this is why i gamble on my dog's account not mine

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what capital? you think i had any capital if i entered a play like that?

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Armor piercing I believe

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You don’t get to use the premium, it’s held in escrow as collateral against the position. There is basically zero chance NVDA goes in the money on these, but that wasn’t the goal. The real way this trade is profitable is any spike in volatility will decrease the spread. I.e: I opened the spread and received a $29.99 premium by putting up $0.01 in risk. NVDA earnings has a 5-7% run up in a few weeks… (very possible, look around at all the insane volatility) Now the spread is “more likely” to hit, IV increases, and there are buyers for $26-$28. I close the position for $27 and keep $2.99 x 100 x 225 =$67,275.00 for ~$250 in risk. This play is about as dumb as buying single leg call options that are deep out of the money. It’s dumb, and gambling, but not as regarded as the millions of people in this sub that don’t actually understand options.

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I think they are supposed to offer 'AI powered loans' or some shit, although I dunno how that will beat the traditional credit system.

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I think it will be flat

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Why would i eat where i shit?

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Guys, Mango care about his legacy a lot. He will not want a trash market as part of his legacy. I believe he will pump when needed. So I bought NVDA calls today EZ Clap

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I hope you guys get no fuckin candy because zuck gave me bankruptcy for Halloween

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Yes was just scanning and saw the spreads way tighter than all other strikes. Saw it as a min risk for huge reward. If I had not been assigned I could’ve closed today for +~2000%

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