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  1. W

    Why are options so expensive compared to home insurance?

    NOV17 175 calls @ 5.80 & 165 P @ 3.65
  2. W

    Why are options so expensive compared to home insurance?

    Ok sure that protects the down side by limiting the upside. BTW why are 1 otm calls worth more than 1 otm puts?
  3. W

    Why are options so expensive compared to home insurance?

    So if AAPL goes up you gain from the long stock but you lose on the short calls and long puts. And if AAPL goes down you lose on the long stock, but you gain on the long puts and short calls. So you stand to lose nothing, but you also stand to gain nothing and this is costing you a debit every...
  4. W

    What are your trading habits?

    When did I say they are bad?
  5. W

    Why are options so expensive compared to home insurance?

    Yeah but whats the point of hedging? All this does is remove any chance of profits. Why even own the stock? It would be like home insurance negating any future capital gains in the property. Regardless from my calculation that would be selling an atm oct27 call, and buying the same put which...
  6. W

    Why are options so expensive compared to home insurance?

    So $500 for 3 days of insurance? 365/3=122*500=60,833
  7. W

    Why are options so expensive compared to home insurance?

    This is the crux of it. What is the cause of the volatility? It's artificial. I mean you don't check how much your house has gone up or down in the past week...the insurance also doesn't adjust for it either. The people offering the "insurance" in stocks have a stake in the market itself. It...
  8. W

    Why are options so expensive compared to home insurance?

    Yeah that would be like saying you can insure your house but it won't increase in value while you have insurance.
  9. W

    0DTE options craze

    Lol $24.50 to be exact. :) If a total scam, how are they still around since 2017? I will let you know about cashing out. I see you can choose cash or crypto.
  10. W

    0DTE options craze

    Just made the $20 on a $25 trade in 4 minutes...and I'm still just testing things out. This time I tried the "Pending order" where you can setup limit orders. I picked a level I wanted to enter the trade, and then selected the minimum payout I wanted so put that at 60% (it paid out 80% but can...
  11. W

    Why are options so expensive compared to home insurance?

    You're not wrong. It could be very lucrative. I will sit on this idea until I see someone else become a billionarre from it. https://www.investopedia.com/ask/answers/are-my-investments-insured/ Looks like you are insured for broker insolvency but I can't find any third party investment insurance.
  12. W

    Why are options so expensive compared to home insurance?

    It should be a flat rate like with home insurance. The risk is no different than home insurance risks.
  13. W

    Why are options so expensive compared to home insurance?

    ? to protect a 500k AAPL position for 1 year (sep2024 put), you would need 5000 contracts*.59 delta=2950 contracts x 21 per contract = $61,950
  14. W

    What are your trading habits?

    I average down and take on huge losses for large amounts of time. I put 100% of my portfolio in one stock. I never use stops or if I do I never obey them. I impulse trade. I revenge trade. I over trade. I over size.
  15. W

    IBKR Event trading

    Unfortunately IKBR doesn't allow "even trading" in Canada, so I have switched over to another platform for binary. So far I have a 100% win rate! 1 $10 trade and I made $4.50 in 10 minutes...that's a plumbers wage. :) I like the idea that I have no stops and I can't tinker with the trade once I...
  16. W

    Why are options so expensive compared to home insurance?

    It costs about $1200 per year to protect a $500k home so why does it cost 62k to protect a 500k stock position? 500k in AAPL =5000 ATM Sep2024 put contracts @ .59 delta = 2950 put contracts @ $21= $61,950 ???
  17. W

    0DTE options craze

    https://www.binaryoptions.com/broker/pocket-option/how-does-pocket-option-earn-money/ https://tradersunion.com/ratings/binary/common/ It must be sustainable since they've been around since 2017. It makes sense the losers payout the winners and pocket options "pockets" the remaining. Now I...
  18. W

    0DTE options craze

    Stock trade even better...TSLA is a 92% payout.
  19. W

    The problem is to choose: Ethereum or BTC

    Nothing! It's a defined risk trade. If you average it out, you have probably left more profits on the table getting stopped out early than you have saved from losses. If you are a value investor and turned those stop losses into buy orders then you too might end up with a Lotus in your garage. :)
  20. W

    The problem is to choose: Ethereum or BTC

    OMG this is like shooting fish in a barrel! This is awesome! I just made $4.50 in 10 minutes on a test trade. Next one will be x50 or x100. The best part is once you make the trade you are in it for the duration. You can't put a stop loss or panic sell :)
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