/biz/ - Business & Finance

>>22142294

Dildo

ANONS!!! Remember to buy Debit Call Spreads on TQQQ for easy gains this week!!!! TQQQ goes up every week, and they'll continue to do so until there's a crash, but even if that happens it's okay!! TQQQ always corrects itself soon, so remember to buy cheapies!!!

WE'RE ALL GOING TO MAKE IT ANONS!!!!!!

>only up 3% today
This is bullshit I want more 7% days. I only made $780 today.

Go all in on this ive made 10k in 3 days

Does Questrade require Canadians to have things like "an income" or "a job" to trade options? I have almost 10k leafbucks now and I'm growing out of Wealthsimple

>>22142367
Forgot pic

Is Tesla ever gonna hit 500 again?

>>22142394
Sup QQQ call bro

Feels good to be over 20k bros. Hopefully I will be over 100k before the year is over

>>22142398
After several reverse splits yes

>>22142398
Yes, after they repeatedly raise capital with dilutive equity offerings and build like 20 Gigafactories with it

>>22142445
Its too easy bro. Im becoming rich. Gonna buy a jeep in two weeks ill post it for yall

>>22142380
It, like everywhere else, will ask about your job history.
It's more a matter of, do they really give a fuck to check into it? I've signed up for loans in the past using fake phone numbers and names.

"SPY is for boomers!"

True, but options are not.

Here's an example of a SPY call when you have even a slightly green market. Options, being leveraged, give you 40%+ returns consistently.

Once your call becomes slightly ITM, just sell it as it starts following the underlying ticker instead and stops getting the leverage it used to. Then you roll it out into other calls for later on at a higher strike.

Repeat.

Is ERIC-B a good idea?

AWOO

>>22142330
I have a green dildo lodged in my ass 24/7 for good luck.

>>22142491
>like everywhere else
Not Wealthsimple lol

>beat expected eps 0.88 with $1.44
>Q2 net income 3.5billion
>strong Q3 outlook
>has a dip

You are fool for not buying in RKT.

>>22142521
>lodged
kek

ELON ARE YOU OKAY? ARE YOU OKAY ELON?

am i the only bear here? no bully pls :(

>>22142533
You are a fool for buying. Interest rates are 0% right now and people are scooping up houses. Loan origination earnings WILL decline in the next year, these are record highs.

Does oil have a future, lads?

>>22142484
don't forget to run those factories at operational loss

QQQ callbros unite. Fuck the noise. Tesla FOMO boys crying right now.

>>22142404
No, I'm not scared of losing everything in "1 crash." A crash doesn't happen overnight. It happens with buildup and there are always signs. If QQQ legs down for 4 days straight in this environment based on actual news, sure I'll get the fuck out. But when things dip suddenly on no news (which regularly happens in this environment), I just end up buying the dip.

FUCK there goes half my O gains

>>22142574
I'm always bearish but I'm not retarded enough to buy puts in a steady green market

Anyone use Fidelity and trade with margin?
I applied for a margin account just out of curiosity. I don't really understand exactly what it means but I basically wanted to avoid having to wait for cash to settle from a sale before I could use it in another purchase. I'm at $32k so they approved my margin account in a day.
So, I sold some shares then bought some others, and selected cash instead of margin for all of it, out of curiosity to see what it would do. When my purchase went through, it shows my shares as being purchased on margin; I think this makes sense, since I technically didn't have the settled funds yet.
Will they transfer from being "margin" to "not margin" once I have enough settled cash? If not, is there a way to convert it?

Also do I even need to be fucking with all this? I feel like I've sold then bought with unsettled cash before without any issue, but then reading about the account types I think I might be wrong.

>>22142587
not past 2040

>>22142587
yes, $0

>>22142571
I'd make a blood sacrifice if that was supposed to happen. All these Roasties and Zoomers losing their rent money to the Bankers and Institutional Investors. It would be so beautiful, they'd get burned so badly they'd never invest again. I'd have my normal Stock Market back.

>DJI
>78% of clients are net short.

>>22142380
Questrade does ask you if you have a job and what your annual income is. It's unlikely they check this as it's mostly information for them to defend against any kind of foolish lawsuit you may decide to engage in against them after you have lost your shirt on gambles. Standard brokerage procedure.

>>22142579
interest rates will be at zero for at least the next 4 years you fucking moron. J Powell said it himself

CDC Tells States to Get Ready for Nov. 1 Vaccine Distribution

https://www.bloomberg.com/news/articles/2020-09-02/cdc-tells-states-to-get-ready-for-nov-1-vaccine-distribution?srnd=premium

>>22142624
I can't even sign in to Fidelity anymore (switched to Schwab). What's the correct login page?

>>22142445
Which app are you using?

>>22142579
>Interest rates are 0% right now
yeah till 2022.

>>22142644
my annual income is CPP survivors benefit, coronabux, GST gibs and student grants

dog bless canadia

>>22142658
>https://www.bloomberg.com/news/articles/2020-09-02/cdc-tells-states-to-get-ready-for-nov-1-vaccine-distribution?srnd=premium

All in on SPY calls tomorrow.

>>22142587
Yes it does my friend., Start loading SM energy, QEP and CDEV. You are looking at 500-1000% gains

What a day boys

>>22142574
I think both the nasdaq and s&p are overextended and due for a retrace. However, I am not short on anything yet. I am quasi-short on the USD with a large position in silver though.

>>22142664
...What.

>>22142521

Based n lodged pilled

>>22142394
>>22142445
>>22142488
what type of long game con is this, you fools post this ever other thread. or are you just dopamine'd to all hell and can't go a minute without telling someone about your baby gains?

