Anybody else fall for the options trading meme?

kek. Yeah, I know a person or two is trying that.
I'm very interested in seeing the results.
Without any meming though, that is exactly how one hedge firm profited very heavily from the VIXplosion in February -- they saw that XIV and other short VIX strategies were overcrowded and had been buying calls on it for like 6 months until it finally happened.

Mfw when bought Vix calls a week before the volocaust

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>but I'm worried that it's priced in.
Stop worrying, and assume they are, because in all likelyhood, they are. To make any money in that arena, you need an insider to tell what the price is, otherwise you're betting against forces you can't even comprehend. Or you get lucky and catch some of their tailwind.

They have some nuances or caveats that make them harder to trade than stocks.
You should join the /smg/ threads btw. They're most active from 1 or 2 hours before market open until about 2-4 hours after close, with mostly shitposting after 4:05 US eastern time

>volocaust
That's a new one. I like it.

I have to at least prove it to myself, otherwise I'm a cuck.
It's not a huge position, but I'd love to be right AND make money.
I was able to make a very successful play on FB with the Cambridge Analytica bullshit, so there's at least some chance that I can do this.

A riskier play on treasury yields is to just go puts on financially stressed companies
Tesla being the most visible example as of rn

Are canadians welcome

There's definitely EU people in there, and at least one guy does OTC which covers foreign companies, so absolutely!
We actually have a thread up now.

>January 2017
>Knew about Bitcoin but never decided to research it etc
>decide to start trading options
>lost 5k options trading
>tfw if I had put it in basically ANY crypto at that time and held I would be retired right now
JUST

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every single trading meme is pushed by the brokerage firms, who actually make all the money from txn fees.

Like when you go back and backtest all the technical analysis strategies, they dont outperform indexing or a diversified by and hold strategy, net of fees.

So the brokerages hire a bunch of "gurus" to teach "systems" which are ridiculous, but generate alot of transaction fees for the brokers.

This is literally the scam of wall st.

options strategies are really hard to win, purely cuz of the spreads. You have to realize that when you take out a long call/put - the broker is the contra party to the trade. So they know their exposure, they know who they sold other positions to... they know so much more than you. So even if you have a great idea, like you're sure TSLA is gunna get fucked after earnings and you buy a bear put spread or something, the spreads fucking kill you.

>Hey guys I read A Random Walk Down Wall Street
>I'm a fundamental analyst

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Lol at spreads, Give me complete victory, or death!

>hey guys I actually know what user is talking about I'm going to belittle his completely objective and scientifically verifiable post just because I know about it.

>i'm a complete faggot

im taking about the broker dealer spreads that fuck you. Definitely agree fuck spread strategies.

I like the straddles. My best option trade was when the iphone 6 was coming out and I took out a straddle on that shitty company that was making sapphire displays to replace the gorilla glass in the iphone 6. After the apple announcement, it was revealed the 6 wouldnt have the sapphire displays and the stock went to zero. Make like 10k off of a 2k position.

trading EMA crossover 55, 200 strategy on bitcoin and I am up 450 percent since jan 1, 2017. I am retarded and idk how tf this strategy is still working.

once this strategy stops working, I dont know what ill do hahahah, I do not know how to trade...

if you sit at the poker table, and you dont know who the sucker is within the first few hands, You're the sucker.

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Gud job kunt, I’m proud of u.
I personally liek trying to knife catch mid/ low cap stocks on earnings, it’s gud if u have a high risk tolerance

if bitcoin retains its classic market cycle, my strategy could continue to work, but if it slowly turn into a graph like forex, I am fucked

Options is stupid.

I daytrade momentum stocks and use candlesticks and scanners for my entrypoints.
Works for me

so you buy calls for midcaps that just got fucked on earnings? What do you typically wait for/catalyst before you unwind?

Usually short term expiration , hope market is reacting negative to the stock for little reason combined with a bad day with the market in general
Alibaba isn’t a mid cap but they were a solid beat, they tanked at the open , market was down big on trump nonsense,
Bought calls that expired next week for 30 cents, sold them 3 hours later at x15

Again this requires some nerve/ dgaf attitude if it doesn’t work, I’ve gotten caught a few times doing this, but it pays when it does