Message from @Deleted User
Discord ID: 396069113023430656
not bad
over a month adds up to about 120-150. Really small considering what I have to put down to cover it, but I was burned during Q3 earnings season and I wanted to do something calm
My broker has an API, but they only open it up if your account is freakin' huge. I would love to automate something like what you just said
Which Broker is that?
Ameritrade
Hmm I've heard of it but never used it
Interactive Brokers has an API, they require a minimum of 10k
oh wow
Ameritrade is 400K
holy cow
yeah Interactive Brokers is only one dollar trades too
plus something per contract I think
Ameritrade is damn expensive: $9.99
plus fees for options also
Yeah the cheap commissions plus API is it's selling point, though I don't have an account there
Wow man yeah that is pretty expensive
Are their preipheral services good or something?
eh, they're okay. Good with tracking for tax purposes
good customer service
and I don't make any trades
Interactive Brokers provides absolutely no frills lol. Not even stock quotes, you would have to look that up on Yahoo. Though they will supply you with data for extra subscription fees
I see
I'm talking about them because I researched them, but i don't actually use them. I use Schwab
quoting through pleb-tier finance sites is almost real-time now, so that's a decent trade-off
Schwab is like 8 dollars an option trade plus .65 per contract, and they only allow two legs per trade, so building something like an iron condor costs quite a lot which is why I don't bother most of the time
On the Iron Condor I sold there, I think I paid like 30 bucks in fees
Ouch
Ameritrade would be about the same though
Here's a trade I've starting thing about
I was thinking about @Zyzz 's thesis about the S&P500 going up this year
and I was thinking to research it a bit more, but here's my idea
Buy a long term (Maybe a LEAP) OTM call option, but sell a near term call at the same strike
that way trying to save on the time premium
I would need to research more to try to figure out a good window of time
thats an interesting thought
buying the dec 2018 295 strike is ~$2.60. that implies 10% appreciation over 2018
@Zyzz Yeah maybe we can put our heads together and crowdsource this together. (Since this isn't happening right away I think, then I think we have time). Here's the three questions I would like to figure out: 1. What is a reasonable price target that can be achieved this year? 2. When is a reasonable window in which it might reach that target? 3. Are there any reasonable near-term windows where we might think it *won't* hit the target? For example maybe the answers are 4%, September, and March, respectively
Hmm now we're cooking, let me pull those chains up
@ThisIsChris so heres my thought as to how we will figure out a price target. we need forward earnings predictions and then apply a reasonable multiple to it. that will allow us to back into our price target.
we are essentially taking earnings predictions and applying a multiple to it. the trick with the multiple is we need to assess if it could compress or expand