/biz/ - Business & Finance

>>50413790
this is the best stock meme i ever made

>>23144945
i made this one and i'm proud of it <3

>>23095934
l'll believe you, but only if you tell me your favorite bible verse. Mine's Ecclesiastes 1:9

>>22631229
Haven't heard of QQQX, but as far as the others, I remember reading the prospectus for all of them, including the one for QYLD; forgot what it was now of course, but at the time I remember qyld being superior to the others for some specific thing. I know there was a competing etf (I think it was proshares) that was also being shilled at around the same time i was shilling qyld, that was pretty much the same thing but less liquidity.
I like qyld for the passivity though, it really is just a buy and forget type thing that you know won't absolutely tank and has a nice monthly dividend. Now that I'm back up though, I do want to take a more active position away from etfs entirely.

>>22631268
I don't think I'll get back into AMD until I'm back into stability with my new job in a few months from now sadly, but I 100% look forward to putting capital in the hands of Su Bae once again.

>>16970163
I still don't approve of LCI personally, but I am glad you write covered calls. Always write calls anons, they're good for you!

>>15992529
>don't trust
>verify

>>15105830
probably writes bearish options for vix on monthly timeframes.

>>13977884
Most trading stuff is 100% bullshit trying to sell you a course. Learn double entry accounting, learn basic statistics, then start buying shit. Buy low, and reduce your cost basis even lower (dividends, covered calls). Then sell high. That's all there is to it.

So, I've been thinking, for one reason or another 2 of my old debts from when I was a college liberal haven't been reported to my credit and I still have a 600+ score when it should be like in the 400s. How retarded would it be if I made out an application online, got a card, cash advanced it, piled that shit into robinhood, and sold calls on margin? With a $5k limit, I could buy about 400 shares of AMD and earn about $280 on that alone per week selling calls. I also still have the 500 shares in my account that I'm earning on right now too of course, about $330-370 a week. The cash I earn from selling options too can obviously be used on margin as well, so robinhood would basically subsidize my scrawny ass into overdrive writing shit like this.

Here's some numbers:
>Own 500 shares of AMD right now; $13770 equity stake.
>AMD weeklies sell for roughly ~$70 per week. Sometimes more, sometimes less depending on the greeks and shit.
>Basically have an extra $8.25/hr wagie job writing these calls, on top of my day job.
>Each $70ish I earn is really $140 available on margin though so I can R-R-R-R-R-RAMP THAT SHIT UP
>I still have $600 in leftover cash just sitting in robinhood doing nothing because I can't buy 100 shares with that shit.

>Get approved for credit, $2k to $10k limit.
>Wiggertier scores 620, probably gonna land $2k-3k.
>That's still 200 extra shares on margin, $140 in actual cash, $280 margin.
>$280 + $700 (margin gained normally) each week, I'll be able to buy 100 shares of AMD every 2 weeks (I still have the $600 leftover margin to fill in rounding errors).
>Exponentially grow my ass out of wageslavery

Worst case scenario I see happening is AMD goes to 0, I get approved for a shit line, in which case I could just decline the offer so no homo, or a balls to the wall shit hits the fan I lose the job AND amd goes to 0 AND I have to default on the line.

Should I do it?

>>12187118
The ones that grant you the ability to sell them at a higher price than what you bought them for at a later date.

>>11925733
+0.84% today. Weak gains, red week still hasn't come and SPY spreads are eating into me.
>>11925735
He's dead, Jim.

>>11806816
cope harder. pic related is you.