/biz/ - Business & Finance

It's over. Sell your gold. Sell your miners.

>>21422152
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>bought RKT todaybecause news say 400%+ revenue
>it tanks

I thought good news means price pump. is there something I don't know?

can we try to discover the next
wayfair, overstock or zoom
stock that goes 5-10x for no reason whatsoever

I talked to my 76 year old step dad and he is telling me about his Tesla gains and how he wants to "double" his portfolio before he retires. Are all boomers in insanely risky positions relative to their age? He has enough to fucking throw it into a high div etf and retire, so I've been hinting he should just do that. He has lost 50% of his account value in the past and crawled back up.

>>21422231
RKT is a pump and dump, domo

>>21422231
almost every single earnings report that have beaten estimates have dumped

>>21422271
I'll tell you but you won't like it

>>21422231
>falling for a meme pump and dump a week after IPO
ngmi

>>21422277
Fuck it.

Tell him to do it but to get life insurance with like 5 different companies so you're set when Tesla crashes and burns.

>>21422280
but the pump and dump was over earlier this week. shouldn't have the day traders left?

Out of curiosity since I’ve never looked at CDs before, I took a look at the interest rates on CDs at Bank of America. If you give the fuckers $10,000 for a minimum of 7 months, they give you 0.06% APY interest... Point zero fucking six. What the fuck? Who would ever agree to that? I wouldn’t do it for 6%.

FUCK FUCK FUCK
36 MINUTES UNTIL AH CLOSES AND I DON'T KNOW WHAT MOVES TO MAKE

>>21422299
liar you never did earlier fuck u

It's going to be another
>BLOOD RED MONDAY
and then Monday comes and it's
>crab slightly up

>>21422231
>RKT

None of you know what is coming. Be prepared.

>>21422339
With any PnD, there's always bag holders as well as the board member holding.

Mommy cathie has been buying every WKHS dip. You wouldn't bet against mommy, would you anon?

I took a gamble with gnus and got fucked hard. Plz hold me

>>21422231
Sorry bro, it's a pajeet scam. You got took.

>>21422521
imagine if you just
>bought under $15
and
>sold over $16
could have made bank over and over and over.

$GAXY TO DA MOON!

>>21422552
yeah imagine if you just bought bitcoin at $1
(this kind of "what if" thinking is unhealthy stop it asap)

>>21422360
a money market account pays better than that.

>>21422540
you are like leetle baby. watch this

>>21422595
well what kind of thinking is healthy?
>what is it going to do in the future?
lol, there's literally zero way of knowing.

>>21422360
That one is pretty bad, yea. My bank is offering .9%, at least.
CDs are really just a way of storing money you're not gonna use in an account that gives you more than what a savings account would. Personally I'd just put that in a safe ETF and forget about it but they're good for people who want to play it really safe, I guess.

>>21422623
He’s saying that imagining alternate timelines than your own, where you made the most beneficial choice instead of your actual choice, is unhealthy, and he’s right.

>>21422231
>He bought the news

Why do people always tell you to pick index funds and never take any risks? Do they want us to stay mediocre? Sure I can make guaranteed 10% a year on some boring ETF but it’s way more fun to actually own shares of companies

>>21422623
>there's literally zero way of knowing.
exactly. how are you sure this will continue to work? next time you might try buying below $15 to sell above, it might just drop and never come back. so looking back at shit and going "imagine if..." is just a complete waste of time

>>21422360
I had a 2.5% with Ally for 40k, but I'll be fucked if it was worth it. I beat the 18mo. maturity return in the first week of trading.

And then lost it :3c

>>21422693
BUY EVERY PENNY STOCK YOU SEE, TAKE OUT LOANS AND MAX OUT CREDIT CARDS!

happy?

>>21422701
Stonks only go up?

Question for /smg/:
I was a total doomer and too wrapped up in apocalyptic thinking back in March to make any money. Assuming another large dip/crash will take place, how easy was it for you guys to sell early and then rebuy when things were super low? I'm a poorfag but have around 10k in cash in my account, but am scared I won't be able to time things right and might be better off just waiting til it happens and buying. What do you think?

>>21422461
damn son thats cute as fuck.

>>21422844
sorry if this is unclear. I meant to ask is it safer to stay in cash until the crash and then buy, or buy now, sell when things seem bad again, and then rebuy after crash

>>21422693
People lack money and balls.

I've made more money on penny stocks than blue chip. You just have to see how stable the company outlook is, their track record and volume.

Also, take profits or set a trail stop % if its growing too fast.

>>21422844
>>21422903
do you not know what options are?

>>21422903
I bought the march crash and sold on the june dip. Stocks are expensive right now.

I would wait for next week once stimulus limbo talks really hit home for people and FUD takes over. Its going to be a blood red week.

I'm going all in in that dip

>>21422844
You can't time the market, just buy with a small percentage now and buy more on dips. You can try and swing by timing the peaks and troughs but good luck doing that with any reliability.

>>21422152
Based Thunderbolt Fantasy poster.

>>21422330
D-does this work? Cashing in 5 different policies?

>>21422844
The safest is to stay in GALT. It will be bought by big pharma, so there is no need to worry about selling at the good price.

>>21422844
You could buy puts to cover your ass or arbitrage them once it happens (buying "naked" puts). Buy long calls on -3x ETFs in your domain. Shit can hit the fan really fast, if you bought the literal top you could be out really fast, if you're really scared set a tight stop loss, but know that you can get blasted out of that, the big boys get served first.

>>21423057
According to all those forensic files, unsolved mysteries, foul play type shows...yes. lots of people get away with it too as long as they're not retarded about it

>>21423064
Shut the fuck up pendy.

