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Forum » **OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR
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Thread: **OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR

post 1628712673 01-15-2021, 06:39 PM
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#8641
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
  2. 1012 ng/dl
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Originally Posted By Harry362⏩
Sell a put. Like a 2/19 $25p on Pltr it was like $300 the other day. If Pltr stays above 25 you make $300, if it drops under $25 you are forced to buy 100 shares but you still keep the $300 so your cost basis is $22. If it stays above 25 great you made $300 and if it drops **** it well covered calls. Take a portion of the premiums you make to buy some stupid yolo calls on bull**** like Mara or Whatever is the flavor of the week

I’m beginning to be able to make some srs money in premiums, recently made 4k off Ghiv 4700 off Pltr 1200 off CRSR etc

Had paper hands and lost 2700 or so on a baba csp though


Balls deep In spac land atm though praying I hit it big on CCiV and double my acct would be fukn insane to wheel with 300k
can you go into a bit of detail on how you made that much with GHIV & PLTR? I hold both of those. Like how many shares, option details, etc.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1628713893 01-15-2021, 06:52 PM
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#8642
  1. chino3
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Originally Posted By TugOfPeace⏩
I buy monthly covered calls when the share price is high, then wait for the price to dip and make a nice profit when I close the call. Rinse and repeat
You don’t buy covered calls...
"It won't get better, just different."
post 1628714103 01-15-2021, 06:54 PM
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#8643
  1. Harry362
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  1. Harry362
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Originally Posted By TugOfPeace⏩
can you go into a bit of detail on how you made that much with GHIV & PLTR? I hold both of those. Like how many shares, option details, etc.
They were large positions


20x May 2022 $12.5 Ghiv puts at $340 each and I closed them at 4k profit

10x 1/15 Pltr 25 put for $470 each

Those took a lot of capital but with 10K you can still make good premiums
post 1628714163 01-15-2021, 06:55 PM
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#8644
  1. Lb54TG
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  1. Lb54TG
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Originally Posted By chino3⏩
You don’t buy covered calls...
Looked it up and I guess he meant writing / selling cc

I’ll keep these in mind boys as my account recovers.


I bought AMC 6/18 6C a few days ago for .46 they’re .75 now and AMC has moved from the bottom.

So glad I found that and bought at the bottom. Hoping Stimmy funds help and theaters open soon now that Biden won the election and some states wanting to open back up.
Asian Crew. Always Rep Back Crew. Positivity Crew.

/\^/\^ Misc Colorado Crew ^/\^/\
post 1628714203 01-15-2021, 06:55 PM
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#8645
  1. Travis99
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Originally Posted By chino3⏩
You don’t buy covered calls...
You sell them.
There is no they…
post 1628714273 01-15-2021, 06:56 PM
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#8646
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
  2. 1012 ng/dl
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Originally Posted By chino3⏩
You don’t buy covered calls...
My mistake, meant sell.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1628714353 01-15-2021, 06:57 PM
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#8647
  1. taf1968
  2. RIP GST
  1. taf1968
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Originally Posted By Heaney⏩
What is red? CCIV gang been pumping all week.
Most of my portfolio today.

FML.
*MFC Elder Statesmen Cabinet Crew*

**Distal Bicep Rupture Crew (Feb 2013)** -- recovery log: http://forum.obnoxiousbrutes.com/showthread.php?t=151942933
**Extreme Dips Crew** - http://forum.obnoxiousbrutes.com/showthread.php?t=136113651
post 1628714523 01-15-2021, 07:00 PM
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#8648
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Originally Posted By Harry362⏩
They were large positions


20x May 2022 $12.5 Ghiv puts at $340 each and I closed them at 4k profit

10x 1/15 Pltr 25 put for $470 each

Those took a lot of capital but with 10K you can still make good premiums
Woww May 2022.. I was contemplating doing this the other day with BFT. I was thinking to myself, if I sell a covered call for BFT with a very far out expiration, that would give me an extremely high premium. I just wasn't sure if the strategy of selling that covered call when BFT's price was high and then waiting for it to dip so I could close the covered call at a lower cost would affect the premium as much as it would if I were to sell and close the call at a much quicker expiration.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1628714603 01-15-2021, 07:01 PM
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#8649
  1. Travis99
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  1. Travis99
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Originally Posted By Lb54TG⏩
Would I lie to y’all?

