[ 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   
File: 40 KB, 360x360, 1 xzgV9eVVA-A6w8JOno2mHA.jpg [View same] [iqdb] [saucenao] [google]
18013729 No.18013729 [Reply] [Original]

Why are you not lurking WSB for money moves tomorrow /biz/? The crash of a lifetime is happening and half you of unironically don't even know what options puts are. You can place money on almost anything anyone is shilling there (besides SPY calls kek) and 2x in 2 days

>> No.18013823

Fucking dumbass normies on there think they're gods because they 2x their portfolio. Just lol

>> No.18013825

Where the fuck is the guide to do this

>> No.18013864

>>18013823
you're an idiot if you think 95% of WSB is any better

>> No.18013883
File: 25 KB, 500x373, 1565923659287.jpg [View same] [iqdb] [saucenao] [google]
18013883

>>18013729
Nice try, Robinhood

>> No.18013901

>>18013729
>Money moves

Why would i? Just short it. What? Everyting.

>> No.18013905

>>18013729
WSB dumbasses are all buying SPY calls rn because some dude wrote up an essay predicting SPY rally to 270
Fuck WSB, just go all in SPY puts and SPXS calls

>> No.18013907

>look away from crypto
>look at these options

>> No.18013915

>>18013864
I am referring to WSB though retard

>> No.18013952

>>18013729
If you want to learn and make bank, you go to /r/wallstreetbets
If you want to be surrounded by softcore porn posters, pedos, and lose money on the next shitcoin, you go to /biz/.

>> No.18013956

>>18013729
Why the hell would you listen to these retards. Fuck off and go back to that fucking site if you want you little bitch

>> No.18013976

>>18013729
>yes goy go all in puts after my 30% dump!
>please goy stop browsing this crypto board
Jesus christ you couldn’t glow brighter. Consider offing yourself at earliest notice. Also, fuck kikes, chinks, niggers, and jannies

>> No.18013978

>>18013729
What's the actual point of derivatives? Is it just to trick brainlets out of their money?

>> No.18013986

>>18013956
Literally, their so called WSBGod is some dumbass coomer who bought TSLA 1500C... Talk about getting lucky, man has a serious messiah complex too

>> No.18013994

>>18013729
reddit is peak midwit because it is full of anti social asians

/biz/ is 99% retards who forgot what PEDMAS is but 1% are complete savants

>> No.18014044

>>18013976
Been here since this dogshit containment board opened and WSB has been better for making money than /biz/ since 2018. Puppets and brainlets listened to that quadruple witching horseshit, anyone with any intuition knew the power of corona couldn't be beat by dumbshit run-of-the-mill market analysis. If you've been placing puts since end of February you're up 10-100x, meanwhile this board has crabbed or lost money. The truth hurts desu

>> No.18014052

>>18013729
>options puts
I'm a brainlet, explain this to me please.

>> No.18014081

>>18014044
Also everyone creamed themselves over an unironic 10x after 3 FUCKING YEARS for chainlink, /biz/ pnd shitcoins do that in 1 week (VIDTie here, bought in at 7 cents, cashed out at 35 in a month). It's kinda pathetic, especially seeing that volatility for options is so much more predictable and profitable and has been since this virus started effecting the economy

>> No.18014089

>>18014044
>Been here since this dogshit containment board opened
No you haven’t, go back

>> No.18014115
File: 20 KB, 360x360, 1561956688807.jpg [View same] [iqdb] [saucenao] [google]
18014115

>>18014052
>>18013907
>>18013901
>>18013883
>>18013864
>>18013823
>>18013825
>everyone that wasted the last 3 years of their life here for a coin that Google published about in a blog post forever ago

>> No.18014123

>>18014052
Wtf nigga why don't you know this? Google it retard

>> No.18014135

>>18014089
Nigger I could pull up old screenshots of me selling bitcoin on coinbase is 2014, I remember when /b/ and /g/ were being shitted up and this place had to be created. Hold on, I'll get a screenshot going faggot

>> No.18014154

>>18013729
WSB used to be good for autistic analysis, but then it got too popular. newcomers post thinking everything is memes and lately everyone thinks they have a 200IQ play. with the corona shit that sub has reached new lows, the daily market threads also have so many posts I have given up trying to parse them for hot picks.

