There was a period of time when I was new to this sub where I thought you were a chick based on the ass pic hahah. It was lolz either way.

Nice. Glad to hear you're killing it. I have a couple things that need to expire or close in RH, then I'm thinking I'm going to get away from them and transfer everything into Fidelity. I'll have to reload some after that GME fiasco too.

finally off spread, gotchu lolI have a RH account I opened just for a handful of stocks to set and forget about forever-ish (mostly novelty shares to give as gifts for birthdays or events etc like DIS, AAPL, and JWN (bought those at $11.5 lol)), and I really want to move them out, but I refuse to pay RH a single fukking cent, let alone $75, to transfer them... I'm also not wanting to sell and rebuy. fuark.

Fuk I've been repping random posts all week because I'm on spread with literally every regular in this and the spac thread.

Yo options traders....do you have any books that you recommend i read? youtube channels to follow? i'm a total newbie here.

https://www.youtube.com/channel/UCfM...Tj3NpZZP1tKShQ



Start simple with selling covered calls or selling cash secured puts

forgot about RKT love that stonk

STO 5x 2/26 $20 CSP for $100 each

STO 10x 2/19 $10 CSP on UWMC (formerly GHIV) for $70 each

My exact dilemma. I don't want to sell and buy back and get raked over the coals in taxes, but I also don't want to give RH $75 for fukking us over, regardless of whether a new broker is willing to cover the fee.I learned the most from watching Tasty Trade. Both old videos on YouTube/their site and tuning into their live show every day.

feels
Can't comment on books, but a couple YT channels I really like:

https://www.youtube.com/channel/UCfM...P1tKShQ/videos- very detail oriented videos, with little fluff. Literally draws stuff out for examples and really paint the picture

https://www.youtube.com/c/KamikazeCash/videos- This guy posts way too much, but his informative videos are stellar. Look for specific strategy based videos and enjoy.

option flow on GME has flipped.

its now 70/30 put / call ratio.

big money on 1DTE expiring tmmrw. all over strike $50 / $40 / $30

far OTM are being bought.

hmmm catch GME on the downside. IV is stupid high still.

lol, I don't want to touch that thing anymore. Shorting seems too obvious to me (again) which is I'd probably get burned (again).

I have this strong urge to buy some 1/12 $10P.


Today GME went from $92 to $55. 40% drop.


Was thinking this. It would have to be one day flip. In case GME falls apart after hours today.

If I buy to close a covered call I sold does that effect my main account balance? Or is that already calculated in?

I use fidelity.

nice guys. post your gains tomorrow!nvm, RIP

I’m down 28% on my AMD calls as well. Will see how it goes tomorrow, but it looks like I’ll have to take the loss.

Im fine I dont see it going under $51.40, its down 7% AH at $54



Sheila Dang
Thu, February 4, 2021, 4:13 PM
By Sheila Dang

(Reuters) - Snap Inc, owner of popular photo-messaging app Snapchat, on Thursday beat analysts' estimates for both user growth and revenue as the coronavirus pandemic prompted more people to use the app to connect with friends.

Daily active users (DAUs), a metric watched by investors and advertisers, rose 22% year-over-year to 265 million in the fourth quarter ended Dec. 31. Analysts had expected 258 million, according to IBES data from Refinitiv.

The app made the biggest gains in regions outside North America and Europe, with 55% growth in daily active users.

Revenue, which Snap generates mainly from ad sales, grew 62% to $911 million, easily beating Wall Street's consensus estimate of $857.4 million.

Advertisers have been drawn to Snap's large base of young users, and the company has invested in developing features that appeal to brands including Snap Map, which lets users find local businesses near them.

"As the global health crisis is addressed and the world begins to reopen, we see opportunities to help strengthen the bonds of the Snapchat community all over the world," said Snap Chief Executive Evan Spiegel in remarks prepared for release before an earnings call with analysts.

Snap's net loss narrowed to $113 million, or 8 cents per share, from $240.7 million, or 17 cents per share, a year earlier.

The company forecast first-quarter daily active users to grow 20% from the prior-year period to 275 million, and revenue to be between $720 million to $740 million.

Snap said Apple Inc's planned privacy changes, which will ask iPhone users to consent to personalized ads, could present a "risk" to advertiser demand, but added it was unclear how the changes could affect Snap's business in the long-run.

(Reporting by Sheila Dang; Editing by Cynthia Osterman)

Ehhh I might be proud owner of 400 shares of SNAP

Same 100 shares for me guess I’ll wheel them

yeah not worried ill sell 30 DTE, unless it bounces past 53 tomorrow.

If its 52ish I'll just BTC and still make a couple bucks

Pulled out 75% and put back into shares at 25% leverage.

Paperhands, but it aligns better with my mid term plans.

Starting a boomer wheel on KO, think it’ll go below 48 for earnings next week?

The premium you receive when you sold the call is added to your cash balance. The premium you pay to buy to close that call is subtracted from your cash balance.

Im selling on 4 tickers that I post on Monday morning after I trade. I sell mostly weeklies and 10% -15% OTM. If I want to own more, I sell near the money puts. My call strikes are usually 20 delta but sometimes as high as 30 or 40 for puts I wouldnt mind getting assigned. I usually shoot for percentage rather than delta though because I rationalize what I would be comfortable selling or buying at - Greeks dont care how much you win or lose.

Determine your risk tolerance first and work from there.

Sold my PINS LEAPs for a measly $60 profit a week ago only to see that it mooned after hours today. At one point I was down 20% on them...fook this man.

No one ever goes broke taking profit. I'd take a small profit over a loss any day.

SNAP held above $53 fuk yeah

+$640 on my 4 CSP


thetagang how I have missed you.

dodged bullet.

good thing I didn't buy GME puts yesterday.


gonna just stay idle

Already messed with this... Closed out the $1kcc that I had been deep red on since December lol. It went green today, and figured might as well close it out. I see a lot of upward movement coming, not necessarily to 1k, but I would like to open another CC at a better premium. Also feels good to not have to worry about that. If it hits 1k, I will have nearly quadrupled my tsla investment, and REALLY don't want to pay cap gains on that lol. I am still aiming for a 50% of initial max profit, will just have to be a wee bit more aggressive unless I open another CC.

STO 4x 3/19 OPEN 26p for $340 each


They are doing a share offering at $27 plus Charmath issues pushing it down a little


STO 3x 3/19 CRSR 40p for $510 each

GJ on all you bros makin dem dere gainz this fukin chit is OUT OF THIS WORLD

With my tiny portfolio I'm up 11k in one month and its been consistently like this for the past 3ish months...Each month gaining around 10k so between all my investments I've doubled my money almost exactly in 3 months. When the fuk will the correction happen? I got all these weed stocks I've been bag holding for years and now they finally poppin off so hard its making me question my own existence since I've been in most of the other solid winners as well.

Long term holding FTMFW!!!!!!!!

Reps for screenshots and who else held the weed stocks through the mess?