/og/ - Options General

[Anonymous No.27720174]

FUCK stocks and FUCK degenerate gamblers

Who else here making bank selling options to degen /smg/ gamblers?

[Anonymous No.27720502]

>>27720174
redpill be on ark leaps and calls

[Anonymous No.27720567]

>>27720502
>buy a leap
>sell covered calls
whats so complicated?

[Anonymous No.27720594]

>>27720174
YES can we PLEASE make this general a regular this? I've been wanting this for so long but I don't know enough to start it

[Anonymous No.27721525]

>>27720174
I was thinking yesterday that always will be a degenerate willing to gamble on impossible odds. It is that true? will I collect all their premiums?

[Anonymous No.27721619]

theta gang are cucks, real men buy gamma

[Anonymous No.27722015]

>>27720174
That's retarded. Firstly, long options ARE gambling, much more so than stocks. TQQQ is like a less risky QQQ LEAP with no risk of theta or iv fuckup. Secondly, short options are either gambling (atm/itm/very close otm puts), or boomer-tier might-as-well-buy-divimemes garbage (covered calls).
If you want to make threads about options, at least learn what options even are in the first place.

[Anonymous No.27722174]

>>27721619
real men play the vega game

>>27720594
just go ahead and start it yourself if you dont see it in the catalog
it's been a semi-regular thread but there's a higher barrier to entry than /smg/ or crypto

>>/biz/thread/S24849796

[Anonymous No.27722199]

>>27721525
>will I collect all their premiums
If you do the wheel then yea

[Anonymous No.27722495]

>>27721525
>I was thinking yesterday that always will be a degenerate willing to gamble on impossible odds. It is that true? will I collect all their premiums?
yes

time will always be on your side, look up theta decay. If you sell options it's literally free money to be paid to wait

>w-what if i get assigned
close out the week before retard and avoid selling calls near ex-dividends date

[Anonymous No.27723112]

Picked up some $40 and $50 strike 2/12 GME puts. Ate a bit on vol premiums but I think it'll pay out

[Anonymous No.27723399]

>>27723112
It'll probably be negative until GME hits $10 due to the vola premium lmao. Assuming you bought near the peak. For comparison, a $10 end of feb put bought at around $100 pre-peak was worth +$200 by the time GME hit $300, and that's nowhere near maxed vola. Without vola, it would have been worth -$2000.
Then you have to fight theta on top of that.

[Anonymous No.27723618]

>>27723112
>>27723399
>It'll probably be negative until GME hits $10 due to the vola premium lmao.
this, if GME crabs again like on Tuesday and Wednesday you're going to see a lot of vega value dry up

you might be able to swing it if GME keeps plunging at the same rate tomorrow though, that would require the redditors to capitulate

[Anonymous No.27725320]

BUMP from GME spam

[Anonymous No.27725963]

im going to make so many theta dollars selling gme puts at the bottom and selling gme calls on the way back up. the IV is going to be insane for months

[Anonymous No.27726168]

>>27720174
>ark leaps
are they worth the current price? Probably not

[Anonymous No.27726551]

>>27726168
what about arkf for december?

[Anonymous No.27726572]

tfw can't afford 100 shares of a stock to write covered calls

[Anonymous No.27726643]

>>27726168
>>27726551
They actually got IV crushed pretty hard today. This might be the best time to buy in.

[Anonymous No.27726777]

>>27720174
spreads give me better leverage. plus i mainly sell put spreads so thanks for taking the bags bears!

[Anonymous No.27726854]

>>27726572
NOK is a good candidate, $450 gets you in and it's guaranteed to crab for the next year

[Anonymous No.27726950]

>>27722015
Short options aren't gambling. They are a consistent source of steady income. In fact, they're way less risky than stocks are (especially covered calls and puts). Short options are a TOOL that you can use.

Here are two great scenarios for simple short options:
1. You're stuck holding the bag on a stock that you genuinely believe will go back up eventually. You can steadily lower your cost basis by selling covered calls.
2. A stock is way overvalued and might drop lower. If it dropped way lower, you would be totally happy buying shares at that price. Why not get paid for doing so?

That's not even getting into things like protective puts, which are just extremely useful in general. Obviously options play can get a lot more complicated than this, but for beginners in this chat doing covered calls/cash secured puts is NOT THAT RISKY as long as you have even the faintest idea of what the fuck you're doing. I would never in a million years discourage it as "gambling".

[Anonymous No.27727155]

>>27726854
I've been looking at NOK. It seems to be pretty fairly valued at its current price and IV seems high.

[Anonymous No.27727281]

>>27726643
well i got crushed by it but ill just keep holding fren

[Anonymous No.27727441]

How can i get started with this?