>>21422844
I'm relatively new to the stock video game and let me tell you, you're undoubtedly going to be emotionally attached to your positions for at least a year. The only way you'll get to the point where you're detached from your wins and losses is through experience. Sorry to break it to you, but when you start to see green or red in your account your heart will undoubtedly start racing. Maybe if you're colourblind you'll do a bit better at the start, lol. Just dive in, try, emphasis on "try" to set hard rules to your positions and stick to them. Over time you'll get an understanding of what is a pump or a legitimate, sustained run up in stock value. I lost the chance to profit off a 400% profit position in a wsb meme stock because I thought it would continue going up after the earnings report (ER). It didn't go up and I got off with only 1k in losses, which was 5% of my account value. You're going to take a beating, its only a matter of time before it happens.

>>21422844
ignore all the replies you've gotten.
just buy TQQQ, and if TQQQ has any dips, just buy more of it. then just hold forever. buy and hold.

>>21423064
Most important rule for beginners in the stock market video game, never play with biopharma stocks.

>>21422939
Not really, I planned on learning and doing paper trading.
>>21422991
>>21423014
>>21423082
>>21423143
>>21423196
thanks guys

>>21422360
>Bank of America
You have to go to online banks to get CD rates in line with reality.

>>21423103
There is no other way.
The GALT train is already in motion.
It is accelerating.
There are no brakes on it.

What is this chart called?

>>21422844
agreed with >>21423196
but i would say dont go all in yet. drip feed maybe 9k out of 10k into TQQQ over the next couple months. there will most likely be a correction again down to the mid 110s or lower. buy those dips then hold. hopefully you have income to use to further buy in case of more dips
use the remaining 1k to learn but be okay with losing some if not all of it before you get good

>>21422844

Do this:

>>21423014
>>21423196

>>21423198
Biopharma is fine if you actually understand the underlying science so you can see through the bullshit so many fake companies feed investors.
ALT made me money though only 100% because I didn't predict corona-chan driving them up 20000% but that's because I understood that their flu vaccine was actually a viable candidate to supplement or even replace current ones based on the actual reports on how it was doing in trials.
But yea, most biopharma start ups are either scams or long-shots.

I went up a whole 1% for the week during this last hour.

Why would new bag holders want to hold a whole weekend?

Isn't next week going to be a blood bath due to default Unemployment/no eviction extension?

What the fuck did I miss?

>>21422360

AhhhhaabhahahahahahahahaababababbabahahahaababahbababahahahahhahahahahahahhahahahahhaAhhhhaabhahahahahahahahaababababbabahahahaababahbababahahahahhahahahahahahhahahahahhaAhhhhaabhahahahahahahahaababababbabahahahaababahbababahahahahhahahahahahahhahahahahha

>>21423198
This is true. There is one /smg/ approved exception however, which comes recommended for even the faintest of hearts and weakest of hands: GALT. No other compares in ease of holding.

>>21423305
>>21423313
thank you but are you guys memeing or serious, because everything online says not to hold leveraged ETFs.

>>21423410
Fuck off kike, don't offload your bags on newfags.

>>21422388
who is that girl

>>21423410
Can you just shut the fuck up?

Noob here, I was up 20% or so with some conservative trading on fairly low risk shares.

However yesterday I saw SNDL moon before earnings and I got in just as it started, was up big but held expecting blow out earnings. Earnings were amazing but then the fucker CEO does a massive private dilution and undercuts at like 30% below closing price. Massive dump. In the red 20% now.

Made some stupid rage trades after and dug the hole a bit deeper. How do I learn to not get absolutely tilted?

>>21422231
I am all in on RKT too. On the second day of the IPO, majority of the people here as well as news articles said it was a good buy and will reach $50 soon.

In only a weeks time, the general sentiment around the stock is that its a pump and dump stock. What gives? Is /biz/ riding the bandwagon or something?!?

>>21423440
God I wish that were me

>>21423413
the leveraged nasdaq etfs swing like a tik tok/instagram thot when they see a pile of blow on a table. You're going fuck yourself up when you start seeing +5% one day and -9% the next. IMO Stay away from leveraged etfs until you've acquired some battle scars.

Fucking CODX.... I have a $11 average and Ive held for months. The POS tanks just because it missed analyst predictions by a fraction? It was $30 a share a week ago why the fuck is my timing so good yet so fucking bad?! never going to make it

>>21423389
>still denying the permanent golden bull run
Just Give up

>been waiting for the apple pullback for 10 days now
>apple only go up
Cool, glad I didn't make all that money. I know if I buy in anyway when the stock splits it'll somehow dive and i'll be in hole for 9 months.

we are at the new paradigm stage of this bubble
you will suffer if you do not protect your investments

Start practicing covered calls!

>>21423637
ROSE RIOT

>>21423398
lol, in sweden we can do it for like 2%

>>21423482
i hope so. if it stays below 19 on monday ill continue to buy. I have multiple positions but RKT is a safe bet to be "all in one" kind of position

>>21423637
Correct.

>>21423637
Yes. But also covered calls.

>>21423637
What will be the bull trap in this case? Talks of new stimulus package?

>>21423881
unironically the bubble will pop when people start going back to work,

>>21422844
>poorfag
>10k

>>21423486
Thank you for all your advice. I think I will stay away from it until there possibly is another large dip in the future and/or I'm more emotionally experienced.

>>21422552
I bought at 16.18 and immediately sold an 18 call for 90. Can't wait to go premium shopping Monday morning.

>>21423933
10k is poorfag as fuck in the USA. You can't even live for a year off of that.

>>21423933
Wow just enough to buy... nothing?

