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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 1627134013 12-31-2020, 03:53 PM
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#6991
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Originally Posted By Heaney⏩
I salute anyone with the nuts to bet against tesla's retard strength.
Its the premium that just stupid.

To play in Tesla you have to be crazy.

One thing for sure.

So many got destroyed betting against it this year.

If there is no short sellers left.

Tesla could be $2000 in year.

Just makes the bubble even bigger.


$40 billion was lost this year betting against Tesla.

post 1627135373 12-31-2020, 04:12 PM
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#6992
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Originally Posted By BuckNakedinBama⏩
TSLA puts (1/8/21, strike 680) returns of piss and anti-prosperity.

GME puts about flat.
Originally Posted By Heaney⏩
I salute anyone with the nuts to bet against tesla's retard strength.
post 1627139093 12-31-2020, 05:07 PM
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#6993
  1. SipNPiz
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I opened my first account in March and my goal this year was making $2k, I beat my goal
STEM Wagie Brah
Oil/commodity based trader
post 1627139913 12-31-2020, 05:19 PM
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#6994
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Originally Posted By SipNPiz⏩
I opened my first account in March and my goal this year was making $2k, I beat my goal
Good shiet dude! Keep the green coming in 2021
post 1627143863 12-31-2020, 06:11 PM
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#6995
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Ended today -1.3% which sucks because it puts me like a laughably minuscule amount below my 3x I hit this week.

I have a LOT of chit expiring starting 1/15, and so far a lot is red lol. I’ve been talking A LOT about selling options lately, would anyone be interested in seeing progress of the process? Like how it can go from green to red but even that isn’t necessarily bad and can show how and why what’s happening?
"It won't get better, just different."
post 1627148273 12-31-2020, 07:02 PM
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#6996
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Originally Posted By MotorCityCobra⏩
I basically bough PLTR & ARKK at the top recently and now im deep in red. planned on buying more but i just started investing and dont want to lose it all. come february will PLTR moon or continue this downward trend? any of u buying this dip?
Like I said before, all the momentum stocks have been getting hammered, likely because funds are all locking in their gains at once. That WSB is in full panic mode over PLTR is a fairly good indicator that it'll recover sooner rather than later, but don't expect the kind of crazy gains that it saw in the past.
post 1627148393 12-31-2020, 07:03 PM
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#6997
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Originally Posted By chino3⏩
I’ve been talking A LOT about selling options lately, would anyone be interested in seeing progress of the process? Like how it can go from green to red but even that isn’t necessarily bad and can show how and why what’s happening?
I think I speak for alot of the 2020 thread joiners with a resounding hell yeah we need to learn

Not sure what percent I finished 2020 up because I'm not entirely sure how much I've put in of my own money, think I've put in 27Kcad and am around 105K now, was just under 120 on Monday but SPAC happened lol.
post 1627153663 12-31-2020, 08:11 PM
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#6998
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Originally Posted By chino3⏩
Ended today -1.3% which sucks because it puts me like a laughably minuscule amount below my 3x I hit this week.

I have a LOT of chit expiring starting 1/15, and so far a lot is red lol. I’ve been talking A LOT about selling options lately, would anyone be interested in seeing progress of the process? Like how it can go from green to red but even that isn’t necessarily bad and can show how and why what’s happening?
Yeah for sure man. I sold $94 csp on arkg 1/15 when it was at $96 now it is $93

It shows that my contract is worth $5.15 instead of the $3.60 I sold it for.

If I’ve learned anything: that doesn’t mean I’ve lost money, it just means I could have made more, if I sold the same put today.

Regardless, I don’t mind owning 100 shares at 94 so the difference in premiums just means I could have sold it for a larger premium if I sold today rather than yesterday.

It doesn’t take any of the premium I’ve already collected?
There is no they…
post 1627154903 12-31-2020, 08:29 PM
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#6999
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Couldn’t close many of my positions today. Ended up down collectively 12k on all current holdings smh.

Im 100% in options right now. Getting fcked this week.

Hoping things rebound next week
Asian Crew. Always Rep Back Crew. Positivity Crew.

