Author Topic: Serious stonks strategy talk  (Read 24739 times)

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james

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Serious stonks strategy talk
« on: March 03, 2020, 04:32:30 PM »
I've been reading wallstreetbets all this past week and people are turning this volatility into giant sums of cash left and right.

Im tired of being left out. I want to retire and move to costa rica. Predictit was fun, and I made like $45 dollars voting no on Yang, but it's time for the real money.

But I dont really understand it all. Look at this comment someone made today:

Quote
SPCE 4/17 5p are basically free money

Ok, so they're saying that Virgin Galactic Holdings is over-priced at 24.71 and this person is betting that by 4/17/2020 the stock will be closer to $5. Right?

That's a bit too far out to me, but what if I buy puts for 4/17 for, say, $12? Half the current price? Is that also free money?
« Last Edit: March 03, 2020, 04:39:00 PM by james »
:O

james

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Re: Serious stonks stragey talk
« Reply #1 on: March 03, 2020, 04:34:46 PM »
For reference I bought my first puts this morning.

 $70.46  (25.21%) 
and
 $0.92  (2.35%) 

I mean, this is a good start right? Had my nuts been a little more developed, I could have easily been up $200 today but I got scared.
:O

Nintex

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Re: Serious stonks strategy talk
« Reply #2 on: March 03, 2020, 04:55:24 PM »
You always short and grab the bull by the horns as you ride the wave of interest towards a higher yield  :money
XENO

OnlyRegret

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Re: Serious stonks strategy talk
« Reply #3 on: March 03, 2020, 05:01:09 PM »
buy high, sell low

james

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Re: Serious stonks strategy talk
« Reply #4 on: March 03, 2020, 05:03:40 PM »
What part of serious was unclear
:O

who is ted danson?

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Re: Serious stonks strategy talk
« Reply #5 on: March 03, 2020, 05:03:42 PM »


You know what to do, James.

It's time to leave humanity behind and join the Bohemian Grove.
⠀⠀⠀⠀⠀

thisismyusername

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Re: Serious stonks strategy talk
« Reply #6 on: March 03, 2020, 05:05:25 PM »
Thread right now:



Thread when James makes money:

:pika



Thread when James loses money over shitty Mexican beer-virus-chan hitting the stonks:


james

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Re: Serious stonks strategy talk
« Reply #7 on: March 03, 2020, 05:07:28 PM »
I think you should take a look at investing all the savings you have into Forex trading. Easy returns guaranteed.

More info please
:O

james

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Re: Serious stonks strategy talk
« Reply #8 on: March 03, 2020, 05:16:37 PM »
Esch liked and then unliked my Vanguard post, and that felt worse than my portfolio taking a dip  :'(

It's good advice though.

I thought about it, and then i realized forums poster james is smart enough to take on a little more risks in the market. Index funds are safe and boring. A guy like james can handle something a little more profitable.

This is wrong.

I want safe money. I want "basically free money".

I want to be like the guy who made $6million on Tesla stonks in 5 days.
:O

jorma

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Re: Serious stonks strategy talk
« Reply #9 on: March 03, 2020, 05:16:46 PM »
Esch liked and then unliked my Vanguard post, and that felt worse than my portfolio taking a dip  :'(

It's good advice though.

he is asking about short term options trading, he is clearly not interested in good advice


james

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Re: Serious stonks strategy talk
« Reply #10 on: March 03, 2020, 05:18:22 PM »
Go look at those long term Vanguard portfolios and tell me all the red is a good thing
:O

Nintex

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Re: Serious stonks strategy talk
« Reply #11 on: March 03, 2020, 05:20:08 PM »
Now is the perfect time to buy. We have this thing very much contained. You see the markets are doing great. The fundamentals of this market are strong. I believe there is no reason to panic. Now is a great time to buy.
XENO

thisismyusername

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Re: Serious stonks strategy talk
« Reply #12 on: March 03, 2020, 05:22:23 PM »
Just watch the Wolf of Wall Street, james. Do Penny-stocks like he did, and then develop a drug habit. Maybe find an underage Margot Robbie alike for your... how do we say... pizza-tendencies and then lose it all.


who is ted danson?

