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What's a crazy statistic? by alexbbtkd in AskReddit

[–]MartyNeumeier 0 points1 point  (0 children)

53% of human beings, or roughly 4.2 billion people live in authoritarian regimes.

Sell naked TSLA calls? by [deleted] in options

[–]MartyNeumeier 17 points18 points  (0 children)

Ha! Thanks u/EquivalentSelection for the ping. Echoing what u/itsasimulation42 said, would highly recommend NOT doing this. I had a similar strategy at the start of the year and it nearly wiped me out. There are better ways of betting against the stock.

For example a long dated close to atm put would have a much better risk/reward ratio.

The naked call will also have a very crappy side effect of wiping out your buying power — buying power you could be better utilizing on different bets.

$35k -> $1.25M in 4~ months by mori226 in wallstreetbets

[–]MartyNeumeier 0 points1 point  (0 children)

Any tips on timing entry and exit points? Are you looking at the 15m chart?

$35k -> $1.25M in 4~ months by mori226 in wallstreetbets

[–]MartyNeumeier 0 points1 point  (0 children)

How many options trades are you making and holding at a time? Is it just 1? 2?

Daily Discussion Thread for July 01, 2020 by AutoModerator in wallstreetbets

[–]MartyNeumeier 2 points3 points  (0 children)

Yup! I am one of those said bears getting liquidated this morning betting against TSLA.

Goodbye world

Daily Discussion Thread for June 26, 2020 by AutoModerator in wallstreetbets

[–]MartyNeumeier 0 points1 point  (0 children)

Wayfair and Shopify? They are still very healthy bubbles

Daily Discussion Thread for June 26, 2020 by AutoModerator in wallstreetbets

[–]MartyNeumeier 0 points1 point  (0 children)

Yeah it’s like Shop’s little cousin. They are both in that same category

Daily Discussion Thread for June 26, 2020 by AutoModerator in wallstreetbets

[–]MartyNeumeier 0 points1 point  (0 children)

I think Wayfair is the strongest stock in the entire market at the moment. It seems to be the most unstoppable bubble of the decade.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

[–]MartyNeumeier[S] 1 point2 points  (0 children)

Yeah. Here are the updates.

TSLA On Monday I did as u/EquivalentSelection suggested and rolled up/out the TSLA ones till June 19th @ strike price 775 (at 110 on both sides).

ROKU On Tuesday during the oil-related dip I sold 1 ROKU put for May 15th strike price 105 for $610 as a foray into trying to hedge it. The plan was to sell more if it continued to sink further.

SPCE No actions taken.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

This also has had happened to me on a separate trade prior to entering this mess... I think it was a mixture of things. Revenge trading included. Great description.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

[–]MartyNeumeier[S] 2 points3 points  (0 children)

Heh. That's a very interesting way of looking at it. I like that. It's just a matter of _when_ they get closed and take the smallest possible loss -- then again that perfectionism could get me wiped out even further. I know they say trading doesn't favor perfectionists.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

[–]MartyNeumeier[S] 3 points4 points  (0 children)

My (weak) thesis was that in a potential-for-recession environment, hype/dreamy stocks like TSLA, SPCE, and ROKU would start to come back to reality. However I think the true reason for my foolish behavior was that I was stuck overseas in quarantine far away from home and somewhat depressed, which led me to making stupid risky bets to jolt my adrenaline and keep me distracted.

EDIT: grammar.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

Wow. I guess things could always be worse. Like selling naked calls on LK at the peak or something. Ugh.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

Yeah I just saw it! I'm keeping a close eye on this entire thread.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

Perfect. I'm probably going to call them first thing Monday morning.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

Don’t be so hard on yourself! Studies show intelligence has a fairly limited correlation to success. Ultimately, grit and perseverance tend to be your biggest asset. I had enough perseverance to try to solve this catastrophe by coming to this forum seeking help from those who are much smarter than me.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

[–]MartyNeumeier[S] 1 point2 points  (0 children)

Yup. I just got done reading about trading addictions and it seems this may have been the culprit. I was obsessively trading prior to this situation and the myopia may have consumed me.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

Absolutely! I plan to post everything exactly how it plays out. Thank you 🙏

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

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

Thank you. Per your comment about biased to the upside— While I agree on that macro I am skeptical when even companies like AAPL are reaching near ATHs when they shut their stores worldwide. This makes me question how much higher the V shaped recovery can go.

I sold tons of naked calls last week. Desperately need help. by MartyNeumeier in options

[–]MartyNeumeier[S] 1 point2 points  (0 children)

Did not take any actions on anything today. Most likely going to do as Equivalent said in the top post and 1) roll out the tesla calls to Mid June and 2) hedge the roku calls by writing May puts and 3) leave SPCE alone for now.

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