/\^/\^ Misc Colorado Crew ^/\^/\
post 1627155403 12-31-2020, 08:35 PM
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#7000
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Originally Posted By Lb54TG⏩
Im 100% in options right now. Getting fcked this week.
Sometimes I think I'm ballsy then I read stuff like this.
post 1627160223 12-31-2020, 09:47 PM
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#7001
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Originally Posted By Lb54TG⏩
Couldn’t close many of my positions today. Ended up down collectively 12k on all current holdings smh.

Im 100% in options right now. Getting fcked this week.

Hoping things rebound next week
My condolences m8


Lol whole misc going thetagang

Happy New Years, thank god 2020 is finally over!!!
post 1627161353 12-31-2020, 10:10 PM
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#7002
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Originally Posted By chino3⏩
Ended today -1.3% which sucks because it puts me like a laughably minuscule amount below my 3x I hit this week.

I have a LOT of chit expiring starting 1/15, and so far a lot is red lol. I’ve been talking A LOT about selling options lately, would anyone be interested in seeing progress of the process? Like how it can go from green to red but even that isn’t necessarily bad and can show how and why what’s happening?
I'd be interested in seeing what goes on. Going to dive into a youtube rabbit hole on covered calls right now.
post 1627174513 01-01-2021, 04:24 AM
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#7003
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Ytd realized gains: 0
post 1627182753 01-01-2021, 08:30 AM
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#7004
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Originally Posted By topperstyle⏩
Ytd realized gains: 0
This.
Always Neg Back Crew.
post 1627185883 01-01-2021, 09:23 AM
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#7005
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Originally Posted By topperstyle⏩
Ytd realized gains: 0
Feels good mane!
post 1627186083 01-01-2021, 09:26 AM
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#7006
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Lets get it! Goal is 5 figure gains in 2021
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627186873 01-01-2021, 09:36 AM
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#7007
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chino3 - do you have a specific way of choosing CC dates ? What do you look for when you want to sell CCs at a specific date ?

For example why do you recommend 2/19 for pltr ? Why not 2/12 or say 2/26 ?

Does it have to do something with earnings or lock up period expiry ? Because those are around those dates.

I too have some pltr bags but I was thinking it would be smarter to get rid of them late january or early february to avoid the potential lock up expiry dump, and maybe buy the dip instead when that happens ?

Whats your take on this ? Maybe it would be smarter to go for 1/29 or 2/05 ?
post 1627188123 01-01-2021, 09:53 AM
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#7008
  1. RobParks2M
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Originally Posted By mikusk⏩
chino3 - do you have a specific way of choosing CC dates ? What do you look for when you want to sell CCs at a specific date ?

For example why do you recommend 2/19 for pltr ? Why not 2/12 or say 2/26 ?

Does it have to do something with earnings or lock up period expiry ? Because those are around those dates.

I too have some pltr bags but I was thinking it would be smarter to get rid of them late january or early february to avoid the potential lock up expiry dump, and maybe buy the dip instead when that happens ?

Whats your take on this ? Maybe it would be smarter to go for 1/29 or 2/05 ?
Monthlies are better for liquidity because volume is waaaaaay higher. You get better entries and exits without fighting huge spreads. without looking I'm guessing that's why.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627189883 01-01-2021, 10:20 AM
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#7009
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Originally Posted By RobParks2M⏩
I am pretty gottdam nervous US stocks gonna get cucked by Dems winning both senate seats. It feels very very imminent. I might get fuk't by this, but I shifted another 15% of my 401k to "cash". I'm like 25ish% cash and like 35% global equity(which has been popping off). 15% gain this year in 401k is pretty insane.
Usually when the DJIA has touched this line, big things have happened
https://imgur.com/a/nFuRqyc

Barring straight blasting over it and hitting 40,000 by 2022, it could be in for a solid retreat like prior times it touched it like in 2018 and 2020
post 1627208623 01-01-2021, 02:35 PM
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#7010
  1. TugOfPeace
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Originally Posted By RobParks2M⏩
Monthlies are better for liquidity because volume is waaaaaay higher. You get better entries and exits without fighting huge spreads. without looking I'm guessing that's why.
I was just looking at the option chain for PTLR today and was wondering, given that the price is $23.55 right now for PLTR, how could I lose by doing a 1/8 cc with $24.00 strike price, with $.94 premium? I would gain a premium of 1200 shares * .94 = $1128.

