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-   -   Side Hustle (https://www.airlinepilotforums.com/delta/113695-side-hustle.html)

Gunfighter 06-07-2022 08:33 AM


Originally Posted by Scooter432 (Post 3435413)
Interested in being a mortgage loan officer on the side. Can get lucrative in combo with this job. Anytime have first hand experience or know someone that does?

I know several Delta pilots who have done it, but don't have any firsthand experience. The one I talked with the most about his mortgage business seemed to be happy with the workload and extra income.

Are you concerned about the recent decline in mortgage originations? It seems like the next year or two may be a bumpy ride for new mortgages.

Scooter432 06-07-2022 08:37 AM


Originally Posted by Gunfighter (Post 3436074)
I know several Delta pilots who have done it, but don't have any firsthand experience. The one I talked with the most about his mortgage business seemed to be happy with the workload and extra income.

Are you concerned about the recent decline in mortgage originations? It seems like the next year or two may be a bumpy ride for new mortgages.

I agree, things are definitely slowing down. I was thinking more long term about getting into the field for some nice part time side income.

Gunfighter 06-07-2022 09:01 AM


Originally Posted by Scooter432 (Post 3436075)
I agree, things are definitely slowing down. I was thinking more long term about getting into the field for some nice part time side income.

Great attitude! Learning now while the markets may be a little slow will set you up nicely for when things get busy again. Based on a few layover and cockpit conversations it sounds like it is compatible with Delta and provides a good side income. It may be worth a look at the commercial lending side as well. Business owners and CRE investors don't require as much hand holding as home buyers, so the lack of immediate phone contact while working at Delta may be less of an issue.

tripled 06-10-2022 12:03 PM

Just curious. Is anyone playing options with airline stocks these days? Seems like there’s some upside with the pent up travel demand but also the downside risk of higher fuel prices and inflation. So a mixed bag of volatility. What do the pros think? (Yes I know, there are no pros on these boards, dyodd etc)

Gunfighter 06-10-2022 12:15 PM


Originally Posted by tripled (Post 3437903)
Just curious. Is anyone playing options with airline stocks these days? Seems like there’s some upside with the pent up travel demand but also the downside risk of higher fuel prices and inflation. So a mixed bag of volatility. What do the pros think? (Yes I know, there are no pros on these boards, dyodd etc)

​​​​​​
The key word is "play". A safer way to play options is with covered call ETFs like XYLD and RYLD. You miss the big hits and dopamine rush that comes from naked calls, but for the slow & steady investors like me, the monthly distributions are fine.

Phuz 06-10-2022 12:58 PM


Originally Posted by tripled (Post 3437903)
Just curious. Is anyone playing options with airline stocks these days? Seems like there’s some upside with the pent up travel demand but also the downside risk of higher fuel prices and inflation. So a mixed bag of volatility. What do the pros think? (Yes I know, there are no pros on these boards, dyodd etc)

Just beware that DAL has rules against shorting or holding options of DAL if your employer is DAL. How they'd find out, I have no clue. I actually think it'd be a great insurance plan to have long term puts on the company I work for, but that's not an *option* here.

Gone Flying 06-10-2022 01:14 PM


Originally Posted by Phuz (Post 3437936)
Just beware that DAL has rules against shorting or holding options of DAL if your employer is DAL. How they'd find out, I have no clue. I actually think it'd be a great insurance plan to have long term puts on the company I work for, but that's not an *option* here.

is that a DAL rule or something like an SEC rule? I have not heard of this one so I would be curious to read more on it.

Phuz 06-10-2022 03:33 PM


Originally Posted by Gone Flying (Post 3437941)
is that a DAL rule or something like an SEC rule? I have not heard of this one so I would be curious to read more on it.

it is a Delta policy. Search "insider trading" on deltanet and its the first link to come up. You want paragraph 3.

Gone Flying 06-10-2022 03:36 PM


Originally Posted by Phuz (Post 3437999)
it is a Delta policy. Search "insider trading" on deltanet and its the first link to come up. You want paragraph 3.

thanks

filler

Gunfighter 06-10-2022 05:22 PM


Originally Posted by Phuz (Post 3437936)
Just beware that DAL has rules against shorting or holding options of DAL if your employer is DAL. How they'd find out, I have no clue. I actually think it'd be a great insurance plan to have long term puts on the company I work for, but that's not an *option* here.

I dumped all my Delta stock about a decade ago and invested in oil. It was close to a long term put on DAL. I'll let the stock market experts and technical traders comment on the correlation between DAL and XOM. In general anything above a cursory investment in a company you work for, but don't control is too much skin in the game.


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