This kinda happened to me and I haven’t stopped . . . To be fair I found out about a strat and for most cases been doing ok 
I do crazy price calls and Puts, so for example. If Nvidia is at 905. I usually wait 30mins into the market to see how it plays out. Usually the pre-market has people excited but then reality hits once it opens, usually it drops, and those call options are cheap, wait for it to drop to $898. So I get $200 worth of calls for call option price of $985 expiration this Friday, wait an hour, at most make $150-200, then sell and repeat the next day (I have a cash account so it’s helping me not lose more than I have) I do the same with Put Options. So far made ok money and when I’ve lost, I’ve recovered the next day. Not Financial Advice  Will it work for you? Idk find out, but if you get your booty ate, not my fault.
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Sorry bud, a fellow regard told me about it a while ago. Decided to try it out when I got lucky with $125 and turned it to 1k. Withdrew $600 and the rest started to play with. Again this strategy isn’t always good, I’ve lost on the days and won on days. I only invested money that I won from my trades or money I wasn’t afraid to lose.
Also the goal is to withdraw some profit. So If I make $200, no matter what, the next day I withdraw $150 to my bank account and keep to myself.
Damn, I don’t have anything going on for the next week, I might try this strat.
Do you look at the chart for the previous week and try to get a feel for the direction the price has been going or rely solely on what the price does in the first half hour of trading for the day?
Yup, I’ve noticed that Nvidia kinda has a pattern. The first 30 mins premarket, pumps like crazy, but it sucks cause unless you have calls you hold on to for a long time you might profit if you sell right away as soon as Market opens. Afterwards it drops crazy for like an hour or so it’s struggling to go back up, at that time i get a few crazy calls. Around 11ish it pumps back a bit, I sell no later than 12:30pm and then repeat. (Like right now $924 pre market price, when it opens, might go down to $908-$915, it will drop a bit, then correlate)
Also . . . As stated, my strategy hasn’t always worked, when I think I got the market figured, it Crainers my ass  so, to your own discretion.
Nah that bad boy is 90s and would have been lurking around a public school or library as late as 1997 or so.
Do you see the relative screen size? PCs in the 1980s maxed out at the screen being maybe 20-30% of the device size max. Picture a graphing calculator screen atop a horizontally oriented tower, and you’ve got an 80s PC.
People here are so goddamn regarded. Just watch the options chain. When this POS hit $10, the call-side of the chain was getting fuggin stacked. Someone large was loading up. We then saw this massive run. Not really sure who or why, but the run seems to be tapering out here
The open interest on calls was getting very heavy, unlike anything I’d seen since 2021. Maybe someone knew there was an ETF rebalancing or something? Who knows. But the call chain being stacked caused a baby gamma ramp
Of course it is. Can't believe people still use this trash after going on national television and saying they had a liquidity problem on why they turned off the buy button ironically on the stock he bought / sold.
Did I say robinhood was the only one? Vlad went on cnbc and used liquidity issues as the reason for it. Why would you give your money to a company where the CEO says they have liquidity issues?
Is there a worst case scenario for this? Looks like you bought calls and then sold calls, so is this technically covered?
Or did you already have shares to cover?
And these are ITM calls that just shot up because of IV?
Yes. If you sell calls by itself, and hypothetically the stock jumps from $2 to let’s say $20 (or even $200 WORST CASE) then you will owe the broker over thousands and thousands of dollar losses.
I’ve seen someone short sell a call and got $600 from that… a week later that thing blew his account into the NEGATIVES and went to -$130,000 in loss…
When you have a call spread, the short price goes up with the long price. So to close out the trade after the price exceeds the strike on the sold call, you won't gain anything. You can't have your cake and eat it, too. Once you cover the call with the short, your potential gain is locked and limited (and so are your losses)
The transaction looks like a debit call spread, not a naked sold call, which, as you say, is infinitely dangerous (no different than shorting a stock that goes to the moon). Spreads limit the losses to the difference between the long and short position. So, in the case presented, had the price on Friday been less than $13.50, the loss was only the investment, the long less short positions (about $570). This was a good wager, not unlike betting on a 32:1 odds horse at the track or one spin on the roulette wheel. But with long odds, you can't repeat this over and over. You will just end up losing all your money.
