ELON TUSK IS GOD

Quote:

---

Originally Posted by verminaard

Quote:

---

Originally Posted by GambleBotsChafedPenis

all depends on your position size...if you are trading around in 1 lots then that $6-7 flat fee takes a huge bite outta your ass since your take profit target on your trade is probably gonna be like $50-200 a trade (huge range, obv, but gonna guess it's about right)...if you're trading like 50 lots that flat fee ain't gonna mean a ton in the grand scheme of things...

EDIT: trading is just like any other business...the more units you can spread your fixed cost over the better...if you're a BSD then yeah legging in is probably the right way to go...if you are just bobbing and weaving with a few contracts here and there, probably best to do it all at once...

---

When I option trade the fee is always $0.65-$0.70. Where are you getting the $6-$7 number from? Is that the margin account rate?

Also, my straddle bombed last night. Market went nowhere at all, which is pretty much worse case scenario. Sold the call at a tiny profit and hoping for market to go down so don't lose everything on the put. We move on.

---

haven't traded options in awhile, but TD used to have a flat rate of like $6-7 per options trade plus the $0.60-0.70 per contract options fee...

did they do away with the flat fee part of it?

Also, I have been trying a strategy with Draftkings that has worked so far with a small sample size. Basically whenever it gets to $41-$42 range buy a 3-5 day put, and wait for it to go down to $38-$39 range (or hopefully lower) and sell for profit.

Small sample size so far, bur so far for pretty much the entire month of June it seems when DraftKings hits the $41+ mark, it quickly goes back down (within a day).

I am 3/3 so far this month executing this strategy. I also have a $42 put I placed earlier today when it briefly hit that threshold that expires Friday.

Quote:

---

Originally Posted by GambleBotsChafedPenis

Quote:

---

Originally Posted by verminaard

When I option trade the fee is always $0.65-$0.70. Where are you getting the $6-$7 number from? Is that the margin account rate?

Also, my straddle bombed last night. Market went nowhere at all, which is pretty much worse case scenario. Sold the call at a tiny profit and hoping for market to go down so don't lose everything on the put. We move on.

---

haven't traded options in awhile, but TD used to have a flat rate of like $6-7 per options trade plus the $0.60-0.70 per contract options fee...

did they do away with the flat fee part of it?

---

Yeah. It appears they got rid of that fee. Just the $0.65-$0.70 fee.

Sonatine did you see enph today?

Quote:

---

Originally Posted by Tellafriend

Sonatine did you see enph today?

---

hah wowwwwwwwwwwwww no i had not seen this.


i had enph on a short list of eco stocks i wanted to be long on last year.


ngl this is hard to look at.

Quote:

---

Originally Posted by sonatine

Quote:

---

Originally Posted by sonatine

so... yeah the current suicide theory is that he probably did something like take 60k, leverage it up to a 180k naked put sale before the big dip on wed, maybe on TSLA something like that. that would account for the 700k loss.

there is another theory making the rounds however that he wasnt actually levered that much at all and that RH didnt actually update his proper leg balance (sometimes they do it day after expiration etc) and the kid just saw it and flipped out.

anyway for anyone reading this who finds themselves in a hole and cant see out it, just remember you can lits declare bankruptcy and start over in 7 years. its a thing.

---

https://www.marketwatch.com/story/fi...of2&yptr=yahoo

more deets.

---

https://www.forbes.com/sites/sergeik.../#738ec9835928



yeahhhh he didnt owe the money, the issue was that robinhood decided to implement wonky settlement times so they could save some money, essentially. but he saw the numbers on the screen and just totally lost it.

this is snowballing and people are demanding an sec investigation.

also lol wirecardaments

Quote:

---

Originally Posted by sonatine

Quote:

---

Originally Posted by Tellafriend

Sonatine did you see enph today?

---

hah wowwwwwwwwwwwww no i had not seen this.


i had enph on a short list of eco stocks i wanted to be long on last year.


ngl this is hard to look at.

---

i read more into it and the hit piece that was put out may just be that; so i took a stab and gobbled up some calls which could make me rich in the next week and could go bust. risk worth the reward imo.

premarket rising on news that 1.5 million new robinhood users are in the mix.

Quote:

---

Originally Posted by verminaard

Also, I have been trying a strategy with Draftkings that has worked so far with a small sample size. Basically whenever it gets to $41-$42 range buy a 3-5 day put, and wait for it to go down to $38-$39 range (or hopefully lower) and sell for profit.

Small sample size so far, bur so far for pretty much the entire month of June it seems when DraftKings hits the $41+ mark, it quickly goes back down (within a day).

I am 3/3 so far this month executing this strategy. I also have a $42 put I placed earlier today when it briefly hit that threshold that expires Friday.

---

Sold at $40 for a small profit when market opened. In 15 minutes already almost up to $42 again.

So 4/4 this month with this strategy. All small profits though, but better than losing almost every day like I was doing with the SPY moves.

