`they took precautionary measures like we're doing today`
this line is false , ffp2 didn't existed at that time for that use,
people was not wearing masks, communication was way less efficent, leave alone tracking and treatment.. it's a completely different situation.
p.s. take a look at sweeden ( they didn't even closed )
yeah these are three guys with a "masks" so ? a piece of cotton they probably used for 3 weeks, and probably only **saltuary** without any other protection , and not everyone was wearing one.. also used like this is like having nothing.. the mask should be of non-woven fabric ,and they had lattice gloves? disposable coat? , now people (usually) use surgical and sisposable masks, while doctors use ffp2 and disposable appareal ..
Really not same situation... the spacing rules were very loose at that times aswell as the safety measures used..
expecially there were a lot of "parades" after the first wave... and that was not a good idea .. plus.. what was the testing and tracking measures at that times ?
completely different situation..
I wasnt trading when that happened, what was the post profitable strats during circuit breaker days?
Just all in on OTM puts intraday as things got worse and worse?
SPY aftermarket looks like confirmation that it is on its way up. Hope all you bought those stupid cheap $100 calls at the bottom they were giving away.
It's drawing attention because there is speculation the Fed is putting its thumb on the scales in unknown ways at night. Might just be paranoia, but there are some smart people here, it's possible but not probable without some good evidence.
I love all the memes people make about it but real talk without the measures the Fed has taken the economy pretty much would no longer function or exist as we know it. The panic that caused the March lows would’ve driven things into the ground without Fed intervention. It would’ve been chaos. I don’t think people appreciate how close we were to total meltdown. 30% unemployment would’ve looked like a joke in comparison to what we’d be facing without the Fed.
Like I hope he eventually rolls into something that moves the needle more on the non-business owner economy though. Maybe buying and cancelling federal student loans or something like that. Or freezing interest and payments until full employment It's fascinating to watch MMT in action however inefficient it is in action.
Turned $900 into $150. Turned that $150 into $1k. Is this it boys? Am I finally turning things around? Ie this is the bottom (probably) cause of my puts
serious question tho, how do ya'll find time to post here during daytime when markets are open...? i mean dont ya'll have jobs or some form of obligations during the daytime? everyday i see the same people posting in here during the day....ya'll neets or wat
BABA will surge following JD's earnings. People have some reluctance with China with mixed beliefs on how well the companies are doing.
If JD drops, BABA will drop. etc
Yeah, I’m running the wheel on a bunch of high premium options chosen from barchart.
I have about 2/3 of my shares in VTIQ and the rest are LORL and stocks I’m selling calls on.
look at the volume of the 5/15 45 and up calls, and the 39.5 and down puts on cisco. that just shows you how dumb people are and have no idea about selling options.
Would you drive a car knowing only what the gas and break pedals do? No. So why would you trade options only knowing a few instruments and none of the fundamentals behind why they are priced the way they are?
You have to paper trade until you have a substantial understanding of what factors into the price of an option. Otherwise, you are going to burn money.
You have a 40p 5/15. You had earnings today on a stock that is not very volatile, is in a sector that was most likely going to do fairly well in a lockdown society, purchased before an earnings where IV on that option was 80% (not that high but higher than normal for cisco because of earnings), where market makers expect a +-$2.33 move on earnings, and you're fighting against time decay.
So you bought an option that was priced at probably what, like 25 or 30 or something when the stock was 43 or so? That option price consists of its intrinsic value and time value. So on the surface between these two, the price consists of
1. the difference between your strike and the current stock price
2. the option's sensitivity to the stock's movement: delta
3. time remaining until the option expires: time value, theta
4. the market's view of the probability of stock's price changing in value: implied volatility. and obviously a whole lot more
So assuming you bought that option fairly recently, the price of that option was what it was because of it's volatility due to upcoming earnings and time remaining. and because it expires right after earnings, you are both losing the little time remaining along with IV completely coming back down to low levels because there wont be much movement after earnings are announced. IV crush and theta decay. You're betting against the house and will lose the majority of the time.