>> No.18014185

>>18014115
I don't even know how to buy bitcoins. I just come here for the funny wojaks and bear memes

>> No.18014201

>>18013729
Why yes, let me gamble $100+ on something where I will potentially lose 100% of my bet in one swoop. Versus, you know, being able to cut my losses and just lose 30%.

>> No.18014207

>>18014201
stay poor with your excuses.

>> No.18014221

>>18014044
>quadruple witching
when so many people came to a consensus you had to know it was bullshit.

>> No.18014246

>>18014081
7 * 10 = 35?

Enjoy your eventual losses you dumbass

>> No.18014255
File: 76 KB, 1035x751, fgt.png [View same] [iqdb] [saucenao] [google]
18014255

>>18014135
>>18014089
I remember mining fucking Potcoin back in the day. I could go back to 2012 with my cb transactions. I'm a fucking oldfag with crypto and I'm telling you now that options is much more profitable at the moment

>> No.18014263

>>18013729
I am a responsible adult that say no to Insane gambling

GUH

>> No.18014271

>>18014246
That was one example of one coin that did half of what LINK did (10/2=5) but in 1/36th the amount of time lmfao

>> No.18014335

>>18013978
Insurance.
Your homeowner's insurance is a "put" on your home.
Your life insurance policy is a "put" on your existence.
WSB is using them for gambling.

>> No.18014468

>>18014271
Literal pnd only does 5x in a month. Imagine running a pnd and getting outperformed by TSLA 04/03 500P in less time.

>> No.18014536

>>18013729

gtfo newfag, /biz/ is literally the real WSBelite. of course we are all balls deep in puts

>> No.18014565

>>18014536
>>18014468
This is what it comes down to and this is what these literal brainlets don't understand. The volatility right now is ridiculous, anyone can make puts on the entire machine falling apart within the coming weeks. Crypto will have its moment but the time right now is for ez 50x with options.
>>18014536
Nah fren dont you remember when SMG threads were slow not too long ago even near peak bull with stonks? Or at least it wasnt anywhere near where stocks are getting the attention they are now. Most people here didn't even know what options were a few months ago, most are just shitcoiners that buy into obvious pajeet pnds or shill LINK endlessly while it pumps, then crashes and burns

>> No.18014581

>>18014044
Something you typed immediately let’s us know you are a lying new fag

>> No.18014641

>>18014581
>>18014255

>> No.18014650

>>18013729
why do you keep making these posts everyday
imagine doing this for literally no monetary compensation

>> No.18014725
File: 28 KB, 898x409, Brain power.png [View same] [iqdb] [saucenao] [google]
18014725

What's better for growing a small portfolio; scalping crypto or options?

>> No.18014770

why do you need anything other than buying puts in spy and dia... there's no reason to read anything or watch anything or go anywhere.

>> No.18015908

>>18014081
>lmao guys you are so pathetic buying into 10x pnd shitcoin
>OMG look at these geniuses who got some puts before TSLA pnd for 10x return

Fuck off

>> No.18015923

>>18013729
Because WSB is 99% LARPs and fake screenshots

>> No.18016000
File: 340 KB, 1534x2048, 1578454551579.jpg [View same] [iqdb] [saucenao] [google]
18016000

Call me gay, but I've been lurking that sub almost as much as I've been lurking this board.
I have hands down seen more actual good posts and information on there and it has made me more money than this retard place ever will. If you like crypto look into options, you're more likely to make money in that

>> No.18016053

>>18014650
>imagine doing this for literally no monetary compensation
>>18013883

>> No.18016076

>>18016000
he's cute

>> No.18016118

>>18016000
Checked faggot
I turned 0.23 btc into 2.11 btc in 2 years.
Better then my sock portfolio last year, but now I’m making more in the stock market.