https://imgur.com/gallery/uaA3cpn

Idk how to embed that. Uploaded from my phone
Damn, sorry bro. That sucks. I’d feel bad too, you’re handling it better than I would.
There is no they…
post 1628714953 01-15-2021, 07:04 PM
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#8650
  1. Harry362
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  1. Harry362
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Originally Posted By TugOfPeace⏩
Woww May 2022.. I was contemplating doing this the other day with BFT. I was thinking to myself, if I sell a covered call for BFT with a very far out expiration, that would give me an extremely high premium. I just wasn't sure if the strategy of selling that covered call when BFT's price was high and then waiting for it to dip so I could close the covered call at a lower cost would affect the premium as much as it would if I were to sell and close the call at a much quicker expiration.
errr I meant May 2021 but the IV was high and Ghiv is a good but boring company was also gonna offer a 40 cent yearly dividend I did this play in my Ira thinking whatever if assigned maybe I’ll hold and collect dividend but I ended up closing our $4000/6800 in like 10 days

Freed up capital and bought BFT really think after Paysafe change it will go up
post 1628719223 01-15-2021, 07:48 PM
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#8651
  1. AdvancedDreamer
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Made some good money Thursday but then lost it all today when SPY tanked. I was being optimistic and greedy.
post 1628719583 01-15-2021, 07:52 PM
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#8652
  1. hamburgerbread
  2. BestLifter's Alt
  1. hamburgerbread
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So we all just gonna ignore affirm ipo? I'm up 30 percent. Not too late to get in.
MTC ==> Medium Test Crew...Best of both worlds
Legit Ten incher crew (PM me for proof)
Theta gang
post 1628721203 01-15-2021, 08:11 PM
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#8653
  1. Lb54TG
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  1. Lb54TG
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Originally Posted By Travis99⏩
Damn, sorry bro. That sucks. I’d feel bad too, you’re handling it better than I would.
Trust me, I learned.
Once it sunk in and I remembered I wasn’t doing this just for me, I broke down Srs.
But I’ll be more conscious from now on.
Asian Crew. Always Rep Back Crew. Positivity Crew.

/\^/\^ Misc Colorado Crew ^/\^/\
post 1628721403 01-15-2021, 08:13 PM
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#8654
  1. Lb54TG
  2. Registered User
  1. Lb54TG
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Originally Posted By hamburgerbread⏩
So we all just gonna ignore affirm ipo? I'm up 30 percent. Not too late to get in.
Damn, doubled its IPO price? I don’t like going in for those. (I shouldn’t be the one to speak) haha)
Thought DASH was stupid expensive. Wanted to buy puts actually yesterday when I saw it was 217.
Asian Crew. Always Rep Back Crew. Positivity Crew.

/\^/\^ Misc Colorado Crew ^/\^/\
post 1628721803 01-15-2021, 08:18 PM
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#8655
  1. Heaney
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  1. Heaney
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Originally Posted By hamburgerbread⏩
So we all just gonna ignore affirm ipo? I'm up 30 percent. Not too late to get in.
Harry and I were pumping this in December when news broke but CCIV crew took president.
post 1628724793 01-15-2021, 08:56 PM
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#8656
  1. Heaney
  2. Registered User
  1. Heaney
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Am I going to make it, brahs?

http://imgur.com/a/vFZpn2W
post 1628725773 01-15-2021, 09:11 PM
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#8657
  1. ReyDelMundo
  2. Banned
  1. ReyDelMundo
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Originally Posted By Lb54TG⏩
You wanna be a trader? Or a portfolio manager? It’s not hard being a trader. If you mean just like a stock trader at a brokerage.
Lol, this. Most people think professional traders are doing crazy tech analysis and making moves. In reality a trader just gets told what to buy and at most can have some determination on size, and you make the trade. Literally the only way to fuk up that job is to enter the wrong ticker, which happens, srs.

