/biz/ - Business & Finance

>>27222662
i dont know what those words means it sounds complicated im just going all in LINK

Go ahead and buy that.
>>27222738
go back

>>27222662
>selling naked options on GME

because that went so well in the past

>>27222662
because it's not worth the time

>>27222662
Because I don't understand what you just said. I look like a fuckin nerd to you?

Isn’t it too late to buy GME now ? What do you guys think about AMC ?

>>27222811
>he doesn't know what a spread is

>>27222662
>smart enough to do credit spreads
>dumb enough to use robinhood
Classic midwittery

>>27222756
im where i belong

>>27222662
I am. Raking in that IV and theta

>>27222662
im a stupid cunt. how do calls/puts work? all i know is buy low sell high, but i keep hearing people say options/calls/whatever are the big money

>>27222994
what strikes and dates are you using anon?
thought about rolling weeklies but the monthlies have so much sweet sweet premium

I'm to retarded to understand what you mean I'm sorry

>>27223077
>sell a ticket to a degenerate gambler that you will buy their GME for $6
>buy a ticket from some jew who will buy your GME for $5.50

>total losses capped at $50
>profit for each ticket sold is $12
it's like free 25% ROI for clicking a few buttons

>>27223077
MONEY MOVE PEOPLE WANT

>>27222662
I have no idea what you're doing. I also don't understand how the hell your limit price is only a few cents when the price of gmt is 300ish

I am mot a stock person. Explain please

hahaha everyone here is saying they are retarded too

We are simple folk. Your technology scares us, white man

>>27223211
You sell for 6. You buy at 5.50. So you're making 50 cents per share..?

I don't get the "losses capped at 50 dollars".

>12 dollar profit per ticket
You lost me

what percent lf these trades are successful and how much money are you using?

>>27223211
How do you actually do this? I just have buy and sell.

>>27222662
Because I am locked out of all my trading accounts for buying and selling GME all week....

>>27223077
Something you should understand is that risk and reward are inextricably linked. If your returns are higher, it's because the risk is higher. Returns are your incentive to take risks.
Options are leveraged by a factor of 100. It is a contract that gives you or your counterparty the right to buy or sell 100 shares of the underlying stock at a given price on or before a certain date.
>>27223302
Because what he's trading is not stock. It's a contract that is exposed to the movement of a stock. The contract has a value based on the terms of it and the movement of the underlying. Imagine this. I sell you a contract, a call, where I say I will deliver you 100 shares of GME at $400 one month from now. You pay me a premium for it. If one month from now, GME is at $300, the contract is worthless and you lose all the money you spent on it. No one would buy the contract when they can get GME cheaper at market. If GME is at $500 instead, the contract is valuable, because you can now get shares for less than the market price.

swap $300 and $500

>>27222898
robinhood is for gambling, my investment account is at a real brokerage

>>27223661
>I sell you a contract, a call
>I pay premium
>If one month from now, GME is at $300, the contract is worthless and you lose all the money you spent on it. No one would buy the contract when they can get GME cheaper at market.
But didn't I already "buy" the contract in this scenario?

Anyways, the interface is confusing too. Also, all the options available. I also don't get the same screen op gets. It's nowhere near as detailed

>>27224426
Wait... in this scenario I an buying your call and I lose money if it doesn't go higher by a specific level because market value will be cheaper..
okay I guess. I can't use the interface well tho

>>27222662
>deep OTM put credit spreads
uneducated on option here
In simpler terms... what does this mean

>>27224744
it means 25% ROI for every $100 you put up for 2 months

isn't rabbihood limiting how many options you can buy right now?

>>27222662
I'm not understanding why it is that when I go to GME -> april 16 -> buy and put ->$5.5 put option I get some basic ass menu instead of something that looks like this pic.1 contract is also 62 dollars. Limit price is also 60-63 cents, not 12-40 cents.. how would I even access this menu on the app?

>>27224854
I really am retarded. It takes 2 months to get the 25% roi basically?

>>27224994
>>27223582
turn on level 3 options

>>27224994
Would be easier to show what I mean if I posted pics but 4chan is blocking me from posting images from mobile data

>>27225096
I don't know where else you're going to find a better near-guaranteed return in 2 months

>>27222662
That's called "picking up pennies in front of a steamroller."

>>27222884
jesus christ i only got in literally a few days ago with robinhood, my verifs not even done yet, zero experience or knowledge, and even i can tell how retarded this is.

>>27225154
That option isn't shown to me. Anyways, what kind of cash have you been making and in what time frame?

>>27225188
Well I mean.. it's not bad if it works, but I think I'll skip all the confusing sht and just hodl crypto

>>27225241
>implying a put spread is the same as a naked put

>>27222884
It'll be smarter to buy calls or puts at this point.

>>27222662
I don't know what this means (forgive me, I'm from /pol/ not retarditt) but I'm willing to learn. Just need to read up on what these things mean.

But I have been warned puts and options are pretty risky shit in general.

>>27225704
>it's like free 25% ROI for clicking a few buttons
just goolge puts, call options and naked fags

>>27225704
Nigga go to youtube. There are like 5 billion videos out there.

>>27225742

You pay for premium on the vertical spreads no? Shouldn’t it be extra expensive since the vols are up?

>>27225993
credit spread != debit spread

>Shouldn’t it be extra expensive since the vols are up?
yes, that's why the ROI is so high right now

>>27222662
>>27223211
>$6
>covering your downside
Meanwhile I'm selling $20 puts and not buying anything. What are you scared of? If GME drops to $6 I'm taking out a loan to go all in.

>>27222662
you told me to do this and i said uhh why and i get why now, but im still too pussy to do it because the extra retarded redditors might actually hold as a political statement

>>27222884
If you can afford it, grab at least 1 GME just to be part of the memes. Just don’t get too greedy with a profit and thinking that this 10k a share thing is going to happen.
AMC still seems a good bet at the moment. I honestly feel it could hit $40+ this week. It could get even more momentum if there’s a big GME cash out and people hop onto AMC

>>27222662
I'm Euro and only broker who has puts/calls on US stocks is Interactive Brokers. Fuck that.