[Anonymous No.27727594]

>>27727155
Earnings released today, you might want to sell options while you can before IV starts to bleed off

[Anonymous No.27727875]

my naked calls in AG and SAVA, why did it have to be these stocks? fuck

[Anonymous No.27727963]

I've been thinking of selling puts on cheap stocks as a way to grow my account. I only have 1k do any of you have any good stocks for that? Or is my strategy wrong

[Anonymous No.27727968]

>>27726950
>You're stuck holding the bag on a stock that you genuinely believe will go back up eventually
That's called gambling.
> You can steadily lower your cost basis by selling covered calls.
And the day it starts heading back up you get to baghold your loss because you sold the stock at a discount. Literally buy high sell low.
> If it dropped way lower, you would be totally happy buying shares at that price. Why not get paid for doing so?
Because you can't use your money in the meantime and get paid pennies for the wait. It's the same as the average covered call: you might as well do divimemes instead, at least then you don't have to bother managing it, and the gains are the same.
If you're selling puts on a shitty company, you get actual returns but you are at risk since the company sucks. If you sell covered calls, even more so.
But if you sell options on a good company, your returns are next to 0 even atm.

[Anonymous No.27727997]

>>27727875
>buying calls
fucking degenerate gambler, go back to >>>/smg/

or learn to sell options like a thetachad

[Anonymous No.27728143]

>>27727963
I do this with:
NAK, EXK and NOK. I'm sure there are others that are lower priced

[Anonymous No.27728244]

>>27727997
dumb nigger naked calls are selling that was just one leg of my position. Market lately has had a lot of crazy price jumps

[Anonymous No.27728295]

>>27727968
You can have both a diversified portfolio and sell covered calls. I like to do it against VOO.

[Anonymous No.27728667]

>>27728244
oops i misread what you said

why sell naked calls on meme stocks though? If reddit gets their act together and pump and dumps you're fucked
better sell credit spreads instead

[Anonymous No.27728775]

I mostly do bull put spreads because margin requiriments, that are fucking huge here (more that 10x premium value). Doing spreads I just need to cover plain maximum loss.

[Anonymous No.27729838]

>>27728295
If you have boomer stocks, covered calls are literally free money and you should systematically do it. Weeklies, as they give the most bang for your buck, except in high-vola scenarios in which case go for higher expiry (to lock in the vola gains for longer).
If you aren't dumb enough to go for boomer stocks, covered calls just reduce your bottom line instead of increasing it.

[Anonymous No.27730132]

>>27728667
Credit spreads are just sold puts with higher leverage and without the ability to roll at profit if the stock trades against you. If your bet fails, you're going to lose a lot. Not as bad as naked calls, but you could just put a stop loss on the naked calls and get better results.
As usual since it relies on theta, it can be setup to be high probability, which is good, but the win/loss $ ratio is unfavorable (usually in the environs of 6/10 or 8/10 if you get a good one, >10/10 almost never happens).

[Anonymous No.27731196]

>>27720174
options are literally nothing but a jewish scam. the stock goes up and my call goes down i hate this shit

[Anonymous No.27731625]

>>27730132
i dont see how you can lose a lot with credit spreads I thought the point of them was that one covered the other?

[Anonymous No.27731760]

>>27731196
It's because you don't understand what your buying, learn more and come back.

[Anonymous No.27731988]

>>27731760
I need free money

[Anonymous No.27732087]

>>27731988
Go watch a video on covered calls then, it's the definition of free money

[Anonymous No.27732093]

>>27729838
>If you have boomer stocks, covered calls are literally free money
explain why please

[Anonymous No.27732200]

>>27732093
Less volatile probably

[Anonymous No.27732340]

>>27729838
Why are boomer stocks dumb, exactly? On Apple alone I have made 3x my money at super low risk since last year.

[Anonymous No.27732432]

>>27732093
You set a price that your willing to sell at above your cost basis ideally, sell a call which they then will give you a "premium" (free money). From there you hope the stock crabs and your option will expire worthless meaning you keep the premium and the shares and then do it again over and over, once your shares are called away which will happen then you watch a video about the "wheel" and play the market as a theta harvester

[Anonymous No.27732481]

How do i make income selling calls?

I own a couple hundred shares of BB and CCIV and i want to start selling calls, but im not sure how it works.

[Anonymous No.27732547]

>>27731625
There's a fixed max loss on credit spread (it's the difference in the strikes). But that ends up being, in practice, always higher than your max gains (the difference in premiums), so you need a winrate much higher than 50% to make money with this. In exchange, getting such a winrate is not that hard. The problem is that in expectation, you end up either not making much money (if you do it right) or losing a lot (if you do it wrong). Sold puts can in practice almost always be rolled at profit even if the stock goes the wrong way, so as long as you're betting on a solid company, the only downside is in terms of lost opportunity-cost.