>>21423450
>>21423426
> pinnacle of drug design, is great for the most serious diseases without any side effects whatsoever
> in phase2/3 for NASH cirrhosis, absolutely no competition
> the chosen endpoint was already met in phase2 in a subgroup
> is even good for serious COVID cases
> under 200mil market cap
> Richard Uihlein is chairman
> no insider buys for well over 6 months now
> DU exercised underwater options recently (it doesn't get any less subtle as this one)
> Gilead recently had fail in phase 3 and recently hired a guy knowledgeable with galectins

>>21423933
lol it is basically PUA + excess pell grant money since I live with parents while going to school, literally poor as shit

>>21423519
Hold brother were in this together, don't let the bears scare you off it will recover they had phenomenal earnings.

tfw i was telling anons about some IPO's that go live today, don't partake in any, and fucking CVAC mooned at over 249%

>>21423964
shilling your stupid shit here isn't going to make you a millionaire, read through the links in the OP before posting

>>21423881
>>21423915
Exactly, it will just suddenly happen. We can only guess when. Just remember how 2007 to 2008 went. A whole year of volatility then another year of dropping.

>>21423915
Interesting take, explain more? Is it because of a possible 2nd wave?

>>21422176

Sorry, Gold bulls only.

>>21424215
that and i have a theory that since people can't work they need a source of income, so they're putting it in stocks, and when the lockdowns end they will sell their stocks to pay debts

>king of the boomer investors literally poopooing banks to pick up peepee metal
AAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>21424297
Now THAT's bvllish.

>>21423482
Nobody here knows what they are fucking talking about dude I mean just look at the guy yeaterday that posted 30 lines of
HX
>HX
HX
>HX

>>21424214
Do you think it’ll be a slow bleed or suddenly free fall? I’ve been researching an interesting theory regarding fed QE + big bank bond selling = suddenly equity liquidation to cover bond short positions

>>21424297
I agree with your take it makes sense! After all once stimulus reality hits, PPP running out, and evictions start to occur it’s gonna be FUD

I'm having fun. I hope they let me enjoy my semi retirement till January 2021. I'm getting paid in full but I go into the office as needed. Normally that means go in during the morning some days then back home by noon.

>>21424215
Well once we go back to work the economy can correct. The FED can stop printing and freebux will stop being doled. Much fewer robinzoomers and then we will gently but violently slide into a recession

>>21424498
>The FED can stop printing and freebux will stop being doled
Not happening

>>21424498
prove it

>>21422271
Seems like a fun exercise. Each one of those had filled two niches: internet related and a service resulting in demand related to lockdown. After lockdown, or maybe with an extended lockdown, what can we expect demand in?

New to /biz/

How often is /biz/ correct? Looking at the archive it seems like a fair amount of stocks and altcoins shilled here actually make it.

i have hundreds of shares of SLV. can i sell covered calls / puts to exit out of the position back into cash? never done options

im a little mad as fuck i missed this lmfao
i shill this ipo this morning but got cold feet and didn't partake

>>21422271
TSLA calls and puts within the same 2 week period

>>21424622
I'm pretty sure a healthy amount of /smg/ actually liquidated and went all cash in mid March. It was scary. That obviously wasn't the right play in hindsight.

/biz/ is weird in that it's filled with shitcoin pajeet scams but LINK is undoubtedly /biz/'s #1 lovechild right now and.. it's doing pretty good actually. Very pleasantly surprised.

/smg/ as a whole also does pretty well in my opinion minus the obvious retarded plays like KTOV and NAK since most people can't get out of those on time.

/smg/ got me into EV early on (BLNK, CLSK, NIO, WKHS) and non-meta tickers early on (LL, HD, LOW, TSMC) as well. Thanks guys!

>>21424622
Just look at the rocket and the horse

>>21424704
You sell covered puts to ENTER a position and covered calls to EXIT a position. If you don't mind getting your SLV getting called away since you want to make a new play, just write some strikes for a price you'd be comfortable selling at.

>>21424768
LINK is a massive scam. the collapse will be glorious.

>>21424215
Even if there's no actual second wave, the media will hype the "second wave", most likely. Shit's gonna go nuts regardless imo.

>>21424768
I had a great exit on equities before the drop. Unfortunately I also had a 2x long on oil at the time, based on the idea that saudis and russians would make emergency production cuts to prevent the oil price from collapsing. Instead they both played games and I took the brunt of -30% before I could run away from the position screaming. All settled now though. I recovered from that and then some in the following months.

>>21424810
Well I don't know about that but people should always remember to realize some profits.. it's hard to get another 100% on top of something that already went up 100%. Easier to find something else that goes up the 100%.

>>21424877
Kind of the main reason why I hate touching oil except maybe XOM as a long term position. Too many non-predictable political fuckery can happen.

>>21424807
ok cool. so lets say i bought shares of SLV @ 20$.

if i write covered calls for 25$ and they get exercised, do i make money from BOTH the increase in value of the shares and the premium someone pays for the calls?

So if I'm new to options, should I only be writing covered calls on stocks that I wouldn't mind losing if whoever bought the option exercises it?

>>21424622
Literally ignore any suggestion of biotech penny stocks in this general. At best its a pajeet trying to frontrun a PnD and at worst its someone that thinks they will not get absolutely shafted this time.
There is a long, long, LONG list of biopenny trash. SNSS, SAVA, SHRMF, etc. KTOV was only the latest example.
DONT BOTHER WITH BIOPENNYS

>>21424947
Yes. Covered calls is writing a limit sell + tip
Don't tell the normies that.

