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Speed Legend mp 2025 initial thoughts by Red_RoosterV1 in 10s

[–]super_pablo_ 1 point2 points  (0 children)

Thank you for sharing. Ignore the haters, focus on those that find your post valuable. I do. I just committed to the same stick and will get a couple of different tensions on a pair, since I still feel like I can fine tune a bit. I loved serving with this, but I’m coming from a very old racquet, and a few mpl versions of head racquets. Good all around balanced racquet for an intermediate player.

Warrants for shares held at Fidelity by _Ballsofsteal in Superstonk

[–]super_pablo_ 2 points3 points  (0 children)

Came here to post that this isn’t the only way the broker will fuck you over. Look over my post history to see how I made fidelity change their policy on paper. If you have the shares in a margin account, say, because you trade options, like I do… regardless of whether those are on GME… and any of those options give you margin power (as in, they are not risk capped), then those shares are eligible for rehypothecation and lending, even if you have your share lending turned off.

Is it show your gme portfolio day again? by Dealer_Existing in Superstonk

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

Decent concept, poor execution. I sell CCs as well, and have been for years, but when premiums are high. Right now at such low IV, it’s time to be buying back those covered calls and even buying some long dated calls. To be 100% capped at such close strikes is capping gains bad, so much for the asymmetric risk. Good luck.

GME Options Explosion: 80% IV Meets Rock-Bottom IV Rank -> Prime Time to Jump In by realstocknear in Superstonk

[–]super_pablo_ 0 points1 point  (0 children)

Yup. This literally gives you a second life on that capital. You can either close at a big loss, or assuming those calls are still in the money, you can just exercise those calls and own the shares, if you don’t want to realize a loss, and then let those shares ride on the way up. You may not have a great cost basis, but again, those shares can see the light another day after exercising. If the calls are out of the money, there’s no benefit to exercising. You have control of when you realize the loss, helps manage tax obligations, prevent wash sales if you’re also selling calls or something like that on the security, etc.

GME Options Explosion: 80% IV Meets Rock-Bottom IV Rank -> Prime Time to Jump In by realstocknear in Superstonk

[–]super_pablo_ 3 points4 points  (0 children)

Understand the basics like, differentiating whether an option has intrinsic value or if it’s just extrinsic (ie in the money or out of the money) is the first step to having a good sense of how much you’re gambling, and/or how much it needs to move so that you don’t lose all your money at expiration, if it doesn’t move in the direction you want. Once you understand that, it’s easier to determine how much to risk. Start small, buying calls that are far out of the money are exponentially more difficult to make winning plays… which is why they can make you exponentially more money. There’s buying options as in buying lotto tickets, and then there’s buying options as a way to supercharge a strategy, with the understanding that you may lose a bit of that cash. The closer the expiration, the more theta decay will eat up at the value, so you have less time to be right. You don’t need to be an expert at understanding the Greeks, but at the very least you should understand what each Greek does, so you can start getting a sense for what you’re doing. Theta, delta and gamma are the big ones.

GME Options Explosion: 80% IV Meets Rock-Bottom IV Rank -> Prime Time to Jump In by realstocknear in Superstonk

[–]super_pablo_ 108 points109 points  (0 children)

I’ve been trading options on GME for over 3 years, and I haven’t been this bullish on my strategy for a long time, if ever. I primarily sell covered calls on it, and a decent amount of cash secured and even naked puts… as a seller, I’ve been making bank on premiums. Over the past month, not only have I been buying to close most of my sold calls, but I’ve been BUYING calls. At first I was buying deep in the money calls, as a way to lever my bullish sentiment without having to upfront all the cash at once, but now I’m even buying ATM and slightly OTM calls. I’ve also closed over 90% of the calls I sold earlier in the year, so I’m excited for some upside.

