Stock Market Options, Calls, Puts, and Spreads.

[Doomsday]

Tell me more

Since I'm doing this strategy on "SNDL" currently, I will use that as an updated example from the discord.

Doomsday's Hamburger Straddle Explained:


-Purchase 100 shares of "SNDL" (0.50 a share for $50.00 total)
-Sell a 0.50 STRIKE PUT (0.15 PREM)
-Sell a 1.00 STRIKE CALL (0.10 PREM)

Say the stock goes to 0.75 a share, the 0.15 premium from the sold PUT lowers the
CB (cost basis) for the total amount of shares-- Which would make the CB for 100 shares of SNDL 0.35 a share. It would be as if I purchased 100 shares of SNDL for 35 cents instead of 50 cents. This is especially true if I get exercised on the sold PUT and am left with 200 shares, with a CB of around 35 cents. That would mean the stock would have to plummet under 35 cents before I start seeing any red, which is a great position to be in on a stock that trades sideways.

The sold CALL lowers the CB as well. If you take the 0.10 premium from the sold call and add it to the pot, you are left with 100 shares of SNDL for 0.25 a share as your CB-- half the current market value of the stock. That would leave you with a 2x stock flip out the gate if you sold immediately. Let's not also forget the increased value of the stock price per share if you decide to hold the stock. Of course, this is predicated on the stock trading sideways between 0.50-1.00 per share.

However, let's say the stock goes up to 1.25 per share. In that case, my 100 original shares is exercised for 1.00 a share with a cost basis of around 0.25, so essentially I receive 4 times what the stock was worth in my possession. Yes, there is a chance the stock can continue to moon beyond the exercised price. In that case, I still made a nice profit, plus I can also buy more shares at 1.25 and start the process over again. I can also buy back the option itself thereby keeping the shares, and rollover those gains into further lowering my CB as I sell the next calls and puts.

This is a great strategy to guarantee a solid CB for the stock you wish to own. It's also a great way to profit on a stock that's trading sideways and doesn't usually amount to much gains.

 

[humminbird]

Tell me more




Did you go with the premium or just the regular Twitter feed?

I use the regular Twitter feed it posts very frequently

 

[Human Torch]

Since I'm doing this strategy on "SNDL" currently, I will use that as an updated example from the discord.

Doomsday's Hamburger Straddle Explained:


-Purchase 100 shares of "SNDL" (0.50 a share for $50.00 total)
-Sell a 0.50 STRIKE PUT (0.15 PREM)
-Sell a 1.00 STRIKE CALL (0.10 PREM)

Say the stock goes to 0.75 a share, the 0.15 premium from the sold PUT lowers the
CB (cost basis) for the total amount of shares-- Which would make the CB for 100 shares of SNDL 0.35 a share. It would be as if I purchased 100 shares of SNDL for 35 cents instead of 50 cents. This is especially true if I get exercised on the sold PUT and am left with 200 shares, with a CB of around 35 cents. That would mean the stock would have to plummet under 35 cents before I start seeing any red, which is a great position to be in on a stock that trades sideways.

The sold CALL lowers the CB as well. If you take the 0.10 premium from the sold call and add it to the pot, you are left with 100 shares of SNDL for 0.25 a share as your CB-- half the current market value of the stock. That would leave you with a 2x stock flip out the gate if you sold immediately. Let's not also forget the increased value of the stock price per share if you decide to hold the stock. Of course, this is predicated on the stock trading sideways between 0.50-1.00 per share.

However, let's say the stock goes up to 1.25 per share. In that case, my 100 original shares is exercised for 1.00 a share with a cost basis of around 0.25, so essentially I receive 4 times what the stock was worth in my possession. Yes, there is a chance the stock can continue to moon beyond the exercised price. In that case, I still made a nice profit, plus I can also buy more shares at 1.25 and start the process over again. I can also buy back the option itself thereby keeping the shares, and rollover those gains into further lowering my CB as I sell the next calls and puts.

This is a great strategy to guarantee a solid CB for the stock you wish to own. It's also a great way to profit on a stock that's trading sideways and doesn't usually amount to much gains.

I use the regular Twitter feed it posts very frequently

To both of y’all

 

[Kyle C. Barker]

I have a $35 call for Fisker that expires January 15, 2021

Is this looking good brehs

In case it isn't, what should I do

What should I do about this brehs

 

[Mtt]

Her channel is fun to watch she exposed fake gurus stealing folks money and gives free gems don't agree with the astrology thing but she knowledgeable breaking things down while being on pretty

 

[MasterOfAllHeSurveyz]

I'm ThetaGang 'til I die. I collect premium on SPX using spreads and ICs three times a week (2DTE). On my ICs, I use single digit deltas to collect that cash.

 

[MasterOfAllHeSurveyz]

Collecting more cash.

 

[Macallik86]

Her channel is fun to watch she exposed fake gurus stealing folks money and gives free gems don't agree with the astrology thing but she knowledgeable breaking things down while being on pretty

Entertaining but I wouldn't trust her with my money. 80% of her videos are 'exposing gurus', 15% are promotional for her own course and 5% are actually trying to educate her audience. It is unlikely that the moon and the stars tell her when to buy/sell, but if that were the case, she isn't actually showing evidence that she knows how to teach and allow you to make $$$ on your own.

