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KoGamer01 t1_iwqrgaa wrote

buy shares, sell calls, use the premium to buy puts. Oil isn’t going away till next year so might as well ride this wave that I see coming

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seejarrick1 OP t1_iwriryw wrote

Teach me senpai… too complicated for my smooth brain. I’m just doing 1 trade at a time

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KoGamer01 t1_iwrkvlm wrote

You see, oil could go down in the short term and up in a longer timeframe. Buy shares to go long, sell OTM short dated calls to collect the most premium then use the premium to hedge your bet against your long by buying OTM long dated puts.

When oil goes down your shares price goes down you make money on selling the call and also make money on the long dated put.

Then when you think the price has gone down enough you sell the puts netting you a nice profit. Keep the entire premium of the calls you sold. And you can add more shares.

The risks include you have to sell your shares if the calls are exercised but since they’re OTM you still made money. The puts were bought with premium so it was never really your money you lost.

Also don’t come crying to me if you get fucked trading this as its NFA.

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seejarrick1 OP t1_iwrmk0e wrote

Dude how do I pm you? Looking to learn more about OTM options.

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KoGamer01 t1_iwrn7kr wrote

Just search oil options trading on YT. There are more vids on it there.

You got this, I belive in you young regard. Just know that 90% of retail traders lose money in the long run

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seejarrick1 OP t1_iwrmdvd wrote

I would cry. A lot. Alone. On the floor. Tucked into a ball.

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Dom_Male_35 t1_iwqfk9n wrote

Entry @ ?

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seejarrick1 OP t1_iwqfuxp wrote

Entered = $1.13 ; Exited = $1.45

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Dom_Male_35 t1_iwqg21x wrote

Thanks will try it out myself. I am gambling my last 100 bucks 😂😂😂 for the month.

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seejarrick1 OP t1_iwqkbkm wrote

Dudeeee no gambling pleaseeee. PM you.

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Dom_Male_35 t1_iwqkol3 wrote

Nah man I take calculated risks, but thanks though.

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H2KAllDay t1_iwqsl95 wrote

Sounds like you’ve been calculating yourself to 0

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Losstreet1 t1_iwqsogq wrote

Congratulations to you my degenerate buddy! Now pray for me so I can get all red for this stupid spy and cash out, and take a day break before getting into this market again.

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seejarrick1 OP t1_iwrjg85 wrote

Thanks degeneration X buddy! By the power of rah! I command your trade to be profitable 💰

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nlonoln t1_iwqtnzv wrote

Congrats sir guess it wasnt copium after all.

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seejarrick1 OP t1_iwrijm0 wrote

Thank you sir.. Learnt from my fair share of hopium in the crypto world. Now I’m here weeeeee

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daviddm23 t1_iwqr07k wrote

Nicely done, great job capturing profit.

1

seejarrick1 OP t1_iwriy0b wrote

Thanks David! Fingers crossed I do not give them profits back 😭

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