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/biz/ - Business & Finance

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18795285 No.18795285 [Reply] [Original]

Probably just lost 5k on amazon calls, I wageslaved for half a year to get this shit. Fuck me. That's what I get for fomoing. Im such a fucking retard jesus

>> No.18795324

>gambling on options when you are new to the stock market

just why

>> No.18795339

>>18795324
Too be fair, amazon calls are a pretty safe option. Except in this wild market I wouldint do that if that was all my capital. I went all in on tanker calls because the oil glut situation has changed.

>> No.18795340
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18795340

>>18795285
let it out anon
we're here for u

>> No.18795354
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18795354

>>18795285
You're kidding right? Amazon is the most overvalued stock on the market right now.

>> No.18795374

>>18795324
I made 12k on my first option trade before diamond handing them until my profit went to 0. Then got these calls to get 50%-100% profit after earnings and now here I am.

>> No.18795961

>>18795374
so you made 0$ on your first option trade

>> No.18796961
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18796961

>>18795285
>he buys amazon calls when 10% of the country has filed for unemployment over the last two months and can't afford Prime
>>18795339
>he buys oil tanker calls when oil tankers worldwide are stuck at harbor completely filled with $20 barrels of oil that nobody wants to buy

godamnit guys just buy some bitcoin and some dividend stocks and chill the fuck out and stop torpedoing your own future

>> No.18796981

>>18795339
>amazon calls are a pretty safe option.
No, a safe option would be a credit spread on some dividend stock that never moves.

>> No.18796998
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18796998

>>18796961
I couldn't even process the mental gymnastics that were going on in the oil threads last week

>> No.18797014

LMAOO

>> No.18797326

>>18796981
is a credit spread a play to make money on a sell premium even if price goes against you? pls no bully, i learn slowly

>> No.18797352

>>18795285
Just buy SPY calls dude, what the fuck. Why the fuck would you touch companies lmao

>> No.18797369

>>18797352

This. It’s so simple.

>> No.18797378

>>18795374
Options shouldnt be allowed to wagies or people with low incomes. You get blinded by the idea of the quick riches that you “diamond hand” yourself to 0 or you buy stupid calls that will leave you cashless in the end. Had you invested those 5000$ smartly you would have been much better

>> No.18797514
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18797514

>>18796998
basically some of us watched a specialist interview about oil on realvision and pitched all of the interviewee's potential trades to biz while larping about futures forwardation and tanker charter rates. this resulted in a larp feedback loop of anons competitively shilling oil positions like shitcoins. it's very disheartening to think about