Is all the traffic why captcha is so fucked here lately? Usually I have zero issues but the last few days I've been getting absolutely buttfucked by them, having to fill out literally 10-20 captchas (correctly) before one takes or getting fading ones that take a fucking minute and a half to run out of bicycles
Nathan Ross
Is tomorrow the pump and Tuesday the river of red?
Ryan Hall
I guess I'm just waiting for a green day to buy puts now. How exactly does selling work once you're in the money? (Never bought options before)
Caleb Bell
>futures -4% I'm thinking no.
Andrew Jackson
We need some photoshop anons to make some new bobos. We are all recycling the ones from crypto crashes.
You sell the contract for more than you bought it for there's really not much to it. You could exercise it if you want to, but there's really no need, the exercise value is built into the price of the contract itself.
Noah Morales
You dont need to be in the money to make money selling options most of mine I sell arent in the money
Brandon Bell
how fucked is China really?
Nathaniel Baker
So how far can we go down now that we're not getting trumpbux in april? Enough to hit the 3rd breaker?
>China is epicenter >3rd world shit hole >people literally eat anything >everyone smokes >pollution everywhere >lots of shitty medicine >retarded dirty people Just compare to Italy. There are millions dead in China.
Depends on the circumstance, usually you'll get slightly less selling it than if you exercised it. The whole point of them is if you have a lot of, for example, SPY and you want insurance on it dropping, you buy a put at some price where you want to guarantee you'll be able to sell it so you don't lose more money than you're comfortable with. If you don't actually own SPY, to exercise it you'll have to buy the SPY, then exercise, or you could just sell it to some SPY bagholder instead and let him save at least a little dignity.
Landon Murphy
lol what's the story behind the caption?
Gabriel Perry
I was thinking a Bobo sitting smugly on a barrel of oil as a Bill tries desperately to escape.
David Parker
Yes, if it's in the money, you generally make more than the exercise price. The value of an option can be broken into two parts, the time value and the intrinsic value. The intrinsic value is the money you would get if you exercised it, so it only really applies to in-the-money options. The time value is a measure of the potential of the option to be worth more in the future, and is always positive and decreasing with time. This is the part that is affected by IV. When you sell an option before expiration, you get the intrinsic value + the time value, which for an ITM option is always greater than just the exercise value. yes, the premium you pay for the contract is all you can lose when buying an option.
Lucas Jenkins
HOW LONG SHOULD THIS COVID SHIT GO ON FRENS WHEN/WHERE SHOULD I INVEST WHERES THE BOTTOM I DONT WANT TO FOMO AND INVEST TOO LATE
I COULD'VE FUCKING SHORTED ON FRIDAY BUT BIZ TOLD ME NEVER TO HOLD OVER THE WEEKEND AND IF EVERYONE THINKS THE MARKET WILL GO DOWN IT'LL GO UP FUCK THIS GAY EARTH
People talk about vega hedging call options with VIX puts, but I feel like this just double fucks you over if your bet goes wrong. Why not just do a credit spread?
>When you sell an option before expiration, you get the intrinsic value + the time value, which for an ITM option is always greater than just the exercise value. Keep in mind this is only for very liquid markets for that option. For indexes that shouldn't be a problem but for certain stocks it might be. Remember, a thing is only every worth what it's buyer will pay for it. t. some dude in Civ 5
Isaiah Kelly
>tfw enough food and water stocked up for a year >tfw working remote as software engineer, will just order groceries while I can and decontaminate the shit with UV so my emergency stash lasts longer >tfw healthy with strong immune system and top tier insurance if I get the virus but dont plan on leaving house >tfw several guns and ammunition >tfw live out in a rural area >tfw don't mind killing myself if things are completely fucked
Inb4 biz tells you how dumb you are for listening to biz (but really anyone ever)
Jason Lopez
how long for my entire RH portfolio to transfer over to my TD Ameritrade account? I got fed up with RH's bullshit. It's been 5 business days I've heard nothing.
Henry Smith
Idk why this is so confusing to me. So unless the price of lets just say SPY goes way under the strike price, I should just sell the contract instead of exercising. But lets say you go WAY into the money, I should exercise?
Brayden King
Those cheeky fucks, they didn't leave any room to add more zeros to that 500M number.
