/biz/ - Business & Finance

Nose is too big

First for fuck INTCELS

Bullish on the FAGMAN market.
Bearish on the boomer non-FAGMAN market.

Rate me /smg/.

>>20902886
for you

>>20902917
>I've got a firm conviction that it will.

All right, you're going to lose the whole investment. Best of luck to you.

>>20902946
Excuse me?

>>20902946

Reply was actually meant for >>20902916.

How much longer before the dollar collapses

What is the most speculative investment I can make?

>>20903007
snss

>>20902975
My only hope is that euro collapses alongside it. My account can be wiped right now just by USDEUR going below 0.8.

>>20903007

Futures options on margin

>>20903007
Apple puts

>>20903012
Similar. I'm down 10% on a break even position which I bought 8 weeks ago.

>>20903007
Individual silver junior miners

Do covered calls. You will feel better and make more money.

CYDY is going to get emergency approval for leronlimab as early as this week. They are meeting with FDA Monday to go over their wu flu trials results for critical/severe cases. Full study results (including arms for mild/moderate and moderate/severe) released within 10 days. Will be getting approval. Will hear from NASDAQ re listing within the week as well (currently otc). This is all per investor conference call last Thursday and a subsequent CEO interview.

They also just landed a private investment of 25 million, which he can convert to shares at 10 dollars of he wishes, which is twice the current market value. The private investor clearly has seen the data and knows.

The drug is also in mid/late phase trials for hiv, nash, and several other diseases, all with good results so far. This shit is going to take off very soon. It's sub 5/sh currently. Get in now.

NIO july sales when?

>>20903064
I’ve heard this before. Can you tell me more?

>>20903047
>stock runs up 10% in a single day

That's probably the least speculative investment one can make

>>20903007
KODK calls

>>20902657
it's just too damn high... I love it, I tried to buy it before the spike to 425, and the order never went through.

MSFT is not back at its all-time high yet, and will likely punch through it sooner than later.

>>20897462
b-buy KO, m-must buy

>ID: ESRb

>>20902690
Yep! That is very interesting to me, though I haven't backtested it, it makes me feel more bullish. Going back to March 5, we haven't seen this little bullish sentiment.

The Asset Allocation looks pretty bullish, but I'm not sure if that matters either.

>>20902917
Is he /our guy/?

>>20903065

I'll have 100 shares of AAPL after the split. How far OTM would you recommend writing calls for, and for what kind of expiration range? Is it usually best to write weekly calls on Mondays, for example?

>>20903110
robinhoodies are gonna pump it to $500 before split

>>20903195

That would be sick, but I really doubt it.

>>20903187
Seems like it.
I share half my folio with that guy.

>>20903195
nah they are going to take the profits because they have to pay for their heroin and donations to the biden campaign.

>>20903093
Silver juniors are highly speculative, if we have another PM run the potential is massive. In the 70s gold run some went up by as much as 150-250x. Recently there was a lot of interest in PMs, so buying right now there is additional risk. I would consult PMG for more info, or any other anons here can chime in.

I'd like to ask this here since I frequent these threads.

Is there any way I can take more active control of my 401k? I've been contributing 8k annual to my 401k for 5 years, admittedly haven't paid any attention to it. My employer offers no 401k matching. The only benefit for me is the deduction from income (since I have 20k annual unclaimed from my small business) for tax purposes.

>>20903188
I would sell pretty close to the money considering they just pumped over 10%. Even if its executed you can just buy it back during a dip. Really depends on what happens Monday though. If it pumps another 10%, just sell ATM because it will have ridiculous premiums. I usually do 2-5% above the current price. Of course you can always just sell 10%-15% above and that should be quite safe.

>>20903280
>KTOV
>SNSS
>AMRN
>Sold half his GLD before the breakout
you think he's on this thread right now?

>>20903349
>my employer offers no 401 matching

find a new employer first

>>20903349
>My employer offers no 401k matching.
Stop contributing then and max out an IRA. There is literally no point in contributing to a 401k if your employer is not matching.

If WKHS gets the USPS contract how much does it moon?

I smell a crash

>>20903389

I said after the split. I have 25 shares right now.

https://old.reddit.com/r/wallstreetbets/comments/i1u3rm/the_dollar_standard_and_how_the_fed_itself/

Really makes me think.

I bought 1 apple share @under 413. Hell its all good. I'll bag the divvy, then 3 more shares upon split day. A decade from now they'll split again so.. I don't plan to sell it. I'll hold till I'm dead.Which assuming I live to be 100 that'll be 62.5 years of holding. An advantage of not needing money. you can just let the gains and divvies pile up instead.

>>20903444
Yes, and? What didn't make sense?

>>20903188
I prefer to go at least a few months out in case shit hits the fan (ie. random crash like in March) so you wouldn't be fucked. so many retards in these threads buy calls dated one week out which is insanely risky, also you're getting fucked by theta

>>20903007
Bitcoin

>>20903434
A lot, but we probably have 2 more months to go before an announcement because the USPS is shit and will find a way to delay or to literally lose the 4 bids they got like they lose everything else.

>>20903468
Divvies are not your friend -kimp

>>20903480

The stock behavior a month from now will be very different from what it does this coming Monday.

If you sell at ATM covered call, what's to stop somebody from just exercising it straight away, and taking your shares? You don't get the benefit of the stock price rise in addition to the premium.

Also, how far out should you write covered calls for? A week? Are Monday weeklies usually the way to go?

How do I profit from a Biden presidency

>>20903557
>shitcoins

wrong thread buddy

CYBERPUNK MEGATECH

>>20903513
Bitcorn does not have that much potential.

>>20903512

We're talking about writing covered calls. Nothing to do with buying calls.

>>20903394
>you think he's on this thread right now?
I fucking hope so. I should post that picture occasionally. Maybe we get a reply.

>>20903581
You can build a ETH miner for around $1000 and make $4/day.

>>20903572
Buy SQQQ, because his brain aneurysm during his first year of presidency will stir some shit up and cause a mini-crash

>>20903442
That’s a sign that you’re about to have a stroke

Whatever happened to that anon who bought like 75k worth of CHK?

>>20903434
If WKHS doesn’t get the contract how much does it dump is what you should ask yourself

>>20903065
German brokers don't let me.

>>20903407
Healthcare workers are a dime a dozen right now. Bad time to look for a new job. At least I'm being paid above average salary for someone 20 years+ my experience level.

>>20903429
That's what I figured. 6k a year max? I'll just pull all contributions from my regular 401k and start investing it or pay the house down. I'ma get fucked on income taxes.

>>20903675
>German brokers don't let me.
I don't get this shit. Writing options is absolutely unknown in Germshit There is not even an option market. It's all just direct trading with the bank's quoting machine. They just adjust the price if they don't like it.

>didn't buy anything during the dip of march
I could have tripled my net worth if I went all in TQQQ
Now I'm still stuck with a job where I hate my coworkers and the company is a shit show.

>>20903180
I dunno about US specifically but here in Canada, businesses were able to get wage/rent subsidies to get through lockdown. Bigger companies were able to get bridge loans that were 0% interest until 2022 or something. CERB (corona NEET bux) was given out with very broad requirements that it may as well be basic income. Now shit has just reopened across Canada (indoor dining, gym, etc.) and it appears everything is smoothly recovering. The companies that went bankrupt were companies that were having issues even before the pandemic.

Heck, real estate only went up during the pandemic, because it turns out the people who can be approved for mortgages in the first place never lost their job. For one, banks here are highly regulated and are very picky on who they approve to have a mortgage (long history of full-time employment, 10%-20% downpayment, and although not formally restricted, the banks do frown against people who buy a house expecting to rent it out immediately, or people who take a loan to afford a downpayment), though obviously there are still loopholes around it just like anything else, but it definitely is difficult.

am i too optimistic? Maybe. Frankly everyone I know is still going through life as usual with their jobs. Some offices never even bothered to do the whole "work-from-home" phase.

