Financial Independence Daily FI discussion thread - April 08, 2020 |
- Daily FI discussion thread - April 08, 2020
- Selling OTM calls to generate income in early retirement
- S&P 500 Guesses for End of 2020 (Distribution)
- Weekly Self-Promotion Thread - April 08, 2020
| Daily FI discussion thread - April 08, 2020 Posted: 08 Apr 2020 01:07 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Selling OTM calls to generate income in early retirement Posted: 08 Apr 2020 01:33 PM PDT EDIT: This is not about the wheel strategy stop talking about it. I don't want to sell puts. In a world where someone has heavy holdings of SPY (or really any stock that has fairly liquid options), say 500+ shares or so, is there any reason not to leverage those passive stocks by selling weekly OTM calls, continuously cycling at your risk tolerance? As an example, selling 5 contracts of April 15 $287 calls would net you $500 a week, a potential additional gain of $26,000 annually, which one could scale up or down depending upon their personal appetite for risk. Of course you're forced to sell if the stock crosses the threshold, but at that point if you're buying puts predicated on a 5% climb in a week, you've made enough on your actual holdings to offset. I know this is FI and not WSB but is there room for an aggressive approach to stimulate higher returns for those of us who are generally passive investors? [link] [comments]  |
| S&P 500 Guesses for End of 2020 (Distribution) Posted: 07 Apr 2020 10:46 PM PDT Hey everyone, I made a graph to visualize the guesses so far from the S&P 500 contest thread: Slapped together a little python script to scrape the top-level comments from that post and dumped the data into Google Sheets to get a few rough histograms. The main tab shows the bulk of the guesses (between $0 - $5000) in buckets of $50, the other one captures the 0-10000 range (in $100 buckets) for all the jokers in the thread. Values over 10,000 are filtered out in the script. I'll be updating the chart/spreadsheet with new data periodically if anyone's interested! (feel free to remove if this doesn't require its own post. Thought the contest was a fun idea and saw a couple of requests for this data visualization so thought I'd post for visibility) Edit for mobile users: Oops, didn't realize the Google docs link doesn't work for mobile for some reason.Here's the image version of the main graph (Guesses from 1000-5000): https://docs.google.com/spreadsheets/d/e/2PACX-1vQrqsDlhyTJwTOjxI3VfXvsZ7dwtAtIoXS0ioRyR77LmRNwwA5ZPlxrkUiV4eWd3O4NV0AXL0BjBTVa/pubchart?oid=1266224186&format=image and for the rest of the data (0-10000):https://docs.google.com/spreadsheets/d/e/2PACX-1vQrqsDlhyTJwTOjxI3VfXvsZ7dwtAtIoXS0ioRyR77LmRNwwA5ZPlxrkUiV4eWd3O4NV0AXL0BjBTVa/pubchart?oid=239127310&format=image Also, since I see some people are commenting their guesses on this post, just wanted to clarify only the guesses on the main contest thread are being collected, so commenting on this post will not count towards the graph data. Edit 2: Updated the main graph to show guesses from 0 - 5000 after fixing a bug where some guesses with commas (ex: 3,500) were getting counted incorrectly and messing up the distribution. [link] [comments]  |
| Weekly Self-Promotion Thread - April 08, 2020 Posted: 08 Apr 2020 01:07 AM PDT Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts will be removed. Put some effort into it. [link] [comments]  |
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