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$ABNB I am out. Hung in there for 2 years but went nowhere. With slowdown on the horizon, not feeing good abt this. Recent news does not help either. Bad investment. Oh well. To the next one.
$SPY $QQQ we are heading towards the bottom imoh. Why —> 1. fed almost done with another 1 or 2 hikes 2. Black swan like event in progress. Signs of bottom. Won’t be surprised if capitulation hits in the next few weeks. I r... https://t.co/xYLVWEh37n
@sshahi76338702 Hey. Got some tqqq assigned on Friday via secured puts. Holding it at least through next week fir a potential bounce. Will also write calls against it given the elevated volatility. Cheers.
@J1M6759 Btw should clarify, I spread most into google but also added some to my position in appl, NVDA and msft. Of course, since I am out UNH will fly 😀
@J1M6759 Yes. Sold most of it. I had to sell something to buy. UNH has been a safety play. I dont might taking more tech in 2023 especially something like google that was down 15% in 2 weeks. If I had the money would never sell UNH and would have DCAed into google. May return.
@sshahi76338702 If weekly, typically buy puts 12-14% down from the current price. But really, depends on the week. Usually this range has worked. I am mostly looking to collect premium right now. Eventually will have a long term position in tqqq. Cheers.
$TQQQ cant decide. Close position and lock gains before CPI or write upside calls? Expecting a big move on Thursday on either direction. I don’t think we are out of the woods yet. Still expect choppy market until fed is done. Maybe I am overthinking. Thoughts anyone?