>holds oil, cruise lines, airlines
>stock portfolio ass raped friday
>redd*t faggots posting Kim possible or red heads because they're so hilarious
>fml.jpg
>randomly checked coin base
>crypto is fighting back with a poison ivy laced dildo
>bitcoin, stellar lumens ass raping the market
>remembers has more bitcoin in another laptop from silk road days
>cashed out
>Buying some motherfucking cheapies monday and posting yandere anime girls to fight back

I'm not stuck in this market, the market is stuck here with me

>>20903571
I see, I was talking about weekly options, not monthly.

>how far out should you write covered calls for? A week?
It depends on how often you want to buy/sell and how closely you want to watch it. For tech, I have just been assuming 2-3% growth per week, so 8-12%. You can always buy back and adjust with longer options too. You could even buy and sell monthly options on a weekly basis.

>If you sell at ATM covered call, what's to stop somebody from just exercising it straight away, and taking your shares?
Theoretically nothing, but its generally pretty rare. I sold $80 TSM calls last week and they were not executed even when TSM was at $84. This is because the options still have time value, so the options are still worth more to sell than to buy the stock.

>Are Monday weeklies usually the way to go?
I usually hold off selling an option until a green day (if I think there will be one). The could mean the Thursday before, or wait until Tuesday.

>>20903007
Leveraged FTX tokens.
Look that shit up, I'm up 131% this year.

>>20903822
>You can always buy back and adjust with longer options too. You could even buy and sell monthly options on a weekly basis.

My impression of writing covered calls may be a little primitive, so bear with me. I assume that if you have 100 shares, the best you can do is write a single call contract and wait until post-expiration to write another one. Am I mistaken? What's this about buying back?

>>20903793
>holds oil, cruise lines, airlines
dude lol i hold something similar on a part of my portfolio since corona appears to be overblown outside of shit like long term care, but I seriously hope you kept your exposure in tech the entire time.

>Microsoft refuses to drop below $200, but also won't rise past $205 on most days
Is this shit gonna crab for another 12 months?

The bond market has been nothing but unrelentingly pissed off since January. I don't know where credit for expansion is going to come from but its not going to be from private lending.

>>20903065
I get blown the fuck out when I bet on a stock not going up. I think puts or put spreads would be safer. Puts tend to be more overpriced anyway because people are scared and want to hedge.

>>20903928

Will probably sell off a bit (drop below 200) when the TikTok deal doesn't materialize/is dead in the water by Monday. Longer-term, I see it breaking through 210 and maybe 220 again. Give it time.

>>20903572
Doesnt Biden want to roll back the corporate tax cuts? If so, the economy will be destroyed and the sp500 will go to 2015 levels

>>20904080
Changing that shit requires it to go through senate though, right? So it won't happen with republicans still in control

more redheads, god damn

posted earlier but: I will get getting $10k soon. this 10k will not make or break me. what should I do with it. options include:

1) throw it into QQQ
2) fuck around with options (only using max 10% / $1000 at a time)
3) buy 100 shares of something and sell covered calls
4) yolo on a /biz/ meme stock

Bros... I think I'm going to regret these bullish Visa put spreads. I think I'd like to short V/long MA instead...

>>20903928
Kinda hope so, seems like one of the safest things to sell put credit spreads on and harvest premium. And I wouldn't mind grabbing more at $200.

>>20904080
>Doesnt Biden want to
Are you actually banking on campaign promises being fulfilled?

Cap gains changes could cause a massive profit taking, but I'd wager that the dip will be bought.

>>20903927
Nah. Im sticking with high volatility.

Tech is too expensive and more risky since the entry point is higher.

I already cashed out before the dip a month or so ago and I'm up 80%. I threw it back in after stuff dipped twice more, but then it dipped 3 more times.

Tech is like a 20% return max at this point. I want more than that so I'm sticking to meme stocks desu

>>20904147
all in HAL

What’s our play?

>>20904147
those aren't their real teeth, r-right?

>>20903793
>redd*t faggots posting Kim possible or red heads
rude

>>20903916
>What's this about buying back?
This was definitely a confusing aspect for me at first too.
Just like if you were to buy a call or put, you can sell it later. This is called "buy to open" and "sell to close."
You can sell a call or put, and then buy it back later. This is called "sell to open" and "buy to close."
The thing about options is that all options on the market are the same, they aren't connected to "your" shares specifically, just that someone, somewhere, promised to buy or sell those shares.

This means you can sell a monthly option at $1.00 and then buy it back next week for $0.90 and then sell a different option.
The main reasons youd do this is if there was a major dip, causing your option to become cheaper and you can buy it back early and then sell a new option the next day it goes up.
Or, the stock is over the strike price, but under your premium. Say you sold a %50 strike for $2, and the stock is about to close at $51, you can just buy back your option and then you keep your shares.

Another thing you should know, if you want to keep the stock, make sure you have enough to buy back the option like the above scenario. When you sell the option, you get credit, but don't just immediately use it unless you are willing to part with your shares in the case that your option executes ITM.

Reminder that its also not a bad thing for your option to be executed, you didn't lose any money and you can just buy back in on the next dip or switch to a new stock.

>>20904246
>Regeneron Weds Pre-market
shit... I'm getting nervous
They haven't given ANY updates on their monoclonal antibody COVID treatment in a long time...

>>20904119
Thank god.

>>20904171
The dip will not be bought if tax cuts are removed, thats the true thing that saved the market in 2017. Thankfully the electoral college and Senate arent retards that would vote in something so idiotic

>>20904246
who the fuck are any of these companies, i only recognize like three names

>>20904246
>Ralph Lauren
IT IS TIME
With all of those sick nasty airlines gains.

>>20904246
Also, TTWO, ATVI, ZNGA
NET, DDOG, TTG, AYX, SQ
and Mercado Libre, Clorox, Wendy's...
This is actually a pretty big week!

>>20904246
next stop $50 for Cloudflare

>>20903950
>safer
that depends on what your definition of safe is. Holding stocks is "safer" than options.
Selling at the right strike does take time to get used to. The easiest strategy is just wait for a green day and then sell the call a bit out of the money. You can also measure its weekly average growth and then sell a strike based on that.

>>20903726
We all know that feel on /biz/ (hence everyone is still here shitposting months after months)>>20903726

>>20904233
>Tech is like a 20% return max at this point
don't be greedy

you don't have to make your portfolio 100% tech, in fact you definitely shouldn't, but there's no reason to pass on consistent gains unless you are so certain about returns on everything else. Nothing's stopping you from playing options on the tech sector either, it was incredibly volatile during earnings, and you're probably not a boomer so you have an edge over them in terms of tech literacy.

>>20904285
>You can sell a call or put, and then buy it back later.

Are you buying it back from the current holder of the contract? What if they don't want to sell it to you?

>well you're just getting the equivalent contract back and you can exercise it and transfer the shares to the holder for a net $0

Okay but what if you don't have the buying power to exercise?

>>20904246
I am shorting BYND

>>20904328
>idiotic to raise taxes
seems more idiotic to cut them and increase spending, it's a boomer exit scam

But I wasn't talking about corporate tax cuts, read again, capital gains tax.

Kek. I ain't worried. Bring on the cheapies, bring on the doom, I'll just bag more and laugh once it's all done and over with and the rebound begins. 41% in DAL w/remaining 59% split between SWTSX and 15 stocks.

