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/biz/ - Business & Finance

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17873550 No.17873550 [Reply] [Original]

Trump has frozen interest in federal loans!
Do you know what this means college bros?? This coupled with the tanking stock market is literally FREE MONEY
>take out extra 50k USD in INTEREST FREE student loans
>transfer all of that into a robinhood gold margin account
>sell 100K usd worth of call options of SPY, immediately bank 3.5K USD profit
>contract expires because corona virus bear market is real
>rinse and repeat
Do it ~8 times and you’ve paid your 50k investment back. Literally everything after that is free money

>> No.17873625

>>17873550
Put your money where you’re mouth is, wise guy.

>> No.17873652

>>17873625
I’m no longer a student so I can’t take out any interest free loans. Just trying to help some of the zoomers out with some sagely advice.

>> No.17873667

>>17873550
Or put it in a bank
Get interest from there
Get rich

>> No.17873686

>>17873550
How do I take out the loans that are interest free? Legit asking, if I make it I will remember you.

>> No.17873687

>>17873667
Boomer gains of 0.02% a year. How exciting.

>> No.17873700

>>17873652
No Bank is offering 50k loans atm

>> No.17873715

>>17873686
If you’re enrolled you can probably due it online (I could do it through my schools website back when I was a student)
You probably need to wait for the next semester if you haven’t withdrawn any loans out for this one. Just max out your student loans next semester and ask for a ceiling increase if needed. The interest rate freeze is indefinite and this is free money anon.

>> No.17873788
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17873788

>>17873667

>> No.17873881

>>17873550
You're saying buy calls in the money and immediately sell for a profit? Just not sure how something would be so simply exploitable.
If I'm retarded that's okay too, just confused here.

>> No.17873911
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17873911

>>17873686
>if I make it I will remember you
you'll zuckeberg the motherfucker don't lie

>> No.17873986

>>17873550
Does this work for non americans as well?

>> No.17874192

>>17873881
No, you sell margined call options with short validity dates and collect the bid. This market isn’t going up anytime soon so it’s FREE MONEY.

>> No.17874228

>letting your options contracts expire
WEW you mad lad you.
I would never have the balls to let my contracts expire. I would get rid of them and take the profits and play it safe

>> No.17874251

>>17874192
until the market pumps just before close

don't think you can't get manipulated for a day and fucked out of all your gains.

>> No.17874287

>>17874192
Thank you for being more specific friend, doing more research into this as we speak. Is there a "buzzword" for this to Google and find specific reading? Is it covered calls or am I sidetracked already

>> No.17874296

>take 1 billion dollar loan at 0% interest
>im a billionaire now
>buy usdcoin

fucking poorfags

>> No.17874354

>>17874296
>loses it
Hahahahahaha

>> No.17874372

>take out extra 50k USD in INTEREST FREE student loans
>transfer all of that into a robinhood gold margin account
Yeah, no. That sounds like fraud, OP.

>> No.17874395
File: 313 KB, 747x870, 4894941561654.png [View same] [iqdb] [saucenao] [google]
17874395

>>17873550
will they let me send this to a brypto exchange ?

im looking to buy shitcoins for cheap

link xtz ogn zano

>> No.17874409

Linkies should just shut the fuck up

>> No.17874634

>>17874372
It’s perfectly legal friend

>> No.17874693
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17874693

>>17873550
>writing naked call options
*bzzzz bzzzzz bzzzzz*

>> No.17874718

>>17873687
Ally is 1.5%