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#3710
Java
Keymaster

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