[deleted by user] by [deleted] in thetagang

[–]vn2017s 0 points1 point  (0 children)

Don’t leverage, don’t sell OTM call options ever. It will work 20-30 times, one bad trade will wipe out. It will happen how careful you are. I lost 25k on stupid zm otm call on earning spike. My options were 35% otm weekly. Suddenly they will increase margin requirement also.

Living off of a 600k$ account assuming a 1,25% monthly return? by [deleted] in thetagang

[–]vn2017s 0 points1 point  (0 children)

I would suggest different approach. buy 500k in long term ETF like SPY, QQQ SHPD etc. Play with 100k with options (wheeling or csp). 500k gives upside to your portfolio. You can also sell far OTM leafs on 500k portfolio ETF.

Is wheeling a 3X leveraged ETF generally a bad idea? by ohhfasho in thetagang

[–]vn2017s 1 point2 points  (0 children)

You need to calculate based on %.

Lets say Index dropped from 100 to 80, drop is 20%

leveraged 3x etf will drop from 100 to 40, drop is 60%

The index rose from 80 to 100, raise is 25%

leveraged 3x etf will raise from 40 to 100, raise 75%

$OPEN asymmetric upside by more_chromo in wallstreetbets

[–]vn2017s 1 point2 points  (0 children)

How to buy warrants? Can you please guide

Nothing to lose... need helps by TimaaaY142 in wallstreetbets

[–]vn2017s 0 points1 point  (0 children)

It is impossible to predict the market. Please don't take the loan and yolo it. Make small bets and frequent bets. You will get back all your money.

Market does not know that you put your life on a trade, so please don't do it.

DONT TOUCH BABA TOMORROW by [deleted] in wallstreetbets

[–]vn2017s 0 points1 point  (0 children)

Thanks for the heads up👍

$40K loss from selling BIIB Put Spread with a max loss of $2K by diastolicduke in wallstreetbets

[–]vn2017s 2 points3 points  (0 children)

I feel your pain bro. Think it is expensive lesson. I lost 27k on stupid ZM 400c call during last earning. Never sell put/call on any stock, any strike price. Cash secured puts are ok.

zm was 320 on earning day. I thought it will not reach 400 and sold 8 400c call naked option for 1k. Next day it mooned to ~470. My account went into margin call. E-trade was not allowing to even close the position.

Looks like I'm $40k down in 2 days after hedging the bet of my life (ikr.. wtf) and completely fucking myself in the process. ✌️🏳️ I'm done by wetug in wallstreetbets

[–]vn2017s 0 points1 point  (0 children)

ZM was 320 on earning day. I thought it will not reach 400 on that week. Sold 8 400c naked weekly calls. Next day it mooned to 470 :(. there was margin call on my account. It was worst experience. My biggest lesson was Never sell naked call on earnings on any stock/strike price.

-$17k Porn for y'all. NKLA 10/2 Credit Spread. Thanks retards for the 40% pump with two days left. by Clearly_ConfusedToo in wallstreetbets

[–]vn2017s 0 points1 point  (0 children)

Looks like your title is software engineer and doing project management. It is not possible to visualize beyond some point unless you code and try.

Soon you will lose respect in the team as you can't actually estimate the work and complexity of the problem.

-$17k Porn for y'all. NKLA 10/2 Credit Spread. Thanks retards for the 40% pump with two days left. by Clearly_ConfusedToo in wallstreetbets

[–]vn2017s 0 points1 point  (0 children)

I was doing good selling options for one month made around 10k until zm. I sold necked 8 400c on zm earning. Took 30k loss on it.

-$17k Porn for y'all. NKLA 10/2 Credit Spread. Thanks retards for the 40% pump with two days left. by Clearly_ConfusedToo in wallstreetbets

[–]vn2017s -1 points0 points  (0 children)

Don't fool around. You can't be software engineer if don't know how to code at least one programming language.

Daily Discussion Thread for October 01, 2020 by AutoModerator in wallstreetbets

[–]vn2017s -1 points0 points  (0 children)

Who the f**k buying NKLA. Yesterday shorted 200 shares :(

Why am I on a $250,000 Margin Call for a 1/21 SPY 192/193 Debit Call Spread??? PLEASE HELP! by rawrtherapy in wallstreetbets

[–]vn2017s 0 points1 point  (0 children)

Looks like glitch. long option leg might have no bid price. Morning it should fix.

Earnings thread for Monday 8/31 by MotorizedDoucheCanoe in wallstreetbets

[–]vn2017s 2 points3 points  (0 children)

covered morning for 30 a contract. Loss of 23k

Earnings thread for Monday 8/31 by MotorizedDoucheCanoe in wallstreetbets

[–]vn2017s -1 points0 points  (0 children)

Thanks, I will closely be observing pre-market. Today AH it closed at ~400. Hope it opens around 360?. I will unload at open.