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Re: Serious stonks strategy talk
« Reply #13 on: March 03, 2020, 05:24:46 PM »
Make sure you register your Robin Hood to a burner phone.

When you lose them their leverage and go -$500k, just delete the app, smash the phone, and start fresh.
⠀⠀⠀⠀⠀

Nintex

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Re: Serious stonks strategy talk
« Reply #14 on: March 03, 2020, 05:32:44 PM »
Just watch the Wolf of Wall Street, james. Do Penny-stocks like he did, and then develop a drug habit. Maybe find an underage Margot Robbie alike for your... how do we say... pizza-tendencies and then lose it all.


If you repeat this fraud under the Trump administration you'd probably get a Presidential Medal of Freedom  :rodney
XENO

james

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Re: Serious stonks strategy talk
« Reply #15 on: March 03, 2020, 05:36:42 PM »
So I'm reading about selling puts... And it seems pretty common sense?

Like if the stock goes up I keep the cash

If it goes down I own the stock

There's like no downside?
:O

jorma

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Re: Serious stonks strategy talk
« Reply #16 on: March 03, 2020, 05:39:11 PM »
Go look at those long term Vanguard portfolios and tell me all the red is a good thing

if you're determined to go high risk  probably no reward i suggest to look at weedstocks (the murican mso's)

if Sanders wins, he'll legalize federally day 1 and everything will moon because executive order bitches
Biden hates weed though, so even if federal legalization is possible in his presidency... he aint gonna push for it himself.

jorma

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Re: Serious stonks strategy talk
« Reply #17 on: March 03, 2020, 05:41:04 PM »
So I'm reading about selling puts... And it seems pretty common sense?

Like if the stock goes up I keep the cash

If it goes down I own the stock

There's like no downside?

of course there's no downside! everyone on wall street loves to throw free money at newbs who don't know what they are doing! it's that sort of spontaneous generosity that has made wall street so famous after all!

thisismyusername

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Re: Serious stonks strategy talk
« Reply #18 on: March 03, 2020, 05:43:29 PM »
So I'm reading about selling puts... And it seems pretty common sense?

Like if the stock goes up I keep the cash

If it goes down I own the stock

There's like no downside?

of course there's no downside! everyone on wall street loves to throw free money at newbs who don't know what they are doing! it's that sort of spontaneous generosity that has made wall street so famous after all!


james

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Re: Serious stonks strategy talk
« Reply #19 on: March 03, 2020, 05:48:52 PM »
So I'm reading about selling puts... And it seems pretty common sense?

Like if the stock goes up I keep the cash

If it goes down I own the stock

There's like no downside?

of course there's no downside! everyone on wall street loves to throw free money at newbs who don't know what they are doing! it's that sort of spontaneous generosity that has made wall street so famous after all!

Show your portfolio or gtfo
:O

james

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Re: Serious stonks strategy talk
« Reply #20 on: March 03, 2020, 05:54:49 PM »
Ok this is helpful it breaks up the strategies by experience

https://www.optionsplaybook.com/option-strategies/
:O

TEEEPO

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Re: Serious stonks strategy talk
« Reply #21 on: March 03, 2020, 05:55:24 PM »
you are so fucked

BisMarckie

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Re: Serious stonks strategy talk
« Reply #22 on: March 03, 2020, 05:58:34 PM »
Buy Bayer stocks, one day these guys who got cancer from Glyphosate will die and drop their lawsuits. Their numbers are good enough for a stock valued at around 140 Euro dollars.:money

james

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Re: Serious stonks strategy talk
« Reply #23 on: March 03, 2020, 06:02:58 PM »
I get the feeling that all of you are broke
:O

BisMarckie

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Re: Serious stonks strategy talk
« Reply #24 on: March 03, 2020, 06:04:44 PM »
Well yeah, I bought Bayer and VW stocks.

jorma

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Re: Serious stonks strategy talk
« Reply #25 on: March 03, 2020, 06:13:52 PM »
So I'm reading about selling puts... And it seems pretty common sense?

