How the fuck are reddit making more money than us?

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How the fuck are reddit making more money than us? Anonymous Mon Mar 16 17:23:44 2020 No.17862532 [Reply] [Original]

>>	Anonymous Mon Mar 16 17:24:56 2020 No.17862573 >>17862532 Stock options retard. God this board is fucking stupid.

>>	Anonymous Mon Mar 16 17:25:49 2020 No.17862607 >>17862573 What are stock options? Explain me like I don't understand the economy.

>>	Anonymous Mon Mar 16 17:27:35 2020 No.17862660 >>17862607 You buy a CALL when you think stock go up. You buy a PUT when you think stock go down. If it goes the way you think, you make money.

>>	Anonymous Mon Mar 16 17:27:39 2020 No.17862664 >>17862607 just browse it retard investopedia explains it to retards like you in a simple way

>>	Anonymous Mon Mar 16 17:30:20 2020 No.17862758 >>17862660 Where do you buy calls/puts?

>>	Anonymous Mon Mar 16 17:30:26 2020 No.17862762 >>17862532 Guess what redditors are more smarterer than you.

>>	Anonymous Mon Mar 16 17:31:27 2020 No.17862794 >>17862660 Also if they reach maturity date they are worthless i heard. Why? You have to sell them before that for massive profits?

>>	Anonymous Mon Mar 16 17:32:12 2020 No.17862812 >>17862758 A stock broker. Robinhood is the easiest to use. It even teaches you how. You have to go into the settings and enable options trading, otherwise you can only buy/sell stocks like normally.

>>	Anonymous Mon Mar 16 17:32:47 2020 No.17862838 >>17862532 Of course. What do you expect? They are not retarded as the people here. They are just gay as fuck.

>>	Anonymous Mon Mar 16 17:32:56 2020 No.17862845 >>17862758 this where can europours buy these things? is there an exchange like binance? pls no bully

>>	Anonymous Mon Mar 16 17:33:46 2020 No.17862874 >>17862532 Living with their parents.

>>	Anonymous Mon Mar 16 17:33:51 2020 No.17862878 >>17862794 Only if the strike price is below the actual price for a call or above for a put. Out of the money (otm).

>>	Anonymous Mon Mar 16 17:34:39 2020 No.17862909 >>17862532 reddit isn't making shit they're all simps wsb are all 100buck investment niggers playing with lunch money

>>	Anonymous Mon Mar 16 17:34:58 2020 No.17862921 >>17862532 Maybe its because you guys are dumb enough to think Trump was going to make you money, and therefor are fucking retarded.

>>	Anonymous Mon Mar 16 17:34:59 2020 No.17862923 >>17862845 Degiro, and you can only buy turbos. Fag.

>>	Anonymous Mon Mar 16 17:35:03 2020 No.17862926 File: 16 KB, 198x225, fran.jpg [View same] [iqdb] [saucenao] [google] >>17862845 BINCK VS DEGIRO?

>>	Anonymous Mon Mar 16 17:35:04 2020 No.17862925 >>17862607 >>17862758 >>17862845 Nigger what the fuck is google

Anonymous Mon Mar 16 17:35:07 2020 No.17862933

>>17862794
If they hit the strike price and you don't have enough cash to buy 100 of the stock at that price, it's worthless. You just lose the money you gambled. Just always sell when before the date. I've just been stacking cash this way. I literally started doing this Febuary 18th and have figured it out. Start small so you get the hang of it first and don't lose a lot of money.

>>	Anonymous Mon Mar 16 17:35:37 2020 No.17862952 >>17862845 >>>17862607 Ive been looking same for uk, i found etoro and plus 500 but they look shit and cant margin trade short

>>	Anonymous Mon Mar 16 17:35:45 2020 No.17862959 >>17862794 If they're worthless do you lose any money? Or do you get refunded your cost

Anonymous Mon Mar 16 17:36:31 2020 No.17862991

>>17862838
Yup. Crypto tards flooded the board until they lost 50% and are now bandwagoning over to options (which reddit has been making more money with than crypto over the past 3 years). The crypto zoomers pushed out all the solid stocks/options/actual business owners that posted here. So now it's just a tard shitshow.

>>	Anonymous Mon Mar 16 17:39:03 2020 No.17863095 >>17862959 are you an idiot? if the option expires out of the money then you are left with nothing but options are tradable before they expire

>>	Anonymous Mon Mar 16 17:40:18 2020 No.17863137 >>17862959 You only lose the money you put in. Just sell it when you made some profit and this wont happen.

>>	Anonymous Mon Mar 16 17:40:30 2020 No.17863144 >>17862532 survivorship bias and larger userbase most of them get fucking just'd on peanut sized trades and provide liquidity for kikes to exit

>>	Anonymous Mon Mar 16 17:41:30 2020 No.17863181 >>17862532 wsb is more like old 4chan than /biz/ is.

>>	Anonymous Mon Mar 16 17:48:59 2020 No.17863475 >>17863181 Then go back

>>	AZ !!IUaWyOlWYGX Mon Mar 16 17:51:30 2020 No.17863554 >>17863475 Okay

>>	Anonymous Mon Mar 16 17:52:07 2020 No.17863587 >>17863475 I'm on both and wsb is making me rich, while most of /biz/ is still busy shilling shitcoins.

>>	Anonymous Mon Mar 16 17:52:10 2020 No.17863591 >>17862660 You turd burglars are only here because your gay forum shut you out. This isn't you new home. You're not welcome here.

>>	Anonymous Mon Mar 16 17:53:30 2020 No.17863648 >>17862532 They don't buy assets, but options, a lot riskier, but the short term payout is a lot higher.

>>	Anonymous Mon Mar 16 17:53:31 2020 No.17863649 >>17863095 Yes I'm an idiot but thanks Anon

Anonymous Mon Mar 16 17:55:51 2020 No.17863736

>>17863475
>>17862838

its fucking crypto fags and "go-backers" that have driven most of the middle class talent from this board. you basically have to get lucky advice from an old fag in a random thread or else its 90% crytpo shilling and people who dont know shit, like OP

>>	Anonymous Mon Mar 16 17:58:48 2020 No.17863831 >>17863181 it's because we're on the same site as nu/pol/ and all these other shitboards. This is what happens

>>	Anonymous Mon Mar 16 18:07:02 2020 No.17864067 >>17863736 It's like playing on hard mode. I like it.

>>	Anonymous Mon Mar 16 18:13:40 2020 No.17864301 >>17863648 >implying /biz/ buys assets this is shitcoin cult club, we believe in computer generated numbers backed by faith company ownership and its derivatives are for boomers

>>	Anonymous Mon Mar 16 18:22:12 2020 No.17864556 >>17863144 high iq post right here confirmed by dubs

>>	Anonymous Mon Mar 16 18:41:19 2020 No.17865115 >>17862532 Admittedly far more organized then this shithole.

>>	Anonymous Mon Mar 16 18:42:43 2020 No.17865153 It’s just the one or two big gainers posting. Everyone else either makes nothing or is losing money.

>>	Anonymous Mon Mar 16 18:43:38 2020 No.17865172 most people here are desperate poor unintelligent people that are gmabling on crypto because its their only shot of ever making any money that is considered significant. Reddit wallstreetbets has a higher average iq than here for sure.

>>	Anonymous Mon Mar 16 18:43:52 2020 No.17865178 >>17862532 so that will make those commie faggots love capitalism.

>>	Anonymous Mon Mar 16 18:44:24 2020 No.17865195 >>17862532 Stock options + willingness to risk losing it all in the span of under 30 days + attention seeking

>>	Anonymous Mon Mar 16 18:54:57 2020 No.17865471 I don't understand why options (can) have such insane returns

>>	Anonymous Mon Mar 16 19:13:49 2020 No.17866013 >>17862758 >>17862794 wtf >>17862573 was right. only brainlets here.

>>	Anonymous Mon Mar 16 19:15:43 2020 No.17866065 >>17865172 yeah but this is where the IQ outliers are makes it more interesting if you don't need the pseud advice or discussion of 120 "intellectuals" (ie anything you can just look up on google)

>>	Anonymous Mon Mar 16 19:18:58 2020 No.17866138 >>17863181 you were never in old 4chan

>>	Anonymous Mon Mar 16 19:19:21 2020 No.17866151 Every financial instrument that isn't buying or selling exists to be manipulated, the further the abstraction the easier it is to manipulate. Time in the market etc

Anonymous Mon Mar 16 19:20:00 2020 No.17866179

>>17865471
Because if the equity price goes below your strike, you lose all your money. Stocks are basically safer, in terms of if you the stock drops below you just some %. However in simple terms, if that happens in options you lose 100%. So higher risk, higher reward. Now I'm simplifying, you can spread your risk with tactics and selling options instead of exercising etc.

