOGL 390 and AMZN go, just the June 12 one is hurting

AMZN MAY 8 26 245

GOOGL MAY 22 26 390

GOOGL JUNE 12 26 350

Is there any benefit to refinancing a paid off house (soon to be rental) to use 80% of that equity to buy a new house? or am I better off just putting 20% down and getting only 1 mortgage (for new house)

His advice is to refinance the paid off home and use 80% (should be roughly 450k) of the equity and put it towards new build (620k purchase price - 50k deposit). Reason being that because of the 80%/~450k equity we're using, we'll be able to write off 80% of the interest paid/prop taxes, etc. on new build we'll be living in since it'll all be under the umbrella of the rental of used for the new house...as well as repairs, etc.

The major red flag for me are also the rates we're getting...

Refinance rate on soon to be rental: 4.59% Uninsured rate on new build (primary residence): 5%

Both seem unreasonably high for good credit, high income and low income to debt ratio.

So basically it boils down to this:

1. Refinance paid-off house to put 400k down + 50k deposit on new build

2. Do not refinance and buy new build as an uninsured mortgage (20% down)