>>20904458
>Are you buying it back from the current holder of the contract
It's not a fucking MMO dude. It's just credits. You buy enough from the market at large to equal 0 on your position.

>EXCLUSIVE-TikTok's Chinese owner offers to forego stake to clinch U.S. deal-sources
>12:29 PM ET, 08/01/2020 - Reuters

>NEW YORK/WASHINGTON, Aug 1 (Reuters) - China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

>U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance's concession will test whether Trump's threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.

>Trump told reporters onboard Air Force One late on Friday that he would issue an order for TikTok to be banned in the United States as early as Saturday. "Not the deal that you have been hearing about, that they are going to buy and sell... We are not an M&A (mergers and acquisitions) country," Trump said.

>ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, the sources said.

>>20904458
>Are you buying it back from the current holder of the contract? What if they don't want to sell it to you?
Thats what I was trying to say, all options are equal. It doesn't matter "whos" contract you buy or sell. You're not selling to someone individually, its mixed in with everyone else. Just like all $10 bills are the same, every option with the same strike and expiry are the same.

>well you're just getting the equivalent contract back and you can exercise it and transfer the shares to the holder for a net $0
>Okay but what if you don't have the buying power to exercise?
That doesn't make sense what you're saying. Your shares are NOT connected to your option. Just like every share of a company is the same, so are options.

I'm going to short Apple Monday, expecting a crash of at least $15 a share. ama

>>20904550
So basically they confirmed TikTok is a spying operation?

>>20904498
>It's not a fucking MMO dude. It's just credits

This doesn't answer my question (or at least, I don't understand this answer). If you write and sell a contract, it's out in the wild now. You can't just "get it back". Somebody out there is holding it and if they exercise it, you're obligated to front them the 100 shares for 100 x Strike.

How does "buying back" mitigate this if you're not technically retrieving the contract you wrote? Sure, you have one too now, but somebody out there can still be holding the contract you wrote, and can exercise it, and you'll be assigned. You can't "buy back" your way out of that possibility, unless I'm missing something here. You'll still owe the shares, and sure, if you have your own call now you can exercise it to avoid losing your original 100, but you still need the buying power to exercise that. Right?

>>20904467
yes that would obviously be idiotic and would cause our markets to stagnate for many years like Europe or China. A large portion of companies would have serious debt problems and will no longer be able to raise wages

And I am talking about Corporate tax cuts, as originally stated. "capital gains tax" doesnt mean shit to the severity of what slashing corporate tax cuts would do

People think AOC is crazy, but she represents the mainstream millennial and zoomer political platform. That’s why it’s foolish to save for retirement or pay your student loans. Retirement will be provided for by the government and student loans will be canceled entirely within the next 10 years. Personal responsibility/planning ahead won’t be rewarded at all.

>>20904672
>if you're not technically retrieving the contract you wrote
Alright, you're fucking stupid. I don't know how you can't comprehend this.

>>20902856
Sigh
>Open up investment account
>Pick and choose stocks I think are low now, but should jump back for decent 30%-200% gain post-corona
>Was up 20% in May, now back to break-even
>Let's call it 0% gains

But...
>Treat my Roth IRA differently
>Put most of it in mutual fund and never check on it
>For 'fun', spread 1/3 of it among coke, pepsi and apple
>It's doing sooooo much better than my investment account
>Like, 25% gain better

Moral of the story is I fucking hope XOM, DAL, WFC and a bunch of other shitcunt stocks actually bounce back soon to prove me right instead of every day feeling like a boomer mutual fund approach would have been more successful

On the next episode of Societal Collapse 2020: Hurricane Season.

>>20903007
SPACs.

>>20904705
>For 'fun', spread 1/3 of it among coke, pepsi and apple
/biz/ memes say investing in pizza and cell phones is the best play you can possibly make on decade timescales.

What are safe ETFs to invest in for newbies?

>>20904672
See >>20904603
ALL options with the same strike and expiry date are THE SAME! They are NOT associated with specific shares. If you sold an option it will show up as "-1" amount of option. You can just buy it back and then your amount is set to 0.

>>20904741
SQQQ

>>20904694
>I don't know how you can't comprehend this.

I'll explain this again. Tell me where I'm short-circuiting here. Explain where my error is, because I know there is one.

1. If you write a call and sell it, you may be assigned if the stock goes ITM.
2. If that happens, you owe 100 shares, for a return of 100 x Strike (which of course may be lower than the stock price at exercise time).
3. "Buying back" the contract does not rid you of this potential assignment obligation.

Where is the error? What is my major malfunction?

>>20904741
ARKK
ARKQ

>>20904080
Yes but the target is still below what it was prior

Also.corps have ways around or will reinvest outside usa and keep money offshore which is win win for doombulls

Also still ways like actiblizz does to avoid tax

>>20904741
SPY, QQQ, VOO, VTI, SWPPX

>>20904753
>If you sold an option it will show up as "-1" amount of option. You can just buy it back and then your amount is set to 0.

Okay, so if you do something dumb like write naked calls and a stock goes deep ITM, you can just buy the call for a hefty premium but avoid having to pay 100 x Current Price? My interest is obviously not in writing naked options, but I always assumed the reason naked calls were so dangerous was because you'd HAVE to buy 100 shares in order to satisfy your assignment obligation, whereas it sounds like you're saying all you'd have to do is buy the equivalent call.

>>20904828
Because instead of getting your shares they just get the shares of the person you bought the contract to close with

>>20904828
BRUH FUCKING READ PLEASE DUDE
READ >>20904603
READ >>20904753
Buying back ends your obligation. You can buy anyones option, because they are all the same.

>>20903065
Is writing covered calls on a stock youre bagholding and want to get rid of a good idea?

>>20904898
>Naked options
First: DO NOT EVER DO EVER DONT EVEN THINK OF IT.
Second: If you SELL you are OBLIGATED to deliver those shares.
Thrid: You can buy ANY OPTION with the same strike and expiry, they are ALL THE SAME. They ARE NOT CONNECTED to any specific shares.

Hello and good bye.

>>20904853
well Im not a doom bull, Im an all American Golden Bull. So I dont want everyone to suffer again like what happened 5 years ago

>>20904937
Perfectly reasonable, you can just sell ATM or near the money options for high premiums and if they execute, good riddance!

>>20904982

You didn't address a single point I made in that post. You reflexively responded to the phrase "naked options", repeated a line (in fact, my line) about assignment obligation, and then repeated your line about all contracts being equivalent.

I know all contracts are equivalent. I know that buying a contract simply imparts a right to exercise ATM or ITM, and selling imparts an obligation. I'm asking whether buying the equivalent call for a naked call you wrote, and which is now ITM, is equivalent to negating your obligation.

If it is NOT equivalent to negating your obligation, none of your separate points about "buying back" calls make any sense whatsoever.

>>20904898
You can fulfill your obligation with naked calls by either purchasing the underlying yourself or purchasing another call. Generally, if there is a real "threat" that you will be assigned you go with the former because the stock is clearly rising and so having to purchase the same call yourself might cause a follow through loss. Think of it as the long version of a short squeeze. The appeal of the second is to avoid large temporary drawdowns. But that only happens if the stock moons hard provided you didn't write a dumb call in the first place.
Writing dumb puts are dangerous. There you are buying stocks on decline which means you might incur huge losses as you try to flip the underyling.
I'd rather be assigned TSLA calls than WDI puts in June

>>20904995
>using RH to make trades worth hundreds of thousands of dollars

hmm

>>20905013
Say you fomod the top of a PnD and now own say 100 shares of a stock at $10 and that stock is now worth like $5. Would selling calls at a strike of $10 still be a good idea?

>>20904995
>supposedly has $200k to drop
>uses a shitty app to do it

>>20904982
What broker would even allow a retail person to sell naked options?