>>21425004
My mind has been opened, senpai. Thank you

So if you hold at least 1OO shares of a stock, why would anyone ever just sell the shares instead of writing a covered call to exit the position? You're just leaving money on the table

FUCK!!!
I wanted to raise more cash and buy more rocks... why does afterhours have to close?? I WANTED TO SELL MORE SHIT FOR MORE DIIIIIPPPSSS!!!!

I sold my Visa.

>>21423103
>Dick Ulhein disliked this post

>>21423440
that firearm is called Tokarev

>>21423637
I don't think it'll dump big until December. In the meantime, long dated covered calls.

>>21424777
Horse was shilled starting at $4. Horse closed today at $15. /smg/ was correct.

>>21424960
>hucow is /biz/ culture
love it

>>21423389
don't be stupid, the lack of a relief bill means investors can imagine a terrific and unrealistic deal. Once we finally get a bill and it's disappointing, THAT'S when we could have a problem.

here:

>I've been telling you fags... Morgan Stanley summed it up well today:

>https://open.spotify.com/episode/4NqapVJ1vK15ZkVkQigzmj
or
>https://podcasts.apple.com/us/podcast/thoughts-on-the-market/id1466686717

>>21423637
This isn't a Bulltrap. Hyper-inflation is here. At this point, you only sell stocks when buying Gold, and vice versa when selling Gold for stocks.

>>21425277
Crypto can join too I guess.

>>21425115
Hormones are cattle and allergic to anything “scary”. They’re afraid they’re going to fuck something up

I wonder if there were precious material shills on the last crash

>>21425357
>Hormones are cattle and allergic to anything “scary”. They’re afraid they’re going to fuck something up

so it's just a lack of education as to why they're not using covered calls to exit positions?

>>21423451
>I was up 20% with conservative trading on low risk shares
vs
>I got tricked by a pump and dump and I'm down 20%

>How do I learn to not get absolutely tilted
Don't bet too much money on obvious pump and dumps. Have a trailing stop. Have a plan. If it starts dumping take your profit and get the fuck out.

>>21425252
all sluts are /biz/ culture. they are the reason most people are even trying to get money

>>21425115
Depends on timing. Many stocks only have monthly options, so youd have to sell a month out, and if its closer than a week, its probably not worth selling the call. If you don't plan on exiting a position for a while, then its a good strategy. I like to sell weekly covered calls so I can adjust to the market more often, but it also takes more work and fewer stocks offer weekly options.

>>21425115
Because even if it does go above strike it may not get executed, and then you'll still have the shares. Depending on price volatility and risk tolerance you might come to a point where you're at a loss and premiums are only really worth a shit ITM, profiting meaningfully means setting strike at a value below cost-basis. Also if you want the ability to let a stock run you're fucked, and your strike suddenly turns into a massive realized upside loss.

>>21423451
In this market you can just hold your PnDs and somehow they move up. Look at MVIS and UAVS. MVIS was propped up on acquisition talks and dumped hard. UAVS was supposed to be an autonomous delivery partner for AMZN. Both exceeded initial peak DRAMATICALLY.

>>21425492
"Upside loss" is always better than real losses. Imagine thinking not getting +10% instead of +6% is the same as losing 3%. Green is green, stop being greedy.

>>21425697
Wrong.. for every PnD that moves up later, there's 99 that fall to oblivion forever.

>>21425492
>>21425474
>>21425713

Ok class POP QUIZ:

you bought 100 shares of SLV at 20$/sh
SLV is now 25$/sh and you wish to exit position
instead of just selling the shares, you write a covered call

how do you go about it? what is your strike price and expiry date? how much do you expect to make on premiums? please show your work

>>21425871
You write for whatever strike you're comfortable with, that's not something we decide for you

The only thing that's certain is that if I wanted to exit ASAP I'd write for a strike pretty close to the current price, on a green day, to guarantee more premium, weekly for Friday, at least a week or two in advance

Also, this is extremely bullish for Tesla.
https://www.reddit.com/r/gifs/comments/i9v2ro/tesla_saved_by_autopilot_other_car_and_truck_not/

>>21425871
If you want to sell it now, I would just sell it.

If you don't care about when you sell, just wait for a green day and sell a call. If you like, you can just buy it back on the next red day.

If you want to sell it in a week, look up the next weeks options (if it has weeklies), then calculate the average weekly movement for the last few weeks, then apply that to the current price to get a strike price. Weekly movement = 4%, then 25*1.04=26. So you sell a 26 strike call expiring the end of next week.

If you want to sell a month out, then look at the average weekly gains for the last few months and use that to extrapolate to next month. Average week was 4%, so 4*4=16%, 25*1.16, 25*1.16=29. So you sell a 29 strike call a month out.

Just remember if you want to sell NOW you will have to buy back your call first.

>>21425713
Yeah, or that "upside loss" corrects, and suddenly you're below cost basis and you have to bide your time and deal with the liquidity issues or hold a naked call. Or you sell yourself 30% short. Or it doesn't hold high enough above strike and buyer holds to expiry and then it corrects.

There's a reason you collect a premium.

>>21425770
I provided examples, your turn.

>>21425871
>>21426142
Oh, I also forgot to mention you can adjust the strike based on what you think might happen.
If you think its more likely to go down, then you can sell closer to the money for a larger premium. So if you were going to sell for 29 but think it will perform under the average, then you can sell at 28 or 27.
If you think it will rocket, or you still want to keep the stock, then you sell farther out of the money. So if you were going to sell at 29, then you can sell at 30 or 31.

Alternatively, you can completely lock your sell by selling in the money (below the current market price). So unless the stock goes down, you will almost certainly be exercised, as well as a higher chance of being exercised early. (Normally stocks are not exercised early because the time value of the option is higher than the current price, but in the case of in the money options, there is far less time value)

This is like baby versions of explanations, so do your own research.