Also, she keeps claiming that everyone else is using fake brokers like MT4. The reason MT4 isn't very popular in the US is because forex trading is not popular in the US. Outside of the US, MT4 is the most popular trading software in the world, since forex is more popular and most reputable brokers include it so they don't have to build their own trading platform.

Lastly, she keeps saying people need to show they're wins by jumping on 'institutional' brokerages, but she doens't understand what institutional brokerage means because the ones she names that she uses (ThinkOrSwim, TastyTrade, eTrade) are all retail platforms. Institutional means that the institutions (ie: Goldman Sachs or Citibank) are using it and they sure as shyt aren't logging into ThinkOrSwim for their trades, as great as it is.

Edit

here is a channel that has occasional exposures but is more about the grind of consistent trading. She isn't trying to sell you anything either:

Spoiler

Another good channel is hers:

 

[TheBigBopper]

Since I'm doing this strategy on "SNDL" currently, I will use that as an updated example from the discord.

Doomsday's Hamburger Straddle Explained:


-Purchase 100 shares of "SNDL" (0.50 a share for $50.00 total)
-Sell a 0.50 STRIKE PUT (0.15 PREM)
-Sell a 1.00 STRIKE CALL (0.10 PREM)

Say the stock goes to 0.75 a share, the 0.15 premium from the sold PUT lowers the
CB (cost basis) for the total amount of shares-- Which would make the CB for 100 shares of SNDL 0.35 a share. It would be as if I purchased 100 shares of SNDL for 35 cents instead of 50 cents. This is especially true if I get exercised on the sold PUT and am left with 200 shares, with a CB of around 35 cents. That would mean the stock would have to plummet under 35 cents before I start seeing any red, which is a great position to be in on a stock that trades sideways.

The sold CALL lowers the CB as well. If you take the 0.10 premium from the sold call and add it to the pot, you are left with 100 shares of SNDL for 0.25 a share as your CB-- half the current market value of the stock. That would leave you with a 2x stock flip out the gate if you sold immediately. Let's not also forget the increased value of the stock price per share if you decide to hold the stock. Of course, this is predicated on the stock trading sideways between 0.50-1.00 per share.

However, let's say the stock goes up to 1.25 per share. In that case, my 100 original shares is exercised for 1.00 a share with a cost basis of around 0.25, so essentially I receive 4 times what the stock was worth in my possession. Yes, there is a chance the stock can continue to moon beyond the exercised price. In that case, I still made a nice profit, plus I can also buy more shares at 1.25 and start the process over again. I can also buy back the option itself thereby keeping the shares, and rollover those gains into further lowering my CB as I sell the next calls and puts.

This is a great strategy to guarantee a solid CB for the stock you wish to own. It's also a great way to profit on a stock that's trading sideways and doesn't usually amount to much gains.

this is called a covered straddle. More capital efficient tho to just do a call debit spread + short puts or short puts + diagonal call

 

[TheBigBopper]

Collecting more cash.

nikkas on here using tastytrades

im primarily thetagang too but recently been fukking with futures, poor man covered calls and synthetic longs. How’s your success been and how long you been doing theta gang?

 

[Swirv]

I'm ThetaGang 'til I die. I collect premium on SPX using spreads and ICs three times a week (2DTE). On my ICs, I use single digit deltas to collect that cash.

That consistent money.

 

[CreepyMcCreeperson]

How are y’all figuring out which options to buy?

 

[mrallgood]

How are y’all figuring out which options to buy?

Watch The Come Up Series on youtube....

 

[Mtt]

 

[Mtt]

Micro options
And micro futures

Entertaining but I wouldn't trust her with my money. 80% of her videos are 'exposing gurus', 15% are promotional for her own course and 5% are actually trying to educate her audience. It is unlikely that the moon and the stars tell her when to buy/sell, but if that were the case, she isn't actually showing evidence that she knows how to teach and allow you to make $$$ on your own.

Also, she keeps claiming that everyone else is using fake brokers like MT4. The reason MT4 isn't very popular in the US is because forex trading is not popular in the US. Outside of the US, MT4 is the most popular trading software in the world, since forex is more popular and most reputable brokers include it so they don't have to build their own trading platform.

Lastly, she keeps saying people need to show they're wins by jumping on 'institutional' brokerages, but she doens't understand what institutional brokerage means because the ones she names that she uses (ThinkOrSwim, TastyTrade, eTrade) are all retail platforms. Institutional means that the institutions (ie: Goldman Sachs or Citibank) are using it and they sure as shyt aren't logging into ThinkOrSwim for their trades, as great as it is.

Edit

here is a channel that has occasional exposures but is more about the grind of consistent trading. She isn't trying to sell you anything either:

Spoiler

Another good channel is hers:

Although he agree and that ks.for.the link of.the other sista. I'm watching her now,
Those forex folks she targets can simply show their trades minus the account. She broke down how they use deceptive tactics.
What I'm seeing here is that she does.her own trades but the whole astrology edge is more so confluence or.more.so.icimg on the cake supporting her analysis However it's a bit expensive her program and I just watch videos for cheap laughs but I totally see your point and I don't subscribe to he while subjective astrology strangeness to trading. I don't knock folks style but that's too much for.me to take. I'm a simple man. Lolol.

Yeh I would smash lol
On side note,


This dude.reviewing this (forex chick) ,"You too cute to be out here scamming"! Lololololllll