/biz/ - Business & Finance

>>24831463
any broker recommendations for euros?

>>24831486
tastyworks fren, im a euro myself

CLF calls are the answer.

Got fucked on Citigroup options again. I buy calls I get fucked. I buy puts I get fucked. I give up. The stock is foolish.

currently high IV and IVR with
BB
UNG
PDD

>>24831527
Fact. Selling premium is dope but not when a stock has been upgraded and it's prospects are this good. Just guy the calls

VALE $16 Call 4/16/2021
>$24.50 price target from JPM
https://thefly.com/landingPageNews.php?id=3212481&headline=VALE-Vale-price-target-raised-to--from--at-JPMorgan
>China economy is booming
https://www.japantimes.co.jp/news/2020/12/15/business/economy-business/china-industrial-output/
>China iron prices record high
https://www.cnbc.com/2020/12/11/chinas-iron-ore-prices-spike-10percent-to-a-record-high-on-supply-concerns.html
>Vale is the top vendor of ore to China
https://auto.economictimes.indiatimes.com/news/auto-components/chinese-steel-mills-chase-iron-ore-contracts-with-brazils-vale/65899489
https://gcaptain.com/vale-and-chinese-port-sign-651-million-deal-for-iron-ore-storage/
https://www.investopedia.com/articles/investing/030215/how-iron-ore-market-works-supply-market-share.asp
>Though China was the No. 3 iron ore producer, it was also the top importer, buying up 63% of the global trade. Japan was the second-largest importer, purchasing 8.3% of global trade, followed by South Korea at 5.1%
>China is currently in conflict with Australia
https://www.abc.net.au/news/2020-12-14/global-times-reports-australian-coal-exports-blocked-by-china/12983336
>China's The Global Times appears to confirm a ban on Australian coal imports amid perilous trade tensions
Equals China buys their ore from Vale, not from Australia
>Macro conditions
Every country in the world is printing money to try to get out of this SARS recession - more money chasing the same commodities = price of commodities soars
Every country will try to invest in infrastructure to create jobs and kickstart their economy (think of after the great depression)
>Tesla is in talks with Vale for nickel production for batteries
https://seekingalpha.com/article/4394688-vale-and-tesla-nickel-picture

>>24831463
Ok do I use Schwab, mostly their mobile app.

You fuckers shilled me into buying CLF along calls that expire on 1/8/21 with a $13 strike price.
So WTF do I do with these things? Just sit there and look at them until 1/8/21? If so then what? Looking at them on the app all I can do is sell them now, as in Sell to Close?

Fuck I shouldn’t have bought these I got no idea WTF. I know what a call is but that is it.

>>24831563
>BB poomped silently after getting mentioned a few times in the main thread and then no one talking about it again
fug

>>24831463
>Options profit calculator
Do you have one for commodities futures?

>>24831610
To sell them yes, "sell to close" and use a limit price of whatever you want, but it'll sell at bid price if you use market rate.

so how exactly does robinhood get away with not requiring 25k balance to trade options? i remember applying for options trading with vanguard a couple years ago, kept getting denied even though i had like ~30k deposited

>>24831610
Yeah you just hold and hope you at least break even on strike price + premium you paid. Otherwise, sell it again if its worth more now to run off with a small profit.

>>24831610
stop buying premium start selling it
>>24831615
this is the main thread, you fuckers need to keep it alive
>>24831674
unfortunately not, but tastyworks has a solid one
>>24831703
robinhood is ok if you want to buy the underlying, otherwise for options its a no go

>>24831703
>so how exactly does robinhood get away
SHERIFF OF NOTTINGHAM DETECTED

I have decided i will start selling weeklies here and there as well, for a gamma exposure , but only on SPY , never the actual underlying

>>24831833

>>24831610
Just sell at market bro. At least you have money for mcd and Doritos.

>>24831811
>this is the main thread, you fuckers need to keep it alive
you know what I meant, kek
owell, can't catch everything
>>24831862
>but only on SPY
some day I'd like to have 100 shares of SPY and to just sell calls on it every 2 days

What do you guys think

U $125 / $130 Calls $3.10 breakeven

>>24832031
1/1/2021 expiry, oops

>>24832008
yeah i see your point, but eventually you will be assigned and fucked over

>>24831493
What about degiro?

aight what stock does everyone sell options on?

