/biz/ - Business & Finance

>>15892086

>>15892105
Commit sudoku ASAP

Anyone else have advice?

>>15892105
>>15892113
No.

>>15892086
Were you just buying Puts on underlyings you expect to drop? What was your plan? Were you paper trading options before you committed real $$$?

Most options expire otm worthless. Without any other details, I'd say take the $5k hit. Look at it like you get to not lose another 5k. Sounds like some of your options have a while until expiry. You could hold those longer ones for another couple weeks to see how it goes. Not sure what you're trading but lots of earnings reports coming up on some big guys next week. Could help (or hurt).

>>15892257
Don't kill yourself. Many who are good at this shit have a "i blew up my account one time" story to tell.

>>15892336
Bought put options on Apple stock as I believe it would go down. Plan was partially to sell the earlier expiry ones at about 20%-33% profit or higher. Didnt have a plan for the opposite trend as the stock market has crabbed a lot lately so I figured I'd wait for it to crab back down.

Options expire 10/18 (next week already a 70% loss about $1k), mid/late November, mid December, and mid January.

Their earnings are either late this month or early November. Last 2 earnings they ended up getting a sell off and going down right after but no idea if that'll occur again.

Quite defeating. No intent on killing myself.

>>15892578
you could make a youtube vid about it, theres a lot of guys out there that like market schadenfreude vids, its more exquisite than feet

you should know that 90% of retail traders get wiped out in the first 3 months.

It's probably more responsible to go gambling or rob a bank financially speaking

>>15892578
Damn that's rough. I guess hold the 2020 puts for a bit since there's still some time value there. What strikes on those? Hope it works out for you m8

>>15892578
Why the fuck would you short apple?

They are one of the biggest tech companies in the world. They have made so much profit that they literally have no idea what to do with it all.

>>15892578
Just take the loss; the only put that might be worth keeping is the January one.

Apple is suppose to launch their streaming service on Nov 1 which could be bullish. The only bearish thing that might effect Apple is Brexit (which is suppose to happen on Halloween).

>>15892681
The one's in January are
>1/17, $220 & $225

>>15892716
Maybe I should buy calls to recuperate losses, was considering it this morning and it turns out I would've made some back if I sold before close. Except the trade war looks like it was all for nothing as it seems they're abandoning the issues with intellectual property and China.

>>15892813
Oh great. Apple a stock somehow high in value when their PC's seem no different than a Windows PC. Most people use it for basic things which both can do except one is loved immensly by normies for unknown reasons.

Well not sure what to do. The earliest put, 10/18 227.5, if closed will only recuperate about 30%, likely less as Monday morning it's value will likely sink further.

Well guess I should apply to Amazon and finally get a job that "requires" a college degree. 50k-60k salary but probably averaging 55-80 hour work weeks.

Stock market at near all time highs youre just a moron if you lost money

>Bought put options
yeah you deserve to lose everything

I'm op, ID changed. Well guess I should apply to Amazon and finally get a job that "requires" a college degree. Good salary if it was a 40 hour work week and non slave conditions (likely averaging 55-80 hour work weeks).

>>15892681
The one's in January are
>1/17, $220 & $225

>>15892716
Maybe I should buy calls to recuperate losses, was considering it this morning and it turns out I would've made some back if I sold before close. Except the trade war looks like it was all for nothing as it seems they're abandoning the issues with intellectual property and China.

>>15892813
Yeah I might have too, just kinda dont want too on the off chance a recession or depression occurs.

>>15893088
If you're so confident why don't you go all in on selling put options/buying calls?
Don't actually do that.

>>15893147
>trade war

You actually believe there is a trade war going on?

top kek

A friend has been trying to convince me to get into options. Motherfucker lost $15,000 in the past 12 months. He doesn't understand basic TA and was convinced/hopeful that AMZN would drop to $1600 today (Friday). The poor deserve to stay poor.

>>15893212
15k is a lot. How'd your friend act about the loss? Or is he just rich so it was like nothing to him.

I've mentioned options before to someone but at the time I was only recommending covered sell calls on stocks. Has its risks but seems the least riskiest if you intend to own at least 100 of those shares.

>>15892604
This. Imagine all the views you'll get OP :^)

>>15893168
You are always at conflict. Even with your supposed partners/buddies. The battle for top dog never stops.

>>15893147
>If you're so confident why don't you go all in on selling put options/buying calls?
because of decay... Im not naive to 5-10% corrections

Im all in on stocks non-leveraged and have been since 2016. Take the golden bullpill

>>15893341
Open the position with covered puts.

>>15892086
You got time, and the political shit show is likely to turn markets down heavily at least once. I’d wait for the next big dip and exit. I was once in a very similar position, wound up getting out from a $7k loss with only losing $1.5k. A lot can happen in a short amount of time

>>15892086
why didn't you just buy link op?

>>15893341
Nowhere near rich. He drives uber and sleeps on another friend's couch rent-free. He said he'll probably quit trading if he can't do anything with is last $3,000. Dude's idea of TA is drawing a bunch of horizontal lines on Tradingview to figure out if a stock will go up or down. Quite sad, really.

It's me again, op.

>>15893733
Covered puts on Apple stock is pretty expensive at the $200. And if I did do a covered put I'll get screwed real fast if the stock crashes a bunch.

>>15893769
>7k unrealized loss
Yikes. How'd you feel when it was at that large of an amount? How many days were left until expiry? Why did you hold rather than sell it? Was the loss already so large you decided to hold instead?

>>15893853
Well he's determined from the looks of it. Brutal though as that's over half a year's worth of pay working a minimum wage job in California.

>>15894411

>>15892086
I don't understand people who do this shit.
Just go the casino if you want to gamble for a living. At least you get free beer and pretzels.

>>15894499

>He didn't buy divvy
HAHAHAHAHAHAHAHAHAHAHAHAHAHA

Write a manifesto OP, you know how the rest goes.

>>15894510
lmao look at all that jew shit.
Imagine the jew who thought all that shit up.
Do you think he was doing it as a benefit to society?

>>15894499
>>15894510

Op here again. Doesn't surprise me, it literally looks like legalized gambling. The big companies, from a little of what I've read, gain an advantage over retail traders. Really hope the options I have can be sold at breakeven so I no longer have to deal with buying options. Selling calls at least looks safer if its a stock I intend to hold.

>>15892086
Sell now and confirm about $5,000 in losses
I'm uploading pic related to mega RN

https://mega.nz/#F!0SRC1YKL!rVqp1WtBUHsOKm-ig_KiMQ

>>15895178
why didnt you just buy chainlink? options seem like complete manufactured scams

>>15895303
thx dude i was looking for the option one

OP stop fucking trading options especially with no edge. you have no idea wtf you're doing. "hurr i just feel aapl will go down" unless you can explain exactly why, this is pure gambling. And you get into options without being a profitable stock trader first, baka. Before any trade you have to know what you'll lose if the trade goes wrong and be ok with that.