>> No.18016262

fuck wall street bets go back to blebbit

>> No.18016308

>>18013729
i ran across one coherent well written post about the outlook of the US

>> No.18016450

How should I go about buying puts if I'm a leaf? Robinhood isn't available here. What kind of minimum investment would be required to make good money (say 100k+)?

>> No.18016490

>>18016450
If you don't know shit don't play the options game

>> No.18016497

>>18016450
You could open a Margin account. Exchange leafbux for Trumpbux. Then trade options all you want. I think if you exchange for USD you will get fucked. You could do Norbits gambit to minimize the FX fees.

We do have some leveraged Horizons ETFs however i recommend using them for day trades only. Not long term

>> No.18016500

>>18016450
interactive brokers. looks like they got rid of their account minimums.
I wouldn't recommend it though unless you have USD already to play with.

>> No.18016517

>>18014089
you want social approval so bad

>> No.18016547

>>18016490
Why not? I'm already in Crypto, I'll do my reading on options trading to make sure I know what I'm getting into but I suppose it can't be much riskier than trading shitcoins? Or is this whole thread just a larp and most people don't actually make good money with options?
>>18016500
I know interactive brokers, good to know they might have something. Why wouldn't you recommend it unless I already have usd? Because of the exchange rate?

>> No.18016749

>>18016547
Normal people lose money trading options 80% of the time, it's only during crashes like this where normies make money on options. You're insanely late to the party on going short and I would be wary of following the herd at this point.

>> No.18016826

>>18016749
I see, would be curious to know what kind of gains we're talking about though. Say I had bought spy puts 2 weeks ago and cashed out now (or Friday I suppose), what kind of multiplier would that be? With crypto I can easily see if something did a 10x for example, not too clear how that works with options

>> No.18017024

>>18016826
>>18016826
03/23 SPY 275P were around $6.5-8 on 09/03 currently worth around $45, keep in mind they will rise a lot tomorrow as futures hit limit down already.

The price of an option is for a single contract and you buy them in groups of 100 (I think on robinhood you might be able to do some poor person shit of like 5 contracts), The strike price is the price at which you have the right to sell the asset at therefore you can make max(0, (strikePrice - currentPrice) * numberOfContracts).

You can plot the function on desmos if you're curious about the returns.

>> No.18017037

>>18016826
It would depend on a lot of factors, namely which strike and expiration you chose.

>> No.18017083

>>18016118
>2.11 btc
congrats on your $10k lmao

>> No.18017102

>>18017024
Thanks for the breakdown, so that would be about a 7x which is great but nowhere near 50x like >>18014565 was saying

>> No.18017125

>>18017102
https://www.reddit.com/r/wallstreetbets/comments/fnbz1c/update_from_500_to_22k_now_at_110k_since_february/

>> No.18017164

>>18017102
It is possible to 50x like in that WSB post he linked but those people are essentially gambling. As an investor you want to minimize your risk therefore you should rely on the general downward trend and buy puts with a decent amount of time till expiration unless you want to coinflip.

>> No.18017169

>>18013729
Because these idiots are all gamblers, just like us. Might as well go into low caps like ARPA or something for the Asian recover we al know is about to happen. Stop being so retarded, and don't let the government see what you're doing with your money FFS.

>> No.18017200

>>18016118
So you turned 1k into 10k, in ten years?

Have you heard of this thing called compound interest?

>> No.18017201

>>18017169
>implying building up wealth with puts, which you can liquidate for cash when you make it, and hedging with crypto with some of the profits isnt the most big brained move possible

>> No.18017256
File: 12 KB, 225x225, 1584691007425.jpg [View same] [iqdb] [saucenao] [google]
18017256

>>18014650
I'm so fucking tired of the reddit raiders. How many fucking groups of them are there now? There's one group spamming trannies from their tranny board, there's the wsb guys spamming their board, and we've also had reddit fags spamming Marx. I just want to go back to normal.