Firms need traders, but they're monkeys. It's a proving ground that as a young college grad you can show up, be professional, and are ambitious. Traders that distinguish themselves usually move up fairly quickly, the firm tests their acuity and ability to both work full time and study by assisting with the CFA. Those that pass Level 1 continue their career and may end up an MD if they get chartered and have made the right moves professionally (not sleeping with co-workers and causing drama... Bradley...) Ones that can't might try an MBA, but most wash out within a couple years and move into something else finance related. Retirement specialists and chit.
post 1628728233 01-15-2021, 09:44 PM
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#8658
  1. CTSV648HP
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  1. CTSV648HP
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last week traded 3 days and made $710 trading very small... 3 green days this week and 2 red, made about $100 and left thousands on the table, i have a decent 6 figure account but i'm day trading with a tiny percentage of it.. had so many trades that i knew i should have taken and they turned out great, but of course i hesitated and didn't enter, just need to trust it and get in next week

I traded options 20 years ago in high school and made good money but just partied in college and forgot about the market for a long time
post 1628729353 01-15-2021, 09:58 PM
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#8659
  1. DeputyDong5
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Originally Posted By Lb54TG⏩
Would I lie to y’all?

https://imgur.com/gallery/uaA3cpn

Idk how to embed that. Uploaded from my phone
cot dam.

you will bounce back. You live and learn. Adversity builds character.
post 1628735653 01-15-2021, 11:48 PM
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#8660
  1. ReyDelMundo
  2. Banned
  1. ReyDelMundo
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Refi'd my primary residence from a 30 year with 27 left to a 15 earlier today. The difference in monthly payment is almost negligible. Also more excited tbh about the accelerated equity appreciation than paying it off earlier (which is cool too).

Unless we have a "black swan", we're likely not going any lower on rates. If you've been lazy and putting it off, I would start thinking about it.

Took me legit 15 minutes to get everything taken care of, submitting W-2, etc.

Now we wait. Quicken/Rocket waived the need for an appraisal of my estimated value. The condos in my place have been skyrocketing like 20% YoY since Covid, kinda regretting not putting down what units are being listed at, but no big deal. Either way without the need of an appraiser to come out I'm hoping they can close it ASAP.

First monthly payment is deferred until the end of the mortgage... I think we all know where that money is going instead...
post 1628736163 01-16-2021, 12:00 AM
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#8661
  1. SavoyBrown
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Originally Posted By Heaney⏩
Am I going to make it, brahs?

-Heaney's gains-
My 100 shares of CCIV hopes you do haha

Side note, I wish we got cool charts to track portfolio gains like Robinhood brahs.
post 1628737043 01-16-2021, 12:23 AM
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#8662
  1. Galindo62
  2. neck of peace
  1. Galindo62
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Originally Posted By SavoyBrown⏩
My 100 shares of CCIV hopes you do haha

Side note, I wish we got cool charts to track portfolio gains like Robinhood brahs.
One thing I've always said besides robinhood being so **** their interface is literally 100x better than the next. Very slick and streamlined. Interactive broker has such good rates but probably the worst interface ever.

There are a few decent brokers with decent apps like fidelity and tda and sofi. But still lacks in comparison.
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
post 1628748033 01-16-2021, 06:18 AM
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#8663
  1. Lb54TG
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  1. Lb54TG
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Originally Posted By DeputyDong5⏩
cot dam.

you will bounce back. You live and learn. Adversity builds character.
Thanks bro, first thing ima do when I get back to 50 is pull 10 out for a hair transplant, pull 10 for savings, and then ride again.
Srs bout the hair transplant haha it’s been a rough couple years, stress kills ya.


Anyone looking at $BB btw?
I hear they working with Sony for EV car tech.
Asian Crew. Always Rep Back Crew. Positivity Crew.

/\^/\^ Misc Colorado Crew ^/\^/\
post 1628748163 01-16-2021, 06:20 AM
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#8664
  1. Lb54TG
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Originally Posted By Galindo62⏩
One thing I've always said besides robinhood being so **** their interface is literally 100x better than the next. Very slick and streamlined. Interactive broker has such good rates but probably the worst interface ever.