Like if the stock goes up I keep the cash

If it goes down I own the stock

There's like no downside?

of course there's no downside! everyone on wall street loves to throw free money at newbs who don't know what they are doing! it's that sort of spontaneous generosity that has made wall street so famous after all!

Show your portfolio or gtfo

i don't trade the wsb-style options because i'm neither an autistic super genius who doesn't really care about money or an idiot.
i have mostly swedish dividend stocks and quite a bit too much of assorted weedstocks

but i'm also like 50% cash atm



Pennywise

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Re: Serious stonks strategy talk
« Reply #26 on: March 03, 2020, 06:43:01 PM »
Well yeah, I bought Bayer and VW stocks.
Damn.
That's almost as bad as investing in those photovoltaics companies.

BisMarckie

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Re: Serious stonks strategy talk
« Reply #27 on: March 03, 2020, 06:53:24 PM »
Not too worried about Bayer, I got in at 80. :trumps

james

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Re: Serious stonks strategy talk
« Reply #28 on: March 04, 2020, 12:03:13 PM »
Well both my options portfolio and predictit portfolio have been decimated

 :existential
:O

Akala

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Re: Serious stonks strategy talk
« Reply #29 on: March 04, 2020, 01:31:27 PM »
think of it like you got in on the ground floor.  :nothing

james

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Re: Serious stonks strategy talk
« Reply #30 on: March 04, 2020, 01:46:34 PM »
So I'm reading about selling puts... And it seems pretty common sense?

Like if the stock goes up I keep the cash

If it goes down I own the stock

There's like no downside?

of course there's no downside! everyone on wall street loves to throw free money at newbs who don't know what they are doing! it's that sort of spontaneous generosity that has made wall street so famous after all!


You fucking imbecile explain this


I was told to post this. I think i beat the game. I bought every reasonable call selling for .01 and bought them. Over 1000 contracts. The slightest upward movement makes me money, and they cant go lower than i already bought them for. It either goes up, or expires worthless.YOLO

https://www.reddit.com/r/wallstreetbets/comments/fd7f9b/i_was_told_to_post_this_i_think_i_beat_the_game_i/
:O

BisMarckie

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Re: Serious stonks strategy talk
« Reply #31 on: March 04, 2020, 01:58:05 PM »
If you bought Hunter Oil Corp stocks yesterday for 200 bucks, you would have made 10000 bucks today.

Pennystocks are a great investment the Big Banks don’t want you to know about. :shh

jorma

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Re: Serious stonks strategy talk
« Reply #32 on: March 04, 2020, 02:10:53 PM »
my portfolio is up 4% today
you can't explain that!
 :rimshot
 

james

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Re: Serious stonks strategy talk
« Reply #33 on: March 04, 2020, 02:17:08 PM »
my portfolio is up 4% today
you can't explain that!
 :rimshot

If you owned health companies youd be up 13% like me
:O

jorma

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Re: Serious stonks strategy talk
« Reply #34 on: March 04, 2020, 02:31:34 PM »
my portfolio is up 4% today
you can't explain that!
 :rimshot

If you owned health companies youd be up 13% like me

i think i'd rather own arms dealer stonks tbh  :lol

james

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Re: Serious stonks strategy talk
« Reply #35 on: March 04, 2020, 02:58:16 PM »
Ok, sold my first put

Your Estimated Order Total    (Credit) $154.44
Funds required for this trade    $2,095.56


$54.44 is going to Bernie, and $100 is going to give daddy a good time
:O

BIONIC

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Re: Serious stonks strategy talk
« Reply #36 on: March 04, 2020, 03:01:39 PM »
Ok, sold my first put

