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Oscar Wild posted:Why do you think they're both stupidly risky leveraged and named like 70s hair metal bands? Because coke addled wall street quants came up with the most dumb and risky bets that maximize theoretical profit if you're willing to take on stupid amounts of risk. Maybe it's because my mindset of options is already gambling and not investing, but you generally set the wings (buys) of the condor to be one or two hops off your sold puts and calls and your risk is minimized. Tastytrade has a pretty nice tool for playing around with fake money and the iron strategies which you should definitely do first
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May 26, 2021 05:08
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If you do super wide Iron Condors and Iron Butterflies then that is a ton of risk but at least it has a know maximum risk. Let’s talk about trading the naked versions, straddle and strangle for max coked to the tits loss porn.
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May 26, 2021 05:09
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If you trade weird option spreads you're supposed to shout out the names like Yu-Gi-Oh cards
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May 26, 2021 05:17
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DeadFatDuckFat posted:You owe all of us some burgs if your promise doesn't hold perhaps...an anime sandwich
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May 26, 2021 05:25
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https://www.theblockcrypto.com/link...m_medium=socialquote:Gaming retailer GameStop is building an NFT platform on Ethereum it's a syzygy of bullshit
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May 26, 2021 08:35
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Chadzok posted:https://www.theblockcrypto.com/link...m_medium=social So GME's hitting $300 today then?
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May 26, 2021 09:24
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Cacafuego posted:Stock Trading Thread: “so it’s just gambling then?”
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May 26, 2021 11:57
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Cacafuego posted:Stock Trading Thread: “so it’s just gambling then?”
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May 26, 2021 12:09
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Maybe I'll pick up some GME premarket 😈
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May 26, 2021 12:58
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strange feelings re Daisy posted:If you trade weird option spreads you're supposed to shout out the names like Yu-Gi-Oh cards Buying OTM calls with one day to expiration? Hhahahahahahaahaha you have activated my trap card!
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May 26, 2021 13:22
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E*Trade lets me trade options, level 2, now leave me alone, gotta go buy an Iron Butterfly!
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May 26, 2021 13:23
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BigPaddy posted:Buying OTM calls with one day to expiration? Hhahahahahahaahaha you have activated my trap card! 0DTE GME 420C in defense mode
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May 26, 2021 13:24
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FOMO is real on AMC calls right now
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May 26, 2021 14:22
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cr0y posted:FOMO is real on AMC calls right now Calls at 9:30 are almost always a mistake and extremely overpriced please let the pricing settle. Check the bid / ask spread. I generally tell people unless you are really confident it's about to rocket up wait until 10:00 to buy options. This will save you money overall but yes sometimes you will miss the optimal entry which was 9:30 on the dot. Do not worry about being perfect, worry about your average.
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May 26, 2021 14:28
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GME and AMC moving in unison like they're cryptocurrencies, pretty absurd.
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May 26, 2021 14:35
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Chop chop chop AMC calls and SPY calls basically the same price that makes sense Fun 
cr0y fucked around with this message at 15:00 on May 26, 2021 |
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May 26, 2021 14:55
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Got out of AMC earlier today because I’m tired or paying attention to meme stocks. Expect it to rocket up to 100+ now
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May 26, 2021 15:02
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OldSenileGuy posted:Got out of AMC earlier today because I’m tired or paying attention to meme stocks. Expect it to rocket up to 100+ now Thank you for your service 
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May 26, 2021 15:10
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I'm not sure what's dumber, that I could sell AMC for something like a 300% profit or that I'm thinking about not because it might go higher.
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May 26, 2021 15:12
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SlothBear posted:I'm not sure what's dumber, that I could sell AMC for something like a 300% profit or that I'm thinking about not because it might go higher. How many shares? Sell covered calls
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May 26, 2021 15:15
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cr0y posted:How many shares? Sell covered calls Just 100. I only brought it to follow the meme. Also on a non-meme note AHT at 2.00 was a great buy.