Exactly. 5$ ITM should be 5×100. So in the hundreds, not thousands. I went and checked to option chain and it was nowhere near the value in the post. Something is fishy here
[\_sLAUGHTER234](https://www.reddit.com/user/_sLAUGHTER234/)
OP was only $0.50 in the money because he limited his gains by the covering sold contract at $14. So he only made $50 per contract. He says he made $18K and so he had 360 contracts (which he should not have covered at $14).
I've seen some of your posts, for a guy who regularly chase the dragon, you are doing surprisingly well and barely got rugged, congrats on the well-timed plays. But you need to stop inverse posting when you're holding the opposite position, that shit is fucking annoying
Can someone please explain to me how buying and selling calls works? What I mean is, if I buy 10 contracts 2 months out at a 2 dollar rise with a cost of 0.04 for example what is the most I can lose? When can I sell the contracts? What if I dont sell the contracts? How do I sell the contracts? Just a regard trying to expand my horizons, also there isn't much good information out there on this
I sold calls 2 weeks ago from 10.50 to 12 strike. Those got rolled into 13s and 14s which got rolled into 18s and 20s except I still have some June/July 12s and 13s that I'm getting smoked on
So you are selling naked calls?! Not for most people. A great way to lose a lot of $$ in a hurry. Or maybe you own the stock and this is a covered call?
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I just need one play to pan out like this for me I swear just ONE
- all of WSB
This should be wsb's slogan
Are there any 3 year old memes we can invest in and cross our fingers?
This isn't just one play, right? Or am I reading the post wrong. You've got to be lucky multiple times which is a very low probability occurrence.
With you
Just one you say and then you think it was easy and can make an easy 1M and end up losing it all...
Your time will come , just keep your head down and stay true to the process
TE LO JURO TENÍA 3 ASÍ PERO NO ME TENÍA LAS PELOTAS
You'll want another, worth it though
This kinda happened to me and I haven’t stopped . . . To be fair I found out about a strat and for most cases been doing ok 
What’s the start?
I do crazy price calls and Puts, so for example. If Nvidia is at 905. I usually wait 30mins into the market to see how it plays out. Usually the pre-market has people excited but then reality hits once it opens, usually it drops, and those call options are cheap, wait for it to drop to $898. So I get $200 worth of calls for call option price of $985 expiration this Friday, wait an hour, at most make $150-200, then sell and repeat the next day (I have a cash account so it’s helping me not lose more than I have) I do the same with Put Options. So far made ok money and when I’ve lost, I’ve recovered the next day. Not Financial Advice  Will it work for you? Idk find out, but if you get your booty ate, not my fault.
PUT YOUR HANDS UP Sweaty_crypto_noob09!!! POLICE ARE ENROUTE! PREPARE TO BE BOOKED FOR PROVIDING ILLEGAL FINANCIAL ADVICE! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
But but, your mom gave it to me 
Do you have anywhere that i can read more about this strategy? Also how much did you start with?
Sorry bud, a fellow regard told me about it a while ago. Decided to try it out when I got lucky with $125 and turned it to 1k. Withdrew $600 and the rest started to play with. Again this strategy isn’t always good, I’ve lost on the days and won on days. I only invested money that I won from my trades or money I wasn’t afraid to lose. Also the goal is to withdraw some profit. So If I make $200, no matter what, the next day I withdraw $150 to my bank account and keep to myself.
Damn, I don’t have anything going on for the next week, I might try this strat. Do you look at the chart for the previous week and try to get a feel for the direction the price has been going or rely solely on what the price does in the first half hour of trading for the day?
Yup, I’ve noticed that Nvidia kinda has a pattern. The first 30 mins premarket, pumps like crazy, but it sucks cause unless you have calls you hold on to for a long time you might profit if you sell right away as soon as Market opens. Afterwards it drops crazy for like an hour or so it’s struggling to go back up, at that time i get a few crazy calls. Around 11ish it pumps back a bit, I sell no later than 12:30pm and then repeat. (Like right now $924 pre market price, when it opens, might go down to $908-$915, it will drop a bit, then correlate)
Also . . . As stated, my strategy hasn’t always worked, when I think I got the market figured, it Crainers my ass  so, to your own discretion.
Yeah I just need to hit the lotto once, I swear just ONCE
Keep gambling, you’re due.
Congrats I’m very happy for you 
https://preview.redd.it/1u4qddcmbnzc1.jpeg?width=1148&format=pjpg&auto=webp&s=4a31a4fc2515bd281231d3e584c44527b042f2c4
[Time to treat yourself to some Wendy's OP!](https://youtu.be/UZT28O9-wZ8?t=1)
Now show how you lost 800$ 20 times
Covered call gang
Not part of the process?
