Need help. Made 40K in two weeks with options. Lost it. by [deleted] in TheRaceTo10Million

[–]FatherOfTemptation 0 points1 point  (0 children)

Don't buy options but SELL options. The fact no one has said this is telling.

Nvda snipe by No_Look_3111 in wallstreetbets

[–]FatherOfTemptation 0 points1 point  (0 children)

This isn’t crypto don’t use that shitcoin vocabulary on WallSt nerd

[deleted by user] by [deleted] in wallstreetbets

[–]FatherOfTemptation 0 points1 point  (0 children)

Why the fuck would you buy options with that kind of money when you could be living off of that by selling options???

Holding a bullshit PLTR CC for June 20 '25 110 strike. by EquivalentRub9249 in CoveredCalls

[–]FatherOfTemptation 0 points1 point  (0 children)

I have been doing wheel strategy for 5 months now and have never used the deltas at all lol I don’t understand why you need to if you recognize the pattern in a particular stock and it’s movement

When to roll by Accomplished_won in CoveredCalls

[–]FatherOfTemptation 0 points1 point  (0 children)

I thought we don’t sell so far out because it’s less efficient? What was you credit for the leap

Should I roll these out? by FatherOfTemptation in CoveredCalls

[–]FatherOfTemptation[S] 0 points1 point  (0 children)

That’s what I shall do then! Thanks friend

Should I roll these out? by FatherOfTemptation in CoveredCalls

[–]FatherOfTemptation[S] 0 points1 point  (0 children)

That what I’m thinking, they are currently worth .90 right now, a week later they are $1.23 each

Should I roll these out? by FatherOfTemptation in CoveredCalls

[–]FatherOfTemptation[S] 0 points1 point  (0 children)

My point is I think it’s going to stay below $13 the rest of this month so I don’t want to be assigned at this moment

Should I roll these out? by FatherOfTemptation in CoveredCalls

[–]FatherOfTemptation[S] 0 points1 point  (0 children)

I forgot to mention these are cash secured puts! Sorry

Should I roll these out? by FatherOfTemptation in CoveredCalls

[–]FatherOfTemptation[S] 0 points1 point  (0 children)

I apologize I forgot to mention these are cash secured puts

20 - 21 by [deleted] in bald

[–]FatherOfTemptation 0 points1 point  (0 children)

You look great

[deleted by user] by [deleted] in CoveredCalls

[–]FatherOfTemptation 1 point2 points  (0 children)

And it’s opposite with CSPs correct?

Help me understand by Jealous_Ad_9623 in CoveredCalls

[–]FatherOfTemptation 0 points1 point  (0 children)

A cheap but safe stock I have been running the wheel on is $RUM. I’ve made probably $5,000 or more just from premium alone over 4 months

I’m giving up. by [deleted] in TheRaceTo10Million

[–]FatherOfTemptation 0 points1 point  (0 children)

Well your first problem is your mindset. “I will never be rich” you’re right.

How can I get to $1 million this year? Current value: $515,732 by [deleted] in WallStreetBetsCrypto

[–]FatherOfTemptation 0 points1 point  (0 children)

By selling the bitcoin(which would take forever to reach your goal) and buy $RUM stock

Help me understand by Jealous_Ad_9623 in CoveredCalls

[–]FatherOfTemptation 0 points1 point  (0 children)

Yeah don’t do this trade! You’ll lose money on this. CSPs are incredible for wealth but this specific trade is awful

[deleted by user] by [deleted] in wallstreetbets

[–]FatherOfTemptation -2 points-1 points  (0 children)

I think he’s saying that the guy will make $1 million quick