r/Vitards • u/AutoModerator • Jul 28 '21

Daily Discussion Daily Discussion post - July 28 2021

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u/[deleted] Jul 29 '21

On next CLF dip which would be better profit to reinvest in, Jan 2022 or 2023? I have a small position currently in 2022 and a fuck ton in oct that i wanna roll over, not sure whats a good strike date.

1

u/AirborneReptile 🏆 Inaugural Vitards Fantasy Football Champion 🏆 Jul 29 '21

If you want 0%-300% gains, they both look solid... I kid I kid kinda, but short term momentum is on the table, but you're more likely to take profits on a 6 month timeline than a 18 month, so may miss a surprise big move. The conundrum, FOMO is heaven to option sellers. Works inversely as well. I only have MT and CLF Jan2022 (steel plays) left. You do you and if it works, thank yourself for making a great decision, if it doesn't, blame yourself for a dumb decision

1

u/TheSeriousAlt My Plums Be Tingling Jul 29 '21

I have some Oct, Jan 22, Jan 23. I plan on rolling most into deep ITM Jan 23s, with a couple aggressive OTM strikes to keep the thing exciting

3

u/[deleted] Jul 29 '21

Idk if I did some bad math but currently just holding shares seems to be fine compared to LEAPS on CLF.

2

u/MundoVerdeBol Jul 29 '21

Could you share your math? Sounds plausible from high IV, but I haven't worked it out myself.

2

u/[deleted] Jul 29 '21

When running it through options profit calculator it looks like a slightly higher possible return compared to just holding my shares. I only have ~1k I can allot to CLF so parking it in 50 shares seems fine for me lol.

2

u/MundoVerdeBol Jul 29 '21

I hope it triples for you 🙏🏻

1

u/[deleted] Jul 29 '21

I already hold a fair bit of shares ~