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Bitcoin will remain the king as long as there are crypto currencies...all these alt coins will come and go. The only reason 99% of them stick around is people are hoping they will get rich quick off them. At the end of the day it doesn't matter to bitcoin what coin becomes a currency as bitcoin...

It was at first but then it morphed into an asset class. Once again American xenophobia... :) It's a big world out there and Bitcoin adoption will continue to grow with or without the US. This way of thinking just reinforces the importance of decentralization. The genie is out of the bottle...

People need to start thinking of Bitcoin as digital real estate not as a currency.

The problem is that as soon as you convert BTC to another coin, or you use it to purchase something you create a tax event for Capital gains. This is why people are just hodling and not spending.

Those salaries are ridiculous...this is why I would never invest in stocks...or buy an IPO just to give them another payday. IPOs are basically a way to short retail.

Sold 3 FEB23 24 PUT @ .70 Fees were 2.07 Premium received was 207.93 83% was required capital. (300 * 24 = 7200 *.83 = 5976)

Yeah I think I tried that out before. Great work! However it uses Excel which requires a subscription, and at the end of the day its a calculator to add positions in your portfolio to, where I wanted a calculator to add to positions in my portfolio. No problem with inaccuracies, as you can see...

I don't know, it's the first trade I ever put on ibkr but they only charged the three bucks commission. That's it. I also needed to put 83% collateral because my account wasn't diversified for risk lol..but I can get that down to 50% probably if I just add more cash.

Why is the strike involved in the calc? If the strike was 100 then you'd get (100+.40) * 100 -.65 +.01 = $10,039? I just sold 3 CSP today on IBKR for .70 and received $207.93 instantly. I think strike minus the premium is used for margin requirements.

Yes only verticals. Could probably add calendars but I don't trade calendar spreads. This is mostly so I can integrate my positions automatically into the sheet and it will track it from then on. It's cool because the P/L chart now updates as the stock price changes.

Yes all of those...but only for same expiry. Also the theoretical P/L only works with singles, and spreads...not with 4 legs like Iron condors yet...those are just P/L @ expiry. The above screenshots are showing the P/L on April17 for options that have an expiry of May17...so showing profits 30...

No risk = No Lambo.

So I have been tinkering with my spreadsheet. I have always had a P&L chart for @ expiry, but wanted to have it track x days into the future. I first tried to do this using API/Imports etc but that can be unreliable if you are scraping, or costs money and at the time the data I was getting was...

I was like who's the OP lol.

I managed to get spreads to work! Just for those new to the topic, this is all being done within google sheets using only googlesheets formulas... no scripts, no API/importing of data. Here is the TOS MAY17 200/205 short call spread theoretical P/L if price is 195 on April.23 Here is...

Now???? LOL the time to go long was over a year ago.

I'm sure it's more accurate than using the moon as a trading signal. :) With Elliot wave for me it's's all about catching the corrections. Let the wave show you the trend and from there you can extrapolate the correction levels. I don't think I've ever bought a stock on the way up in my...

Elliott wave is the ultimate cycle. It's based on the Fibonacci sequence.

Interesting stuff. I have always noticed cycles in real estate, stocks, but even at the bar or grocery you will see the lineups cycle from busy to sparse...not just an average spread over time. Cycles are everywhere. This is why I trade using EW. :)

If we go by the chart we could be seeing .35 .40 cents by summer...so I think I am just going to load up on coin instead of margin...I always get antsy to take profits when I am paying overnight fees. Another interpretation has us back down to .06 around March so I'll just wait and see.