>>	Anonymous Mon Mar 16 19:20:46 2020 No.17866204 File: 63 KB, 506x507, xd.jpg [View same] [iqdb] [saucenao] [google] >>17865195 >buying puts in 2020 >willingness to risk losing it all THIS SHIT HAS NEVER BEEN EASIER

>>	Anonymous Mon Mar 16 19:24:11 2020 No.17866296 >>17865178 Ok r/thedonald

>>	Anonymous Mon Mar 16 19:25:20 2020 No.17866333 >>17866138 I've been here for 15 years. nu-4chan is full of literally boomers from facebook.

>>	Anonymous Mon Mar 16 19:27:53 2020 No.17866425 >>17862909 >lunch money >those retards regularly post their 5-7 figure gains and 6 figure losses WSB is watching a casino happen in real time

>>	Anonymous Mon Mar 16 19:35:54 2020 No.17866726 File: 84 KB, 640x405, 252F4D24-6C43-4DC7-9EA9-3C0D1F7D0D92.jpg [View same] [iqdb] [saucenao] [google] >>17866425 I’m fucking fuming

>>	Anonymous Mon Mar 16 19:37:59 2020 No.17866815 >>17866425 I can garun fucking tee you the aggregate gains from LINK on this board dwarf everything they've made on options 2x over, even ignoring all the losses that weren't posted it is not close fuck off and go back

>>	Anonymous Mon Mar 16 19:44:50 2020 No.17867026 File: 236 KB, 2079x1451, ESwpiRhU8AAnC8q.jpg [View same] [iqdb] [saucenao] [google] >>17866815 I wouldn't be so sure of that, they have some high rollers.

>>	Anonymous Mon Mar 16 19:45:50 2020 No.17867049 >>17862532 simple, they're investing in zano

>>	Anonymous Mon Mar 16 19:47:14 2020 No.17867091 File: 55 KB, 601x473, 1583473863391.jpg [View same] [iqdb] [saucenao] [google] Don't worry once the market reverses the shorting gains will be taken back

>>	Anonymous Mon Mar 16 19:47:24 2020 No.17867096 >>17866726 For every one of those posters there’s probably 10 GUHposters that won’t admit their mistakes >>17866815 Imagine coping this hard over leddit

>>	Anonymous Mon Mar 16 19:48:53 2020 No.17867135 >>17867096 Cope. There are too many posts there of people turning 3 numbers to 6 numbers. I rarely see the same here

Anonymous Mon Mar 16 19:50:09 2020 No.17867160

>>17867026
You realize anyone who bought link under 50 cents even with the crash still has made more money just by holding it than the person you posted, right? At one point when I was a newfag and thought LINK was a meme it was 12 cents. Kicking myself in the ass for not buying it at that but imagine that.

At current levels that's more than 1000% in two years, with 0 effort just holding. It's not much but I'm still up 100% on mine

>>	Anonymous Mon Mar 16 19:51:03 2020 No.17867188 >>17862794 just get the fuck out of here and go to youtube

Anonymous Mon Mar 16 19:52:56 2020 No.17867253

>>17867135
I’m not the one arguing against them. They actually post their gains going all in so at least they’re trustworthy compared to shitcoin salesmen. Just saying there’s probably a lot of newfags on there that all in on a call and go full GUH but don’t post about it out of embarrassment. It may be wsb but it is Reddit

>>	Anonymous Mon Mar 16 19:53:33 2020 No.17867268 >>17862532 They arent

>>	Anonymous Mon Mar 16 19:54:06 2020 No.17867280 WELL DID HAVE THE BALLS TO BUY 10 SPY 230 PUTS BEFORE CLOSE TODAY?

>>	Anonymous Mon Mar 16 19:54:50 2020 No.17867301 >>17867160 The difference is that people who buy crypto don't invest a significant amount. Nobody with real money would gamble it in an environment with so much fraud and instability.

>>	Anonymous Mon Mar 16 19:56:01 2020 No.17867337 >>17867280 I'm buying some April 17 spy 100 puts

>>	Anonymous Mon Mar 16 19:57:55 2020 No.17867392 >>17863144 This. The majority of this board has no business playing stock markets, let alone options. A put going the wrong way can fuck you harder than crypto ever could

>>	Anonymous Mon Mar 16 19:58:22 2020 No.17867404 >>17867337 not a bad idea. I'm nervous of trumps airline/oil idea, otherwise it'd be fool proof. I already have one. bought it before the retarded rally last friday. already up 50%

>>	Anonymous Mon Mar 16 19:59:33 2020 No.17867434 >>17867404 Gonna wait for the dead cat bounce tomorrow and scoop up a few contracts

>>	Anonymous Mon Mar 16 20:00:08 2020 No.17867447 >>17862664 Investopedia is advice for midwits and by midwits. Case in point, the lottery page.

>>	Anonymous Mon Mar 16 20:01:22 2020 No.17867478 >>17867301 That’s just wrong. I was about 80% crypto at one point back in 2016. I know plenty of people from /biz/ on the discord servers were too

>>	Anonymous Mon Mar 16 20:02:16 2020 No.17867496 >>17862845 call your bank and talk to an advisor, that's what I did today. Got some really helpful advice and got a trading account set up as well

>>	Anonymous Mon Mar 16 20:06:27 2020 No.17867576 >>17867478 80% of what? My first stock investment was $60k, my first options play was $20k.

>>	Anonymous Mon Mar 16 20:08:55 2020 No.17867620 >>17862812 What stockbroker app would you recommend for an Ausfailian? Robin hood isn't available in my country

>>	Anonymous Mon Mar 16 20:09:22 2020 No.17867637 >>17867576 Back then i had 20k. So about 16k was in crypto. From that I had 40% btc 40% eth and 20% assortment of shitcoins

Anonymous Mon Mar 16 20:09:28 2020 No.17867640

What other people ITT have said. Posters on this board are fucking stupid and don't have a clue about what they're talking about or doing. I'm pretty sure Reddit finance boards will have educational resources for people to study. It's not surprising at all that Reddit blows /biz/ out of the water. Every time I come to /biz/, which is rarely, I hope to find some peers I can have a discussion with. And I never find them.

This board is worse than useless.

>>	Anonymous Mon Mar 16 20:10:59 2020 No.17867676 >>17867253 >>17867096 >>17867135 Options (derivatives, in fact) are a zero sum game. For someone to make 50k, someone has to lose 50k. Or 50 guys have to lose 1k.

>>	Anonymous Mon Mar 16 20:11:26 2020 No.17867690 >>17867640 there's no point yelling out clever shit in a crowd of retards, just enjoy the degeneracy like the rest of us

>>	Anonymous Mon Mar 16 20:12:41 2020 No.17867718 >>17867640 The only intelligent thread in this board are precious metals generals (gold, silver, etc). They are way ahead. Unless you're talking about how to make money on casinos, then of course you shouldn't buy precious metals.

>>	Anonymous Mon Mar 16 20:13:03 2020 No.17867736 >>17867637 16k is child's play in the finance world. I went to school with trust fund kids that were investing that much in high school. People with that kind of real money don't gamble it on crypto, they gamble it in the stock market.

>>	Anonymous Mon Mar 16 20:13:23 2020 No.17867745 >>17867337 >>17867404 >>17867280 Been learning about options. Can you guys recommend some contracts for a beginner?

>>	Anonymous Mon Mar 16 20:14:07 2020 No.17867762 >>17863181 Whats wsb?

>>	Anonymous Mon Mar 16 20:14:49 2020 No.17867784 >>17867745 Just fukin place PUTS on all airliners and become a millionaire.

>>	Anonymous Mon Mar 16 20:15:36 2020 No.17867797 >>17867762 /r/wallstreetbets

>>	Anonymous Mon Mar 16 20:15:42 2020 No.17867803 >>17867640 I blame memecoin bullshit. I wish those dumb faggots had their own board.

Anonymous Mon Mar 16 20:16:14 2020 No.17867814

>>17867745

the cheaper the stock the cheaper the option price.

PLUG is a fun one. they're going down. my $3 puts are up 150% right now.

I strongly recommend learning EXACTLY how buying/selling puts/calls work before playing with them. Selling a call or a put can be its own strategy, just like selling covered calls/puts, and using debit/credit spreads

If you just wanna play around on a few dollars though, pick a cheap stock, and hop in.

>>	Anonymous Mon Mar 16 20:16:22 2020 No.17867816 I think we all fucked off from biz after crypto went down. You can definitely make more money via calls and puts.

>>	Anonymous Mon Mar 16 20:17:11 2020 No.17867838 >>17867784 That's borderline retarded now especially with trump saying they would for sure bail out the airlines if needed

>>	Anonymous Mon Mar 16 20:18:41 2020 No.17867882 File: 364 KB, 1242x2688, thanksreddit.png [View same] [iqdb] [saucenao] [google] Thanks Reddit!

>>	Anonymous Mon Mar 16 20:19:13 2020 No.17867900 >>17867814 How far down do you think PLUG will go? 1.50?

