Quick lesson: I’ll assume you understand how calls and puts work. I’ll also use round numbers to make the math easy for you regards. If $NVDA is at $900 and I think it will close somewhere around there by the end of the day, I can do four basic things. There’s so many other strategies that could be used, but here’s the basics: Buy a $950 put and sell a $925 put. (A) Sell a $850 put and buy a $875 put. (B) Buy an $850 call and sell an $875 call. (C) Sell an $925 call and buy an $950 call. (D) All four of these are called vertical spreads because the options are the same expiration date, same type (call or put), and differ only in the strike price (one above the other, hence the name vertical). Each one has a $25 difference in strike price. I’ll start with (C) because it’s probably the easiest for crayon eaters to understand. Generally you want to buy low and sell high if you’re long a position. Or, conversely sell high and buy low if you’re short. If I buy the $850 call that means I’m buying the stock at $850. Obviously that’s a good deal because the stock is already at $900 and I think it will stay there. Since the stock is at $900 and I’m buying it for $850, the intrinsic value of the $850 call is $50. But obviously someone is going to want me to pay them a premium for me getting that kind of a $50 off deal, and that premium gets added on based on a lot of things: how long until the option expires, the volatility of $NVDA, etc. That extra premium is what makes the $850 call cost more than $50. Okay. So to offset that cost, I’m going to sell someone my stock that I bought at $850. I will do this by selling them an $875 call. Just like the $850, the intrinsic value is $25 because whoever buys it from me can buy my stock that I sell them for $875 and sell it at $900. But they’ll have to pay me a premium as well, so I’ll get more than the $25 to just flip the stock. Since I’m selling this option, I will be getting paid. I won’t get paid as much as what I had to spend on the $850 call, but I will at least have something to offset my cost. This difference in what I paid and what I get paid is not going to be very much. But, if I’m willing to risk the $25 (that I could potentially lose if $NVDA drops to $850 and my call option becomes worthless), then that means it’s like free cash. I’m buying the stock for $850, selling it for $875 and only have to pay (hypothetically) $24.50 for the deal. There is a certain type of person to whom this will appeal. Risking $2,500 to make $50 probably doesn’t sound appealing. But if I’m x% certain that it’s going to close around $900, then I don’t really think about it as “risking $2,500” so much as “risking 100-x% that an event y will happen at time z.” Either way, this is a debit spread because I’m paying $24.50 for the deal hoping it will be worth $25 by the close. On the other hand, with a strategy like (A) I’m buying the higher put and selling the lower, and just collecting the premium difference between the two prices (maybe it’s $0.35). If $NVDA explodes to the upside those puts I bought are going to lose value much faster than the ones I sold, so I could end up having to buy them back for the max difference of $25. But if it doesn’t, then I just get to keep the $0.35 (x100) for selling the spread. This is why this is called a credit spread rather than a debit spread because I’m not paying the $2500 up front (although your broker would almost certainly still hold it in the liability that it did blow up and you lost everything). The other two strategies are similar, and which on you use depends on the implied volatility pricing that goes into calls vs. puts, which ones are the best deal, and the probability that the stock might actually move up or down away from $900. This is an income strategy because it’s not purely dependent on the direction that $NVDA goes in; it’s very popular with stocks that are lower volatility because they’re more predictable and don’t move as much, but also you get less premium from it too. Several good strategies for this usually begin about 45 days out and then close the position 20 days away from expiry. TLDR: Buy low sell high get paid the difference.

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I got rid of it and already made my loss back. INTC is flat. Even their new facility getting built in Arizona isn’t helping them in any way. I don’t think it’s even a good hold play until a year or two out from now.

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Wow Apple was 50% of Berkshire last year Two of the top 10 largest market cap companies are basically the same company 😂

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Keys is one and two-fifth, so how we flip Thirty-two grams raw, chop it in half, get sixteen, double it times three We got forty-eight, which mean a whole lot of cream Divide the profit by four, subtract it by eight We back to sixteen, now add the other two that 'Mega bringing through So let's see, if we flip this other key Then that's more for me, mad coke and mad leak Plus a five hundred, cut in half is two-fifty Now triple that times three, we got three quarters of another key The Firm baby, volume one uhh.

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Just do clsk dummy you spreading to thin pick one or two plays clsk to 20$ is the play

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You are bad at picking shit coins. You picked two last cycle alts. Might as well just buy 🌽

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Man, you could have gotten about 630 $ a month on autopilot or could have gotten half a million in just about 11+ years. Well, honestly, you could have retired earlier than usual. But now you just have a memory, grats! :D

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Two chokers. Both of them. Hard to say

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Half my port was lost on this. Post your losses in two weeks.

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Next two weeks will dictate if SPX correction is done or not. SPX reclaimed 50 MA for now. There will be some backtest failure and reclaim back and forth. After few fights if 5050 is Lost.... brace for 4840. Else new ATH in June

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