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Stonks enjoyers on suicide watch
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@Xenophon @JulioReich @Terry There's multiple ways to use them. The average person can simply use them instead of buying a lot of shares and get an amplified return/loss. In general, covered calls are as close to "free wins" as you can get in the investment world. You become the house in the casino on a covered call.
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calls and puts are great trading tools if you use them correctly, responsibly, and/or are a very good trader. But for the average person it's just a vehicle to lose your money faster. It's like betting snake eyes instead of the pass line
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>Imagine being suicidal over your stonks being higher than they were years ago
This is not at all what happened. These guys are not boomer investors. They are millennial gamblers. They are like the "day traders" from the dotcom bubble. It would not be surprising if most of them lost 90% or more of whatever they had allocated to "trade fulltime" because they quit there job since stonks only go up.
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@Xenophon @JulioReich a jewish guy I used to work with at the Insurance brokerage was big on calls and puts. He must be having a panic attack right now.
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@Terry >Imagine being suicidal over your stonks being higher than they were years ago
It's like richers only live in the moment and have no grasp of the past and no ability to predict the future based on historical trends.
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@Xenophon @JulioReich @Terry I've won a few "FDs", but mostly I buy itm calls or sell covered calls. I don't like puts because the few times I've used them on situations where I was sure a loss would occur I either lost money or broke even. You don't have to go that deep in the money though because of volatility. People will sell covered calls close to money line to offload stuff for extra money (option premium) in the process, with the idea that they can possibly get to keep their shares if it doesn't hit.
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correct. either deep money calls/puts or covered are the only way people should be trading calls. These niggers are buying weekly OTM calls as lotto tickets.
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@Xenophon @JulioReich @Terry True, but the other side of that is that sometimes you can be a buyer of a naked call that's barely itm for cheap because of some stock enjoyer selling his covered calls.
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you need to own stock to sell covered calls :lamo_ugly: :wojak_depressed:
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@Xenophon @JulioReich @Terry Buying a few barely itm earnings plays works well. You can also use your anti-semitic skills to make extra money.
>Playboy is featuring trannies and the brand is tanking. They recently put a jew as CEO and the stock is in the toilet. Buy LEAPs because I think they'll use chicanery to pump the stock. Stock goes up for some reason, profit.
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@BowsacNoodle @Xenophon @JulioReich @Terry i don't think i could buy stock in playboy on pricniple even if i tradex at all.
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@reallyangry @Xenophon @JulioReich @Terry I didn't buy it precisely for that reason, but I told my degenerate friend to buy calls because jews and he made 90% in two weeks.
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@Xenophon @BowsacNoodle @JulioReich @Terry you know it just struck me, that if you didn't know me,t he way i say this shit sometimes sounds like i'm being judgy i just wanna join the covnersation.
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@reallyangry @Xenophon @JulioReich @Terry It's okay man I understand 😊. And yes there's a serious thing. I actually was reading the Bible trying to proof text for whether or not it's okay to make money off something like that. Since it's pure speculation aided by anti-semitic intuition rather than owning the company in any capacity, I think it would be okay to do. I just didn't feel comfortable with it.
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he lost 90% on 3 other trades. it's okay.
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@BowsacNoodle @Xenophon @JulioReich @Terry i don't think i owulda helped a degen either.
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@reallyangry @Xenophon @JulioReich @Terry He was my options buddy at a job I used to work at. He and I swapped ideas and both did pretty well. My favorite was a modified version of "the wheel", basically buying things based on my personal view and observarions of the economy at large rather than fundamentals of an earnings report. I bought Kraft Heinz calls and several others a few years ago when inflation was here but not recognized by any official sources on the logic that people were going to buy more mac n cheese and low cost foods because the economy was bad (defensive consumer goods). Crushed it.
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@reallyangry @Xenophon @JulioReich @Terry Some stuff I'm generic but it depends.
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@BowsacNoodle @Xenophon @JulioReich @Terry i've only ever bought generic brand foods.
Terry
BowserNoodle ☦️
Sturmführer Xeno Fish Biscuits
JulioReich
annoyed
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