>think Tesla is overvalued
>whatever just embrace it
>go all in on Tesla at open
>lose 5% of my portfolio
OK

I think we can all agree that triple leveraged ETFs are the supreme stock market hack that with a small up front investment all but guarantees a bounty in the many millions of dollars over the medium term.
One can even backtest a daily rebalanced S&P or Nasdaq investment (SPXL, TQQQ) over the last few decades and with a fairly short time frame something like 100k can be turned into literally 100s of millions. 30 years of TQQQ starting with 100k would probably be close to 100 million dollars.
Of course the only problem is leveraged 3x ETFs have only been a thing for about 10 years now. However, futures have existed for a long time before that and mimicking a 3x leveraged daily rebalanced position in the S&P or Nasdaq has been available to retail investors since probably the 70s.
WHY HAS NO ONE DONE THIS? NOT A SINGLE PERSON has come forward having done this strategy. They would have since they would have crushed the market over the long term and put all other fund managers to shame with something like a 50% CAGR over the long term.
Why is this not a thing? Nobody ever thought of it before?

>>22142700
i def feel early, but my timing sucks so i don't wanna try to time the top. may have to hold close to exp. f

what does /smg/ think of the 20/50/200 EMA's on larger time frames?

sometimes i look at them and think "damn if i just bought at/near one of them look at how much money i could have made..." but sometimes i worry that it won't work even though i've seen it work so many times. could even DCA through them potentially.

heard jared from livetraders say "the only indicator i respect is the 200 EMA on the daily and 1h timeframe" so i've been looking at the 20/50/200 on those timeframes in tech recently, you guys might want to take a look. AAPL more or less bounced off the 1h 50 EMA today for example, penetrated through a bit but recovered, didn't get to the 200. i think the anon talking about using 12x-16x ATR from the 200 as a sell signal was pretty spot-on too.

>>22142761
drawdowns are spooky

>>22142761
>Why is this not a thing? Nobody ever thought of it before?
It is a thing.

>>22142761
t. zoomer

>>22142752
>dopamine'd to all hell and can't go a minute without telling someone about your baby gains

>>22142761
Massive downside, so people with capital don't want to climb in.

>>22142668
Robinhood

So UVXY is up 22% for the week. Anyone getting worried? I was able to minimize getting buttfucked today by trading some of my FNGU and TQQQ for NAIL and AMD, but goddamn if I had just gone in on UVXY when I saw the first huge green candle

>>22142758
you only lose if you sell :^)

GME ABOVE $8.20 AFTERMARKET

>>22142752
Because leap calls especially on QQQ are literally free money. Join us bro

>>22142761
it works until it doesn't

Where does all the magic 3x money come from?

>>22142761
If you're going to go in on triple leveraged ETFs, why not just grab calls instead? You get multiple times more leverage than leveraged ETFs and your expense ratios are basically the decaying of theta, which you can circumvent by going into 'continually rising' indexes like QQQ/SPY (save for crashes like the trade war or COVID, which are black swan events).

Also unlike shares, you can enter/exit positions within a week or even a day for 20-30% gains on your entry point due to how options pricing swings on OTM calls.

>>22142881
Money printer goes brrrrr

>>22142877
i did two days ago but fuck you. also checked

>>22142761
Leverage wasn’t always so easy to come by - normal investors couldn’t access futures or options without enormous commissions or other obstacles. And there definitely were no leveraged ETFs - or any ETFs at all.

>>22142643
what

explain calls to me like im a brainlet

>>22142894
Personally I think the triple leveraged ETFs are just better than calls for someone starting with a smaller bankroll. I'd love to trade options but having enough money to cover 100 shares of good stock is really damn expensive

>>22142796
Yes drawdowns are spooky but at least one person would have held on I would think.
>>22142806
If it was who did it? They would have crushed even RenTec's record and it would be a known thing. You can't keep results like that secret
>>22142842
Not even one person? People are doing it now. What changed?
>>22142881
The strategy has been backtested to 1928 and has crushed the market return by orders of magnitude. And yeah, liquidity would eventually be an issue but you'd be fine in the futures market even with a stake of 100s of millions. The bid on /ES eight now has millions sitting on it
>>22142894
I don't necessarily disagree. But that just takes the question to a different area. Besides options only started trading in 1973 in the US

>>22142924
good job, hold that through and you’ll make at least 10x

>>22142924
Now imagine you went all in. You're already up 63.21% and you have another 6 months for that to ride up. QQQ calls for DAYS.

>>22142944
Is this a gains train like workhorse?

I realized today I need to be a lot more aggressive in my investments. Got to get my 80k to over 100k by end of month.

>>22142932
Meant to tag you too. Futures since the beginning of index trading has always given better access to leverage VS trading stocks and the question is since it's been possible, why hasn't anyone done it and futures have been around for decades

*cough**cough* just wait for battery day teslabros

>crowdstrike smashes earnings targets
>stock goes down

>>22142790
since everyone here is hyped about TSLA, let's look at that.

notice how it basically rejected the 1h EMA(200)? just thought it was interesting. but i guess this is always the difficulty with dips: this is either the perfect buying opportunity from that level, or it's about to crash. still, something for you guys to think about. price has been carried by the 50 for quite some time as well, and that recent spike above the 16x ATR from the EMA(200) presented a pretty good warning side of the impending dump.

i think of it less as "reading the tea leaves" and more as what metrics institutions look at primarily.

