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Originally Posted by Malachii
Just thought I'd check in and report that I'm up 40k on those Wells Fargo calls I bought back in December and still have another 9 months to go. TGT has been kicking ass too, wish I had a larger position on that one but I'm still making good money, many thanks to twelve yr old for posting about that one, it was already on my radar but that post really helped reinforce my conviction.
I'm also long a boatload of CVS calls and have a giant bet on STNG (10k shares of the underlying and 150 calls with expirations on 1/22 and 1/23 at strike prices of 15, 17, and 18.) Basically a bet on oil demand and economic growth both coming roaring back once we have a widely vaccinated population, and IMO STNG seems to be the best way to play it in terms of bang for your buck. But I've gotten burned on STNG hard before, so YMMV, and this is a medium to longish term play.
Also, I realize this probably isn't the thread for this, but if you don't own Bitcoin, you should seriously consider buying some. Everybody should have at least some exposure to it.
In case anyone cares, I cashed in my WFC calls for like 65k in profit a while back. Should have held onto them. If anyone followed me on that trade, you made a mint.
Sold 50 of my SNTG calls but still holding 100 calls and 10k shares, although I'm souring a little bit on that one. I still believe it'll be higher but it might take longer than I originally hoped, Covid is well under control in the US but everyone else is f*cking it up.
Overall though I would say that I'm generally bullish on casinos and energy but overall I think most of the easy money has been made in this market and there's crazy amounts of speculative froth, which historically has ended poorly since people tend to be stupid.
It's also a little disheartening to see how much the dollar was devalued with all these Paycheck Protection Loans, I don't think your average man in the street realizes how many people that own businesses just got away with straight murder on that program (hence part of the reason why I'm bullish on casinos). But overall I don't really have any great ideas at the moment, I think a lot of the easy money has been made.
Good luck to everyone, hope trading has been going well and people are making money.