current trades

[Litodude]

so today i closed my FEB 15 USO IC 20/22/14/11.5 ya it's a +1/-1 stdev IC (dem fuccen wings brah) and captured a fuckload of theta decay profits before closin early....considering opening up a 21/14 short straddle for mar on it since impvol so high atm but we'll see. everyone's eyes are on oil right now and hopefully it just chilld out for a month lol

also bought to close my DDD 34 call since already captured a fuckload of profit and it dropped like 4 points since i bought it a month ago

opened a long call on CSCO since today's earnings, we'll see if this directional play works in my favor (ned it above 28.41 by tomrrow) if not fuck itttt ayyy lmao

[gold stinger]

Re: current trades

I need a translator

[Litodude]

Re: current trades

month-to-month rolling short calls generate a net gain of 3% more than just a standard buy/hold strategy of broad-based index funds 68/95/99.7% of the time, depending on your risk tolerance and removing outlying black swan events.

[Litodude]

Re: current trades

seriosuly not one chit-chatter that understands financial derivatives sigh

[FF_rules]

Re: current trades

I swear you're just googling terms and putting them into sentences

[Litodude]

Re: current trades

no ur just retarded

[Arch0wl]

Re: current trades

feel bad about not keeping up with this, but I frankly don't have the disposable to make serious investments atm, and if I *did* have the disposable I'd just pay off student loans -- the elimination of which have a much higher ROI re: net worth

with that said

month-to-month rolling short calls generate a net gain of 3% more than just a standard buy/hold strategy of broad-based index funds 68/95/99.7% of the time

this is really impressive, at least to me.

[Litodude]

Re: current trades

right?

so you can make a synthetic position by simultaneously buying an at-the-money (ATM) call and selling an ATM put at price X for term Y (X being as close to the price of the actual underlying (say SPY @ 206) and Y being some far off date (say OCT15)). this position simulates actually owning the underlying stock, but for much less since you're only buying the price of the option contracts and not the underlying asset themselves.

with this synthetic position you can then do the aforementioned by writing(selling) an OTM call, month-to-month, around 45 days-to-expiration (DTE) and benefit from the accelerate theta decay as it approaches expiration. obvs you want a stock that has minimal vol and pick something like SPY (why i mentioned it) or qqqq or some other ETF that follows an index since it's harder to VAR an index than an individual stock

[Litodude]

Re: current trades

opened a long call on CSCO since today's earnings, we'll see if this directional play works in my favor (ned it above 28.41 by tomrrow) if not fuck itttt ayyy lmao

https://www.google.com/finance?cid=99624

suck me baby

[gold stinger]

Re: current trades

litodude confirmed for richest poster on FFR

so rich that people can't understand the secret language used by the top 1%.

[Litodude]

Re: current trades

it's funny how you mention that because there's actually a rule used by most brokerages that you have to have a minimum balance of 25k in your account in order to use some of the more capital generating trading strategies like naked puts and futures

if you're trading naked futures then it's like 125k lmao

[Litodude]

Re: current trades

trust me bro i came from nothing but personal financial awareness/management is key *****

[Litodude]

Re: current trades

it's funny how you mention that because there's actually a rule used by most brokerages that you have to have a minimum balance of 25k in your account in order to use some of the more capital generating trading strategies like naked puts and futures

if you're trading naked futures then it's like 125k lmao

they do this because those trades are considered unlimited risk and 1/20 times you're going to owe $5k on a trade that made 500

[Zapmeister]

Re: current trades

i just got rid of a small bunch of dogecoins i got two weeks back


i also traded a bunch of flappy bird coins a week before that even though i haven't played flappy bird in ages and even then i only played on the pc version and my high score was only 79


based on the successes of these two trades i think i should give up my masters degree and become a professional crypto swing trader

EDIT: in case it wasn't clear, there are supposed to be pictures in this post. sometimes when i load this page to see new posts one or both of them just don't show up. >.<

[Litodude]

Re: current trades

cryptocurrencies are a shot in the dark by a blind person and inane