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/biz/ - Business & Finance

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53927746 No.53927746 [Reply] [Original]

Anyone try this? I’ve been adding buy call options to my options watchlist in Robinhood like pic related to test the waters before doing real trades and it seems like I could make some decent money on a weekly basis with low risk. So far on my picks I would have made $568 and more from other test trades within a couple of days. Anyone else doing the same, seems like easy cash.

>> No.53927767

>>53927746
Explain options to a brainlet please anon

>> No.53927912

>>53927767
I just started to get into it this week but beware its the most risky type of trading. I got into SPY trading because of Gregory Mannarino and it seems to be the easiest to trade because of the low risk and high liquidity. Do what I did before using real money and/or paper trade. Robinhood options trading seems weird but when you do a call option look at the breakeven price or you wont make money but lose money (I believe, still learning) and make the contract expiration date a couple of days or a week later but I believe the premiums are more expensive. Robinhood is also very limited compared to other trading platforms. Make a thinkorswim account and papertrade. (last vid will help)
>Watch the videos in order and in full length.
https://www.youtube.com/watch?v=EfmTWu2yn5Q
https://www.youtube.com/watch?v=eCEHzyCTDd8
https://www.youtube.com/watch?v=SB6cRAkQOb4

>> No.53928052

Another inorganic robinhood thread

>>53921588

You guys are REALLY underwater huh?

>> No.53928268

no one likes your shit fuck app HOOK. NOSED. FAGGOTS.

>> No.53928541

Don't only use that. if you want to initially sure but use a site like below so you can see how theta will affect your position. https://www.optionsprofitcalculator.com

Here's my current option play.
https://www.optionsprofitcalculator.com/calculation/spy-2-legs/QIQ
Kinda upsetti spaghetti I didn't close out for a 200 profit on mar 1... rip.
I'll keep holding though. 2 more weeks

>> No.53928675

>>53927912
Thank you kind anon

>> No.53929043

>>53928541
Thanks, just got into option trading and I wished /biz/ would post stuff about options because its seems like most anons could make easy, low risk money trading options on stocks like SPY instead on waiting for a crypto bull run.

>> No.53929059

>>53928675
np :)

>> No.53930386
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53930386

>>53927767
It's where you leverage to the tits, make a correct call, and then get utterly owned by something called "implied something or other" which you look up only after losing $100,000

>> No.53930815

>>53927746
You say you barely even understand options yet you want to play with fucking weekly and daily expirations. Those may as well be bets on a coin flip with a built in house edge (slippage, order flow, market maker hedging). I blew up my first account with options, dont do the same.