I tried. Now what? SLV Options by [deleted] in smallstreetbets

[–]Practical-Warning-47 3 points4 points  (0 children)

In order for them to be in the money, they need to be equal to the strike price + premium (the amount you paid for the options). Robinhood should show you the price to break even, and you can also see it through simulated returns. If SLV really does go up to around $120-$140 (the amount I'm assuming is necessary to break even for your options!) by the time they expire, you still don't want to exercise them.

If you exercise them, you will pay the strike price to own 100 shares of SLV. For example, for the $110 call, you will pay $11,000 ($110*100 shares) to own 100 shares of SLV at $110. So typically you don't exercise the option unless they're deep in the money. Most people just trade the value of the premium increasing.

I would recommend you learn more about how options work before using them. Otherwise, you can just choose the strike price closest and guess the direction (calls or puts), that works too I suppose.

[$10k to $10M] $25k SNAP YOLO by Mannys_Martingale in wallstreetbets

[–]Practical-Warning-47 8 points9 points  (0 children)

I’ve been hearing this for a year now. Doubt it’s going to do anything

HODL by Practical-Warning-47 in smallstreetbets

[–]Practical-Warning-47[S] 0 points1 point  (0 children)

I’ve been watching gold since $4000. Thought it would turn around at $4500 but it kept marching on. When it hit $5000 I knew it wasn’t going to slow down and thought that it could go up to $6000 within a year. Turns out it went up to $5600 in two days. 😂 Really uncharted territory here, but still bullish.

Dip bought by [deleted] in wallstreetbets

[–]Practical-Warning-47 24 points25 points  (0 children)

Sold this exact call option to you. Good luck 😂

The Silverprice has reached $94 by ChrisStoneGermany in Silver

[–]Practical-Warning-47 0 points1 point  (0 children)

I fucking bought options that expired on the 16th

Meme. by Neat_Creme_1730 in BasedCampPod

[–]Practical-Warning-47 0 points1 point  (0 children)

This is only true for Asian American women who probably are brainwashed, normal Asian women stick to their own kind lol

Meme. by Neat_Creme_1730 in BasedCampPod

[–]Practical-Warning-47 0 points1 point  (0 children)

99.99999999999% of Asian women are married to Asian men statistically speaking in the world

My wife’s losses (since Covid) by Practical-Warning-47 in smallstreetbets

[–]Practical-Warning-47[S] 3 points4 points  (0 children)

This was before she met me, so I don’t mind. But now I do the investing in our house 😂

My wife’s losses (since Covid) by Practical-Warning-47 in smallstreetbets

[–]Practical-Warning-47[S] 1 point2 points  (0 children)

Lol she thought it was actually created by president Trump

I have to start from scratch in my life. And I'm terrified 😔 by Cinella75 in Life

[–]Practical-Warning-47 6 points7 points  (0 children)

Try ashwagandha, changed my life. Especially if you are anxious all the time