I Am Getting RRRRIIIICCCCH from OPTIONS

I AM RICH I AM RICH OPTIONS BABYYYY

>pic related is how i feel i look after trading options and making money.

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You looks tired.

How'd you do it, I have 30k just doing nothing and at this point am wasting money.

Has a couple of wins with beginners luck, believes he's special and gets humbled by the market

I bought Geogroup, a high yielding dividend stock. The high dividend keeps the stock from falling too low (because then it would be too attractive) and prevents it from getting too high (because dividends drain company equity).

then I continually sold longs and puts that were out of the prices technical bandwidth so that I would collect the premium but the contracts would expire worthless. This is an example of market inefficiency because the probability that the stock would leave the bandwidth does not justify the price paid for the option, so my premiums had a higher expected value than zero (according to me).

I not only collected huge dividends on this stock, but make tons of money on the premiums from the calls and puts.

You do realize you're talking to a literal genius right?

>You do realize you're talking to a literal genius right?

prepare to be humbled

i mean at least he has a system

Wait. So you let the options expire?

> but make tons of money on the premiums from the calls and puts.
Uh I wouldn't consider $15-$45-$120 on weekly monthlies and years a "ton" oh money. Also how many blocks do you have?

he's selling them, he wants them to expire worthless

>I AM RICH I AM RICH OPTIONS BABYYYY
yes, until you not
enjoy your gambling faggot

Hes risking 1k worth of shares that pay divs for fucking $100 lol

Nice projection buddy. I'm making BANK over here.

If the call options get excercised then my stocks will still be sold off at a capital gain.

If my put options get exercised I'll make a loss yes, but not likely enough to offset the past gains.

I'm not leverging buying options, I'm selling them and they're covered.

Based

Nice projection. I have way more money than that.

I'm just skeptical to say the exact amount because I told a ton of people how much money I put into it, have it on my social media, and tell everyone I use Zig Forums, so it would be easy to recognize me.

But im known as very impressive since I made so much money for a 20 year old.

>Nice projection. I have way more money than that.
Ok one of two things
Either you started off with a shit load of shares
Or
Your idea of "a lot of money" is fucked
Tell me how the fuck a share with such a wide ass ask bid spread and pennies on the dollar premiums is making you money.

Cant wait to hear how your $45 premium from covered calls on 1k of underlying is making you lambo money

Why did OP leave after getting hit with tough questions like

Is it because he is a larping faggot who got humbled?

I stared off with $17000 when i was 18 and just graduating highschool, i made a lot since then.

All my friends complain about being broke and unable to pay for the uber, so yeah im not Bezos but I am relatively rich compared to others around me.

I didn't leave, i just didn't see this post.

>You do realize you're talking to a literal genius right?
Checkout Deribit crypto options Mr. Big Brain
Also VIX options are fucking awesome!

What is your best return on options?
Mine is 44x on long OTM SPY calls with 850 DTE

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>I told a ton of people how much money I put into it, have it on my social media, and tell everyone I use Zig Forums
>a literal genius

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I will look into that.

My returns on options are technically infinity since I see the options and they expire worthless. I didn't put up any capital other than the covered Geo stocks.

>If you brag about your accomplishments you aren't intelligent

Tell that to Mark Zuckerberg and/or Elon Musk.

Mark Zuckerberg isnt intelligent though
I mean he's no dumbass but no genius either

You are one dumb nigger.

>Mark Zuckerberg isnt intelligent though

What are you smoking

>Got into Harvard CS
>Hacked Harvard computer system and replaced it with a self-coded girl rating system for an entire night
>Coded a successful website that became globally famous
>Ran Facebook
>Still CEO of a 700 billion dollar company despite numerous scandals and shortfalls.

He's easily in the top 0.01% of intelligence.

>My returns on options are technically infinity since I see the options and they expire worthless. I didn't put up any capital other than the covered Geo stocks.

Well you do need to post money/stock as collateral, so you return would be based on the collateral posted vs the premium you collect imo.

I'm waiting for gold to peak to sell GDX bear call spreads, 30% ROE with ~600 DTE, I'll close them on a gold dump then go long with the profits.

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>Being a racist

At least I'm smart enough not to be racist.

>Well you do need to post money/stock as collateral, so you return would be based on the collateral posted vs the premium you collect imo.

Then my returns are about 42% annually if you include option premium plus dividend payments.

I didn't include them in the return because it's not mandatory to hold the stock..

>I'm waiting for gold to peak to sell GDX bear call spreads, 30% ROE with ~600 DTE, I'll close them on a gold dump then go long with the profits.

When do you think golds peak is?

>born beta
>dates an ugly chink
>is jewish and pushes the globalist narrative
>website filled with constant random garbage ads

Myspace was better. Fuck that manlet kike

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>born beta
Yeah, that's why he used his brilliance to become one of the richest people on the planet.

>dates an ugly chink
I agree he's pretty dumb for that ngl. This is your one good argument

>is Jewish and pushes the globalist narrative
Yeah, all high-IQ rich Jews do that, that shows he's intelligent

>Website filled with constant random garbage ads
Ads that made him a billionaire.

You're just proving my point, except for the ugly part, you're right he could do better.

>brilliance
intelligence isn't a lump sum of how good you are at scamming people and accruing wealth, being king of the snakes means nothing and zuck is a complete laughing stock because of it. nobody looks up to him like kids (used to) look up to bill gates.