Joe Furlong

President and CEO of MTVi LLC

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[Joe Furlong @CoveredLoop]

@elonmusk It took me 2 hours to build a site that I have been meaning to develop for the last 10 years but didn't have the time. And it is 100 times better than I ever thought it could be using Grok Build!

[Joe Furlong @CoveredLoop]

@friendlygreek1 @realjoshuareid @paulsperry_ Hey moron, have you ever heard of any deep state bureaucrat working behind the scenes to go after Trump during his first term? Hmmmmm, let me think. Maybe I can think of a few. Oh yeah, you are a moron.

[Joe Furlong @CoveredLoop]

Looking forward to the Home Run Derby!

[Joe Furlong @CoveredLoop]

Capitalism brings up society while Socialism draws it down. Period.

[Joe Furlong @CoveredLoop]

@NotA_Bull I currently have 19 open positions. I typically have 25 +/-. Right now it is $PL. It has been hit recently, but I have confident in this stock. Well, at least today I do.

[Joe Furlong @CoveredLoop]

@Saladinbraham I lose all respect for anyone who puts the dollar sign after the number and not before.

[Joe Furlong @CoveredLoop]

Options Trade Idea: Bull Put Spread on SPY

Tomorrow morning I’m entering a bull put spread on SPY expiring this Friday:

Sell 739 Put
Buy 735 Put (4-point wide)
10 contracts
Expected credit: ~$1.10 – $1.40
Max Profit: ~$1,100 – $1,400
Max Loss: ~$2,600 – $2,900
Breakeven: ~737.80

This is a neutral-to-bullish short-term income trade. I win big if SPY stays above ~739 at Friday’s close. Even with FOMC this week, I like the ~4-point buffer and solid reward/risk.
Defined risk. High theta. Clean setup.

Will manage aggressively — take 50-70% profit early or cut if it goes against me.

What do you think - too tight for event week or good edge?

#OptionsTrading #SPY #Trading #IncomeStrategy

[Joe Furlong @CoveredLoop]

I've been treating covered calls for years. I've averaged 12 to 15% every 42 days. I generally have 24 trades open at all times. Sure, I miss some upside at times, but I'm very happy getting this return over and over.

My view is that each person's strategy is their own and there is no catch-all for that fits everyone.

[Joe Furlong @CoveredLoop]

@MikeBales Again, pays like these just suck. You suck first posting them

[Joe Furlong @CoveredLoop]

@Simon_Ingari I really hate posts like these. They are infecting X like a plague of locusts.

[Joe Furlong @CoveredLoop]

@ibrahimlari7 The funny pretty is that you paid for this ad

[Joe Furlong @CoveredLoop]

@KariLake I don't believe him

[Joe Furlong @CoveredLoop]

With all that has been learned, NGOs should be illegal

[Joe Furlong @CoveredLoop]

@YahooFinance His actions over his tenure prove that this is a lie

[Joe Furlong @CoveredLoop]

@CGasparino Bingo. The libs are so tiring

[Joe Furlong @CoveredLoop]

@TKralow This is a great example of bull shit that I've seen so far during this war.

[Joe Furlong @CoveredLoop]

There hasn't ever been, not ever will be a worse news organization than the @BBCNews . I've been coming to England for over 15 years, up to six times per year, and they constantly misrepresent almost everything they report on. Plus, it is obvious they hate @realDonaldTrump . Forget @MSNOWNews and @CNN. They are not in the same league as the @BBCNews.

[Joe Furlong @CoveredLoop]

I was walking through a protest, maybe two of them couldn't tell, in Trafalgar Square in London today.