>>	Anonymous Mon Mar 16 20:19:15 2020 No.17867901 >>17867784 You're like a month late to the party.

>>	Anonymous Mon Mar 16 20:20:29 2020 No.17867930 Both a 4chan regular and /r/wsb regular here. Though on 4chan I only stick with /v/ and /vg/. Options are great.

>>	Anonymous Mon Mar 16 20:21:41 2020 No.17867956 >>17867640 didn't read, never selling

>>	Anonymous Mon Mar 16 20:22:01 2020 No.17867960 File: 24 KB, 761x412, portfolio.jpg [View same] [iqdb] [saucenao] [google] Both a 4chan regular and /r/wsb regular here. Though on 4chan I only stick with /v/ and /vg/. Options are great.

>>	Anonymous Mon Mar 16 20:22:34 2020 No.17867976 >>17862845 Trade Republic in Germany, even has proper options on e.g. DAX

>>	Anonymous Mon Mar 16 20:25:23 2020 No.17868050 >>17867960 >past month holy shit, I regret not dumping more money into options. It's been absurdly predictable these last few weeks.

>>	Anonymous Mon Mar 16 20:26:30 2020 No.17868076 What would be a good date range for buying puts on SPY?

>>	Anonymous Mon Mar 16 20:26:53 2020 No.17868089 >>17867392 this. this. this. you actually have to have a lot of money to even be able to really make options plays profitable and the lose rate is closer to casino odds as opposed to just investing in blue chip cryptos and finance of the future.

>>	Anonymous Mon Mar 16 20:27:38 2020 No.17868119 >>17867960 Do you know what you're doing or are you a lucky retard? WSBgod is a retard for example

Anonymous Mon Mar 16 20:27:44 2020 No.17868123

>>17868050
My biggest fuckup, as you can see, is not expecting the Trump pump on his Friday speech. But it has been fairly consistent that a green close leads to a red opening the following day, so I kept my puts to great results. Had I held off until EOD to buy my puts, I would be at 400k now.

Anonymous Mon Mar 16 20:28:38 2020 No.17868148

crypto is a pyramid scheme where memecoiners with $500 (i.e. all their money) in dumbass fraudulent currencies shill it as hard as they can on the internet in hopes they can pump the price by 1 cent where they will inevitably fall to their weak hands and sell

analyzing stock markets requires a rudimentary understanding of the real world, which a bunch of basement dwelling pajeets are scant to understand

>>	Anonymous Mon Mar 16 20:29:35 2020 No.17868173 >>17868123 post positions or ban

>>	Anonymous Mon Mar 16 20:29:41 2020 No.17868175 >>17868089 It's not really worse than trading shitcoins, but yeah you really shouldn't be gambling your student loans on it.

>>	Anonymous Mon Mar 16 20:29:51 2020 No.17868192 >>17867960 I actually made this much percentage wise but being a broke poorfag sucks, good for you on making yourself a nice home, I turned 50 into 2480

Anonymous Mon Mar 16 20:30:28 2020 No.17868209

>>17868119
I understand what I'm doing, and I don't do ridiculous plays like WSBGod did in his initial run. He more or less bought way out and got a jackpot. I've been doing it for 2 years now, but only started getting serious about it in late february when shit started to hit the fan.

>>	Anonymous Mon Mar 16 20:31:10 2020 No.17868231 Things is when you hit it big with crypto can you even get your money out. Exchanges are constantly fucking over thier customers

>>	Anonymous Mon Mar 16 20:31:38 2020 No.17868246 >>17867392 Well in that you lose your premium nothing else so I guess if you paid a big enough premium yeah

>>	Anonymous Mon Mar 16 20:32:28 2020 No.17868263 >>17862532 /biz/ is a one trick crypto pony, and the pony died

>>	Anonymous Mon Mar 16 20:32:30 2020 No.17868265 99% of them are flushing their life savings down the toilet le 1% gets upvoted meanwhile every /biz/ bro unironically makes it

Anonymous Mon Mar 16 20:32:42 2020 No.17868273
File: 60 KB, 752x713, position.jpg [View same] [iqdb] [saucenao] [google]

>>17868173
This is all I'm holding overnight right now. I am moderately confident of a green open, barring hugely negative overnight news. I plan on selling shortly after open and then looking for a good place to buy back in, depending on the day's direction.

>>	Anonymous Mon Mar 16 20:33:04 2020 No.17868280 >>17862758 you don't "buy" calls or puts. when you select the trade you right click. it's an entirely separate process

>>	Anonymous Mon Mar 16 20:33:34 2020 No.17868292 >>17868192 2480k still buys a perfectly decent home

>>	Anonymous Mon Mar 16 20:34:15 2020 No.17868308 >>17862532 WSB redditors are smarter than your average redditor. 4chan is mostly lazy neets, so even if they're smart they'll be more drawn to something like crypto that involves minimal effort and risk.

>>	Anonymous Mon Mar 16 20:34:27 2020 No.17868319 >>17868273 Bruh. You're fucked

>>	Anonymous Mon Mar 16 20:34:28 2020 No.17868318 >>17868273 I forgot to mention, I bought in at three points for those calls, 10 at 3:47, 20 at 3:59.18 and then 15 more at 3:59.57.

Anonymous Mon Mar 16 20:34:51 2020 No.17868334

>>17867900

no one knows. i'm expecting everything to keep dropping. the US workforce hasn't even gotten completely sick yet. a lot of people have work off. PLUG follows the NASDAQ pretty closely, so even if the companies doing great it follows the market down anyway.

DESU i was happy to see it go below 3 for my puts

Anonymous Mon Mar 16 20:34:56 2020 No.17868337

>>17862532
because crypto is a confirmed scam with zero real world adoption. at least options traders are gambling on real companies with real revenue in a regulated market. crypto is nothing but a handful of whales controlling the market while a bunch of indians and neets trying to scam each other. sad.

>>	Anonymous Mon Mar 16 20:34:58 2020 No.17868340 >>17868273 Have you just been playing SPY? I dumped all mine today. Only thing I'm (bag)holding are DIS Puts and some TVIX. Hoping for a nice pump to 255 tomorrow to buy back in.

>>	Anonymous Mon Mar 16 20:36:03 2020 No.17868364 File: 9 KB, 249x189, 00F943DF-DFDC-49AB-A343-151BF889A305.jpg [View same] [iqdb] [saucenao] [google] >>17863591 >he thinks he matters

Anonymous Mon Mar 16 20:36:16 2020 No.17868369

>>17868209
How can I understand? Just read a fat textbook about options? Do you have any reason to believe more generally intelligent people do better at this? If it's not beatable through study and high IQ what's the point, if you're flipping coins with the other retards you'll lose it all back

>>	Anonymous Mon Mar 16 20:37:07 2020 No.17868392 >>17863181 biz is full of oldfags. We’ve already placed our bets and shitpost pretending, or not pretending, to be retards. Time will tell. It’s us, a handful of newfags, and actual pajeet scammers most of the time. It’s a tourist trap now.

>>	Anonymous Mon Mar 16 20:37:46 2020 No.17868413 >>17868319 he can buy both of us

Anonymous Mon Mar 16 20:38:34 2020 No.17868428

>>17868340
I only play SPY. Indexification of the market makes me avoid individual company plays. Might as well stick with SPY for better liquidity. Even good prospects can just fuck you over with general market moves. Playing earnings you might as well go to a casino unless you have insider knowledge of some sort, as an industry expert or otherwise.

>>17868319
There is a risk I will be wrong, but I think there is a good chance of opening green. Remember I have no plan or desire to hold until the actual expiration date.

>>	Anonymous Mon Mar 16 20:39:02 2020 No.17868445 >>17868392 I'm convinced most of the oldfags have left for their original boards, I know I did. I only come back for the occasional /smg/ thread during happenings.

Anonymous Mon Mar 16 20:39:50 2020 No.17868463

I'm always looking for the next play but I think what I'm gonna do next is buy puts on AMC and CINE and the big movie studios like Sony and Viacom and 2the century fox. Their earnings are gonna be god awful over the next few quarters and theres a great chance theatre's are gonna be closed via government order which would hurt movies and movie theaters a lot. One mans opinion

>>	Anonymous Mon Mar 16 20:40:00 2020 No.17868469 >>17868428 >>17868273 Also why the fuck are you still on RH? They cucked me out of a $30K gain when their servers went to shit the other week and made it into a $10K loss cause I couldn't sell at open ;_; ToS is my new friend

>>	Anonymous Mon Mar 16 20:40:03 2020 No.17868470 File: 208 KB, 1920x1040, Merket.png [View same] [iqdb] [saucenao] [google] >>17868428 Are you following the mindset that Closes on 15m candle in red, open will be green like it's been for last week?

>>	Anonymous Mon Mar 16 20:40:39 2020 No.17868486 >>17868273 I'm not gonna mess around with calls in this environment, not for a few months at least.

>>	Anonymous Mon Mar 16 20:41:42 2020 No.17868514 >>17868469 TDA cucked me out of $10k just this morning. I don't know where to go anymore.