>>22142491
>i've committed financial fraud
what would compel you to post this on an FBI honeypot

>>22142761
leveraged etfs is /not/ free money, on the ocontrary you're paying volatility decay every day. CAGR of leveraged etfs have not been much different than a normal index, so if you're going to hold you'll get better return to volatility with a low beta index fund, the only freee money is stock picking, which isn't hard to do at all, just requires some upfront research

>>22142758
Why at the open and not at a certain price point?
the fuck?

>>22142944
Already sold this morning, the pump is done man.

>>22142894

Are you not afraid of one badly timed black swan drawdown wiping your account? At least with equity you can just hold indefinitely until shit sorts itself out. How do you callchads mitigate this risk? Just keep rolling your LEAPS out?

>>22143077
Have you used crowd strike. Don't stay invested in bloat ware.

>>22142873
GMEchads are going to see 10x returns over the next weeks.

I sold my 30 GME 7$ 9/4 calls right before close for only small profit..... omfg it’s up 10% after hours I want to kill my self

are any of the normal indexs making any money

>>22143097
Simulated SPXL has been backtested to 1928 and even including the massive drawdowns, volatility decay, fees, etc. has crushed the unleveraged index orders of magnitude. This is simple math and not contraversial so the question is why has no one done it, not whether it could have been done

>>22143128
I don’t put more than half my account into Leaps.

Fuck it. I'm not going to miss the opportunity.
Let's short tsla.

GME Chads are you not entertained? ARE YOU NOT ENTERTAINED?

I laid DD out for all the early morning guys. Wah I want a Lambo as soon as I buy. Wah the stock went down to give me cheapies before the epic squeeze. Guess what I bought every share I could and am basking in green. Epic squeeze is still yet to come.

>>22143192
link to this research/backtesting? i'd like to read about it.

>>22143128
I mitigate this risk by buying far dated options instead of playing weeklies like a retard, pretty much. And if there is a black swan event, it still takes place over a long period of time. I cut my losses at -50% and that has happened once on the mid-July pullback. And even if we were to go through a 3-month drawdown like the US-China trade war, I'd either have exited at -50% and it would've lasted 3 months maximum even if I bought calls at the ABSOLUTE top. Basically, long dated appreciation options for wide indexes for a strong sector like tech, is pretty much invincible.

>>22143170
Are they finally selling 2/3 of the company?

>>22143104
why would I sell if i bought in at $20. Seems like when revenue is higher than your market cap, you have some momentum

>>22143170
i hope so. i'd really like to turn my $2.3k into $23k instead of into $1.15k

>>22143223
I attached an excerpt but here's the paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2741701

>>22143211
Just a couple weeks ago I had a bunch of 9/11 5$ calls and they were down 60 percent and I sold as soon as I broke even. Biggest regret next to selling my weekly 7$ calls right before close cause that would have been a 20 bagger

do any of you do the tqqq/tmf portfolio? i feel like i should sell tmf and replace it with some other hedge, but i can't find anything good. gold or cash maybe?

>>22143211
the key imho is to put in something you're willing to lose half of if you're wrong (i go with the consideration of losing 100% but if this falls through i doubt it will do that before you could get out even if you were lazy about it). i always wanted to try a short squeeze play like i've read about and your DD did sound good and the short float is insane. that guy taking a huge stake in the company was what really sold me so i got in a bit late but better late than never i guess. i got 300 shares around $7-ish.

i've already made massive gains from the TSLA and AAPL pre-split hysteria and some after, so even if i lost all of this it would just be a fraction of my gains. so im not worried. hope it works out though. also im holding stock so i can wait. that's my 2c at least.

>>22143266
She's dropped 6% in after hours, and she'll another 12% before she stops.

tfw you remember it's a holiday weekend so one less day of gains

RKT Lookin pretty good actually

There seems to be next to no liquidity in these super long dated QQQ options and very large spreads.
Sure the number on your screen goes up but what happens when you actually try to sell them?
Can anybody show realized gains from these?
Sure seems like you could just be trying to encourage others to buy your bags.

>>22143342
Financials, specifically Banks, LEAPs
Banks are one of the only things ATM that seem anti-correlated with Tech.
The other option would be full TQQQ and then sell half when QQQ dives below 200 into VXX calls. Vola is also the other thing anti-correlated with tech.

>>22143342
I don't think you're gonna do much better than TMF paired with TQQQ. Cash only deteriorates in the long term so definitely not that and gold does its own thing so I see it as more of a less correlated asset to TQQQ than a 'hedge' per se. TMF is leveraged treasuries so it will negatively correlate and it probably will rise significantly in the long term. As good a hedge as you could hope for I think

tqqq or qqq for long holds?

>>22143301
Man that hurts. I’ve done things like this in the past but what’s important is to learn from it and that you didn’t lose any money.

>>22142971

Fund managers make bank off management fees, just guessing but I'd imagine not spooking your rich patrons with -90% drawdowns is more important than maximizing return with leverage

Would now be a good time to start investing or is the market in a bubble? I’ve never invested before and just bought some index stocks for the long term.

>>22143401
Also, traders going to jump ship on Thursday. Expect red before holidays.

>>22143291
thanks, i like this sorta stuff. i'd also say that the problem is probably that tech is so high and overextended right now, and people worry about the risk associated with the next potential crash. i think the worry, in my opinion, is that there is a strong risk of "buying the top" and that even though this may have worked for the previous decades that is no guarantee it will continue to work out that way. but then again, maybe it will, who knows.

my problem would be more along the lines of how do you manage risk for a position you hold over years, maybe even decades? if you fucked up you wouldn't know until it was too late. this is my main gripe with buy and hold strategies in general regardless of asset class tbhwy.

