With casinos down, are problem gamblers moving to the stock market??

Discussion in 'Options' started by Cabin111, Apr 29, 2020.


  1. For your information the short put and covered call are identical positions so your just doubling up

    they bot really connected or related
     
    #31     May 1, 2020
    ironchef likes this.
  2. Here is a better trade
    Buy 3.5 call at 1.10 may
    Sell 3.5 call 1.45 July

    if stock bankrupts you make .35

    if stock flyes up you also make .35

    your worse case scenario is stock sits at 3.5 and the may call expires and then your short only one call/leg

    you can do the same with selling puts
    Same outcome
     
    #32     May 1, 2020
    ironchef likes this.
  3. With a stock in bk news most likely wont sit where its at
     
    #33     May 1, 2020
  4. ironchef

    ironchef

    I am impressed. :thumbsup:
     
    #34     May 2, 2020
  5. wrbtrader

    wrbtrader

    Maybe the money went to hoarding meat, can foods, hand sanitizers, alcohol, cash and guns/ammo. :D

    wrbtrader
     
    #35     May 2, 2020
  6. I think that trading is the same as bets, not like a casino, but many gamblers will move in online gambling and this will be the worst thing which they will do. I have a brother who was addicted to gambling and I spent many months and money to help him with his dependence and I can't tell you how hard that was. Thanks to my friends who helped me and gave me gamstopgambling and with its help, now I am calm because my brother is in the blacklist in all the gambling sites and he cannot register in them.
     
    #36     May 9, 2020