Recent content by cyanide12345678

I agree winners and losers adds up to 0 in options. In that regard it is zero sum. But im glad you agree that it’s not 50/50 - because clearly there’s a better long term strategy. All the data clearly shows that premium sellers almost always come out ahead over time. I’m glad you concede that...

I might not understand it. But read this below and answer one question only for me: https://cdn.cboe.com/resources/spx/bondarenko-oleg-putwrite-putw-2019.pdf My question is: How is something like selling puts on SP500, a zero sum in your opinion, result in a 9.5% compound return over a 35 year...

Yes very tax inefficient if you’re in a high tax bracket. But if you trade spx, ndx, xsp, rut then you are very tax efficient as even a 1 minute hold will have 60 percent of profits treated like long term capital gains I don’t roll every two weeks. I’m giving hypothetical scenarios of an...

just because there’s someone else on the other end creating a bet, you keep on thinking it’s a zero sum game. Just like a casino, the odds are always going to favor the put seller. The buyer of the put and call has to get right both price movements as well as the timing of the price movement...

*sigh*... I'm going to try my best to help you understand how selling premium works. You might not change your mind, that's okay. But hopefully it's education to a few people. First: Read this article - https://seekingalpha.com/article/4210320-selling-puts-good-bad-and-ugly So a put contract...

Congratulations. Take the win. Close. Walk away. 😂

the option trades are on the same companies creating revenue. Unless you deeply understand the benefits of premium harvesting, you will not understand how put selling has one of the best risk adjusted returns. Now you can say it’s a 0 sum game because someone else has to lose on the other end -...

Premarket negative 9 percent amc. Negative 10 percent gme. Negative 3 percent rddt. Looks like you’re about to make a decent chunk of money. What profit percentage do you plan to sell and close at? On the other hand, I’ll probably increase my $2.5 strike 9 day position if premium spikes up a lot.

By the way.... GME and AMC are crap stocks. I know that. But I wouldn't be betting against RDDT. Fundamentally that stock is extremely strong. Just read the last quarterly report. They smashed earnings significantly above expectations. Their growth rate for users, revenue was definitely...

It's not really the equivalent of gambling. It's based on sound theory which will absolutely come true. When meme mania will fade, prices will drop. Someone who has bought puts will absolutely benefit from that. The problem though is figuring out when the drop happens. Now that's the gambling...

Yeah selling mpw puts definitely was minimal risk. Definitely has paid off. Though I’m really going to be milking mpw for a little bit longer. I have 1100 contracts on MPW for $3, I'll be rolling to $3.5 strike sooner or later whenever there's a highly negative day. I also took todays huge...

Round 2 of mpw: Locked and loaded with significant increase in position size when steward finally declared bankruptsy. Earnings also coming in, so kind of expecting a clear game plan to be laid out about the replacement of steward with other operators. The steward bankruptsy filing documents...

In the grand scheme, the cost of setting up an LLC is around $100 depending on the state, even if you made one, it's not a big deal either way.

No benefit unless making enough to make s corp worth while. Then yes, it needs to be done. Otherwise, no real benefit

I don’t think this will affect your licensure. Doesn’t seem like they are reporting you to anyone.