[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
>> No.15074215

BOOM

>> No.15074494

I'm such a coward for not getting those AMD puts and even more for not getting them now.

>> No.15074824
File: 112 KB, 1125x1223, 68E16877-A6C9-4EBF-B0E5-829CF29CE214.jpg [View same] [iqdb] [saucenao] [google]
15074824

>>15074494
I sold my AMD puts after it bottomed today. Looking at nasdaq futures now makes me want to an hero. Its probably gonna drop to <25$ next week. Oh well I still made a lot of money this week. Probably not gonna buy options for awhile.

>> No.15075106
File: 120 KB, 224x200, bear.png [View same] [iqdb] [saucenao] [google]
15075106

Today was a great day for the bears.
Most VIX positions were closed for profits.

We are selling premium tomorrow.
Looking at strangles on TLT HYG
QQQ SPY and others.

Trade small, trade often!

>> No.15075148

Your general is trash, please kill yourself

>> No.15075297
File: 488 KB, 722x364, collect200.png [View same] [iqdb] [saucenao] [google]
15075297

>>15075148
We more than doubled our profits on our VIX calls.

Every day this week we tried to show show you the big boys do it.

But carry on troll, enjoy living in your moms basement.

>> No.15075391
File: 573 KB, 2456x962, 1564677802613.png [View same] [iqdb] [saucenao] [google]
15075391

Meanwhile on some of the other BIZ threads. It's more shilling and pumping. Learn and don't get burned by these losers.

>> No.15075459

>>15074200
Robinhood or think or swim for options?

>> No.15075490

>>15075459
If you're a real trader definitely TOS, Tastyworks, or IB.

>> No.15075504

I made money on a position but it still hurts when I close it out too early. How to I overcome this feeling? I am trying to solely focus on good trades but hindsight is always 20/20 and it gets me down sometimes

>> No.15075653

>>15075504
Your main goal as a trader is to bring in a positive average P/L over time. If you have closed a trade for profit be happy and focus your attention on the next trade. Its far better than a loss.

Some of the best trading systems that professionals follow are based on taking gains early in order to increase their winrate so they have a higher average P/L.

"Bird in hand" Don't be too greedy trying to collect the more credit and risk waiting too long only to see your winnings disappear.

>> No.15075895
File: 54 KB, 744x231, pump.png [View same] [iqdb] [saucenao] [google]
15075895

"More than meets the eye".
Here's another perfect example of pumping BS. Look at the weasel words used here.
They might as well be chirping, 'buy this it's great'.

Avoid looking online at what other anons post thinking, hey this seems popular, maybe I should buy some too.

The market goes up for a while and at first you think maybe this was a hot stock tip you found.
Then the market starts to come down and your 'hot stocks' tank along with everything else.

You have to ask yourself some serious questions first before you decide to bank your hard earned life savings on an investment or a trade.

>> No.15076161
File: 413 KB, 1364x1612, dump.png [View same] [iqdb] [saucenao] [google]
15076161

After the pump is the dump.
There are corrupt people trying to profit off of manipulating the markets with their short positions and buying puts.

How many of these posts trashing this stock are :
1 from the same person
2 from the same group of people working together
3 from traders aiming to profit from a move lower in the stock.

If you're looking 4chan for hot tips, remember that some of these people are aiming to exploit you, and profit from your mistakes.

Always ask yourself some serious questions first before you decide to bank your hard earned life savings on an investment or a trade. Fully consider the risks of losing your money and know that someone else is trying to take it from you and put it in their own pocket.

>> No.15076494
File: 187 KB, 1350x629, NWL-SCAM.png [View same] [iqdb] [saucenao] [google]
15076494

"On the road to 20"

This third anon is shilling a shit stock.

It's down over 5% today.
The chart is shit. The fundamentals are shit.

You have to ask yourself WTF is going on here?

This anon may have a losing position they need to unload and are trying to prevent it from falling. They may hope see the stock higher.

But this may be just the tip of the iceberg. They may have been positing this kind of shit not just on 4chan but on every board and site they can. They may be part of a larger scam doing this on a serious criminal level.

Manipulation is illegal and the SEC needs to shut this kind of thing down.

The US Securities Exchange Act defines market manipulation as "transactions which create an artificial price or maintain an artificial price for a tradable security".

>> No.15076565
File: 5 KB, 250x201, pump-dump.png [View same] [iqdb] [saucenao] [google]
15076565

"Pump and dump" (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.

>> No.15076590

>>15075653
This,

I've gotten greedy up 300% only to have to sell at a 90% gain instead. Don't hold too long if up, or down

>> No.15076808
File: 17 KB, 275x183, options-trading.jpg [View same] [iqdb] [saucenao] [google]
15076808

Tonight we looked at what to look out for and what to avoid so you don't get scammed.


In the future, research will be shared which shows how a short strangle options strategy can outperform buy and hold of stock indexes.
A short put strategy can outperform the risk /return performance of the S&P index.

>> No.15076976
File: 96 KB, 1589x899, VIX calls 08012019.png [View same] [iqdb] [saucenao] [google]
15076976

Here's one beautiful looking chart.

