WE MADE THE FUCKING LIST. FUCK YEAHHH LETS GO BABYYYYY

DCAed into SPY for about a year. Average cost basis was 360ish.

Then I learned about options and well let’s say my net worth has become a tad bit more volatile to say the least lmao

Keyword there is “if”

I just have one question: puts or calls?

Yep I read your DD for the minutes and saw you only noted 1 bullish thing and 3 bearish things lol. Funny how we broke 400 still that day.

Like I said the market hears what the market wants to hear. It’ll be funny seeing how this Wednesday plays out.

His main comebacks are going to be “mixed signals” “strong labor market” “not enough evidence to slow down” “seeing some cooldowns” “economy is hot”. We’ve heard it all before all that matters is cpi and rate hike and everything is just noise imo.

that double top on SPY is going to bring it down to around 370 by Dec. 12.

When the cpi comes out and the fomc rate hike comes out we will either start a Santa rally or continue to fall down to 340.

The Jpow speech this Wednesday I believe has no real say because the data keeps coming out conflicting.

Don’t bet against America 🇺🇸

IT’S BOUTA BLOWWWWW

Woah woah woah there bud, I was still on the one where we buy high and sell low. You can’t keep switching it up like this.

Like I said, that was all the market’s money I didn’t lose my own money. I’ll be fine, thank you❤️

Funny part is that 90% was made this year so it’s more of a refund than actually losing my own money.

How does it feel to get attacked by the thing your kind created?

Btw to fix it just have it check for whitespace or new lines

Apple at 150 is a joke, I shoulda bought puts close to close today but I’m already down 90% this month due to this bullshit rally

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

Boo hoo, no risk no reward

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.

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