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glunn

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Everything posted by glunn

  1. Great double play there to get the Twins off the field.
  2. Good one and great overall setup. I will never think of my refrigerator the same.
  3. That sounds interesting. I am going to continue to research this. I have been writing covered calls for decades, with some success. But now I am wondering if I could have done better by also using puts.
  4. I can see how this could lead to big losses if someone is greedy and sells puts within 5% of the current stock price or on stocks that he/she has not carefully researched. But it also seems to me that if I was going to buy a stock anyway, this is a more conservative approach than a straight buy order.
  5. Good points. I am a very conservative investor and now have more than 50% in cash, so tying up $7,500 is not an issue for me. And I am going to do this in a retirement plan, so taxes will be irrelevant.
  6. I have been reading about selling put options as a good alternative for buying a stock that you feel is priced too high. For example, I am interested in Shopify, but not at today's closing price of $86.90. However, I would be willing to buy 100 shares of Shopify at $75. I could put in a regular 60 day buy order at $75 and sit around waiting for the stock to drop that far, which may never happen. Or I could sell one October put option at around $5.70 and put about $570 (less commissions) in my pocket immediately. If Shopify drops to $75 or lower before October 20, then I will be required to buy 100 shares for $7,500. But if Shopify does not drop to $75 before October 20, then I get to keep the $570. Also, Shopify would need to drop below $70 for me to take a loss, because at $70 I could sell the stock at a loss of around $5 per share, which is what I already pocketed from selling the put option. This seems almost too good to be true. I realize that I could take a huge hit if the stock were to drop much below $70, but compared with an outright purchase this seems a lot safer. I also realize that if Shopify goes to $200, this strategy would not be nearly as good as buying the stock, but keeping the $570 would still not be a bad thing, especially if I could do it over and over. Thoughts? Is anyone here using this strategy?
  7. Next time around you need to cover that in the prenup.
  8. And when I ask her for the score in the Indians game she tells me that the Indians are trailing and she sounds a little sad about that. I think that she has been programmed to be happy when the team you ask about is winning and sad when the team you ask about is losing.
  9. She sounds very enthusiastic when she announces that the Twins are "leading".
  10. The google woman who lives in my new smart phone seems thrilled that the Twins are winning. I wonder if she is programmed that way or is actually a Twins fan.
  11. Until today I have always used a flip phone. But one of my clients insists on texting, which is tough on a flip phone. So i got a smart phone that arrived this afternoon. The first thing that i did on the smart phone was to ask for the Twins score. It told me that the Twins were winning 3-0 in the second inning. I figured that it must be broken.
  12. Not me. It's OK to take advantage of bad teams in baseball.
  13. I bought SQ after reading this board and researching it elsewhere. So far so good. I thank my fellow TD members for putting it on my radar. Question -- where do you go to research stocks and who do you trust? I mainly look at seekingalpha.com and morningstar.com, then I carefully read the income statements and balance sheets for the past 3 years. I am wondering how the rest of you approach deciding on a stock.
  14. You are an unsung hero for posting the lineups, and please know that this diligence is appreciated. Here is a song just for you --
  15. What does Betterment invest in?
  16. Moderator note - the next person to bicker in this thread will receive an infraction point.
  17. This is a great note. Please heed it.
  18. Tax lawyers party pretty hard. It takes lots of intensity to be a good tax lawyer.
  19. And now he has a chance to give us an insurance run.
  20. Santana is taking the team on his shoulders tonight!
  21. Erv will pitch early in the All Star game this year? Will he start it?
  22. Good hustle by Grossman to get back to 2B there. Twins are playing quality ball tonight.
  23. I love San Diego -- go there every year for a tax conference. Great stuff to do.
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