Your Estimated Order Total    (Credit) $154.44
Funds required for this trade    $2,095.56


$54.44 is going to Bernie, and $100 is going to give daddy a good time

Splatoon amiibos are more expensive than I thought.
Wine

james

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Re: Serious stonks strategy talk
« Reply #37 on: March 04, 2020, 03:06:35 PM »
I dont understand the trading interface

For the puts I bought, its pretty obvious if Im making (or losing) money

But for the one I sold I dont know where to find that info 

????
:O

james

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Re: Serious stonks strategy talk
« Reply #38 on: March 04, 2020, 03:16:50 PM »
Quote
For this strategy, time decay is your friend. You want the price of the option you sold to approach zero. That means if you choose to close your position prior to expiration, it will be less expensive to buy it back.

fuck I think i understood this wrong
:O

BIONIC

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Re: Serious stonks strategy talk
« Reply #39 on: March 04, 2020, 03:25:34 PM »
James will have to give gas station BJs to pay rent by the end of the year :rejoice
Wine

james

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Re: Serious stonks strategy talk
« Reply #40 on: March 04, 2020, 03:29:28 PM »
I think Im done with stonks. The more I read, the less I understand

Please close the thread.
:O

Nintex

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Re: Serious stonks strategy talk
« Reply #41 on: March 04, 2020, 03:43:06 PM »
I think Im done with stonks. The more I read, the less I understand

Please close the thread.

XENO

james

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Re: Serious stonks strategy talk
« Reply #42 on: March 04, 2020, 03:57:28 PM »
Ok last one I swear I bought this

SPY Mar 27 2020 295.00 Put
:O

Propagandhim

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Re: Serious stonks strategy talk
« Reply #43 on: March 04, 2020, 06:28:29 PM »
Quote
For this strategy, time decay is your friend. You want the price of the option you sold to approach zero. That means if you choose to close your position prior to expiration, it will be less expensive to buy it back.

fuck I think i understood this wrong


 You're selling an underlying you don't own, so you have to buy it back to complete the trade.  The ideal scenario is you selling a contract that has value, you get the credit on the sale immediately, then it ends up becoming worthless due to theta decay for when you buy it back.   Options decay over time, so if you're selling an option, you actually earn money over time (if you're buying, you're losing).  You can create spreads of buy/sell combinations to earn money at a specific strike point over time. 

Get an Ameritrade account so you can sign up for ThinkorSwim to understand how to construct trades.

 Get this book : https://www.amazon.com/Option-Traders-Hedge-Fund-Framework-ebook/dp/B00844NXC6  It's heavy reading, but worth it.
« Last Edit: March 04, 2020, 06:33:31 PM by Propagandhim »

TEEEPO

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Re: Serious stonks strategy talk
« Reply #44 on: March 04, 2020, 06:53:44 PM »
it's fairly easy to fuck up using thinkorswim, or any REAL trading platform, so understand how the platform works through using papermoney, not to mention employing various strategies. also, use the free courses provided by ameritrade

james

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Re: Serious stonks strategy talk
« Reply #45 on: March 05, 2020, 08:31:48 AM »
If I'm understanding the wsb chat, I'm about to print some serious tendies
:O

jorma

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Re: Serious stonks strategy talk
« Reply #46 on: March 05, 2020, 09:00:57 AM »
If I'm understanding the wsb chat, I'm about to print some serious tendies

futures looking bright for you and the sanders campaign

https://se.investing.com/indices/us-spx-500-futures

Propagandhim

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Re: Serious stonks strategy talk
« Reply #47 on: March 05, 2020, 09:20:50 AM »
Ok last one I swear I bought this

SPY Mar 27 2020 295.00 Put

Well done, James

james

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Re: Serious stonks strategy talk
« Reply #48 on: March 05, 2020, 09:58:20 AM »
Ok last one I swear I bought this