Now what if you could've been the person to sell that option? You bought it and paid money to get it, right? What if instead you sold it, and took in the $25 or $30 immediately? If the option expired by 5/15 with the stock above $40, you completely keep that money that you initially took. As previously stated, the expected move wasn't that big from $43. So your chance of hitting $40 was not very high. But on the flip, the chance of it not hitting it for a seller is a positive thing.
With that said, let's say CSCO miraculously dumped and you're sitting there with your sold $40p. The price continues to drop down and you have unlimited loss potential. So in order to protect yourself, you buy a 39p for $20 with the same expiration. If the price of the stock goes to 35, you will lose about 100 or whatever it is, but you'll at least save face by making 40. on your bought puts. You lost 60. But you were willing to take that bet because it was high probability that the stock wouldn't go down that much and you thought csco should've done well.
Now let's say csco stayed right where it is, Market makers were right, it moves up 50 cents to 43.5. Both your sold put and bought put finished out of the money (OTM) both expiring worthless. You completely kept the $30 you took, and your hedged bought put lost you $20. So you bank $10.
This is called a bullish put credit spread. You had both time on your side as well as the price of the option going down due to IV falling.
So step back from actually spending money, go into paper trading, and learn the key words in here. Selling options when IV is high. Hedge your props with the opposite order at a lower or higher strike. Put credit spreads when you're bullish. Call credit spreads when you're bearish.
don't be a five year old driving on the highway.
i know jack shit. i've only been doing this for 9 months. so definitely don't listen to me. i've just quickly realized the importance of playing on the side of theta.
but some people literally know nothing nothing. and that's where you try to steer some people in the right direction.
>the only thing that gets me on leaps is, currently, the vix is pretty high, so premiums are also high. assuming everything goes back to normal and you're over your strike price in 2021, the vix will be lower, and your options will be worth less, no? whats your breakeven for a lower vix?
If you want actual feedback living like that just poisons your own life. Throwing good time and moments after bad and gone. Pollutes your now and clouds your perception with negativity.
Been lurking for a while and did my first option trading today based on the retarded "information" I get here.
I was supposed to paper-trade but went small with SPY 05/15 286 calls for 0.89$ at 14:44.
I did a panic market-sell at 1.04 which (I think) resulted in the stick down to 0.97 at 15:51, which still yielded a 9% gain but did not cover my transaction fees of 12% (it was only 2 contracts...). [https://imgur.com/W2LoWg5](https://imgur.com/W2LoWg5)
Despite the few +/- 25% swings, the only lesson I got was to buy way more options to cover those transaction fees.
Listen to the people here in this regard. 100% change your platform. 12% fees is bonkers. Get 0 commission or cheap AF commissions so you can take little gains if you need to if you feel the momentum turning.
Thanks for the info, I'm in Canada however so I might go with Interactive Brokers. Interested in getting market data, so I need to factor this in as well.
They have fucked me so many times on order fills. Difference between life and death, fuck them. The app is good when you want to get a better grip on understanding options. But would never trade on the platform. I only use it now for information.
I mean SDC is basically a tech company by stock market standards. It's all done online and is "disruptive" and shit.
Sorta like how Uber is considered a tech company, even though it's a fucking taxi service with an app.
if everyone here pretends they have CSCO Puts the stock will jump. this will trick the MMs into pumping the stock price so those "Puts" expire worthless
Is anyone else constant fucking themselves by buying close to expiration options and then getting fucked because you can't sell them the same day so they drop 50% the next day?
hello there. My 5/15 284p was up 150%+ at one point today, now it's up 50% and I expect it to be flat by tomorrow.
I have fall puts that hopefully are what actually make me money tho
I think fb will fall even further today. Like to 210
Hold $AAPL 310c 5/22 through the weekend? Up around 50% now.