>>21426298
>stock just drops 30% in a day
Bruh, stop buying shitty stocks. If the stock is going down and you want to exit, you just buy back your call which will be cheaper than you sold it for. Or just keep selling covered calls as the previous one expires worthless. I can't help you if you're locked in to bizzaro thinking, buddy.

>>21426049
I've been watching videos like this for years. Tesla autopilot can predict accidents long before humans since it can better approximate where the vehicles are and what paths they are on. It's fun watching the autopilot save videos, hearing the chime, wondering what will happen, and then seeing cars hit each other in ways you would have never have predicted.

>>21424297
That's a good theory because that's literally what I'm doing.

>>21426049
>>21426492
>Reddit
Such a fucking piece of shit.

>>21425871

You can sell ITM to gain extra profit instead of just straight selling it. Obviously you will probably get exercised but you are trying to sell anyway. If the price drops below the ITM covered call then thats not too bad either.

>>21426611
I can see the gif just fine, but yeah poopdit is pretty trash now

>>21426016
>if I wanted to exit ASAP I'd write for a strike pretty close to the current price, on a green day, to guarantee more premium

so would you set the strike price slightly above or slightly below the current price?

down 10% this week. hope it gets better

what's a semi risky play to make with 10k? I've about broke even with options trading (only been doing it since April - and I've learned that theta decay is nasty).

>TA

>>21427237
Do covered calls and stop gambling.

>>21427237
You've learned that theta decay is nasty?
Good.
Now start being the one selling the options. Start by dabbling with super safe put spreads or call credit spreads. Then be on the lookout for attractive stocks that have supposedly high volatility but stable resistances and supports. Lots of gains to be had in the theta land.

Sure, theta won't get you 400% gains like a well timed tech call or put, but it can get you steady gains.

>>21427237
KTOV

>>21426956
Probably yeah. That leaves less room for extrinsic value but if I'm looking to exit, I'd just write something close to the current price for heavier premiums and if the stock drops below that, I'll just keep holding.

>>21427332
Fair, I've thought about this, but wasn't sure what to get 100x shares of. Someone before said KO would be good

nothing better than a cold Coke am I right?

>>21427404
With 10k I'd do BAC atm, solid banking and financials deserve some love after all the tech loving.

>>21427351
How do you know if a stock has high volatility?

>>21427404
That depends on how much risk you wanna take.
Collect small predictable premiums like KO or INTC
Collect moderate and somewhat predictable premiums like TSM or BAC
Collect large but unpredictable premiums like AMD or TNA
Do your research.

>>21427237
All in KTOV.

>>21427540
Usually its a number calculated for you by your broker. In general it just means the stock changes value quickly. Something like Kraft has extremely low volatility, while Tesla has extremely high volatility.
High volatility means higher premiums but also higher risks.

>>21427372
>>21427612
why do you guys meme ktov. this isn't ptg

>>21427237
All in NAK.

>>21427630
Can I find high volatility on stock screeners?

>>21427664
>reverse split
>offering
>reverse split
>offering
>repeats forever

>>21427237
Naked put on TQQQ 110

>>21427372
>>21427612

>>21427742
Sounds like TOPS.

>>21427716
Probably? But thats not how you should decide to buy it, you'll just come up with trash stocks. First narrow it down to stocks you actually want to hold, then start filtering on other factors like volatility.

>>21427375
>>21426016
>>21426142
>>21426298

since you all scored highly on the first quiz, let's go more in depth for POP QUIZ 2

Can you write out a good-case scenario for exactly how it would play out using the following parameters?

you bought SLV @ 20
now its 24.58 (real number) and you want to exit using covered calls. SLV was down 3.42% today and you want to begin your exit Monday.
Contrary to the recent downwards price movements in SLV, you actually believe SLV has some room to run up to 30 again within the next 2 months. You're not in a rush to sell and you want to get as much $$ as you can from both the share price increase + your premium from the option

how do you structure it?

>>21427716
The ThinkOrSwim/TastyTrade people like a metric called "IV Rank" but I think you need an account to use their screeners.

Rate my foliage.

>>21427888
If you don't care about selling, then just write calls on the next green day. If you have multples of 100, then you can just sell a few different calls at different strike. Like if you have 300, sell one call at 25, another at 26 and another at 27. Or something like that.

>>21427998
>XOM
>KO
>NET
>JPM
>PG
>RDS
>PEP
all literal garbage. sell all of these and buy tqqq.

>>21425474
I sell weekly covered calls but still daytrade / swingtrade the stock on the way up.

If I don't like the price of a stock or think it's a dumb entry point , I set a stop-buy on the strike until I can find a better play.

>>21427998
Good desu
>>21425871
I'd sell desu
I do not use covered calls when I want to leave a position.

>>21422693
Do you want to have fun or make money? Obviously there are better short term gains to be had (with more risk), but if you bought spy on March you'd be up 30%+. On the closest thing to a sure bet there is.

>>21427998
Unless you have 6 figures or more, that's too many positions. Sell your losers and buy more of your winners.

>>21427998
You need to consolidate. Get rid of BABA. No need to double up on KO and PEP, XOM and RDS. Just pick 5 to go in to. Like AAPL, MSFT, V, KO, PG. Try to get multiple of 100 shares so you can practice covered calls.

So question on covered calls.

If they expire out of the money on Friday, which in this case they did, do I need to do anything with them ? They're just sitting in my portfolio window worth nothing. Interactive Brokers if that matters

>>21428335
You do nothing. They turn into air. You win.

>>21428335
If you were old you would call your broker and ask them.

