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I’ve still got calls I am chasing. Intel at 35.50 and it’s at $40 now. Tqqq at $112 and it’s at $118. Market outran my calls. Lrcx call in February for $135 and it’s already at $161 today. Bidu $105 and $118. So I’m going to need the market to chill. Speed up the clock or just sell below market value.
Carvana collapsed. Which means I collect an easy $170,000 this week and about $80,000 each of the next two weeks and then the game is over. It was up around $350 $365. Even $380 briefly and I have calls at $435. Dropped to $302 on a bad earnings report. Which means the calls are worthless and I’m rich. Problem is to do it again means I would have to sell new calls at $350-375 and one rule I have is that I don’t sell calls in a territory a stock has already been. It’s already shown you it can get there. Why let it bankrupt you at a price it’s shown you it can reach? So I’m kinda bummed. I know it’s a fraud. I made money off it. Now the game is over. Pout. What now? Trump game ended about a month ago. That stock is road kill and no one even wants to poke it or kick it any more.
I suppose having less exposure is good but sure has been fun making a couple million this year doing that. You sort of get used to it.
now I just have to work on getting those calls I’m underwater on above rolled higher. Wondering if I should sell some tqqq. My average cost is like $33 and it’s $118. A 10% dip on the market would cost me 30% and the stock would go from $118 to $82 over night costing me $1.8 million. Thinking of Kenny Rogers and knowing when to hold em. When to fold em. When to walk away. And when to run. I can sell 3570 shares that aren’t wrapped up by calls. Thinking that would be about $421,000 and might be a good start. Especially if I can find some losers like psec to sell and offset the gains. Would help be raise that $ I need for the new building I found. Waiting for the Colton one to sell