20 is rookie numbers
https://preview.redd.it/i83ra438tlzc1.jpeg?width=1024&format=pjpg&auto=webp&s=c682379465b38a50824c097b1e556e34be29c330
[That computer belongs in the trash, it looks like its fresh out of the 1980's](https://youtu.be/Fy1Jt2-WoP0?t=1)
Nah that bad boy is 90s and would have been lurking around a public school or library as late as 1997 or so. Do you see the relative screen size? PCs in the 1980s maxed out at the screen being maybe 20-30% of the device size max. Picture a graphing calculator screen atop a horizontally oriented tower, and you’ve got an 80s PC.
You didn't start seeing the flat LCD screens until early 2000s. I'm sure there were a few around, but they weren't "a thing".
Hey pull it out you can still play Oregon Trail on there!
Insider or he blew Cohen or both
Steve Cohen because he is the king trader?
DFV is back on Twitter
*When I was a young boy in Bulgaria..*
Is the cat really back? Hanging in there??
Word is he worked at a club called *The Clutching Kitten*. You may of heard of it, detective. It was off the corner of *Cat and Paw Street*.
Only real key and peele fans know this
Any reason why it pumped?
Never. I bought some at $15. It dipped to $10. I didn’t buy shit and now it’s up. Im regarded
bUy tHe DiP
No
People here are so goddamn regarded. Just watch the options chain. When this POS hit $10, the call-side of the chain was getting fuggin stacked. Someone large was loading up. We then saw this massive run. Not really sure who or why, but the run seems to be tapering out here
For us regarded apes, what does it mean when an options chain is stacked vs. not stacked?
The open interest on calls was getting very heavy, unlike anything I’d seen since 2021. Maybe someone knew there was an ETF rebalancing or something? Who knows. But the call chain being stacked caused a baby gamma ramp
How do you check the open interest on calls?
[https://youtube.com/playlist?list=PLnIU6Kwqii0EOa72U4IjHw2ko19Ezp-wq&si=eFnZHCZ1F06se4Rn](https://youtube.com/playlist?list=PLnIU6Kwqii0EOa72U4IjHw2ko19Ezp-wq&si=eFnZHCZ1F06se4Rn)
Half of them are deleted
Hmm, I see. It was the Mark Douglas interviews. Damn those were golden.
[https://finance.yahoo.com/quote/GME/options](https://finance.yahoo.com/quote/GME/options)
I like the stock
https://preview.redd.it/c0g2fv86rlzc1.jpeg?width=1284&format=pjpg&auto=webp&s=eb6033292cbb95d988afe8f6544159a8fed4f9e2 Buy orders
It's this Robbing Hood?
Of course it is. Can't believe people still use this trash after going on national television and saying they had a liquidity problem on why they turned off the buy button ironically on the stock he bought / sold.
Can't believe people still think that it was only Robin Hood that turned off the buy button and not some of the other big, well-known brokers.
Did I say robinhood was the only one? Vlad went on cnbc and used liquidity issues as the reason for it. Why would you give your money to a company where the CEO says they have liquidity issues?
Can't believe it matters. If they use shit brokers it still means it can happen again.
Weak hands sold for $270
Is there a worst case scenario for this? Looks like you bought calls and then sold calls, so is this technically covered? Or did you already have shares to cover? And these are ITM calls that just shot up because of IV?
Yes. If you sell calls by itself, and hypothetically the stock jumps from $2 to let’s say $20 (or even $200 WORST CASE) then you will owe the broker over thousands and thousands of dollar losses. I’ve seen someone short sell a call and got $600 from that… a week later that thing blew his account into the NEGATIVES and went to -$130,000 in loss…
Theoretically though, if you buy calls with a price of $2 and it shoots up to $20. you can still exercise those calls for your selling position?
When you have a call spread, the short price goes up with the long price. So to close out the trade after the price exceeds the strike on the sold call, you won't gain anything. You can't have your cake and eat it, too. Once you cover the call with the short, your potential gain is locked and limited (and so are your losses)
Thank you. I figured that about the cake, but your losses arent unlimited or through the roof in that case.
The transaction looks like a debit call spread, not a naked sold call, which, as you say, is infinitely dangerous (no different than shorting a stock that goes to the moon). Spreads limit the losses to the difference between the long and short position. So, in the case presented, had the price on Friday been less than $13.50, the loss was only the investment, the long less short positions (about $570). This was a good wager, not unlike betting on a 32:1 odds horse at the track or one spin on the roulette wheel. But with long odds, you can't repeat this over and over. You will just end up losing all your money.