>>20905082
>either purchasing the underlying yourself or purchasing another call

Thank you! This is the first response I've gotten which actually answers my question. The reason I ask is because, for example, AMZN calls which are ATM right now, with an expiration of next week, have premiums at around 6-7K. Clearly that's not as horrible as having to actually buy 100 shares of AMZN.

And this is to say nothing of the prudence of writing naked options, which I already know is a terrible idea. I just wanted to understand what kind of damage such a person would be looking at.

>>20904705
Why did you hold? I bought oil and airlines at the bottom and sold 75% to the top, that shit isn't going to recover immediately I was planning on holding for 2 years but it skyrocketed for no reason.

Same with FAGMAN, I wouldn't hold that shit right now they only have room to go down. When people get sick of this global NWO shutdown and WW3 starts they are going to exit scam

Currently I'm fully invested in DRIP defense contractors, I might be early because DJIA will get smacked up if tech pops but I am confident this is the hold as the world positions for 20 theatres of war

>>20905062
I did answer your points, you're not fucking reading. If you sold an option $50 strike that expires 8/21. you can buy back ANY option that is $50 strike that expires 8/21. THEY ARE ALL THE SAME! IT DOESNT MATTER WHO IS BUYING OR SELLING!

You need to close your trading account if you cannot understand this. I cannot help you anymore, sorry.

>>20905131
Robinhood.

>>20905131
The one that was in the news for the high school kid that immediately put himself $700,000 in debt and will end up getting Options regulations passed because they're moronic.

>>20905185
But they don't. To sell a call, you have to have 100 shares held in collateral. To sell a put, you have the cash held in collateral. To sell a spread, you have to have the max loss held in collateral.

>>20905100
If you got trapped in a PnD, I would just sell the shares, or sell ITM options if they even have a decent premium.

>>20905185
I gave up on him already. I mean it's a very, very simple concept and he's nowhere near comprehending it so whatever.

>>20905219
>To sell a call, you have to have 100 shares held in collateral
You don't. You don't know what you're talking about.

>>20905217
The buying power looks like -$700,000 temporarily. It all comes out in the wash.

>>20905254
Yeah, he's still dead though.

>>20903011
Sabby in that shit now, I'm leery af

>>20905247
Unless it's a spread. In which case, you have to have the max loss held in collateral.

>>20905266
Which adds to the tragedy of the situation, yes.

>>20904679
this only works as long as normal people are footing the bill with doing actual work and paying their taxes
I don't want to go blogpost, but people that gravitate towards AOC & co's ideological dogmas have an unconscious visceral resentment of competence and if they ever get to write legislation they'll destroy the economy where all the normal people working as tax cattle get their wages from that funds this entire charade
The gov won't be paying for shit in decades if these javascripted husks get in charge, because there will be nothing to spend.
You will have your AmazonCreditTM to buy your weekly calorie-GO! packets and that's about it as far as value moving through average people's hands

whats the next wkhs?

>>20905219
You do not. But its something that only certain brokers allow and always on margin accounts.

>>20905185

You answered in the most convoluted and cryptic manner possible. This >>20904285 is a horrible answer filled with noisy junk that I didn't ask and don't care about.

>>20904498 This from the other poster is not an answer either. "It's not an MMO, it's just credits" does NOT explain anything.

If you had come out and said "buying a call for a strike/exp after writing one for that strike/exp negates your obligation", that would have answered my question. That's ALL I care about. That's all I asked.

>>20905353
August workhorse

what's your stake on tesla? will it pump or dump?

>>20905185
Do you know how then the option is executed, if no no individual trader is on the other end? It doesn't automatically trigger when it's in the money (it would really fuck with spreads if it did)

God damn this guy won't give up. What a fucking moron.

>>20902917
Is this the /asp/ mod?

>>20902856
Will the FED actually use contractionary monetary policy once the 2% inflation target is achieved?

>>20902856
>>20902856
Ok so is this market ever going to drop or will retard bulls keep pushing up equities on a destroyed economy

>>20905391
TSLA's entire movement over the past 2 months has been from its options chain because of a bunch of factors that give it some of the most abusable gamma ever seen in the market.
Since its purely a hype stock that will only continue with more hype events, probably battery day. If it doesn't move then, I can see a slow decline downwards. It's crabbing near 1.5k is absolutely tied to the call options that started it all.

>>20903689
Dont cash out, just roll it over into an ira. Duh.

>>20905427
FAANG, close cousins to FAANG, PMs, and certain healthcare stocks have rallied. Almost all other tickers, especially on the Russell have been in super crab mode for like 2+ months.

>>20905368
I told you those things because you NEED TO KNOW THEM! You're clearly young and/or stupid. Why the fuck are you even thinking about options when you don't even want to learn what they really are? Youre like a little kid with floaties in the pool thinking you can swim across the ocean. We are trying to tell you VERY IMPORTANT concepts and you're just dismissing them like a retard.
Fuck man, whatever dude, hurry up and lose your money.

>>20905486
I need to read up more on this, thanks

>>20905427
>is this market ever going to drop
The market actually looks like shit and has continued to look like shit for months now. The only people making money are the top 10 tech stocks, covid meme stocks (biomemes, chemical companies, manufacturers), and a few misc stuff. Everything else is dead in the water.

>>20905427
>Economy already crashed
>Economy now slowly recovering
>Expects the stock market to crash
>Doesn't realize we're in for a decade long bull run again
Anon... I...

Let's be honest, half of the people who "cash out", supposedly out of fear of a market crash are impatient tweakers who just want to take out what little profits their investment made in the past couple of months, and make up excuses for their impatience.

>>20905403
Options are always executed if they are in the money. There is a huge network in the background that handles all of this, the options clearing house. Every single option you see on the market is covered by stocks.

>>20905554
>Why the fuck are you even thinking about options when you don't even want to learn what they really are?

This isn't a conversation about the nature of options so much as the nature of assignment and mitigating the associated risks of assignment. I simply wasn't aware that first writing and then buying an option at X strike, at K expiration effectively nullified your assignment obligation. That's it! That's all I cared about here. This entire conversation was in the context of writing covered calls. I've bought and sold options for a profit plenty of times. I've been fearful of any transaction associated with writing options (spreads, what have you) because of my foggy understanding of how assignment worked. I would still do more research before I considered writing covered calls, and it goes without saying that I would never write naked options.

>>20905655
Depends on the reason, but yeah I guess

Is jumping into Apple on Monday and just selling far OTM covered calls a moderately less retarded strategy for something I want hold for at least a few months for decent gains?

>>20904246
I bought cloudflare Friday, looking for $50+ but also might just hold it.

>>20904410
When I was in college in worked at a Ralph Lauren store for three years. Unironically the best job I've ever had. I love Ralphy boy.

>>20905655
you do realize institutional investors have to cash out once they have to cover all the other defaults.

PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED
PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED
PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED
PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED
PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED
PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED
PELOSI SAYS NO DEAL REACHED
>PELOSI SAYS NO DEAL REACHED

>>20905803
Look what they've done to your boy

>>20905851
Well they're demanding to insert language in the bill banning federal police from policing so no shit he's not going to sign that.

>>20905469
Yea TSLA option trading is insane you can get 600 percenters on a weekly if you time the movements right

>>20905655
What new traders don't realize is that crashes are actually your friend. Resets that happen because of market movements over several days are better for everyone than slow bleeds as the market trends downward over months or years. The 2008 "crash" was ~18 months and the great depression was 4 years. This rally was ridiculous and overwhelmingly top heavy. It isn't "impatience" that motivates profit taking.

YUGE: Buffett is going to buy 25% of BAC.