>>	Anonymous Mon Mar 16 20:41:58 2020 No.17868521 File: 146 KB, 1241x649, bothsides.jpg [View same] [iqdb] [saucenao] [google] >>17868428 I've been playing SPY exclusively too. I've found buying puts and calls a little ways out gives me profit on both ends. It's literally free money lmao

Anonymous Mon Mar 16 20:43:07 2020 No.17868545

>>17868369
what is there to understand?
there are two options, call and put
they have a strike price, say 100 (call100 & put100)
underlying > 100 means call100 option is in the money, put100 worthless
underlying < 100 means put100 option is in the money, call100 worthless
this applies at the expiry date
before the expiry date options have a "premium", an added cost, which is mostly based on volatility + time: the risk of the option being in the money at expiry plus then some

one option is for 100 underlying shares, which is where the massive gearing comes into play
buy call100 option for 101 -> underlying is 102 at expiry -> you gain 1 dollar * 100 = 100 dollars

>>	Anonymous Mon Mar 16 20:43:08 2020 No.17868546 >>17868521 Congrats! You discovered straddles

>>	Anonymous Mon Mar 16 20:43:08 2020 No.17868547 File: 108 KB, 750x758, F6047963-627C-4D10-9D6A-7146A6EAD5D9.jpg [View same] [iqdb] [saucenao] [google] Lol

Anonymous Mon Mar 16 20:44:19 2020 No.17868574

>>17868470
It's the pattern right now, but patterns always break eventually. I'm in calls overnight tonight in part because of that, but also because generally huge down days are followed by green days.

>>17868469
I've been thinking about moving off RH because of the instability and shit coding (lol forgot leap years exist), but every time I've been prevented from selling due to an issue has worked out better for me so far. Once the volatility settles down I'll move off of it.

>>	Anonymous Mon Mar 16 20:46:03 2020 No.17868614 >>17868574 Do you mostly play weeklies then vs monthlies?

>>	Anonymous Mon Mar 16 20:46:29 2020 No.17868626 >>17868546 I'm making more with this shit than I ever did with crypto. It's literally all thanks to reddit too. Would have never guessed it would be them that come through for me.

Anonymous Mon Mar 16 20:46:36 2020 No.17868628

>>17867301
>Nobody with real money would gamble it in an environment with so much fraud and instability.
you have no idea
go play with you boomer stock options wsb attention hoe
we are on the forefront of a new decentral economy, while you are busy getting robbed by robinhood

>>	Anonymous Mon Mar 16 20:47:23 2020 No.17868650 >>17867301 go back

>>	Anonymous Mon Mar 16 20:48:30 2020 No.17868674 >>17868626 Only nice thing with crypto in 2017 was you could buy into any ICO and get a 500% gain

Anonymous Mon Mar 16 20:48:53 2020 No.17868683

>>17862607
Options give you the 'option' to buy or sell a bundle of stocks.
So you buy a call option and you have the option to buy a stock at a certain price before a certain date.
You buy a put option and same thing, but you have option to sell at a certain price.

You don't have to actually own the stocks though. You can just trade options themselves. The reason options are so useful are

1) You can make money on the stocks going down or up, you pick the direction.
2) You can choose how much risk to take on. Bet on big moves in price and you can see a few hundred or even a thousand percent returns.
3) You gain leverage with options, because the option contract isn't for 1 stock, it's (generally) for 100. This means that big swings in the stock price will have a much bigger impact on the value of your options.
4) You can execute much more advanced strategies using combinations of options that let you profit from almost every market scenario. Whatever the market is doing, you can win if you execute the right strategy. You're not the market's bitch, you can make the market your bitch.
5) Black people don't trade options.

Downsides are:
1) If you invest in stocks you can sometimes lose like 50% or more on like a really bad day (people right now who own stocks). Unless you're trading penny stocks though, it's pretty unlikely you'll lose 100%. Options can become completely worthless much more easily.
2) Your options become can become less valuable over time because they have an expiry date. Its' not enough to say 'this will go up' or 'this will go down' you have to be able to predict when this will happen. Options further away from expiry cost more money, so you pay extra to buy yourself more time.

>>	Anonymous Mon Mar 16 20:49:16 2020 No.17868693 Why is SPX making a runner?!

>>	Anonymous Mon Mar 16 20:53:19 2020 No.17868779 >>17868674 Yes, but by 2018 is was way more risky. Now that was fucking gambling, man. I'll never forget those times on /biz/ but this is truly great.

>>	Anonymous Mon Mar 16 20:58:11 2020 No.17868910 >>17868547 $70 drop to SPY in 2 days. What are you expecting a fucking meteor ? Big respect though cowboy.

>>	Anonymous Mon Mar 16 20:59:26 2020 No.17868937 File: 1.13 MB, 665x987, 65424525665.png [View same] [iqdb] [saucenao] [google] AHHHHH I DONT UNDERSTAND ANY OF THIS

>>	Anonymous Mon Mar 16 21:03:00 2020 No.17869039 >>17868937 Hang out and learn. Ask questions.

>>	Anonymous Mon Mar 16 21:03:40 2020 No.17869062 >>17868910 just sell before it expires. some dumb nigger will buy it they always do

>>	Anonymous Mon Mar 16 21:03:49 2020 No.17869065 I refuse to believe Reddit is making more money than 4chan.

>>	Anonymous Mon Mar 16 21:04:32 2020 No.17869082 >>17868628 The people with real money aren't gambling, they're the whales that are manipulating your markets.

>>	Anonymous Mon Mar 16 21:04:36 2020 No.17869083 >>17868910 Ty king, Ill keep you in my prayers for humoring my silliness

>>	Anonymous Mon Mar 16 21:04:47 2020 No.17869087 File: 955 KB, 1272x709, 9a9ecf3e138f57673b4a43d750dee227.png [View same] [iqdb] [saucenao] [google] >>17869065 I promise you they are. I didn't want to believe it either, but now I'm with them and caking it.

Anonymous Mon Mar 16 21:05:45 2020 No.17869114
File: 881 KB, 1500x1500, 1577039971437.png [View same] [iqdb] [saucenao] [google]

>>17862607
>Explain me like I don't understand the economy.
You don't, and touching options will just cause you to lose money. A lot of money. So go pick up a book and learn with your fucking brain before you touch such magics

>>	Anonymous Mon Mar 16 21:05:47 2020 No.17869116 >>17867301 This has to be bait

>>	Anonymous Mon Mar 16 21:05:58 2020 No.17869120 >>17862532 go back to r*ddit nigger

Anonymous Mon Mar 16 21:06:31 2020 No.17869135

>>17862532
Get this gay thread off. Of course they are making more money. They have over a million subscribers. Biz maybe has at most 100k unique visitors.

They have ten times more people and their community is all or nothing high leverage bets. 4chan has still made much more mega millionaires despite this and will continue to do so.

>>	Anonymous Mon Mar 16 21:09:14 2020 No.17869201 >>17868545 I don't mean basic mechanics I mean strategy and encyclopedic knowledge of all the greeks etc

>>	Anonymous Mon Mar 16 21:09:58 2020 No.17869222 >>17869135 Cope. They are absolutely putting us to shame right now

>>	Anonymous Mon Mar 16 21:10:47 2020 No.17869240 >>17869083 Honestly, this is a once 10-20 year opportunity. Maybe once in a lifetime. Go after your dreams king.

Anonymous Mon Mar 16 21:11:47 2020 No.17869265
File: 550 KB, 728x720, 1436116194371.gif [View same] [iqdb] [saucenao] [google]

Best advice I can give to /bizzers/ looking to become a millionaire.

Short on XLE, short on JNK -- you want to get into the high yield energy bonds. You want a hedge as well and right now is a good time to buy in on them so go long on VIX and long on TLT for 30 year treasurys which are real cheap right now yields are very low so you can buy them cheap at historically low yields so don't miss this chance.

>>	Anonymous Mon Mar 16 21:12:15 2020 No.17869277 Fucking bullshit Canada you can't even trade options unless you have 25k, to begin with. Robinhood doesn't exist here. What a joke. And people wonder why crypto trading is so big, ease of use and entry.

>>	Anonymous Mon Mar 16 21:13:02 2020 No.17869300 >>17868937 >>17869039 they dont either. most of it is copy paste

>>	Anonymous Mon Mar 16 21:13:24 2020 No.17869308 >>17869039 Appreciate your post. I am intrigued and yet How much is there to learn for an absolute noob? Are these puts / calls decisions solely based on news? >>17869277 Where brokerage is this in Canada

>>	Anonymous Mon Mar 16 21:14:10 2020 No.17869317 File: 586 KB, 1000x1000, feawef.png [View same] [iqdb] [saucenao] [google] >this many unironic redditors outing themselves GET THE FUCK OUT

>>	Anonymous Mon Mar 16 21:14:12 2020 No.17869318 >>17869308 Qtrade, Interactive Brokers

>>	Anonymous Mon Mar 16 21:15:07 2020 No.17869341 >>17869277 >>17869277 >Fucking bullshit Canada you can't even trade options unless you have 25k, to begin with. Huh? Never heard of that anon

>>	Anonymous Mon Mar 16 21:15:35 2020 No.17869350 Are options even worth it right now considering how high the premiums are?

