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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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08-23-2021, 01:07 PM
#6871
Originally Posted By TugOfPeace⏩
does it matter if people pile into a single strike price vs several - like 100% into $15C vs 33% into $11C, 33% into $15C, 33% into $20C?

I bought some $11C this morning

this is a perfect setup, price is still low so limited downside
$11C is fine.


very complicated to explain. (not something I have deep knowledge on either)

what gives fuel to fire on these garbage stocks is to drive them with options market

market maker wants to be always delta neutral.

if everyone buys OTM calls say $15C

market maker now is gonna be short on delta/gamma.

in order to get delta neutral market maker will buy stock.

hence prices goes up.

mm job is to let that OTM expire worthless delta will drop to zero and they can sell the actual stock

if stock goes into money MM delta will be 1 and MM will have to buy stock.

so you end up with 3 scenarios.

1. shorts are down will need to cover

2. mm have to buy stock because tons of otm calls are going up OI increasing

3. retail starts buying shares


Originally Posted By RobParks2M⏩
INB4 all the hedge funds post on their version of reddit and they all massively short it into oblivion
LOL


Tbh not even sure where this stock came from.

I have hard time believing this will be another AMC to double unless this really starts to trend and it won't be that simple.

Would require insane amount of call buying this week.
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08-23-2021, 01:08 PM
#6872
Originally Posted By TugOfPeace⏩
SPRT is at $11.25.. fuk I wonder if this will moon at all like AMC, +27% for the day so far
I want to sell Support.com at 15. Bought around 5

After hours not looking good
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08-23-2021, 02:47 PM
#6873
Originally Posted By camaleom⏩
I just gonna sit on my puts and watch the world burn lol
Originally Posted By Carbonfibre⏩
rising wedge pattern on decreasing volume on SPY and QQQ with higher highs and higher lows.


if you know what that above means tread carefully.
Stocks only go up

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08-23-2021, 03:31 PM
#6874
BRAHS I NEED YOUR HELP!!! I tried researching this all over youtube and google with a certain "strategy" and haven't found any answers on this.


This might sound COMPLETELY POTATO but I have 1237 shares of Tesla, I'm kinda tired of holding them in a way, I started looking at premium for the contracts, and I'm like well why not just get as much premium as possible so I did a covered call for 880 strike for JUNE 16th 2023 since I had 1237 shares I did 12 contracts and each contact paid me $160.50(x100) =16,050 x 12 contract so I received $192,600 just in premium TODAY, plus if Tesla goes to 880 or higher and my contract gets exercised I just get rid of 1200 shares and I make $1,056,000 off of that as well..

Am I missing something here LOL????

I could've done a long out covered call for June 16th of 2023 for 730 strike which would be $203 premium x 100 = $20,300 x 12 contract = $243,600 paid out to me immediately. plus the $876,000 worth of shares, then if Tesla dips again or goes down I just buy a bunch of shares and sell another long-out-covered call for that juicy premium.


Seriously though I have to be missing something right???
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08-23-2021, 03:51 PM
#6875
Yes you are missing something you’re supposed to wire a 1/4 of that 192k to me asap.

I got no helpful info for you but congrats on the gainz.
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08-23-2021, 04:03 PM
#6876
Originally Posted By sebackers⏩
BRAHS I NEED YOUR HELP!!! I tried researching this all over youtube and google with a certain "strategy" and haven't found any answers on this.


This might sound COMPLETELY POTATO but I have 1237 shares of Tesla, I'm kinda tired of holding them in a way, I started looking at premium for the contracts, and I'm like well why not just get as much premium as possible so I did a covered call for 880 strike for JUNE 16th 2023 since I had 1237 shares I did 12 contracts and each contact paid me $160.50(x100) =16,050 x 12 contract so I received $192,600 just in premium TODAY, plus if Tesla goes to 880 or higher and my contract gets exercised I just get rid of 1200 shares and I make $1,056,000 off of that as well..

Am I missing something here LOL????

I could've done a long out covered call for June 16th of 2023 for 730 strike which would be $203 premium x 100 = $20,300 x 12 contract = $243,600 paid out to me immediately. plus the $876,000 worth of shares, then if Tesla dips again or goes down I just buy a bunch of shares and sell another long-out-covered call for that juicy premium.


Seriously though I have to be missing something right???
If TSLA goes to $880 or higher the contracts that you sold at $160.50 a piece will be more than that.
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08-23-2021, 04:18 PM
#6877
Originally Posted By Slamt⏩
If TSLA goes to $880 or higher the contracts that you sold at $160.50 a piece will be more than that.
That's fine with me though, that just means I didn't make as much as I could've, but there's really no "loss" it's just like with selling any stock, once you sell it, it can always go higher than what you told it at.

But no matter what I'm still going to gain 192k which was already paid to me, and the $1,056,000 off the shares one they sell for $880, correct? Also, the 12 contracts will be out of my account as well once the shares are taken out.
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08-23-2021, 04:51 PM
#6878
Originally Posted By TugOfPeace⏩
you're not missing anything, except that you're losing profit if TSLA breaks $1040.50 before expiry
Ok just making sure.

That's perfectly fine, just like with any stock once you sell it, it could go up 10,20,30,40%. I'm perfectly happy with selling at $880 it's better than me selling it at $880 without getting 192k in premium. I know that's how I've always sold before in the past which was "ok once this stock gets to xx amount I'm going to sell" which I do, but I could've been just selling it with a far-out covered call because the premiums are so much higher as I'm now finding out.
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08-23-2021, 05:15 PM
#6879
Originally Posted By dopamine72⏩
Hell yeah!