VIX calls gained over 300% in four days.
Our trade collected most of this move.

>> No.15077178 [DELETED] 
File: 134 KB, 213x254, idiot.png [View same] [iqdb] [saucenao] [google]
15077178

What was Trump's goal by announcing the new tarriffs? Cause a crash to get another rate cut?

https://www.zerohedge.com/news/2019-08-01/mission-accomplished-rate-cut-odds-surge-after-tariff-announcement-just

>> No.15077198
File: 132 KB, 244x227, draintheswamp.png [View same] [iqdb] [saucenao] [google]
15077198

What was Trump's goal by announcing the new tarriffs? Cause a crash to get another rate cut?

https://www.zerohedge.com/news/2019-08-01/mission-accomplished-rate-cut-odds-surge-after-tariff-announcement-just-trump

>> No.15077663

>>15076976
Too late to get in then, I’m guessing.

>> No.15077721

Could somebody please clarify this for me:

Say I sell out of the money calls for 5 bucks each with a strike price of $100. If the price stays under the breakeven price of $105 then I make money (fees notwithstanding). If it goes above $105, I can open a long for the same amount as the calls that I sold, thus negating any losses.

So basically, I either profit under $105 or stay breakeven above $105. Seems like a pretty safe strategy, but I'm sure I'm making a mistake in thinking somewhere.

>> No.15078401

>>15077721
It's called a covered call

>> No.15078487

>>15078401
So is this really an almost risk free situation? What am I missing?

>> No.15078734

>>15077663
The upside isn’t as high but you can still scalp at these levels

>> No.15078865

JUST LOST 20 POINTS IN 30 SECONDS. FUCK THE DAX!

Why is everything so volatile this morning? Is it because of the orange cheeto and his china tariffs?

>> No.15078960

>>15078487
The stock will gap over the strike price and the options will be excercised before you can covere them. Honestly it's bettere to just buy the stock and sell the call. If you are scared that the stock can go down, buy an OOTM put.
Disclaimer: I have never traded options.

>> No.15079010

What the fuck is wrong with your thread...

>>15075895
Jesus Christ guy, he wasn’t telling people to buy those, he has been in those trades for like months I think. I still prefer MO, but British has been kicking some ass and the dividend is no joke.

>>15075391
I know, I’m embarrassed to admit that he pisses me off enough that I made that image.

God fucking damn Merck is so good to me. I don’t even mind HODLing if we get a recession and it tanks. The divvy is solid and then I get even bigger DRiP gains. The only problems are political, but those are significant in the short term. However even if a Medicare for all dem takes office, I think they’ll have major problems passing their proposals. It’s requires a lot of unlikely things to happen, it’d be like a black swan.

As always, diversify your holdings, buy indexes, Max out your IRA.

>> No.15079043

>>15078960
What about European style options that can only be exercised at expiration?

>> No.15079148

Where can a europoor like me trade options? Robinhood si not a available here

>> No.15079538

>>15079148
Surely the British have good Options trading brokerages? Canada has no volume for options but we have the benefit of being able to trade directly on American exchanges through all brokerages

>> No.15079932

>>15078487
No covered calls are not risk free. But the strategy does lower your costs basis and slightly reduce risk by capping your upside. You have a higher probability of a win on the trade. It's a good strategy with a similar risk profile to selling covered calls.

>> No.15080090
File: 14 KB, 246x267, covered call.png [View same] [iqdb] [saucenao] [google]
15080090

For more information on covered calls check out

https://www.optionsplaybook.com/option-strategies/covered-call/

https://www.tastytrade.com/tt/learn/covered-call

>> No.15080220
File: 79 KB, 470x669, narcissist in the streets.jpg [View same] [iqdb] [saucenao] [google]
15080220

>i always end up selling my profitable options way too soon (VIIX $10 calls day before yesterday) but hold on to my losing options for far too long

whats the best way to avoid this?

also, all in VIX at open, or that ship sailed already?

>> No.15080258

Where do you buy Vix calls and puts? The etfs on Robinhood didn’t really move with the vix yesterday

>> No.15080272

>>15080220
>whats the best way to avoid this? (selling too soon).
See earlier reply:
>>15075653
For many options strategies you want to sell early to increase your winrate. If shorting strangles close for 50% of max profit instead of always trying to collect the full credit and holding to the bitter end. For straddles collect 25% and close or roll at 21 DTE.

The main idea here is to not get greedy but to have a higher winrate, by bringing in regular and consistent profits.


>also, all in VIX at open, or that ship sailed already?
VIX is now above average. Could it go higher yes, but the probabilities are much lower now than when we were buying calls at VIX 12-14 range

>> No.15080296
File: 100 KB, 172x207, robinhood.png [View same] [iqdb] [saucenao] [google]
15080296

>>15080258
>Where do you buy Vix calls and puts? The etfs on Robinhood didn’t really move with the vix yesterday

If you want to trade like a pro, get a real broker like TW, IB, TOS.

>> No.15080447

New thread for today:
>>15080437
>>15080437
>>15080437
>>15080437

>> No.15080616

>>15080296
IB does not have VIX you gaylord