Anonymous Mon Mar 16 21:18:06 2020 No.17869403

>>17867745

I'm gonna be real with you anon. Now is a TERRIBLE time to try to enter. Yes, it seems that right now you can just say "stock goes down, next week." and you MAY be right. But if next week comes and stocks go sideways and not down? you've lost ALL your money. it's not just "cant lose money if you dont sell," its "I was $3 dollars off my guess and its completely worthless and I lost $2k"

>>	Anonymous Mon Mar 16 21:19:16 2020 No.17869425 >>17869350 Calls are very worth it. Expect a bulltrap any day now. Quarterly reports end of march. Gonna make so much fucking money

>>	Anonymous Mon Mar 16 21:19:46 2020 No.17869435 >>17869318 wrong. you are thinking of writing options or selling to open. You can trade contracts (BTO/STC). I wasconfused about this too. >t. Qtrade w/ $3k USD funds loaded in my TFSA

>>	Anonymous Mon Mar 16 21:20:15 2020 No.17869443 File: 38 KB, 350x451, reddit_scare.jpg [View same] [iqdb] [saucenao] [google] You need to go back.

Anonymous Mon Mar 16 21:20:48 2020 No.17869458

>>17869201
well this isn’t really the place, investopedia is a usable resource for such things
https://www.investopedia.com/trading/getting-to-know-the-greeks/
as for strategy all the people in this thread just buy options hoping for significant price movements in the underlying share or index. this strategy is basically gambling.
Another strategy is a straddle, in which you buy both a call and a put. This is what you’d might do if you’re expecting something to either moon or tank, but not go sideways. any particular strategies or greeks you have questions about?

>>	Anonymous Mon Mar 16 21:22:32 2020 No.17869491 >>17869341 What's for the US? Do you need 20k to get into stocks?

>>	Anonymous Mon Mar 16 21:22:58 2020 No.17869497 >>17869350 generally no, unless you’re selling options. don’t sell naked options unless you’re fucking crazy though

>>	Anonymous Mon Mar 16 21:23:19 2020 No.17869510 Y'ALL FAGGOTS IS WHY >>Y'ALL FAGGOTS IS WHY Y'ALL FAGGOTS IS WHY >>Y'ALL FAGGOTS IS WHY

Anonymous Mon Mar 16 21:23:34 2020 No.17869516

>>17869403
That's why you don't buy options that expire next week. I never hold options to expiration and the volatility gives me plenty of chances to exit with ridiculous profits. Just need control your emotions and make sure you don't get too greedy.

>>	Anonymous Mon Mar 16 21:25:02 2020 No.17869543 Answer: moderation = less pajeets and retards like me spamming

>>	Anonymous Mon Mar 16 21:26:23 2020 No.17869572 >>17868683 thank you anon

Anonymous Mon Mar 16 21:26:34 2020 No.17869579

>>17869403
All of the contracts are technically independent so certain dates can be mooning while others fall right? Does this happen in practice? Is there any normal logical pattern?

You can still make money buying OTM and selling it OTM if the underlying stock is swinging your way right? Is this less profitable than other kinds of strategies? And who would ever buy options that are deeply ITM, seems like it defeats the purpose of options. Or are there good profits doing that too? Are these options 101 questions any book would answer?

>>	Anonymous Mon Mar 16 21:27:50 2020 No.17869605 >>17869491 Only thing I've heard is $25K in the US for pattern day trading Never heard of any such regulation for Canada

Anonymous Mon Mar 16 21:30:17 2020 No.17869657
File: 128 KB, 808x1200, monkey.jpg [View same] [iqdb] [saucenao] [google]

>>17869308
Lots to learn, you're better off not touching options when you first start. Learn about how stocks work first.

If you like to follow the news, like learning about the economy and how the world works, have a decent amount of self-discipline and self-control though it's a decent hobby/side hustle for making good money.

I'm not wealthy but I've made more trading options this month than I make at my job. That's abnormal though.

>>	Anonymous Mon Mar 16 21:45:59 2020 No.17869988 They are shilling their gains on robinhood too hard today, I'm starting to believe those are paid posts, and robinhood might try to exit scam on people in this dying fucking market.

>>	Anonymous Mon Mar 16 21:51:14 2020 No.17870103 >>17869988 Seems legit to me. Fucking everybody knew the market was going down today.

>>	Anonymous Mon Mar 16 21:51:19 2020 No.17870106 File: 152 KB, 808x805, 1513199525152.jpg [View same] [iqdb] [saucenao] [google] >>17869988 Or you know, they just bought puts on friday and sold them today during the dip imagine that

>>	Anonymous Mon Mar 16 22:01:11 2020 No.17870325 Is there a alternative to robinhood for europoors that's decent?

>>	Anonymous Mon Mar 16 22:04:08 2020 No.17870400 >>17869988 They're a big American tech company backed by VC they can't just exit scam, they're not in fucking Malta, Isle of Man, Bermuda etc they could fail though obviously

>>	Anonymous Mon Mar 16 22:07:54 2020 No.17870476 >>17862532 Pro tip they're not. It's a bunch of LARPers and sometimes you'll get the geniune post of some nerd making it. Most people don't make it thus they never post.

>>	Anonymous Mon Mar 16 22:11:49 2020 No.17870570 >>17867797 What's /r/?

>>	Anonymous Mon Mar 16 22:16:41 2020 No.17870675 >>17869317 You dumb cunt, im gonna say 90% of 4chans users use leddit too, its always been like this. Stop outing yourself a newfag

>>	Anonymous Mon Mar 16 22:16:46 2020 No.17870677 wow crazy how rich everyone on reddit is

>>	Anonymous Mon Mar 16 22:21:57 2020 No.17870802 >>17862532 Well I think you've been using this board wrong, you supposed to do the opposite of everything this board tells you to. Since it's full of scammers you usually do the opposite.

>>	Anonymous Mon Mar 16 22:25:37 2020 No.17870886 >>17868683 Why not use leverage though?

>>	Anonymous Mon Mar 16 22:26:47 2020 No.17870921 >>17863587 > wsb is making me rich Please elaborate. Also how do you navigate that site? Reddit format is shit for live updates

>>	Anonymous Mon Mar 16 22:29:03 2020 No.17870962 >>17869579 Can anyone answer pls

>>	Anonymous Mon Mar 16 22:29:42 2020 No.17870973 Let me put it in a way that all of you can understand without racking your brain in a tizzy. WSB = Chad /Biz/ = Cletus

>>	Anonymous Mon Mar 16 22:30:25 2020 No.17870991 >>17869135 Lol @ this cope. 100k visitors? 4chan itself gets less than 100k visitor as a whole. Look at how slow these boards move u retard lmao https://www.trackalytics.com/website/4chan.org/

Anonymous Mon Mar 16 22:36:35 2020 No.17871121

>>17870921
It's just like any board on 4chan. At first you'll only see retarded shit but lurk long enough and you'll sift your way past the boku no picos of stocks and find genuinely good ideas. I've been using the old site format but I don't really go there for live updates.

>>	Anonymous Mon Mar 16 22:57:06 2020 No.17871519 >>17862991 >newfag larping as oldfag This board was created to contain crypto shitposting on /g/. It was literally never good.

>>	Anonymous Mon Mar 16 23:00:07 2020 No.17871565 >>17871519 It wasn't that bad when it was first created. Still retarded, but there was more variety in their get-rich-quick schemes.

>>	Anonymous Mon Mar 16 23:00:43 2020 No.17871576 >>17862607 >the absolute state of this board kek

>>	Anonymous Mon Mar 16 23:06:57 2020 No.17871679 >>17867640 Coinfags killed this board.

>>	Anonymous Mon Mar 16 23:09:09 2020 No.17871728 >>17867640 The other reddit finance boards are just as retarded if not worse than /biz/. wsb is the only decent one. I'm not even exaggerating, look at the retards on /r/investing who think they can outsmart Buffett.

>>	Anonymous Mon Mar 16 23:09:48 2020 No.17871743 >>17871679 “Coinfags” made this board retard

>>	Anonymous Mon Mar 16 23:10:07 2020 No.17871747 Where can euros trade murican options?

>>	Anonymous Mon Mar 16 23:13:29 2020 No.17871801 >>17871743 >he didn't browse /biz/ since before 2014 Stay poor.

Anonymous Mon Mar 16 23:20:15 2020 No.17871943

>>17868463
This could actually be a reason to buy calls on those companies. They’re about to shed their wasteful labor and high expenditure theatre costs but because lots of people will be home watching (((netflix))) then those companies could see expenditures drop but users grow. I could be wrong tho.

