/biz/ - Business & Finance

>>16500779
what's your strategy and average roi?

>>16500779
Ive always wanted to get into options. I have a basic understanding to start losing money but it always seemed like gambling to me.

>>16501107
unless you're some kind of accounting or a special, novel kind of math wiz (no your dumbass packaged TA solutions don't count) it absolutely is

>>16500779
stop larping, post trades and portfolio

>>16500779
Yep. About 2 years ago I bought some SPY call options with a few thousand dollars I had. The options were at the money and had about 6 months to expiration. At one point the market dipped so I rolled the options up to a higher strike price so when the market bounced back I'd make even bigger gains than the low strike price I was at. When the price bounced back and I had some nice profit, around that time my options had only about 4 months to expiration so I rolled them to the ATM strike price at the 6 month expiration date. I've been doing this ever since and when the market goes up for a while putting me deep in the money, I just roll up to the at the money price for the better gains. I have yet to actually sell out and I have made ridiculous gains way higher than any of the indexes. Rolling options based on market conditions is the fucking cheat code to wealth

/biz/ hates money again. bomp

>>16502250
>rolling options
>yet to actually sell out
Retard you do sell and buy again when you “roll options” lol

>>16503283
Wow you're sup9d. Like how a spread is reduced to a single p/l number, rolling options is treated the same way by non-retards

Guys like you always get liquidated

https://www.youtube.com/watch?v=VNYNMM0hXXY

https://www.youtube.com/watch?v=2KdsRve1gjg

>>16503831
cope

>>16503945

It's funny how you think you're clever and intelligent when all you doing is speculating blindly on a biological impulse. Don't worry tho. The wave will sink your boat eventually.