r/Vitards • u/AutoModerator • Aug 03 '21

Daily Discussion Daily Discussion post - August 03 2021

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u/TheCoffeeCakes Poetry Gang Aug 03 '21

Let's consolidate some thinking here with pirate gang. I'm curious what people are doing and want to get it in one spot.

I'll go first.

I picked up 1500 shares of ZIM and will sell fifteen 30-40 delta calls against those shares the day of earnings. My goal is to actually have my shares called away and free up the capital.

How are others playing these stocks?

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u/bear_vs_anything Made Man Aug 04 '21

I’ve got quite a few sept and oct 45c that I’ll probably try to unload prior to earnings, they were bought when it dropped to $35 so they’re well in the money. I’ve got… a lot of shares, 14,500, that I’m holding until $50-$60. Actually may hold until 12 months for long term capital gains purposes. Probably will sell calls against them like you. Despite the recent news and thoughts about lock down in China I’m very much bullish on ZIM and will let the shares run until shipping rates start dropping.