/smg/ - Strangle Market General

The long strangle, also known as buy strangle or simply "strangle", is a neutral strategy in options trading that involve the simultaneous buying of a slightly out-of-the-money put and a slightly out-of-the-money call of the same underlying stock and expiration date.

>I'm new to the stock market, what stocks should I buy?
Before you buy anything, make a brokerage account and read investopedia articles and/or the books in the OP list. If you don't have a broker, you can't buy stocks and if you blindly buy things without understanding how the stock market works or doing any research on the individual stocks you're buying, you will lose money and it will be entirely your fault.

List of popular brokers:
pastebin.com/mrSchZPg

List of basic stock market terminology for newfags:
pastebin.com/VtnpN5iJ

Real-time market news:
thefly.com/index.php

Educational sites:
investopedia.com/
khanacademy.org/economics-finance-domain

Free in depth technical analysis charts:
tradingview.com

Premarket Data:
pastebin.com/y9PRQLR3

Earnings Report Calendars:
biz.yahoo.com/research/earncal/today.html
earningswhispers.com/calendar

Pump and Dump Advertising:
stocktwits.com

S&P 500 VIX Futures (For SVXY/UVXY, higher is better for UVXY, lower is better for SVXY)
investing.com/indices/us-spx-vix-futures

Basic rundown on lean hogs:
theoptionsguide.com/lean-hogs-futures-buying.aspx

Biotech Catalyst Calendar:
biopharmcatalyst.com/calendars/fda-calendar

Suggested books:
pastebin.com/jgA5zTuC

Previous thread:

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Other urls found in this thread:

cnbc.com/2019/01/12/goldman-says-earnings-may-grow-just-3percent-this-year.html
doradobeach.com/real-estate-puerto-rico/act-20-22-tax-advantages
puertorico.craigslist.org/apa/d/rincon-the-oasis-1-2-bd-furnished-beach/6775529802.html?lang=en&cc=us
puertorico.craigslist.org/apa/d/linda-casa-paisajes-ciudad-jardin-gurabo/6776715072.html?lang=en&cc=us
twitter.com/AnonBabble

Short NFLX
Yay or Nay?

kneepad ist back

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Crypto is a leading indicator for stocks. Get ready for a bad day tomorrow.

Nay

It doesn't look sustainable to me, disregarding the absurd market cap and P/E ratio

But yeah this stock is similar to Tesla, makes no fucking sense

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>Unironically the meme bubble chart.

It gets even worse

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What's the source of this pic?

Selling my crypto at a 70% loss and buying index funds a couple weeks ago was the best decision of my life.

all markets are bubbles. netflix has big backers behind it in order to placate the masses. they are not going anywhere.

But does that justify a 145 billion dollar market cap? I mean fucking Disney is worth 160 billion...and they have ESPN, Fox, LucasArts and Marvel.

What does Netflix have?

Netflix is finished. Everyone wised up and stopped leasing them streaming rights to their shows and launched their own services. Nobody gives a shit about their meme original programming. Once Disney launches their own service it's all over.

I was going to make a vento aureo thread you little shit

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>it's.... beautiful

I feel reborn

Im a Baby now!

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Doesnt matter what it has, its going to all time highs to blow out the small specs again

>creating a new thread before the bump limit or image cap

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Buy NIO

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Reporting LCI Question

say the market re-tests dec. lows after lackluster bank earnings, in your opinion will lci go down in tantamount fashion, thus making a red day for the indexes a good lci buy opportunity? Trying to find a nice dip entry point but I dont know much about the price action for LCI

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:D
:D

Yay

>all these anons talking about FOMOing into LCI now that it's up yugely

As a general rule, don't FOMO into things when they've already gone up significantly, just find another opportunity

FOMO is part of the squeeze. LCIguys shilling will pay off with small.specs not wanting to miss out, forcing the squeeze higher and higher
Eventually they'll be left holding the bag of course

its going to pump to $20 easy

numbers say that you're wrong. they have way more people watching them than the traditional cable channels.

buy SQQQ

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Even my fucking SurveyMonkey is up like 30%

I hope your ready for the Golden Bullrun Part 3 starting tommrow

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don't buy memestocks when buffet is watching you

*sips*

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Wrong. Bubbles is the best way to get growth.

tell that to the shitcoiners

mmm grayons

Even I was able to make gains off shitcoins, easiest trades ever
I put $100 into Ravencoin and sold the next day for $400, fucking EZ
Of course it was worth $4000 the next day, which makes me want to fucking kill myself because I could have paid off my damn car
Also rode the potcoin pump and dump when Dennis Rodman went on TV kek

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shitcoiners are making money you retard.

