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/biz/ - Business & Finance

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16566593 No.16566593 [Reply] [Original]

I just purchased 32 Ethereum options with $240 strike price to expire on 27th of March. Only costs $170 with potential upside estimated up to $12,000

Use my link if you decide to secure yourself a node for when Ethereum staking goes live: 9007.5348

>> No.16566598

>>16566593
This is how it works

You pay $170 right now to have the right to buy 32 ETH for $240 per ETH between now and 27th of March

If Ethereum is $500 on the 14th of February 2020 my profit will be: (32*$500) - (32*240) - $170 (the price I paid for the options) = $8150

>> No.16566605

>>16566598
Negative scenario would be you lose a maximum of $170. You can always close the position if the options are becoming worth less then $170 but I dont recommend doing that. If you are not willing to lose a full $170, buy less options.

>> No.16566908
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16566908

Biz hates money.

>> No.16566931

Out of the money calls are like niggers... They dont work.
Underlying goes up, vol goes down, your calls lose premium and value.
Underlying goea down, your calls loose value.

>> No.16566956

>>16566908
yup, you’re practically placing a bet for $170 that Ethereum staking goes live or CME lists Ethereum futures before the 27th of March with ~1:50 odds.

Youre literally risking 1 dollar to potentially gain 50 and biz continues to wonder why theyre poor

>> No.16566964

>>16566593
staking is a meme for noobs, just like dividends in stocks

>> No.16566967

>>16566956
Come lists eth. Price goes to $4.

>> No.16567017

>>16566593
Why 32 and not 3.200?
Are you are poor person or something?

>> No.16567070

>>16566964
are you larping or just completely fucking retarded?

>> No.16567083

It’ll get delayed and your options will expire worthless

>> No.16567240

>>16567070
probably both

>> No.16567272

>>16567083
so youre not willing to risk 1 dollar to potentially gain back 50 on the possibility that staking wont go live at a moment when ethereum's volatility is at the lowest point since 2016? yeah you must be fucking retarded

>> No.16567279

>>16567272
Bro have you heard of this shit called Powerball? You risk 2 dollars to potentially gain hundreds of millions! If you won't risk $2 to gain hundreds of millions you're fucking retarded.

>> No.16567320

>>16567279
those things dont have the same odds you stupid nigger so comparing them is moot, fucking retard

>> No.16567471

>>16566593

Is this site legit or will a bunch of brown sirs lock my account when i try to withdraw?

>> No.16567479

>>16567320
No there's about the same chance ETH is 240 by March as you winning Powerball. Powerball may even be better.

>> No.16567488

>>16566964

Please explain how dividends are a meme

>> No.16567592

>>16567471
The latter

>> No.16567614

>>16566593
any tutorials to teach me how and what the fuck I am buying. (Is 1 option worth 100 eth- same as traditional markets?)

>> No.16568032

>>16567614
Message me on twitter or telegram ill hook you up @btcharlatan

>> No.16568105

>>16566593
Theta will fuck you up.
But I wish you all the luck anon.

>> No.16568304

>>16568105
Only if Ethereum stays below $240, but if my assumptions are correct I think ETH will reach $700 easy in Q2

>> No.16568345

>>16568304
I've not invested in any crypto before. Would you recommend opening an account on Coinbase and buying as much Ethereum as possible?

>> No.16568647

>>16568304
Where did you get 700 from, your ass?

>> No.16568753

Is there a legit place to trade options on BTC or ETH?

I'm (((American))) pls no bully

>> No.16568890

>>16566593
Where are eth options sold? You're lying

>> No.16568939

>>16568753
This, I'm tired of
>Number go up, number go down you win 0.
Gimme a gambling site.

>> No.16569237

Anyone know Bancor? A ETH token that generates fees is being airdropped if you hold BNT. Anyone doing this?

>> No.16569352

>>16566593
nice seems smart

>> No.16569607

>>16566593
Couldn't you just buy some now for 140 you retard?

>> No.16569699

>>16569607
costs alot more than $170 to make this much if you're bullish on each shortterm

>> No.16569988

Can I get liquidated by doing this like in margin trading?

>> No.16570152

>>16569988
Worst case (and most likely) scenario is you’re out the original money you put up for the contracts.

>> No.16570167

>>16566593
any platform that has to advertise themselves on 4chan isn't worth using

>> No.16570209

>>16566593
every now and then some autist delivers a high quality thread
thank you kind sir

>> No.16570760

>>16570209
Just realised the referral like doesnt work