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These guys are the reason yungbillionaire made 400k. The universe must stay in balance.
As all things should be.
What kind of fucking music do you listen to that isn't on Spotify?
An indie band I discovered in GTAV called Feathers. Pretty decent sized label had them and I'm guessing it's a label thing. Spotify needs to spar with record labels.
Out of the money put options. You can google it for more info
Thank you
I just declare my lawn as a dependent. Really just had to name it because I already watered, fed, and maintained it. Little Herbert saves me a bundle.
I call mine Young Grasshopper. Grass, for short.
‘Can’. Yes. But not in a city and at what standard of living. $40k just gets someone by now but will be poverty money in 50 years.
You take out 4% of the principal amount. The trinity study (linked in my original comment) handles inflation.
You do realize that revenue is up 39% year over year, right?
Yes was trying to point out missing estimated revenue ain’t that big as doubling estimate profit
he didn't even know there was an options calculator and he yoloed 65k on fb puts.
meanwhile, I just get hit with small losses over and over on spreads that seem reasonable and thought-out. it's not fair.
Please break that down for me before I break down
You want to buy a call in MU with a strike of 90 that expires tomorrow.
8/3 so I have some time
yeah its getting pretty close to overbought, and it historically falls down to support levels. I got some September puts just in case
r/Options
Thanks, didn't know there was a better place to ask. I'll post it there too.
People associate it with amazon of china, Er next week should hike big if GDP come nice tomorrow
Nice, just wanted to hear your side. Long Baba as well
Get raped
are you jerking it to AH already? aren't you back to even with that put hedge?
sell calls into the bull market they said!
You can sell puts too...
Tendies? old mate can buy a poultry farm...
He should eat tendies made from only the rarest of chickens. Like that chicken where the meat is black.
Did you get a server error when first trying to sell?
About 12 times.
That would legit be a nice drive once you get into the panhandle but there is not a single goddamn thing between NO and Florida unless there's something in Mobile I'm not aware of.
Dauphin Island is great for birdwatching. I like to fish. I've got fond memories of lower Alabama and the panhandle.
Two good choices, what a horrible problem to have.
Thanks guys. I’m new and I should take my tendies and not look back
NVDA doesn't have their own fabs they go to places like global foundries and TSMC if I'm not mistaken. But they very well could ride the wave seeing as they are an indirect customer
Another thing is GOOGL said they doubled capex spending to 5.5 billion. Some of that definitely went to NVDA.
question what should he do to get the most gain from this situation?
Quit job right now to lower income and tax bracket?
I say $CAT Dow wants to make a come back
I would beware of their supply costs. Not sure though if they do it like Boeing on a contractual basis that gets passed to the customer.
No they don't....Intel has their own fabs
Thought we were talking bout AMD
Look at this giddy ass mother fucker. Why are you still on Reddit after making 400k+? Go and configure a C63 AMG or something, jesus.
Go buy a brick of coke and a nice boat!!
...do you read the news? Go put a lit candle under your drapes then 'wait and see what happens.' Just because we're not at the stage of catastrophe yet doesn't mean all signs aren't pointing in that direction.
No and I really mean it: The narrative you're spinning here is just your bias talking. If you want to be successful at a lot of things in life - especially trading - you have to learn to check your ego and leave more room for doubt.
After hours disagrees.
Its the same every time woth cyclicals. Go back and look at comments in previous cycles
I’d rather gamble the 50k then spend that much money going to those places!!
Each to their own. Travel is our priority.
Didn't he say somewhere else in the thread that the money came from a lawsuit payout? Sounds like some sort of accident from the way he described it.
So you're saying OP is possibly brain damaged from a traumatic accident instead of just autistic? Now I feel bad :(
How much expiry you got on those ?
8/3's I dumped that shit when I woke up for $84
but according to shkreli everything gets broken down in your body the same way so smashing lines is basically the same as eating an organic cucumber.
lmaoo my nigga
No, he heard about how great the skiing was in Colombia, so he literally bought and ran snow machines just to ski in the jungle.
Well when you stay at high end haciendas and suites on a cruise to the Galapagos, I guess it all adds up.
Yeah it makes sense to keep earning at this stage, at least for a decade. Pump that money into a high return ETF, weather the next crash which is inevitably coming soon, and then retire on the next peak. If he keeps earning and saving he could easily have a **safe** $1.5 to $2 million in a decade.
TECL baby
And as it is such, so also as such is it unto you
yeah
All dogs are good dogs Bront
What about my fish?
The fact that I smiled very widely when i saw this post is a bad sign. Get out while you can
I'm glad it made u smile
OSHA can pin the fine to the collar of his dangling corpse
What an image
Up 6% now, this is good for my calls. Bumpy ride there
Nice work man. You gonna sell or let them ride?
wouldn’t put credit spreads be more profitable on bullish movement or am i just autistic?