>tfw Apple is the biggest memestock of all

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do not buy SQQQ

reminder that the bottom came 4 days after you made this post

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Holy shit that is scary. It's literally the exact same image. Should I liquidate on Monday morning? This rally is not sustainable looks like we will crash hard once we hit October lows.

>shitcoiners are making money you retard.

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i don't mess with tech because it's just not my thing

but damn if this don't make me wanna buy puts lmao

im not going to turn this into a crypto discussion, but for the sake of economic discussion. there is no reason to deny that some people did make money off cryptocurrency, even if more people lost their money. all markets are fundamentally like this.

Look at current tech evaluations and tell us bubbles don't give explosive growth you absolute mong

>trying to get me to defend an argument I'm not trying to make

pass

>implying Buffet would buy companies at their all-time highs

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it hasn't even started.. look at volume.. it's going to climb nicely while you sit on your hands...

Want to share a slice of pumpkin pie?

>wannabe buffet who talks down to other people while falling for the exact same psychological traps they do and pretending to be much more knowledgeable about the market than he actually is

sad

warren buffet

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I don't want to ruin it for you, if I buy in it will certainly crash... but if I put in $800 I could have $1600.... :^)
Literally you

haha idiot

It hasn't been trending with the market much.

I've never claimed to be anything other than a novice

coke is worth $80 per share. Literally grabbing any of it now is a great deal.

here's a redpill:
bubbles = where the current liquidity are. You want to chase where the numbers are rising the fastest to capture the cutting-edge trends.

I do agree that KO is a good buy, and that dollar cost averaging over time will put you in the green in the long term either way

SSO AND QLD RISE UP

TAKE THE PATRICIANS MATHEMATICAL IDEAL LEVERAGE 2X LETS GO

Aww, you're so sweet. How goes the the search for a daddy bear bf?

It might pull back but not in a huge way without bad news. And the shorts haven't covered. It's a good stock to fomo into for now.

If it does dip I'm adding a few thousand more.

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Don't fucking tempt me you dummy fag

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a lot of times in market corrections people go shopping for discounted stock... LCI being one of them

Also.. not all stocks are perfectly insync with the market

I don't see a reason for it to tank significantly in the near term either, I'm just saying at least wait for that dip/consolidation to buy in

The overall sentiment this general has towards LCI at the moment is way too positive for me to want to buy in right now
It reeks of FOMO

>The overall sentiment this general has towards LCI at the moment is way too positive for me to want to buy in right now It reeks of FOMO
FOMO or not LCI is undervalued as fuck.. it has been for awhile.. shorts let their algo run them into a pickle.. unraveling a short position that size isn't going to happen overnight.. not to mention according to finviz the float went from 32million to now 27million.. Guy Gentile himself took around 3million out of the float is locking his shares up

The float is getting locked.. shorts are going to get squeezed hard!! Go ahead and sit on your hands while easy gains pass you by.. it'll be a good lesson for you...

>All this speculation
Citi earnings is going to decide the fate of the market.

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FINE FUCK YOU I'LL BUY SOME TOMORROW KYS REEEEEEEE

Goldman earnings indicate things are turning bad cnbc.com/2019/01/12/goldman-says-earnings-may-grow-just-3percent-this-year.html

oh boy

i'm willing to let that happen, if necessary
i'll be watching the coming weeks, it'll be a lesson either way

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>goldman telling retail to short

could things be more bullish

One day you'll understand what a short squeeze is

The stock market as a whole is forming a bear trap right now. Look for bearish divergence and topping behavior before shorting and accumulate on the C leg of the ABC correction.

