Showing posts with label income. Show all posts
Showing posts with label income. Show all posts

Friday, April 3, 2020

First Successful Covered Call option trade


WZ options first successful trade:

April 03-2020 $210 strike at $4.70 C

C Trade, Slightly out of the money.

Short term covered call option for quick income.
04/03 expiration, sold when DIA was trading at $209.50  for $210 strike at $4.70 premium with expiration 2 days away.

If DIA closes below $210 on 04/03 this option will expire worthless, I will pocket $470 premium and retain stock for roll over.
If DIA closes above $210, I will keep $470 premium, option will get exercised at $210 . total profit on this transaction will be about 2.25% within 2 days........ to read more, please visit link below at:


April 3rd Covered Call at strike $210


Picture by MarketChameleon.com

Officialy I am retired from Taxi driving

....and I have to tell you I am relieved, even ecstatic because last six years was for me constant struggle, stress and uncertainty. Dealing with deregulation, uber, lyft, falling income was too much, probably I would quit earlier but where 60 year old going to go and start over, so I was forced to put up with this calamity for way too long.

....and now, I started new hobby which hopefully will turn one day into profitable business, I started to learn how to trade index options or rather sell covered calls. So far so good, I make some money but only on paper. :)

To witness my progress, you can visit my new blog "WZ Options For Income 2020" at https://options-for-income-2020.blogspot.com/ 

Thank You
P.S. In my investing endeavor, I find below links very educational, you might want to visit them too.

https://bigcharts.marketwatch.com/default.asp
https://marketchameleon.com/




Saturday, October 11, 2014

UberX expanding its operation to Toronto Canada on pile of BS and Lies

Well it looks like Uber is continuing their expansion  policy, this time riding their magic carpet of lies and deceit into the beautiful Canadian city of Toronto, Ontario. Toronto is the largest city in Canada, and is also the provincial capital of Ontario. Now it is the arena where an oft repeated scam is about to unfold.

Using the all too familiar practice of paving their way into a new city with an onslaught of bogus claims and false advertising, Uber hopes to exploit the good people and local government of Toronto as it has across the United States and much of Canada. Grossly exaggerated claims of income, and outright lies regarding safety concerns and insurance policies are being proffered in Toronto as a matter of policy.  Uber has been using this method of moving into cities for several years now and they have refined the process into a highly effective one; They lur in hundreds of drivers with their unsubstantiated claims of outrageous earnings and low hours, while at the same time placating the local government with empty promises about safety and insurance concerns. It is a strategy that has served them well, and the billion dollar industry that has sprung up in their wake is motivating other illegal and unsafe copycat organazations. Lyft and Sidecar are two such outfits, and they invariably follow Uber when Uber infects a new city much like jackals follow lions to share in their kill. It is only a matter of time before honest, hard working drivers in the Toronto area start to come forward with stories of how Ubers dishonest and illegal practices have left the without a car, a job, or even a place to live. Uber drivers who are involved in accidents often lose their car, go deeply into debt after being sued, and are unable to find work as a result of their damaged driving record. Uber tells prospective drivers that they will be fully insured and that their lives and their personal safety are priorities at Uber, only to find that these are absolute falsehoods and that Ubers only true priority is the almighty dollar. Ubers rise from obscurity to fabulous wealth has been paid for by the pain and misery of the very employees that made that success possible. By the time the Toronto authorities catch on to Ubers treachery and finally put a stop to it, many hundreds of people will have had their lives irreversibly ruined as a result of choosing to drive for these scoundrels.

Uber drivers are not the only group to suffer as a result of Ubers abhorable practices; due to weak, and often non-existance criminal  background checks, the general population will be at risk as they get into cars being driven by drug dealers, thieves, even murderers and rapists. Innocent consumers, who’s only crime has been to use a new and purportedly safe alternative to traditional transportation options have suffered pain, financial harm, and even death due to Ubers lack of social responsibility and professional ethics. While they are claiming in their current publicity blitz to conduct background screening that exceeds industry standards as well as Toronto licensing requirements, the fact is Uber will hire virtually anyone with a drivers license and a car that runs.

If you are a professional driver in Toronto and you are being tempted by all of the smoke and mirrors of the current Uber recruiting drive, please do yourself a favor and look for employment instead at legitimate taxi and limo companies. These companies are regulated by the local Toronto municipal and civic codes, and are much more reliable and conscientious than Uber. They provide their drivers with safe, insured, company owned taxis and they insure both the car and the driver at all times. Of course, if you are a criminal, or have a poor driving record and a history of safety violations, you may want to consider working for Uber or one of the other ride-share outfits  because you will not be able to pass the criminal background check nor meet the high standards that the legal, conventional transportation companies adhere to.  Uber is setting up shop in Toronto, and if past experience is any teacher, there are going to be a lot of disappointed drivers and eventually a lot of outraged citizens and lawmakers that will soon see that Uber is not playing fair. The world is becoming increasingly aware that these ride-share scams are just that, scams, and are not living up to their promises, and are once again lying and cheating their way to financial success. Don’t be fooled, don’t become a pawn in this tragic game of bait and switch. Whether you are a driver or a customer, the hidden risk that lies behind the whole ride sharing concept is simply too big of an issue to ignore just to save a little bit of time or money;in the long run, you may lose in a big way