[Anonymous No.27732614]

>>27732481
Call debit if bullish or call credit when bearish if the strat are calls only

[Anonymous No.27732631]

>>27732481
Wait for a big green day, sell a call 3 months out, collect premium, hope your stock crabs and stays under strike, do it again once your option expires.

[Anonymous No.27732727]

Guys I committed original sin against the American Economy and bought $11 puts on Ford for tomorrow, I feel so bad bros

[Anonymous No.27732814]

>>27732547
you can just buy a call alongside your spread, the spread will protect you from theta and the call will cover your vega

[Anonymous No.27732831]

>>27720174
>>27720594
Make it a derivatives general and have a fleshed-out OP with links and it could do very well.

[Anonymous No.27732879]

ATOS calls are easy

[Anonymous No.27732942]

>>27732481
get rid of your shares and but itm calls 2 months out and sell weeklies against them

[Anonymous No.27732968]

>>27732093
You don't hold boomer stocks hoping for a breakthrough, i.e. you make your gains either from (lol) steady movement, or from (lol) dividends. In any case, this makes the price action very predictable which means not only that pricing your calls is trivial at very high probability, but that the stock simply cannot jump way past your strike and leave you without the gains you were counting on, that simply doesn't happen with boomer stocks.
>>27732340
Apple is a growth stock, it is not a boomer stock. Same with MSFT.
Examples of boomer stocks include GE, BA, KO, PEP, V, XOM, etc.
You don't generally want to do covered calls on apple because, as explained above, it's liable to grow by spurts, which you want to capitalize on while holding.
It doesn't mean you CAN'T sell covered calls on Apple to make extra profit, especially on a lukewarm year, only that pricing the calls correctly is very complicated and if you mess up you give up on massive potential gains.

[Anonymous No.27733057]

>>27732340
leaps?

[Anonymous No.27733058]

>>27732087
You mean selling covered calls? First time I've done it today. What if I wanted to sell my shares though?

[Anonymous No.27733299]

>>27720174
>FUCK stocks
I hold stocks (oil, food, finance, dividends), I hold crypto (link, eth), I hold PMs (gold jewelry, silverware, coins,bars physical etf). I own property, agricultural land, forestry, detached houses, I own art, antique arms, livestock, diamonds.... There is nothing wrong with stocks, nothing. There is a lot wrong with gme, amc, plebbit and Fomoing PnDs.

[Anonymous No.27733325]

>>27720174
Someone explain the pricing of puts to me. I bought a put for 1.10 cents earlier and now it's down to 0.85 cents despite the price of the stock decreasing. I thought put value increased as the stock price decreased?

[Anonymous No.27733393]

>>27732968
Thanks for the clarification. I mostly assumed you meant penny stocks or something as "non-boomer stocks". Those are all fair points.

[Anonymous No.27733400]

>>27733325
Puts and calls are for idiots as is forex.

[Anonymous No.27733519]

>>27732968
Well done, you are one of the stupidest posts I have read today and that's an achievement.

[Anonymous No.27733531]

>>27733325
the answer is in this book, just for you

[Anonymous No.27733696]

>>27732814
You are right, but then we're talking about a completely different strategy with different pricing patterns. What you're describing requires far stronger bullish momentum to make money and still retains outsized maximum losses. The advantage is the potential for infinite gains, though outpacing the potential losses requires a much, much stronger move.
The problem with spreads isn't vega anyway.

[Anonymous No.27733789]

>>27733393
He likes to buy shit late and then feel safe ina herd of morons. Apple is a shitty stock, MSFT slightly less so (I have 840K in Msft but I got it in 1996). If you listen to this idiot who wants to divide stocks into 'boomer' and 'retard zoomer' then you deserve to get gme'd

[Anonymous No.27734140]

>>27733531
I can't right now. I'm reading this one currently, I'll check that one out later.

[Anonymous No.27734175]

>>27733789
I didn't get GME'd. I have a portfolio worth about ~500k right now. Most of this is in S&P 500 tracking ETFs, 10% is in rising markets, 10% is in bonds, and I like to play around with another 10% and do options/single stock trading with it. Why do you think Apple is a shitty stock?

[Anonymous No.27734286]

>>27734175
Don't respond to it, maybe if we all ignore it it will go away.