>>	Anonymous Mon Mar 16 23:23:21 2020 No.17872001 >>17863181 Yeah the humor is as cringe as old 4chan was I'll give you that, but getting banned for expressing a wrong opinion or saying bad words is not. Go back and don't forget to kill yourself on the way out.

>>	Anonymous Mon Mar 16 23:31:10 2020 No.17872134 >>17872001 You don't get banned for opinions on wsb, you get banned for shilling penny stocks. That's why /biz/ is shit now, there's nobody left but shitcoin shills.

>>	Anonymous Mon Mar 16 23:32:09 2020 No.17872147 >>17869435 Can you elaborate the difference? I read this on reddit in many threads. Are you able to margin trade options with just $3k in your account?

>>	Anonymous Mon Mar 16 23:53:46 2020 No.17872499 >>17866013 >knowledge = IQ retard

>>	Anonymous Mon Mar 16 23:57:10 2020 No.17872565 >>17872499 problem solving = iq knowledge = memory ignoramus

>>	Anonymous Mon Mar 16 23:57:52 2020 No.17872585 >>17869087 Post proof otherwise I don't believe you. No way plebbits make more money than channers.

>>	Anonymous Mon Mar 16 23:59:36 2020 No.17872611 >>17872134 they should make a crypto board

>>	Anonymous Tue Mar 17 00:02:11 2020 No.17872648 >>17872611 I don't even mind crypto, but there's way too much blatant shilling and retards fall for it every time.

>>	Anonymous Tue Mar 17 00:03:36 2020 No.17872675 >>17872611 >they should make a crypto board This This This.

>>	Anonymous Tue Mar 17 00:04:14 2020 No.17872687 You should put your ego to the side and beusing both 4chan and reddit and any other websites you can when it comes to making money. Crypto isn't going anywhere but if you're only investing in one market you're doing this all wrong.

>>	Anonymous Tue Mar 17 00:06:09 2020 No.17872713 y'all posting in a reddit containment thread niggas.

>>	Anonymous Tue Mar 17 00:15:47 2020 No.17872869 File: 130 KB, 1080x2160, Screenshot_20200317-001502.png [View same] [iqdb] [saucenao] [google] >>17862532 What makes you think they're making more money than us?

>>	Anonymous Tue Mar 17 00:18:01 2020 No.17872913 >>17872869 GOD FUCKING DAMN!!!!! That's fucking incredible. Is most of that from options?

>>	Anonymous Tue Mar 17 00:19:31 2020 No.17872942 >>17872913 >past month Take a guess

>>	Anonymous Tue Mar 17 00:19:39 2020 No.17872946 File: 204 KB, 1080x2160, Screenshot_20200317-001845.png [View same] [iqdb] [saucenao] [google] >>17862532 >>17872869

Anonymous Tue Mar 17 00:20:49 2020 No.17872964

>>17869579
Options originally and still are used as instruments for hedging. People are saying they are higher risk, well they can be if you are dumb and put too much on the table, like a poker table. You can put in 2 chips, 10 chips, go all in, or go more than all in on margin.

You are an investor who own ABC stock. ABC is trading for $100. You can buy a PUT option to put ABC to someone else at a price you choose. If you don’t want to lose more than 5% on ABC you can get the $95 PUT on ABC. So if ABC stock drops to $60 you can sell it for $95, it reduces your losses.

Option pricing is based on a few factors, the two big ones being time and volatility.
High volatility makes options prices higher meaning you pay more for the same contract, and to profit from the contract the price has to make a bigger move, and if your hedging like in my example it costs you more, the prices go up in wild markets like we have now because the big swings mean more risk to the option seller, so they want to be paid more to take on the risk.

In the money options have less time decay. Every day the prices of options go down a little bit. If it expires in a few days, it loses a lot of value per day, bad if you are buying options. If expiration is in 3 months, there is less decline in price each day. Many options traders buy options far from expiration so that they lose less money to time decay.

Now an option that is way out of the money OTM price is largely just time decay, hits zero at expiration if the market doesn’t make a big move. A deep in the money option has what is called intrinsic value, so less of the price paid for the option is time decay. If your going to be holding it for a while, or you want to make bigger gains on a directional move
of the stock, you want an ITM option because of ‘delta’ value which is the change in the option price per $1 change in the stock. It’s higher for ITM options the further ITM you go and lower for OTM.

>>	Anonymous Tue Mar 17 00:20:50 2020 No.17872965 >>17872946 based Anthony

>>	Anonymous Tue Mar 17 00:21:31 2020 No.17872980 >>17862532 Because no one here actually does anything but lose money on litecoin and meme.

>>	Anonymous Tue Mar 17 00:22:00 2020 No.17872987 File: 330 KB, 1389x1074, 1580453507224.jpg [View same] [iqdb] [saucenao] [google] >>17871943 Actually.. ... that makes a lot of sense.

Anonymous Tue Mar 17 00:22:55 2020 No.17873000

>>17872946
>>17872869

PS
While I put about $100k into that the account, I only put $40k into the fidelity account

But I got that money into fidelity before the first big fucking dump in March and put it all in spy puts, while I was only able to move $10k into rh before then and put it in a bunch of stupid shit with just about $4-6k in spy puts.

>>	Anonymous Tue Mar 17 00:24:01 2020 No.17873020 >>17873000 >that the account *That RH account

>>	Anonymous Tue Mar 17 00:24:28 2020 No.17873028 >>17872147 Yes. But before doing that, you need to understand what you're doing: you're taking on debt to gamble on derivatives. Yes, you'll be multiplying the upside.. but also the downside. Be careful with that thing.

>>	Anonymous Tue Mar 17 00:25:10 2020 No.17873044 >>17873000 >2 million from spy puts Fucking legendary

>>	Anonymous Tue Mar 17 00:25:12 2020 No.17873045 >>17872913 Yeah it's all from options

>>	Anonymous Tue Mar 17 00:27:48 2020 No.17873079 File: 102 KB, 867x576, apubobolambo.jpg [View same] [iqdb] [saucenao] [google] Euros help an anon out, what apps are good for trading options inside of the EU I want to trade some SPY options.

>>	Anonymous Tue Mar 17 00:29:36 2020 No.17873103 >>17873045 Insider trading? or just stupid luck?

Anonymous Tue Mar 17 00:30:16 2020 No.17873110

Vix is very high right now. I don't quite understand all the implications of that, but it does mean options are basically very expensive right now and there's a good chance the ones you buy would be worth less than you paid even if eventually the market moved in the direction you expected.

>>	Anonymous Tue Mar 17 00:31:26 2020 No.17873130 >>17873103 I thought corona was gonna fuck shit up and it has

>>	Anonymous Tue Mar 17 00:32:09 2020 No.17873143 >>17862532 I took 7k and made $120k in 3 weeks. You guys here are total idiots. The real gods are at WSB. I did take 12k link to $220k but now that is back down. Thank gosh I’m not an idiot and shorted the fucking market.

>>	Anonymous Tue Mar 17 00:33:13 2020 No.17873164 File: 302 KB, 1125x2436, 2A915628-0E38-49A8-B818-5D7EFE0A3B0E.png [View same] [iqdb] [saucenao] [google] >>17873143 Here’s for the idiots who need proof

>>	Anonymous Tue Mar 17 00:33:24 2020 No.17873168 File: 53 KB, 600x615, 1558953570503.jpg [View same] [iqdb] [saucenao] [google] >>17873110 >Vix puts in April ?

Anonymous Tue Mar 17 00:33:33 2020 No.17873171

>>17863181
Legit when I first found biz there were like 1 or 2 crypto threads and everyone shit on them always. Most of the other threads were people investing in different ways and also a big chunk of stocks threads (pennies, blue chips, etc). I made a shitload of money off some rogue penny stocks I found on some of those threads. Then I stopped browsing 4chan for the most part. These days biz has become an absolute shitfest of poor shitheads shilling shitcoins like no tomorrow. Sometimes I wonder what forum those other guys moved to, I do feel like people were making more money then because the information was way less available and all the tricks were pretty biz “proprietary”. Oh well, I know I sound like a boomer with all this shit and time changes stuff but it is what it is. Good luck to the youngbloods Here trying to get rich.
>inb4 ok boomer

>>	Anonymous Tue Mar 17 00:34:43 2020 No.17873192 >>17873110 Dude you have no clue what you’re talking about. Biz is dead

>>	Anonymous Tue Mar 17 00:34:50 2020 No.17873194 >>17873171 You missed the oldfag thread, retard. We're all still here and we're all still making money. Personally, I'm tired of giving out advice for free for years so now I just tell people, faggots like you mostly, to kill themselves. Kys btw.

>>	Anonymous Tue Mar 17 00:39:25 2020 No.17873250 >>17873194 >kys That zoomer speak gave you away smallballs. No worries. Welcome to biz, stay awhile and listen.

