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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 1627439303 01-04-2021, 08:38 AM
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#7111
  1. meremortal
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  1. meremortal
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Anyone else enjoying NIO gains today?
post 1627439413 01-04-2021, 08:39 AM
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#7112
  1. MinisterOfLust
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Originally Posted By meremortal⏩
Anyone else enjoying NIO gains today?
You damn right
post 1627439483 01-04-2021, 08:39 AM
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#7113
  1. hiyooo
  2. Fernandes
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Originally Posted By BuckNakedinBama⏩
WHY IS TESLA RALLYING?!?

Seriously don't get it. They miss a target (stock rallied when target announced), overall market is sliding, competition is ramping up, they're already at insane FPE, political headwinds, etc etc. I don't get it.

My GME puts are keeping me from hopping off a roof tho so that's cool.
meme stonk has too much retard strength also it's "pRiCeD iN".

post 1627439693 01-04-2021, 08:43 AM
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#7114
  1. Galindo62
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  1. Galindo62
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Originally Posted By TugOfPeace⏩
Another option question: lets say PLTR is $24.00 and I think it might hit $24.50 today.

If the premium on a weekly for this week was $.85 and I had 1500 shares for example, wouldn’t it be profitable for me to purchase 15 contracts, pocket the premium, and buy back in when favorable?

$24.50 has the highest premium for the week at $.85 (at the time this paragraph was written) so I’d be making an easy $1275 whether or not it gets to $24.50


Heck, the premium for a $24 weekly is $.95 and current PLTR price is $23.90. Wouldnt it be EASY money to purchase 15 contracts and make nearly $1500 on a 10 cent price movement?

Or is there no guarantee of assignment?


I have to be missing something. There is no way I can just wait until PLTR drops to $23.40, buy 15 covered calls at $23.50 strike with $.95 premium, and make $1425 once it hits $23.50, and then REPEAT this process all day.
You can definitely day trade covered calls

But remember you need to wait til expiration to receive full profit.
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 1627439863 01-04-2021, 08:45 AM
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#7115
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Originally Posted By Galindo62⏩
You can definitely day trade covered calls

But remember you need to wait til expiration to receive full profit.
Dude.. that is insane profit potential. Is there a guarantee of assignment if strike price is reached?
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627440073 01-04-2021, 08:49 AM
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#7116
  1. Galindo62
  2. neck of peace
  1. Galindo62
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Originally Posted By TugOfPeace⏩
Dude.. that is insane profit potential. Is there a guarantee of assignment if strike price is reached?
Yes but keep in mind assignment will only occur at the end of expiration if the stock hits the strike price.
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 1627440093 01-04-2021, 08:50 AM
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#7117
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Originally Posted By TugOfPeace⏩
Another option question: lets say PLTR is $24.00 and I think it might hit $24.50 today.

If the premium on a weekly for this week was $.85 and I had 1500 shares for example, wouldn’t it be profitable for me to purchase 15 contracts, pocket the premium, and buy back in when favorable?

$24.50 has the highest premium for the week at $.85 (at the time this paragraph was written) so I’d be making an easy $1275 whether or not it gets to $24.50


Heck, the premium for a $24 weekly is $.95 and current PLTR price is $23.90. Wouldnt it be EASY money to purchase 15 contracts and make nearly $1500 on a 10 cent price movement?

Or is there no guarantee of assignment?


I have to be missing something. There is no way I can just wait until PLTR drops to $23.40, buy 15 covered calls at $23.50 strike with $.95 premium, and make $1425 once it hits $23.50, and then REPEAT this process all day.
You realize the covered calls aren’t going to get exercised immediately every time they go exactly itm right? You’re not going to be just selling covered calls a bunch of times every week.
post 1627440303 01-04-2021, 08:53 AM
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#7118
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Originally Posted By Galindo62⏩
You can definitely day trade covered calls

But remember you need to wait til expiration to receive full profit.
Ahhh I think I see where the caveat is.

If the strike price is reached today for example, there may or may not be assignment (most likely not). If I wanted the full profit I would have to close my covered call manually. Right? So instead of sell to open, I would buy to close. However, would that result in me buying shares? Or would it be a net zero, meaning I’d buy 1500 shares to open but I would sell 1500 shares to close right after, effectively closing the covered call? Seems like that would also cause me to lose the premium
Originally Posted By FFailed⏩
You realize the covered calls aren’t going to get exercised immediately every time they go exactly itm right?
Yea I just realized, see my explanation above.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627441143 01-04-2021, 09:04 AM
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#7119
  1. Lefticle
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Originally Posted By TugOfPeace⏩
WTF at PLTR
WTF are you talking about. It's had almost no movement today lol
Always Neg Back Crew.
post 1627441553 01-04-2021, 09:11 AM
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#7120
  1. Carbonfibre
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  1. Carbonfibre
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uffff


VIX at 27


tesla, nio, amd, nvidia

only reason market isn't dumping harder
post 1627441563 01-04-2021, 09:11 AM
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#7121
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Originally Posted By Lefticle⏩
WTF are you talking about. It's had almost no movement today lol
It dipped into the mid $22s when I wrote that post
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627441783 01-04-2021, 09:14 AM
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#7122
  1. FFailed
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Originally Posted By TugOfPeace⏩
Ahhh I think I see where the caveat is.

