>Risk Management Not much to say, we can all YOLO and loose money. It is mathematically proven that with high number of occurrences we get closer to the mean average of our returns. Not more than 1-2% max loss per trade.
You fuckers shilled me into buying CLF along calls that expire on 1/8/21 with a $13 strike price. So WTF do I do with these things? Just sit there and look at them until 1/8/21? If so then what? Looking at them on the app all I can do is sell them now, as in Sell to Close?
Fuck I shouldn’t have bought these I got no idea WTF. I know what a call is but that is it.
Kevin Butler
>BB poomped silently after getting mentioned a few times in the main thread and then no one talking about it again fug
Aaron Powell
>Options profit calculator Do you have one for commodities futures?
Zachary Torres
To sell them yes, "sell to close" and use a limit price of whatever you want, but it'll sell at bid price if you use market rate.
Easton Jenkins
so how exactly does robinhood get away with not requiring 25k balance to trade options? i remember applying for options trading with vanguard a couple years ago, kept getting denied even though i had like ~30k deposited
Brayden Powell
Yeah you just hold and hope you at least break even on strike price + premium you paid. Otherwise, sell it again if its worth more now to run off with a small profit.
Jordan Ortiz
stop buying premium start selling it this is the main thread, you fuckers need to keep it alive unfortunately not, but tastyworks has a solid one robinhood is ok if you want to buy the underlying, otherwise for options its a no go
Logan Parker
>so how exactly does robinhood get away SHERIFF OF NOTTINGHAM DETECTED
Jeremiah Lopez
I have decided i will start selling weeklies here and there as well, for a gamma exposure , but only on SPY , never the actual underlying
Just sell at market bro. At least you have money for mcd and Doritos.
Cooper Butler
>this is the main thread, you fuckers need to keep it alive you know what I meant, kek owell, can't catch everything >but only on SPY some day I'd like to have 100 shares of SPY and to just sell calls on it every 2 days
Adam Jones
What do you guys think
U $125 / $130 Calls $3.10 breakeven
John Howard
1/1/2021 expiry, oops
Lincoln Rogers
yeah i see your point, but eventually you will be assigned and fucked over
Camden Sanchez
What about degiro?
Sebastian Johnson
aight what stock does everyone sell options on?
Blake Harris
cheapest euro broker, but you cant trade options there, i would not recommend as their platform also is very user unfriendly
Jackson Collins
high liquidity ONLY, SPY, APPL, TSLA (not recommended, that beast is wild) and a few more
Jaxon Rogers
wasn't there some formula you posted before for selling calls that will usually never get assigned, something like delta 0.20 or below hopefully by the time it does actually have that one random pump where it gets assigned I've already made enough money on selling calls up to that point + the change in the underlying up until then that it doesn't hurt so much and I can just wait for a dip to buy back in
Jackson White
yes fren, you sell 16-20 deltas, 45 DTE, and you manage them at 21 days , whether naked or covered
William Reyes
hmm. I'd only be able to sell on apple.
Kevin Wright
why only apple?
Camden Morales
because I cant afford anything else lol any other cheaper stocks to sell on?
Jack Ortiz
CLSK is a hidden gem for covered calls. Check out the premium. It is going to run this year so I think the best play would be to sell calls with relatively low dte with a close strike and just roll every time. Either way check it out anons.
Daniel Scott
BAC WFC BX TQQQ (9dte) ARKK
Brandon Kelly
SPY is cheap man what are you talking about? and significantly less volatile , its a hedge vehicle
James Brown
are you talking about naked calls? im thinking covered calls here. I only have about 15k to play with
