Re Eni ke 🤍

Finance || ACA || In Christ

[Re Eni ke 🤍 @mor__de]

Mothers deserve flowers 💐

Just a reminder that I still bake

[Re Eni ke 🤍 @mor__de]

Running/ walking 10km in 1hr 30 minutes when my Kenyan brothers are finishing a marathon in less time 😭

[Re Eni ke 🤍 @mor__de]

Hafsatu Bebi 😮‍💨😮‍💨😮‍💨
Fatima Bala is who she thinks she is

[Re Eni ke 🤍 @mor__de]

@Mfonabasiii Keep the cute pictures coming 🥹🥹🥹🥹

Congratulations once again Mfon, your home is blessed

[mfonabasi. @Mfonabasiii]

best friends in love, life partners by law.

[Osadebamwèn @DearestOsasO]

We finally said those words, didn’t we?

❤️♾️💍
#DearestDebbie 1/4

[Re Eni ke 🤍 @mor__de]

💐💐

@shopbawsty

[Oluwaseun💕 @seunnimi]

Oh to be a rich beautiful woman in her big car driving to buy overpriced groceries to stock up her breathtaking kitchen in her gorgeous house

[Tuchel @Officially_Kriz]

One day, I'll add CIS, CFA, and MBA/MSC to my ACA. So help me, God 🙏

[Nathan @OIuwatosin]

Out and about.

[Mayowa The Ibitola 🚀 @mayowaibitola]

The luckiest man on earth with the most beautiful woman in the world ❤️
I love you baby 🫶🏾

[mfonabasi. @Mfonabasiii]

two years later.
i was correct!

[Re Eni ke 🤍 @mor__de]

I embarrassed my Strava today, back to 6k in one hour 🤧

[Sir J (J9) @SirJarus]

Tosin (co-founder/CEO of Moniepoint) and I were same set in Ife (entered 2001). Razaq co-founder of Cowrywise a year our junior (2002).

I finished in 2006 because I studied a 4-year course. Tosin and Razaq finished in 2007 because Tosin studied a 5 year course, Razaq 4.

I didn't know Tosin in Ife. Razaq and I were close.

Now, Tosin's company, Momiepoint, has just committed N1 billion to building an innovation hub in OAU.

I can't wait for my own company, Jarus Homes, to also become big enough to be able to commit N1 billion into our alma mater alone.

Well done, Tosin @Eniolorunda

PS: I think OAU 2000 - 2010 guys really cooked. Apart from Moniepoint and Cowrywise, Jobberman, Seamless HR are other top tech companies founded by OAU guys of that era. Any other popular one?

[Re Eni ke 🤍 @mor__de]

I had this argument!!!! Like what do you mean unrealistic??

[Big Wums ✨ @WumiTuase]

My favourite thing about Call Of My Life is that even though may people think it’s unrealistic, it’s my reality 🥹

[Re Eni ke 🤍 @mor__de]

The group was unfair to Emily. Rachel was selfish, Ross was stupid.

[Ewgi @Ssaasquatch]

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 :)

[Oyinkansola @oyinkanbadejo]

Finance professionals will always have an unfair advantage 😅

[The Air You Breathe 🌬️ @BlehisBack]

Omo…. Inside this rain and cold, those kids and their teachers are still in the forest 💔💔

This is so unfair 💔

[Re Eni ke 🤍 @mor__de]

@Jollz It’s sad how many people are doing this thinking they have it under control till they destroy their family

[Jola @Jollz]

His business doesn't have that many problems babe that's not why he's stressed. HE IS GAMBLING. A lot of men than you know are hiding gambling problems