>>22143432
Finally someone gets it. JPM/BAC LEAPs and flipping them when tech draws down protects your tech gains. Alternatively you can also just have some cash set aside to unironically buy the tech dip with calls.

>>22143448
Holding, TQQQ
Options, QQQ

The wagies are locked in tesla with 2 months of salary

Peak confirmed or very close

So if i day trade, does that affect my employment benefits and do I have to report the weekly gains?

>>22142574
High IQ poster. Screen cap this.

>>22143460
Start now, learn with a couple of hundred before throwing everything in.

>>22143387
yea, I just don't see it. But your warning is heard. It looks like there was a lot of sell off due to earnings.

>tfw your 10/02 360 costco call options go from otm to itm in a day
I was expecting a run up before earnings but god damn son

>>22143501
>Bas***com
>Based.com
Is this one of you?

>>22143291
I'm not getting the difference between 200 day LRS and non, but without it'
s only a ~4% alpha, which doesn't give a strong argument for holding since stock picking can outperform that number significantly

however, I do see the argument for timing the market with leveraged etfs since the carshes are so exaggerated relative to the future valuations

>>22143092
Ehhh funny lines why should i believe them

>>22143501
Sometimes I forget that /smg/ actually is smarter than 95% of retail investors.

>>22143412
>Sure the number on your screen goes up but what happens when you actually try to sell them?
I avoid options with low liquidty, got btfo'd by those one too many times where my opponent was likely an algo and i had to spend 2 hours closing the contracts for puny amounts (large loss)

>>22142924
>>22142894
Help me understand options more. I feel like I'm sooo close just nervous to actually pull the trigger

Wtf bros. I don't have margin and did 0 options. Why is this on hold?

i sold all my US stocks to buy GME
I also sold all my canadian stocks to buy GME, even at the cost of exchange rate fees.

it's ridicilous how my +30% of my first 150 stocks baited me into going all in. I don't really understand why i did this, i dunno why i'm so convinced GME will go to $30 at least. Still need more catalysts to actually squeeze

>>22143412
What are you on about? QQQ/SPY have some of the highest liquidity on options. And algos will always buy an option that's on the lower end of the bid-ask spread if you're that desperate to have your option sold. Which is never the case for SPY/QQQ.

THIS is low liquidity.

>>22143456
The thing is though if your customers were talked into daily rebalancing their investments it seems like the fund would actually make more in fees. I can see how selling into a draw down may be frowned from a traditional risk management perspective (though I disagree) especially seeing the scary warnings the SEC forces the leveraged ETF companies to put on their products.
The 90% drawdown would definitely scare the shit out of normal faggots though
>>22143546
Ignore the LRS thing but realize that 4% difference compounds to orders of magnitude return differences over the long term. Skim the paper
>>22143484
I agree we are fucking frothy right now. I'm mostly all in on leveraged ETFs but I have a sell target based on moving averages cuz fuck the draw down thing. The paper outlines a moving average strategy that's also very interesting. In my futures account I'm several times leveraged but with a tight stop. That should mitigate the possibility of catastrophic loss in the long term

>>22142501
Thanks.
Where do you trade fren?
I was thinking of using a zoomer app since my broker charges too much for each trade.

>>22143584
/smg/, /o/ and /lit/ are the only places on 4chins where there is a chance people know what they are talking about

>>22143646
>nervous about options

You should be. Don't let anyone tell you otherwise. Its literally blackjack in a casino.

You either win big or lose big fast.

I rather stick with stocks and never sell at a loss. They'll eventually go up.

>>22143646
Don't do some stupid scheme because you'll get fucked.
Like buying super long dated options that you'll never be able to sell.
Find a stock you really like and that you'd like to buy AND that you can afford 100 shares of it. Then sell a put at like 1 strike below the current price. Then watch what happens to it and you'll learn a bit about how it works AND you'll learn not to buy puts.

>afterhours GME

>>22143484
you realize this is a century backtest right? you're buying every day basically and you would accept the volatility, and act indifferent

>>22143658
Where the fuck are you gmefags getting this magical $30 ticker price from? I'm seeing this number being parroted in smg for a while now. Any reason why a short squeeze could cause more than a 300%+ in price?

>>22143681
That one you're showing with low liquidity is exactly what I'm talking about. Not sure why you're confused. You're literally showing a long dated option with low liquidity in response to a post about long dated options being low in liquidity.

>>22143658
Do you always jump on whatever shit that gets shilled here?

>>22143710
I'm a zoomer and use Robinhood.

>>22143714
Agreed.

>>22142294
Why is trump so weird

how quick would tqqq tank in the event of a bubble burst

>>22143733
Do you not know what's coming this year/who's investing in it?

>>22143766
This is March 2021 liquidity for QQQ. This is not low at all. Even semi-popular tickers like BAC/JPM/GS have tons of 2021/2022 liquidity.

>>22143778
he's an overgrown teenager

>>22143803
3x as fast.

When will Nasdaq dip?

>>22143551
self-fulfilling prophecy: tutes edition. you should believe in them because everyone else believes in them and trades based on them.

Hey Anon, want some sour cream and onion???

Why doesn't anyone use webull? Never here it brought up despite having over 5 million downloads

Is berkshire hills bank an undiscovered gem for recovery?

why the FUCK did RKT go down?

>>22143778
I'm so glad to be alive in a timeline where I can shitpost, have waifus, trade stocks with my phone and have Trump as our Supreme leader.

