/biz/ - Business & Finance

Staking shitcoins

>>18424312
Based

>>18424312

ALL IN ON LINK.

How do you stake?

I trade stocks. My job is letting me work from home and I'm doing it as much as I can. Kind of pissed I have to go in Monday and Tuesday, because then I can't watch the market like I should be doing.

My small side business is busy as fuck

>>18424223

osrs sand casino

>>18424223
>Asking people who don't even have a main income

>>18424480
just looking for some ideas.
discovered /biz yesterday, been on it all night

>>18424450
what do you do

Swing trade shitcoins.
Sell and buy gemstones.

>>18424223
I sell covered calls. With volatility high as giraffe pussy you can make 4.3%+ every week selling a covered call a week. Make $125 a week ($500 a month) on a $2.9k investment because the IV makes premiums super high. I set stop loss to be the purchase price of shares less the option premium so if the price goes south I lose 0. After the first week if the stock stayed flat or failed to increase 21%, I now have realized that 4.3% premium. I then sell more calls for another 4.3% and adjust my stop loss accordingly depending on my risk tolerance. After n weeks of doing this and collecting premiums, you can adjust your stop loss such that if the asset tanks you realize 3/n, 5/n, 7/n etc. premiums.

>>18425009
Can you speak English? Entirely too much jargon

>>18425133
Learn or stay poor retard.

>>18425194
Yeah I was literally going to post an inb4 but I had high hopes. Everyone on here is fucking larping, and I know that because there's no shortage of asshats dropping in to claim they make X amount of money doing Y and Z but then literally insult anyone that asks them to explain. Eat a dick.

>>18425225
Basically that dude sells options contracts to other people at a high mark up. Becuase of the crab stock market we're in right now this is probably the smartest thing you could do involving options, or else you will get screwed by theta decay. I don't mean to beat you other the head with terms but if you start messing around in the stock market especially with options you are going to need to google these terms or you will get fucked hard out of your money until there's nothing left.

>>18425320
Can you explain this stuff in /biz/ layman terms
>options contracts
which are?
>sells them
How and why would you do this?
>at a mark up
Why would anyone buy his marked up options?

>>18424747
Sucks cock for money most likely

>>18425133
Volatility make option premium high
Good for sellers bad for buyers
Covered calls mean you sell a call option while holding the underlying asset
I.e. for every 100 shares you buy, you can sell 1 call and be covered

In the image I posted I purchased 500 shares for $5.75
I then sold 5 calls with a $7 strike price that expire this Friday for $25 each
My stop loss is set at $5.50 so I sell the underlying and lose nothing because my $125 premium extends me an extra $0.25 in downside protection for each share.

I then have to watch and make sure the price doesn't go back towards $7 because my calls are now naked. If there is an upward trend at a certain point I will buy back the 5 contracts I sold to minimize losses.

Now there are 3 things that can happen this next week:
1) the price of the asset goes up past $7 and I get exercised. My gains are capped at ($7-$5.75 + $0.25)*500 = $750 (which is 21% on my investment in one week)

2) the price of the asset goes up but not over $7, the options I sold expire worthless and I keep the stock and the $125 in premiums

3) the price of the asset goes down and my stop loss triggers closing my my stock position. I will continue to hold the naked options if the drop is significant enough as the chance of me getting assigned is low. If the price rises towards a level I am not comfortable with after having sold all my stock, I will purchase the contracts I sold for a small loss

>>18425350
Holy shit you're asking kindergarten investment questions. Google it or kill yourself

>>18425382
>LOL JUST GOOGLE IT

Or, how bout this marvelous concept: converse with real people on a board dedicated to business and finance instead of going on a wild goose chase to track down complex definitions divorced from practical experience. I wonder where the fuck I could do that HMMM.

Fuck your dumb ass mouth to death.

>>18425378
>I then sold 5 calls with a $7 strike price that expire this Friday for $25 each
What is a strike price? I don't understand how you were able to sell them for $25, but thanks for explaining. This is great.

>>18425524
If you don't even understand what an option is then there is zero chance you will be able to understand what I'm doing and what's smart about it. You're questions are fundamental

I suggest browsing investopedia's sections on options. Google "covered calls investopedia" and read the article and watch the video if you really want to learn.

>>18424223
just do what you normally do on the side
not that complicated
find side projects and design/spec/build

>>18425582
Read this and watch the videos for background on options in general:
https://www.investopedia.com/options-basics-tutorial-4583012

Read and watch the videos here for covered calls specifically:
https://www.investopedia.com/terms/c/coveredcall.asp

I suggest reading the sticky at the start of any /smg/ thread and browsing Investopedia for terms that you are unfamiliar with.

>>18425584
Oh come the fuck on why is everyone on here like this?? As soon as someone expresses an actual curiosity in what you're doing, you act like it's a fucking burden to provide your own personal input on a public forum devoted to the topic. I came here because I specifically do not want to spend time reading textbook definitions and examples from google search results. The only people actually gaming the market and making some money aren't necessarily playing by the basic rules either, which is why it's valuable to have personal experiences explained.

But fuck me for being curious right? Bunch of assholes

>>18425524
Kek are zoomers really this entitled? Like so entitled you can't even do first level baby tier research? Wow. You will never make it with this attitude.

>>18424465
just staked my life savings and lost it yesterday

>>18425699
You might want to go back friendo.
4chan is a bit meaner than Reddit

>>18425699
it is a fucking burden to TEACH YOU and WALK YOU through how to do something we already know how to do
You have knowledge right in front of you but instead you act like a fucking WOMAN And bitch about how people aren't being NICE.

Get fucked faggot you will never make it
i even was going to help you but now you get a giant fuck you from me

>>18425699
Kill your entire family, and then kill yourself

>>18425699