[Anonymous No.27734340]

>>27733325
>buying options

[Anonymous No.27734487]

>>27733696
ok i see now. he wanted a short position on memes. dont short memes

[Anonymous No.27734521]

>>27734340
>selling options

[Anonymous No.27734549]

so is arkf for december free money plz say yes

[Anonymous No.27734795]

>>27732547
I've had a hard time finding decent strategies it seems any strategy I use blows up as the market moves in the opposite direction. It might be my entry thats whats doing it but honestly I've had some good entry points that just dont work and its hard to tell what im doing wrong

[Anonymous No.27734804]

Options scare me so I don't use them

[Anonymous No.27734810]

>>27732814
and to discount that call, you can sell another call at a higher strike :^)

[Anonymous No.27735061]

>>27734804
same i keep losing my ass on them. i bought one arkf long long call and im just waiting to see what happens. dont think ill lose money unless theres a full on market crash

[Anonymous No.27735163]

>>27734795
Have you tried simply running the wheel on good companies to get your feet wet?
What strategies have you actually tried so far and what happened that made them fail?

[Anonymous No.27735288]

>>27734810
>iron condor when you could do superior box memes
ngmi

[Anonymous No.27735475]

>>27734810
great tribesmen think alike. i wish i waited a few days before condoring my msft position that shit will just not fucking drop

[thetalad No.27735801]

>>27722495
I used to bake these threads and then I was getting banned by mods for some reason

[Anonymous No.27735962]

>>27722495
Based theta seller.

> t. Tastytrader

[Anonymous No.27736252]

>>27732547
I sell put credit spreads on index etfs/tech blue chips. Cap premium at like 10% of collateral, and when in doubt, always choose safety over more profit. You will lose occasionally, but you win often enough that you will make up losses quickly (divide your trades into smaller blocks and spread them out by date and by index. If you have 5000 total, do trades capped at 500 collateral per position, so 50 in premium. You can see how this can be stacked). Just watch market indicators and develop a sixth sense when you feel like danger is approaching. DXY, vix, and 10 year yield are all things you need to watch before entering for the week.

I am getting antsy about what DXY is doing right now, for example

[Anonymous No.27736265]

>>27735163
tried credit spreads debit spreads and a butterfly spread have not done any iron condors. Also learned not to do anything naked though leaps seemd to do better than any of the others but we are in a bull market so I attribute it to that. Think the biggest thing is IV crush its gotten me so many times because i've seen a lot of movement on something and then it just flatlines as soon as i enter in

[Anonymous No.27736306]

>>27735801
well you should start them more often anon

[thetalad No.27736422]

>>27736306
I get banned every time I don't understand why

[thetalad No.27736614]

Nothing makes me happier than seeing my options general continue to be alive, theta is the way, but get your fuckin tastyworks account lads

[Anonymous No.27736668]

Whoa.. a rare options general?

What's good my niggas

[Anonymous No.27736867]

Shitty salmon fags what happened?

[Anonymous No.27737039]

How do I double a 4 digit portfolio

[Anonymous No.27737045]

The only people talking shit on simple long puts/calls are dogshit traders that try to squeeze money out of the inefficiencies of the market

How about you go brush up on your trading skills, kiddo. I’ll do you a solid and show you my portfolio since you’re really struggling

I got 10k on EWJ and EWH calls, 5k on UUP puts, and 4k on XLE puts

All ITM and all feb 19 exp

[Anonymous No.27737085]

>>27720174
I have never heard the term "Leap" in this context. I'm curious. What is it?

[Anonymous No.27737115]

>>27736422
>>27736614
stop namefagging and don't shill for tastytrade?
shouldn't be that hard if it just becomes a rolling discussion general instead of some /pol/-tier containment general with permanent links

[Anonymous No.27737212]

>>27736265
IV crush is not really a problem for credit and debit spreads (because you buy and sell just as many options, it should approximately -- though not exactly, check vega of course -- cancel out). Specifically, credit spreads usually have a slight negative vega and debit spreads usually have a slight positive vega. Those are still theta plays though, so unless you did something really bad, the theta should easily outdo any changes in iv. Butterflies are literal IV plays so if you merely think (rather than know) the problem was IV (not IV crush), you were definitely doing something very wrong.
Check the greeks better next time.
"Naked" only really refers to selling naked calls because they have infinite potential downside. Naked puts are usually not actually possible and have a fixed maximum cost anyway. Buying options is not naked, you're literally paying the max loss upfront. Same with buying puts.

[Anonymous No.27737256]

Hope you fuckers got Ford calls for $12

[Anonymous No.27737270]

>>27733299
no one asked, dipshit.

[Anonymous No.27737279]

>>27737045

*XLU puts, not XLE. You’d have to be literally retarded to try and short commodities/energy right now.