>>	Anonymous Tue Mar 17 00:39:42 2020 No.17873254 >>17873192 Yeah I'm basically clueless

Anonymous Tue Mar 17 00:40:48 2020 No.17873273

>>17873079
Good question.
We don't have anything like robinhood.
The best one that I know of is degiro. But the transaction costs are still very high for me to consider entering into that thing.
There's also interactive brokers but that's only for when you make it.

>>	Anonymous Tue Mar 17 00:42:44 2020 No.17873301 >>17873110 vix is the volatility index, moron. basically when stock prices are changing a lot and fast (regardless if it's up or down) vix will go up.

>>	Anonymous Tue Mar 17 00:43:47 2020 No.17873311 >>17873164 now what are you gonna do with that shit?

>>	Anonymous Tue Mar 17 00:44:38 2020 No.17873320 File: 376 KB, 717x585, 1580225385959.png [View same] [iqdb] [saucenao] [google] >>17873250 Sad.

>>	Anonymous Tue Mar 17 00:44:48 2020 No.17873323 >>17873311 Gonna turn it into 1M.

>>	Anonymous Tue Mar 17 00:44:59 2020 No.17873327 >>17873192 it's not dead. it's just that there's a new generation of potential /biz/lords coming in. we need to teach them.

>>	Anonymous Tue Mar 17 00:46:25 2020 No.17873350 >>17862660 so, this is just people betting on whether they think stocks are going to go up or down? they're not actually tied to anything concrete? how is this not just literal gambling?

>>	Anonymous Tue Mar 17 00:47:05 2020 No.17873359 >>17873323 sounds based. thank god you're leaving the real physical assets for people like me. continue playing with those numbers on a computer. you're a chad, though. but not cletus maximus like me.

Anonymous Tue Mar 17 00:50:51 2020 No.17873417

>>17873350
> so, this is just people betting on whether they think stocks are going to go up or down? they're not actually tied to anything concrete?
yes. that's basically it.
you can do this for commodities, interest rates, exchange rates.. anything.
they are tied to the value of the underlying assets.
but you're not actually trading the underlying assets.
you're trading rights on potentially buying/selling those assets.
> how is this not just literal gambling?
that's exactly what this is.
this is pure speculation, not hedging (which is what derivatives were designed for).
bro, the value of the derivatives market is astronomical in relation to the value of the real world physical economy.

>>	Anonymous Tue Mar 17 00:53:40 2020 No.17873457 >>17873273 interactive brokers app looks and feels like it was designed in 1999. I guess we're fucking stuck with degiro which doesn't have SPY.

>>	Anonymous Tue Mar 17 00:55:41 2020 No.17873498 >>17873417 It might be gambling, but you can tip the odds in your favor with more information. For example, if the POTUS says that coronavirus is just a flu and you know he's full of shit, you can make good money with decent odds.

>>	Anonymous Tue Mar 17 00:55:56 2020 No.17873502 >>17873250 No money income yet, better work and spend that on improving myself, for that would increase my wage in the short run, or is it better to buy some good stocks?

>>	Anonymous Tue Mar 17 00:57:56 2020 No.17873530 >>17873350 you really don’t know what options are. Holy shit.

Anonymous Tue Mar 17 01:00:04 2020 No.17873570

>>17873457
> I guess we're fucking stuck with degiro which doesn't have SPY.
yup.
that's basically it.
last year they had 0.85 cents of transaction costs per contract.
Fuck. That. Shit.
I think they lowered it this year to 0.50 cents or 0.75 cents, don't remember.
It's still very high in my opinion.
You also have to consider that, depending on your country, in case you make money you'll have to pay between 14% and 28% of what you make in capital gains tax.

return
risk
transaction costs
taxes

the 4 dimensions you have to consider whenever you're investing into something.

Anonymous Tue Mar 17 01:00:05 2020 No.17873569

>>17873498
This was exactly it. See I’m a physician so I understood what was coming. I watched the first presser when he put pence in charge and downplayed it. Holy shit it was my big short moment I understood what was coming. Shorted the shit out of everything. 7k to 120k in 3 weeks. Took diamond hands tho I tell you

>>	Anonymous Tue Mar 17 01:00:17 2020 No.17873575 Brb guys I’m gonna go do my best Gordon Gekko impression on WALLSTREETBETS. Stay poor, retards. Side note: epic thread!

>>	Anonymous Tue Mar 17 01:00:18 2020 No.17873574 >>17873350 It is gambling for ivy league educated people, it is also a scheme to steal money from the poors in which they all participate and insider trade. Welcome to reality.

>>	Anonymous Tue Mar 17 01:02:15 2020 No.17873608 >>17873530 then tell him instead of just shitting on him. that's how you improve this board.

>>	Anonymous Tue Mar 17 01:03:38 2020 No.17873632 Okay so let me get this straight, so wallstreetbets is like the kanye west, and biz is like MC ride?

>>	Anonymous Tue Mar 17 01:04:53 2020 No.17873648 >>17873569 I wish I had the balls to gamble more on options at the time. I used to write software for epidemiologists.

Anonymous Tue Mar 17 01:05:27 2020 No.17873668

>>17873498
Yes.
>>17873569
Based.
I've been following corona since the third week of january.
Sold all my stocks in mid-february when I read that pic that has been going around of that anon saying that there's a crash coming.
4 days later stocks start to crash.
I saved all the gains I made these last couple of years.

Anonymous Tue Mar 17 01:06:21 2020 No.17873682

>>17873570
Why is the fucking EU so defensive about trading, are they really that scared of collapsing? I feel it in my bones that DB might just fucking die this financial collapse. And if it does I don't really know what to fucking buy, because we can't own guns, and money will become obsolete. I might buy a butter knife.

>>	Anonymous Tue Mar 17 01:06:52 2020 No.17873693 >>17873608 lurk moar faggot. we're not here to teach you how to lose your lunch money.

>>	Anonymous Tue Mar 17 01:09:52 2020 No.17873732 >>17862933 How much money would one need to start small? I've got an understanding of options thanks to hours of YouTube over the past few days but I'm a poor college kid with $500 in the tank. Could I do anything with that amount of money?

Anonymous Tue Mar 17 01:10:51 2020 No.17873749

>>17873574
> it is also a scheme to steal money from the poors in which they all participate and insider trade
Also, this.
Derivatives are a zero sum game.
For someone to make money, someone has to lose money.
So for every retard that you see posting his gains, keep in mind that there are hundreds of other retards considering suicide at the same time.
It's a high stakes game. You can win big or lose everything.
If you trade on margin, which I don't recommend (it's basically taking on debt to trade), then you can even lose more than what you have. Imagine taking out a loan to go gamble in a casino.

>>	Anonymous Tue Mar 17 01:13:39 2020 No.17873809 >>17873749 It only makes sense when you know something is going to happen, like the corona virus deal, or if you knew about the Saudi-Russian oil war before.

Anonymous Tue Mar 17 01:16:43 2020 No.17873845

>>17873682
>Why is the fucking EU so defensive about trading
Bro, this is just an online casino. These people aren't producing anything of value. For every retard that makes money, hundreds of other retards are losing money. Derivatives are a zero sum game. It's good to use them if you actually have a business that's exposed to the price of this or that underlying asset and you want to reduce that risk, but if you're just speculating then that's gambling. But instead of betting on flipping cards we're betting on economic events (which is much more fun in my opinion). The problem is that all this specualtion can cause real problems in the real world economy.

>>	Anonymous Tue Mar 17 01:17:59 2020 No.17873861 >>17872869 I saw 4 on this board. ~2017-2019

>>	Anonymous Tue Mar 17 01:18:18 2020 No.17873863 >>17862532 They're not pissing away cash on imaginary internet meme money

>>	Anonymous Tue Mar 17 01:19:47 2020 No.17873890 >>17873693 you're a useless cuck. go back to redd*t. >>17873732 > How much money would one need to start small? How much are you willing to lose without affecting your sleep?

>>	Anonymous Tue Mar 17 01:20:49 2020 No.17873907 >>17873809 Yes, absolutely. If you have no opinion on the markets, which is totally fine, just put your money into some savings account or stock-index etf.

>>	Anonymous Tue Mar 17 01:20:50 2020 No.17873908 They're playing the whole stock market rather than being obsessed way beyond reason with one single commodity. You want to get rich, kick your crypto fetish.

>>	Anonymous Tue Mar 17 01:22:30 2020 No.17873934 >>17873809 there is no saudi russian oil war, they made that shit up to hide the fact that nobody is buying oil because the global economy ground to a screeching halt.

>>	Anonymous Tue Mar 17 01:22:45 2020 No.17873940 >>17873908 >1 post by this ID

Anonymous Tue Mar 17 01:27:02 2020 No.17873995

>
listen newfags, you think these fucks are helping but on one on this board acts out selflessness, everyone here either post for keks or they're getting paid to post keks.
>The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.

