Robinhood

edds93

Trusted Contributor
Messages
224
Y’all need to be in MPC before it rockets back to $44. 8 percent dividend as well. I’m all in on this one.
Oil is dead my guy. Besides, if it doesn't have a chance of being a 10 bagger in one day, I'm out. I'm tryna get serious tendies on the reg, you feel me bro?
 

Dontbotherme

Forum Sage
Messages
739
Y’all need to be in MPC before it rockets back to $44. 8 percent dividend as well. I’m all in on this one.
I was in MRO @ $3.95 then the POTUS tweeted and I panic sold at $4.13. I should’ve kept it as if he up 11.1%. I’m glad I didn’t sell XOM though. I’m up 4.9% in it from last week.

I'm gonna yolo 10k into CCL 35c 4/16 about 2 weeks before the election
The way CCL is going up as they announce more cancelled cruises, layoffs, and trying to sell ships... It feels like a pump before the dump. I was in @ $15 and then sold @ $15.71 right after POTUS’s exceptional tweet.
 

Foxtrot Romeo

Member
Messages
59
The way CCL is going up as they announce more cancelled cruises, layoffs, and trying to sell ships... It feels like a pump before the dump. I was in @ $15 and then sold @ $15.71 right after POTUS’s exceptional tweet.
Yea I hopped on the MRO train when it was @$4 and been doing well with it. Going to hold for now. Also, took CCL around $16.
 
Messages
25
Oil is dead my guy. Besides, if it doesn't have a chance of being a 10 bagger in one day, I'm out. I'm tryna get serious tendies on the reg, you feel me bro?
What’s your thesis on oil is dead? Most cars on the road are still gas. Airplanes are still flying. We will rely on oil for quite some time IMO. We lack the technology and resources to go 100 percent green. I personally think MPC is super undervalued and will rack in my 8 percent dividend every year. I also sell covered calls on my position to boost returns. I’m not trying to hit a home run because most of the time you’ll strike out. Just base hits. Double my account every 2 years. Using margin carefully to increase yields and returns. You can use margin safely by selling covered calls and taking the premium you receive to buy puts. That way if your position does turn the wrong way you’re protected in some way.
 

edds93

Trusted Contributor
Messages
224
What’s your thesis on oil is dead? Most cars on the road are still gas. Airplanes are still flying. We will rely on oil for quite some time IMO. We lack the technology and resources to go 100 percent green. I personally think MPC is super undervalued and will rack in my 8 percent dividend every year. I also sell covered calls on my position to boost returns. I’m not trying to hit a home run because most of the time you’ll strike out. Just base hits. Double my account every 2 years. Using margin carefully to increase yields and returns. You can use margin safely by selling covered calls and taking the premium you receive to buy puts. That way if your position does turn the wrong way you’re protected in some way.
Sure we will still be oil dependent for years to come, but demand is way down and supply is still high. Pre-covid, oil production was at all time highs I believe as a result of the fracking boom. The excess supply was already keeping prices supressed around $60 a barrel when it had been up at $150 a decade earlier. Obviously covid just crushed demand even further. The WFH movement as well as the massive layoffs and unemployment numbers reduced gas demand as commuting to work decreased. Air travel and cruising is still extremely depressed. The push to EV is being embraced more and more. Look at Commiefornia moving to ban sales of gas cars by 2035. The economy is in shambles and the "recovery" is completely dependent on printing ever more money at the Fed and dropping it out of helicopters. Even the oil industry recognizes it's in trouble. BP and Shell already cut their dividends and analysts say more oil companies will follow. The only scenario that I think really increases the price of oil is hyperinflation or stagflation, in which case there are better hedges to bet on. While it's smart to sell covered calls, I don't really like to mess around with too much hedging because I'm greedy and want to maximize my profits. Selling calls and using the premium to buy puts doesn't sound very efficient though, but what the hell do I know?
 
Messages
25
Sure we will still be oil dependent for years to come, but demand is way down and supply is still high. Pre-covid, oil production was at all time highs I believe as a result of the fracking boom. The excess supply was already keeping prices supressed around $60 a barrel when it had been up at $150 a decade earlier. Obviously covid just crushed demand even further. The WFH movement as well as the massive layoffs and unemployment numbers reduced gas demand as commuting to work decreased. Air travel and cruising is still extremely depressed. The push to EV is being embraced more and more. Look at Commiefornia moving to ban sales of gas cars by 2035. The economy is in shambles and the "recovery" is completely dependent on printing ever more money at the Fed and dropping it out of helicopters. Even the oil industry recognizes it's in trouble. BP and Shell already cut their dividends and analysts say more oil companies will follow. The only scenario that I think really increases the price of oil is hyperinflation or stagflation, in which case there are better hedges to bet on. While it's smart to sell covered calls, I don't really like to mess around with too much hedging because I'm greedy and want to maximize my profits. Selling calls and using the premium to buy puts doesn't sound very efficient though, but what the hell do I know?
 

Phillytroll69

Trusted Contributor
FAA
Messages
196
Facility
JNU Juneau Tower

grackfields420

Trusted Contributor
Messages
90
i feel like the boat on cloudflare has already sailed...
go look at today's aftermarket charts for those tickers and figure out why they are the way they are

I'm dropping 15k on NET 60c 11/20 at open tomorrow. will take a look at maybe doing FSLY instead depending on how premarket looks for these 2 tomorrow
 

grackfields420

Trusted Contributor
Messages
90
go look at today's aftermarket charts for those tickers and figure out why they are the way they are

I'm dropping 15k on NET 60c 11/20 at open tomorrow. will take a look at maybe doing FSLY instead depending on how premarket looks for these 2 tomorrow


Let's go baby daddy needs a tesla

Took a 1k loss and jumped ship to NIO



I'm so fucking hard right now. Gonna sell in about an hour

 
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