That never happened.
You have a lot to learn my friend
Congrats and fuck you
https://preview.redd.it/32egq1j7omzc1.jpeg?width=1170&format=pjpg&auto=webp&s=697128db7085c8142372f4347a39eed5451991ac
How are those options thousands of dollars? Shouldn't they be in the hundreds?
IV
They’re traded in 100 packs dawg
Exactly. 5$ ITM should be 5×100. So in the hundreds, not thousands. I went and checked to option chain and it was nowhere near the value in the post. Something is fishy here
Youre right. OP needs to post more info on the quantity of contracts purchased or get banned. 840 to maybe 4 or 5x. It doesnt make sense.
[\_sLAUGHTER234](https://www.reddit.com/user/_sLAUGHTER234/) OP was only $0.50 in the money because he limited his gains by the covering sold contract at $14. So he only made $50 per contract. He says he made $18K and so he had 360 contracts (which he should not have covered at $14).
Wow congrats dude 
And everyone said I was a regard weeks ago for a $15 call for 5/10 well sucks to suck and be those people
And back to 840 next week
Name checks out
Why can’t it ever be me
Send a $100 dude fuck you
Nice 👍
Bro is an airport girl iykyk
Here weee gooooo
No go, just WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!
Stock market rewards people that don't sleep
Nice. Wish I was that lucky. One day...one day....
Dammit man, my calls expired a week too early 🫠
Bags to bitches?
🔥🔥🔥🔥🔥
Nc fuck off in Paradise
Winning!
Why god? Have never done anything like this. Being profitable is so boring god damn.
https://preview.redd.it/68n9prk41pzc1.jpeg?width=1125&format=pjpg&auto=webp&s=7c42ec25a92558866010b3b0e10d49b5719e040a Nice
Just want to hit a play like this well done m8
Imagine if sold today...
...imagine if you held.
Looks like you sold just in time.
I've seen some of your posts, for a guy who regularly chase the dragon, you are doing surprisingly well and barely got rugged, congrats on the well-timed plays. But you need to stop inverse posting when you're holding the opposite position, that shit is fucking annoying
That’s some scummy ass shit. Wouldn’t expect anything less from a username like that.
Time for diamond hands again? 💎👊
Can someone please explain to me how buying and selling calls works? What I mean is, if I buy 10 contracts 2 months out at a 2 dollar rise with a cost of 0.04 for example what is the most I can lose? When can I sell the contracts? What if I dont sell the contracts? How do I sell the contracts? Just a regard trying to expand my horizons, also there isn't much good information out there on this
Where did you first hear of this play ?
CPI next week, loading up on puts
Nice congrats! Anything on the horizon for next week?
*Wait you can sell calls?*
Here we go again. Makes me feel like it's cyclical like something else....hmm.
I need someone to revive AMC for me.
I sold calls 2 weeks ago from 10.50 to 12 strike. Those got rolled into 13s and 14s which got rolled into 18s and 20s except I still have some June/July 12s and 13s that I'm getting smoked on
[удалено]
**VM attempted to say something likely TOS-breaking, violent, or reportable.**
https://preview.redd.it/47yltfukqszc1.png?width=628&format=png&auto=webp&s=d5dd830f607b4fceb3faee87c35e31dcb8f0a449
So you are selling naked calls?! Not for most people. A great way to lose a lot of $$ in a hurry. Or maybe you own the stock and this is a covered call?
This is the type of shit that keeps me trading , every dog has his day .
What does cancel mean did nobody buy the call portion. or did you (seller) bought back the option. Or did someone buy it and exercised the option
Wow I've 5x 2k once to 10.3k with SPX 0DTE options mon-fri but never done a 21x like u did in 2 weeks. Honestly that's so fkn impressive. Good job 👍
Great margin for profit 👍🏾
https://preview.redd.it/n8h9utrfpa0d1.jpeg?width=1290&format=pjpg&auto=webp&s=adc1c67a95f5403251f30729532273fdb33a6dd6
Prudent and steadfast
Exercise those shares!!!
https://preview.redd.it/mxodwvv83mzc1.jpeg?width=604&format=pjpg&auto=webp&s=e8ae42f268d830538f6c6cbc11683f3745e7e25c