Boiler Room: The Official Stock Market Discussion

Joined
May 1, 2012
Messages
188,375
Reputation
24,612
Daps
610,586
Reppin
49ers..Braves..Celtics
:ohhh:

Thats genius. I had no idea thats how options worked. I may just take profits before eoy on that position and get a contract off of it for a year off.


So say you buy a contract for 20 that ends 1/23. And it goes to 50 5 months before that. Are you able yo sell/buy the contract at that 50 price?


the risk is if the price ain't what you expected in a year the option would be worthless and you'd lose your money. With shares you have them until you want to sell.
 

mr. smoke weed

Smoke Album Done......Wait n See #SmokeSquad
Resting in Peace
Joined
May 1, 2012
Messages
27,313
Reputation
3,840
Daps
52,075
Reppin
Chi
:ohhh:

Thats genius. I had no idea thats how options worked. I may just take profits before eoy on that position and get a contract off of it for a year off.


So say you buy a contract for 20 that ends 1/23. And it goes to 50 5 months before that. Are you able yo sell/buy the contract at that 50 price?
Nah if you exercise it (which requires a lot of capital typically), you pay the strike price so 100x20 for $2000+whatever the premium was...let's say 200. So you pay $2200, and can sell it for $5000. Whereas you may be able to sell the contract alone for like $1200.

Edit: you can also lose your ass rather quickly with options. Be wise.
 

Rekkapryde

GT, LWO, 49ERS, BRAVES, HAWKS, N4O...yeah UMAD!
Supporter
Joined
May 1, 2012
Messages
153,000
Reputation
28,869
Daps
516,814
Reppin
TYRONE GA!
Tesla gang :wow:



We are going to the MOON on Monday. Tesla to 1k imminent. 1 Million cars delivered this year is in play. That would be 100% YoY growth:mjgrin:

Wall St est 172 for Q1


PracticalFlakyJabiru-max-1mb.gif


Did my part with one of those deliveries!!! :blessed:
 

Da_Eggman

Can't trust every face you gotta watch em
Supporter
Joined
May 1, 2012
Messages
55,451
Reputation
3,278
Daps
130,751
Reppin
So-Fla
Meet Kevin saying they offered him to take over for Cramer
 

Deafheaven

Gleaming and Empty
Supporter
Joined
May 11, 2012
Messages
22,832
Reputation
3,250
Daps
67,361
He really did come from nothing. His episode of millennial money is a good watch.

he milks content and sells classes but he makes like 5 million a year doing it.


I aint giving that dude a click and fukking up my algorithm with him and the rest of his rich white middle aged guy peddler bullshyt breh. Why the fukk would I want to know how he lives on 100 times my salary :mjlol:
 
Last edited:

mr. smoke weed

Smoke Album Done......Wait n See #SmokeSquad
Resting in Peace
Joined
May 1, 2012
Messages
27,313
Reputation
3,840
Daps
52,075
Reppin
Chi
My $450 SPY calls for September 2022 are looking GREAT now.
At the rate I'm going, my eTrade account might hit its all time high next week.
Holy shyt $450 leaps on SPY? Ballsy. What'd they cost vs what they worth?
 

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
46,817
Reputation
3,944
Daps
70,936
Reppin
Michigan
I aint giving that dude a click and fukking up my algorithm with him and the rest of his rich white middle aged guy peddler bullshyt breh. Why the fukk would I want to know how he lives on 100 times my salary :mjlol:
I guess I find it fascinating to see people come up from nothing.
 

KalKal

Superstar
Joined
Aug 23, 2014
Messages
6,032
Reputation
1,105
Daps
16,291
Reppin
No Whammies!!
Holy shyt $450 leaps on SPY? Ballsy. What'd they cost vs what they worth?

They were 13.79 when I bought them back on 2/8. Now, the last price Thursday afternoon was 12.10.
So, when I say they're doing "great", I'm still not even. But they're doing much better than last week.

For it to break even, I need SPY to go up about 16% in the next year and a half. If COVID doesn't surge back I expect that won't be a problem.
 
Top