[Anonymous No.27737365]

>>27736867
- Wrong thread
- They had an offering at $8.5 for 13m shares (somewhat less than 1/5 their current market cap).

[Anonymous No.27737489]

>>27726777
>spreads give me better leverage
>mainly sell put spreads
Pick one. Artificial stock Long/Long CALL crew, rise up!

[Anonymous No.27737604]

>>27736252
So what I'm saying is that you basically have two ways to do spreads:
- The Correct (tm) way, like you're describing, which I claim yields relatively little gains.
- The Wrong (tm) way, which is basically gambling in exchange for higher profit probability.
It's an alternative to playing straight boomer stocks, but I claim it is easily outdone by boomerlonging a few good stock picks.

[Anonymous No.27737719]

>>27737085
Long-Term Equity Anticipation Securities, i.e. any option that expires in 1 year or more.

[Anonymous No.27737779]

Someone explain Robinhood exercise button

[Anonymous No.27737802]

>>27720174
I got 40k freed up to yolo on some options biz, I wanna break out of 6 fig hell

what’re we buying anons

[Anonymous No.27737839]

>>27727155
>been looking at NOK
Do they have a product with a touch screen yet? The fact that I don't even know this is why they are on hard times. The fact that everyone associates their products with ruggedness, is why they have massive potential.

[Anonymous No.27737843]

>>27737604
higher profit outcome, lower probability* for the wrong way.

[Anonymous No.27738207]

>>27727155
Right on... I just snatched up some waaay future calls at $2 strike (artificial stock). Among companies that are struggling, it has a positive EPS, and a good history.

[Anonymous No.27738280]

>>27737779
dyel

[Anonymous No.27738547]

>>27737779
Pretend it doesn't exist

>>27737604
I think the main advantage is the fixed time frame, the predictability, and the fact that I still benefit if things go up, sideways, or slightly down. I know I'll be making that money by the end of the week/next 2 weeks. I'm not sure I could have hit 300% growth last year in a boomerlong, but I could be wrong. I'm planning to funnel profits into LEAPS and tqqq, haven't quite decided on plans there yet.

[Anonymous No.27738827]

>>27737212
thank you this really helpful

[Anonymous No.27738828]

>>27727963
>Or is my strategy wrong
Selling puts is less capital efficient than buying artificial stock (long call, deep in the money, 2 years out), because you will likely be forced to cover your short PUT with cash... So you actually pay for the stock up front.
Seriously though, if you have only $1000, I would put that in a brokerage that lets you trade CDs willy nilly... THey generally cost about $1000, you can get them at any expiry you want, so you can trade one every day if that scratches your itch, and they're very safe (and one of the few instruments that's insured by the federal government). I'd do that while doing meaningful research into various stocks. Eventually, you'll pick up the scent of something you like, and by then, you'll have a bit more money saved up. A lot of brokerages right now don't beat you up on trade fees, so you can buy small quantities of things now and then, and then build up some diversity over time, while adding to the stocks you like, but are temporarilly down.

[Anonymous No.27739132]

>>27727968
You are arguing the worst case examples as if they are the most probable. This is not the mark of a good argument, nor an honest conversation.

[Anonymous No.27739146]

Options stress me the fuck out bros

[Anonymous No.27739241]

>>27722495
Redpill me anon, I know what options are but I dont know the hook yet

[Anonymous No.27739483]

>>27737039
Buy memes literally

[Anonymous No.27739653]

>>27732432
>watch a video about the "wheel"
As in: "Break a deal, face the wheel" ?

[Anonymous No.27739694]

What is the least stressful way start off making a stable 900-1k a month for rent so I can get out of manual labor? I can start with anywhere from 1-5k. Most people tell me just do alt coins instead of stocks but is that the best way?

[Anonymous No.27739849]

>>27720567
There are actually complexities to what you just said. You can end up losing money if your short expiry covered calls aren't OTM enough. You need to do the math so that isn't possible.

[Anonymous No.27739998]

>>27739694
Stocks are safer than alt coins, just make sure u keep up to date with the stock u hold and have alerts on incase of any news that could effect the price. Alt coins can crash at any moment, u could be asleep and boom u lost all ur money

[Anonymous No.27740029]

>>27720567
>>27739849
By losing I mean OWING money past the debit.

[Anonymous No.27740154]

>>27739694

Find out your probability of being correct (sizing), the average time frame for you to execute (expiration), and then find your edge over the market, whether that be macro or technical, and trade what you know

It all comes down to math, probability, and having a process, read the misbehavior of markets. There is no such thing as chance, if you are correct but lose money your process is shit and needs adjustments

[Anonymous No.27740160]

How do you guys report capital gains for options trading? Do you literally have to go through every option trade that you won, or can you just report EOY profit?