SPY Mar 27 2020 295.00 Put

Well done, James

 (82.86%)

 :leon
:O

Propagandhim

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Re: Serious stonks strategy talk
« Reply #49 on: March 05, 2020, 10:06:24 AM »
Ok last one I swear I bought this

SPY Mar 27 2020 295.00 Put

Well done, James

 (82.86%)

 :leon

I thought you bought puts at the end of the day yesterday.   :(

james

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Re: Serious stonks strategy talk
« Reply #50 on: March 05, 2020, 10:31:32 AM »
Ok last one I swear I bought this

SPY Mar 27 2020 295.00 Put

Well done, James

 (82.86%)

 :leon

I thought you bought puts at the end of the day yesterday.   :(

Yes I did, thats a positive sorry
:O

Occam

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Re: Serious stonks strategy talk
« Reply #51 on: March 05, 2020, 10:34:36 AM »
Edit: So it's positive. Parenthesis usually indicate losses.
« Last Edit: March 05, 2020, 10:45:37 AM by Occam »
504

Propagandhim

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Re: Serious stonks strategy talk
« Reply #52 on: March 05, 2020, 10:39:37 AM »
Ok last one I swear I bought this

SPY Mar 27 2020 295.00 Put

Well done, James

 (82.86%)

 :leon

I thought you bought puts at the end of the day yesterday.   :(

Yes I did, thats a positive sorry


Ahh.  Confused me since the parenthesis indicates losses in brokerage software.  Nice.   :lol

BisMarckie

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Re: Serious stonks strategy talk
« Reply #53 on: March 05, 2020, 10:43:49 AM »
James if I give you 100 bucks to play with, how long will it take you to turn that into a cool million with your newfound stonks knowledge?

james

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Re: Serious stonks strategy talk
« Reply #54 on: March 05, 2020, 10:43:53 AM »
Yeah I just copied and pasted.

Also, some bad news gang.

I went to buy some United Airlines puts last week, and frankly, my timing was exceptional.

So Im looking at my puts wondering where my tendies are.

Turns out I bought Under Armor (UA) instead of United Airlines (UAL)

 :snoop :snoop :snoop :dead :dead :dead
:O

BisMarckie

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Re: Serious stonks strategy talk
« Reply #55 on: March 05, 2020, 10:46:51 AM »
James if I give you 100 bucks to play with, how long will it take you to turn that into a cool million with your newfound stonks knowledge?

You can keep the 100 bucks in that scenario btw

james

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Re: Serious stonks strategy talk
« Reply #56 on: March 05, 2020, 10:49:42 AM »
James if I give you 100 bucks to play with, how long will it take you to turn that into a cool million with your newfound stonks knowledge?

You can keep the 100 bucks in that scenario btw

What happens if I lose the $100
:O

thisismyusername

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Re: Serious stonks strategy talk
« Reply #57 on: March 05, 2020, 10:50:51 AM »
James if I give you 100 bucks to play with, how long will it take you to turn that into a cool million with your newfound stonks knowledge?

You can keep the 100 bucks in that scenario btw

What happens if I lose the $100

You turn yourself in to the FBI with your stash of underage squid porn.

james

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Re: Serious stonks strategy talk
« Reply #58 on: March 05, 2020, 10:52:11 AM »
James if I give you 100 bucks to play with, how long will it take you to turn that into a cool million with your newfound stonks knowledge?

You can keep the 100 bucks in that scenario btw

What happens if I lose the $100

You turn yourself in to the FBI with your stash of underage squid porn.

Youre not welcome in this wholesome thread

 :karen
:O

BisMarckie

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Re: Serious stonks strategy talk
« Reply #59 on: March 05, 2020, 10:53:39 AM »
James if I give you 100 bucks to play with, how long will it take you to turn that into a cool million with your newfound stonks knowledge?

You can keep the 100 bucks in that scenario btw

What happens if I lose the $100


I think you misunderstood, you owe me a million no matter what.