He's so good at rustling niggers and soys. I love him so much <3

how quick would tqqq rise in the event of a bubble being blown bigger

>>22143704
again, 13% return on an index moving 5% a day is not a strong argument, when stock picking can give you lower betas than the index and achieve double that CAGR if you have a good screener

>>22143733
Late 2015 is my guess.

looking at pastebin, I'm leaning towards using TD Ameritrade but looking at the screenies it seems like a lot of you prefer RH, should I start there?

>>22143866
chinkware

If I intend to hold long-term (several months at least), is an ETF tracking the S&P 500 the best option?

>>22143878
Why would it go up?

>>22143722
I was wanting a apple call around 140$-150$ strike depending on expiration date.

>>22143092
Even Elon himself said TSLA was overpriced, it was never a matter of 'if' just 'when'

>>22143878
Cause it's earnings day, nobody care if they actually make or lose money. Point's to get out before then.

>>22143878
Slower loan volume, but that is an amazing earnings report. Watch for a boost in volume and price.

>>22143866
WeBull doesn't have spreads.

>>22143769
Thanks zoomer fren

>>22143861
i want to gape the utz girl's asshole

>>22143809
The volume looks spotty but apparently it is there.
Can you show realized gains?

>>22143251
No, they just announced a new credit line they have the option of using in the future, likely for stock buybacks.

Supposedly only single-digit percentages of shorts have covered. Squeeze has barely begun.

People don't realize the company currently has more cash on hand than debt, and has assets worth more than the market cap. The shorts just got too greedy on this one.

>>22143097
This is not true at all and youre magnifying the decay effects enormously.

>>22143926
and QQQ

BHLB is this the most Chad bank recovery divvy play on the planet?

>>22143767
out of all the shit i've filtered from /smg/, i've only touched TSM, GSI.V, and TQQQ.
TSM is up like +40% since it was shilled in June.
GSI.V is up +68% since it was shilled around the same time but i only put in like $500 in there and I took profits at $0.60 not $0.84
TQQQ. always goes up, took my profits and it's still going up fuck.

/smg/'s been great, it's not like I jump in blindly, I verify the DD and decide whether it's worth it. Jumped in on Monday at opening, and now that the momentum's MUCH clearer, shorts borrowing rates skyrocketing, and that it recovered from the dip today, fuck yeah I went all in and liquidated the rest of my stocks.

the fact that people like pic related will still short GME despite the massive rates and short % made me realize this really is a bubble that's going to pop but just the other way around in my favor.

Should I buy QQQ or SPY calls?

>>22143720
>literally blackjack in a casino
Not even close. Buying just a long call or long put, maybe. The near infinite strategies and hedges that can be set up with options doesn't compare to the strict rules of blackjack.

>>22143945
that's why im more interested in this sort of strategy on something like AAPL or MSFT etc, the FAGMAAN stocks. but i always worry about that "it works until it doesn't" thing but i suppose i could also throw a 500 EMA on there because these blue chips are unlikely to ever fall THAT far unless they fundamentally shit the bed somehow or the FED raises interests rates or some shit (a.k.a. something they'd never do)

>>22138886
>That would also be a risk. You would have to accept your fate that your upside is limited to the 1400 and cry when it poomps. Since the goal is to be assigned, the stocks price doesnt really matter, but it would suck if it went up enough that you couldnt buy back in at an increment of 100
I know it not new, but Ive been trying to find ways to make less money at a more consistent rate. Right now I feast or famine on options and im basically retarded

Tell me about it, I've been trying to find a way to do this too, the finding a way to make consistent gains. Am absolutely terrified of credit spreads and had a big scare earlier as if I hadn't a few others already. The others I panic closed for a small loss only for them to reverse to a gain. The one time i refuse to panic sell...turns into the only one i should have panic sold. Have been trying many methods but end up not sticking to it long enough. Eg my soxl strategy would alreadly have me up over a 50% gain from about a month ago. Or my tqqq strategy would also have me up a decent chunk. Instead i decide to do credit spreads with low returns and high risk. Of all my strategies this one has terrified me the most.

So, uh... TQQQ to $187.50 by Friday?

>>22144023
You should buy 100 shares of SPY and sell premi

>>22142346
You outed yourself as a 20 year old

>>22144062
>dreams of reliable 10k a day gains
>scared of credit spreads
NGMI

>>22142624
I use fedelity and honestly have the same thing Even when I had the settled amount of cash. I was going to call Fidelity about it tomorrow because it also fucks with your dashboard since they won't show you proper stats on margin purchases for some asinine reason. They will also split your cash and margin purchases into different rows, and then out of nowhere they'll just...combine at some point when the cash purchase eventually just evolved into a margin purchase. No fucking clue what's going on. But Fidelity in general, despite being a great broker, just has the most janky fucking site ever. You can tell it was made by boomers who pretty much did basic HTML and CSS classes and lied saying they have 14 years experience in their resume. My account balance randomly glitches out and gains/loses money all the time. I don't mean changing with stock value, I mean randomly getting like 80k added to my account total despite the math on individual accounts not adding up. Refresh fixes it.

>>22144146
>my once OTM SOXL covered calls
goodbye SOXL

Fuck it fuck all of it is it too late to buy into tech? I give up bros I’m hurting

>>22143945
>Even Elon himself said TSLA was overpriced
That was unironically a dog whistle for his twitter cultists. There's a reason why the post was made on 5/1/2020

i want TSLA to dump really hard just to fuck all the normies. AAPLbros are cool and are gonna make it though.

>>22144152
Explain how ur so confident. How much are you throwing down in collateral that you're not terrified of getting btfo'd?

t. Terrified with just 3k in collateral.

