jozen

4y

you specifically said, "learn to trade options if you want to make big money"

and then said to allocate 10% of your investment capital to day trading

I'm dense???? Do you even know what implied volatility is? vega? theta??

If anyone is seriously going to follow OP's pea brain advice and still get involved with options, just avoid weeklies, all I'm gonna say

RX Nigerian Pastor

4y

Damn that’s more than I ever have made scammin or collecting cans

Might have to get in the stock game

TTC

4y

lol i feel you with tsla. was the decision making behind the trades based on the presidential situation, independent of it, or did it happen to benefit from the outcome?

Side Nigha

4y

Gotchu. I guess I sort of agree. I’d definitely recommend people to LEARN the greeks and derivatives in general before jumping into it. I just felt like in the original post you sort of advocated it “if you want big profits get into options”. But I get what you mean now that you’ve clarified. I also just think people need to get exposed to the sell side of options rather than buy side in general which it seems none of these f***head ‘gurus’ advocate. Like honestly you are far less exposed to risk selling a naked option than buying if you know what you’re doing tbh. But yea I’m not on your ass, just think sell-side should be promoted

SolidSnaku

4y

got debt? put a dent in it or pay it off entirely if you can

Side Nigha

4y

Gotchu. I guess I sort of agree. I’d definitely recommend people to LEARN the greeks and derivatives in general before jumping into it. I just felt like in the original post you sort of advocated it “if you want big profits get into options”. But I get what you mean now that you’ve clarified. I also just think people need to get exposed to the sell side of options rather than buy side in general which it seems none of these f***head ‘gurus’ advocate. Like honestly you are far less exposed to risk selling a naked option than buying if you know what you’re doing tbh. But yea I’m not on your ass, just think sell-side should be promoted

AR15

4y

Its all good til you get assigned

Side Nigha

4y

Assignment is not a risk if you’re not an idiot. Let’s see, on the call side, why worry about assignment when all it means is that you let your shares go(at an agreed upon price which should clearly be above your cost basis) AND keep your premium. On the cash secured out side, just write puts on stocks where the underlying is something you wouldn’t mind owning.

Now if you’re speaking about assignment on naked options, again if youre smart it’s not as risky as simply buying options bc there’s many ways to protect yourself. 1. You can write very OTM strikes with low delta and statistically very low chances of being ever being itm. 2. You can ALWAYS buy it back to roll the contract and 3. You can simply not over leverage yourself and trade within your cash + margin balance (enough to cover the possible assignment cost).

I wouldn’t recommend naked selling though to be fair, and only advanced option sellers should do that

imShy

4y

Got you bro. selling options is so enticing but I would never sell naked. and you're talking big bread if you want to sell from a reliable ticker.

I know most people buy a lot GE and Ford to sell and they're not that expensive. my end game has always been to make enough money to buy into some of these top companies and then just sell contracts for weekly/monthly income

AR15

4y

Yea i guess its really not that bad if you do it with cheap tickers or otm strikes i still wouldnt do it tho

GIO GIO

4y

f*** options we on penny stocks now

Side Nigha

4y

Yea I don’t currently sell naked tbh. My brokerage won’t let me and I’m way too risk averse for that anyway. Rn the spac market is ridiculous for farming theta due to insane IV(but that of course comes with more risk). Playing those around Net asset value becomes very risk defying though. Ive been playing some decently cheaper blue chips to write options on. IE: snap, any airlines/cruise, many of the ARK ETFs(love ArkG recently), AMD, etc. All you need is 10-20k and you can make a solid 2-5% on such stocks in this market tbh.

imShy

4y

yeah that's my goal but I'm not there yet. the past year I've been heavy in ev, I got on NIO and Workhorse early (like 15ish) but sold both at around mid 20s. and most recently I've settled on clean energy and that's treating me really well.

you can't really go wrong with ARK though it's almost fool proof long term

Side Nigha

4y

Clean energy is god tier rn especially with Biden. Can see s*** like SBE, ICLN and the likes absolutely mooning in the next few months

Side Nigha

4y

Kill me bro. I had a limit buy for a few k in $bngo at 1.07 but I was like nah it’s gonna get dumped so hard

GIO GIO

4y

Jesus I haven't heard of that one. But yeah I've had similar s*** happen. Or just in general hearing about one and ignoring it, and then check on it a month later and it's up 700%. F***ing annoying. But yeah I've seen people get f***ing paid off this otc s***. I need to get in on one of the next big ones