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Tetramin
Apr 1, 2006

I'ma buck you up.
Fully tumescent looking at my account today. Cant wait for the inevitable pull back

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The Polish Pirate
Apr 4, 2005

How many Polacks does it take to captain a pirate ship? One.

Femtosecond posted:

Re-asking this for the new week.

If I write covered calls for easy money, why am I making a huge mistake here?

Because Netflix has quite often mooned at various unpredictable times? Right now NFLX is at $540. Let's say you sell a covered call for 3% over current price which is roughly $557.5. You can sell 1 call contract for 4/9 for ~$185. That's free money until NFLX spikes to $600 this week and you are out $4300 in profits that you could have had if you didn't sell the call.

Femtosecond
Aug 2, 2003

Hm Yeah I figure it's the volatility of NFLX then?

I'm a newb and trying to figure out the relationships that drive option prices.

Here's a random assortment of tech/meme stocks, with their 4/30 call option prices on the far right, for a price ~10% higher than their current price.


current. +10% option premium.
DASH $133 $146 $3.60
TTWO $183 $201 $1.10
NFLX $539 $592 $7.60
LULU $300 $330 $1.71
CHWY $79 $87 $1.84


So yeah NFLX def stands out as being way more than anyone else. DASH I guess nets the call seller more too.

I guess this data means more people are expecting a big move in NFLX and DASH than TTWO?

(Is there a faster way to look up the volatility of stocks other than just looking at the option chain?)

Gone Fashing
Aug 4, 2004

KEEP POSTIN
I'M STILL LAFFIN
many brokerages with have IV listed along with other stats but some you have to be looking at the options chain to get the IV.

this guy has some pretty good videos that explain the greeks, and how they affect options pricing:
https://www.youtube.com/watch?v=kCJcEOYuuII

im sure someone will probably come in a couple posts from now and let me know that he's a total piece of poo poo, so sorry in advance

Darth TNT
Sep 20, 2013
edit: old news

Shear Modulus
Jun 9, 2010



Darth TNT posted:

Good news build a bear workshop owners. (not me)

https://twitter.com/buildabear/status/1369663879568125957?s=20

At least I would assume this to have an effect considering how many Animal Crossing copies were sold during lockdown.

As you can see on the date of the tweet this product line launch was announced a month ago

The Anime Liker
Aug 8, 2009

by VideoGames
That's exactly why I got BBW.

They're going to print money with those things.

Valicious
Aug 16, 2010
Uhg, the rational side of me says to cancel these NDRA limit orders and buy VTI

grenada
Apr 20, 2013
Relax.

Valicious posted:

Uhg, the rational side of me says to cancel these NDRA limit orders and buy VTI

Dooo it.

Rime
Nov 2, 2011

by Games Forum

Valicious posted:

Uhg, the rational side of me says to cancel these NDRA limit orders and buy VTI

Whole lotta TSLA exposure in VTI these days. :stare:

gay picnic defence
Oct 5, 2009


I'M CONCERNED ABOUT A NUMBER OF THINGS
How do you make an NFT?

AHH F/UGH
May 25, 2002

Tetramin posted:

Fully tumescent looking at my account today. Cant wait for the inevitable pull back

Whoa okay slow down Gus

Rexicon1
Oct 9, 2007

A Shameful Path Led You Here

gay picnic defence posted:

How do you make an NFT?

Burn down a forest then send a flare in the sky. When the gods are appeased they will bestow you with a Vile Scepter that blesses whatever it touches with a Cryptographic key, this destroys the item and the scepter, but leaves you with a freshly minted NFT for trade with fat perverts.

Elephanthead
Sep 11, 2008


Toilet Rascal

Rexicon1 posted:

Burn down a forest then send a flare in the sky. When the gods are appeased they will bestow you with a Vile Scepter that blesses whatever it touches with a Cryptographic key, this destroys the item and the scepter, but leaves you with a freshly minted NFT for trade with fat perverts.

This is the first time I understand crypto.

