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HiBoobear t1_j29lkf1 wrote

Thank you Robinhood!

119

FlimsyVariety t1_j2cphq4 wrote

Yes robinhood you did good. Rob the poor and give to the rich.

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LizHurleyFan t1_j29mip1 wrote

Fast way to lose money and bring down inflation

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[deleted] t1_j2aj753 wrote

[deleted]

−79

cookingboy t1_j2at6wr wrote

> More millionaires have been created in the past few months than ever before in history.

Yeah my dude I’m gonna need some actual data beyond “trust me bro I am seeing a ton of internet posts”.

But again, this is WSB so maybe that’s how you do DD for your stocks 🤣😂

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YoloAlgo t1_j2ax62x wrote

HAHAHAHAHAHAHAHAAHAHAHAHAA YOU ARE POOR. YOU SOUND SOOOOO FUCKING POOR. HAHAHAHAHAAHAHAA

−77

Stormedgiant t1_j2bb1o3 wrote

Cringe

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YoloAlgo t1_j2bf7d3 wrote

HAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAAHAHAHAHAHAAHAHAA

−49

bagacrap t1_j2atjdd wrote

pretty sure there are more new millionaires every day during a bull market, when portfolios tick over from $998K to $1M on a random day while said owner is out to lunch. But they don't go making egoposts about it.

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YoloAlgo t1_j2axaru wrote

you are poor. look at the volatility this year. INSANE MONEY WAS MADE EVERY DAY

−15

Puzzleheaded-Ad4229 t1_j2b3w10 wrote

With money like that it’s best not to speak and live normally. People envy and regulators sweep

7

YoloAlgo t1_j2b5dni wrote

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

−5

Puzzleheaded-Ad4229 t1_j2b5hwy wrote

Lmao

4

YoloAlgo t1_j2b6f17 wrote

WHATS FUNNY? WHAT THE FUCK ARE YOU LAUGHING ABOUT. YOU LITTLE FUCK. YOU THUINK YOU CAN FUCKING LAUGH ME. EAT MY BAGS YOU SHITLORD AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

−5

nomptonite t1_j2bc936 wrote

It’s just like a casino… For every one winner you do hear about, there are 100 losers you never hear anything about.

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YoloAlgo t1_j2bfatw wrote

BULLSHIT. YOU ARE POOOR. WILL AL WAYS BE POOR

−5

Stormedgiant t1_j2bfhgn wrote

Is it not past your bed time? Your parents should monitor you better.

3

Invest0rnoob1 t1_j2auq7k wrote

And those same new millionaires lose everything by gambling it all away.

3

mpoozd t1_j29n034 wrote

$4 trillion worth of options expire on every OPEX fucking insane

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MissingFucks t1_j2argp2 wrote

Value at time of expiration or at time of being bought? Whhy would anyone not execute options that have value at expiration?

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SuperBottit t1_j2b3oo8 wrote

It's the same theoretically. The money just shifts from losers' pockets into the winners'

Many options can be closed out on both sides of the ledger so there's never actually anything to exercise. Contracts that are open and in the money almost always get exercised.

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Dushenka t1_j2b3vy5 wrote

Eh, it's just the same 4 trillion going around in circles.

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pharmboy008 t1_j29nstd wrote

It was me that pushed it over the edge. You’re welcome

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heizenbergbb t1_j2anzvh wrote

I dunno bro I feel like I account for about 10% of this volume.

7

prominorange t1_j2dz145 wrote

Hate to toot my own horn, but most of this is my unsuccessful OTM 0DTE bets, you're welcome!

2

FlimsyVariety t1_j2cpfxl wrote

It’s funny because Pewdiepie and smosh together make up 10% of the options market BRO!

1

ShankThatSnitch t1_j2a5f1d wrote

I'm sure this is very healthy for the matkets.

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bagacrap t1_j2atns3 wrote

def. not healthy for the regards losing their life savings, but I do think it helps smooth out the market's movements a bit. The last 2 weeks have been pan flat because too many people are buying puts.

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Botserviceaccount t1_j2bplbn wrote

10 billion of losses. A lot of debt, people have to work thousands of years to recover from bankruptcy. Banks are getting more profits while a huge amount of retail investors are losing everything.

3

[deleted] t1_j2danfl wrote

[deleted]

1

ShankThatSnitch t1_j2drsgv wrote

Mainly what it does is make the market more volatile, and it is a big factor in how you have to trade. The market can move in the opposite directions it otherwise would, simply because of the options put/call ratios and expirations.