[Anonymous No.27740282]

>>27736668
NOK, BGS, RBCN are my bets for today so far.... Need to keep my cash high for bills next week. :P

[Anonymous No.27740320]

Stock picks aside, am I being too conservative with my spreads?

[Anonymous No.27740357]

>>27720174
You'd be better off selling cash covered put on Ford

[Anonymous No.27740463]

[Anonymous No.27740544]

>>27737719
>option that expires in 1 year or more.
Oh shit! I've been looking for a good and brief way to say that....Thanks! I'm all about those fuckers. They are like stocks if you buy them deep ITM, but the gains are amped hard.

[Anonymous No.27740556]

>>27737779
It's only on the app and you hit it when your short leg gets exercised. Only then.

[Anonymous No.27740654]

Literally just sell covered calls and use preimums to buy more stocks and sell more covered calls.

It isnt hard

If shit gets assigned dont cry about only making 9% and not 15%..just move on

[Anonymous No.27740682]

I sold my first covered call Monday. Where do I get my crab starter pack?

[Anonymous No.27740792]

How do I into options?

[thetalad No.27740805]

Is anybody paying for Options Flow here?

[Anonymous No.27740825]

>>27740654
I'm thinking into transitioning into this. Don't know what kind of stocks are good for that where the premium is still good.

[Anonymous No.27740896]

>>27739653
No, the Wheel of Pain.

[Anonymous No.27740936]

>>27740544
So are the losses.

[Anonymous No.27741142]

>>27739146
What's your money in?

[Anonymous No.27741160]

What do you guys think about QYLD Global X Funds Global X NASDAQ-100 Covered Call ETF?

Is it ever worth it?

[Anonymous No.27741238]

>>27739146
>Options stress me the fuck out b
Do your due dilligence before trading an option on something. You should have a modicum of confidence, or just not put your money on it. If you want to place money on longshots, you should set a hard cap on how much of your account you use for that activity. I think Goofball Jim Cramer suggests 5% max TOTAL on high-risk high-reward positions. If you just made an account and put all your shits on something that someone told you to do, then you just payed "Educational Expenses". Learn from it. Nobody is going to tell you which stock will make you wealthy, when they could simply do that themselves and keep the money. If they're letting you in on it, then they are intending to make a play off of you. (most common)

[Anonymous No.27741263]

>>27739146
Is that buying power from credit? It's more than your equity...

[Anonymous No.27741382]

>>27720174
Options Traders - STOP.
Read this thread: https://twitter.com/AWice/status/1340095435688484864

[Anonymous No.27741483]

>>27741238
>Nobody is going to tell you which stock will make you wealthy, when they could simply do that themselves and keep the money. If they're letting you in on it, then they are intending to make a play off of you. (most common)

That's not really how that works. If you get others to pump your position up with memes, and they buy in and get others to pump their position up through memes, you both make money.

[Anonymous No.27741523]

>>27741160
I'm not convinced, but it'd be fun to buy a few hundred shares, set it to drip, and watch number go up.

[Anonymous No.27741610]

>>27741382
crawl back to speddit and die

[Anonymous No.27741931]

>>27741382
tl;dr you frog-posting nigger

[Anonymous No.27742024]

>>27741382
This is retarded. What is this false axiomatic assumption that options have "no edge" against the market? You can pull moves with options that you can't by holding shares. You can hedge with them in ways you can't hedge with by just holding shares.

Owning a share is the same as owning an option with expiry infinitely in the future with a delta of 1. If you have no "edge" with an option, then by definition you'd have no "edge" with a share, as I just explained.

[Anonymous No.27742145]

>>27741523
JUST REALIZED YOU CAN WRITE COVERED CALLS ON A COVERED CALLS ETF

[Anonymous No.27742362]

>>27740825

Im not clsiming to be warren buffet or something butnliterally its thr fucking eadsiest thing to do

Here is an example from my portfolio

Bought 5200 shares of sundial..price .42 cents...

Sold 52 contracts july 16th for $1400 (.26 cents)...strike $1.50

Took $1400 bought 1000 more shares for .44 cents sold 10 more contracts for $260

Kept the $260


Bro my original stake in sundial only cost me $2200...ive literally already made an 80% return on july 17th..if the stock gets assigned thats another 75%

[Anonymous No.27742395]

guys, is paying for options flow worth it? i am currently with market chameleon premium and it looks comfy

[Anonymous No.27742582]

>>27742362
Yeah you're getting paid to make limit sells, basically. Was the IV for sundial very high or something?

