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So if you invested 50k you would return $12,500....is that why we are here? That ain't going to get you a (2008) Lambo anytime soon. :)

Lol they say it returns 25%. So what's 25% of 50,000 $12,500? That's a garbage return.

Yeah everybody says "you can't out perform the s&p" lol I out perform it every week. If you bought 100 shares at 500 you make 12500 if it goes up 25%....not worth the capital. Is my math wrong...been in the ☀️ all day.

Yes but that was just profit taking no? Hey do all brokers go off the theoretical price for pnl charts? Mine is calculating the value of an AUG9 IWM 200 CALL @ 7.18 when the bid is actually 5.99.

They always say basis points... I'm embarrassed to say I still have no idea what that means. Just goes to show you, you don't really have to understand anything to make money in this game...dumb money can make money being dumb.

Whoever said the sky was falling? This this was obviously a fill the gap situation...option call spreads were ridiculous because of it....just the ones that had a chance of being itm of course. Gentlemen, we are in a huge hamster wheel lol... IWM bid/ask spread shortly after open:

Technically though those prices showed no fear about the job market report...what changed over the weekend? :) It's like the US wasn't worried about it, then the rest of the world freaked out, so the US decided to freak out too lol.

That and bk. What opportunities though? If you bought an atm IWM AUG9 call right now, just eyeballing the chart you'd be lucky to see 204 by expiry and you'd be down -$613.52 Look at this bs...you can't even get theoretical price for aug7...just flatlines. Price has to hit green line by...

NEVER! Well I could have traded IWM which was an obvious choice, but my bank dropped tos so I don't trade 0dte without the tos active trader window to get in and out quickly. I mean they have something called a trade ladder but I'm not familiar with it, and anyway they restricted trading on MARA...

Something for sure. I was hoping to capitalize on the obvious bounce this morning but with the spreads and being out of capital I am a mere spectator. :)

I know forgot ibkr keeps the old prices up...my other broker wipes them out. How about the bs spread though?? lol btw pretty stupid that we can't get options prices and trade options in the pre-market. The market shouldn't close at all anymore...should be 24/7 like crypto...its so antiquated...

Total bs (IWM) AUG9 spread just where price is going to go lol...at 24 the spread is normal because they're like ya np...these ones will expire worthless. What a racket.

If it is a lagging indicator then how do you trade it? Pretty much just shows you what you missed. :)

That depends on your TA. There is a wealth of options knowledge around here but definitely nothing Elite when it comes to TA. I would try an EW forum...you may get 10 different interpretations but at least all of them would be correct. :)

Tao I can't read your reply. Anyway options prices are allowing for trend reversals so you guys apparently don't know shit...including D :) So you have the same volatility for atm calls/puts, but have a huge "Un-parity" with prices. What is causing the call options to be so expensive if...

Calls are insane right now...no fear.

AUG5 ATM SPY IWM

Sound a lot like Hari Seldon mathematics :)

I don't know if I've mentioned this yet but I do have a (2008) Lambo...so you don't need math or an edge to make money....or to outperform the professionals. You just need to be the one running into the burning building while everyone else flees. :) What your math model is demonstrating and...

You clearly aren't understanding the concept. This is the problem when you learn options math, but you don't have a fundamental understanding of how they work. Reaching a certain level means everything. The fact that you don't realize that speaks volumes. :) Having volatility clusters is a...