Just sold 1 AMZN October 21, 2022 put 109 strike price

[cesfx]

"...on a call it $109 investment" strongly implies that he's not.

But the calculation when using $109 appears to be on $2.99
Even the hypothetical 142% he talks about is forecasted on year.
If he thought it was 1share of $109 nominal, he would have mentioned 142% return per week, I guess.
Then anything is possible.

 

[BlueWaterSailor]

But the calculation when using $109 appears to be on $2.99
Even the hypothetical 142% he talks about is forecasted on year.
If he thought it was 1share of $109 nominal, he would have mentioned 142% return per week, I guess.
Then anything is possible.

By Jove, Watson - you've struck the nail on the head! "Anything is possible" is an excellent description of... whatever all that stuff was.

It's confusing, any way you read it. I may have just picked the lesser of two evils without thinking about it.

 

[taowave]

What a brutal read ....

5 minutes of my life I will never get back

 

[SoyUnGanador]

Damn, that was SO money in the bank. Can't wait until Friday to take in another ~$300.

And yes I understand the very basics of options LOL.

 

[SoyUnGanador]

Just ran some back-testing on this. I should be making about 59% a year doing this on average over the long term. Nice little ROI there LOL....

 

[destriero]

I have an arb paying $320K this Friday and it adds BP to my account. Volshift of -800 and a credit tail. Please stop using ROI figures on your r*tarded fantasy sht.

I'd have traded it bigger but I traded it nearly flat.

 

[SoyUnGanador]

Well, that ROI might be wrong. The return aspect of it is correct, but not sure the denominator aspect is correct. Will try and come up with a better number.

 

[SoyUnGanador]

I have an arb paying $320K this Friday and it adds BP to my account. Volshift of -800 and a credit tail. Please stop using ROI figures on your r*tarded fantasy sht.

I'd have traded it bigger but I traded it nearly flat.

LOL, you are so far over my head I cannot follow. But it sounds like you are about to make a bunch of money, congratulations on that! Meanwhile I'm taking baby steps haha.

 

[destriero]

I am stating that it's really bad form to extrapolate a trade's ROI in perpetuity. You were in a 60D bull position. There are too many moving parts and it's absurd to do it (ROI extrapolation).

 

[SoyUnGanador]

I am stating that it's really bad form to extrapolate a trade's ROI in perpetuity. You were in a 60D bull position. There are too many moving parts and it's absurd to do it (ROI extrapolation).

Oh I agree 100%. I'm doing back-testing, trying to anyways. But I agree one cannot rely on that, its just for fun really. I really plan on selling call it just 1 option each week over the course of the year to see the results.