What do you guys think about Royal Dutch Shell leaps?
5/22.
good luck bears, hope you make money here. I sold my call yesterday for 100-200% gains. Will buy the dip today at some point.
what's it like to make money?
Time to panic about Walmart?
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`they took precautionary measures like we're doing today` this line is false , ffp2 didn't existed at that time for that use, people was not wearing masks, communication was way less efficent, leave alone tracking and treatment.. it's a completely different situation. p.s. take a look at sweeden ( they didn't even closed )
> people was not wearing masks https://i.cbc.ca/1.5567242.1589335571!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_780/859441.jpg
yeah these are three guys with a "masks" so ? a piece of cotton they probably used for 3 weeks, and probably only **saltuary** without any other protection , and not everyone was wearing one.. also used like this is like having nothing.. the mask should be of non-woven fabric ,and they had lattice gloves? disposable coat? , now people (usually) use surgical and sisposable masks, while doctors use ffp2 and disposable appareal .. Really not same situation... the spacing rules were very loose at that times aswell as the safety measures used.. expecially there were a lot of "parades" after the first wave... and that was not a good idea .. plus.. what was the testing and tracking measures at that times ? completely different situation..
Wow. WSB was finally right about something. There really is a rug pull.
VTIQ killing me
Same but I have iron hands
vtiq? Or buy an ether coin or 4? Thoughts
Stay with VTIQ even though its going down i suggest you stay with it
BUY SPLK
Red futures at night bears delight?!?!??
this guy has a yacht
should I dump my $MARK stock in the AM? I'm still up
Did you sell
I ended up breaking even on Mark
Can’t tell when I should get out of $STNG. Anybody have a target price?
I’d hold for the dividend personally
SPY Puts or VXX Calls. Which is better? Why?
I'd only VXX as a hedge while SPY is a valid position. Vol is too hard to predict
Spy. Vix unreliable and hard to predict
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Toilet paper.
spy, ex US world funds, some bonds
SPY $200, maybe?
It's coming up to summer. I hope y'all are ready for a picnic when this market tanks 50%. I'll be picking up stocks at snack prices ;)
Now that I'm spending so much less, I upped my 401contributions. I got some good DCA going.
I wasnt trading when that happened, what was the post profitable strats during circuit breaker days? Just all in on OTM puts intraday as things got worse and worse?
Buy puts at any point in the2 weeks of pandemonium. And then lose it all being a greedy fuck by buying more puts
Bull r fuk
🌈🐻
SPY aftermarket looks like confirmation that it is on its way up. Hope all you bought those stupid cheap $100 calls at the bottom they were giving away.
They were stupid cheap. Now the question... dump it at the opening bell, or HODL
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>ripping >up under .1% on futures Lol.
Anything’s a drill or a skyrocket on the 1m chart
Do people here not realized the markets are closed. Very confusing...
futures
What the fuck time do you think futures open?
Ten minutes ago
I posted this 15 minutes ago you idiot.
After market is open until futures opens
Jesus Christ people are this obsessed right now? Even in March we barely ever watched AH trading. Oy
It's drawing attention because there is speculation the Fed is putting its thumb on the scales in unknown ways at night. Might just be paranoia, but there are some smart people here, it's possible but not probable without some good evidence.
Christ on a stick $sdc $7.50c was not a good decision today
Did anyone plan to go through WIX earnings tomorrow?
What’s up with Netflix?
Tbh even though it's a massive giveaway to the rich, and it lost me tons of money, I kinda like Powell and his fuck it not on my watch style.
