Boiler Room: The Official Stock Market Discussion

Rickdogg44

Rickdogg44

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dora_da_destroyer said:
how much money are you making on options - like return %? how often you actively doing stuff...yall options cats seem like you need to be logged in all day every day
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I buy to close them with 90% profit or get assigned and wheel it back on covered calls.

That is only on good stocks.

I lost trying to do that on meme/ high growth bs shyt :to:

Example- I sold $150 Apple next Friday expiration for $61 premium today. I'll buy back for $5 within next 7 days (set a limit to buy with schwab) so it's automatic=forgetabout it. Or get assigned Apple at $150 which I'm fine with. Not that time extensive


AAPL 12/10/2021 150.00 P
 
Rickdogg44

Rickdogg44

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Panther said:
I can't fukk with the short term options, dont need that kinda stress right now
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Yeh typically do 30-45 days out on my CSP... but Apple is Apple

Plus sometimes I'm impatient lololol

Edit: buying is a different story...stress me out too but that is the fast money... but risky :to:
 
Gilly

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dora_da_destroyer said:
how much money are you making on options - like return %? how often you actively doing stuff...yall options cats seem like you need to be logged in all day every day
Click to expand...

you gotta be attentive if you're holding weeklies.. a month out or more is pretty safe.. easier to buy far OTM far expiry AAPL for $90 at the time.. then buying 1 share for 150. that same move it yesterday had my 12/17 at 1200% before the crash so it was worth over 1200.. as opposed to making 15 dollars profit off the share.

also try to buy atleast 2... shyt may pop one day and 100%.. sell half ur contracts.. the other half can ride for "free" the remainder of expiry. shyts been working for me these last couple months
 
Rickdogg44

Rickdogg44

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Gilly said:
you gotta be attentive if you're holding weeklies.. a month out or more is pretty safe.. easier to buy far OTM far expiry AAPL for $90 at the time.. then buying 1 share for 150. that same move it yesterday had my 12/17 at 1200% before the crash so it was worth over 1200.. as opposed to making 15 dollars profit off the share.

also try to buy atleast 2... shyt may pop one day and 100%.. sell half ur contracts.. the other half can ride for "free" the remainder of expiry. shyts been working for me these last couple months
Click to expand...
Just so everyone is clear... you are buying options. I'm selling. :mjgrin:

That fast money on buying options is too addicting sometimes so ... I do a couple every now and then... :to: Those losses also :sadcam::scust:
 
Gilly

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Rickdogg44 said:
Just so everyone is clear... you are buying options. I'm selling. :mjgrin:

That fast money on buying options is too addicting sometimes so ... I do a couple every now and then... :to: Those losses also :sadcam::scust:
Click to expand...

I do both.. mainly buying though.. that AAPL/MU for instance.. once the contracts got close or ITM u can sell shorter dated calls against it (poor mans covered call), or just buy puts to hedge your long position..

rode apple to 170.. sold calls/buy puts somewhere near "top".. collect premium or ride puts down.. cash out puts/buy sold call back for profit.. rinse/repeat lol
 
FaTaL

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i have a question for the coli stock market brehs

if you were the ceo for roku, how would you reinvent the company?
 
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