/biz/ - Business & Finance

>>24703133
I lost $10,000 trading options and im currently up $45,000 in crypto and will be a guaranteed millionaire in a years time, im good anon

With an option you do not even own the share of the stock. You literally own a contract betting on the future price of a stock, but in a relatively short time period. Holding BTC is infinitely more valuable. Holding chainlink will make you rich. Trading options will drain your pockets. Go back.

>>24703156
Get good nigger. How did you lose. All you had to do was buy when corona broke the markets. People literally 1000x on tesla calls.

>be instantly raped by 45% taxes and 15 dollar broker fee on every trade
no thanks

>>24703208
Then just buy btc with your options profits. Whyso much retarded fanboyism lol. So bitcoin 2x in this year. Good job kek.

Just don't trade Poo Jeet coins.

>>24703252
Free trades nigga. Younguys claim to know tech but are pretty dumb. Even the big brokers trade free. Tell me retard how do you withdrawll btc 400k to buy a house? Btc withdrawl fees and network fees will rape you. Meanwhile if you werent retarded youd get a chineese cpa to roll some loses on your llc and offset any taxes. Or you roll your profits into a ira etc. Noob.

>>24703133
you have to go back.

>>24703382
Ehatever makes you mad the most ill do. Im think about buying 10k of 4chan ad space to shill wsb to make you mad.

I just don't understand options yet.

>>24703454
Then join us. Youll fit right in.

you need to go back

>>24703279
>you're up 2x
you reveal how new you're most biz from 2017 is all in LINK up 100x. Options has potential for profit but most often is loss.

Is there a cliff notes on trading on Robinhood or Webull?
For example, share price is now 13.95
I wanna do a put
It shows the options such:
13.5 put- break even 11.89 and it costs 1.61
Then we have a 13 put- break even 11.26 and it costs 1.74
What’s the difference and what does that mean?
And then also on we bill it let’s you adjust the “limit price” what’s that?
Sorry for the newfag questions.

I'm up 3x on options since September

And you browse reddit

>>24703358
>nigga
Stopped listening

>>24703279
btc is about 6x from march, newfag

>>24703358
You are gonna be so fucking sad when you miss the crypto take off. Everything will be tokenized. All you have to do is find good projects and hold here and you can be become a millionaire guaranteed.

I feel bad for people losing thousands on options. That may not be you yet but emphasis on yet.

>>24703133
>stop being a pussy and just go to the casino and all in on black 10 times for roulette

>>24703435
Kek do it
Someone needs to clean this place up

/biz/ a cryptocurrency fork of /g/ you stupid newfag

What are some good options strategy that reduce risk instead of increasing it?

Is the wheel strategy good? I see it praised a lot on Youtube but Youtube is full of self-proclaimed experts and shill accounts.

>>24703133
go back faggot

>>24703799
Anyone know?

>>24703133
Jeet here, literally took me 2 days to open a TDAmeriTrade account.

>don't buy crypto
>play the kike scam casino
no thanks reddit fag

low iq thread. there's literally no hassle-free way to trade options unless you're a burgerlander, and if you live in burgerland there's infinite better choices than cryptos or stocks to make money

>>24703133
I actually bought my first ever option this week, a FDX call. It's down 92% but I'm learning. I don't own any crypto though, sticking to buying and selling for now.

>>24703133
options make my brain hurt
but link go zoom zoom high
grug like zoom zoom high

>>24703799
If you can't even be bothered to read an introductory guide on options you shouldn't be trading them. 13.5 and 13 are strike prices, 1.61 and 1.74 are premiums. Those are the basics.

lol options. do you really think there are options available on the market that haven't been reviewed by institutional bots? That's the problem, all the best value options are immediately swiped up by bots and all that's left is the leftovers no one else wants.

>>24704318
seething jeet

>>24704318
Like I mentioned here >>24704222 pretty easy to open up an international account.
The problem is options do not have the arbitrage opportunity, if there is the hedge funds must’ve made AI or automated trading of it. So I think it’s more of a gamble than crypto desu and you’re literally providing liquidity to the institutions.

>>24704694
>seeing options as gambling rather than a hedge
typical /biz/. options are useful to hedge. it's not all about gambling uncovered calls using leverage

99% of wsb lose money on options.

>>24703133
Have fun missing out

>>24703358
>nigga
The face of burguercentrism.

Options are literally a rigged game
If you think you can statistically outjew the Jews you are gonna nba lose

>>24704908
You know you can write options, too, right?

