So anyone else her active in the market

Anyone else here active in managing their portfolio ?

What are you buying these days ?

Myself - I am “semi active” - I maintain a portfolio that I play with - mostly sticking with big ETF (SPY/DIA/IWM) and writing covered calls just out of the money every week. Generates a little income - pays a dividend and as long as things don’t fluctuate too much week to week works well - of course if the market spikes and then drops a few weeks in a row - it gets tougher.

Of late I’ve been more into energy (XLE and some CVX/XOM) and dipped my toes back into the crypto trade with RIOT and BITO - after a nice run up in those names, tempted to take profits - by Ether with them and move on from Crypto. I still like the idea long term - but this stuff is too hot right now to keep playing with.

Finally - I bought a decent chunk of Root the last month - averaged my cost to 4.75 and sold 2/3s in covered 5 calls - 1/3 in 7.50s for later this month. Obviously happy with todays action - and wound up moving out early today to all 7.50 calls - will likely let them expire and if still have it - repeat next month again selling 7.50s with maybe a 3rd in 5s in case it drops again.

I like the company concept - and suspect someone big might try and buy them. Of course if you owned the stock at 25-30, your not going to be happy to see anyone taking them out less than that. Insurance is a very “old fashioned” business still - and some major carrier could come along and try to buy these guys. The Carvana partnership is a definite positive and the tech is there. It’s just trying to match these guys with an established company.

Looking for my next stock or 2 now - thinking maybe DE. Like solid company, a bit of volatility for the options and a dividend. GE also on the radar for me personally.

 

I'm an options guy

GOEV, ROOT, RIOT, RIDE, FUBO, ATER, FCEL, PLUG, SKLZ, PUBM

Just to name a few

 

The whole EV thing I’m still skeptical of - not that it’s going away anytime soon - just that the big names of today will bear any resemblance to the big boys 20 years from now.

Remember .com days too well - not just AOL, but Yahoo, Cisco, Dell etc - yes, all are alive and well in name - but remember the valuations they carried. Buy and hold didn’t work so well.

Fresh faces will pop up and many will fade - but some will thrive. At the same time - when everyone was pondering “who the next big retailer would be” predicting Amazon would lead a charge of 1000s of .com shops - I kept thinking “why can’t Walmart remain relevant” - of course ultimately they did - and brands like Target boomed - while Kmart/JCP failed - why - it’s not just that transformation to an internet retailer is hard - it’s that transforming your customer base is harder.

This is why I remain skeptical on GM and to a lesser extent Ford and their EV transformations. Yes - you can build EVs - and people will instantly recognize your name. BUT of your core customers don’t want them - your going to have a lot of problems.

The thing is nameplates like Cadillac are the Sears of auto - older/established and not people in general who are looking to change. Tesla has been in the vocabulary of a 28 year old driver since the day they started driving - and historically has been associated with “cutting edge” and “expensive” - tell a 28 year old they can pick between a Tesla or a Impala at 45-50k - most are going to go to the Tesla.