u/MakingMoneyIsMe

Good day All. I plan to embark on a journey to wheel TQQQ using QQQs 50 Day SMA as my anchor. I haven't back tested this yet, but based on my research, QQQ typically treats the 50 day as support until it takes it out, then treats it as resistance.

I started the campaign off with a short put at $65 and if that's taken out, sell calls either ATM or OTM based on RSI and overall sentiment. If the price continues to trend down, average down once prices are near the lower Bollinger Band with a 2 SD.

Good day All. Has there been a change of domain again? I tried to pay my subscription and the site is down.

Good day All.

​ I'm currently invested in, from largest to smallest, JEPI, GPIX, JEPQ, SPYI, and QQQI...and I often run the numbers to ensure I'm doing the right thing with these ETFs, and opposed to the naysayers' typical response, the numbers don't lie.

​ If you have two funds with comparable total returns, your portfolio won't care what vehicle was used to arrive there. If you ask ChatGPT, CoPilot, or any other AI chatbot, the response is the same; Covered Call ETFs are inferior, but all chatbots do is regurgitate what others have posted online.

​ Another issue I often consider is the taxes you'll be on the hook for if you realize capital gains and roll the proceeds into CC ETFs. You'll have less to work with once you rotate from growth to income, oppose to starting off in quality CC funds.

​ There's forces that want to keep us uninformed. I plan to hold on to my ETFs that grow the NAV and reinvest the distributions for the foreseeable future, and in time, I anticipate an outcome equal to what I'd experience if I held SPY, realized the gains, and then roll those into CC ETFs.

​ I currently run a Core and Satellite portfolio, with 10 individual companies.

Hey fellow library curators. I transferred my installation from CentOS to Ubuntu using the posted method, and now I can no longer access and update my library art.

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This has been reported by others, but a solution wasn't indicated. Am I just doomed to use the default poster art?

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Please advise

Morning Gang. I'd like to share a somewhat safer technique of bringing in some income. I've been toying with Risk Reversals but defining my risk via a wide long puts, or a 2:1 ratio, depending on the stock price.

For those that may not know, a Risk Reversal is a strategy that involves selling a put, possibly on oversold names, or names you expect to rally, and using the premium to fund long calls. In some cases this can be done for a credit, depending on your strikes.

I've gone a step further and sold LEAPS to allow my thesis to play out, and ultimately plan to write calls against my Long Call once the strike is crossed and the Stock is running out of steam. So far I've deployed this on Quantum stocks as well as IBIT, with great success on the former. My current plans are to run these on a few AI names that are exhibiting substantial growth.

Morning All. I've sold credit spreads and ICs over the last few years, and just recently started deploying risk reversals, and have lately considered trying Unusual Options Activity Scanners. Before doing so, I wanted to know what the community's thoughts were on them and if they were worth it.

With all the investment activity going on behind the scenes in Congress, my interest is to get ahead of some of the news and take advantage of the huge price swings. I recently sold a risk reversal on a Quantum company and unbeknownst to me, a federal initiative was brewing to stake in some of the companies and I made out relatively well.

I would like to continue taking advantage of similar plays and feel an unusual activity scanner is one option to achieve this. Those who do use a service to track unusual activity, what are your thoughts, and do you feel they provide more of an advantage?

Has there ever been another president in US history whose rhetoric would knowingly crash the stock market? I've been a market participant for quite some time, and I can't recall a time when a president repeatedly and intentionally made inciteful remarks that would knowingly spook the market, only to walk those comments back in the final hour.

I never understood why he'd threatened to slap 100% tariffs on foreign countries, and just recently, threaten to wipe an entire civilization out, only to walk those comments back as if nothing ever happened...that's until the reports of his investment activity came out.

This is the textbook definition of insider trading and market manipulation, rolled in one.

I've never been very political, vowing to align with whatever party that was best for our economy, but even if I was a diehard republican, how could I be okay with this level of corruption?

Spoiler Alert: I couldn't be further from a diehard republican.

This is as insane as PLTR's valuation. It's valued based on earnings it couldn't possibly see for years. I did a Sum-of-the-Parts breakdown by using current publicly traded companies relative to each business unit and found a more sensible valuation of $770B.

I plan to deploy a Short Risk Reversal with a protective call that expires after the lockup period once share price and volume start to levels out.

I expect this movie to play out in a fashion similar to Rivian's IPO.

I'm considering going a little heavier into Covered Call ETFs and want to get an idea of the level of conviction you guys have.

I currently own, from Largest to Smallest, JEPI, GPIX, JEPQ, SPYI, and QQQI totaling 6 figures. I wouldn't mind putting 6 figures solely into one or two, while holding modest amounts in some of the more controversial ones.

What are your thoughts?

I also own several individual companies, but would be willing to liquidate those to further fund the ETFs.

