Message from @ThisIsChris
Discord ID: 396067644480159787
😃
worked out pretty well
Wow, I have to call no homo and no schlomo, but that's really awesome
I could have held on a few more weeks, but I was very happy with the return
opportunities like that don't come around very often .I was lucky enough to read the right news article
I was lucky it tanked so quickly too. If I had been off on my timing it would have been a washout
sometimes things work out!
Yeah good job dude putting that into action!
I love those complex strategies though
it's fun to see them mapped out in thinkorswim
I haven't seen a good opportunity for one yet. I usually keep it simple-minded.
Yeah I love looking at charts showing payoffs evolve in time, and how they start off in these weird smooth shapes that slowly converge to rigid slopes
Yes!
Can you tag me if you're making an interesting trade? I'd at least like to follow along. I might jump in too if I understand it enough to make an informed decision.
Yeah dude I definitely will, please do likewise!
I understand the fundamentals, but I don't spend enough time digging into opportunities
you bet!
Yeah that's a New Years Resolution of mine is to research opportunities. Past year I've just been doing things around earning season on FAAAMNNG or covered calls on SPY. I had more time to research this stuff a few years ago and looking to get back into it more
The YANG trade I mentioned earlier ^^^
Covered calls are fun
Great way to make your blue chips do a little extra work
Yeah I usually sell slightly OTM SPY calls expiring the next wednesday or Friday
I only have enough shares to sell one, so it's basically me picking pennies off the floor
So it's still worth it even after the transaction fees?
Yeah I can usually get 30-40 bucks out of it after commissions, per trade
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