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/biz/ - Business & Finance

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57315323 No.57315323 [Reply] [Original]

>> No.57315338

https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2024/SR-NYSEArca-2024-06.pdf

>> No.57315370

NYSE is retarded
No one I know cares or wants to buy options on the BTC ETFs

>> No.57315390

>>57315323

I sure love kikes and their derivatives can't wait there to be 1 billion USD in derivatives for each 1 BTC in existence.

>> No.57315457

>>57315370
cool but no one asked
>>57315390
sadly this probably

>> No.57315463

>>57315323
BRRR and HODL

>> No.57315472

>>57315370
options gambling is the best but every friday will be flat for bitcoin due to market maker jews

>> No.57315537

>>57315370
>no one I know
Woweeee

Meanwhile I bought 10,000 shares of IBIT explicitly to sell options

>> No.57315582

>>57315537
you're a retard
derivatives are a jewish scam

>> No.57316067

>>57315323
This will bring the 0dte degens over
Wallstreetbets takes over
It's over

>> No.57316129

>>57315537
1000 here but samesies

>> No.57316194

>>57315390
winner. bitcoin is about to get goldstein'd

>> No.57316210

>>57315370
>No one I know
you're a californian anti-bull retard wagie
you don't know anyone

>> No.57316219
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57316219

>>57315323
oh yippie, even more paper bitcoin. surely nothing can go wrong

>> No.57316624

>>57315370
Capped. This post is going to be funny as fuck one year from now.

>> No.57316859

>>57316067
>plebbit buys millions of ibit shares to sell CCs for the "juicy premium"
>Fink pumps BTC to the stratosphere to cuck them
Nothing personal, goy

>> No.57316873

>>57315370
Then your friends are fucking stupid. You'll be able to make tons of money with basic options strategies week over week due to boomers and Gen x-ers not really understanding how crypto works. It's free money. Why do you associate with retards?

>> No.57316884

They will use this to short BTC into oblivion and it will never make it above 50k again

BTC will be buck broken

>> No.57316924

>>57315537
how does that even work?

>> No.57317065

>>57316924
I dont know but its some retarded scam. If you missclick something you can OWE money and go bankrupt. Why the fuck would you gamble with options when you can YOLO and if it goes wrong at least you can baghold. You own something. With options its smoke.

>> No.57317185

>>57317065
covered calls is literally free money

>> No.57317332

>>57317185
>covered calls
too fucking convoluted
>literally free money
no such thing

>> No.57317351

>>57317332
The risk is limited upside if the underlying shoots way above the strike price, other than that (in crab and bear markets) selling calls and collecting the premium is literally free money

>> No.57318221

>>57317351
>selling CCs on fucking BITCOIN is free money
We could actually melt up to 7 fig this bull with idiots like this in the market

>> No.57318252

>>57318221
Even if that happened a trader/investor selling CCs would still make money just not as much money

>> No.57318256

>>57315370

Everyone you know is poor and spends their money on fenny

>> No.57318271

>>57317185
Covered calls only work if there's no volatility and bitcoin is incredibly volatile.

>> No.57318272

>>57315370
Really? You know a lot of real traders or market makers? All the real traders I know have a theory that the only reason the ETF was even approved was so options could be brought to market. Options is how BTC gets tamed. Options are how money is made. Not that stupid .3% management fee. The Market Makers are foaming at the mouth to sell contracts. Options are where the big boys play.

>> No.57318281

>>57315323
>>57315323

Buying Weeklies on BTC which is uber gambling on these is going to be hilarious. Faggot's Delight I believe the coined phrase.

>> No.57318309

>>57318271
Huh? CCs is the best strategy for volatility. IV stays nice and high so you get max premium. If hits the strike and they get called away who cares just wait for the inevitable pull back and do it again and again and again. Volatility are covered calls best friend.

>> No.57318323

>>57318252
>what is opportunity cost
CC selling paypigs are going to make us all rich

>> No.57318346

>>57318323
Yeah that was my argument, CCs are literally free money with the only "risk" being limited upside potential.
And yes Bitcoin's high volatility will make selling options insanely profitable with huge premiums so people will sell CCs on the ETFs.

>> No.57318381

>>57318346
>accept all downside risk
>sell all upside potential
>free money
CC selling paypigs are going to make us all rich

>> No.57318404
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57318404

>>57318381
I agree, I'm just saying that a lot of people will be selling CCs on IBIT for the insane premiums
I am a wholecoiner who holds everything in cold storage so I'll profit from this