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May 26, 2021 15:19
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Finally dumped my CCL calls after having them about 6 mos. Hope it keeps going up but I made 20% 
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May 26, 2021 15:27
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SlothBear posted:Just 100. I only brought it to follow the meme. AHT is doing great, hope it keeps going up
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May 26, 2021 15:30
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SlothBear posted:I'm not sure what's dumber, that I could sell AMC for something like a 300% profit or that I'm thinking about not because it might go higher. I don't see how it doesn't go up at this point. The WSB crowd have been reinvigorated by this week's action and will almost certainly be completely frenzied by it once again.
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May 26, 2021 16:00
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I have been doing PMCC against AMC for a while and my long term calls at 8/9 are looking good right now.
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May 26, 2021 16:06
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CRTX payday. Sold at 42.00 and entered a GTC buy at $35
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May 26, 2021 16:16
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I have 40 $15c expiring 5/28 on AMC so I'm hoping these nerds (and the major hedge funds playing off the nerds) push it to over $20 this week
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May 26, 2021 16:16
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You can almost feel the memes pulling money away from everything else
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May 26, 2021 16:24
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cr0y posted:You can almost feel the memes pulling money away from everything else https://twitter.com/michaelsantoli/status/1397573458603790346?s=20 pretty much this
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May 26, 2021 16:25
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Sand Monster posted:I don't see how it doesn't go up at this point. The WSB crowd have been reinvigorated by this week's action and will almost certainly be completely frenzied by it once again. That’s sort of what I’m thinking. There’s no reason it should be 25 but there’s no reason it should be 18 either so what the hell let it ride.
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May 26, 2021 16:39
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cr0y posted:You can almost feel the memes pulling money away from everything else It's been this way since January. Retail crowd plays with memes, MMs push everything else down.
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May 26, 2021 16:41
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BBW stays winning despite it's horrifying, crippling, utterly nightmarish deal with the biggest video game IP.
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May 26, 2021 16:45
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Do we have any evidence that any of the memes every actually short squeezed?
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May 26, 2021 16:53
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cr0y posted:Do we have any evidence that any of the memes every actually short squeezed? GME probably caused a lot of pain at some firms. I'm not looking for evidence though.
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May 26, 2021 16:56
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Oscar Wild posted:GME probably caused a lot of pain at some firms. I'm not looking for evidence though. Melvin Capital, one of if not the biggest known GME short seller, was bailed out with $2.75 billion by Citadel immediately after GME popped.
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May 26, 2021 17:11
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I can't imagine how hedgefunds couldn't have gotten out of it (by 'it' I mean GME squeezing to $1m/share or whatever like they think will happen) by now, it's been going on for months. And if there's one true thing out of all the craziness, it's that they don't play by the same rules as the rest of us
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May 26, 2021 18:02
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Nosre posted:I can't imagine how hedgefunds couldn't have gotten out of it (by 'it' I mean GME squeezing to $1m/share or whatever like they think will happen) by now, it's been going on for months. And if there's one true thing out of all the craziness, it's that they don't play by the same rules as the rest of us Or they just have a deal with whoever to hold the short long-term until all the momentum runs out. All the memes WILL crash at some point.
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May 26, 2021 18:07
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Most of the reddit people never fully understood what open short interest was exactly or how short squeezes affect big hedge funds differently from individual investors. The first big push up of GME's price caught one fund by surprise and cost them a pile of money, and after that, most of the people losing money on GME were the reddit/robinhood bag-holders, as the price was actively controlled and manipulated by the very funds they thought they were pwning. It's like they think hedge fund managers can't read reddit.
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May 26, 2021 18:14
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My incredible BBW thicc juicy queen with an rear end that won't quit. I love you and support you, baby girl.
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May 26, 2021 18:21
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God bless $EVIO, just made back every cent I've been down for the last 3 months. Sold off half of my stake, gonna see where this goes.
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May 26, 2021 18:23
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