>>20905391
>Tesla CEO literally a retard
>stock bleeding out
>no new innovation
>shit economy getting shittier
>tesla showrooms default on rent and closed indefinitely
>earnings complete bullshit so investors fled
>even RH faggots are leaving
>is tesla going to rise?

>>20905912
Calls on BAC

>>20905851
>PELOSI SAYS NO DEAL REACHED
sauce?

>>20905974
y u do dis

>>20905958
WHICH DIP
JUST ONE TICKER PLEASE

>>20905896
Since mid May all I see in online forums are people who supposedly got 'scared' of the tech rally and cashed out. Had I listened to them and done the same, I'd have lost give or take another +8% profit on my portfolio.
I'm also not sure what it is if it isn't 'impatience'. Is this a valid strategic move?

>>20903572
Firearm stocks like ruger and smith&wesson will probably spike the day after election if he were to win.

>>20905995
RTX

>>20905943
Fundamentals have literally never been relevant to the cult of TSLA. I have seen ludicrous "10 year exponential" graphs with some questionable fitting of current data since 2015.
You make money if the conditions for that insane gamma abuse reappear. It needs news catalysts and upward movement of the major indices to drive it. I am one of the biggest TSLA bears because I think Elon Musk is THE con man of this generation. But I dipped my toes into that option chain game and made a few thousand. And i'd likely do it again. A play motivated by just making money than anything related to the underlying. If Boeing had the same thing happen to it, I'd dip my toes in there.

Mommy!

>>20905865
Dang, that makes me sad. But I'm not too surprised, their designs have been really stagnant the last couple years. I only ever buy RRL anymore.

>>20905873
kek based Washington
>Well they put that stuff protecting employers from all liability, putting employees at further risk!
>No no, THEY put in stuff about barring feds from policing.
Ends with Americans losing their homes and cheapies for the ultrawealthy, bless this country.

>>20905912
>could go up to 25%
literally nothing

>>20906026
Bruh, I bought SWBI the weekend after the first riots, up 80%.

>>20906034
how do i use gamma to my advantage to strike it big?

>>20903188
Why not just hold onto them. Apple is a company you want to own, not trade

>>20906059
>Ends with Americans losing their homes
I work in healthcare so I'm doing just fine. Fuck em. And no, obviously you shouldn't be able to sue your employer for unprovable happenstance of getting sick outside of medical facilities handling rare and dangerous pathogens where a reasonable causal link could be established and you followed all precautions, ie you don't just get anthrax walking down the street.

>>20906001
>I'm also not sure what it is if it isn't 'impatience'. Is this a valid strategic move?
This is a trader's market. Investors are still, with a few exceptions, waiting to check back in since March. Traders don't "long" anything so it's not impatience to realize profits.
Amateurish investors have every right to be skiddish. They are entering at precisely the wrong time because of a combination of desperation and unique circumstances that gave them time and a little money to get in the markets.
I personally would long nothing in this market except certain treasuries and ironclad blue chips like JNJ. And those I would treat more as a bond than as a speculative investment.

>>20904246
Shorting nikola

Anyone? Apple or Cloudflare? Could their earnings late next week be big?

>>20906100
>Why not just hold onto them.

This is precisely why I asked about writing covered calls in the first place. Ultimately, I want to be able to maintain my stake in Apple for a number of years. I wanted to understand what risk writing covered calls might pose to my ownership of those shares, and what expiration or strike ranges people typically go with, as well as how to contend with the prospect of being assigned.

>>20906150
>Apple
That was last week.

>>20906150
I picked up 100 shares of Cloudflare and have been shilling it in these threads for weeks. I think it's a great long term company, fully expect them to have AMD-like growth

>>20906192
I don't see why their stock won't run up again thanks to FOMO after the split. It becomes $110 a share again and everyone buys in and Jack's it back up $20 or $30. Big money return.

>>20906001
>>20906125
There is also no escape from Tech now because of Covid and the way companies are working.

I'm longing tech companies that are low right now but are investing in 5g, I don't see what's wrong with that. Then yeah, I'm longing some blue chips with good dividends because I don't know when a few of them will ever be this cheap again.

Played around with my scripts that backtests the LRS strategy. I'm really not convinced that LRS works as well as the authors claim. It doesn't seem to affect drawdown all that much and it fails to correctly selloff during massive drops like covid. I found that:
- VWMA is strictly superior to SMA, EMA or WMA in any case, almost always. Far more reliable.
- Using the underlying is rarely better than using the actual leveraged ticker.
- An ATR-based method based on a correction to the mean thesis works far better on all timespans tested than the suggested method.
Between LRS and B&H, I'd rather do the latter simply because taxes and convenience beat the meager increased returns and virtually nonexistent improved psychological safety.

CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
>CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
>CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
>CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
>CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
>CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT

>>20906253
>CCP BLOCKS BYTEDANCE'S SALE OF TIKTOK TO MICROSOFT
lol

>>20906253
This is it, MSFT back to $150 EOW

>>20905912
>basically flat for 20+ years

He wants to underperform, doesn’t he?

>>20904679
>she represents the mainstream millennial and zoomer political platform.
Questionable. Msm and social medias have been going full blast attempting to make it seem like that is the majority view. Election, i think, will demonstrate otherwise.

>>20906295
Microsoft didn't pump on the tiktok rumors so why would it dump after them

>>20903007
WKHS is up there

>>20905486
So from what I'm reading, I can roll the 30k in my 401k into a Roth IRA, pay taxes on it, and continue contributing from my current employer. Can I create my own brokerage account, hypothetically Vanguard, and tell John Hancock roll it over where I say?

>>20906113
>you followed all precautions, ie you don't just get anthrax walking down the street
Seems like a pretty terrible analogy.

If it were as simple as surface contact spread you'd have a point.

Employers and managers can encourage unsafe practices, sometimes in direct conflicts with company policy, to squeeze out extra productivity. No one wants an employee getting injured, but they'll incentivize quick and unsafe behavior until someone sues.

Giving them cart blanche is asking them to put employees at risk. And when your warehouse or restaurant explodes in infections, it's likely not because each individual employee is being irresponsible, it means you need to implement measures against infection.

Like the chinks putting in plexiglass dividers on factory lines to keep employees from infecting each other.

>>20906253
>>20906295

It is funny how the unrealized potential of the deal might deflate investor confidence in Microsoft, even though this entire saga played out after Friday's close and was never priced in to begin with. But we'll have to see what happens come Monday.

>>20902856
Acrl did a 100% since I startled shilling it here again last month. By now I regret as I post more about it this month

>>20906191
>I wanted to understand what risk writing covered calls might pose to my ownership of those shares
There are two "risks" with covered calls.
1. You give up the theoretical infinite upside of the underlying to the buyer. Think of it as giving away a winning lottery ticket but for compensation.
2. As part of a portfolio strategy, over the long term it removes on average your top performers. Leaving you with an underperforming portfolio.
>what expiration or strike ranges people typically go with
Depends on the stock, your risk tolerance, your goals, etc.
For growth stocks you can typically get better premiums than almost any dividend yield on value stocks. You can write these calls a year out at first to give the best tax treatment of the collected premiums (or capital gains, if you are assigned). 10-15% is a good range for growth. 5-10% for "value".
Keep in mind that even if you are assigned you can just repurchase the shares. You can even buffer that strategy by buying a put at the same strike and expiration (which you would sell when assigned with your call).

>>20906253
TIKTOC CONFIRMED SPYING OPERATION
>TIKTOC CONFIRMED SPYING OPERATION
TIKTOC CONFIRMED SPYING OPERATION
>TIKTOC CONFIRMED SPYING OPERATION
TIKTOC CONFIRMED SPYING OPERATION
>TIKTOC CONFIRMED SPYING OPERATION

>>20906322
Biden is going to win and it's not going to be close. Trump's hilariously dismal failure on coronavirus has prevented any attempt to change the narrative to the (real) danger posed by giving woke retards power.