>>22144200
Just buy the TSLA dip

>>22144149
that was such a nice and positive post with a cute anime girl and all you do is insult them?

IMO all non anime posters itt need to kill themselves and their families too much negatively in these threads

>>22143903
either one

>>22143778
he never outgrew his edgy racist teen phase

>>22144004
don't believe my "magnifcation", look at the studies that show the impact of the decay

>>22144213
Just make 150k+ a year.

>>22143960
Perhaps preparation is required first.

>>22144213
get rich or die trying

>>22144152
This.

>>22142346
Is this a decent one? Never fucked with this before, I just buy calls and puts. The obvious assumption here is that the bull run continues into the end of next week.

Buy 1x 11SEP2020 175c
Sell 1x 11SEPT2020 177.5c

If TQQQ is >= 177.5 by expiry I make $130, if TQQQ is < 174ish by expiry I lose $130.

>>22144185
If you made money, you won

>>22144209
aapl is as normie as it gets

Can someone explain to a brainlet why this is making GME pump +8% afterhours?
https://www.sec.gov/Archives/edgar/data/1326380/000132638020000107/gme-20200828.htm

>>22144235
>racist
kek, not his fault these niggers change what is and isn't constituted as "offensive" 4 times before he wakes up for breakfast at McDonalds

>>22143988
Not sure how to do that on Robinhood besides showing the portfolio value and its progress.

>>22144023
QQQ and SPY, 75/25 distrib

We green af tomorrow. Today was the dip!!

>>22144213
Sell shit that's far OTM just to get your feet wet. Then grow a pair and put that poorfag $3k on the line for some real scratch. I mean, Anon... are you 'bout it or not?

>>22142394
>>22142445
Oh hey QQQ bros, I bought a call two days ago because I read your posts. I love /smg/ and I love you frens

>>22144213
i have 110k in JPM C and BAC 30K in AMZN and will open another 40K position (not sure what yet) when i close jpm tomorrow. just dont use your whole bankroll and plot your entry point on the chart its not rocket surgery

>>22144313
they're a real company with an actual economic moat though so they're fine. TSLA doesn't actually sell much and doesn't make any money on actual products. they're purely speculative.

>>22144345
Just show your qqq history. Should show there

>>22144358
Fuck forgot pic

well as a daily TSLA shill who panic sold at 417 am now on team I hope TSLA plummets 25-50%... now 25% of my portfolio is cash and idk what to do with it

>>22142873
i need an explanation to the gme meme. surely its not just because the new consoles? even with their shift to a more general "nerd culture" store, i dont understand how they're still in business.

>>22144224
based

>>22144398
AAPL, battery day's a meme anyway.

TESLA 483 AFTER HOURS
> TESLA 483 AFTER HOURS
TESLA 483 AFTER HOURS
> TESLA 483 AFTER HOURS
TESLA 483 AFTER HOURS
> TESLA 483 AFTER HOURS
TESLA 483 AFTER HOURS
> TESLA 483 AFTER HOURS

>>22144242
Pic related. If I had that kinda salary I'd be retired in sub 10 years using my safest strategies.

>>22144262
Have begun reaching that point where I'm considering throwing in my life savings. A single succesful week would net me a over a months wage but if i fail its my entire life savings from wagecucking for years btfod. Likely gonna do it anyways. Im likely either trapped wageslaving till im old or i retire before im old.

What if VIX is rising because we're going to have an anti-crash? Like money from all over the world is so scared of missing out that they liquidate everything and flood the US market and the indexes go parabolic, which causes VIX to keep rising because we fear a pullback any second, but it just... keeps... rising... and then in 2023 SPY crashes 50% from it's ATH of 20k down to 10k.

>>22144224
Based

Buy oil companies kiddo

>>22142346
>20
>Giving advice

>>22144455
A TINA rally needs an end to TINA.

>>22144441
nice calls

>>22144454
I honestly don't know why not invest money in education and get a better job? You die even faster if you retire anyway. Wagecucking isn't wagecucking if you enjoy what you do.

>>22144441
no it's not, i see it as 439.

>>22144224
Unfathomably based

>>22144401
company shares were 99.62% shorted as of mid-august. new 9% stakeholder took on amazon and won in the pet dept. michael burry owns some. company is actually in reasonably okay financial shape all things considered.

also digital sales supposedly only account for like 30% of console game sales still, and both new consoles still have optical drives.

basically, a lot of people (myself included) are hoping for a short squeeze like the one VW had in 2008.

>>22144455
are you unironically asking what if this is the next dot com bubble?

I was going to put $2k into Apple, TQQQ or AMD tomorrow.
Should I do a combination?

Should I just buy QQQ options instead?

where the RKT degens i told not to hold through earnings?

What do?

>>22144379
Here's my Aug 31, huge day for me.

>>22144319
could be a dog whistle for a stock buyback. a buyback now would blow shorts to hell and cause infinity squeeze.

>>22144454
Forgot pic.

>>22144441
Of course. Missed the dip cause i was distraught over something else. I need to consildate my moves so i dont miss out on great deals simply because another stock dumped.

>>22144355
Meh im getting patient and am likely gonna throw my whole life savings or half of it at this. If i win tho ill make a decent chunk.

>>22144363
>plot your entry point
What do you mean by that? Just a price ur willing to go in on?

>>22144551
It's TQQQ and AMD for me.