High risk and high testosterone people can play the bear trap. by buying partway in and hoping they get out in time.

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Here's a little chart I'm making of Buffet holdings with good FA indicators
Data comes from finviz and gurufocus

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It's "Buffett"

I like it better as Buffet because of the restaurant lol, like your eating gains

warren buffet

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Buffets are for fat people and degenerates.

babu babu babu babu babu

Why the hell did he put money on ORCL?

how fucked am I?

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if you don't know anything about those companies (I'm assuming you just bought them because you wanted to gamble on penny stocks), just lock in your gains now

You could only be more fucked if you were restrained on my bed.

so what you're saying is I should buy more RGSE? got it! thanks pendugay!

no problem

the 5 day RSI and MACD actually look pretty good on RGSE

Does anyone here make most of their income from trading stock or crypto? if so would anyone be interested in throwing down for a place in puerto rico??

Puerto rico act 20 and act 22 will mean you won't have to pay federal taxes on your capital gains or your dividends.. meaning you will pay zero taxes if you live there for more than half a year.. I've been looking for somewhere to move and i think that might be the place.. seriously.. if any of you are interested let me know...

doradobeach.com/real-estate-puerto-rico/act-20-22-tax-advantages

yeah but the downside is you'd be living in fucking puerto rico

Australia is probably trader capital of the world ATM because they have no capital gains on anything

will I be living in the ritz carlton? if so, I might agree to this

Do you have trailing stops? Might be a good idea to put some in. Or move them up yourself like a muggle.

DON'T EVER TELL ME WHAT TO DO!
I don't need advice from you, ok?

Australian here.

You fucking what mate? Capital gains tax applies to like everything, crypto included.

Read the ATO website on CGT and Crypto

I just double checked and this also seems to apply for shares. So there you go.

You may not pay federal income taxes, but the area also doesn't get the benefits allotted to states. There's little value in being rich in a poor country, as they say.

>yeah but the downside is you'd be living in fucking puerto rico
that doesn't bother me.. i spend a lot of time in mexico.. couldn't imagine it being much different.. as long as i got internet connection and a bar close by with a pool table..

>they have no capital gains on anything
even for U.S. citizens? puerto rico is zero capital gains as well.. i'm also a felon and can't really go to Australia which is kinda stupid since Australia is basically a bunch of ex cons or decedents of ex cons..

there are some nice places.. was looking to buy.. but then decided to just look at rentals.. some decent ones by the beach

Could probably rent something similar to this for a year just to see how it works out.. id easily have my half of rent covered.. if we get a few people to go in we could live real cheap for a couple years and pay zero in taxes then go our seperate ways

puertorico.craigslist.org/apa/d/rincon-the-oasis-1-2-bd-furnished-beach/6775529802.html?lang=en&cc=us

I live in california and everything is expensive as fuck not only in buying property but also renting.. plus taxes here suck... (although i hear puerto rico sales tax are a little high)

you only have to be there half the year.. you could always come back to main land here and there.... just a thought.. since it's zero taxes...

I disagree, being rich in thailand has been nothing but beneficial for all the expats I've met

Zizek was right, Trump was the communist accelerationist choice the whole time.

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heres a 4 bedroom.. if we get a few people we would have cheap rent and zero taxes..

puertorico.craigslist.org/apa/d/linda-casa-paisajes-ciudad-jardin-gurabo/6776715072.html?lang=en&cc=us

Was just about to say a place like Thailand. It all depends on the country, but broadly speaking user's correct, not much gain in being rich in say Africa.

holy crap am was tripping, need to lay off the drugs

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it'd only be for a couple years until you build up some wealth..

Also.. i wouldn't mind being a wealthy person in a poor area...

based and free market pilled.

Stupid question,

On Robinhood it says for a 12$ Call with a 2.48 premium expiring jan 18th for SQQQ, the breakeven point is 14.48

But the price its traded at currently is 14.52? Couldn't I purchase the option and exercise my option and take the 14.48 - 14.52 difference right away?

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