>>20906232
Oh. Yeah it's still good to buy Apple.

>>20906343
That's fine, I mean if you want to live in a world where every single store looks like a KFC in downtown Detroit and close down every three weeks for a month for "deep cleaning" based on an arbitrary threshold limit of a flu that has a 0.3% mortality rate on par with regular influenza that's on you. But I'm not giving those businesses any of my money, fuck feeling like an alien in your own society.

I really don't understand how you expect any business to stay afloat in such a scenario.

>>20906380
lol, nice b8. A bit too obvious though. Would use another pic to make it more subtle, for one.

>>20906374
>why do you care
>i got nothing to hide

>>20906412
If the polls are out by the same amount and in the same direction as 2016, Biden will win over 300 electoral votes. Including Florida, Michigan, and PA. This clown world denial of the fact Trump is losing is going to create rage and tears not seen since IT WAS HER TURN.

>>20906068
Well done!

>>20906383
Honestly it’s never a bad idea buy some apple

>>20906403
>only thinking in extremes
a feature of the disease afflicting society

>>20906380
if you're that sure, you can bet on it on the FTX exchange:
https://ftx.com/trade/TRUMPWIN/USD

>>20906372
>2. As part of a portfolio strategy, over the long term it removes on average your top performers. Leaving you with an underperforming portfolio.
No. This is lottery ticket buyer cope.

>>20906469
That night was a lot of fun watching them try to ignite that building. funny how it was supposed to be affordable nigger housing too kek

BYTEDANCE ACQUIRES MICROSOFT FOR TWO HUNDRED DOLLARS AND A KLONDIKE BAR
>BYTEDANCE ACQUIRES MICROSOFT FOR TWO HUNDRED DOLLARS AND A KLONDIKE BAR
BYTEDANCE ACQUIRES MICROSOFT FOR TWO HUNDRED DOLLARS AND A KLONDIKE BAR
>BYTEDANCE ACQUIRES MICROSOFT FOR TWO HUNDRED DOLLARS AND A KLONDIKE BAR
BYTEDANCE ACQUIRES MICROSOFT FOR TWO HUNDRED DOLLARS AND A KLONDIKE BAR
>BYTEDANCE ACQUIRES MICROSOFT FOR TWO HUNDRED DOLLARS AND A KLONDIKE BAR

>>20906372
>You give up the theoretical infinite upside of the underlying to the buyer. Think of it as giving away a winning lottery ticket but for compensation.
>As part of a portfolio strategy, over the long term it removes on average your top performers. Leaving you with an underperforming portfolio.

Yep, crystal clear.

>You can write these calls a year out at first

See, I would think that writing close-to-expiration options would be ideal. The premiums would naturally be much lower, but you would be able to write them as often as every week if you wanted.

Being able to literally just buy the same call to close out your position takes a lot of mystery and confusion out of the equation for me, though. You could write a LEAP and then just buy it to close out if you were nervous about the stock running up too much. Still, a year is a lot of time, particularly for a growth stock, to go ITM. Either I'd be on my toes for a whole year or I'd almost certainly just buy back out of fear, so that probably wouldn't be a good strategy for me.

>Keep in mind that even if you are assigned you can just repurchase the shares.

Yep. I kind of like having the shares I have now at their current cost basis and with the relative return clearly indicated, but it really doesn't make much of a difference.

>>20906469
ur funny

>>20906502
I haven't fucked around with shitcoin based gambling, is it available in Canada? And is it a scam?

I think 40% is overrating Trump's chances but not by too much. I'd put it more around 20-30%. 2020 is too volatile, Biden might just fucking keel over and die of lung pao sicken by November. Trump might too.

>>20906342
Yeah, if you do Roth, everything you contribute you have to pay taxes on now, but no tax when you cash out. Really depends on where you think your income will be come retirement.
I personally do Roth bc I'm a poorfag accumulating & should have much higher income at retirement age, so I'd rather pay the lower tax rate now.

Any downside to liquidating my 70k portfolio and dumping it all into Apple?

>>20906507
>No. This is lottery ticket buyer cope.
If you don't repurchase it does assuming you use very similar thesis for setting your strikes and expiry.

>American restaurant chains: Hooters, Inc., based in Clearwater, Florida today announced it priced 95 million shares at US$15 per share, more than the high end of its estimated offering price range (between US$10.00 and US$12.00). Each share represents one Class A ordinary share of the Company.

>The shares are expected to begin trading today on the NASDAQ under the symbol “HOOT”. The offering is expected to close on August 3, 2020, subject to customary closing conditions. If the underwriters do not exercise their option to purchase additional shares, the company will raise a total of US$1.66 billion via the offering and the concurrent private placements.

>>20906568
I called 2016 for Trump in Feburary 2016, when Nate Bismuth was still convinced he couldn't be the nominee.

Trump is losing. Badly.

>>20906625
You missed /pol/ buddy. You're not even pretending to talk about the stock market implications, you're just posting joeshill shit I see 100000x per day on /pol/ from Act Blue manifests.

>>20906606
As long as you buy some Facebook, amazon, Microsoft and google as well

>>20906560
>See, I would think that writing close-to-expiration options would be ideal. The premiums would naturally be much lower, but you would be able to write them as often as every week if you wanted.
Theta is not linear. Collecting premiums every week for week out calls will be less than the premium of a year out call.

>>20906571
>I think 40% is overrating Trump's chances
Come back in 120 years with a better track record than this guy and I'll take your shitpost serious. Now fuck off.

>>20906571
>lung pao
I haven't seen this one before. Clever.

CryptoStar

>>20906642
The market will crash in October or November when it becomes obvious to even idiots like you that yes, Trump is losing.

And I know exactly what I plan to do.

>>20906661
Gonna screencap this and enjoy it in November. You're literally as delusional as the "she can't lose" retards.

>>20906469

>>20906712
I'm sure that you will. Now fuck off.

>>20906606
Good question. I was considering cutting my losses and doing the same. This is assuming appl will pump after the split because i actually dont want to hold appl.

>>20906717
They're pretending that the fact that they're lying even harder this year means you should believe them.

>Republican voter registration outpacing Democrat in PA by 500%, highest in history
Yeah, Joe's already won everyone go home.

CLSK price predictions for Monday?

>/pol/ invasion
I was enjoying the thread too

>>20906610
Thats called "making a mistake." If you really want to buy back, then wait for a dip. Otherwise, just move on. And of course the best solution is get better at selling options, you don't need maximum premiums. Don't be greedy.

>>20906721
Mmhm honey no, do you want the tranny janny to save you from the evil mean facts man? Trump said I'm wrong so I can't possibly be right, better call the janny.

>>20906717
Gonna be fucking hilarious to watch you Qultists try to justify how the loss of your messiah is PART OF DAH PLAN

>>20906749
If enough people report him he'll at least get auto-muted.

>>20906660

Nor is the dollar amount growth rate of AAPL stock linear. For example, June 2021 500 calls sell for around a 2.3K premium. 8/7 450 calls go for a 200 dollar premium. Frankly, I see it as much more likely that Apple will hit 500 (or 125, I should say) in a year (or less) than that it will hit 450 in a week. The year-out premiums for share prices I expect to remain OTM don't justify the wait time or the likelihood of my having to buy to close out. I'd be banking on the run-up to 500/125 not happening until months and months out when theta started having an appreciable effect on the premiums.