There are a few decent brokers with decent apps like fidelity and tda and sofi. But still lacks in comparison.
I use Schwab, I don’t mind theirs, but I wish the charts were more like WeBull.
I don’t like how Robinhoods charts have no axis info for price and time.
Asian Crew. Always Rep Back Crew. Positivity Crew.

/\^/\^ Misc Colorado Crew ^/\^/\
post 1628750973 01-16-2021, 07:27 AM
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#8665
  1. chino3
  1. chino3
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Just wanted to share what things can look like when you go deep on theta gang and options in general.

https://imgur.com/a/AfojYR0

As you can see, there was a day that absolutely gaped me, and that day was probably the greenest the rest of the market had seen (excluding CCIV brahs). I saw a -$27k close that day lol.

I haven’t emphasized this enough but something important to realize about selling options is you often spend the first half of your time frame (as in time from opening to expiration) in the red. Check out OPC (options profit calculator) and see what I mean. So it’s important to realize we are looomh for theta decay to happen which Ramps up towards the last half. Thus THETA gang

Full disclaimer, I’m not completely out of the woods as I have some fairly aggressive plays still on the table but that’s another story for another day.
"It won't get better, just different."
post 1628751243 01-16-2021, 07:33 AM
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#8666
  1. Heaney
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Originally Posted By SavoyBrown⏩
My 100 shares of CCIV hopes you do haha

Side note, I wish we got cool charts to track portfolio gains like Robinhood brahs.
Yeah questrade's charting is so fukin poverty. Looks like the generic chart you start with in PowerPoint.
post 1628754913 01-16-2021, 08:31 AM
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#8667
  1. Arem24
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I frankly have no idea why people are buying options with Palantir.

The time to make an option play on Palantir was the first week options were available and to buy OTM calls. People that were listening knew PLTR was severely undervalued and MISUNDERSTOOD.

That was the informational advantage. That idiots were talking like they don’t know. Blah blah 17 years not profitable, blah blah their an IT solutions company, blah blah blah.

What advantage do we have now? That long term it has amazing potential. If the stars align this will become the most important software company in the world. I think that will happen, but I don’t know that it will.

The fact that annual earnings, and therefore lockup expiration, will be in March and not February is an informational advantage (oops did I leak that?). Market thinks it’s Feb, it’s Mar.

Other than that I don’t think anyone else in this thread has an informational advantage and any other option play isGambling.
post 1628755263 01-16-2021, 08:36 AM
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#8668
  1. chino3
  1. chino3
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I haven’t purchased a single PLTR option, but I’m selling the chit out of them ¯\_(ツ)_/¯

That said, had I bought the $27 1/15 call on Thursday INSTEAD of selling puts I could’ve made a LOT more money. But I also probably wouldn’t have risked as much with purchasing so maybe it would’ve been the same. But profit is profit
"It won't get better, just different."
post 1628756153 01-16-2021, 08:50 AM
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#8669
  1. Heaney
  2. Registered User
  1. Heaney
  2. Registered User
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  4. Location: Ontario, Canada
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Originally Posted By chino3⏩
Just wanted to share what things can look like when you go deep on theta gang and options in general.

https://imgur.com/a/AfojYR0

As you can see, there was a day that absolutely gaped me, and that day was probably the greenest the rest of the market had seen (excluding CCIV brahs). I saw a -$27k close that day lol.

I haven’t emphasized this enough but something important to realize about selling options is you often spend the first half of your time frame (as in time from opening to expiration) in the red. Check out OPC (options profit calculator) and see what I mean. So it’s important to realize we are looomh for theta decay to happen which Ramps up towards the last half. Thus THETA gang

Full disclaimer, I’m not completely out of the woods as I have some fairly aggressive plays still on the table but that’s another story for another day.
You're absolutely raking now that you're selling options instead of just holding shares Holy fuk dude good shiet.
post 1628761183 01-16-2021, 10:13 AM
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#8670
  1. NoScrubz
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  1. NoScrubz
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Want to start getting more into selling CSPs but that takes a ****load of buying power. Need CCIV to moon
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