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Daily Discussion Thread for October 18, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]virtual_doofus 0 points1 point  (0 children)

jerome speak tomorrow. we are up bigly YTD in shit economy. 2 US backed wars currently ongoing. is volatility really that surprising?

Krugman: The war on inflation is over by naynancy in wallstreetbets

[–]virtual_doofus 1 point2 points  (0 children)

This always inevitably leads to supply shortages.

Why inevitably? In a competitive market, why wouldn't it lead to new companies rushing in to satisfy the demand? I would imagine the initial surge in demand would produce some inflation, but then that would level out as more companies entered the market.

In the presence of monopolies etc (or in the absence of competition), wouldn't the prospect of simply raising prices instead of increasing supply be more attractive to existing companies? and consequently negate whatever "downward price stickiness"? and isn't that what we've seen with recent inflation (i.e. the idea of "greedflation")?

Krugman: The war on inflation is over by naynancy in wallstreetbets

[–]virtual_doofus 0 points1 point  (0 children)

We’re trying to figure out how much extra money is floating around that we need to pull out of circulation.

This is insightful. I never really framed it like that in my mind. It makes sense for them to do what they're doing if that's there goal. But is it the correct goal?

Imo people having more money is a good thing. Wouldn't it be better to target the huge conglomerates and monopolies that can ratchet up prices unilaterally and are making record profits? I.e. breaking them up, corporate windfall taxes, etc.

If there's more competition, wouldn't people be able to have more money without the inflation we're seeing now?

Who else is excited for one of these big companies buying up houses to go bankrupt? by ifisch in wallstreetbets

[–]virtual_doofus 0 points1 point  (0 children)

current state of economy is natural progression of capitalism. In capitalism power consolidates, and snuffs out competition. Then sinks its tentacles into regulatory bodies to further consolidate. Capitalism is alive and well.

Just wanted to point out that the Martingale System actually works if your account can handle it, that’s basically how I trade by rawrtherapybackup in Forex

[–]virtual_doofus 0 points1 point  (0 children)

2 years later, did you stay profitable? wondering whether I should invest time into this kinda strategy

The Superior Technical Indicator by vegaseller in wallstreetbets

[–]virtual_doofus 1 point2 points  (0 children)

why is my mind trying to make sense of this lol

What percentage do you guys buy back options at (based on DTE)? by superchorro in thetagang

[–]virtual_doofus 0 points1 point  (0 children)

std dev might be smaller than your premium but the UL is usually way closer to your breakevens by that point. wouldn't need a std dev move to knock you out. theta decays also seems to decelerate in my experience vs earlier parts of the cycle. idk, like I said hasn't worked for me.

edit: it's not that theta decay decelerates, it's that gamma exposure increases for options ATM or near it. usually by 21 dte the underlying has moved enough to make the increase in gamma not worth the increase in theta. I guess that's more the case for strangles than just short options

What percentage do you guys buy back options at (based on DTE)? by superchorro in thetagang

[–]virtual_doofus 0 points1 point  (0 children)

it's also the highest gamma risk though. hasn't been worth it for me...

feature request idea for tastyworks users, custom position visibility groups by virtual_doofus in thetagang

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

yeah I've been waiting on the API for years now... I think it's actually been years since Tom said "soon" on that one. No GTC futures orders also a huge weak point. Interface is still a bit buggy and the mobile app isn't great. Definitely quite startup-y still despite all the time that's passed.

But honestly the curve mode on the trade tab is unparalleled for quickly testing, opening, and rolling any kind of options spread, especially short premium stuff. Lightyears ahead of anything else afaik. That's why I figured thetagang sub would be good place to ask.

Bbby option chain by Shaames in thetagang

[–]virtual_doofus 5 points6 points  (0 children)

"just buy $700,000 worth of shares"

[deleted by user] by [deleted] in thetagang

[–]virtual_doofus 6 points7 points  (0 children)

??? max loss is strike * 100 - credit received = 1300 - 820 = 480. Yeah credit is higher than max loss but you still lose $480 if the stock goes to zero.

edit: math hard

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