>>24832080
cheapest euro broker, but you cant trade options there, i would not recommend as their platform also is very user unfriendly

>>24832081
high liquidity ONLY, SPY, APPL, TSLA (not recommended, that beast is wild) and a few more

>>24832073
wasn't there some formula you posted before for selling calls that will usually never get assigned, something like delta 0.20 or below
hopefully by the time it does actually have that one random pump where it gets assigned I've already made enough money on selling calls up to that point + the change in the underlying up until then that it doesn't hurt so much and I can just wait for a dip to buy back in

>>24832275
yes fren,
you sell 16-20 deltas, 45 DTE, and you manage them at 21 days , whether naked or covered

>>24832137
hmm. I'd only be able to sell on apple.

>>24832360
why only apple?

>>24832398
because I cant afford anything else lol
any other cheaper stocks to sell on?

CLSK is a hidden gem for covered calls. Check out the premium. It is going to run this year so I think the best play would be to sell calls with relatively low dte with a close strike and just roll every time. Either way check it out anons.

>>24832437
BAC
WFC
BX
TQQQ (9dte)
ARKK

>>24832437
SPY is cheap man what are you talking about? and significantly less volatile , its a hedge vehicle

>>24832471
are you talking about naked calls?
im thinking covered calls here.
I only have about 15k to play with

>>24832516
I would go with a bank. Buy enough shares to sell 2-3 contracts and in no time you can upgrade to TQQQ or something bigger

GME 4/21 15c printing money for me rn.

>>24832661
why would you ever do that ? why a bank? they are worthless

>>24832661
hmmm ill look into it

>>24832680

do you guys sell weekly options or farther out?

>>24832798
almost never weekly, only 40-45 days out, and manage my positions at 21 before gamma kicks in

>>24832845
what do you mean by manage? Like seeing if you want to close your position or not?

If options general can't survive daily, can you do it every monday instead?

>>24832322
>45 DTE, and you manage them at 21 days
I suppose that makes more sense than just selling them every 2 days like I was saying, well I don't have enough money to get 100 SPY right now anyway but one day I'll try it

>>24832875
I'm assuming he means either closing the position or rolling it out further
>>24832914
this might not be a bad idea, just make it a once a week thing instead of daily

I have leaps open for CMTL and leaps for CLF. I'm a little sketched out by the cmtl though because it's a smaller market cap and is also lower volume. Wonder if that's a mistake?

>>24832945
ahh yea figured. I'm still new to options. Trying to understand everything as much as possible. Only bought LEAPs and sold a few covered calls on meme stocks but only weekly.

Thanks for the help bois

>>24832875
manager = either roll or take profit / loss
>>24832916
exactly, and redeploying capital

I've been choosing stocks to sell options on by filtering for high implied volatility on the thinkorswim platform.
Most of the stocks that come out on top are very low priced and worthless shitstocks, but this is how I found AMC , AAL, CAPR, and ET. Pretty great return on investment for selling out of the money puts. AMC is getting clobbered though. How do y'all search for stocks to sell premium on?
Pic related is my dream trading station

>>24832914
>>24832945
good point, i will try mondays

>>24833165
i search on tastyworks, and i choose
1. high IVR
2. high IV
3. liquidity (probably the most important)

usually i stick to SPY or the FANG for selling anyway

Does tastyworks require a minimum account balance for options trading?

>>24832916
>and you manage them
I'd also like to know what you mean by "manage them".
ty

>>24833397
nope, but to get live quotes you need to deposit 2k usd

>>24833454
what >>24833156 said
just either taking your profit/loss on the position and closing it, or rolling it out which just means closing the current position and then buying/selling the exact same thing but for a later date

>>24832360
XOM for divvy too!

>>24833454
managing is :

if you sell naked :
a. you make money - you take profit
b. you loose money - you roll or you take the loss

if you sell with defined risk :
a. you make money - take profit
b you loose money - take the loss (though sometimes when the risk is defined you might want to hold to allow time play in your favour )

remember lads, statistically selling naked 16 delta on SPY will NEVER result in a loss of over 100% of what your buying power reduction will be

>>24833566
>>24833593
Thanks for the explanation.

anyone who pays for the myriad of options data services find it worth it? if so how many zeros are you playing with

>>24833635
can you walk us through a successful SPY trade where you sold the premium?

date you bought/ sold | call/put | strike | expiration date | price ...or something equally compact and i'll try to decipher on my own :D

>>24833991
Op here from phone
Not sure what you are asking me , you want to see howntheta is being collected through time ?