Whatever happens tomorrow, my wife still won’t like me

>>22144213
here's a freebie: JPM 18 SEPT 20 $99 $96 put credit spread. sell 14 contracts and turn that 3k into ~4260 in a week 1/2

>>22144551
All in AAPL for the sweet dividend imo :^)

can long QQQ/SPY call chads explain the strat? i understand covered calls and that aspect of theta, and I just got BTFO by short term meme tesla calls, so i'd love a good idea for a chance

>>22144149
Yes. I don't work a job, and I'm making $2,000/mo and I'm not in any debt.

>>22144292
It looks a little like the pic attached. So more or less you're going to make some cash. You'll want to experiment with what strike prices you buy but in general, I use this website to visualize potential gains: https://www.optionsprofitcalculator.com/calculator/long-call.html

Just use the Call Spread

>>22144551
QQQ leaps can’t go wrong, until it does, and the only way that’s gonna happen is with the big ol’ ridin with Biden black swan rugpull market crash and no one has any clue when the fuck that will happen.

>>22144579
Those aren't March calls...

>>22144531
>company is actually in reasonably okay financial shape all things considered.
honestly this is what convinced me to go all in today instead of just a tiny 10% gambling portion of my portfolio.
As a value pick, Gamestop is actually good. Was never at risk of bankruptcy (more liquidity than debts), 8 billion in revenue annually and the covid lockdown disruption is offset by the increase in gaming boom (all they have to do at earnings is say their e-commerce side is up +50% or whatever even if they miss overall), and the ridiculous short interest.
I've also been watching
https://iborrowdesk.com/report/GME
for the past few days and the rate is exponentially increasing. Barely any shares available.

easiest +100% of my life and i cant believe it was /smg/ who gave me the tip to look into it early enough.

>>22144551
QQQ $315~$325 11/20 or 1/15/21 calls will perform better.

>>22144644
Just buy calls dated way out and OTM, pretty simple. Literally can’t go tits up

>>22144551
I'm in with tqqq. & pei. Not all choices are the correct ones.

>>22144590
>What do you mean by that? Just a price ur willing to go in on?
no, more like buying on red days and selling on green days

Just a reminder, it's time to get into Covid stocks!!!!

THat's Boeing, Disney & Carnival....Do it now, before it's too late.

TQQQ desperately needs a retrace to at least the EMA(200). it's up 16x the ATR from the 200, you really think this is sustainable without a major pullback?

im a buyer at the 200 and 500, though. historically those have been good places on the 1h time frame, not including the covid crash but that's rare and you'd probably be out on fundamentals before it got too bad (at a minimum, out on the first circuit breaker). after it corrects i'll be willing to buy off the 50 again too.

>>22144668
I don't have March calls right now if that's what you're asking about? I just recommend further dated options for people who are scared of black swan events.

>>22144697
What's OTM?

>>22144697
if im worried about investing in the market because of a rug pull that is imminent, how bad of an idea would it be to capitulate and both do these QQQ otm calls AND finally invest? i should keep the cash as a hedge right?

>>22144731
I'm talking about the super long calls strat that somebody is preaching. Sounds too good to be true. My thinking is that the liquidity is too low and the spreads too high to actually realize the gains being shown.
Not September lol

>>22144727
Those are non Covid stocks

>>22142758
i lost half my life savings today with this logic and 9/4 calls

>>22144727
>Boeing
enjoy your bags diluted while they pay debt

>>22144805
Should have just stuck with the GME sure thing

>>22144761
You aren’t ready for options anon. Watch some like options 101 YouTube videos and understand what everything is before you hit the casino.

>>22144805
your life savings is $2k, isn't it?

>>22144727
>Boeing
I'd rather slam my dick in the doorway than give my money to that sinking ship.

>>22144769
THERE'S NO FUCKING RUG PULL. This needs to be in the fucking general.

It's called inflation. These stock prices reflect 7 trillion + in money printing. It's only going to go up as long as that printer is rolling.

The time to worry is about 6 months from now. But you don't have to worry, especially since the vaccine hasn't even come out yet.

>>22143975
So you're saying you want cracked pepper on your chips?

>>22144502
>why not invest money in education and get a better job
I have a college degree and have been unsuccessful. Have been humilated ans only been able to get low tier office work at best....for pay nearly the same as working retail full time. It's tiresome, so tiresome. The stock market along with 2 or 3 other ideas are my seemingly last chances to escape wagecuckery.

>You die even faster if you retire anyway. Wagecucking isn't wagecucking if you enjoy what you do.
I've been utterly depressed in all my previous jobs that it actually reduces my healthiness. Ive been in better health when unemployed. Probably doesnt help that I get treated like trash and a slave in half my previous jobs or end up getting a job in a police state like organizations (heavily monitored including using the bathroom being tracked or afraid someone would squeal or being berated for not donating to some company fund raiser). I'm tired I dont want to do that anymore, i want to be permanently freed from that.

>>22144579
Wish I could pull that off.

>>22144857
>he thinks the printing was real OR that it is still going on
idiot

>>22144761
OTM = out of the money. It's basically a price point very far away from the current price - so it's less likely to happen. So this means the option is a lot cheaper.

But when it DOES hit that point, you gain a lot more leveraged gains because well, it's like betting on an underdog.

>>22144644
The strat is betting on a broad market instead of just a single company. And the liquidity is great on these tickers because they are traded/known by every single investor. These are usually not affected by singular meme events unless it's something like the US-China trade war, or COVID. Since the market is destined to keep growing as long as humanity progresses, it's a safe bet to bet on these going up in the long run.

You pay a lot more to buy options that expire in say, 2021. But you also have a lot more time for that stock to go up in price, and to recover from any long winded downfalls. For example, if you bought calls in January expiring in March, you probably got fucked by COVID. But if you bought them in January expiring in October, well.. we're back to all time highs.