>>21423413
everyone else is retarded. TQQQ is not like normal leveraged ETFs. leveraged ETFs only get fucked by leverage decay in crab markets. if you can hold through crab markets youll be fine, because the next pump upwards will erase any "losses" lost by decay. and if you think (rightly) that the market is inherently bullish and will go up over time (which you already think if you are holding bluechips or total market ETFs longterm) then TQQQ is only going to give you bigger returns
dont believe me? just compare SPY, TQQQ, and other total index funds or indices over the past 10 years. youll understand

>>21427998
Looks good but you should focus on 3-4 good ones and try to write calls on them

>>21427998
why do you hold all that retarded shit and so little AAPL? i dont understand you people

Everyone needs to read the summary of the moving forward act and tell me how any other option could even be considered with that on the table because if it passed they would be starting from scratch. And it also happened to be the best option anyway. You know what I'm talking about the motherfucking horse

Okay /biz/lets, let's have some fun. You travel back in time to right after the March crash has ended: Using only the knowledge you know right now, try to make the most money up until today. No options - I'll start:

>All in OSTK after crash
>Sell OSTK June 1st, all in CPE
>Sell CPE June 8th, all in UONE
>Sell UONE mid June, all in Horse
>Sell Horse early July, all in OSTK again
>Sell OSTK early Aug, all in SLV
>Sell SLV last week, all in NVDA to today

Wish I could remember some other pumps

Hope you took gains anon, next week is going to be a blood bath.

>>21428335
They turn to dust like boomers in the wind
I get an email if they expire. Usually you close them out yourself when the price goes low enough.
Friday evenings are often the place for big moves so you don't want Buffett or so to fuck you over AH.

>>21428492
I'd spend my net worth and available line of credit on Penn at $4

Ok another question.

When buying a naked put, why would you exercise it and get a stock at a cheap price instead of selling the option ITM and then just buying the stock if you still wanted it?

>>21428492
If you're playing the 20/20 hindsight game you need to add an all in kodk and sell the peak of the pump on day 2.

>>21428514
"Communism will win THIS time. America can't just keep winning forever!"
-Desperate bear losing another 2k on puts

any reason why TMF shit the bed this week?

>>21428335
You’re fine but in the future you should BUY TO CLOSE any sold options on expiry day. It will cost you pennies and save you the risk of getting fucked after hours. Many traders have lost fortunes when an option sell sold mooned or dipped hard after hours.

>>21428550
...
What?

>>21428446
>i dont understand you people
they are idiots that think oil stocks will make them beat SPY or something.
just clueless random buying of what they think are good companies. end up not even beating SPY. might as well buy berkshire shares.

>>21428562
Bond yields went way up aka bond prices dropped. Means investors are selling bonds. Why? Probably moving back into risk assets as COVID fear goes away.

>>21428550
If you need to ask, dont fucking do it.

>>21428618
I don't even understand his question

>>21428550
you don't buy a naked put.
Naked and Covered only matter for Selling of Options
Also puts are the right to SELL a stock for a price not to buy it dumdum

>>21428592
So people buy puts when they're bearish on a stock right?
>Stock a is 100
>I buy a put at 90
>Stock goes itm
Why would you exercise this and get shares at 90?

>>21428476
But seriously. Anyone that takes the literal 30 seconds to Google and read this and puts together even the low hanging fruit that's been out there forever would take a massive massive position. It's literally free money

>>21428643
Because if it drops to 88 you have the right to sell at 90. You buy at 88, sell at 90, profit 100 x 2 minus the premium.

I dunno why I’m wasting my time replying to you dumb fucking idiots about options 101 shit but I’m drunk

>>21428635
Because he doesn't understand what he is saying or trying to ask.

>>21428618
I'm trying to learn
>>21428640
Ok put is right to sell at strike.
I understand this concept in shorting. I short at 100. It goes to 90. I collect the difference per share.

But how does the shorting aspect work with puts if you don't have a defined start point?

>>21428650
>. It's literally free money
This is not a good phrase to hang your hat on in stogmarget

>>21428698
>>21428712
Ah ok that makes sense. Thank you

>>21428643
Puts mean you can sell the stock at that price.
Write a call = promise to sell
Buy a call = right to buy
Write a put = promise to buy
Buy a put = right to sell

>>21428712
Investopia, anon. Go there and read.

>>21428782
Investopedia

>>21422152
Any stocks with some momentum I only ever made money with momentum stocks like wkhs and solo

>>21428739
This is the only case I've ever found in my entire life that I'm so convinced I want to shout it from the rooftops. It would take me a half hour to exhibit all the breadcrumbs but that one is the biggest.

>>21428818
Don't go all in like a sucker, at least.

In life you get no do overs mostly. You fuck up that's it, you gotta live with the outcome. But thanks to the upcoming Apple split you get a chance to go back to 2014 when apple was "cheap" and relive the glorious gains once again. And not suffer any fuckups in the process. Some may scoff and question it. But history is the guide. Apple did this before; a 7:1 split when the share price was over 600 per. Now what's the price again today? 460 something.. A 10,000 investment turns into 25,000 once the clock is reset and the shares hit 300 once again.

>>21428598
So as soon as it spikes up break even and gtfo outta bonds?

>>21428818
consider the following: republicans exist and control the senate

>>21428643
You never exercise. You always sell the option desu
Watch these, then come back
https://youtu.be/_CkI8ds3EIM
https://youtu.be/s0J8drGAJS4

>>21428878
its an american company. they like american sourced work

>>21428650
what position is that? doesn't really seem that important

>>21428818
Why the fuck do you think wkhs is the prime recipient of the bill? How about tesla or something far more visible? How heavy are your horse bags anon, be honest.