You are right, but the butterfly means that if AMZN had fallen to, say, $1750, I'd be able to get more money out of the butterfly than a simple credit spread. It was a trade off I was willing to make. Looks like I'll be letting the whole thing expire worthless and keeping the $100 credit I got for it.
Not sure about the $AMAT volume tomorrow. If the volume is up and break the resistance around 48, rally is coming.
Just in time. Aug17 50c has been bleeding for a while. Last few days have been a nice change though. AH action looking good for tomorrow.
But it had the same outcome, right?
shorting is unlimited loss. puts are limited loss.
Straddle = he basically bet that the stock would be really up or really down in order to gain (he bought a call and a put)
Think he bought a strangle. Although a straddle would've worked too depending on strike.
It’s fine. Shit will be at 2000 soon enough
I keep hearing this but 2k = 1 trillion in market cap. Idk if we’re ready.
If GDP numbers good could open 1900+
Please jebus yes. My everything positions need a blowout.
They start selling your organs. Didn't you read the TOS
or children
They do for epyc. I’ve been skeptical but apparently it’s working
I'm a small customer but I wouldn't consider AMD in my datacenter for several years. Unless you just have capital to burn, are in testing phase or in a niche market, it's too much of a risk vs. a proven platform.
If Spotify’s plan is to take over desktop music streaming, then they’re fucked.
i can control my whole house's music with spotify on my desktop with my phone. it's fucking dope. I can control my home's music from 600 miles away with my phone if I have internet and my computer at home is on.
That's literally a house lol. He lost a house.
What kind of garbage poor man house is that.aint even a yacht
Run for your liiiiiiiiiiiiiiiiiiaaaaaaaaaaaaaaaaayyyyyyyyyyyyyfe!
I appreciate the Maiden in this thread.
I can't afford calls so I did a series of spreads trying to catch where I thought AMZN would land depending on how hard it beat earnings
And it looks like your gonna catch it perfect unless this baby moons on GDP numbers.
I get the feeling people are gonna realize intel did fine and their P/E is so low now that buying is just the smartest option. So im gonna sell ASAP and buy calls
I agree with you. I'm honestly amazed they have not been able to just crush any competition.
Apparently it's 8:30am EST, I'm on the west coast so I read it wrong
Oh boy. Could be really good or who knows what. Locked in no matter what.
in a shady way
Sounds profitable.
[If it ain't King James it ain't the bible](https://www.ebay.com/itm/IF-IT-AINT-KING-JAMES-IT-AINT-BIBLE-SCREEN-PRINTED-BUMPER-STICKER-9-X2-5-/171725484899)
Old testament is where real shit yet. King James is Soyboi version.
Buy stocks with dividends
Do options have dividends ??
Stop playing earnings maybe??? Play post-earnings, there's still opportunity and it's less of a crapshoot/shitshow
Play earnings run ups, literally any calls on tech bought a month ago could have been sold in the past week for a good profit.
I think he invested last week on options. 60k in puts
I wish I understood options.
I don’t write calls because I don’t own 100 shares of anything that trades options and I don’t write puts because I’m not going to expose myself to infinite loss, so no.
Can always buy back puts at an exit
I don’t understand this advice? All in SPOT puts?
7/20c $90 MU. Oh, fuck, wait, that was last week.
People (and articles) keep saying this, and it keeps not happening.
Articles and people are dumb. Science is cool. Get back to me oct 1.
oh man, this is golden
Sounds like good dd in the valley — seven phone calls is at least 50 billable hours.
Do options have dividends ??
I’ve heard otm weeklies do
Maybe buy some new bed sheets that weren’t made before black Monday
I like them, they are soft but not silky so I dont feel like a wet hotdog.
Fair. Do you think the most common play is FDs for earnings around here then
Around here - yes. But things people do around here seem to lose more often than win so bet at your own risk sir.
GOOG is going to take over all internet stuff. But Tesla is going to take over all cars, trucking and travel.
As long as elon stops huffing the battery fumes.
This is why I eat ass.
But they poop
How about that FB rebound today?!?
Please. Not even for my FB calls. My other stocks followed suit for some reason.
3 percent blast off 'nah'
Jesus I swear this sub doesn’t understand hyperbole at all.
I wish I understood options.
Watch the Khan Academy video on it
Where did I describe myself as frugal? I said I like to think of myself as frugal. I dont live like a poor fag because I have the money to live lavishly. Just because I spend 70k a year while having a family, doesnt mean I'm not frugal. Fuck off weeb
if you think of yourself as frugal, as i said, you dont understand frugal. the point of frugal is to save as much as possible. lavish cannot be frugal, they are polar opposites. at this point, im pretty sure you are just trolling and trying to piss people off instead of trying to have actual conversation so ill leave you with the google definition of frugal 'sparing or economical with regard to money or food.'