>>	Anonymous Tue Mar 17 01:27:58 2020 No.17874009 >>17873940 Some of us have dynamic IPs.

>>	Anonymous Tue Mar 17 01:28:16 2020 No.17874012 >>17873890 I get by on a shitty paycheck from my job at retail so really I could dump all $500 into options. Plus I live with my parents while I go to my local uni so I'll be good if it goes to shit

>>	Anonymous Tue Mar 17 01:44:41 2020 No.17874247 >>17874009 >1 post by this ID

>>	Anonymous Tue Mar 17 01:45:44 2020 No.17874266 >>17874247 2 wait no 1.

>>	Anonymous Tue Mar 17 01:49:07 2020 No.17874307 >>17862933 The fuck you talking about. If you don't have the money to buy the 100 stocks someone else will buy the option from you if you are in the money.

>>	Anonymous Tue Mar 17 01:52:22 2020 No.17874347 >>17865471 because you are not buying equity but only the right to buy or sell that equity at a given price. For the person issuing the option they are essentially getting a premium on their equity. This can be seen as a form of insurance/hedge.

>>	Anonymous Tue Mar 17 01:56:07 2020 No.17874397 >>17862532 Bullshit dichotomy. WSB is like 90% channers.

>>	Anonymous Tue Mar 17 02:04:52 2020 No.17874519 >>17867814 Any others besides PLUG? What contract date did you get?

>>	Anonymous Tue Mar 17 02:19:53 2020 No.17874661 >>17871801 >2014 Has this shithole really been around that long? I still think of it as a new board.

>>	Anonymous Tue Mar 17 02:22:19 2020 No.17874685 Because you fags brought pol here and not there

>>	Anonymous Tue Mar 17 02:38:37 2020 No.17874871 File: 356 KB, 1440x2960, Screenshot_20200316-195553_Robinhood.jpg [View same] [iqdb] [saucenao] [google] I go on wsb and look where my yolos have got me so far see ya on the moon poors

>>	Anonymous Tue Mar 17 02:47:58 2020 No.17874963 I've made more money on Robinhood the past month than crypto in all of 2020, and I caught that ridiculous UND pump last night. Still in it actually.

Anonymous Tue Mar 17 02:49:46 2020 No.17874983

>>17868683
Also there's implied volatility which is an important concept to understand. If a stock is super volatile then option contracts for it will be very expensive. You'll be paying a much higher premium to trade TSLA options than SPY options for example. Also time decay, or Theta like the guy I'm responding to mentioned can really kill your returns. Even if you're right about the underlying stock going up and you buy a call, if it takes too long to go up or if it doesn't go up enough you can still lose money because of time decay, especially when implied volatility is really high across the board like it is now. Then there's the question of if you should buy in the money, out of the money or at the money puts/calls and how that will affect your leverage and risk (for example out of the money call options are much cheaper). Basically tldr is stocks are hard to trade. Options are a hell of a lot more complicated. You probably shouldn't be trading them.

>>	Anonymous Tue Mar 17 02:58:22 2020 No.17875049 >>17868521 How far out do you usually buy?

>>	Anonymous Tue Mar 17 07:02:08 2020 No.17875351 >>17868683 Thanks anon finally i got it

>>	Anonymous Tue Mar 17 07:02:45 2020 No.17875355 https://youtu.be/p08ChZVGBow $REFR

>>	Anonymous Tue Mar 17 07:03:02 2020 No.17875358 >>17862532 they aren't bc we are buying zano

>>	Anonymous Tue Mar 17 07:16:40 2020 No.17875499 >>17874983 How are people trading options with small amounts if they're so expensive? Are you just priced out of most trades and have to pick what's affordable?

>>	Anonymous Tue Mar 17 07:18:23 2020 No.17875514 >>17862532 Iq

>>	Anonymous Tue Mar 17 07:20:10 2020 No.17875539 >>17867026 What did you invest in?

>>	Anonymous Tue Mar 17 07:28:17 2020 No.17875641 >>17875499 that's basically it. they're late and they see all these people making shit loads of money off puts but they're priced out so they pick cheap otm options and get rekt by iv

>>	Anonymous Tue Mar 17 07:47:19 2020 No.17875886 Survivorship bias. The secret of their success is upvoting posts that have people making money, so the first few pages are full of that. Meanwhile here on /biz/, both people winning and losing have equal amount of coverage.

>>	Anonymous Tue Mar 17 09:11:36 2020 No.17877318 >>17875886 this is actually a good point

>>	Anonymous Tue Mar 17 10:01:35 2020 No.17878720 good thread

>>	Anonymous Tue Mar 17 10:07:18 2020 No.17878920 >>17868937 Look it up, generate discipline if you can't,

>>	Anonymous Tue Mar 17 10:41:33 2020 No.17879945 >>17875886 Good post my dude

>>	Anonymous Tue Mar 17 10:42:00 2020 No.17879957 >>17862952 Interactive Brokers.

Anonymous Tue Mar 17 10:43:25 2020 No.17879988

to make such massive gains you must use some form of leverage
is it possible to guess an average amount of leverage these guys use to make their gains?

i once looked at it and said fuck no i am not taking that risk so idon't know that much about options, i found that crypto still holds the highest possible returns without margin and being able to weather the dumps

>>	Anonymous Tue Mar 17 10:43:47 2020 No.17879994 >>17862532 Because you turned /biz/ into a glorified penny stocks, scams and cryptocurrency board.

Anonymous Tue Mar 17 10:53:47 2020 No.17880243
File: 34 KB, 534x879, M7nxraurSvezDFAsZRPuzw.png [View same] [iqdb] [saucenao] [google]

biggest newfag in the universe here I got some put on some random stock that was going down and it hasnt gone up much why does it say ive lost 50% and to break even It would have to go WAY down.

>>	Anonymous Tue Mar 17 11:02:08 2020 No.17880420 Reddit is onions You guys are redditors Simple as

>>	Anonymous Tue Mar 17 11:12:16 2020 No.17880626 >>17880243 It's going up 10% today aleady. It's at $35. Very little chance it goes down to $25 like you're betting it will

>>	Anonymous Tue Mar 17 11:20:25 2020 No.17880816 File: 36 KB, 577x910, Tq9YRc_OQQm-evLzm-evtw.png [View same] [iqdb] [saucenao] [google] >>17880626 dang just a little shift in numbers really changes put

>>	Anonymous Tue Mar 17 11:39:47 2020 No.17881252 >>17862573

Anonymous Tue Mar 17 12:17:19 2020 No.17882503

Extreme newbie here. Don't you have to actually buy the stocks to transfer them to whoever bids on your contract?
So if you bet $500 that a stock is going to go up, and someone buys that contract, then you still have to provide the person who buys it the stocks..

Anonymous Tue Mar 17 12:19:06 2020 No.17882555
File: 78 KB, 709x707, 1583677091627.jpg [View same] [iqdb] [saucenao] [google]

So calls and puts are basically just straight up gambling?
Not actually investing?
Can someone actually let me know how the businesses and such stand to gain from that scheme?

>>	Anonymous Tue Mar 17 12:20:48 2020 No.17882608 How the fuck do you fuck up something as simple as "buy low sell high" ? You have to be a subhuman single digit IQ to be that much of a fuckup

Anonymous Tue Mar 17 12:23:35 2020 No.17882702

>>17882503

No, you give them the money to buy the stock themselves. That is why options just become a betting market because nobody cares about the unederlying asset in reality, they aren't actually getting a bunch of Amazon or whatever delivered to them. They just care about the money, which could theoretically be used to buy or sell the stock.

Anonymous Tue Mar 17 12:26:59 2020 No.17882805

>>17882555

Yes, they're literally gambling. Originally they were used to manage risk, and to some extent of course they still are used that way. But companies that actually produce shit could use options contracts to hedge against price movement in commodities and things like that that they'd need to operate. They actually cared about the price movements of the underlying not because they were looking to make all their money off of it, but because they wanted to stabilize their cash flow to something more consistent. Traders just use options to gamble.

Anonymous Tue Mar 17 12:28:18 2020 No.17882854

>>17882702
Thanks. And is it like you are betting against the other person's bet?
Aka, is someone taking your contract the same thing as them saying "I'll take that bet"?
I'm going off bits and pieces I've read on 4chan and Reddit today and it's extremely confusing so far.

>>	Anonymous Tue Mar 17 12:32:30 2020 No.17882971 >>17873907 >>17873890 >>17873845 >>17873749 >>17873668 based anon

Anonymous Tue Mar 17 12:59:44 2020 No.17883796

>>17882854

Yeah, but I should clarify that when people sell options they'll usually (if they're smart) have some underlying stock so they can at least sell them to get the money. But even then the risk is technically unlimited because a big event could cause the price to move so far out that your underlying stock isn't enough to cover the contract. But there are people who will sell options without owning any underlying stock, because I guess they're confident they won't suddenly be on the hook for $100,000 or whatever.

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/biz/ - Business & Finance