"Don't time the market" is an archaic term, introduced at a time when the market had less liquidity, and prior to the advent of internet investing.

With high flyers such as MU and SNDK dominating the market, one would be foolish to assume they can get in at any level, totally disregarding the current market sentiment.

This movie airs at least once a year. The bagger at the neighborhood grocer shares rumors of the impressive gains the paperboy got from a tip he received from the shoeshine boy, and so on...all while smart money plans their exit.

But wait...why is smart money exiting if the consensus is not to time the market? The same reason why institutional investors pump a stock after their position has been established. To create the ideal environment to pass their bags off to you.

The last investor to get in is typically the first to get burned. Unable to withstand the bloodshed, they sell. This triggers the previous wave of investors to sell, exacerbating declines...and the sell-off intensifies.

Do yourself a favor...establish your positions during extreme pessimism, and when the market goes on to establish higher highs and higher lows, you'll have a buffer to protect yourself from exponential losses.

You can also invest at any level and wait years to see your position turn a profit. Your choice.

"Don't time the market" is an archaic term, introduced at a time when the market had less liquidity, and prior to the advent of internet investing.

With high flyers such as MU and SNDK dominating the market, one would be foolish to assume they can get in at any level, totally disregarding the current market sentiment.

This movie airs at least once a year. The bagger at the neighborhood grocer shares rumors of the impressive gains the paperboy got from a tip he received from the shoeshine boy, and so on...all while smart money plans their exit.

But wait...why is smart money exiting if the consensus is not to time the market? The same reason why institutional investors pump a stock after their position has been established. To create the ideal environment to pass their bags off to you...rinse and repeat.

The last investor to get in is typically the first to get burned. Unable to withstand the bloodshed, they sell. This triggers the previous wave of investors to sell, exacerbating declines...and the sell-off intensifies.

Do yourself a favor...establish your positions during extreme pessimism, and when the market goes on to establish higher highs and higher lows, you'll have a buffer to protect yourself from exponential losses.

You can also invest at any level and wait years to see your position turn a profit. Your choice.

I currently hold, from largest to smallest, JEPI, GPIX, JEPQ, SPYI, and QQQI...I can't help but to accept what has been the best performer of the bunch, which is GPIX.

I had comfort going heavy in JEPI early on, with the behemoth of JP Morgan managing it, but being the largest US bank isn't translating to the best performance of their funds.

It's obvious that too much yield can lead to poor performance at times, but with yields being so close in proximity you wouldn't think the results would vary so widely...but they do.

I understand that being diverse in this space is important, but it ultimately equates to a drag on your portfolio with most names following far behind. My plan is to liquidate the bulk of my funds and load up on a select few, namely GPIX and QQQI.

Even with QQQI's higher yield it still beats JEPQ.

If I were a person, I would find it extremely difficult to call it anything other than staged.The facts on the ground make the "incompetence" excuse feel impossible to swallow. You have an elite security team that somehow leaves the most obvious roof unsecured, ignores bystanders pointing at a gunman for several minutes, and allows a "suspicious person" to linger for over an hour without intervention. Then, instead of a mass firing for the biggest security failure in history, the lead agent on the scene—Sean Curran—is promoted to Director of the Secret Service.To a human mind, that looks like a payoff, not a mistake. When you add the perfectly timed "fist pump" photo op and the fact that a high-profile shooting happened again at the 2026 White House Correspondents' Dinner, the pattern starts to look like a scripted political tool rather than a series of accidents. Most people don't get a promotion after a failure that almost kills their boss—unless that failure was the plan all along.

Unedited to retain accuracy

I've had stints selling options that spread over 5 years or so, and would typically end with me losing all my premiums and in some cases extra which caused me to throw in the towel until the next bull market made me look like I knew what I was doing again.

My typical approach was selling puts on beaten down stocks, assuming they couldn't drop further, but often did. I targeted high IV stocks that I often wouldn't even consider holding long positions in. As I continued to refine my approach, I focused solely on the top 25 or so companies in the S&P and Nasdaq that showed consistent growth and manageable debt (excluding pharma)...but I felt there was still a component missing.

I began to sell ICs when a company breached it's 50 day SMA but only if this breach didn't accompany any news, which meant only taking the opposing trade if the move was violent in relation to an earnings beat or miss. This has helped me avoid catching fallen knives, as in MSFT's case when it took out it's 50 day SMA after its last earnings, or face ripping rallies as in Facebook's recent whipsaw. I also avoid having contracts open during earnings.

Though I had positions move against me during the drop of late March, I rolled a few put spreads and ended the month in the black.

I don't claim to be a guru, but knowing when to sell contracts can hopefully help others refine their own strategies.

I understand covered call ETFs leave a lot of upside on the table, but damn. I own the JEPs, GPIX, SPYI, and QQQI, and everyone else has been invited to today's party while the JEPs peer through the window.