If the strike price is reached today for example, there may or may not be assignment (most likely not). If I wanted the full profit I would have to close my covered call manually. Right? So instead of sell to open, I would buy to close. However, would that result in me buying shares? Or would it be a net zero, meaning I’d buy 1500 shares to open but I would sell 1500 shares to close right after, effectively closing the covered call? Seems like that would also cause me to lose the premium



Yea I just realized, see my explanation above.
You get the full profit by waiting until it expires worthless. I don’t think buying to close has anything to do with the shares. Say you sold to open calls at $3.00 and now the stock dips enough one day to drop the contract to $1.50. You could buy to close those calls back at the cheaper price to close out your position. Your profit would be the difference in price you sold to open and bought to close at.
post 1627441863 01-04-2021, 09:15 AM
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#7123
  1. Venom08
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Originally Posted By Venom08⏩
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
It touched.
post 1627442293 01-04-2021, 09:20 AM
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#7124
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Chit. I think I get it now. The strategy I suggested wouldnt work.

If I purchase 1000 shares of PLTR @ $23.90 and buy a covered call @ $24.00 strike, $2 premium, weekly expiration, if the price hits $24.00 before expiration there is no assignment (realized this a few posts above). When I purchased the call I received a $200 premium. Now, if I wanted to close the call early (at say, $24.10 since there isnt automatic assignment before expiry), I would have to buy to close at that price. However, at $24.10 since the covered call is now ITM and the time decay is irrelevant or greatly reduced, the price of the covered call has increased, so I would be paying a premium higher than what I received, and taking a loss on the trade.

Now, at expiration, if the price of the stock has gone beyond the strike, I’m not going to see any profit above the strike (which I understood before, but now it makes more sense). Although I could buy back in right after assignment, I only keep premium until expiration hits, so I’d be making a bad move paying a high premium for a call thats close to being ITM.

Is this correct?

Edit: I think there’s a simple way to get the added profit that covered calls limit you on - just set a limit order right below the strike price on the day of expiration, for the quantity of shares in your covered call.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627442323 01-04-2021, 09:20 AM
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#7125
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STO

TSLA - Jan08 695P
post 1627442613 01-04-2021, 09:23 AM
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#7126
  1. MinisterOfLust
  2. 👽👽👽👽👽👽
  1. MinisterOfLust
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What's going with NET and CRM? Are they going down or up?

Bought a few shares of CRM thus morning thinking it was going to be up
post 1627442773 01-04-2021, 09:25 AM
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#7127
  1. Carbonfibre
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Not sure if market is reaction to Trump tapes, handing Georgia election to Dems.

But than again most people already voted.



Market would probably correct 10% down if Dems sweep Georgia.
post 1627443013 01-04-2021, 09:27 AM
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#7128
  1. Berts
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Originally Posted By thatsnarf⏩
in at 2.05. now we wait.
You still holding Brah?
post 1627443203 01-04-2021, 09:29 AM
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#7129
  1. chino3
  1. chino3
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Originally Posted By Galindo62⏩
There's only two things my post could have implied. a call spread or a pmcc.

But certainly didn't imply selling naked calls lolwut.
Your post reads like 3 separate ideas you potato
Originally Posted By Galindo62⏩
Also not sure if you know this but you can sell calls even if you don't have 100 shares.
Originally Posted By Galindo62⏩
If you buy a call you can sell a call.
Originally Posted By Galindo62⏩
Or you can do call credit spreads, but they kinda suck.
lolwut

also, literally no offense meant towards ToP, but he is just now starting to learn about selling options, so if you want to imply a call spread or a PMCC, then you have to actually say it. And then give an example.

You left a couple crumbs and expect someone to make a sandwich. Now back to sucking chinas micropeen k?




Oof, market getting hit HARD. All my ARK CSP's were green an hour ago, now all red.

and fukkin TDA, my 401k rollover hit today, but still onhold. *******s, just don't show it if I can't spend it...
"It won't get better, just different."
post 1627443523 01-04-2021, 09:32 AM
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#7130
  1. topperstyle
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Misc bros I don’t feel so good
post 1627444433 01-04-2021, 09:43 AM
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#7131
  1. meremortal
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Originally Posted By topperstyle⏩
Misc bros I don’t feel so good
lol what's happening in your portfolio?
post 1627445173 01-04-2021, 09:51 AM
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#7132
  1. SipNPiz
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T dividend this week, right?
STEM Wagie Brah
Oil/commodity based trader
post 1627445323 01-04-2021, 09:54 AM
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#7133
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I’m trying to remember if there was a girl I may have done wrong who started practicing voodoo and has placed a curse upon me.
There is no they…
post 1627445533 01-04-2021, 09:56 AM
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#7134
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Market dumps TSLA still waaaay tf up LOOOOL max pain theory confirmed
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627445883 01-04-2021, 09:59 AM
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#7135
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Somehow I'm still up 4% today but I don't think it'll stick.
post 1627445983 01-04-2021, 10:00 AM
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#7136
  1. taf1968
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S&P taking a bit of a steamer today so far.
*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 1627446513 01-04-2021, 10:05 AM
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#7137
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Energy is doing well today despite oil price volatility with the OPEC+ meeting
post 1627446763 01-04-2021, 10:08 AM
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#7138
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Originally Posted By topperstyle⏩
Misc bros I don’t feel so good
This morning I was up $3k, now down almost $6k. I've been so busy I haven't even been able to watch and see what/how/why even happened. fuark.

Need a big rally to start the year off. It will then by known as The Stronk Market
"It won't get better, just different."
post 1627447133 01-04-2021, 10:12 AM
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#7139
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Feelin good holding shares for a change instead of options
Only down couple hundred instead of -%50 loool
post 1627447213 01-04-2021, 10:13 AM
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#7140
  1. Carbonfibre
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wtf is this shiit


vix is gonna hit 30


everything gonna go red at this rate.



dji below 30K again.
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