Gone Fashing
Aug 4, 2004

KEEP POSTIN
I'M STILL LAFFIN
what does everyone think SPY is gonna be at by the end of the month

Shear Modulus
Jun 9, 2010



Gone Fashing posted:

what does everyone think SPY is gonna be at by the end of the month

500

Gone Fashing
Aug 4, 2004

KEEP POSTIN
I'M STILL LAFFIN
the options chain doesn't even go that high man. I can see 450

pmchem
Jan 22, 2010


more VIAC being sold tomorrow by $CS

Smythe
Oct 12, 2003

pmchem posted:

more VIAC being sold tomorrow by $CS



loving rip to a shitload of workings ppls money lol

Smythe
Oct 12, 2003
somehow i made a grip of money today by doing nothing. thats investing™ baby

Gone Fashing
Aug 4, 2004

KEEP POSTIN
I'M STILL LAFFIN
:cheerdoge:

crimedog
Apr 1, 2008

Yo, dog.
You dead, dog.
Working smart

Having money is smart

java
May 7, 2005

Gone Fashing posted:

what does everyone think SPY is gonna be at by the end of the month

420.

Rime
Nov 2, 2011

by Games Forum

I believe you meant 420.69. :tipshat:

Shear Modulus
Jun 9, 2010



going to go all-in on 420 calls to be long meme delta

Foma
Oct 1, 2004
Hello, My name is Lip Synch. Right now, I'm making a post that is anti-bush or something Micheal Moore would be proud of because I and the rest of my team lefty friends (koba1t included) need something to circle jerk to.

Smythe posted:

loving rip to a shitload of workings ppls money lol

Everything is working people's money

Space Fish
Oct 14, 2008

The original Big Tuna.


Foma posted:

Everything is working people's money

We're all someone's children.

Pastrami
May 27, 2004
Fear the Lunch Meat

Woodchip posted:

selling a bunch of NPA Apr 16 $10 puts. How are SPAC puts a buck under strike still a quarter.

You realize the redemption period is over right? This means it has no protection against dropping below $10.

Orange DeviI
Nov 9, 2011

by Hand Knit
Good rear end day

Mr. F!
Sep 21, 2016

NDRA down 7%; 3% on the day and 3% after markets.

Very silly stock, imo

Fun Times!
Dec 26, 2010
NDRA ain't a stock it's a CD

Pillowpants
Aug 5, 2006
How many of you have calls on SPY? Must be crazy profitable right now

cr0y
Mar 24, 2005



Pillowpants posted:

How many of you have calls on SPY? Must be crazy profitable right now

Almost sold at the morning dip but 🚀🚀🚀💎💎 👋👋👋 and am still in my 395 calls.

Tetramin
Apr 1, 2006

I'ma buck you up.
I have some SPY calls that I keep almost selling yeah. At this point I want the market to give me a clear sign I need to get out because watching this is ridiculous. How long can this keep up

John F Bennett
Jan 30, 2013

I always wear my wedding ring. It's my trademark.

There's no real reason for the market to come crashing down right now. I mean, it can happen but I wouldn't put my money on it. Market can go up for a long time still.

cr0y
Mar 24, 2005



I was sure we would bounce hard off 400 but here we are.

E: out of my SPY calls for +200% ROI. Was starting to be no fun worrying about them and theta was starting to ramp. No idea where this market wants go go but am happy taking some profits and thinning down some positions while they are green.

cr0y fucked around with this message at 15:45 on Apr 6, 2021

Red
Apr 15, 2003

Yeah, great at getting us into Wawa.

Tetramin posted:

At this point I want the market to give me a clear sign I need to get out because watching this is ridiculous. How long can this keep up

1. Rules, as we understand them, do not apply here
2. I think there's gonna be a lot of confidence/excitement as things return to 'normal', and there'll be a good ride in the near future
3. Someone rich is going to go "This is loving stupid" and cash out next year, and everybody else is going to pull back in response
4. I plan to ignore everything and just keep investing/reading, because I'm not retiring for a long rear end time

John F Bennett
Jan 30, 2013

I always wear my wedding ring. It's my trademark.

Red posted:

4. I plan to ignore everything and just keep investing/reading, because I'm not retiring for a long rear end time

The only winning move imo

Red
Apr 15, 2003

Yeah, great at getting us into Wawa.
News: Topps will have a stock offering-
Me: Oh really
News: - for a SPAC for involvement in NFTs
Me: Oh gently caress them

https://twitter.com/GregoryNYC/status/1379408598044917763

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Snowy
Oct 6, 2010

A man whose blood
Is very snow-broth;
One who never feels
The wanton stings and
Motions of the sense



Are there any current thread favorite cannabis etf’s/stocks?

I was considering thcx and potx but I doubt my first impressions are a good idea.

E- etf, dum-dum

Snowy fucked around with this message at 17:09 on Apr 6, 2021

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