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15327809 No.15327809 [Reply] [Original]

Is options trading the best get rich quick meme?

>> No.15327865

>>15327809
Pretty much. But you need to treat it seriously and with caution. Very easy to lose.

>> No.15327925

>>15327865
i heard selling them was basically free money, is that really true?

>> No.15327949

redpill me on this and talk to me like I was 5 year old

>> No.15327957
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15327957

>>15327925
yes

>> No.15327969
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15327969

>tfw I just want my first million

>> No.15327990
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15327990

>>15327969
>REEFER

>> No.15328030

>>15327957
Who's that?

>> No.15328055

>>15327925
Yes. When you are trading with options, you are trading with mostly money that isnt yours. You might have $200 in it, but can be trading $1000's worth of stock. The longer you hold, the more risky. Try to do it when you have the best idea to when something is going to drop or go up. Because of the markets currently, I would suggest looking for ones to short. Whenever you are trading with leverage, you are trading with more money than you have.

>> No.15328092

>>15327949
Yeah hypothetically assume I'm retarded too. How do I do this?

>> No.15328119

>>15328055
so i could make a million dollars by selling a million dollars in options, transfer it to my checking account, and withdraw it all in cold hard cash from the bank? I fucking LOVE THIS COUNTRY!!!!!

>> No.15328129

>>15327925
>i heard selling them was basically free money, is that really true?
Well, it depends. If you're selling Calls then typically you will be holding the stock for the length of the contract so you have the risk of that stock going down on you. For this reason you're only gonna wanna sell covered calls on stock you don't mind bag holding.
If you're selling Puts then you just take the chance of being assigned the stock, i.e., having to buy the stock if it goes down. In that case you are bag holding, however, again, the trick is to just sell puts on stock you like and would have bought anyway.
The free money strategy is to sell puts on stock you like and collect premium for a while. Then when you get assigned, sell calls on that stock. When you end up getting assigned on that, wash rinse repeat. Look up the "wheel" options strategy.

>> No.15328131
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15328131

Wew

>> No.15328168

>>15327809
Opts are a dangerous meme, we see very confident people popping here and bragging about how they're good at making money with them, then they suddenly disappear (prob lose everything and neck themselves)

>> No.15328170

options are a scam
CASE.
CLOSED.

>> No.15328213
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15328213

So, I have a pretty meme strategy here guys
See if you can follow
1. sell several million in calls
2. withdraw it all in cold hard cash
3. buy up all the crypto you can
4. live under a new identity with your crypto millions in a new country

>> No.15328215

I’m gay and only hold chainlink, can I also do this or this only for straight men?

>> No.15328234

is Robinhood a good place to trade options? can i start trading with just $200? i don't care if i lose it.

>> No.15328247

>>15328234
For a $200 account, RH is perfectly fine. When you turn that into a 20k account, it'll be time to move on since with other brokers you get better tools, charts, fills, etc. and the fees will be negligible.

>> No.15328265

>>15328119
Yes, but capital gains taxes very on where you live. You can lose fast, but I never had made $21,000 so quickly before either. It's essentially gambling and not really investing. Get good at reading charts and following the businesses you want to try this out with. Most people lose, like over 80% of people using less than 2k

>> No.15328316

>>15328234
I know people doing alright on RH. You arent getting the best prices though. Like anon said, once you have big boy money, move to a better exchange.

>> No.15328388

>>15328247
>>15328316
what would be a good strategy? all in $200 on one trade? ill obviously do more research into trading options before i do anything. im just curious.

>> No.15328463

>>15328388
You will likely need to be all in if you want to buy a call with $200. Call options are options to buy 100 shares of stock at a future date for a predetermined price. You will pay a premium for the seller to take them off the market and hold them for you, that premium might be $4 PER SHARE, meaning you would pay $400 to buy the call in that case.

>> No.15328485

>>15327809
dang i wish. i always get fucked on options. i made a few good moves, but i'm still 3/10.

is there a rule of thumb for options? the longer the better? how deep in? no pun intended ;)

>tfw AMD was $4, bought 3 month calls for $7. a year after expiration, AMD is $20+

>> No.15328573
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15328573

>>15328388
Give this a shot. It's an "At the Money" put where you are buying the right to sell Apple stock for $210 within the next 3 days for $210. Sell when you are in profit. That'll get your feet wet and you'll learn by doing on a fairly safe stock that's probably going to make you a few bucks in the process.
The whole "learn by doing" thing is the only way to wrap your head around options in my opinion. Godspeed

>> No.15328719

>>15328234
Yeah but I wouldn't put your only 200 into options if you can help it. Options are hella jumpy. I'd only let it be 20 percent of your portfolio desu