[Anonymous No.27742601]

/biz/. Please, don't teach the gentiles about options. It's too dangerous for them.

[Anonymous No.27742684]

>>27742395
I use market chameleon to scout out options and big IV moves, it's great and I don't even have to pay for premium features. I've been looking into option flow tools, but they're just expenisve.

[Anonymous No.27742792]

>>27742362
Can't even trade sundial options on robinhood, lol.

[Anonymous No.27742857]

>>27742684
im on a trial for now, cant find enough value to actually pay 60 bucks per month desu, but i havent explored the full skills of the platform yet

[Anonymous No.27742948]

>>27742857
I meant that I don't need the premium features so I don't pay for it, but I still use it a ton.

[Anonymous No.27743034]

>>27742582
Pennystocks in general have extremely inflated option prices.

[Anonymous No.27743108]

>>27736668

Yall get in here lol

>>27740545
>>27740545
>>27740545
>>27740545
>>27740545

[Anonymous No.27743248]

>>27743034
High vols

[Anonymous No.27743270]

>>27740936
>So are the losses.
Yes, obviously. But just because it works well, does not mean that it's free shit that obviates you of doing your due diligence. If you find something that should do well soon, but you don't know how long it will take, a LEAP could be great. They work well for me, as many/most of mine at any moment are red. Every week, there tends to be a group of them turning green. Some turn so green that I sell them, and I've done well with that so far. I spend more money to limit the extrinsic I pay for, and that means I have a potential for a larger loss, but I think that's countered by the likelihood that I will at least get stuck with a stock that I already vetted. Then, I can sell calls against that stock to reduce its cost basis. By selecting the strikes on those short calls, (which are covered by that stock) then I know how much I'm able to gain if it goes into the money. If it doesn't, I just buy back or let the option expire, and it's income. Eventually, I'll lose the stock, and that's ok, because I chose the price at which to lose it. There is no free money, but this arangement has worked well for me so far.

[Anonymous No.27743296]

just bought $5,000 worth of AQB june 12.50 calls

[Anonymous No.27743662]

I’m a retard. Would anyone be kind enough to explain selling long/short term options to me?

[Anonymous No.27743784]

>>27740160
most brokers have an option to export all the transactions to an excel file

[Anonymous No.27744077]

>>27743270
I'm too ADHD to sit on LEAPS but there were definitely times I know they would have been worth it, but with LEAPS you need to pick your exit, which I hate worrying about.

I prefer to treat the market like a strategy game where a "turn" is a month and I buy spreads with the short leg closer to ATM, so over time it will always appreciate to its maximum value (I get paid to wait, even if the underlying drops 10%). At the end of the "turn" I cash out a week before expiry and so far have been making ~30% a month doing that, but have been missing out on the upside of basically everything in exchange for reducing my breakeven and more consistent returns.

I'm looking into LEAPS because I think I'm only making this strategy work because the market is ridiculous right now.

[Anonymous No.27744114]

>>27742362
Nasdaq FSI: Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

...That fucker is going to be delisted soon. If not, it will be because they do a massive reverse split. What comes after a massive reverse split is generally a selloff (because buyin wasn't happening before, and a reverse split isn't exactly welcoming). If you really did this shit, you will end up with a tax deduction. That's my opinion.

[Anonymous No.27744150]

>>27743108

Holy shit kek

[Anonymous No.27744408]

>>27744077
Picking your exit by time frame, or by strike price?

[Anonymous No.27744529]

Im current holding deep ITM calls on TSM and AAPL.
Selling poor mans covered calls against them.
Selling about 5-7% OTM weeklies which imo is pretty safe.
Currently making about 600 a week of aapl and 1k a week of TSM. This is off about 50k invested.
I understand the risks of this and if the front month goes itm and the back month getd called away and I lose all intrinsic value, but if it even gets to a point where I am so deep ITM on the front month i can always just close the entrie trade for a profit.

[Anonymous No.27744898]

>>27723112
Up 100% on these today lel. 120% total return on the $50 strike, 50% total return on $40 strike. Will probably hold but part of me wants to take profits and call it.

[Anonymous No.27744928]

>>27743248
Not exactly, it holds even for stocks that literally never move.

[Anonymous No.27744946]

>>27744408
I set a limit sell at 90-95% of the max possible return (long leg strike - short leg strike) then just wait. That works 9 out of 10 times, but I have a self imposed condition that if underlying drops below my breakeven and there is only like 2 weeks left I close it out early for a loss because the long leg is decaying faster than the short leg so waiting won't help if the stock stays where it is.

