/biz/ - Business & Finance

>>56455218
>the directional butterfly pill
fun new way for /smg/-lets to lose all their lunch money

>>55642714
There are endless stories about retards losing tens of thousands of dollars trading options. I've heard way too many of them to consider doing anything more complicated than selling calls.

At most I've made a few hundred off premiums.

VIX futures market maker paypigs
>the sluttiest
VIX futures contracts
>shorted
VIX futures market maker bussys
>taken
VIX futures market maker paypigs allowed to cum
>none
All in a days work for volatility Chads

I cannot find a spread to sell.
I have looked dozens of stocks and only 1 breaks even 70% prob otm with $29 premium. Everything else is 70% prob otm with $21-$22 premium even when their IV rank is over 70.
Should I keep waiting or do I sell despite starting in the hole.

>>50423191
>T. Seething option buyer

>>50415840
My P/L statement thanks you.

>>30017317
>Selling covered calls is like running a casino.
These are good for the conscience since you know it's only degenerate gamblers losing their money to you as they should. Literal findom

itt: fucking retards

see you again soon

>>29243924
>Oh noooo please don't force me to close my position at profit
Lmao just give me your fucking money, retard

>Been capped at my gains for like half the month because of selling covered calls
>Everything is dumping but I'm either still going to be green by the end of the week when my calls are assigned, or they might dip just slightly below and I'll walk away with everyone's premiums
THETABROS, CAN WE EVER LOSE?

>>28976736

>>28970500
Based fellow thetachad

>>28921744
>Can I find how to do this shit on youtube? Seems too good to be true though.
Here's a pretty decent channel for newbs https://www.youtube.com/channel/UCfMiRVQJuTj3NpZZP1tKShQ
>>28921756
>what the hell is selling calls
Imagine you have 100 shares of glorious SOXL. Selling calls is where you sell somebody the right to buy your shares by a certain time for a certain price. These are the expiration date and strike price respectively. In my situation, I sell calls that expire in a month or less. Somebody pays me $2000 for the right to buy my SOXL for $900 a share anytime between now and March 19th. If the shares don't go over $900, I pocket the premium. If SOXL goes over $900, I have to sell my shares for that price.
>>28921873
Yep. There's a reason why I all in SOXL instead of TQQQ. More than just my love for semis

>>28618030
Absolute brainlet, trading on a 5min candle basis.

closed $470 worth of worthless options today. feels good being a theta jew. i """lost""" $1500 off my real investments but still took in some cold hard cash

>>28509522
>Put 2000 in calls
>It doesn't moon like you thought it would
>Expiration comes along
>Lose your entire investment
Theta gang wins again

>>28337615
Yawn... you had 4 years, and you fudded my bags the whole time. too late bobo

>>28215627

>>25965220
You and me both. I bought 8 calls back last week and 3 this morning. Still have some that should expire OTM tomorrow. The bright side is even rolling for break even, since the price is mooning so hard, the rolled amount is a smaller and smaller fraction of overall account size. At least that's what I console myself with

sell your PLTR calls today fellow theta jews

Friendly reminder to join THETA GANG

>>24632565
No it won't you retard. It was a shitty dime-a-dozen dude weed stock who got a brief pump because of a legalization bill. Even if it passes, guess what? LEGALIZATION DRIVES DOWN THE PRICE. See Canada.

I dunno who's crazy enough to bother selling covered calls on SNDL, but whoever is, is laughing his ass off at your retarded ass.