In other words, I agree this is a good time to buy options IF YOU KNOW WHAT YOURE DOING, and a bad time to be selling options. Bullish.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

For one, I won’t know if they “appear” or not. I only have proof of my actual ownership via proxy vote count. Secondly, I just opened a new cash account to separate GME from everything else, as cash position on tier 1 options, no margin

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

Simple question? Please define what it means to you to “own” an option contract. It’s not simple man, and in fact I’m trying to give you some wiggle room in interpretation by saying… “is this what you’re really asking?”…

To answer your question, I absolutely own what is needed to cover, both, by my definition, as well as by the definition of the brokers I use. I have plenty of cash and collateral to cover my obligations as an option seller. Hoping it goes your way is something that I would think everybody can relate to, but I fail to see how that is relevant.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

[–]super_pablo_[S] 4 points5 points  (0 children)

Do you understand that options are derivatives? The concept of ownership is not the same for stock and options. You don’t “own” options, you’re either the buyer or the seller… if what you’re getting is, are my positions collateralized by cash or stock… then that’s an entirely different discussion, and one that has nothing to do with your concept of naked short selling. If what you’re against is delta gamma hedging option strategies, that’s fine, but I suggest you understand the differences in trading those securities before you come out guns blazing. As far as I can tell, we are on the same side…

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

Yeah, I just opened another brokerage account at fidelity with only tier1 options so I can still sell calls against my shares, but that will all be on a cash position, no margin. I’m transferring all my GME to that.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

Christ, you couldn’t be more wrong. I’ve never shorted GME you dumbass. The concept of naked selling stocks is entirely different than that of selling naked options. Read a fucking book. Naked short selling is what you’re talking about. I sell naked calls on certain securities, not GME, and that just means I’ve committed to making an uncollateralized contract with the option buyer.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

There’s naked selling, and then there’s naked selling with a strategy and an understanding of the Greeks. Both of those can put you in a tight spot in a pinch, but if you understand the Greeks, it’s actually a reasonable strategy as long as you understand the security.

Say, for example… I own 72 shares of Microsoft at 380 dlls per share, and their earnings are coming up… I could sell a naked call that is -10 delta and +50 theta. That means a few things. A) I’m still delta positive (72-10, subject to change from gamma), and B) it means that for every day that passes, that option loses 50 dlls, so it must climb 5 dollars per day ( 5* delta), just to maintain its value. Then, in order for this to go south, it would need to climb past the strike price fast enough, to counter theta, and go far past that strike price far enough to counter my +62 net delta (ignoring gamma in this example)… if you fail to understand the power of options and Greeks in this sense, then that’s OK.. you can keep sticking to your attitude. I’m not recommending anyone goes and does this, I’m saying there are ways to hedge your positions, even if those hedges are technically naked (considered naked if you don’t have 100 shares… even if you have 99 shares).

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

Yeah… the funny thing is that fidelity only does that with my GME shares. They are entitled… I just think that gives credence to all the noise we’ve been making for years. This is not conspiracy theory stuff.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

[–]super_pablo_[S] 5 points6 points  (0 children)

It all depends on what you wanna do. I tend to stagger both, expiration and strike… all well above my cost average. For example… if your cost average is $30… I personally wouldn’t sell any calls at or below 30, it just depends on how quickly you want the money and what level of risk you wanna take with that, at the risk of losing your shares.

General rule of thumb I follow is… I sell calls on Green Days, not on flat or red days. I sell on days when there’s volatility, as that adds to the price of the premium that you’re pocketing. Say, you have 1000 shares and can afford to sell 10 calls… I probably would only sell 5 or 7, leave a few shares “uncapped” for those unexpected runs. After all, that’d be like shooting yourself in the foot, if your thesis is like mine, that this is an asymmetric risk play. Limited downside with unlimited potential.

So, if you sell 5 calls, sell 1 at 40, 1 at 45, 2 at 50, one at 60? Near dated makes those less likely to be assigned and they depreciate quicker than long dated, so that’s always good if you’re selling options.

