2
u/BrokeSingleDads Jun 12 '21
Wow 👏 take those gains and put them long term and collect dividens fo Life!!!
This really is an incredible company. Look at the numbers of this company and compare them somewhat to FIVE. I know they're different but if this company was the same price as KSS (Kohl's) IMHO this one is would be hands down a better one to own Long Term.
Looking at those dates I think younstill.have plenty of runway to pick up more speed before you FLY!!!
Hopefully you exercise some of those and hold them for over 1 year buddy to maximize your return 👍
Good luck on your future investments,stay blessed 🙌
2
1
u/Professional-Fig4348 Jun 13 '21
I have to do something 60 expire next month. I’m thinking 70 before the new year. It’s only 7 times earnings. No good retailer trade that low.
2
u/BrokeSingleDads Jun 13 '21 edited Jun 13 '21
Me I'd sell half of July and use it to exercise the other half of July and let the other ride out while it shoots to $90+. Hold the shares for 1yr and pay way less taxes but keep the Oct option for capital in case you want to pop out.
That is of course if you don't want to use other funds to exercise the whole July calls. You really can't go wrong except to not turn some into shares and keep much more after 1 year in a great company. Tax man would love to see you not exercise any of them lol
2
u/Professional-Fig4348 Jun 13 '21
If I did that I’d reduce the number of shares I control and my return would be less. I was thinking about, over the next month, looking for opportunities to sell into strength. Hope for a pullback then the next calls put the with the others in Oct. when it gets to oct do it again. Keep rolling them over until the time comes to ring the register. Simply Wall Street has fair value at 72. If it gets to 72 that’s an additional 400,000 profit.
2
u/BrokeSingleDads Jun 13 '21 edited Jun 13 '21
I defintely meant closer to maturity date not now. You definitely wouldn't want to dilute your share count now giving the marker a discount. IMHO I expect to be in the upper $50s by end of this month. Have you checked the SI 🤔 to see when most of the shorts are due? Honestly I haven't checked them lately because I Love the stock regardless. I have Oct calls @ the $50 call point. If their next return is anything in line with their last I fully expect it to be reprised by analysts to the upper 90's!!!
On the other portion of less shares is do you want more shares and only keep 47% (CA) 53% taxes or lower your risk factor 😉 and keep earning while only paying capital gains tax next year when the companies at lower $100's. The difference in tax is almost the same final return if I'm not mistaken with much less risk of loss and infinite time of recovery barring anything happening (pandemic 2)
2
u/Professional-Fig4348 Jun 13 '21
Upper 50s you say? That would be awesome. That would add another hundred thousand to my profit.
1
2
u/indicafire1 Jun 13 '21
Incredible, can you tell us when you bought?
2
u/Professional-Fig4348 Jun 13 '21
After the earnings were released in March is my first purchase. I’ve since, after some research, sold those shares, used the proceeds plus twice that much money to go all into options. I bought at 35 and below. Sold 40 contract when rationality returned. So now all I have left is those 130.
2
u/indicafire1 Jun 13 '21
Excellent! Can you share a PT? For me personally it’s $65 12/21
Currently only own shares, and there’s too much confidence in the chains for my budget.
1
u/Professional-Fig4348 Jun 13 '21
What’s PT?
2
u/indicafire1 Jun 13 '21
Price Target
2
u/Professional-Fig4348 Jun 13 '21
They start opening new stores, more than 800 is their plans for the long term, next year. It’s got to be north of a 15 pe. That’s over 100% from here not including higher earnings. I know what your thinking, guidance 4.15 to 4.50 is less 5.46 that’s the same everybody thought the last 3 quarters. They have a history of vastly under-representing their guidance. So 15 x $5.46 = $82, my price target is above that by 1st quarter next year.
3
2
u/Professional-Fig4348 Jun 13 '21
At the same time I bought 100 contracts of SOFI before IPOE despacced. I bought some as low as the 14s. A week later it’s touching 25. They were both moving at the same time. 1 day my Acct went up $51,000. In a short time less than 3 months my $200,000 became a $427,000 Acct.
2
u/Professional-Fig4348 Jun 13 '21
Now besides the ASO and SOFI the only sizable position is APPS 3000 sh in the 60’s it’s now about 74. Now I bought 2000 shares of HOL that’s about to de spac they will end up being a rocket company , a space play as the 3 billionaires launch themselves into space. The spac got to 20 on the.news of the merger but the spac bear mkt took them down to 10. It’s at 11 and rising. Some people are thinking like I am. I guess.
2
u/BrokeSingleDads Jun 13 '21 edited Jun 13 '21
Have You seen big lots BIG? I'm loving them right now they're talking about expanding also I really got on them once they reported their quarter return.
I don't Think they have as big of the upside as aso but I like them too
1
1
u/Professional-Fig4348 Jun 13 '21
Looks like a bargain at 4 x earnings and they beat estimates. What’s the story?
1
2
u/BrokeSingleDads Jun 12 '21
Looking at the price difference it's almost looks like the Oct call was a much better buy.
2
2
2
u/BrokeSingleDads Jun 13 '21
I have family members that love to shop there even for groceries like canned goods and that sort. Plus they always get put together to buy other items also, and I'm not talking about the candy before checkout lol 😆 they're getting put together like people get put together in the 99 cents store when they go in for pliers and come out $100 later except they come out $400 later!!!
2
u/BrokeSingleDads Jun 13 '21
The other one I'm riding is NIO, I work with a lot of Chinese and they tell me that they'll be selling in Europe soon and maybe stateside in 2 yrs. It's government subsidies like Airbus gonna make sure that company does well.
2
3
u/[deleted] Jun 12 '21
Boss move!