I finally have all 1.2 million raw image files from my latest mission to ISS! Here is a sample of one of my favorite Milky Way photos, taken from the Cupola with Nikon Z9, Arri Zeiss 15mm lens, T1.8 with custom sidereal drive that cancelled out star motion relative to our orbit.
“who gave birth to me? whose fault is it that I'm like this? It was yours that I've been paying for it. People out there avoid me, they're scared of me, and they mock me but my mother is the one who truly hates me and looks down on me….I’ve never asked for this life” —Big World
No matter the level of your fasting and prayers as a Christian in Nigeria, an atheist in China and Japan will always have a better quality of life than you.
Haven’t shared this before, but a lot of people ask me how I do it, so here goes:
Long-dated options, or LEAPS, are a powerful way to aggressively compound portfolio gains if you have high conviction about the future price of a stock. I have personally made a lot of money doing this. Yes it works!
LEAPS gives you opportunity to control at least 100 shares of a stock without owning them. I use this mostly for swing trades I plan to dump in <1 year or two. No point doing this for long term holds.
Eg: A stock trades at $10 and you believe it can hit $20 within a year, Instead of spending $1,000 to buy 100 shares, you buy 3 call contracts with $11 strike (will explain this later), expiring roughly a year from now. Some people do short dated ones too. That’s fine as look as it’s not too short. You need time for your thesis to play out. Avoid ODTEs if you know what’s good for you except you’re an idiot.
Assume premium is say $3 per share? Each contract would cost: $3 x 100 = $300. 3 contracts would cost: $300 x 3 = $900. Total cost = $900
Now suppose the stock doubles to $20 in one year, just as you projected.
Each contract is now worth:
($20 - $11) x 100 = $900. Meaning 3 contracts you bought would be worth $2700
Summary:
Initial cost: $900
Final value: $2700
Profit: $1800
Assuming you bought the stock outright:
100 shares at $10= $1k. If the stock goes to $20, your shares are worth $2k. Profit: $1k.
In other words, LEAPS compounded your returns with lesser capital and vice versa.
Are there risks involved ? Of course. A lot of risk.
If the stock does not rerate meaningfully higher, you can lose most or all of your capital.
A wise man once said, “Leverage is for idiots.” and he wasn’t exactly wrong.
This isn’t something you YOLO, and definitely not with a large chunk of your port. I personally never risk more than 10% of my port (Okay fine, I’m lying. It goes as high as 20% sometimes)
You only use LEAPS when your conviction is extremely high and you believe the stock can rerate aggressively to the upside.
Now here’s the real alpha:
How do you manage risk and find the right stock for this kind of bet?
This is the filter that has consistently worked for me:
1. I like beaten down assets with improving business margins ie Growing revs & bottom line, positive or improving EBITDA (adj), and a low D/E ratio.
On the technical side, the stock should be trading within say 10% of their 52-week low, RSI below 40, and sitting on key support across all long timeframes.
The goal is to always find a mispriced asset, not to catch a falling knife.
2. Buy around 10% OTM strikes ie If a stock is at $10, I’m looking around the $11 strike.
That way, the stock only needs to move above the strike plus the premium paid for the trade to become profitable. If you buy very far OTM strikes, you can still lose money even if the stock moves meaningfully higher. This is essentially baba ijebu.
3. Theres no point holding the contract into the final 60 days unless it is already deep ITM and you are comfortably profitable. Read up about something called thetas and option decays.
At that point, either sell it, roll it, convert to shares, or take the loss on the chin. You live to fight another day.
4. Only buy LEAPS when implied volatility is low cos Low IV = cheaper premium. Thats when LEAPS make the most sense cos you don’t want to overpay for optionality, then be directionally right and still get hurt cos IV compresses.
My current LEAPS:
$HIMS
$SOFI
As always, This is not financial advice. Just sharing what works for me.
There are tons of tutorials on YouTube that explain the mechanics better, but take this as a primer.
You’re welcome :)
His bank accounts were frozen. He is allowed 560 euros per month of his own money, though the bank will sometimes refuse even that. His crime? Reporting on Israel's genocide in Gaza.
Huseyin Dogru was born in Germany. Raised there. He is a German citizen. But Germany and the EU sanctioned him anyway.
To avoid giving him a trial, they listed him as Turkish in the official documents. EU citizens get a hearing, a court, the right to defend themselves. Non-EU citizens don't. So they erased his German citizenship on paper.
No trial. No conviction. No charge. 27 foreign ministers made the decision. No court oversight.
The EU itself admits sanctions target legal behavior: journalism they want to suppress.
He can't leave the country. Can't pay rent. Can't pay lawyers. Anyone who sends him money or food faces up to 5 years in prison for "circumventing sanctions."
A new German law extends sanctions to his family. Support to his wife, 7-year-old, or newborn twins can now be prosecuted.
His media outlet RED had half a billion views in 9 months covering Gaza and police repression in Berlin. That's what got him sanctioned. The publication was forced to close in May.
The 560 euros they allow him is now being cut because he's "paying invoices that are not considered basic needs."
Welcome to Western democracy.
Someone said Jinichi’s “aura farming” walk isn’t arrogance, but acceptance & I kind of like it (let me explain):
The JJK Season 3 anime took a unique direction by making him do this & it almost look like he accepted his impending fate. As Toji’s older brother, he KNOWS firsthand THAT strength is beyond anything the Zenin Clan could ever imagine, with Maki becoming just like Toji.
While Ranta clings to the delusion they can win, Jinichi understands it’s hopeless. His last attack almost looked like a final act of pride as a Zenin sorcerer, fully aware he’s doomed. Stoic & resigned, his movements carry a “let’s get this over with” weight, defeat etched plainly on his face. The animators’ choice makes this clear, it’s an intentional portrayal of reluctant inevitability.