That’s not even a 5% move now
What a time to be alive
Is AMD back on the meme menu
Did it ever leave?
https://www.reddit.com/r/wallstreetbets/comments/91x972/dont_straddle_earnings_they_said/?st=JK3BT1YQ&sh=b86c55c6
Thanks. I've actually been testing these a decent amount this earnings season. Be interested to know how yours turns out if you want to compare notes. I bought 54C 54P 8/3s and sold 50.5P and 57.5C 7/27s.
There's still hope
You miss spelled $ROPE
Good to know, now I just need to find out if there's a profit difference. Thanks for the help.
No problem. For future reference this sub is definitely not for serious discussion, so be careful what you take to heart.
Can Questrade do options?
Yes - I don't know what other brokers charge, but it's sort of pricey with QT. It's like 4.95 to start and then an extra dollar per option.
That's commitment
A true autist
Same thing happened to me on a 9/21 $BA call. I lost 50% at open and have already recouped most the loss and am now down 10%. Not sure how much of that was trade news, but there seems to be some significant over-reactions.
This gives me some confidence. Thanks man
Bought more leaps today. It’s like a money printer.
Been buying shares of MasterCard and Visa when I have spare change. They can't lose. Market goes down, more people carry balance, up go the stock values. It's great.
Quit job right now to lower income and tax bracket?
Buy a home and write off as much interest as possible to counter
Shit man if I had 60k to blow at 20 itd be spent on drugs
Hookers and cocaine.
I can totally buy that, however, when you consider any call strategy you're always going to lose if it stagnates or falls. As for the upwards portion obviously predicting how much is impossible but I've given myself a window of 2-20% for profitability on the world's 3 largest market cap I have a hard time seeing 20+% in < 3 months. This also drastically improves my profit in the 2-10% range and improves profit near across the board if I decide to take my win early on in the play.
What’s the premium on put? You could sell twice 2-3 put or put spread at 45 dte on 30-40 deltas with less exposure at once?
Bros before loans
And loans before Earnings week
I hope not either. I'm down 27% on 5k of shares lol.
See heres a guy that knows how to buy high
Don't talk to me or my sub ever again.
Ok wow rude but alright thats fair
motherfucker you can buy sooo many bags of rice and beans for the price of a Big Mac
Yeah. Noodle too. Can you buy salad and fruits? Red and white meat?
I'm a small customer but I wouldn't consider AMD in my datacenter for several years. Unless you just have capital to burn, are in testing phase or in a niche market, it's too much of a risk vs. a proven platform.
... like a big customer would? Using a ton of them at work.
Eat a bag of horse poop.
I mean wtf can we do with these prediction at night. I'm not going to buy some fucking shares like a pleb.
PayPal is agood decision duck you.
But someone told us to YOLO it a few days ago and it didn't work
We're so fucking autistic we get off on graphs moving. True autism ain't about the numbers, it's about the slope
Spoken like a true slope head.
The comments are great
One really stands out: Old Chinese saying: Play your hands with options and you have no fingers! :_(
Realistically people would need at least 2M to fat fire, but OP has a solid start
FFS if he's actually 20 he's basically already baristaFI
nice save
Nice flair
Still learning the Greeks. Have any recommendations?
I do. Check out 'Trading the Greeks 2nd Edition' by Dan Passarelli. It's a really deep dive into how all the greeks work, complete with charts for ATM, ITM, and OTM options. The pros and cons of trading each, hypothetical scenarios, and of course strategies to mitigate risk. It's pricey but the information is worth it.
shorting is unlimited loss. puts are limited loss.
Ok, thanks!
I'm pretty sure 4th quarter estimated taxes are due on January 15th of the following year. If you're just covering your liability through W2 withholdings then it has to be in by December 31st.
You're correct. I was just trying to dumb it down a good bit. I also left out how W2 withholding is considered equally paid throughout the year no matter when they are actually paid
Np. If you have over 25k you can get neat deals when you start. I think I got a month of free trades which saved me a couple hundred.
Yeah not a chance I got that lieing around lol
The news was game changing though they are telling u they won’t be profitable next year.
Obviously game changing is relative to each company that we use the term for. Yes this is a huge deal but the caveat is that FB could recover to increase their revenue, they may have competitors like SNAP but realistically there’s no Facebook killer on the horizon, if it happens it will be because Facebook kills itself.
I was playing along
Those two points are not mutually exclusive.
2? ....I think you mean 45,852.
the alcohol has removed those traumatic memories
How many celeb magazines did you buy or invest in?
None but it's a billion dollar industry so I assume a few people did ;)
Yea but no one makes calls for your dick.
Zero open interest.