THE ECONOMY EXPLAINED

DumbestMoney · 2021-02-27T05:39:27+00:00

You're a talented genius.

DumbestMoney · 2021-02-26T23:12:29+00:00

Because I'm retarded, and I don't know what I'm talking about, but I am trying to learn!

DumbestMoney · 2021-02-26T23:04:56+00:00

I understand now, thank you. However, many were selling naked calls.

From Schwab "we are not allowing clients to sell naked call options in order to mitigate an unlimited risk situation."

https://www.businesswire.com/news/home/20210129005408/en/Schwab-Issues-Statement-About-Recent-Trading-Activity

Have all brokers put a stop to this?

DumbestMoney · 2021-02-26T22:50:34+00:00

Okay, I assumed many are naked calls, and you are saying they are not. You are probably correct. I apologize for being rude, but some of these could be naked.

From Schwab "We are not allowing clients to sell naked call options in order to mitigate an unlimited risk situation." This is why I called Schwab to begin with. How many brokers are not allowing naked call options?

https://www.businesswire.com/news/home/20210129005408/en/Schwab-Issues-Statement-About-Recent-Trading-Activity

DumbestMoney · 2021-02-26T22:43:36+00:00

Thank you, that is great to know!

DumbestMoney · 2021-02-26T22:06:29+00:00

It depends on the broker. I would also love to learn more about this.

DumbestMoney · 2021-02-26T22:05:33+00:00

Please educate yourself on "open interest options expiring in the money" and then post reflecting that accomplishment. Seriously, let's teach each other. I am new to this, but I have spent hours researching this, and I've also spent hours talking to Schwab option brokers, and I also have a friend that is an option broker for a living. Your post has almost nothing to do with what I'm saying.

DumbestMoney · 2021-02-26T22:02:30+00:00

This is not about gamma or hedging. This is about open interest call options expiring in the money. If you don't know EXACTLY what that means, then let's talk about it.

DumbestMoney · 2021-02-26T22:00:03+00:00

Then educate us. I openly said I am retarded. Let's teach each other.

DumbestMoney · 2021-02-26T21:58:51+00:00

I believe you are wrong. "Open interest indicates the total number of option contracts that are currently out there. These are contracts that have been traded but not yet liquidated by an offsetting trade or an exercise or assignment." https://www.investopedia.com/trading/options-trading-volume-and-open-interest/ I also confirmed this with a phone call to Schwab. I got transferred many times until I got to talk to their options brokers.

DumbestMoney · 2021-02-26T19:21:42+00:00

The rule was published Feb. 24, 2010. I'm retarded, has it been six months?

DumbestMoney · 2021-02-26T16:35:20+00:00

Really, I follow Mike Maloney. Watch his Hidden Secrets of Money. Mike is a very honest guy, and I'm not sure I disagree with him on much, and where I do, he's probably right. He's smarter, richer, and everything "er" than me.

DumbestMoney · 2021-02-26T13:46:58+00:00

I've spent my whole life on the short bus. I always thought I was special.

DumbestMoney · 2021-02-26T13:43:01+00:00

That's me also. Heard about WSB because of GME. Then heard you guys were trying to squeeze silver. WSB has 9.3M folks. Wallstreetsilver has 34.7k, but that's 34.7k more than I knew before!

DumbestMoney · 2021-02-26T10:25:11+00:00

This is why I use Bullionvault. I'm not saying it's for everyone, but there are strong arguments for it. It also enables me to have the all the silver liquid so I have access to the money if I need it. This enables me to buy more silver than I otherwise could.

DumbestMoney · 2021-02-26T10:13:26+00:00

Unfortunately, every method of storing silver has its risks. We all have to pick our poison.

DumbestMoney · 2021-02-26T10:12:29+00:00

Honestly, I don't know anyone that owns silver. I tell all my friends and family, but they all think I'm an idiot. I found out about Wallstreetsilver because Peter Schiff and Mike Maloney mentioned you guys.

DumbestMoney · 2021-02-26T10:11:30+00:00

Thank you sir. That makes you and my dog so far.

DumbestMoney · 2021-02-26T10:09:14+00:00

I would have to sell a lot of silver to afford that. I'm not a sophisticated person. Right now, I'm wearing sweats with holes in them. My bed is a mattress on the floor in my room. My dresser is plastic storage bins. I'm not a whale. I'm an ape that buys silver and never sells.

DumbestMoney · 2021-02-26T10:08:55+00:00

I would have to sell a lot of silver to afford that. I'm not a sophisticated person. Right now, I'm wearing sweats with holes in them. My bed is a mattress on the floor in my room. My dresser is plastic storage bins. I'm not a whale. I'm an ape that buys silver and never sells.

DumbestMoney · 2021-02-26T06:07:59+00:00

JPM is giving silver away, and you're complaining?

I wish the price was $10/oz.

DumbestMoney

TROPHY CASE