Samwise Quick Reference Handbook
To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible dropdown menu below. A sort of Quick Reference Handbook if you will -- as our friends in aviation might call it. By clicking the menu below, you’ll have qu...
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Today?
What is the question refer to?
got it
As far as selling. You’re saying today. The addendum was not on my screen. Got it.
Is it just me or the iOS app isn’t working properly?
What is it not doing? Everything is working on our end in iOS. Android is a constant nightmare.
Can confirm the iOS app is not loading for me, it’s stuck on the splash blue loading screen that says “Sam Weiss”.
Same as this for me as well. Tried restarting app and my phone.
Doesnt load stuck on title screen
Same for Android
Okay. Working on a fix.
Hi Sam,
I read: “As the QQQ is concerned, I’m currently watching the January $400 at $15-16. ” are you talking about Jan 2027 $400 put? From what I can see the range today is: $26.5-29. Would you mind clarifying for me? thx.
January 2026. This year’s expiration.
got it. thx
Hey Sam, for the trades to free up cash for Arryn and Lannister, any reason you’re making the trades today at 455-460 range of QQQ instead of waiting for the high 470s (given near term outlook is closing gap towards 476)
Mostly just to secure the capital. This was capital we allocated for hedges. We invested our hedge itself in the long trade and now we’re just moving it back to the sidelines. I’m securing it becuase the QQQ is up some 45+ points from where we bought.
If you are confident QQQ goes to $476, why not wait?
There’s an ocean sized divide of difference between outlook and risk management.
if we’re long and believe the QQQ is going higher in the next few years, why hedge at all? See the issue?
We discuss that at great length in investing basics. You have to hedge out risk where you can. That is a fundamentally different exercise than outlining an outlook.
Just because we expect the market to head toward $480-$500 isn’t a reason to ignore risk management. Today was 100% about risk management.
Your comment here makes sense. For me the curiosity is more-so why sell now if we’re not ready to purchase the hedges? I get that it’s too expensive to purchase the hedges due to volatility. Is it finding the right balance between selling while volatility and premium is higher and then hedging later when it’s cheaper?
Part of it is volatility driven. In a way, we’ve already taken risk reduction steps by simply selling a portion of our position. So we’re already in a better off position from a risk reduction point of view.
Trading in the last half hour of a session is, hum very difficult. I could not close these Stark positions.
Same. Didn’t see them in time
The long-term portfolios aren’t remotely time sensitive and often we have to trade during the last hour of trading. It’s a critical trading hour.
Luckily we didn’t have a sell off between then and now. So I was able to close the positions at the same price point as you
Hypothetically if someone wasn’t able to hedge via options trading, and had to stick with stock, could something similar be accomplished through buying inverse ETFs?
Well, the hedging strategy for common stock is substantially different.
If I owned a common stock position, I would probably be less inclined to be quick to hedge mostly because if I’m long the QQQ common, I can sit on it theoretically forever
The two year rule is good enough to manage the risk for common stock positions so long as margin leverage is not involved.
And in fact, if you look at today’s actions, we didn’t trade in Tarly, Tyrell or Frey.
It would be very difficult, mathematically to get it right through the use of inverse ETFs though it’s possible.