>>24833847
Not worth a penny I think , especially those options flow services are pure lottery

>>24834788
pretty much yeah

good to know. Ive previously been afraid of options but the more I learn they are a opportunity/chance for making money on different types of stock activities which is a lot of fun for me. ive been using options play book and the op list to get a basic understanding of the terms and all thats out there. I appreciate what this general does

Lol why sell calls when you can just buy them on RIOT and mint

>>24832008
I had done that for a while then i switched to higher iv tickers.
And yes >>24832073 it does suck. Recently got assigned on WYNN @95 and DIS @135. I was making a whopping $300 per month selling calls then suddenly missed out on several thousands in 1 week.

>>24833991
If you did it today, it would look like this. I just noticed its highly skewed towards the puts. So if you sold 1 of the 16 delta, you would make $262. Its naked unless you have $34,300 to cover the assignment.

This is why those threads about "$1 million is not enough to make it" are retarded. With about $1mil, you could sell 30 of these, so about $7k per month if you are just selling SPY.

>>24836068
thank you very much

do you have a margin account there? how much buying power reduction would writing one put @ 2.62 have?

>>24836946
This is what the order came up with, so basically the cash required to acquire 100 of SPY at the strike price, $343, minus the premium received ($262), and commissions at AMTD which are less than $1.

>>24831527
paper trading?

>>24831486
klaus schwab

>>24836068
you'd make more money just holding the underlying desu, markets have been pumping like crazy lately

>>24837542
thanks again

>>24837597
Thats true, and getting assigned after your shares moon does feel like a kick in the nuts (See >>24835542). I guess the difference is, gains made by holding the underlying are not realized until you sell, and you buy hoping it goes up, whereas going short options you regularly make the premiums up front hoping you don't have to give it back before expiration.

>>24838052
>he sold a call
>moon it
>he was assigned
>tax him
>alright dip it
>he just FOMO'd
>dip it harder
>he bought a put
>pump it

>>24838093

>>24832081
PLTR and NIO are fairly priced and have pretty good premiums per contract.
If you have the money then TQQQ also has good premiums.

>>24831463
Do Tastytrade offers leverage?

Do we have an options telegram?

Hey I have a question, how do you buy covered calls and cash-secured puts?

I've been cucked by Webull and only have Level 1 options, but in order to be approved for Level 2 I have to make some trades. Whenever I try to buy a call it says "I am not approved for that strategy" even when I have enough cash to cover the maximum loss, anyone have any experience with this shit?

I really have to make some trades so I can move up

>>24833165
i usually sell spreads on relatively predictable stuff like MSFT, AAPL, TLT, and VIX, using meme lines to pick an entry/target

>>24839799
>Covered calls
Sell a call option that you have 100 shares
>Cash Secured-Puts
Sell a put and have the money to buy 100 shares

>>24840126
So I can't buy a call at Level 1?

Maybe what I need to do is buy some cheap stock where each share is like a dollar and sell calls on it, that way I can get some experience with this shit without potentially breaking the bank.

>>24839799
you can buy a ITM LEAP call and sell weeklies against it. much much less capital intense than selling puts or buying shares

>>24840174
Yea, but if thats too annoying go to tastyworks

>>24840191
Webull cucked him with lvl 1

Based

>>24840387
oops, missed that.

>>24840174
can you trade VIX? theres no underlying so options settle to cash (never get stuck bagholding) and its predictable long term.

MNKD

LCTX

>>24840626
>can you trade VIX? theres no underlying so options settle to cash (never get stuck bagholding) and its predictable long term.
how do you trade VIX (selling options I presume) with the possibility of sudden, extremely violent spikes to the upside?
OTM puts cost very little, do you still write them?
seriously curious

>>24831463
Any broker recommendations for Leafs? Interactive Brokers seems like the best bet so far, but compared to RH paying commisions out of the ass sucks hard

>>24841543
Most foolproof way is selling spreads atm on spikes above 30. any bearish spread will work but you can hold a call with low extrinsic value a few months out to cover your ass or maybe profit greatly if march ever happens again.

>>24835365
Same, I mentioned at Thanksgiving that I don’t do options and my Boomer-as-hell dad (stacks gold and everything) chewed me out for not being more risky at my age.
I’ve been so turned away by all the idiocy at WSB that I didn’t even considered farming covered calls and cash secured puts for premium.

>>24841543
this spread here for example would net you 42% on your money on expiry and breaks even above $27

>>24842168
>>24842487
thank you

hello first time posting in /og, I am a slow learner and the market doesn't use lube

not pictured: ~1.6k of BABA calls that expired worthless

Full gamble calls or puts on TSLA tomorrow at open?

>>24838093
>he bought rope
>fray it
>he's sobbing uncontrollably
>start an electrical fire
>he's been admitted to a psych ward against his will
>defund it

>>24831463
This concept is kills. Can this continue?