Just sold 1 AMZN October 21, 2022 put 109 strike price

Discussion in 'Options' started by SoyUnGanador, Oct 14, 2022.

  1. I'm good with that. My thought is that if some newbie apt to make a real mistake of this type reads it, at least they'll be forewarned.
     
    #21     Oct 14, 2022
  2. lindq

    lindq

    Your intentions are noble. But novice put sellers are on par with born again Jesus freaks and new vegetarians. They have all the answers. The main one being, "I'll be happy to own the stock."

    Sure. Got it.
     
    #22     Oct 14, 2022
    BlueWaterSailor likes this.
  3. For the most part, you're right. But there's always one or two good ones in the crowd, and - as a guy who taught at a vocational school for NYC ghetto kids for a while - I'm used to diving for pearls.

    Maybe I should put "r/wallstreetbets and RobinHood FOMO morons stay away" signs around my posts? Just a thought.

    [​IMG]
     
    #23     Oct 14, 2022
  4. ondafringe

    ondafringe

    I resent that! :) lol
     
    #24     Oct 14, 2022
  5. M.W.

    M.W.

    Lol, clueless clown.

     
    #25     Oct 14, 2022
  6. By one Massive Put do you mean one put= 100 shares?

    and then you do another one put= 100 shares

    I think your miscalculating your risk by about 100x. You will be dca’ing 100 shares every time, you roll your contract down and out another 7 days. But I get it saw that 146% return and completely ignored everything else too.
     
    #26     Oct 14, 2022
  7. Darc

    Darc

    Soy's crystal balls have served him well in the past. He might just pull this one off, dumb luck it maybe though.
     
    #27     Oct 15, 2022
  8. cesfx

    cesfx

    By the first sentence of this thread "Collected $2.99 per share, thus $299, premium", OP must be aware of the 100share commitment.
     
    #28     Oct 15, 2022
  9. destriero

    destriero


    You're f*cking r*tarded. Extrapolating ROI at fixed vol on a position in which you're currently underwater.
     
    #29     Oct 15, 2022
  10. "...on a call it $109 investment" strongly implies that he's not.
     
    #30     Oct 15, 2022