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  1. BlueWaterSailor

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    And it's not the house's job to give a shit about your "reasoning", or about your ideas of how the world should work. But you're welcome to keep trying your entitled idiocy until you're persona non grata everywhere; then you can sit at home and scream at the walls about "unfairness" and all your...
  2. BlueWaterSailor

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    Wow. World-shaking. When are the Guinness Book people coming to your house? This sounds like "what's wrong with robbing a liquor store? Look, I've got... $68.73 here! It's a WIN, I tell you!" You violated the rules you were told about ahead of time, and that you agreed you understood - and...
  3. BlueWaterSailor

    So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

    So... they warned you, and you lied by confirming that you would no longer do the trade they told you is unacceptable to them. But people should "stay away" because TT held you responsible for lying. Oddly, I've never had any problems with them due to "winning", and I've never heard of anyone...
  4. BlueWaterSailor

    Looking for a black swan trade in case Biden …

    If you have any reason to think The Big B is going to gag on an ice cream cone gone down the wrong pipe, just predict the date and go long vol instead. :)
  5. BlueWaterSailor

    Looking for a black swan trade in case Biden …

    Shorting vol after it happens, with a long enough tenor to include the election after it, seems like a reasonable bet.
  6. BlueWaterSailor

    Challenge

    That's some OLD slang; Rat Pack vintage or so, if I'm not mistaken.
  7. BlueWaterSailor

    Challenge

    Clearly, it wasn't clear - because that's not what I said. But hey, feel free to strip off all the context you want to make it come out the way that pleases you; since your ego is what's important here, service it to your heart's content. I'll note that I was quite specific in answering your...
  8. BlueWaterSailor

    Challenge

    Bruh... :D Get your cope on, baby. It's cold outside. (Just FYI, young man... I ain't buying your shit. Young as you are, you've got NO room to talk. Go puff on a coffin nail, have a big mug of extra-strong coffee, and watch a comedy on YouTube - "Dinner for One" with Freddy Frinton will do...
  9. BlueWaterSailor

    Challenge

    Before - whups, too late - OK, now that you got your panties in a wad: I wasn't mocking you. I was mocking the scam industry. Although if you feel like you need to make yourself a victim so that someone will feel pity for you, go ahead. I answered you. You failing to understand the answer is...
  10. BlueWaterSailor

    Challenge

    "BuTcOvErEdCaLLsArEsAfE" :D:D:D The key part that new traders don't get is that structure has, at best, ZERO expected value (less friction.) Screwing it up, whether on entry, execution, or risk management, turns that EV negative - possibly catastrophically so. If any "strategy" (structure) had...
  11. BlueWaterSailor

    Challenge

    Hey, brother! Nice to see ya! :) "Therefore"
  12. BlueWaterSailor

    Challenge

    It depends on the strategy I use. Not to be insulting, but you wouldn't understand most of them - and explaining the context in which I make my decisions about it would take a thick book. But most times, it involves either buying a wing to limit risk, or getting out of the trade at predefined...
  13. BlueWaterSailor

    Challenge

    [SIGH] Mathematically (look up "put-call parity"): C = P + S ∴ C - S = P Practically: If you're short a call against stock that cost you $100/share for $3, your exposure is $9.7k. If you short a put at the 100 strike for $3, your exposure is $9.7k.
  14. BlueWaterSailor

    Challenge

    The size of your position is your risk. If you're not doing any risk management, which is what I asked about, that's fine; the market will teach you whatever lessons it has in stock sooner rather than later, and you'll be charged full price for them. Truth to tell, I wasn't expecting much more...
  15. BlueWaterSailor

    Challenge

    I figured it might be something like CCs. :) Since a covered call is synthetically equivalent to a short put, "I don't do anything naked" is not much more than an attempt to reassure yourself. Your exposure is still the entire value of your stock less the call premium, unless you have some sort...
  16. BlueWaterSailor

    Challenge

    Since you don't say what "basic strategies" you're using, the questions would necessarily have to be general ones. How are you managing your risk? Where/how have you been caught out by unexpected problems, and how have you dealt with them?
  17. BlueWaterSailor

    A trading idea

    So you want to trade based on generalities, fear and ignorance of standard tools, and no ability to pick stocks - but want to focus on option strategies. Hint: changing the color of your screwdriver will not grant you the ability to design a nuclear power plant. Incidentally - I'm not trying...
  18. BlueWaterSailor

    A trading idea

    This isn't about "people"; this is about you. Nor is it about some random degree of growth, or you'd stick your money into T-bills, collect a positive return, and be happy. The question is, can you pick a stock that will beat the market with acceptable volatility, define exits at desired...
  19. BlueWaterSailor

    A trading idea

    So you think you can predict the movement of a stock by "researching" and "believing". Why don't you start by testing that, and letting us know how it goes? The strategy that you wrap around it afterwards is effectively immaterial.
  20. BlueWaterSailor

    How do I buy an option with a huge spread?

    Believe me, I didn't miss that. :)
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