Greg Proctor

Join the May 30th Options Portfolio Masterclass and learn to sell options profitably and safely with me: bttcourse.com/options-course…

@airtothewic Hope to see you next week! Enjoy your travels!

@GregProctor That’s awesome Greg!! Sorry for missing the dinner club last night. Out traveling a bit so will pick it up again in a few weeks.

+$17,870.31 in options profit so far this month. My average loss is higher than normal because I've been defending these covered calls on my $TSLA shares, which are working out well with this pull back in $TSLA. I'll post on Youtube video on this trade later in the week. Learning to sell options well has put me in a position to retire as a lawyer, which has been a goal of mine for a long time. I thought $TSLA share appreciation was going to allow me to quit my law career but life rarely works out the way you expect it to. I'm holding an Options Portfolio Masterclass on Saturday, May 30, where I'm teaching students exactly how to be profitable long term with options. Join here: bttcourse.com/options-course… #options #optionstrading

@BoBbyPleWniaK It's bittersweet. Yes, it's great that the covered calls are working out but my overall portfolio like $TLSA at $450 more than it's current $400 share price. :(

@GregProctor Love the insights greg

Yes, exactly. I kept rolling out as $TSLA was running, all the way out to 60dte at $475 strike. On this pull back, I rolled back in to 30DTE at the $440 strike. I don’t want that time risk out there with $TSLA right now.

Tonight at the Options Sellers Dinner Club we talked about lot about the advantages and disadvantages of selling covered calls. We used my 28 CCs on $TSLA that I’ve now rolled up and out twice, then down and up once as an example of rolling. Great stuff!

@snorchy1 @Invest_Brandon There’s too much risk at 7-14 days out. We have to balance risk and reward.

I learned that the most decay, say for a monthly, is day 14 days to expiry to 7 days to expiry. So to max out premium decay I will sell an option with 14 days left to expiration and then roll it with 7 days left and go back to 14 days out. Check it out. You can easily spot that 14 days out is typical more than double the premium of 7 days left. A lot of times I collect more than the total amount of premium of the 7 day out option.

Most retail investors sellingmonthly puts think they are going to win... Here is the math that ends that argument. Market gets cheap. I sell one 2 year put. Collect $20,000 ish. You sell monthly puts on the same company. $1,000 per month average. You make money in the up months. You lose in the volatile months. You have to sell at the top when it is not compelling. After 8 months you made $8,000. I made $20,000 in one trade when the market was cheap. Took the premium. Bought shares. Bought calls. Sat back. 4 months later the market rebounded. I closed the 2 year puts at 75% profit. I held them for 4 out of 24 months. You hit 8 trades. I hit 1. You made $8,000. I made $20,000+. Less trades. More conviction. Portfolio secured put wins again.

@BoBbyPleWniaK We just talked trash about you the whole time.

@GregProctor Well shit. Guess who again was sleeping. Sounded like good time and I’m sure your $tsla example was entertaining to review.

Wow, I'm pretty surprised by this. I don't know the details but surprised at first blush.

@BoBbyPleWniaK We’re building “character.” 🤣

@GregProctor I liked seeing -200k

Take out 411 gap and moving 10 points off high of day. Pretty funny isn’t it? $tsla

Options Sellers Dinner Club tonight at 7pm ET. DM for details. Check your email if you’ve already signed up.

@Omamba256 haha our convo reminds me of this video: youtube.com/shorts/W_T44Cu…

@GregProctor Oh. You meant the stock was overpriced. Why didn’t you just say that?

Investing in the SpaceX IPO at a 2T valuation seems very over priced to me.

Here's an example, $TSLA in 2021 was $400/share. Today, 5 years later $TSLA is $430/share. That's less than 10% share appreciation in 5 years. I think it's inarguable that $TSLA was overpriced at $400/share in 2021. I say that as someone that has been a $TLSA investor that entire time period. The rest of the MAG 7 have crushed it in the same time period.

@GregProctor The sun can be overpriced? Waking up early can be overpriced? Thinking can be overpriced?

@Omamba256 The same way anything can be overpriced....

@GregProctor How can investing be over priced?

@Puffery69 mmmm too speculative for me.

@GregProctor Thus buy better with RKLB and ASTS

@DeverNoom I don't know if I agree. I don't disagree. How much of a long run are we talking about? haha

@GregProctor Maybe in the short term, but in the long run it’s the biggest nobrainer

@SebRedBu11 @richardhutton @Twizz7871 The AI sector has grown tremendously

@richardhutton @Twizz7871 @GregProctor How much has the broader AI sector grown? Plus, if your company 2.5x’s in size in a year, that should also be reflected in the price

@WR4NYGov I hope nobody views my post as a well reasoned analysis. Listen to me on matters of patent litigation and how to sell options profitably. For everything else, I’m just shooting from the hip. 😁

I'm constantly amazed at the number of people who can evaluate IPOs and mergers before any documents are released.