Edit: Bought a 6/19 puts at $42. Back to the well again.

Quote:

---

Originally Posted by Tellafriend

Quote:

---

Originally Posted by sonatine

hah wowwwwwwwwwwwww no i had not seen this.


i had enph on a short list of eco stocks i wanted to be long on last year.


ngl this is hard to look at.

---

i read more into it and the hit piece that was put out may just be that; so i took a stab and gobbled up some calls which could make me rich in the next week and could go bust. risk worth the reward imo.

---

Wow, i nailed that !


:outright

i dont know which one of you just placed a $120k SPY strangle for Nov 20 but

https://66.media.tumblr.com/55497e14...8cp2o1_540.gif

Quote:

---

Originally Posted by Tellafriend

Quote:

---

Originally Posted by Tellafriend

i read more into it and the hit piece that was put out may just be that; so i took a stab and gobbled up some calls which could make me rich in the next week and could go bust. risk worth the reward imo.

---

Wow, i nailed that !


:outright

---

Did you sell them, or letting it ride?

Right here, we find out on index if we live or die

Die

htz suspended

Quote:

---

Originally Posted by sonatine

htz suspended

---

Their awesome idea to sell 500 milly in stock worth less than the paper it was printed on?

Or is there new info?

Quote:

---

Originally Posted by simpdog

Quote:

---

Originally Posted by sonatine

htz suspended

---

Their awesome idea to sell 500 milly in stock worth less than the paper it was printed on?

Or is there new info?

---

sec denied it either yesterday or day before

Quote:

---

Originally Posted by verminaard

Quote:

---

Originally Posted by Tellafriend

Wow, i nailed that !


:outright

---

Did you sell them, or letting it ride?

---

Sold my options held the stock. It was way too much $ way too fast. May dip my toe back in tomorrow if it doesn’t gap up. Jpm came to their defense today.

Wow.

Trump test positive?

I partook of the Wynn short this morning on strength as we discussed Tellafriend.

I am destroying lives on the SPY. Even raped badguy’s bookmaker trader. I feel sorry for him. Somebody should explain the diff between futures and cash

They sure pushed the futures for that first tick of the morning for the options expiration. I got 3150 SPY short everywhere I could get down.

Oh, what the hell.... while we are doing a brag post I caught long 2190

I’ll post some trade tix later.

Quote:

---

Originally Posted by Tellafriend

Quote:

---

Originally Posted by verminaard

Did you sell them, or letting it ride?

---

Sold my options held the stock. It was way too much $ way too fast. May dip my toe back in tomorrow if it doesn’t gap up. Jpm came to their defense today.

---

already pumped and dumped again this morning.

I have a 313 SPY put position that expires Monday 6/22 that is obviously doing well right now. So the million dollar question is whether I let it ride through the weekend.

Thoughts?

Quote:

---

Originally Posted by verminaard

Thoughts?

---

jesus was a black man from space.

I'll ask a (hopefully) easier question. When USO plummeted down I bought some USO calls for January 2021, that are at a small profit right now (breakeven is at ~$27). Anyone have any thoughts whether I should just close the position now, or let it ride out?

Anyone have any thoughts what price USO is going to be at by next January?

Quote:

---

Originally Posted by verminaard

I have a 313 SPY put position that expires Monday 6/22 that is obviously doing well right now. So the million dollar question is whether I let it ride through the weekend.

Thoughts?

---

I am so upset about letting most of the profit slip away I am just going to let it ride. At this point I fully expect some BS pump and dump fake vaccine news to cause the market to skyrocket and lose everything, but I am resigned to my fate.

Quote:

---

Originally Posted by verminaard

I'll ask a (hopefully) easier question. When USO plummeted down I bought some USO calls for January 2021, that are at a small profit right now (breakeven is at ~$27). Anyone have any thoughts whether I should just close the position now, or let it ride out?

Anyone have any thoughts what price USO is going to be at by next January?

---

CLOSE IT CLOSE IT CLOSE IT!!!!

those ETFs are garbage...you should read the USO prospectus...I believe that what they do is roll from front to second month contracts and keep the cycle going...

so in a really simple world lets say they held 1 contract at $100 per barrel in the front month and the second month contract was at $200...then when the time came to roll from front to second when the front futures expired they would only be able to by 0.5 contracts...and on and on and on and on...this negative roll yield keeps fucking with the price of the ETF (making it go lower), that's why it will never truly mirror the price of oil in the long-term...on a day-to-day basis I think it does a decent job, but as buy and hold it's AIDS...

I looked at this with the VXX...it's only great to "own" it for "long-term" when the back end is trading at a discount to the front end...

feel free to double check me on my factoids above, but if memory serves im at least on the right track...

Quote:

---

Originally Posted by GambleBotsChafedPenis

Quote:

---

Originally Posted by verminaard

I'll ask a (hopefully) easier question. When USO plummeted down I bought some USO calls for January 2021, that are at a small profit right now (breakeven is at ~$27). Anyone have any thoughts whether I should just close the position now, or let it ride out?