Thank you my sweet savior. I’m going to sell all my crypto right now and head on over to Reddit! Options are easy as fuck, must be why everyone succeeds with it!

>>24704988
>what is unlimited losses

>>24703435
I'm not mad I'm just informing you you have to go back.

Is the stock market pointless then?

All in CLF

>>24705094
were you really not expecting edgy zoomer newbs here anon?

>>24703454
Its basically betting. There is no difference. You bet on line go up or line go down. Its that simple.

>>24703133
I'm itching to buy puts on pic related but i feel like a degenerate gambler and redditors probably even buy at 1000 a share.

>>24703133
I made a quick 60$ in 8 minutes flipping 3 spy puts this morning, it set the tone for my day

>>24703133

A little late to the party aren't we?

>>24703133
Funny thing is I started out with stocks before crypto took off and now that I have 20k+ I could really start making an some serious scratch with leverage.

Give me some sure bets OP I'm a burger

options
>fighting against jews
>fighting against theta/greeks

crypto
>fighting against pajeets and whales

i'll take my chances with crypto.

>>24703954
My thoughts as well but the average person is still dumb as rocks and a timid pussy

>>24704597
>doubling down on low iq
you have a literal pajeet telling you it's easy for them >>24704694
it's european regulations that make it hard

>>24705742

>options
>quadruple my money

>crypto
>lose my money 4x faster than putting it in the toilet

I'm super good

Here is my portfolio by the way

>>24705689
>>24705689
>>24705689

>>24703156
You're unironically stupid if you can't hedge your positions and lose 10k on meme options
DYOR, find good companies, check the earnings calls date and print money shitcoin lover

>>24703133
https://www.aergo.io/wp-content/uploads/2020/12/AERGO_QPU_Q2-3_2020.pdf Just read this and get your dick wet when you think about $Aergo

>>24705896
>still following a shitcoin meme token from 2018
You're never gonna make it

>>24704506
I am trying. What do those each mean?

LOL

>>24705833
>$200k on options
so you're a jew insider trader, got it

>>24705865
Why does everyone talk about hedging like it's this magical way to mitigate downside without sacrificing any upside? If you're betting big on options and then taking out hedges against it, you should just as well buy the underlying stock and get the same risk/reward profile with less mess.

>>24703358
>Btc withdrawl fees and network fees will rape you.
yeah it costs me $5 to transfer 400k worth of BTC to goybase, then maybe $500 in exchange fees to convert to cash, and then withdrawal is free. And if I pay tax it's 20% LT gains rate.

>>24706721
except its probably not nearly the same reward, not even close

>>24704069
>What are some good options strategy that reduce risk instead of increasing it?
I heard that buying the underlying stock is a nice lower-risk play but idk, it seems pretty complicated.

>>24703358
This fucking retard.
Shut up and don't talk about things you know nothing about it.

>>24706903
any investment with disproportionately low risk:reward will get its price near-instantly marked up by bots, algos and HFT firms taking advantage of it. You're not smarter than the global sum of human intelligence and computing resources that are oriented towards exploiting market inefficiencies.

At least with backwater crypto scamcoins you stand a chance at noticing an arb opportunity or something before anyone else can. If you're lucky, anyhow.

Literally every person I've ever know that shills options as, "the easiest money ever" has always been a complete dipshit they just loses money. A friend of mine told me their dad "like makes 30k a week" using an options strategy they can't describe or explain in any level of detail. Later that friend said they were throwing 15k into options, and that they'd probably be a millionaire in a couple years. I checked back with them 2 months later and they had lost the majority of their money. Turns out rolling your options forward isn't actually a get out of jail free card.
This is also the same dipshit they can't help but constantly piss money away on sports bets.
Don't listen to people that shill options. They make it out to seem as if they're making thousands a day, when in reality they're constantly blowing up their accounts. I've been slowly putting money into crypto, and my returns have so far dwarfed anything my idiot friend has managed to do. I of course keep this to myself, because this idiot would just mock me and get angry if he ever learned of my gains. God I hate people.

>>24703133
Hi Wallstreet shits. The only thing I have to do to become a millionaire is hold WOZX and BTC and you can go and fuck off.

I don't understand the difference between options trading and spot buying and selling. So options give you a contract that allows you put or call, buy or sell. How's that different than just market buying?

>>24707288
fuck I hate smokers

>>24703358
>nigga
Kill yourself you stupid worthless nigger.