Just based on stimulus being paid out, the price will probably reach $24 by Monday, so I would get assigned and keep the premium?
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627209083 01-01-2021, 02:41 PM
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#7011
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Originally Posted By RobParks2M⏩
Lets get it! Goal is 5 figure gains in 2021
The only way this is happening for me is if EV and SPACs pop off.
post 1627209863 01-01-2021, 02:50 PM
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#7012
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Originally Posted By TugOfPeace⏩
I was just looking at the option chain for PTLR today and was wondering, given that the price is $23.55 right now for PLTR, how could I lose by doing a 1/8 cc with $24.00 strike price, with $.94 premium? I would gain a premium of 1200 shares * .94 = $1128.

Just based on stimulus being paid out, the price will probably reach $24 by Monday, so I would get assigned and keep the premium?
So you are cool with having your shares potentially sold at $24 + the $1,128 in premiums? It would more or less be like getting close to $25/share
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627210263 01-01-2021, 02:54 PM
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#7013
  1. TugOfPeace
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Originally Posted By RobParks2M⏩
So you are cool with having your shares potentially sold at $24 + the $1,128 in premiums? It would more or less be like getting close to $25/share
Yes, because I could just buy back in right after they sell. Is there something wrong with that strategy?
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627210493 01-01-2021, 02:57 PM
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#7014
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Originally Posted By TugOfPeace⏩
I was just looking at the option chain for PTLR today and was wondering, given that the price is $23.55 right now for PLTR, how could I lose by doing a 1/8 cc with $24.00 strike price, with $.94 premium? I would gain a premium of 1200 shares * .94 = $1128.

Just based on stimulus being paid out, the price will probably reach $24 by Monday, so I would get assigned and keep the premium?
You would be committing to sell your shares at $24, and still keep the premium. I’d only ever sell calls below my cost basis if it was trading substantially below AND I didn’t have faith it would rebound. Which is what I did with RKT.

My cost basis was $27, and I sold calls at $24 for the longest time and then went hella Aggressive and went with $22 because I know how cucked it was. Never got called away lol. In your situation, PLTR premiums are so juicy I’d be going over your strike and do it 30-45 days out for expiry. If you want to do weeklies I would do a strike of $27 just because the price action with PLTR is so retarded it could very well go up 10% in a week...


For everyone curious about the process, I will work on putting together weekly updates or maybe even a Tuesday/Friday update. Show the what and the why behind the trades, my goals, what it can look like and why you shouldn’t panic, and exit strategies.
Originally Posted By TugOfPeace⏩
Yes, because I could just buy back in right after they sell. Is there something wrong with that strategy?
Correct but wash sales are annoying. That said, that’s kind of what the wheel is. Minus a step.

A Hail Mary approach to it would be if it looks like it’s gonna expire ITM, is to buy the same amount of shares as close to the money as possible so those get called away. Just requires capital or margin ofc. I might do that with my TSLA $800 1/29 calls smh
"It won't get better, just different."
post 1627211883 01-01-2021, 03:11 PM
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#7015
  1. HMFIC_BROWSIN
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I'm spending time today looking at the last several years of my trading and going to do more of what simply works, and less of what simply doesn't in 2021.

Sticking to the rules.

Anyone else get anally gaped during second half of 2018?

What in the fuk. I barely remember this, but I got severely fuked.
post 1627214023 01-01-2021, 03:34 PM
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#7016
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Originally Posted By HMFIC_BROWSIN⏩
I'm spending time today looking at the last several years of my trading and going to do more of what simply works, and less of what simply doesn't in 2021.

Sticking to the rules.

Anyone else get anally gaped during second half of 2018?

