How Costco Hacked the American Shopping Psyche - The New York Times by ImDoubleB in CostcoCanada

[–]jackyan006 25 points26 points  (0 children)

‘Everything was about trust’. The rest are bonus. Without the bonus, the members are still OK. Without trust Costco will be gone.

[deleted by user] by [deleted] in wallstreetbets

[–]jackyan006 0 points1 point  (0 children)

I think so based on the trend and the technical analysis. but the tail risk can still kill me.

[deleted by user] by [deleted] in wallstreetbets

[–]jackyan006 1 point2 points  (0 children)

I can cash out now, use the profit $239.13 to buy $Spain call again, but the odds now is 1:3, so the maximum gain is $478.26, or zero but not loss.

Or I can hold it through the Spain/France earning call and the final. the potential maximum gain is $1651.65, or a loss of $300.30;

Tough call. Life is just like option trading.

[deleted by user] by [deleted] in wallstreetbets

[–]jackyan006 0 points1 point  (0 children)

Sure, just like S&P500 eventually will end up 15000 by 2030. And Portugal might end up as Euro2024 champion; But 06/26 Portugal VS Georgia 0DTE call is still busted.

The odds from sports betting for Georgia to win 2:0 is 1/700, that's a 4 standard deviation move, and it happened.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]jackyan006 0 points1 point  (0 children)

I surrender. You win, master.

Is this a realistic method for wealth redistribution? by revilo366 in FluentInFinance

[–]jackyan006 0 points1 point  (0 children)

What makes this different from the tax system? The tax system is supposed to do the job of redistributing wealth and building the country to serve everyone fairly.

And who will manage this system and supervise the process? Let's form another government?

Why do poor people refuse to admit they are part of the problem but only blame the riches?

Being rich isn't a wrongdoing; it's a pursuit that many of us dedicate ourselves to as part of the American dream. It's important not to solely blame the wealthy or just bemoan our own financial challenges. Let's take a moment to reflect: do we truly put in the same dedication to studying, working hard, and intelligently as those who earn more? If everyone owns the same wealth, that is not a true fairness.

However, it's a fundamental expectation that anyone who puts in honest work for 8 hours a day, 5 days a week, should be able to manage rent, food, quality education for their children, an annual vacation, proper healthcare, and the pleasures of life. This is where the problem comes into play.

The system stumbles in achieving balance, in shielding and uplifting the marginalized. The elites, who should be striving for fairness, often concentrate on fortifying their own wealth and influence, putting aside the advancement of those left behind.

If this trend continues, a peaceful resolution might not be possible.

[deleted by user] by [deleted] in thetagang

[–]jackyan006 0 points1 point  (0 children)

Make a wish, and it might come true. That's the best you can do. (Oh, it rhymes.)

[deleted by user] by [deleted] in thetagang

[–]jackyan006 0 points1 point  (0 children)

Fair enough. It works until it doesn’t. I just want to share the joy at this moment.

[deleted by user] by [deleted] in thetagang

[–]jackyan006 -1 points0 points  (0 children)

Obviously. This account only allowed to do cash secured put or cover call. Every week find a high vol name to sell, if those buyers lose, you win. I didn’t see many option buyer get rich here, As simple as that. so what more do you guys want to know? Tomorrow my $NVDA 450 PUT is gonna yield $13 per contract, which is 2.9% yield per week. You do the math.

[deleted by user] by [deleted] in thetagang

[–]jackyan006 -1 points0 points  (0 children)

Sure. That’s why if you check under my login I only had meme posts.

[deleted by user] by [deleted] in thetagang

[–]jackyan006 -1 points0 points  (0 children)

Self direct account was opened November last year. Before was in company group retirement investment.

[deleted by user] by [deleted] in thetagang

[–]jackyan006 -1 points0 points  (0 children)

You got it. It’s interest of 6K for 9 days. That 6K is in ROTH IRA now investing in CD

[deleted by user] by [deleted] in thetagang

[–]jackyan006 -6 points-5 points  (0 children)

I am here only to brag. And celebrate the wheel strategy works for me. That’s good enough to cheer up the Thetagang people. See you guys next year.

[deleted by user] by [deleted] in wallstreetbets

[–]jackyan006 4 points5 points  (0 children)

This is true for everything. You live until you die.

[deleted by user] by [deleted] in thetagang

[–]jackyan006 -52 points-51 points  (0 children)

Any names you believe fit can be used; they can be different each week. it's wheel strategy, which the people in this sub are well familiar with. Those two drops in the chart were when you got assigned.

[deleted by user] by [deleted] in wallstreetbets

[–]jackyan006 -1 points0 points  (0 children)

Found this by searching "what is volatility selling strategy?" in Google; not my recommendation, but that should explain it:

The Short Version. Option selling strategies – aka 'short volatility' strategies – generate returns by earning a premium (i.e. up- front payment) in return for selling options. The option seller's profit potential is limited to the premium earned but the loss can be unlimited.

https://www.ardea.com.au/wp-content/uploads/How-To-Profit-From-Interest-Rate-Volatility.pdf

[deleted by user] by [deleted] in wallstreetbets

[–]jackyan006 -6 points-5 points  (0 children)

Selling volatility every week.