>>20906337
>he expects there to be a reason

HAHAHAHAHAHA

>>20906403
it must be a mental struggle to think about niggers all the time.

>>20906727
why don't you want to hold? or do you just not hold stocks in general

>>20906808
>MUH TWITTER CENSORING MUH FREE SPEECH
>EVERYONE REPORT THIS BAD MAN WHO SAYS GOOD ORANGE MAN BAD
d e l u s i o n a l

>>20906790
>Trump didn't even fall under 40% during the Corona crisis with mass unemployment rates
I'm not american.. but that's not a good sign for the opposing party

>>20906844
Has nothing to do with niggers, uneducated faggot. You must have no idea what fast food restaurants look like in the hood. I could have picked any shithole city.

>>20906607
Yeah, I don't foresee any big changes in income next 30 years. I'll probably roll it over to a Roth IRA. Thanks anon.

hmmm almost like we have a board dedicated to discussing politics

>age
>total value of portfolio
>top positions

>20
>$32,800
>AAPL, MSFT, TSLA, GOOGL, BABA, SPY, SPCE, IVV, DIS, FB, NFLX, PG, XOM

>>20906859
You're right, Biden is literally the weakest Democratic candidate since Dukakis. The problem for Trump is that nobody cares about Biden, they're just voting for "not Trump".

>>20906871
Yes, let's discuss how the stock market has moved today.

It hasn't. It won't tomorrow either.

>>20906469
Much, much better b8. Same issue as the last one: really bad choice of pic. To be fair, choosing a pic related to biden that's actually positive is not an easy task, but it's needed to really make this work imo.

>>20906885
data mining but ok

>24
>$22500 in my RH, $2500 in TDA combined IRA/ trading account, $17000 roth 401k company matching 3%
>AAPL, RTX, NET, MSFT, CRM, JBLU, V

>>20906660
That's completely false. The premium on the weekly is far higher than 1/50th of the yearly. The yearly is usually something like only 20x the weekly.

>>20906380
Enjoy your extended taxation/medical freedom loss. Obama has Obamacare, Clinton raised social security, wonder what Biden will bring? Digital medical certificates probably.

>>20906885
>27
>$670k RH, $30k TDA
>AMZN, AAPL, TQQQ, CLX, SNAP

>>20906817
>For example, June 2021 500 calls sell for around a 2.3K premium. 8/7 450 calls go for a 200 dollar premium.
You are looking at options for a stock shortly after earnings and after already a run up, deserved or otherwise, about "stock split hype". The volatility is pretty maxed out and I guarantee that it will fall.
The June 2021 500 calls get to "lock in" that volatility today for ts premium price while I guarantee that 8/7, 8/14, .... etc. calls will have volatility sort of capped by what you saw this week. So that 200 premium might be 100 next week, might be 50 2 months from now ,etc. Volatility crush is the options writer's best friend. you want to sell those calls precisely when people are thinking this
>Frankly, I see it as much more likely that Apple will hit 500 (or 125, I should say) in a year (or less) than that it will hit 450 in a week
The only way that delta wins over theta as a writer is if somehow every week AAPL behaves this way and you constantly move the strike.

>>20906945
>data mining
Pretty sure the government or deep state or whatever boogeyman you’re scared of already has access to all your stock data

>>20906944
>>20906979
I mean the problem is you think I support Biden but I don't. He's going to put America is an absolutely terrible position for the new cold war with China over the next how ever many years he remains in office before senility is too much to hide.

But Trump is losing to Biden anyways. Because literally even fucking Vietnam has dealt with the Red Death better than Trump. And all people will care about in November is whether there's still rolling shutdowns and whether the economy has recovered. Which it's not going to.

>>20906885
>20
>$60700
>literally none because 100% cash on weekends

>>20906749
dilate

I wish I had finished the post about how next he's going to say "guys I don't support Biden he's shit but oh boy shucks he's just going to win guys there's nothing to be done" because he telegraphs his moves so closely to their script it's fucking hilarious.

>>20906972
See
>>20907018
You should sell calls when the volatility is highest/spikes. It isn't fair to just multiply the weekly x 52 since that assumes the volatility is fixed over an entire year. Which is ridiculous.

>>20907018
>The June 2021 500 calls get to "lock in" that volatility today for ts premium price

You make a good point about exploiting Apple's high volatility to net much higher than normal premiums, but my and >>20906972's point still remains that year-out premiums are generally not 52x or more that of the weekly premiums. That is, unless the entire options market right now is so roiled by volatility that we're seeing disproportionate weekly/yearly premium ratios. I didn't even start trading options until February, and I barely even remember what typical pre-crash IV was.

>>20907018
>>20907062
This is why I sell weekly covered calls on companies with earnings reports. My capital is tied up for now, but I am doing covered calls for OLN this week, earnings on the 5th. Ammo and chemicals manufacturer, and all ammo is sold out, along with record gun sales.

>>20907059
>muh shills
>muh script
>muh vague evil "them"
Feel free to post literally anything you think Trump has lied about. You don't just blindly believe everything he tweets, right?

>>20902946
>>20902971
>The bulk of analysts agree it will be $5

>>20907021
i'm just meming

Might stick big fat bet on trump to win. Best odds available for trump win are about 36.4% which seems low

>>20906616
Sounds like the one IPO not to buy.

>femboy hooters
fuck off with this disease.

>>20906871
The best part of a successful psyop is the people you've corrupted go out and psyop others on their own. /pol/ is a great tragedy, so many young men that could have become part of a great cause.

But people love simple answers, and LOVE to be self-righteous zealots.

>>20906909
>Yes, let's discuss how the stock market has moved today.
>It hasn't. It won't tomorrow either.
this is when we talk about research and monetary policy, and dalio, and interesting things.

>>20906885
37
80,000 (401/pension/brokerage/cash)
DAL,SWTSX,DIS,T,KO

27,000 a year salary. Only debt is the house.

>>20907062
That still means you're waiting for an IV spike that might take 5 years to happen and be worth it. Makes a lot more sense to multiply and sell when it reaches the proper threshold at the very least, such as if your average weekly * 50 < the current yearly, get the yearly. Otherwise just keep doing weeklies. 50 is really tight as well since you're tying your shares in there for a long-ass time. What if the stock tanks? Therefore you should expect a supplementary premium on top of what you expect from weeklies. Moreover you're backpedaling.

>>20907188
If I strongly thought Trump would win I would sit cash for October, and then after the normal pre-election dip go balls deep into oil, gas, and guns. Mining companies as well, because permits would be easier. Basically all the big ticket Republican donors and the usual pork recipients. Maybe Boeing too. Or an index fund, because the market broadly likes Republicans winning.

>>20907229
>27,000 a year
>working a $13 an hour job
You know even digging ditches pays almost $20 an hour right?

>>20907188

Unfortunately I just don't see it, although I still really need to gauge sentiment through the debates to be sure. Trump felt like much more of an underdog in 2016, and being the incumbent this time leaves him much more vulnerable to criticism, justified or not, and blunts the dark horse angle he had in '16.

>>20907229
what the fuck are you doing to earn that poverty wage at 37???

>>20907269
digging ditches here only pays 15 to 17 dolallars an hour
so sad

>>20907109
>that year-out premiums are generally not 52x or more that of the weekly premiums
It is difficult here because it isn't apples to apples. The historic volatility for AAPL tend to be "lower" than what it reached on Friday. The option premiums will tend to reflect this over time from week to week. The absolute best time for AAPL options was to sell puts in march. You could have collected enormous premiums at the time for ITM puts there.
Rookies make the mistake of buying options near earnings and then getting crushed by IV. The equivalent for selling is NOT taking advantage of IV crush.