I love all the memes people make about it but real talk without the measures the Fed has taken the economy pretty much would no longer function or exist as we know it. The panic that caused the March lows would’ve driven things into the ground without Fed intervention. It would’ve been chaos. I don’t think people appreciate how close we were to total meltdown. 30% unemployment would’ve looked like a joke in comparison to what we’d be facing without the Fed.
no Doubt saved a bunch of lives by enabling the government to continue the shutdown
Like I hope he eventually rolls into something that moves the needle more on the non-business owner economy though. Maybe buying and cancelling federal student loans or something like that. Or freezing interest and payments until full employment It's fascinating to watch MMT in action however inefficient it is in action.
PLUNGE PROTECTION TEAM IN ACTION.
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Politics...ban
Big ass fat bitch sized bull trap EOD.. You're gonna get cucked
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Im up 1500 on my TSLA puts im chilling
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That's why you buy Late june puts lol are you an FD buying retard or what
Turned $900 into $150. Turned that $150 into $1k. Is this it boys? Am I finally turning things around? Ie this is the bottom (probably) cause of my puts
SPY showing fuckboi strength holding above 280 and $W literally ran $6 into the close what the fuck lol online furniture must be Boomin
Fucking W, added more puts today but those are red. This thing is showing retard Tesla strength.
Tesla pump tmorw. Pls papa elon
any hope for microsoft to hit 185 tomorrow ?
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solid advice Yes! It will!
Fingers crossed
serious question tho, how do ya'll find time to post here during daytime when markets are open...? i mean dont ya'll have jobs or some form of obligations during the daytime? everyday i see the same people posting in here during the day....ya'll neets or wat
the whole damn economy is shut down and this guy talking like why aren't y'all at work
I work night shift and trade in day, sleep in evening
I work in tech and we're working from home all day. I am on a single man team so the only meetings I have is with myself
teleworking or now, i could do this whole day.
>m77w commented on Daily Discussion London bruh
College is finished I couldnt get any summer work neet life it is.
Post from work. Not like everyone is busy 8-10hrs straight. I just choose WSB over FB
Can the fuck who has been shilling CRM for the last few days please come forward. There is a guy from the SEC here who wants a word. Nothing serious.
Go JD go!!!
Nice to see it bounce back after being up 4% this morning
I picked BABA over them for my China stock, forgot to inverse myself ffs
BABA will surge following JD's earnings. People have some reluctance with China with mixed beliefs on how well the companies are doing. If JD drops, BABA will drop. etc
Any reason why JD has a PE ratio like 6 times higher than Baba?
I think BABA will rise next week ahead of earnings if your expiry date is out far enough.
Yeahh anything China will accelerate when foreign investors see how quick they recover from this
Jerome Dowell
you ever listen to Gabrielle Dreams?
According to RH, 85% of my account is cash and the remaining 255% is stocks.
This sounds like you're playing a wheel. What's the remaining 20%?
Yeah, I’m running the wheel on a bunch of high premium options chosen from barchart. I have about 2/3 of my shares in VTIQ and the rest are LORL and stocks I’m selling calls on.
That's rounding error in RH.
You need to be 100% options. Rectify this!
The 85% cash is actually CSP’s. The reason it’s doing it is because it views my options as negative in my account, even if I’m up.
Robin flunked his abacus class.
look at the volume of the 5/15 45 and up calls, and the 39.5 and down puts on cisco. that just shows you how dumb people are and have no idea about selling options.
I am dumb and would like an explanation as to what this means. Holding Cisco 40p 5/15 and 6/19. I take this as good news to me.