>>24707828
it's like gambling, similar to red and white in a casino.

>>24707828
Options you are gambling on future price, spot is current asset price

>>24703799
Anyone help. Fren out?

>>24703133
Fuck Off. Getting away from Boomer Stonks is why i'm in Cryptos.

Not buying boomer bags.

>>>/plebbit/

>>24709101
Lower fees, 24/7 markets, fewer people

>>24709957
lower returns, boomer regulation. no thanks.

>>24703133
One could also sell options and make a mint

>>24703133
back to plebbit, faggot

>>24703133
back to plebbit, faggot, you will never be welcomed here.

Or if you didn't understand, KYS

Are options like bitcoin options in which i have to play the price is right?
If so no thanks thats like playing the lottery and itd be more profitable to do bitcoin options either way.
But thats besides the point because i just buy and HODL
You guys should try it some time

>>24703133
lost 30k in trading options. no bueno. fuck trading options and good luck on reporting taxes on every trading option you do, fagg0t.

>>24703799
Don’t trade options please.
>Put = Option but not obligation to sell shares at the pre agreed strike price
In brainlet terms, bet that like go down


Your strike is 13.5, the underlying share has to go below this for your contract to be worth shit I.e In the money.
You paid 1.6 for this contract
The share price would have to fall to 11.9 for you to make back your initial profit (break even)
The lower the share price falls, the more your contract is worth, remember it’s basically a bet on the price of the stock going down. Any change between the stock price and the current market price is automatically added to your contract. If strike was 13.5 and current market price for that share is 6, your contract would be at least worth $7.5 (intrinsic value), you add to that what retards on the market place will pay on top for that contract (extrinsic value) it wouldn’t be unreasonable to say this contract could go for $10.

Now why do people trade options? You paid 1.6 for your initial contract - contract multiplier is normally 100, you would have to fork out $160. You sell your contract for $10 x 100 = $1000. You have essentially 10x with one trade, the appeal of options is leverage and your only sunk cost is the initial sunk cost. Downside is you can always sell cryptoshit or stocks for a loss, contracts that remain out of the money expire worthless and net you a big fat 0.

Read up on options and consider something like LEAPs.

Alright. That was a good day. How about some bong hits?

http://gains.dob.jp

Why would I take a risk and buy options when I have guaranteed gains while sitting back comfy and holding link?

To completely dismiss options is idiotic, in some cases you are gonna make a bunch more off of options than buying the equivalent amount of money into buying actual stock and if you're right by a large margin you'll see huge returns. You can get fucked of course if you're wrong but that's with any investment. They're also useful if you don't want to have large amounts of cash held up so you can have more money in other investments. I prefer actually executing calls though, maybe look into having long calls for penny stocks that are undervalued, if they blow up great, if not, you don't lose too much

>>24708427
what's the difference? with spot you're gambling on what the price will be later on as well. i.e. if you buy at $5, you're gambling that in the future it will be more than $5.

>>24705618
lets get puts homie
biz has the clout to tank reddit the stock

>>24703133
Options are too fucking heartbreaking anon. I made 400k off a 20k initial buying put options in airlines, cruise companies and hotels in February, then stuck pretty much all the profits from those into OOTM call options on silver and gold miners expiring January 22, thinking I'd be a multimillionaire easily by EOY.

Those options are now down over 80% due to comex kikes dumping mountains of non existent silver on the market, yet no one is calling them out on it and my options seem to dump another 10% every single day, I don't even look at that portfolio any more and have written off the money in my mind

>>24703279
You networth is probably even less than $300k. Stay poor redditard.

>>24714472
fuck that's rough, sorry anon

>>24714472
Fuck that sucks man. You should’ve known that the metals market are extremely rigged/manipulated. Hop over to /pmg/ and they’ll tell you. Silver should be like 60-80$ an ounce.
Here’s to hoping you get it back free!

>>24715071
Fren*

But I do trade options, I made $50k last quarter

>>24703133
I'm indian and i have a webull account

>>24703133
>they dont have access to american markets
Doubt.jpg

Can someone with big brain explain to me how taxes on stock market gains actually works and how to minimalize it?

