Search found 3244 matches

by Cortopassi
Thu May 12, 2022 2:11 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

Cash seems to be the only place to sort of hide right now. I know TLT has come back a little bit off recent lows, but damn, I can totally related to Budd's whining about gold. Throwing the baby out with the bath water so often it seems.
by Cortopassi
Fri May 06, 2022 12:56 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

Regardless, it is definitely currently broken! I continue to sell calls going down, but doesn't feel very good anyway. May be selling them at $113 next...

When the heck are savings banks going to boost their 0-0.5% rates?
by Cortopassi
Thu May 05, 2022 10:13 am
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

Luckily enough, before the Fed announcement, I sold deep ITM calls on the remaining of my TLT holdings. At $117.50 I sold $115 calls. TLT has now dropped below $115.

And the market completely reversed yesterday.

Wow.
by Cortopassi
Wed Apr 27, 2022 2:46 pm
Forum: Permanent Portfolio Discussion
Topic: Are most people here sticking with Treasuries?
Replies: 80
Views: 3474

Re: Are most people here sticking with Treasuries?

Skyrocket is a relative term I guess. TLT has been pretty good dropping like a rock, and ...slowly... rising. So far, I have gone multiple weeks thinking I would get called out, instead being able to rewrite on a weekly expiring basis. It'll end at some point, which is fine. Then I'll write some put...
by Cortopassi
Tue Apr 26, 2022 10:03 pm
Forum: Permanent Portfolio Discussion
Topic: Are most people here sticking with Treasuries?
Replies: 80
Views: 3474

Re: Are most people here sticking with Treasuries?

I still have some TLT that I am writing calls on, but yesterday I converted all my 401k based long bonds to DIPSX, (https://finance.yahoo.com/quote/DIPSX?p=DIPSX) which is available in my 401k and seemed a good compromise for now. I still have my physical gold at about 20%. I am down to <6% in stock...
by Cortopassi
Tue Apr 19, 2022 4:04 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

My plan is selling covered calls on the way down right now, capturing 50-60% of the loss so far. But not the long bonds in my 401k....
by Cortopassi
Tue Apr 19, 2022 9:06 am
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

Damn, TLT cannot catch a break! Not even a peep of a relief rally for even a day for the whole month of April.
by Cortopassi
Fri Apr 15, 2022 2:14 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

I do not know. These options have expiration dates, so would added time be tacked on when reopened? Maybe? Worst case is you get assigned the shares at the strike price you had. You should never sell options on stocks you wouldn't want to own, so you just bought some stock maybe, is the other possib...
by Cortopassi
Thu Apr 14, 2022 11:09 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

There definitely is a mental attitude shift going on with me and this put selling. I really am liking not holding anything long term, and the puts I am holding can be rolled if they go against me, for credit, not like buy and hold where you are pretty much limited to watching the ups and downs and ...
by Cortopassi
Thu Apr 14, 2022 4:57 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

There definitely is a mental attitude shift going on with me and this put selling. I really am liking not holding anything long term, and the puts I am holding can be rolled if they go against me, for credit, not like buy and hold where you are pretty much limited to watching the ups and downs and ...
by Cortopassi
Thu Apr 14, 2022 2:36 pm
Forum: Variable Portfolio Discussion
Topic: Covered calls and Cash secured puts in TLT, GLD and SLV
Replies: 35
Views: 2705

Re: Covered calls and Cash secured puts in TLT, GLD and SLV

I have been writing covered calls on TLT for most of the recent drop. It certainly doesn't capture all the loss, but certainly buffers it. Just today I closed 123 strike calls, opened 122s, closed 122s, opened 121s, and likely will close those and open 121s for next week. Since I started TLT option ...
by Cortopassi
Fri Apr 08, 2022 7:22 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

There definitely is a mental attitude shift going on with me and this put selling. I really am liking not holding anything long term, and the puts I am holding can be rolled if they go against me, for credit, not like buy and hold where you are pretty much limited to watching the ups and downs and r...
by Cortopassi
Fri Apr 08, 2022 3:45 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

If you've looked at my options posting, I have converted about 33% of my net worth to cash and am selling puts. The rest I still have in a PP configuration, but yeah, i finally got a little tired of esp. holding GLD without seeing any income.
by Cortopassi
Fri Apr 08, 2022 12:49 pm
Forum: Politics
Topic: Putin Invades Ukraine II
Replies: 471
Views: 19557

Re: Putin Invades Ukraine II

I felt the need to post because of the alternate universes some of my buddies continue to live in. Since we own gold, one of my go to sites for articles about it for years has been 321gold.com. But I haven't gone there lately basically because of a disinterest of reading about it day to day. But I d...
by Cortopassi
Fri Apr 08, 2022 12:17 pm
Forum: Bonds
Topic: Fed damaging bond market
Replies: 54
Views: 2706

Re: Fed damaging bond market

It is unfortunate that at any timescale/starting point from 1 day to 20 years (to today), TLT has severely underperformed gold and the overall market. I still hold it, yes, but damn it's been painful for the past few months. I am definitely worried in trying to tame inflation that all assets are goi...
by Cortopassi
Fri Apr 01, 2022 2:07 pm
Forum: Variable Portfolio Discussion
Topic: Covered calls and Cash secured puts in TLT, GLD and SLV
Replies: 35
Views: 2705

Re: Covered calls and Cash secured puts in TLT, GLD and SLV

Monthly update. Options accounts current returns since Jan 3, -0.69% Same accounts as they were in B&H PP would be -4.63% Only reason I am negative in the options accounts is I have yet to get rid of the TLT shares they hold (I have some covered calls on them now that should get them called away) Ov...
by Cortopassi
Wed Mar 16, 2022 5:01 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

Oh, I'm not selling my physical....but I am selling puts on GLD to create income, which so far has been working well. This has been able to turn gold into a productive asset, finally for me. And one, when it drops, I actually get a little excited about because drops are perfect times to sell puts. C...
by Cortopassi
Wed Mar 16, 2022 2:41 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

A little volatile today!

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by Cortopassi
Tue Mar 15, 2022 9:42 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

Well, not anymore... ;)

All Is Well!!!! Buy stocks. Interest rates going up! War? Hah! Gold is useless!

This is so typical of the past 14 years I have owned this yellow crap. O0
by Cortopassi
Mon Mar 14, 2022 3:06 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

But not unexpected...
by Cortopassi
Fri Mar 11, 2022 4:02 pm
Forum: Variable Portfolio Discussion
Topic: Covered calls and Cash secured puts in TLT, GLD and SLV
Replies: 35
Views: 2705

Re: Covered calls and Cash secured puts in TLT, GLD and SLV

The past couple weeks with Ukraine have been interesting. I have been able to take advantage of the ups and downs in GLD, SLV, TLT and SPY to get in and out of cash secured puts and covered calls at a (so far) 100% success rate with nothing needing rolling yet. Maybe it has something to do with watc...
by Cortopassi
Tue Mar 08, 2022 9:35 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

Hmm. This is now a good problem to have! Most of my gold is physical. How do I actually take advantage of this? Am I buying puts on GLD as a method of rebalancing?
by Cortopassi
Sun Mar 06, 2022 7:20 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

$2000. Wow.
by Cortopassi
Fri Feb 25, 2022 9:12 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

I am imagining all the newbie gold owners going, wait, what the hell, a country was invaded and gold is down? ;) ;) ;)

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by Cortopassi
Thu Feb 24, 2022 1:13 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3496
Views: 1048703

Re: The GOLD scream room

If anyone didn't expect this, you haven't been tracking gold long enough.

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