<p>Didn’t even know that there are QLD options.</p>
<p>Options on options.</p>
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<p>I agree, not just the economy, it will affect the culture, too. We will be producing for the rich minorities. We may see as many luxury good stores as fast food restaurants. It would gross me out. People will be enslaved to cater the haves, about 4-5 million people in the US? Mass production may not make much sense any more.</p>
<p>Absolutely it will affect the culture.</p>
<p>I talk to people and they think they made their money all by themselves. They don’t want to share. </p>
<p>Well… If the wealthy don’t share voluntarily, they are going to share more involuntarily. </p>
<p>If our economy and culture doesn’t work for 98 percent of the population, the economy and culture will change</p>
<p>People will put up with a lot of crap if they think the future looks brighter. When people think the future isn’t brighter, that is when you get the change.</p>
<p>Takes time. Change doezn’t happen in a day or a year. Might take a Couple of decades. That is only one generation.</p>
<p>People are stupid. Just one example, very few people pay the death tax and those that pay saw those taxes cut. Yes the rates are higher, but now the amount that will be taxed is inflation adjusted. Over time this is a huge tax cut for the wealthiest. People don’t know this. They see the rates have gone up and see tax increases . lol. </p>
<p>Of course the wealthy are using backdoor roths. If somebody sees a backdoor roth is worth it when they are backdooring a million, then isn’t it worth it for 10 million? </p>
<p>Of course it is…</p>
<p>I already posted the games the wealthy play with regular roths. I am not going to post that again.</p>
<p>By the way, I was told that a species in the ape family shares better than humans. Makes me wonder which species really evolved.</p>
<p>When I say share, I don’t mean everyone ends up with the same. Some posters are a little challenged and think sharing and sharing equally are the same thing. </p>
<p>The economy works better with a larger distribution of wealth.</p>
<p>If you want to get rich quick amd you think the market is going higher … Buy calls that are otm in leveraged vehicles. </p>
<p>Or buy calls that are otm in very volatile stuff. </p>
<p>Or better yet and harder, buy calls in stuff that isn’t volatile but becomes volatile…
You better be right, but if you are…</p>
<p>How do you backdoor a million, when the contribution limit is 5.5K/yr, or 6.5K if you’re 50 and older? Perhaps you’re referring to another Roth deal, but I don’t think that’s a backdoor option.</p>
<p>You can buy the aapl 480 calls for .58 that expire in two weeks.</p>
<p>Let’s say you buy 1,000 calls and you move the option .05. </p>
<p>You own 1000 calls for 63,000.</p>
<p>Aapl announces a kick butt version of apple tv. Stock rallies to 500. You make 2 million less the cost of 63,000. </p>
<p>Leverage can work. Companies use leverage I don’t much anymore.</p>
<p>I use leverage but not like that. Typically I buy calls with a delta > .95.</p>
<p>The 5.5k is founder stock.</p>
<p>Well doct, . If you want to take a chance on getting richer quicker otm calls are an option.</p>
<p>The only way I would use otm calls is a trade I mentioned in the past with iwm where I would buy an otm call and sell an otm put against it where the cost was 0. In that particularly case, if it didn’t make it to the strike price by expiration I wouldn’t lose anything. The put strike price was sufficiently low that if it was itm, it was a good price to buy the stock at.</p>
<p>Many of the guys in cnbc use leverage. </p>
<p>Birinyi for one…</p>
<p>The option brothers on fast money…</p>
<p>The guy who moved the market last week…Tepper…</p>
<p>Razorsharp…</p>
<p>Well… If you sell puts, your leverage is decreased dramatically…</p>
<p>Yeah - I remember at the beginning of the year that Biryni mentioned that he bought dec spy 160 calls I think - so far a good move.</p>
<p>Does anybody know about these clean energy etfs like qcln, gex, pbw etc. Some are going up because of exposure to tsla.</p>
<p>I don’t think I agree with your leverage comment. If I pay 0, my leverage is infinite.</p>
<p>I take back that statement as I need to be able to cover the put position. But on the other hand I have dramatically increased my profit - loss ratio and have a higher probabilty of making money.</p>
<p>Ok… I have no problem with that.</p>
<p>I am only 91 percent sure on the backdoor roth. I usually like to write with more certainty, but i have noticed that some posters pull their opinions out of their butts. So 91 percent is good enough. Lol</p>
<p>I have a higher certainty with options. Not 100 percent though. I am getting older. </p>
<p>But I have way, way over my 10,000 hours trading these things. Lol</p>
<p>Ex-Intel employee with 27 patents talks about Intel vs ARM vs AMD.</p>
<p>[Structural</a> Change In The Mobile Processor Marketplace: Intel Wins; ARM, AMD Lose - Seeking Alpha](<a href=“Structural Change In The Mobile Processor Marketplace: Intel Wins; ARM, AMD Lose (NASDAQ:INTC) | Seeking Alpha”>Structural Change In The Mobile Processor Marketplace: Intel Wins; ARM, AMD Lose (NASDAQ:INTC) | Seeking Alpha)</p>
<p>Ok…I did buy some intc today. The stock. Paid about 24.09 so I am down Already. I would hate to have to annualize that loss in percentage terms. Lol</p>
<p>BCEagle91, thanks for the link. I read the piece and the comments.</p>