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Investing JustJoey style

69 members • Free

79 contributions to Investing JustJoey style
I sold puts and CC's this week on SOUN
Last week I sold my shares of SOUN @ $8.5 covered calls was assigned. SOUN, my price targets are still 12-17 . I bought back in with 1500 shares @ 9.16 and sold 9.5 CC this week. I made $375 premium from the 15 sold calls and what happens, happens. If I end up selling the shares, I'll make an additional $510 on top of the option premium for price appreciation from 9.16 average to 9.5. Secondly I sold 5-8.5 strike puts to get in lower if price drops, made $110 premium for those. I am letting the week play out. If I buy or sell from the options that is fine. Minimum profit is $485 from options premium and maximum profit $995 for this week. SOUN above 9.5 by close Friday I realize max profit, if below 8.5 close on Friday I'll buy 500 more shares lowering my average. No matter what happens I will make $485 from $17,990 in collateral. That is 2.7% on for the week! If best case happens that will be 5.5% on the week! Investing JustJoey Style
1 like • 22d
@Joey Shaw I had thought of buying 30-50 shares and flipping them but its average cost, buying lower would just DCA down. No, I haven't got to do a full cycle yet with options. I did sell a $6.00 put for July 17th with a $27.00 premium. If I get the shares my average cost will be around $7.10.
1 like • 15d
@Joey Shaw I'm trying my best boss. I only have one $6.00 cash secured put open right now. Might sell a CC on Friday. Only going to be a couple dollars but you know I'll take any money I can get.
MSTR bought more Bitcoin this week
MSTR bought 1587 more Bitcoin! They also increased their cash reserve by $100 million to $1.1 billion
1 like • 15d
!!!!!!
I sold Bitcoin????????
I forgot to post in here. I sold about $74,400 and I bought back at $73,000. This was done under my cost basis so that means I didn't have any capital gains for taxes and I bought 2% more bitcoin than I sold. WIN WIN Why did I sell if I have so much conviction in Bitcoin? Because sometimes sentiment and charts tell you a different short term story. I only sold what I was comfortable selling, just incase the move didn't work as planned. This was investing mixed with short term trading
1 like • 25d
@Joey Shaw by FAR its the toughest!
1 like • 25d
@Barbi Shaw many myself and they won't be the last.
Options
Last Monday I sold a SOUN $9.00 covered call that expired yesterday. Was only $8.00 premium. Yesterday around 3:00 when SOUN dropped below $9.00 I rolled the option for next Friday $9.50 and it paid $23.00 in premium. My original CC I bought back for $4.00 so I gained $4.00 plus the $23.00, so $27.00. I'll take any free money I can get. $27.00 isn't a lot of money but it adds up. Think about this If I had 1,000 shares, I could have done that same trade 10 times and made 10 times the amount I made. Thank you, Joey, for showing me how to roll options.
SOUN trade update
I have 2450 shares of SOUN I sold 5 CC's (covered calls) expiring next Friday May 29th so 1 week. Made $80. Most of these shares were bought around $8 or under. I will make about 10-15% on those shares. I will hold the remaining 1950 shares and I currently don't plan to sell until 12-17/share. I won't be selling covered calls on those remaining shares incase price moves quickly. This will give me more control. CC's will lock your shares until expiration this is why you get paid to do them. I do plan to sell CC again once price moves higher if it makes sense, I will sell ATM or ITM covered calls for increased or I will just sell shares once I like the price/chart.
1 like • May 22
Last night I was thinking about doing this. I have three CC's that expire today. On Monday I'm thinking about selling one $9 or $9.50 CC and keep doing it until they get called away. Then sell a $7.50 or $8.00 put and keep doing it until I buy. Then back to the CC's. Wash rinse and repeat the same 100 shares. Thoughts? This dog may be adopted soon then I'll have more time to watch/read the rest of that for you. This guy has kicked my butt man!
1 like • May 22
@Joey Shaw he has a meet and greet Monday, thank god! I don’t like the way you worded that, but I have to find the wording. He’s not trouble, but he loves to play all of the time. Literally all of the time. If I don’t play he starts whining. It’s annoying, he’s annoying! 🤣. The $11-$12 and up CC’s aren’t paying so doing that I’m making premium, if my shares sell I make something and if I sell a put I’d be buying lower than my average cost, which is $8.27.
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Randy Skaggs
4
9points to level up
@randy-skaggs-5137
Day Trader. Investor.

Active 1d ago
Joined Apr 16, 2025