As a result, the option prices decay (theta decay) the closer you get to the expiration date, and faster too. Because you have that much less time to reach profitability with that call (or put) option.

Meme Tesla calls tend to burn a lot of people because they go in after watching it go up 3-4 days in a row (out of disbelief) and they think it'll keep going up.. until it doesn't and people holding the last hot potato get burnt.

Well glad I only had one cheap OTM TSLA call. Meanwhile my SPY and QQQ calls are printing hard.

>>22144860
metaphorically speaking...

>>22144848
it was 10k i made from working at home depot all summer.

>>22144867
>i want to be permanently freed from that.
heres a tip from a free frog: become a landlord.

>>22144672
what amazes me too is how unanimous /biz/ seems to be on GME. i haven't had one person call me a retarded nigger yet for talking about the stock. this could be a good one bros. if it goes to $40 i erase my losses from ONTX.. fucking should have sold that stock when I was up 12k on it instead of down 9k. 70% intraday crashes are a cunt.

>>22144815
Boeing

1) It will never go bankrupt

2) It has support at 170 (likely not to go down further)

3) Yes it has debt...that debt is mostly below inflation, so it doesn't matter

4) Once vaccine news comes out, it'll be over 200, possibly 250.

Doesn't have to be Boeing, go with Disney or Live Nation or whatever else, but get it soon before you miss out.

Why the fuck is Apple so flat rn? And fuck whoever crashed that shit this morning.

>>22144797
Uh.. here's a December 2022 SPY call for $370c. Which went up 13.54% today after SPY climbed 1.56%. With 17k OI and 400 volume today.

If that's not liquidity for you, not sure what to say. People who buy this call have 15 whole months for SPY to climb 17 dollars. Pure profit from there.

>>22144934
ALRIGHT BABY, GET READY CAUSE HERE UTZ CUMZ!

Why doesn't the Fed sell puts to pay down its balance sheet?

>>22144904
...Money printer still happening, retard. 100+ billion in mortgage back securities every month.

Guys what do I do with pic related?
I kind of bought too much Citi stock, so now even if I sell Tesla tomorrow it just won't give me enough options money to play with.

>>22144979
>2)
lol, a TA cultist, I see

>>22142380
I have both. I use questrsde for usd and wealthsimple for cad

>>22144966
Yep. Boomers basically stacked as many cards as possible so landjewing was the most stable way to stop working.

>>22144867
Jesus christ, sorry anon, gl investing.

>>22144947
American wages are too fucking high

Every sane American could retire at 35

>>22144990
It seems strange
It feels like a scam
It's also a green day
What happens to these options on red days?

>>22144923
>>22144923
>>22144923

>>22145038
Balance your finance focused portfolio with some QQQ LEAPs maybe

>>22144867
If I were you, I would just leverage everything I have on 1 single investment

Things go wrong?
Just declare bankruptcy

Things go right?
You're finally free.

>>22145075
i live with my parents, dont spend a dime and actually made gainz on options these past couple weeks up until i decided to hop on the tsla ship only to have it crash on me

Something else to think about: Apple starts trading on Russia stock exchange Sept 7th. So perhaps they're keeping the stock at this level to entice all those new investors to buy like mad.

>>22144990
Based and LEAP pilled.

>>22145119
I'm sorry, hadn't read your other post.
Keep doing that and NOT chasing pumps with naked calls

>>22145038
>>22145101
Okay I had some October calls I sold today too early. Made $4651 as shown in the realized, but it could have been around 8k if I would have waited. Annoying.

>>22143498
>QQQ for options
damn, one contract for $300 strike is over $5,000. I'm not comfortable putting more than 1% of my net worth into options until I have a better feel for them. Is there a cheaper alternative to QQQ which makes similar movements?

Did I fuck up? I bought some Tesla calls for the meme.

>>22144966
Have considered that but dont I need 6 figure capital or something?

>>22145271
They have high premiums because they're generally on the move up all the time and are beloved indexes traded by everyone.

There really isn't a cheaper alternative for LEAPs. They have expensive entry points because they're not meant to be swing traded.

But you can buy debit call spreads and flip those with just $250-500. Google it.

>>22145158
:)

>>22145254
Financials are the bottom 2 performing sector as of post-COVID (the other is energy) and people have minor rotations into financials whenever tech has a drawdown. That's just the general observation that has been noted by market experts and regular investors as well.

>>22145444
>Financials are the bottom 2 performing sector as of post-COVID (the other is energy)
Yes and I have made a lot of money on them because people are dumping them and then they recover. Again and again.

>>22143997
Current price target?

tired of watching, going all in on $GME tomorrow at morning dip. check em

>>22144227

turns out I had a RH account already and $100 bucks in it, must have done that years ago

neat

>>22145633
based, rebought today after being stopped out yesterday

>>22145654
Did you own anything? I know a couple anons probably did what you did but bought a couple hundred AMD stock when it was below a dollar and then forgot the account existed

>>22144727
I fell for the boomer stocks meme in march and it was the worst mistake I've made in my life, I will cut off my dick before I ever buy another boomer stock

>>22145572
this is what the seekingalpha gamestop autist says
>$50 by december

>>22144483

which?

>>22144727
>>22144979
I don't mind the idea of boomer stocks but holy shit you need to realize how badly BA is managed, just look up "KC-46 problems" on Google, then "Starliner problems", 737 MAX, etc...

>>22144846

can you recommend any channels?

>>22144727
Let them nogs invest