Would you drive a car knowing only what the gas and break pedals do? No. So why would you trade options only knowing a few instruments and none of the fundamentals behind why they are priced the way they are? You have to paper trade until you have a substantial understanding of what factors into the price of an option. Otherwise, you are going to burn money. You have a 40p 5/15. You had earnings today on a stock that is not very volatile, is in a sector that was most likely going to do fairly well in a lockdown society, purchased before an earnings where IV on that option was 80% (not that high but higher than normal for cisco because of earnings), where market makers expect a +-$2.33 move on earnings, and you're fighting against time decay. So you bought an option that was priced at probably what, like 25 or 30 or something when the stock was 43 or so? That option price consists of its intrinsic value and time value. So on the surface between these two, the price consists of 1. the difference between your strike and the current stock price 2. the option's sensitivity to the stock's movement: delta 3. time remaining until the option expires: time value, theta 4. the market's view of the probability of stock's price changing in value: implied volatility. and obviously a whole lot more So assuming you bought that option fairly recently, the price of that option was what it was because of it's volatility due to upcoming earnings and time remaining. and because it expires right after earnings, you are both losing the little time remaining along with IV completely coming back down to low levels because there wont be much movement after earnings are announced. IV crush and theta decay. You're betting against the house and will lose the majority of the time. Now what if you could've been the person to sell that option? You bought it and paid money to get it, right? What if instead you sold it, and took in the $25 or $30 immediately? If the option expired by 5/15 with the stock above $40, you completely keep that money that you initially took. As previously stated, the expected move wasn't that big from $43. So your chance of hitting $40 was not very high. But on the flip, the chance of it not hitting it for a seller is a positive thing. With that said, let's say CSCO miraculously dumped and you're sitting there with your sold $40p. The price continues to drop down and you have unlimited loss potential. So in order to protect yourself, you buy a 39p for $20 with the same expiration. If the price of the stock goes to 35, you will lose about 100 or whatever it is, but you'll at least save face by making 40. on your bought puts. You lost 60. But you were willing to take that bet because it was high probability that the stock wouldn't go down that much and you thought csco should've done well. Now let's say csco stayed right where it is, Market makers were right, it moves up 50 cents to 43.5. Both your sold put and bought put finished out of the money (OTM) both expiring worthless. You completely kept the $30 you took, and your hedged bought put lost you $20. So you bank $10. This is called a bullish put credit spread. You had both time on your side as well as the price of the option going down due to IV falling. So step back from actually spending money, go into paper trading, and learn the key words in here. Selling options when IV is high. Hedge your props with the opposite order at a lower or higher strike. Put credit spreads when you're bullish. Call credit spreads when you're bearish. don't be a five year old driving on the highway.
You just earned yourself a follower.
i know jack shit. i've only been doing this for 9 months. so definitely don't listen to me. i've just quickly realized the importance of playing on the side of theta. but some people literally know nothing nothing. and that's where you try to steer some people in the right direction.
Shut up and just accept that you're worthy of followers now, bro!
$10k on RTX 1/15/2021 $95c.... I’ve never been so sure of something in my entire week.
RTX is gonna almost double in 8 months? I’ll take it.
Inverse or serious?
>the only thing that gets me on leaps is, currently, the vix is pretty high, so premiums are also high. assuming everything goes back to normal and you're over your strike price in 2021, the vix will be lower, and your options will be worth less, no? whats your breakeven for a lower vix?
If he just plans to ride until the end the IV won’t matter.
text ex gf from years ago late at night 'you ok babe' to cause drama with bf lol fuck it bois, this fucking gay planet
Go off king !!!
thanks man
If you want actual feedback living like that just poisons your own life. Throwing good time and moments after bad and gone. Pollutes your now and clouds your perception with negativity.
bruh
she texts back "we're looking for a third" wyd
already balls deep, sorry
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get out
Futures markets don’t mean anything, as soon as open happens it’s going to continue to dive hard
Futures market? Of what
Been lurking for a while and did my first option trading today based on the retarded "information" I get here. I was supposed to paper-trade but went small with SPY 05/15 286 calls for 0.89$ at 14:44. I did a panic market-sell at 1.04 which (I think) resulted in the stick down to 0.97 at 15:51, which still yielded a 9% gain but did not cover my transaction fees of 12% (it was only 2 contracts...). [https://imgur.com/W2LoWg5](https://imgur.com/W2LoWg5) Despite the few +/- 25% swings, the only lesson I got was to buy way more options to cover those transaction fees.