What in the fuk. I barely remember this, but I got severely fuked.
My option timing is collectively bad. I had a fair amount of SPY 320P that expired January 24th(2020) because I knew COVID was gonna fuk the market. My timing wasn't good and I didn't want to keep throwing money at my position cuz markets can sustain nonsense valuations longer than I can potentially stay solvent... I was off an entire month but still imagine if I kept at it
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627214993 01-01-2021, 03:44 PM
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#7017
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Originally Posted By meremortal⏩
The only way this is happening for me is if SPACs pop off.
Congrats in advance on your 5 figure gains in 2021 then brah!
post 1627223793 01-01-2021, 05:28 PM
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#7018
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Originally Posted By chino3⏩
You would be committing to sell your shares at $24, and still keep the premium. I’d only ever sell calls below my cost basis if it was trading substantially below AND I didn’t have faith it would rebound. Which is what I did with RKT.

My cost basis was $27, and I sold calls at $24 for the longest time and then went hella Aggressive and went with $22 because I know how cucked it was. Never got called away lol. In your situation, PLTR premiums are so juicy I’d be going over your strike and do it 30-45 days out for expiry. If you want to do weeklies I would do a strike of $27 just because the price action with PLTR is so retarded it could very well go up 10% in a week...


For everyone curious about the process, I will work on putting together weekly updates or maybe even a Tuesday/Friday update. Show the what and the why behind the trades, my goals, what it can look like and why you shouldn’t panic, and exit strategies.



Correct but wash sales are annoying. That said, that’s kind of what the wheel is. Minus a step.

A Hail Mary approach to it would be if it looks like it’s gonna expire ITM, is to buy the same amount of shares as close to the money as possible so those get called away. Just requires capital or margin ofc. I might do that with my TSLA $800 1/29 calls smh
Aren't wash sales only an issue if you intend to declare a loss? I've day traded PLTR plenty of times with gains/losses but have always come out positive in the end so never worried about it.

That being said: what's to stop me from opening a covered call for $24 strike price, potentially closing call at $23.9 (or getting assigned at $24), immediately buying shares after I get assigned, and doing another covered call for $24.50, etc etc? Couldn't I make a lot of money just collecting premiums on small price movements by intentionally getting assigned (or closing the call early) and buying back in?

I have a feeling it's not that simple.. been watching youtube videos and it makes sense that with covered calls your major setback is if the stock moons, but I don't see that as a problem because you could just immediately buy back in once you're assigned.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627224813 01-01-2021, 05:42 PM
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#7019
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Originally Posted By TugOfPeace⏩
Aren't wash sales only an issue if you intend to declare a loss? I've day traded PLTR plenty of times with gains/losses but have always come out positive in the end so never worried about it.

That being said: what's to stop me from opening a covered call for $24 strike price, potentially closing call at $23.9 (or getting assigned at $24), immediately buying shares after I get assigned, and doing another covered call for $24.50, etc etc? Couldn't I make a lot of money just collecting premiums on small price movements by intentionally getting assigned (or closing the call early) and buying back in?

I have a feeling it's not that simple.. been watching youtube videos and it makes sense that with covered calls your major setback is if the stock moons, but I don't see that as a problem because you could just immediately buy back in once you're assigned.
The problem is the buyer of your call won't likely exercise until expiration day so if the stock moons yeah you can just buy back in but you lose the gains from the entire time it's mooning and then also you're committed to buying the top rather than having your previous average which would be substantially lower. Its not like as soon as the price goes above your strike the buyer is going to exercise.
post 1627225563 01-01-2021, 05:55 PM
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#7020
  1. TugOfPeace
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Originally Posted By Heaney⏩
The problem is the buyer of your call won't likely exercise until expiration day so if the stock moons yeah you can just buy back in but you lose the gains from the entire time it's mooning and then also you're committed to buying the top rather than having your previous average which would be substantially lower. Its not like as soon as the price goes above your strike the buyer is going to exercise.
Yea, that's one thing I've been wondering but can't find an explanation on, while I am selling the call, there is someone on the other side and I've been wondering when they would typically buy. But then again, even if they don't buy, I still keep the premium right
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
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