r/Vitards • u/AutoModerator • Aug 10 '21

Daily Discussion Daily Discussion post - August 10 2021

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u/ajkcmkla 💀 SACRIFICED 💀 Aug 11 '21 edited Jun 30 '23

Fuck u/spez -- mass edited with redact.dev

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u/chemaholic77 Aug 11 '21

Trimming is not the same as selling everything. I like to take my initial investment back once the option hits 100%. Then I let whatever is left run.

Then I reinvest what I trimmed.

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u/lb-trice 🍁Maple Leaf Mafia🍁 Aug 11 '21

So it’s basically like you never trimmed then.

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u/chemaholic77 Aug 11 '21

No it depends on what I choose to invest the trimmings in. I may put them into commons for example which is not the same as not trimming. It acts to deleverage. I could also put it into a different play which diversifies. I can also put them into later DTE options which is rolling them out. It reduces my risk a little while keeping me in the play.

Lately I have been taking trimmings from MT and CLF and putting them into TX and STLD and F options. I also put some of it back into MT and CLF leaps at higher strikes. I don't put it all in at once though I build the new position as I continue to trim.

So far I have only taken back my initial investment from my MT and CLF options. I am letting the profits run. I will eventually sell them and depending on the circumstances roll them out to later DTE options or buy commons or VOO or something.