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So if that short put is DITM do you still not consider it long stock? lets say DITM and delta at 98-99? expiration occurs end of the day? Cause it sounds like a covered call to me :) that friday.

No a short put = long stock short call. It is equivalent to a covered call. Shorting a put is a more efficient way of entering a long stock/short call equivalent position since you only initiate an opening trade VS two opening trades/twice the commission. If you sold puts on SPY you have a...

You are long stock. It is equivalent to a covered call. It is not a free cash deposit you have obligations to purchase stock at the strike price and if you enter a short put position you need to consider equivalent to being long stock and manage your risk accordingly. I treat my short put...

The problem is even having a probability of 40% on such trades is unlikely. Most likely I would lose my hard earned trading capital trying to play such trades. I actually made a similar win with a OTM call and made a 320% return. so 2 times in my trading career making such crazy return on small...

Simple Bitcoin is only worth what the next greater fool is willing to pay that is it. Bitcoins are generated out of thin air from mathematical construct. It is not derived from the value of anything. And these mathematical constructs can be created to infinity in parallel. This is why there are...

So what is the deal with these "Bitcoin Millionaires" who bought them for pennies or mined them and have 500-1000 or more bitcoins, why are they not cashing out. You would hear about all these 19-20 year olds sitting on millions and yet they still live in a dorm or the basement of their parents...

Shit you should be celebrating. if you got assigned and expired right ATM you got maximum squeeze out of that trade. Never assume anything with options you have to close out your position if you want to exit your obligations.

I Just need to figure out how to scale those 450% return trades :) I just need to figure out how to scale up these 450+% return trades. :) and become a billionaire. Probably easier to sell books and videos like all the other schmucks selling a system.

If you want to be short buying puts is the the way. Selling covered puts just means your long stock. If you do not want to be long the stock at the (strike price - premium) Then I would advice against such a trade. If I want to short for hedging purposes I go long puts. selling calls naked is...

#1 during your initial period taking huge leverage is a huge mistake. Why did you think that was a good idea? even now and I have been doing this for along time I don't take leveraged positions. You cant rush this, you have to take it slow and easy make small profits that compound over time...

So many idiots liquidated 401K's, took out everything they can from credit cards to buy a much bitcoin as possible during the peak when it was trading 10-20K. I was getting calls from people, and friends etc.. would ask me what do I think about investing in bitcoin. I told all of them do not do...

I am doing well, I have a couple of brokerage accounts to stay under SIPC. my trading is 100% SPY and options. I bought my neighbor out so now I have even more privacy and my own mancavehouse waterfront property :) My wife is happy since the original house can stay pristine and I can my own...

I should have bought more but I was just trying taking a small wager and it blew up quicker than I expected. So can I milk this 450% return for years and start writing books and making videos on how I can get 450% returns? I even put the proof so no one can say I am lying about my amazing...

You are recieving something in return, he gets cash and you get stock at an agreed strike price. If you wanted stock at the strike price the. You lost nothing, you made a transaction. You purchased stock at xyz price - premium. You make it sound like he paid out and got nothing in return, no he...

No.

Do you have an example of a well performing hedge fund over the last 15-20 years? Curious since you have your one hit wonders, people who then attract money like moths to a light and somehow they parlay that one time hit into milking people for years.

Thats how I did it.

LOL Ask HF managers collecting all those fees from the sheep who get sheared and keep coming back for more.

I always wonder why do people give these people money to gamble away? That would be like you giving a stranger 50K to fly over to Vegas and spend a week there. They get all the fun and action, you just get the empty bank account. I cannot figure out why people hand HF managers so much money to...

I wonder what the limit is for H&R Block software?