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Thread: ELON MUSK IS GOD

  1. #1501
    Plutonium sonatine's Avatar
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    so let me see if i get this...

    sell a call with .8 delta, buy 80 shares of stock:
    risk of theoretically unlimited loss in scale to price rise is now covered by holdings... = 0 net profit on price surge however i win time decay against buyers purchase price.
    stock trades sideways = time decay makes me money until expiration
    stock falls in price = i profit off time decay and whatever percent of the buyers principle is gone when they close out or expire

    how close to the mark am i here?
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Quote Originally Posted by sonatine View Post
    so let me see if i get this...

    sell a call with .8 delta, buy 80 shares of stock:
    risk of theoretically unlimited loss in scale to price rise is now covered by holdings... = 0 net profit on price surge however i win time decay against buyers purchase price.
    stock trades sideways = time decay makes me money until expiration
    stock falls in price = i profit off time decay and whatever percent of the buyers principle is gone when they close out or expire

    how close to the mark am i here?
    another piece of that puzzle is this...if stock trades sideways, time decay makes you money AND (in this environment) you make money off of selling stupidly expensive volatility as the volatility of the options craters...

    also another side of this is that the stock crashes and you lose more on the shares than you take in in options premium...that's always a possibility...

     
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      sonatine: fucking fantastic feedback, thank you

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    I should mention about the stock crashing part...

    you could/should roll your options down...

    this is a VERY VERY simplified example...

    lets say you sold a call at 100 and bought stock to cover the delta...as you are watching the stock starts to get bent over and goes to 80...you should be covering (meaning buying back) the 100 call, selling the 95 call, covering the 95 call, selling the 90 call and so on...so you stack your premium up to offset your long stock position going down...

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    Plutonium sonatine's Avatar
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    ugh never mind i misread.

    digesting.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by GambleBotsChafedPenis View Post
    I should mention about the stock crashing part...

    you could/should roll your options down...

    this is a VERY VERY simplified example...

    lets say you sold a call at 100 and bought stock to cover the delta...as you are watching the stock starts to get bent over and goes to 80...you should be covering (meaning buying back) the 100 call, selling the 95 call, covering the 95 call, selling the 90 call and so on...so you stack your premium up to offset your long stock position going down...
    Look, I don’t say a word about Druff gambling NBA either. I don’t judge.

    I just suggest you look at stuff like the RSI on your underlying. I am seeing 10% out there. The SnapBack (even if it’s just technical) is gonna cause whiplash (and some fatalities).

    I hope I’m fast enough that day

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    Plutonium sonatine's Avatar
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    someone sanity check this for me;

    selling puts is implicitly safer than selling calls because puts have a theoretical ceiling on loss (stock goes to zero)..
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Quote Originally Posted by sonatine View Post
    someone sanity check this for me;

    selling puts is implicitly safer than selling calls because puts have a theoretical ceiling on loss (stock goes to zero)..
    yup...

    I posted a few pages back...if you are looking to get long stock now is the perfect time to do so by selling puts...

    market is paying you a shitton of premium to take that risk...if you are comfortable getting long specific stocks 10-20% below the market right now selling this expensive premium into the market isn't a terrible strategy...

  8. #1508
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    Quote Originally Posted by GambleBotsChafedPenis View Post
    Quote Originally Posted by sonatine View Post
    someone sanity check this for me;

    selling puts is implicitly safer than selling calls because puts have a theoretical ceiling on loss (stock goes to zero)..
    yup...

    I posted a few pages back...if you are looking to get long stock now is the perfect time to do so by selling puts...

    market is paying you a shitton of premium to take that risk...if you are comfortable getting long specific stocks 10-20% below the market right now selling this expensive premium into the market isn't a terrible strategy...
    i remember that post but like i said, very little of the big picture for selling options has clicked for me so im backfilling. thank you.

    like basically i just didnt understand the important parts.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by GambleBotsChafedPenis View Post

    yup...

    I posted a few pages back...if you are looking to get long stock now is the perfect time to do so by selling puts...

    market is paying you a shitton of premium to take that risk...if you are comfortable getting long specific stocks 10-20% below the market right now selling this expensive premium into the market isn't a terrible strategy...
    i remember that post but like i said, very little of the big picture for selling options has clicked for me so im backfilling. thank you.
    all good man...all this shit is a process...it's made tougher when the actors in the play are shooting themselves in the dick and behaving irrationally like they are now...

     
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      sonatine: preach

  10. #1510
    Plutonium sonatine's Avatar
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    also i kinda feel compelled to keep scalping volatility until the market either drops through the floor properly or spy stabilizes above like 310.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  11. #1511
    Diamond Tellafriend's Avatar
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    good interview. had no idea peter thiel was a christian. go figure.



     
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      Sanlmar:

  12. #1512
    Plutonium Sanlmar's Avatar
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    I really need Facebook. I never saw this guy Remy or this video. Srslysirius needs to lawyer up.


    His first line is, “$14 trillion in debt but we ain’t got no qualms”

    I’m like, fuck when was this made? $14 trillion is like a wet dream. $23.5t now.

    I need to get out more.

    Trump can’t pay for votes like Bloomberg ... oh, wait .... in your face dems.... middle class & another corporate tax cut for EVERYONE

    HODL like a boss abrown




  13. #1513
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Tellafriend View Post
    good interview. had no idea peter thiel was a christian. go figure.


    I’ll listen later.

    That mofo (Palantir) just took down a billion dollar gov contract. Missed the golden IPO window but he never loses somehow.

    Meanwhile my defense stock triggered my sell stop. That’s un American. I loved RTN. I feel defenseless.

  14. #1514
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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  15. #1515
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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  16. #1516
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by sonatine View Post
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    What’s the mortality rate for idiot longs like me?

    Everyone bought into the close Friday. They must be punished. It’s the law

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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by sonatine View Post
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    What’s the mortality rate for idiot longs like me?

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    im sure powell will fix everything after the march 6 contracts expire.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  18. #1518
    Plutonium Sanlmar's Avatar
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    Now I know I’m fucked

    A Morgan Stanley Manager Who Sold Before Rout Says He’s Buying

  19. #1519
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Now I know I’m fucked

    A Morgan Stanley Manager Who Sold Before Rout Says He’s Buying

    in like 3 days, we dropped 10% from literally the highest the stock market has been in history and half the internet is 'buying the dip' and the other half are screaming for the fed to drop interest rates to 0.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  20. #1520
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Sanlmar View Post
    Now I know I’m fucked

    A Morgan Stanley Manager Who Sold Before Rout Says He’s Buying

    in like 3 days, we dropped 10% from literally the highest the stock market has been in history and half the internet is 'buying the dip' and the other half are screaming for the fed to drop interest rates to 0.
    That’s a Boolean or function

    If the Fed goes zero the casino will lose its effin mind. That’s like removing red from the roulette felt

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