>> No.18017267

>>18017125
Those are some insane returns, I don't fully understand the risk here but seems a lot better than the shitcoins shilled on biz
>>18017164
I guess to have those kinds of return you need a relatively short term option otherwise the premium is too expensive to allow you for such gains

>> No.18017573

OP shut the fuck up about wsb. Let them continue circle jerking on chainlink going from $1 to $2 in 3 years top kek

>> No.18017593

>>18017267
the risk is losing the entire premium on an option. i see one trade was a long way OTM put that cost 3K and is now 38K. IV crush could easily send 38K to 1$ (zero).

>> No.18017613

>>18017573

Don't be a nigger, anon. I'm listening now.

>> No.18017684

Options have infinite loss potential in a lot of scenarios.

>> No.18017720

>>18017684
Max loss is premium paid if you’re buying rtard

>> No.18017730

>>18017684
no one here is retarded enough to sell naked options

>> No.18017740

Through #FinNexus, however Bob's needs can be met much more easily.

>> No.18017767

I browse wsb, therefore I know about the trading halt tomorrow that will fuck people over on short term options.

>> No.18017773

>>18013905
/biz isnt much better with all the retards that bought silver and GUSH

>> No.18017823

>>18013729
>Why are you not on Reddit
Because I don't like it. Now go back.

>> No.18018604

>>18017024
What about selling a contract before the strike price? If the contract value when up

>> No.18018609

>>18014201
scared money don't make money cuck

>> No.18018679

>>18018604
You can sell anytime before the option expires, if people are buying that is

>> No.18018764
File: 35 KB, 1000x600, 1583820266145.png [View same] [iqdb] [saucenao] [google]
18018764

>>18018604
Your gonna get fucked listening to /biz/.

>> No.18018775

>>18014725
options start putting puts in the spy

>> No.18018816

i'm in europe and don't want to fill in bank papers and mail them to a fucking bank

>> No.18018852

>>18018775
Now (today) isn’t a great time to buy SPY puts. Wait for some sort of bounce or they will be expensive as shit with lots of room to get fucked by IV

>> No.18018987

>>18013729
Are you fucking retarded?
If you would have bought ETH, Antshares and Link when they started getting shilled you would have made a fuck ton of money, like a lot of people have here. Nothing stops you from making money from options right now too. They are not mutually exlusive.

>> No.18019006

>>18014725
The least retarded thing to do right now with the least risk and still a lot of profit is to wait for a green day and buy SPY puts, we're going to keep plunging until a vaccine comes out and rebounds have an almost guaranteed red day afterwards

>> No.18019028

>>18013729
Wsb is for retards
Even wsbgod will lose everything sooner or later if he continues like that

>> No.18019068

I don't give a fuck about /biz/ vs /r/wsb. Just give me the ticker, strike price and expiration

>> No.18019075

NEWFAGS FUCK OFF
GO BACK TO REDD*T AND STAY THERE
>t. 2007 oldfriend

>> No.18019131

>>18019028
wsbgod is a fucking retard lol, made all his money off useless TSLA 1000C and then buys 400k worth of TSLA 1500C...

>> No.18019135

>>18019068
BURL looks ripe. Just closed their physical stores. Their digital is dogshit. A lot of their inventory is fucking coats which people don’t think about going into summer. Maybe Doomers prop them up somehow hoarding coats for nuclear winter but I doubt it. 5/15 90p if there’s any volume this week

>> No.18019153

>>18019068
SPY puts on a green day like i said is free money

>> No.18019178

>>18019131
That's exactly my point
Had he started his options career at any other point in time he would be broke

>> No.18019212

>>18019178
Yep, his twitter is hilarious. He picks which companies to short based off of how they treat their workers lmao.