/biz/ - Business & Finance

[Anonymous No.18549811]

Why aren't you trading options anons?

[Anonymous No.18549818]

>>18549811
I don't like gambling.

[Anonymous No.18549837]

>>18549811
I'd rather bet on soccer games, at least there is entertainment to watch instead of seeing graphs all day long

[Anonymous No.18549844]

>>18549818
can confirm. i started trading options and even though ive been doing it fairly conservatively i still turned $2,300 into $802 over the past 2 months. ive had some good wins but way more bad trades. mostly because using logic and intelligence to bet in a manipulated market is really hard

[Anonymous No.18549850]

>>18549837
>soccer is entertaining

[Anonymous No.18549914]

>>18549850
>true Amerilard

[Anonymous No.18549969]

>>18549914
>you need to be american to see that soccer is boring as fuck

[Anonymous No.18550089]

>>18549811
Because somehow i don't understand it (i'm 33 and studied engineering)

[Anonymous No.18550140]

>>18549811
You bought May SPY puts at the bottom didn't you

[Anonymous No.18550164]

>>18549837
>>18549914
I’m Gernan and Soccer is the most gay boring shit tier sport that ever existed. Same counts for American Football. Their sole purpose is cash-grabbing marketing targeted at beer drinking idiots

[Anonymous No.18550171]

>>18550164
I don't think I have ever said this to a person of your origin before but

based German

[Anonymous No.18550193]

>>18550089
>engineer thinks because he studied one thing in school, he just magically by osmosis should know all other things

You have to study and get experience with them just like everything else. Being an engineer doesn't make you god. Don't know why you lot can't ever get this through your over inflated heads.


I

[Anonymous No.18550194]

>>18549811
Theta gang always wins.

[Anonymous No.18550277]

>>18550193
Engineers trained in the UK, France, and the US are trash because those countries use the new "educational" system where they basically train you to "do" an engineering job. In eastern European countries, getting out of an actual engineering course means you are at least at +1 sigma fromt the rest of the population.

[Anonymous No.18550520]

>>18550193
I would say studying engineering in a specific field kinda opens you up to all the other engineering fields due to learning concepts that are across disciplines (bernoulli relation, vector analysis, control sys etc.).

But unironically, most engineers are pigeonholed as >>18550277 says, like these fucking autists cant comprehend extending over from electrical->mechanical, chemical->civil etc.

Its actually INSANE how ignorant these fuckers can be, but actually, these subjects all have unifying similarities of mathematics, CAD, coding etc.

But to drive the point home, for those of us that are awake and seeing similarities, you do kinda osmosis into other disciplines.

[Anonymous No.18550624]

>>18550164
American here, completely agree. You can also throw in baseball, too.
Sports actually fun to watch are tennis, golf (only if you play), and gymnastics. There are more, but I am not as familiar with them.

[Anonymous No.18550638]

I am. My account is finally going to be positive, after all the money I lost trying to pick stocks like a gambling idiot.

[Anonymous No.18550645]

Options are inherently great for conservative profit/insurance if you own an underlying equity position. They get a bad rap from degenerate gamblers (I also gamble with them, yolo). But owning collar positions will help long term investors shore up gains and limit losses.

[Anonymous No.18550658]

>>18550193
It's the same thing with most selective professions, like doctors here in the US. Studying to be a doctor, then going to medical school means you likely have a high IQ. They take this to mean they are good at everything, without stopping to realize that it means they simply have potential, which means jack shit if you don't study it and learn about it.
t. MD/MBA student

[Anonymous No.18550698]

>>18550624
Ice hockey hands down the best spectator sport to watch.

[Anonymous No.18550707]

>>18549811
The hidden /biz/ discord server is discord gg CpqQw7b

It has to stay hidden or discord will shut it down.
As far as discord knows it's Wayne Lambright's official campaign discord.

[Anonymous No.18550717]

>>18550164

[Anonymous No.18550724]

>>18549811
The hidden /biz/ discord server is discord gg CpqQw7b

It has to stay hidden or discord will shut it down.
As far as discord knows it's Wayne Lambright's official campaign discord.
dnd

[Anonymous No.18551314]

>>18550698
Completely forgot about icehocky, you are right anon, though I still like the other three I listed just as much.

[Anonymous No.18551779]

>>18549811
i was trading options and then i lost $10k so now im no longer trading options

[Anonymous No.18551951]

>>18549811
Options are great seeking 3x triple up every day when you should be seeking 2 percent gain daily.

Have any ever seen what 5% daily gain does to a 1k account after a year (252 days) of trading? 218 million dollars. 2% daily turns into 147k.

[Anonymous No.18551964]

I tried trading options, went in with $1000 and now have $20. People who claim to do well with options have survivors’ bias or have been doing this shit for years and have a formula or game plan they use with greeks/price movement. Everyone else gets spit roasted, and they get fucked eventually.

[Anonymous No.18551987]

>>18550624
Basketball would be up there to if Larry Bird was still playing

[Anonymous No.18552036]

>>18551987
Basketball is honestly fun as fuck to play and watch and the people here that hate it are 5’8 manlets who would get posted up on one time, ragequit and never play again

[Anonymous No.18552049]

>>18550089
Think of it like betting the over/under on a basketball game. If the total points at the end of the game are over or under some agreed upon amount, someone wins right? Except this game doesnt end. So we agree on a expiration date.

So a 250 call(over) that expires at the end of the month means I'm betting on XYZ stock to be over 250 next month.