Jace Allen
Yas Forums is a bunch of boomers and pajeets like 70% of /smg/ still only buys and sells shares outright.
What guns you got senpai, only have a 1911 myself so far but I have an AR plus scope on the way.
Michael Foster
Fuck, I regret not buying any options or SQQQ on Friday. What are some moves I could make to take advantage of tomorrow?
Levi Williams
Just calculate out what will get you the most money based on what bids for your option are and expected return from exercising (ie, buying a bunch of SPY and then exercising).
Personally I sell all my options once they net a certain percentage return and then recycle the gains into new options. I'm not trying to maximize gains on each option, I'm trying to maintain a 100% win streak. In the long run I think that makes more money. I've never held an ITM option.
Josiah Gray
yeah me and my prepper mom are absolutely stocked and locked. have a fucking airlock with a highly chlorinated hot tub for decontamination and just wipe everything down from outside with a hard bleach solution before it comes inside
ACATS usually takes about 1-2 weeks for everything to move over, maybe longer depending how busy it is. RH support is dogshit, though TDA has horrible wait times as well. Do note you're going to get charged a fee from RH if you initiate the transfer though, ain't free.
Jayden White
Tomorrow will be green, guys.
Brayden Kelly
>tfw NOVA chad FUCK
Dylan Powell
it is not possible to store enough water for a year. the plastic degrades and taints the water dipshit.
Angel Gutierrez
Shorting is the only way to make money in the stock market now. Shorting literally is the new paradigm of investing. All my neighbors and coworkers are shorting the market and we are all making a lot of money together shorting the SPY and longing puts. I’m really popular now among my friends because I’m making so much money from shorting the market, a lot of them are making accounts on Robinhood now because of me. I can’t wait for this bear market to continue for the next 5 years until I have enough money from shorting to buy a house and hopefully a nice car. Shorting is the best guaranteed way to make money in the long term.
Sebastian Nelson
So time to buy more puts
Dominic King
Are you serious? You didn’t buy any did you? Next thing you’re gonna say you bought SNSS lmao
Carter Harris
I look at what's cheap, usually I go down to where a put is selling for less than a dollar, around the 0.75-0.99 range, and buy that and hold it. Algos will come along as the price of the underlying security drops and brings them closer to ITM and bid up the price, then I sell. I fucked myself last week with calls some I'm done with those. As for timing, I was sticking with 2 weeks out but I think crab season is coming so I'm expanding out to a month to three months out this week and buying sensible options even if they cost more up front. So more in the $3-$10 dollar range for a put. We've still got plenty of room to fall but I don't think I'll make any bets that we go below DOW 10k levels even at the lowest.
Brayden Evans
I tried to find VIX on RH to no avail.
Any advice user? I want to buy some puts on it as well.
Jackson Bell
Cope harder bullfag. Short down, long up. Simple as.
There is canned water specifically for this... luckily had an earthquake kit ready to go.
Sebastian Bennett
TVIX nigga. That's how you really make/lose money
Carson Flores
Nice bait bro.
Joshua Campbell
holy shit glad i haven't initiated yet, i was told it could probably be done in 3 days when i asked a td service rep but it sounds like it's taking much longr
Logan Taylor
Based
Michael Cox
Where?
>woodbridgefag here
Xavier Murphy
VIX is a measure on the volatility you idiot.
Zachary Jackson
Agh. Man the FOMO is real, I guess I'll be patient, I'm not working with much in the first place. I did some shopping around and the premiums for puts are insane.
Luis Diaz
Any short term puts for a beginner right now?
Jonathan Garcia
what do you make from 1 dollar puts, that doesn't sound worthwhile
Anthony Cooper
Yeah so you cant trade it then?
There is no VIX stock ticker
Daniel Young
Huh. Think I’ll transfer funds back to Wells Fargo now, so I can transfer to TDA later. Probably quicker.
Might just call TDA right now. How much do I need tontransfer to get free money?
>how can I buy VIX >how do I short the travel industry Agreed. Less tripfags tho which is nice.
Nicholas Bennett
Really all you need is a shotgun. Having a perfect aim is not a requirement. Get a few slugs. Survival of your target is pretty much zip. or a few buckshot shells.
