by Anura Guruge
on April 19, 204
I am an Options TRADER, but a stock INVESTOR.
Huge difference. I don’t trade stock. I buy and hold … & hold … & hold.
I am very selective about what stock I buy. I have a theme. Yes, it is MAINLY TECH (and SEMIs within that).
Yes, it is POSSIBLE that ALL of TECH could go down another 20% in the next month. I appreciate that. That is OK with I. SMILE.
I know that they will ALL be up 20% in a year. SMILE. If, not … then in two years. Joys of long term investing.
by Anura Guruge
on April 17, 204
I did NOT think this would be possible.
Wow.
WASH SALE on an option! Ah!
I had to call ‘Fidelity‘ to find out what is happening.
Appears it is ALL legit.
Appears I sold a ‘AMZN 210 May 17, 2024‘ call on March 28, 2024. Possible. I do option trades most days. I do THOUSANDS a year! Yep. My addiction. Option trading. The guy at Fidelity commented on it too. He goes “Yes, I can see that you trade a LOT“. Understatment.
I can LIVE with a $329 WASH SALE. SMILE. Won’t bankrupt me (just). SMILE.
But, I learnt a lesson. Be careful …. You can incur a WASH. This one is trivial. Wasn’t even really worth a phone call. But, I wanted to know.
Smile.