>>21428878
I did. But again they may have went that way anyway and even the potential that it can pass is too risky. Plus Republicans will turn it into a win. September debate got moved to the swing state of Ohio. Trump's boy the postmaster general will announce and send him there to receive all the glory

>>21428866
>But thanks to the upcoming Apple split you get a chance to go back to 2014 when apple was "cheap" and relive the glorious gains once again
You're an idiot.

>>21428965
The bill mandates the post office specifically to upgrade THEIR fleet to all electric

>>21428895
We shoukd start to add these two videos to the sticky.
With a (WATCH THESE BEFORE ASKING ANY QUESTIONS ABOUT OPTION) disclaimer

>>21422152
HOLY SHIT ITS HAPPENING

>>21428895
>>21429035
You two should fuck off to reddit where you belong.

>>21429040
What’s happening

>>21429059
That's one person my man

>>21429094
why the FUCK did he reply to himself

oh wait it's probably because he's from plebbit

>>21428895
>>21429035
>>21429059
>>21429094
What all of these and you will gain 10 IQ points.
https://www.youtube.com/watch?v=KfDB9e_cO4k&list=PLECECA66C0CE68B1E

>>21428995
Consider, if you please, that the worst losses I have seen anons take here over the years started out like this.
>anon has speculative investment
>anon becomes a true believer of The Dream
>believes this stock is The One
>anon marries the stock
>posts every day about it
>stock starts to go against him
>anon cannot let go
>anon cannot and will not sell for a loss
>anon loses 90%
This is not an exaggeration. I have witnessed it multiple times. Be careful.

>>21429079
https://www.reuters.com/article/us-southchinasea-usa-defence/u-s-navy-carrier-conducted-exercises-in-south-china-sea-on-aug-14-idUSKCN25B065?il=0

>>21427998
Solid not one shit stocks though baba is unstable because Trump could just impose tariffs

>>21429137
Rock and roll.

>>21428492
There is a +100% or higher shitpump literally every single day on some tiny stock. You could start with $5 and in less than two months you'd have so much money that you wouldn't be able to trade normally anymore without affecting stock prices.

>>21429059
There is no better explanation for absolute retards than this guy
If I were some inexperienced twat again I'd be more than happy for this instead of trying to comprehend dry investopedia articles and asking retard questions to annoyed /biz/knobs

>>21429135
I'm a poorfag anyway. I have no chance to make it without going all in. But I don't understand how being one of three remaining and only all electric option with that bill even on the table and all the shit happening in Ohio and 100 other things isn't good enough odds for everyone I know to buy some October and January calls

>>21429248
Learning about proper investment strategies is supposed to be dry, you're not supposed to meme retards with a silly video into going -$900k on RH and killing themselves. Fuck off.

>>21428650
I still don't understand what you are talking about and I've owned WKHS since $5 and I specialize in EVs stocks. What specific part of the Moving Forward Act are you talking about?

I hope those fuckers in congress get the boot come November if they don't pass the 2nd check bill before long. I mean hell if you can't pass something that's urgently needed in a timely way what good are you.

>>21429312
The most due of due diligence anon

>>21429135
Ktov in a nutshell

>>21429355
How exactly do you "boot" bipartisanship? American politics will always be shit-flinging apes proposing bills they know won't get passed by the other guys because it makes for a us versus them good news story to their yellow journalist outlet of choice.

>EPIC vs Google and Apple
>Epic makes a game trailer smearing Apple
Lmao this shit is great
https://www.youtube.com/watch?v=ONWCf1RJ438

>>21429298
>Learning about proper investment strategies is supposed to be dry
No it's not. Learning about anything should be fun and engaging. Especially the first steps where you learn about the basics.
If you give an 18 year old Graham 2003 edition and show him how a basic MySCI world can earn him 3% a year then don't be surprised if he simply doesn't care.
>you're not supposed to meme retards with a silly video into going -$900k on RH and killing themselves.
Financial darwinism at work
Cry me a river

>>21429370
>shovel ready jobs
I remember those. Obama and Pals sure made a mint off those.

Ok another covered call question.

Let's say a stock is at 10 and I want to sell at 11 so I write a covered call.

The stock goes to 11.15 and then back down.

I've yet to have a stock come ITM on my covered calls. What happens? Do I only get the sell money of the strike (11) if they exercise the option or do I have to hold that position until the call expires ? If they don't exercise it I keep the shares right ?

>>21429496
I'm literally only talking about the postal service contract that is being announced this year and how it sends one specific stock to the moon.

>>21429527
If call is exercised you sell at strike.

>>21429527
>If they don't exercise it I keep the shares right ?
yes

Lads, are you going to buy barrick gold or buy in until the hype die down a bit?

>>21429606
Ok so then using a covered call is not a good way to sell a stock on a volatile stock then.

If the stock goes itm and the call is never exercised, I don't lose anything?

>>21429668
>If the stock goes itm and the call is never exercised, I don't lose anything?
Correct. You gained the premium and the option expires.

>>21428446
My Roth IRA is 15% AAPL + 15% SPY + 10% QQQ and 10% BRKB so I hav plenty of apple. This is my new account I only started doing a few months ago

>>21429666
Shinies have advanced to the point that I'm only interested in betting for the futures price and am not interested in miners anymore.

>>21429762
And the other 50% TQQQ right?

>>21429666
quite possibly buy more
the afterhours pump only boosted it to the previous week's close

>>21429831
Msft baba and Disney and gold

>>21429762
>10% BRKB
No.
Also where is the other 50%?

>>21429762
>brkb
buy spy instead you idiot

>>21429901
>>21429898

>>21429913
I’m dcaing $200 into spy every 2 weeks

Why is no one talking about $GAXY?