[Anonymous No.27744980]

>>27743662
>selling long/short term options to me?
When you sell an option, you do so for a premium, that is partly based on the time remaining. As the time dwindles, so does the premium. This is called Theta Decay. This represents income you're getting from the position. If your position comes closer to going in the money, that premium will increase, however, and you will see red. When you sell an option, you want it to expire out of the money, and therefore worthless, so that you got paid for some shit that turned out to have no value. A lot of people believe (and I too to some extent) that there are good reasons to get rid of a short option at the 21 day mark if it's currently profitable to do so. This is the point in the logarithmic curve of Theta Decay where you've gotten most of the possible income, but after which, Gama Expansion can flip your winner into a loser with a quickness.

[Anonymous No.27745034]

>>27744946
*short leg strike minus long leg strike, my bad

[Anonymous No.27745539]

I've been selling weekly PLTR calls 10% OTM for two months now and have made an extra ~10% on the stock plus 300% appreciation.

[Anonymous No.27745668]

>>27744077
>the market is ridiculous right now.
Yeah... The market is not fucking still waters at the moment... This implies a high volatility though, and that's the condition where options are meant to calm the waters... These are reluctantly the days of options traders. Do not fret.

I find it very interesting that you consider LEAPS to be a nope for ADHD, as this is what I found best for keeping me from overtrading out of excitement and missing bigger gains. Your point does grab my attention though, and I'll certainly look into your method, as I like the sound of time units. If you look at a theta decay curve, you may want to switch to placing your spreads at 50-60 days, and overlap them. By "buy spreads" what type of spread do you mean? If it doesn't have a name, can you describe one so that I can work with it?

[Anonymous No.27745875]

Running the wheel on sundial $1 puts. I really don’t want to own them

[Anonymous No.27746120]

All right Silver Surfers what does this tell you in terms of options

[Anonymous No.27746960]

Is selling a LEAP after the 1 year mark for tax purposes a primary concern, or just a nice benefit? I know it will depend a lot on individual tax situations, but I feel as though if I buy a LEAP on tqqq and it jumps 30-50 dollars in price by the 6-9 month mark, it might make more sense to sell it and enter a new one.

[Anonymous No.27747232]

BUY ROLLS ROYCE

[Anonymous No.27747318]

>>27746120
It tells me that these niggers have gotten so big, that they are restricted to moving in and out of positions only with the aid of a reciprocal partner. Individual investors have no effect, and smaller funds don't have the buying power to really facilitate an open or close. Megafunds are essentially trading positions. It also kinda means that PM mines are propped up by huge investors, but also need to be, lest PMs plumet... would be funny if China went bankrupt over night due to a quick dicking of the PM miners.

[Anonymous No.27747457]

>>27745668
2 months out would cut into my monthly gains a lot. The decay is faster farther out and I rely on the decay. Theoretically you have more time for the stock to increase in value, which can help you out of a bad spot, but I just don't want the underlying to go down more than ~5-10% or my gains start getting eaten up (depending on initial volatility).

My spreads have both legs ITM, with short leg around .6 and long leg around .8 delta, but it can vary. I look for opportunities to make about 30% gains and I look at where stocks have been in the last 3 months, where supports seem to be, and think about where a safe breakeven is and if there will be IV crush or not, check out when earnings are, etc.

In terms of a name, I haven't really found much info on it, other than this section from Options as a Strategic Investment. I tell people about it a lot because there is little info so I'm kind of exploring unknown territory.

[Anonymous No.27747679]

>>27747457
*decay is slower farther out

[Anonymous No.27747937]

>>27747457
i do some thing similar, but going for 1 month out at 50% gains and either closing or condoring for the swings

[Anonymous No.27747963]

>>27747318
if PM miners go down, PM goes UP, not down. That would indeed be bad for the big banks because they all artificially repress PM prices.

[Anonymous No.27748410]

>>27747937
I've pulled of up to 70% a few times recently with spacs or ipos like lgvw or palantir because they fit all the parameters but one of the legs was just expensive or cheap that led to it being double the gains. I don't know enough about stock movement/TA to trade a condor or swing trade for that matter, I'm just trying to pick things whose volatility is mostly on the upside.

[Anonymous No.27748702]

>>27727441
i would also like to ascend to the next level

[Anonymous No.27749002]

>>27735801
>>27736422
>>27737115
It was probably the links to all the pirated books.

[Anonymous No.27749912]

>>27745668
>>27747937
Also the reason why I like it is I can do retarded shit, like buy AQB spreads yesterday, where it dropped down 13% today, and I still make money off of this one if it holds at this lower level. Need to keep a barbell of reserves obviously and diversify, it can get black swanned.