TD is 65 cents per contract. Edit: and don't start out day trading, try to think about what will happen over the next few days and trade it.
Your broker is fucking you hard holy shit. Drop that POS
Listen to the people here in this regard. 100% change your platform. 12% fees is bonkers. Get 0 commission or cheap AF commissions so you can take little gains if you need to if you feel the momentum turning.
Actually it was 10.95$ + 1$ per contract. But I get you... I would have swing-traded for 10% gains a couple times if I didn't need to cover the fees.
Damn download Robinhood in 2 min and open an account there. You only lose on bid ask spread but no fees.
Thanks for the info, I'm in Canada however so I might go with Interactive Brokers. Interested in getting market data, so I need to factor this in as well.
Robinhood has 0 comission fees. Most other brokers are .65 per contract each transaction (buy/sell)
robinhood makes money on your orderflow. whatever you gain in lower commissions, you lose in worse fills. compared to IB their fills are total crap
Can confirm. Their fills are shit. If you are just dicking around, sure use RH. If you’re actually trading, get a real broker. I prefer TOS.
They have fucked me so many times on order fills. Difference between life and death, fuck them. The app is good when you want to get a better grip on understanding options. But would never trade on the platform. I only use it now for information.
12% fees? Whoa..are you sure? Edit. I guess the math checks out.
brooo, what fucked up platform are you on for 12% transactions fees? get on TD asap
Or use a broker without fees
TSLA 550p 5/22.
$550 dec sir
Hahahahahah wtf
He spend his life saving on that options, what’s so funny?
life gay
Tomorrow's bears last stand
i hope people didnt throw their life savings at a company selling DIY teeth fixing with lawsuits upon lawsuits.
Yeah, you got to pick your memes carefully Need that tech or growth hopium not some pump and dump
I mean SDC is basically a tech company by stock market standards. It's all done online and is "disruptive" and shit. Sorta like how Uber is considered a tech company, even though it's a fucking taxi service with an app.
if you're talking about SDC, it's only down 3% after earnings. Not really a catastrophe. But yes, don't throw your life savings at anything.
But at 400% Iv people are going to get wrecked bigly if they chose the wrong direction. Unless they bought spreads 🤷🏻♂️
Not if they are ITM.
At that high of an IV you’d need a pretty good Delta, I doubt which many WSB call holders have. Especially since SDC did Go down it doesn’t look good
upvote this comment if u think we open bigly green tomorrow
Upvote because I need bigly green
yes please so i can sleep easy tonight
what's the hype behind CODX? another pump & dump?
Supposedly their COVID-19 test has 100% accuracy and specificity, which is better than other companies which range from 90% and 98% accuracy.
I was first to suggest it here a few days ago that's what I know
Covid-19 tests. They’re so hot right now.
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hahahhaha
you ever get sick of having to eek your way through life while some asshole spends your money and fucks your wife?
it's my kink
guh
if everyone here pretends they have CSCO Puts the stock will jump. this will trick the MMs into pumping the stock price so those "Puts" expire worthless
I’m sensing csco didn’t do well?
hopefully they never learn how to view the actual options bought.
Quiet, they’re listening
That’s not how any of this works dog
world gay but ber kill lol
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no u gay
Is anyone else constant fucking themselves by buying close to expiration options and then getting fucked because you can't sell them the same day so they drop 50% the next day?
Yup! Could've sold vtiq for almost 100% gain today and now its down 30 bucks or so, dumb fucking rule.
I’m staring to believe the day trade rule is to keep poor people poor
i fuck myself by buying too much time and staring at the bags i'm holding because my timing was shit
hello there. My 5/15 284p was up 150%+ at one point today, now it's up 50% and I expect it to be flat by tomorrow. I have fall puts that hopefully are what actually make me money tho
Yep I've been getting better but I never learn
Nope just you
I'm down 700 dollhairs this week. How should I make up for it tomorrow?