>>21429968
>>21422561
must you do this

>>21429898
damn dude
I like that portfolio

>>21429135
anon was a paid shill... G*LT was rigged from the start

>>21428895
I guess I should get over my dislike of reddit
they probably have good information, and this place has been lacking lately.

>>21429248
>asking retard questions to annoyed /biz/knobs
that's a great way to learn though!

>>21429968
if youre going to samefag at least shill it

>>21430133
>they probably have good information
yeah that's why they're all extremely rich and definitely not killing themselves

>>21429949
yes but don't buy berkshire at all and just replace all of it with spy

>>21429370
>>21429557
I fully understand what you are talking about and appreciate your insight but I don't think it has any chance of passing while the Republicans own the senate. They specifically said that they vote against it and the White House said that they would veto it if passed. The USPS contract will likely be decided before the election.

>>21430164
>yeah that's why they're all extremely rich and definitely not killing themselves
you're saying that reddit is worthless because redditors are poor and suicidal?
If you're using 4chan does that mean you think anon is different?

>>21430166
Give me one good reason to not own 10% berkshire

>>21429370
Os DiamondPeak the blank check for Lordstown Motors?

>>21430133
>I guess I should get over my dislike of reddit
They are fucking idiots. But their media content is superior. It's literally for brain dead children. Which is a good start for anyone really.

>>21430245
https://www.dtnpf.com/agriculture/web/ag/columns/cash-market-moves/article/2020/07/06/moving-america-forward-act-another

>>21430286
because it's literally a worse spy idiot

>>21430286
Just buy SPY instead

>>21422152
>tfw I own dozens of shares of Tesla that I bought around $200
Am I finally gonna make it bros?

>>21430551
What are you comparing here?
SPY and BKR? What?

How many of you anons take your stock market gainz to the high limit slot room?

>>21430681
I don't gamble in casinos anymore. When I did it was small stakes poker.

>>21430681
Why would we ever go to a casino? If I feel like gambling I'm doing a spread on NVDA.

>>21430681
I only have ever gone to a real casino once. I started with $30, turned it into $400 playing blackjack, and then lost it all and went home.

>>21430726
I usually play a 24+10 roulette system to get my comps up, then go hangout at the pool and stay free for the night or two.

>>21430780
Smart.

>>21430530
Define "make it". If Tesla solves autonomous driving, they'll become the largest company on the planet but that may still not make you a millionaire.

We are in the new paradigm phase of the bubble right now

>>21430681
I don't gamble on anything that has a higher probability of losing money than gaining it. I'm the house in the stock market because of upward bias, I'm not the house at a casino.

>>21430634
fuck, I knew it looked wrong....

>>21430634
>>21430286

>>21430794
>Bet 10 units on the 1st 12
>Bet 10 units on the 3rd 12
>Bet 1 unit each on 10 straight up on the 2nd 12

You only have four numbers to lose (two on the inside 2nd 12 or 0, 00). If you hit straight up you profit 5 units, if you hit on either 12 you push. Bet $150 a spin for a few hours and you get comps out the ass. Free room and pool pass to come back and get some poon.

>>21429137
This happens almost every goddamn day for several months out of the year

t. Someone who was stationed on the aircraft carrier that lives in the south china Sea

>>21423451
Short pumps instead of buying into it.

>>21430949
>>21431029
It doesn't matter, there is barely a difference between the two. BRK.A has a CAGR of 11.48% since 1994. SPY has a CAGR of 9.61% since 1994. BRK has been eating shit lately and since at least 2010 you would have been better off with SPY.

https://www.portfoliovisualizer.com

>>21431118
I did more back testing, 2002 onward you would have been better off in SPY.

>not maxing your credit card cash advances and throwing your life savings into TQQQ

>>21425440
>stock you own dumps rapidly
>you are losing money
>still need to wait for the buyer of the cover call to exercise because muh brass balls and shit
>this is a smart move

>>21431269
Everyone is going long on tqqq I am shorting it Monday morning

Give me one reason to not go all in on Disney

>>21430811
Tesla isn't solving anything any time soon. The auto drive kills someone at least every month desu

>>21431318
My last post was a joke. I swing trade the shit out of TQQQ. It's good to make a quick few hundos.

>>21431494
>every month
>pic is from half a year ago
>there are over 100k crashes every year
try harder retard

I'm bagholding IVR and I'm wondering if i should cut my losses, average down, or just hold what I got.

>>21431318
tqqq is basically spy and everyone is long spy so if you think tqqq specifically is going to crash just because it's getting popular, you're a fucking retard with braindamage that has no clue what he is doing

>>21431599
Yeah, but only a couple are caused by AI drivers. Guess where those are concentrated.

>>21431318
Contrarianism isn't useful here, TQQQ will outperform nearly anything in a tech bull market regardless of what you think of it. The fact of the matter is that you have no idea if we will be in a bull market so you should stay out.
>>21431494
That doesn't mean anything and you have confirmation bias. Accidents happen regardless of if there is autopilot involved but statistically autopilot is much safer than a human driver. Bet against TSLA and you'll get fucked.
>In the 2nd quarter, we registered one accident for every 4.53 million miles driven in which drivers had Autopilot engaged. For those driving without Autopilot but with our active safety features, we registered one accident for every 2.27 million miles driven. For those driving without Autopilot and without our active safety features, we registered one accident for every 1.56 million miles driven. By comparison, NHTSA’s most recent data shows that in the United States there is an automobile crash every 479,000 miles.

>>21430681
Fuck slots poker is the way to go

Maid
>>21431700

>>21431700

>>21431700

>>21431700

>>21431700

>>21431662
But always do the opposite of what /biz/ says
It’s a joke

>>21422152
What game is this?

>>21428492
Don't forget to spend a day in byfc