Anyone have any thoughts what price USO is going to be at by next January?

---

CLOSE IT CLOSE IT CLOSE IT!!!!

those ETFs are garbage...you should read the USO prospectus...I believe that what they do is roll from front to second month contracts and keep the cycle going...

so in a really simple world lets say they held 1 contract at $100 per barrel in the front month and the second month contract was at $200...then when the time came to roll from front to second when the front futures expired they would only be able to by 0.5 contracts...and on and on and on and on...this negative roll yield keeps fucking with the price of the ETF (making it go lower), that's why it will never truly mirror the price of oil in the long-term...on a day-to-day basis I think it does a decent job, but as buy and hold it's AIDS...

I looked at this with the VXX...it's only great to "own" it for "long-term" when the back end is trading at a discount to the front end...

feel free to double check me on my factoids above, but if memory serves im at least on the right track...

---

It did a reverse split, so the numbers dont really match up, but using the current number system it was consistently trading ~$90-100 for 4 years before the crash. So assuming everything eventually goes back to normal does it never go back to those levels and it is just stuck ~$25-30 forever???

Quote:

---

Originally Posted by verminaard

Quote:

---

Originally Posted by GambleBotsChafedPenis

CLOSE IT CLOSE IT CLOSE IT!!!!

those ETFs are garbage...you should read the USO prospectus...I believe that what they do is roll from front to second month contracts and keep the cycle going...

so in a really simple world lets say they held 1 contract at $100 per barrel in the front month and the second month contract was at $200...then when the time came to roll from front to second when the front futures expired they would only be able to by 0.5 contracts...and on and on and on and on...this negative roll yield keeps fucking with the price of the ETF (making it go lower), that's why it will never truly mirror the price of oil in the long-term...on a day-to-day basis I think it does a decent job, but as buy and hold it's AIDS...

I looked at this with the VXX...it's only great to "own" it for "long-term" when the back end is trading at a discount to the front end...

feel free to double check me on my factoids above, but if memory serves im at least on the right track...

---

It did a reverse split, so the numbers dont really match up, but using the current number system it was consistently trading ~$90-100 for 4 years before the crash. So assuming everything eventually goes back to normal does it never go back to those levels and it is just stuck ~$25-30 forever???

---

think about why it had to do a reverse split...because the negative roll yield (rollling from cheap to expensive over and over and over and over again) kept kicking it in the ass and taking the price lower and lower and lower and lower...

google USO and negative roll yield and I think you will find the answer that this thing is only a trading vehicle and not an investment...

There is no fucking way the story going around about the 20 year old (Who committed suicide) on Robin Hood having a 700k debt can be true. There has to be something where the 700k paper loss was covered by shares that hadn’t cleared yet.

If that’s true someone should have told the kid when you owe 70k the bank owns you, when you owe 700k you own the bank.

I know they had massive issues with this last year but I thought it was patched up. I just can’t see it. Too much of a liability for robin hood if that is the case

Quote:

---

Originally Posted by Daly

There is no fucking way the story going around about the 20 year old (Who committed suicide) on Robin Hood having a 700k debt can be true. There has to be something where the 700k paper loss was covered by shares that hadn’t cleared yet.

If that’s true someone should have told the kid when you owe 70k the bank owns you, when you owe 700k you own the bank.

I know they had massive issues with this last year but I thought it was patched up. I just can’t see it. Too much of a liability for robin hood if that is the case

---

im hearing a lot of people expressing similar sentiments but supposedly it was a glitch in their settlement system.

but honestly no one really seems to know what the fuck actually happened.

Tine is also very fat

gasp

Bro it's like 11 billion o clock on the least coast take ur trazodone and goto bed

Here you are analyzing the market while real savants are doing this


https://vm.tiktok.com/JJGpLfq/

Damn. Bought some DK puts at 42 this morning and sold it at 39.5, and it just keeps dropping. Looks like left a lot on the table.

Bummer.

Collect your prize Tellafriend.

Thank you so much for putting Wynn back on our radar. Got puts @ 91 last week. Think it was day after your post on a positive retracement.

Feels like you prolly had 95. $83 with a cinder block tied to its ankles

Advantage play.

CYDY that OTC stock I posted a while back traded up to $4.17 today. I posted at $2.80

So long as we’re all sucking our own dongs in this thread now I’ll say PTON is still god. Hit 55 today. Step you still long?

Quote:

---

Originally Posted by Sheesfaced

So long as we’re all sucking our own dongs in this thread now I’ll say PTON is still god. Hit 55 today. Step you still long?

---

Nah used the few percentage points I made from in and reinvested in cruise stocks which I cashed out before their recent dip.

Quote:

---

Originally Posted by Sheesfaced

So long as we’re all sucking our own dongs in this thread now I’ll say PTON is still god. Hit 55 today. Step you still long?

---

You guys talked me out of shorting PTON. That would have stung.