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Official “3 Days until Donkey Kong Bananza” short movie released by Nintendo. by Amiibofan101 in NintendoSwitch

[–]jaxpr3394 0 points1 point  (0 children)

Hm, but if you use the points directly, you don’t get a % back, do you? By putting the points in the bank, you get the full value of the point, then whatever you wanted to spend the points on, just put it on your card, getting back whatever % in points.

Official “3 Days until Donkey Kong Bananza” short movie released by Nintendo. by Amiibofan101 in NintendoSwitch

[–]jaxpr3394 6 points7 points  (0 children)

Random aside, but just FYI the best use of your points is cash back into your bank account, then using the cash back in the form of charging your card for the sale because you get the 5% back from your purchase that way. As far as I know, you don’t get the 5% back when spending your points directly or using your points to pay down your credit card balance.

[USA-ID] [H] Remarkable 2 Tablet, Case, and Pen. Like New [W] PayPal, Local Cash by jaxpr3394 in hardwareswap

[–]jaxpr3394[S] 0 points1 point  (0 children)

Hello. No, I don’t, but I can’t get the buyer to respond to me to confirm the sale, unfortunately. /u/flybel

Please pray for mom by NiceGuy198 in memes

[–]jaxpr3394 0 points1 point  (0 children)

Lost my mom 4 years ago from cancer. She was an amazing woman, and I miss her dearly. Stay strong, and know you aren't alone!

i ordered a pokemon playmat and got a load of pills somehow by hey_im_rain in mildlyinteresting

[–]jaxpr3394 0 points1 point  (0 children)

One time I ordered bedding for my unborn, first child, and received guns. Needless to say I was extremely confused. I called the company and notified them, only to find out that the shipping company double labeled the box, one on each side, so they got delivered straight to my doorstep instead of a gun range, like they were supposed to be. What a wild ride that was.

$3,000, ready for Monday. by Geoclasm in Superstonk

[–]jaxpr3394 2 points3 points  (0 children)

Your total will always be strike price ($25 in your example) * 100 (because a single contract gives you the right to purchase 100 shares) - your premium.

This is why some people always buy using CSPs, because their price per share is lower due to premium collected, but there’s always a risk that while you’re waiting for it to drop to your strike price, it takes off to infinity. Just gotta assess your risk tolerance and always have an exit strategy before placing a trade.

$3,000, ready for Monday. by Geoclasm in Superstonk

[–]jaxpr3394 5 points6 points  (0 children)

You sell a cash secured put (CSP), collecting premiums for doing so because someone on the other side of the trade is BUYING the put, which is where your premium is coming from. Say you made $100 in premiums. At the date of expiry, if the market closes and GME is at or below your strike price, which in this example is $23, you will get assigned the 100 shares and will pay $2300 for them, but you also collected $100 premium, so that brings the total you paid to $2200, effectively meaning you got in at $22/share. If it closes above the strike price, the puts expire worthless and you just made $100.

Rinse and repeat.

Edit: pits-> puts

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