The price you pay is for the OPTION to exercise your contract. 1 contract = 100 shares I either get to sell to you at $250(put) or buy from you(call) at $250.

Like if I bought a $1 call option that expires tomorrow and the price is $250, that's going to be trading dollar for dollar because its guaranteed to happen. If the price on the share drops a dollar, the contract loses $100. That's called the delta. A high delta(close to 1) means the contract is virtually guaranteed to finish in the money.

[Anonymous No.18552087]

>>18551964
Time is your enemy sir.

People who buy and hold options for more than 24 hours get fucking rekt.

You buy, catch a wave, and get out. I make about 90k a year in options trading. Rarely hold overnight. Except with earnings. With all these upcoming earnings statements, wait for a pump and buy a cheap put option and wait for earnings to report in the morning. With a little luck you might double up.

[Anonymous No.18552097]

>>18549811
What’s an option explain to me like I’m 5 pls I’m new here

[Anonymous No.18552112]

>>18552036
True words. College ball is where it’s at imo. I miss the NBA from the late 80’s and 90’s

[Anonymous No.18552119]

>>18552049
I still don’t understand it

[Anonymous No.18552143]

>>18552119
Man, he really tried helping you out and you still don’t get it. Stay away from trading in general fren

[Anonymous No.18552169]

>>18552119
Then just walk away. There are people in this world smarter than you and if you cant grasp abstract concepts like trading potential values, you're playing on their turf and you're going to lose.

I explain it to my wife like this, imagine betting on a sports team to win the championship, you get 40 to 1 odds. They make it all the way to the superbowl but you dont think they're going to win. So you sell the betting slip to your friend for 20x its value because he thinks they will win and if they do, he will double his money. And you've made 20x your money.

[Anonymous No.18552172]

>>18552097
It gives you the right but not the obligation to DYOR

[Anonymous No.18552196]

>>18552119
>>18552097
It's a private contract with a market maker so that you have the option to buy the stock from them at a set price at a future date.
Market maker is going to charge you for setting up the contract, but later you have the option to buy the stock from them at the set price. If the market price is higher than the price you agreed on to buy at, or vice versa, you could make a profit.
If the contract expires, you have to buy the stock from them at the price you agreed on.

It's literally gambling, because you're trying to predict the price.

[Anonymous No.18552313]

>>18549811
>right click
>search by image
>not found anywhere online except biz
OP, is this, dare I say, OC?

[Anonymous No.18552647]

>>18552049
Thanks for your explanation, got some clue now. And how is the delta / price of the option made? I mean it's apparently quite important how profitable a trade is. Don't the banks make the prices? Then it sounds to me like a rip off

[Anonymous No.18552677]

[Anonymous No.18552685]

>>18550193
Sorry that my openness offended you. My head is very inflated, therefore i cannot get new stuff in it. Thanks for your help

[Anonymous No.18552710]

>>18552677
Fuark, anon tried to fight the Fed

[Anonymous No.18552739]

>>18549811
Because I also do not play the lottery. Idiot's tax.

[Anonymous No.18552817]

>>18552677
Breaking rocks in the,
hot sun,
I fought the fed and the fed won I fought the fed and the fed won

[Anonymous No.18552848]

>>18552677
Top kek, it makes me happy knowing he lost that much

[Anonymous No.18552875]

>>18552677
the virus wasn't deadly or infectious enough, he should have known it wasnt he virus that collapses the economy but instead one that just kinda annoys us for a few months

[Anonymous No.18552878]

>>18549811
The only options I use is the ones that allow me to set the specific price of what stocks I want to buy.
So if I’m in the middle of buying 100 shares for $34 but it suddenly jumps to $36 while I’m buying it, it won’t go through if I tell it to only buy at $34

[Anonymous No.18553027]

>>18552196
>If the contract expires, you have to buy the stock from them at the price you agreed on

as i understand it this isn't correct if you buy to open either put or call you have the choice to exercise your contract
and if you are not in a positive cash position you simply let the contract expire worthless losing only the amount of money you use to buy the contract in the first place but never more
or you don't gamble with money you don't have

now if you sell to open and buy to close, then best prepare your anus

[Anonymous No.18553127]

>>18552677
I wonder how many people post there deliberately giving trade advice that is perfectly the opposite of what would be appropriate, and making a load of extra cash out of the suckers for comedy value to the point that they don't even care about actually making actual money anymore and they get their entertainment seeing how much suckers can lose theirs

[Anonymous No.18553171]

>>18549844
If you're so consistently wrong, why not just do the opposite of whatever you think the smart trade is? Seems simple desu

[Anonymous No.18553195]

>>18552878
Don't you just mean a limit order?

[Anonymous No.18553236]

>>18552677
How can anyone be dumb enough to make this bet yet intelligent enough to have ~$800k to throw away.

[Anonymous No.18553261]

>>18550164
I disagree, American football is jammed with exciting moments and tension

[Anonymous No.18553367]

>>18550171
That's one of the signs of the apocalypse isn't it?

[Anonymous No.18553377]

>>18553236
dudes probably jewish

[Anonymous No.18553385]

>>18553236
Dumb people do stupid things without thinking
Smart people do stupid things after thinking

[Anonymous No.18553404]

>>18553236
He won all of that from earlier SPY puts or TSLA/SPCE calls like the rest of WSB peak bull. Then made good money on the way down with puts, and lost it all timing the bottom.