SNDL $4.75 Premarket, lol. Dont wanna be caught holding the bag but 140% returns day after day seems too good to pass up

Yes. I mean I would love to just buy 5 shares of Amazon and sit on it, but I ain't got no time or patience for that. Daddy Onestep needs to buy a fishing boat this year

aint nothing wrong with yolo'ing. i love yolo'ing. but i also recognize the need to balance my degeneracy so sometimes i preach on it a bit.

regarding SNDL i mean, youre probably good, its got so much fucking inertia behind it, but you do have to worry about people taking profit as well.

so the price action there gets kinda wonky, sometimes they end up with stale data. use ToS during market hours to get much more accurate price estimates. also always just use the middle price between bid/ask, that can clear up a lot of static too. but without looking, if those arent the problems, im guessing the IV is different on the 15.

I know we agreed on options where they are far out, but considering what happened today( the entire week more like it) with SNDL, as well as other pot stocks, why not take a gamble with this?

http://opcalc.com/or4

My rational is that we are $3.52 as of now AH, and with $4.20 coming up close, I feel like people are gonna pump it so that it exceeds it either today or tomorrow and continue its ride. Just need to get to $3.60 to break even

Yes or Yes?

http://opcalc.com/ooV

Soooo if I was thinking of doing a 7/16 call( will already have had 2nd earnings of the year and during the summer when people are hopefully out hunting, 4th of July etc) does the above make sense? Basically why would I write a 12.50c as opposed to a 15.00c? The $15 makes me more money, just confused as to why

Period.

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understand and will try to put into practice

^ this guy fucks

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this guy fucks

the thought of having to fall back on iron condors to make ends meet fills me with existential dread.

if I told you about summers in the early aughts where nothing budged .. ever ... and you had to eat ... cause your stomach is growling ..... so you force something.., something that isn’t there .... well, I’d sound like the old guy.

Stop with the black swan stuff.... for nearly a year we have ignored EVERYTHING. There isn’t anything you can dream up that will shake the market.

Poison municipal water supply ... that’s cash in your pocket in any other time in history.... not today son. Impeachment? Rally. Capital riot? Rally. Rally? Rally.

someone will hit the trip wire when there is silence. you won’t feel a thing... it’ll be that quick... it’ll be technical. Then we will resume buying


the market is retarded ..... now go find a meme stock.

I traded a little GBTC like it was a real stock.. Something I never thought I’d do.

the thing that i find so fucking infuriating about this QE driven frankenmarket is that making those sorts of consistent plays are almost impossible at this point because we have 3 black swan events a month.

but hey.

the game is the game.

regarding the concern about capping profits, its ultimately about how many positions close green and how many close worthless.

when you do uncapped profit calls/puts, you will generally find yourself holding bags many, many more times than youll see those sorts of parabolic GME type cashouts.

once capital is lost, its fuckin outta there. the over arching concern should be entering into positions with minimal risk of ruin.

if you can afford to just chunk off $600 at a time on long shots and hope one sticks, thats valid, im not saying dont do that. thats a hell of a lot of fun.

but if you start with $1000, and wager 50% of it every week at a 10% average profit target, in a year youre sitting on $10,500.

bump up your weekly average profits to 15% and youre closing out the year with $32k, and every week its generating $2200 in profit and you never have more than half your roll at risk.

you know how much youre sitting on after a second year?

$1,029,808.00

a fucking bar. in 2 years, you can spin $1k into a fucking bar and never have more than half of it at risk at once, just by cranking out 15% profit a week on the half your roll you put in play.

i find that math compelling.

Im reading it but its just not clicking. Get the 1st part just not the short option. Ill have to circle back to this. Your buying a 580 call and then writing a 585 call. You pay 5760 for one and you receive 5120 for the other, risking 640, to make 1360. However, your profit is capped at 1360. I just dont understand why you'd limit your upside. Is it cause this is the best chance to gtr money without risking losing the entire amount of the option?