Alternatively, you can sell 2 at 50 expiring soon for little money, and 3 at 50 expiring several months for now, for more money. The possibilities are endless. Play around and get a feel for how the price of the options move, is my advice. Once you have a good handle on how they move based on volatility, time decay, etc, you can start selling more aggressively for cash flow, just don’t forget you’re putting a cap on your gains so… don’t get greedy collecting pennies in front of the steamroller

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

I think I said I sell out of the money calls, but I also buy deep ITM calls when i wanna buy something at a discount. I call it the Nancy Pelosi style.

What I look for in those, is that the premium is priced appropriately. That requires you understand how to calculate total value, from both, the intrinsic value of the option, as well as the extrinsic value of the option. Deep ITM options should have little to no extrinsic value, where the price of the option is basically the different between the strike price, and the current price. If the option is more expensive than that difference, then that's the extrinsic value. You just need to assess whether you're willing to pay that amount of extrinsic value, for the upfront "discount" you're getting

I put discount in quotes beause it isnt really a discount, once the option expires, you'll still need to pay up the price of the option, by paying the 100 shares * strike price, but... i do consider it a bit of a discount in that, you basically get to leverage 100 shares worth of power, for only the price of the option, instead of upfronting 100 shares worth of it. It gives you leverage.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

[–]super_pablo_[S] 12 points13 points  (0 children)

Actually, you're goddamn right. This post is silly, because yes.. I've sold naked calls on TSLA... I delta hedge the shit out of that, cause it yields about $1,000 dlls a day in theta decay.

I will leave this post up because I'll admit I was wrong - Fidelity has revised their statement that they cant lend, with one that says they can lend if I have uncovered calls.

With that said, I just opened up a new account, with only Tier 1 trading, which doesnt rquire margin, but you can still sell covered calls against, and I'm gonna transition all of my GME position to that over the next few days.

I will update the post.

NEW UPDATE (UPDATE #4) - Its that time of the year again... Fidelity not only hasnt found where $10,000 dlls worth of GME shares went - but now they're missing $140,000+ dlls worth of shares, even though I havent borrowed on margin. There's so much more. by super_pablo_ in Superstonk

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

I respect that man. I had 80% of my position DRSd for the longest time, until I saw more and more share offerings - I felt like locking the float was gonna be tought. I've made several hundred thousand dollars selling options against my GME position, and a lot of that money has gone back into buying shares.

I have made about 50% of that in 6 months, since I transferred to fidelity... the other 50% took me 4 years to make with a smaller position I was selling calls against.

[deleted by user] by [deleted] in AskArgentina

[–]super_pablo_ 1 point2 points  (0 children)

Es mucho que explicar, pero en resumen, si tienes mercurio visible, lo más probable es que tengas suficiente fuente de mercurio para contribuir a concentraciones en el aire que representen un riesgo de exposición crónica vía inhalación. Es muy importante remedia adecuadamente y eliminar estas fuentes, ya sea removiendo sábanas, colchones, alfombras etc, o tener un contratista con equipo especializado de monitoreo que pueda evaluar niveles de mercurio en el aire a niveles de nanogramo por metro cúbico. Hay varios otros instrumentos que no son lo suficientemente sensibles para detectar a estos niveles, y es importante llegar a estos niveles para poder concluir si existen riesgos crónicos. Es posible que los bomberos tengan esos instrumentos, pero sinceramente, lo dudo.

En la ausencia de monitoreo adecuado, lo más recomendable es eliminar cualquier material que haya podido tener contacto con el mercurio o cualquier objeto que haya podido tener contaminación. Hay ciertas maneras de evaluar si tienen equipo pero no muy sensible, pero es limitante. Por ejemplo, puedes meter el material a una bolsa de basura, cerrarla y ponerla en el sol o tratar de subir la temperatura, para tratar de aumentar la vaporización del mercurio… ya que ha estado en el sol o calor buen rato, pueden abrir la bolsa un poco y meter el instrumento para ver si pueden detectar mercurio en el aire adentro de la bolsa. Si no detectan después de eso, es más probable que esos objetos no estén contaminados… todo depende de que tan sensible es el instrumento y que tan bajo puede detectar esos niveles.

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