Submitted by seejarrick1 t3_yxu067 in wallstreetbets
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VisualMod t1_iwqeyge wrote
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Dom_Male_35 t1_iwqfk9n wrote
Entry @ ?
seejarrick1 OP t1_iwqfuxp wrote
Entered = $1.13 ; Exited = $1.45
seejarrick1 OP t1_iwqg11r wrote
Looking to get back in @1.26
Dom_Male_35 t1_iwqg21x wrote
Thanks will try it out myself. I am gambling my last 100 bucks 😂😂😂 for the month.
seejarrick1 OP t1_iwqkbkm wrote
Dudeeee no gambling pleaseeee. PM you.
Dom_Male_35 t1_iwqkol3 wrote
Nah man I take calculated risks, but thanks though.
H2KAllDay t1_iwqsl95 wrote
Sounds like you’ve been calculating yourself to 0
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.
Dom_Male_35 t1_iwqstp2 wrote
Nah it’s margin called what I look for 😂
ratjar777 t1_iwqtair wrote
seejarrick1 OP t1_iwrijm0 wrote
Thank you sir.. Learnt from my fair share of hopium in the crypto world. Now I’m here weeeeee
seejarrick1 OP t1_iwriryw wrote
Teach me senpai… too complicated for my smooth brain. I’m just doing 1 trade at a time
seejarrick1 OP t1_iwriy0b wrote
Thanks David! Fingers crossed I do not give them profits back 😭
seejarrick1 OP t1_iwrjg85 wrote
Thanks degeneration X buddy! By the power of rah! I command your trade to be profitable 💰
seejarrick1 OP t1_iwrjjqj wrote
Is that porn?
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.
seejarrick1 OP t1_iwrmdvd wrote
I would cry. A lot. Alone. On the floor. Tucked into a ball.
seejarrick1 OP t1_iwrmk0e wrote
Dude how do I pm you? Looking to learn more about OTM options.
KoGamer01 t1_iwrmmms wrote
Boo hoo, no risk no reward
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
seejarrick1 OP t1_iwrsqbn wrote
Will keep that in mind 🙌
Background_Sir_8977 t1_iwrxh5h wrote
Did he sell puts?
seejarrick1 OP t1_iws1kyr wrote
No idea about him… but I bought puts
ratjar777 t1_iwstn7t wrote
No, but if you want link. Joking, here is the app to download airline
seejarrick1 OP t1_iwuvfuk wrote
Thanks amiga 🙏
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