Now we patiently await the next dip

I got buy targets set for COIN, NVDA, AAPL, MSFT, FUBO, CHWY and SNAP….they all have to have at least a 10% pullback for me to even consider getting back in, especially COIN

MSFT seems like its never gonna stop this run up though lol chit be cray


^ Think most of us have 6 fig accounts in here no?
Yeah. Im targeting F or just buying back in to what i sold on a dip. PENN has been killin me though. But…maybe have to buy in while im negative in it like i am prior to football season.

Also, both accounts 6 figs crew.
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08-23-2021, 06:17 PM
#6880
Originally Posted By TugOfPeace⏩
just curious, what price did you buy at?
I've been in and out of Tesla a few different times but every time has yielded a profit, most recently I purchased it at $716.50 on 8/13/21.
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08-23-2021, 07:18 PM
#6881
anyone buying BABA ? these prices are dirt cheap
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08-23-2021, 07:22 PM
#6882
Originally Posted By VegasLifter26⏩
anyone buying BABA ? these prices are dirt cheap
Baba is a street drug at this point, and I took some this morning, it worked out, made a few bucks LOL
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08-23-2021, 07:43 PM
#6883
GL out there tomorrow boyos.









Stay safe
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08-23-2021, 08:10 PM
#6884
Originally Posted By VegasLifter26⏩
anyone buying BABA ? these prices are dirt cheap
It still could dip a lot more.
Spoiler alert; you die at the end.
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08-23-2021, 10:28 PM
#6885
Originally Posted By HMFIC_BROWSIN⏩
It still could dip a lot more.
my bag prays it won't lol
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08-24-2021, 12:29 AM
#6886
Originally Posted By VegasLifter26⏩
anyone buying BABA ? these prices are dirt cheap
JFL at buying a company that could be nationalised or forced to donate profits to the CCP at any moment.
He/Him/Bro
Let's go Brandon!!
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08-24-2021, 04:46 AM
#6887
Originally Posted By Elias373⏩
JFL at buying a company that could be nationalised or forced to donate profits to the CCP at any moment.
This.

And china's solid accounting practices.
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08-24-2021, 05:53 AM
#6888
^^^ x10000 with China

thx but no thx
"Paper money is going away" - EM
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08-24-2021, 06:40 AM
#6889
Originally Posted By Slamt⏩
Aite

time to buy this chynnnna dip.

Long BABA.

if trade fails, just turn it into a long term investment.
Originally Posted By Slamt⏩
I have no idea why I do things I do, sometimes I just buy things because I think it's going up srs.

But I have two separate accounts for day trading and one for long term common buying and wanted exposure in both.



have like 15 of those september 170c's.


JFL at not buying this china dip
JFL at saying you'll wait for the dip to buy and then too scared when it comes


some of yall are not gonna make it


edit: i am all out of this trade
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08-24-2021, 06:42 AM
#6890
huge volume out of the gate for SPRT


target is $15
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08-24-2021, 06:58 AM
#6891
PLTR bullish as f*k
He/Him/Bro
Let's go Brandon!!
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08-24-2021, 07:03 AM
#6892
What did I tell you guys about FUTU and TIGR.

This is only the beginning….
See title.

Always Neg Back Crew.
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08-24-2021, 07:18 AM
#6893
Originally Posted By Lefticle⏩
What did I tell you guys about FUTU and TIGR.

This is only the beginning….
Falling knives of peace
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Let's go Brandon!!
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08-24-2021, 07:19 AM
#6894
looks like highest strike was $18C yesterday

so today they opened new strikes to $23C

and as usual idiots jumped into highest strike possible which spreads gamma exposure out (this is same thing they did with GME strikes to $690 and AMC strikes to $140)

gonna be very hard for this to hit $15 if there isn't more OI on $15C

market makers learned lot from gme/amc squeeze, they increase iv fast and write new far otm strikes


it does have more attention volume is already 5 times its average.
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08-24-2021, 07:21 AM
#6895
Originally Posted By Elias373⏩
Falling knives of peace
We shall see
See title.

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08-24-2021, 07:40 AM
#6896
Originally Posted By Slamt⏩
JFL at not buying this china dip
JFL at saying you'll wait for the dip to buy and then too scared when it comes
some of yall are not gonna make it


edit: i am all out of this trade
Your insane! nice work mayne lmao
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08-24-2021, 07:42 AM
#6897
What if Chyna were just trolling us all with crashing their stocks so that they could buy more themselves.
He/Him/Bro
Let's go Brandon!!
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08-24-2021, 07:45 AM
#6898
Originally Posted By Carbonfibre⏩
looks like highest strike was $18C yesterday

so today they opened new strikes to $23C

and as usual idiots jumped into highest strike possible which spreads gamma exposure out (this is same thing they did with GME strikes to $690 and AMC strikes to $140)

gonna be very hard for this to hit $15 if there isn't more OI on $15C

market makers learned lot from gme/amc squeeze, they increase iv fast and write new far otm strikes


it does have more attention volume is already 5 times its average.
Yep. Have to trade with these fuks.
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08-24-2021, 07:53 AM
#6899
Just bought more:

HIMX
FUBO
OZON
MTTR
HEPS
TIGR
SOFI
TWLO
PATH
See title.

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08-24-2021, 07:54 AM
#6900
Originally Posted By Elias373⏩
What if Chyna were just trolling us all with crashing their stocks so that they could buy more themselves.
Hence the avoid the china stonks like the plague.
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