>>20907296
Go check your state's DOT hiring page. Around here they pay the guy who stands around with the slow down sign on construction projects $22 an hour.

>>20907265
you forget that congress still matters
there are many possible outcomes

>>20907290
gov't wage so it's got the benefits, pension, healthcare, disability, whatever

>>20907357
nice I'll check it out
problem is I live in rural wyoming so there are plenty of farm kids to dig ditches

>>20907357
That doesn't sound like a 8x5 job. AKA not reliable.

>>20907363
I mean I guess but shit you can do better

>>20907397
>That doesn't sound like a 8x5 job
It's state government. You're guaranteed your hours, even if you sit around at the equipment shop brushing off ditch diggers. That's why I said DOT, not some contractor that hires Paco and Mollita.

>>20907357
I do cost estimates for construction projects. They get paid $15/hour typically per bidding contractor. So under $12/hour actual salary

Palantir IPO when?

>>20907265

It'll be fun seeing how the market reacts on the proceeding Wednesday. Whether hot air or otherwise, there's a strong dichotomy between the left's attitude toward capital markets and Trump's. Seeing as Biden is a shoe-in for whichever far-left trojan horse the DNC picks as his running mate, the long-term impact on business and the market at large could be substantial depending on who wins. Anticipatory behavior will reach a fever pitch on the day of, and we'll get an explosion of some kind on the day after.

>>20907440
Cool. That's your state. I am talking about how in my state, they're state employees. Not working for a contractor. Not sure why this is so unclear.

>find ticker that has no bad or good news, just neutral
>very low average volume
>below $2
>buy 20k or more shares out of the blue
>algos and news bots pick it up, twitter, stocktwits etc
>sell once it's +20% or something
how could this possibly fail. this is a genius strategy that nobody has ever tried before right?

>>20907413
Maybe. But the benefits & the fact I can walk out in 11-12 years and sit on my ass till I die kinda make up for it. I'm not hurting for money.

>>20907451
>Seeing as Biden is a shoe-in for whichever far-left trojan horse the DNC picks as his running mate
its funny that you think the DNC is at all interested in promoting far-left politics, rather than being openly and aggressively hostile towards it

Can I buy porn stock?

>>20907515
there aren't any publicly traded as far as I know

>>20907236
>That still means you're waiting for an IV spike that might take 5 years to happen and be worth it
Earnings are consistent sources of IV spikes. Even the AAPL one we are currently discussing is from AAPL's most recent earnings call.
> What if the stock tanks?
Write them with quarterly expirys instead if you really think that to balance liquidity with premium. Theta does begin to get fairly linear above 30 days and is nearly linear above 60 days.

>>20907355
>It is difficult here because it isn't apples to apples.

No pun intended, of course.

I understand your point. The question is really whether the weekly premiums over the following year add up to the singular premium of a year-out call right now. As it happens, I won't have 100 shares until after the split, so I'm not even thinking about writing calls until then. Even afterward, I'm going to want to watch the price action for some weeks to see what kind of growth rate (or even decline) we see in the post-split price.

>>20907503
Now if I had debt out the ass or a few ex-wives/kids to take care of then yeah I'd be hurting. But I don't so..

>>20907451
Biden's VP will probably be more moderate because the DNC knows:
>biden will serve at the longest to 2024, possibly less
>his VP will be their nominee in 2024
>literally fucking nobody is stupid enough to vote Stacey Abrams or whoever into the presidency

What I want to see is Warren in charge of the SEC. Whenever she gets an anti-corruption position like that she goes hardcore, she would have wrecked the Kodak insider trading. Might be a refreshing change of pace.

>>20907512

Yeah, that's true, they wouldn't have ejected Bernie twice if they were genuinely partial to grassroots leftism. I see Biden as a holdover, though. He's just delaying the inevitable. Leftism is going to permeate and uproot the democratic party over time. Or at the very least, democrats are going to let the leftists run the prison yard and terrorize everybody else while they sit in their guard tower watching TV.

>>20907450
Aiming for September.

>>20907601
If Biden even makes it the full 4 years. Hell the dude's had a few heart attacks when he was vice president. The strain of the presidency may do him in.

>>20907657
Having Stacey Abrams take over in 2022 or 2023 would be even worse for the Democrats. As Trump showed, being an unknown with no experience can benefit you as a challenger, but once you're incumbent that benefit is lost and you're judged on your actual performance.

>>20904246
Anyone watching Alteryx?

>>20907646
Yeah I think the prison yard thing makes sense -- I don't think Dems will ever let leftists wield real, economic power, but they'll be more than happy to let them run the Culture War Department to appease the dummies.

Buy CCH?

>>20907772

I like wholesome family man vegetable garden Cramer. Yeah the Bear Sterns thing was a wash but the game would be a little less fun without him.

holding massive cruiseline bags....when will the suffering end?

>>20907812
He was right about the bear stearns thing.

The question was if clients who bank with bear stearns should go make a run on banks and get their money out.

It was an FDIC insured bank, their money was safe with bear stearns.

anyone have NVDA calls?

>>20907813

When a vaccine is rolled out. Same for travel and hospitality. Doesn't matter whether the mortality rate is exaggerated or the infection count is higher due to asymptomatic cases, people are too spooked for travel or leisure right now.

OH NONONONONONONO MARKETS DIDNT HAVE TIME TO REACT TO THIS IN FRIDAY SINCE IT WAS AFTER CLOSE ITS OVER

>>20907813
Norwegian just extended their shutdown through October, so probably not soon. I expect it will be delayed until 2021 at the earliest. But maybe on vaccine hype you can exit at breakeven or a profit.

>>20907857

He'd talked about the stock being all right too in the weeks prior.

>>20907911
Where does his big Fed freak out fall on the time line?

should i put all my money in sqqq since there is a huge crash coming soon?

>>20907891
Gold to $3k confirmed

>>20903319
It's starting to appear that 22 is being and established floor. With this infinite printing Jerome has been doing, buying at least 20 ounces and just holding is a decent hedge, and I mean physical. Silver has more volatility, but still relatively stable (unlike this circus of a stock market this year), but gold is definitely more stable, since it's the main commodity the dollar is backed up on.

should i put all my money in aapl since there is a huge bull run coming soon?

So, I'm an idiot, but is there a DEFINITIVE reason the stock market is apparently soon to crash, or are people just getting spooked in these trying times?

>>20907551
Anything further than weekly expiry is heavily discounted compared to x times the weekly at any point in time. Even when considering IV spikes, only extreme events like march can cause IV to go high enough to counter this effect. Even then it's not clear the outcome is positive over "averaging down the IV bonus" from weeklies unless the event really happens for just 5 seconds and no further event will happen in a year as opposed to a series of events that spike IV until a maximum is reached. IV spikes from earnings literally don't do shit. You have clearly demonstrated that you have never traded options in your life.

>>20908385
Mostly history and the impossibility to maintain 0% rates indefinitely (in particular in the event of another catalyst -- they can't reduce rates further without going to hell, and if they raise them first so they can reduce them when shit hits the fan they'll instantly cause a recession as was demonstrated in 2019).

>>20908277
You are retarded

>>20908385
It's purely economic uncertainty due to corona, BLM, the march crash, upcoming elections, and brrrrrrr. Everything is obviously over valued right now, and it's all still going up. It's unironically a clown market, all signs will be good for a company and it'll go down, all signs will be bad for a company and its stock will rocket upwards. The fact that they managed to brrrr away the march crash is in itself a feat.

>>20908385
People have been saying that since the dawn of time. The stock market will crash at some unknown point in the future, but if you’re smart and hold a decent amount of cash, it’s just an opportunity to buy stocks for cheap

>>20908526
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conductor

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>>20904671
They rather sell it than have it banned without getting paid