I’ve come to this realization but have no clue where to start

>>24705569
retard

so anywawy, is iqoption legit or scam? i keep seeing their ads everywhere

>>24714900
>>24715071

Yes it is my own fault - but that's kind of my point regarding OPs statement. With options you are still at the mercy of the central bankers/comex kikes and they can suddenly change their policy and completely wipe out your options position and leave you with nothing. People complain crypto is manipulated but the scope of crypto manipulation is actually tiny compared to what goes on in the stock market and precious metals futures. Its really not worth the risk with the level of fuckery going on in these markets right now

Don't worry anons, I have a LINK/BTC stack and physical PMs too, I just got greedy with the options. Guess I'll just have to wait like everyone else on /biz/ to make it

>>24703252
trade in trad or roth IRA
feels good man

For me it's the bulldog position

>>24711414
What i dont understand is whos going to pay $1000 for the contract?

Oh yeah Ill trade options where to make any amount of money I have to spend an insane amount of time studying because unlike crypto where anyone can be privy to the information, trading options is open to public but average goys dont have access to meetings where they actually discuss shit

does anyone know of any Canadian brokers that allow you to trade options?

>>24703133
Just trade options bro

>>24715457
i cant think of one that doesnt

Traded crypto for a while and there just isn't enough volume, not enough trade and I think it's the main reason /b/ says TA is voodoo. You also need to be on top of it on weekends which is tiring. Options help pay the bills

Trading options is for dumb money.

That is what the jews call all of the wannabe retail traders who get in to options. DUMB MONEY. They pull the strings and set the rules to syphon money out of you through brokers and exchanges. You are the bottom of the pyrimid idiot handing your $1 bill to the top to the whales and banks. That is who run and fund the exchanges. Banks. They borrow the money to exchanges for much needed liquid $ and get a return for doing so. Banks have teams of professional traders who use calculated risk models to absolutely FUCK you. They are playing CS:Go with an aimbot. You are not on a level playing field. It would be the equivilent of a random person from the street going in to the ring with a heavyweight contender. You do not have a chance.
The banks win even if their traders lose, which is not often.

There may be the 1/20 who make good money but with those odds you're gambling. Throw your money in to the S&P 500, property, a top 500 company you believe in, gold or crypto. Stop thinking you're a lil wolf of wallstreet because you are not as smart as you think you are and do not have the data, man power, funds or industry knowledge to make it as a retail trader.

>>24715669
this destroys the redditor

>>24715669
>don't trade options because it's manipulated
>trade crypto bro

>>24715669
>>24715871

I would like to add to this that when i say 'crypto' i mean top 5 coins like BTC ETH LINK XRP. If i wanted to go even further i would say to trade soley BTC because the only way alts go up in price is when BTC crabs. If BTC bleeds they bleed, if BTC moons they bleed. BTC is the market. DO NOT trade shitcoins. trading shitcoins on uniswap is similar to options.

Except instead of being up against highly orginized and intelligent, centralized banks that withold the critical information needed for trading effectivly, you are playing a ponzi game of getting in to the shit coin early enough that all of the dumb money comes rushing in after you've bought your bags. Anybody shilling a low cap shitcoin on here or reddit already has a bag and is looking to unload it on you. These people may even be the coin creators.

You have a better chance than trading options to make money with low cap coins but it still isnt a good chance. The only way to consistently make money with low cap coins is really doing your research in to one AND being lucky.

Best to buy in to BTC and 1 alt and just wait a few years, sell in a bull market. Way easier than any other method, way more efficient, way less risk, way more potential for growth.

>>24715576
thats not a problem if you just hodl anon.

>>24705618
Do yourself a favor and read up on Implied volatility. Massive swings are already priced in to the options

>>24703133
Stockmarkets are more scammy than crypto. No thanks. With crypto i at least know im in the wild west. With stocks you are cucked by weekends and afterhours.

>>24703358
>Btc withdrawl fees and network fees
Not a problem. This is the entire point of crypto to make money transfer easy. BTC may be shit and a waste of energy but crypto makes the market 100 times more liquid

>>24703133
Stop being a pussy and trade NAS. The reason muricans shill options so much is because they don't have access to Scandic markets. And they figure if you realise this potential you'll leave and their shitmarkets will collapse.

>>24714968

>>24715163
Dont sell for at least a year. That’s pretty much it

>>24714472
Yes.

>>24707290
That's a man isn't it

>>24704069
Leaps can be good. Buy a option with a year out strat with a strike 80 percent or lower than the current trading price. This isn't bullet proof or anything but it's a good way to get some leverage with options without being a wsb degenerate

Whenever I buy options I lose money

>>24715669
I don't have the patience to wait a year for a 10% return as a poorfag. I have to flip alts until I make it there. What's your opinion on plain old stocks versus crypto?