And counter intuitive to the above point, it stop thr market from rocketing or plunging. Because people pile into options in the direction the market is moving, and the more option pile on, the bigger and harder the reversal ends up being.

So it helps to analyze how many options are at what strike and expiry, to know when to make trades.

1

[deleted] t1_j2e4nf1 wrote

[deleted]

1

ShankThatSnitch t1_j2f8yir wrote

That is because UVXY and VXX are leveraged ETFs and are designed to bleed out. They will always trend down over time. Look at the actual VIX, which is elevated above usual levels.

0

Rim_World t1_j29rkai wrote

Dark pools are thanking all of you degenerates

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Super_Cardiologist88 t1_j29sue5 wrote

The number of regards exploded exponentially huh.

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Rim_World t1_j29thxw wrote

WSB is probably responsible for half of that increase between 2019 and now

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baconography t1_j2alwzz wrote

I think it's no longer a secret that the derivatives now steer the underlying.

On top of that, max pain has been quite accurate since Cboe rolled out the new 0dtes as well.

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renosoner t1_j2b244g wrote

How often is max pain updated? I think I’m asking that right.

4

VisualMod t1_j29i01i wrote

As you can see, option trading has surged in recent years, with the total volume of contracts traded rising by 5% last year. This growth is likely to continue in the coming years as more and more investors seek to profit from the volatile markets.

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12

Ok_Significance_4008 OP t1_j29jiso wrote

Source - US Stock Options Smash Record, Surpassing 10 Billion Contracts (msn.com)

WSB has impact on global stock options trading market:

" The outsize increases of 2021 and 2020 are attributed to small-fry retail traders whose interest in tech shares and so-called meme stocks such as GameStop Corp. sparked huge demand for leveraged investments such as options and other derivatives. But during a year of steep equity losses, many of those participants were likely put to flight. "

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mind-trainer t1_j2al3tf wrote

I see so many home down payments, college funds, 2nd mortgages, margin calls, foreclosures…

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97soryva t1_j2aok4n wrote

On net, options are just stimmy checks being redistributed to hedge funds lmao

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lispyfriend t1_j2b6jh2 wrote

Are options just fundamentally under priced? They give extreme upside potential for a relatively small price.

1

97soryva t1_j2bae0p wrote

The vast majority of money is made selling options

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lispyfriend t1_j2br0lx wrote

Interesting. That intuitively makes sense to me for commodities. The option is purchased to reduce volatility even though it costs a little more (basically an insurance product). So in aggregate the insurers win for taking on the risk.

I guess I'm just surprised that's the case with stock.

1

Idbuytht4adollar t1_j2c1zfn wrote

No because that's priced into to the option. Your logic works with a lottery ticket as well or a low probability sports bet. Even if the upside potential is huge the odds would still be in mm side in the long run their side will profit

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lispyfriend t1_j2c52be wrote

Understood. I just wonder if that pricing accurately measures probability of these events. Of course the market encouraged it to, but people also still measure stock risk as standard deviation of price, so idk.

0

[deleted] t1_j2d9ace wrote

[deleted]

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lispyfriend t1_j2e5xcu wrote

> Supposed to.

Well stddev is nice for their mathematical model. The critique is that the model is not really measuring risk in the business. It sounds more plausible for options though.

1

xeio87 t1_j2ak2qc wrote

So options trading grew less than inflation?

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Derpazoid69 t1_j2a5rcr wrote

This is why I don't screw with options, I only buy shares. For every gain porn post where someone posts a few hundred thousand $ options gain, there's 45 loss porn posts about people blowing up their account from $50-$100k to $250 using options. Why take the risk of being wrong? To make money with a call you have to be right about the upward direction of the share price AND the time frame, if you're wrong your calls expire worthless. If you had just bought the shares and you're wrong and the share price doesn't increase you still have the shares and the majority of the time they still have value. You can just hold them until they increase in value. I'm down 32% right now just holding shares of various companies if I had used options I'd probably be down 90%+. But I can hold until the next bull market and my companies increase in value. Holding shares extremely rarely results in your investment account going from $100k to $0.

4

slayer1am t1_j2ahfsb wrote

You've left out the safest method of trading options: selling them.

You sell a put, and you get paid no matter if it goes up or down or sideways. The only difference is whether you have to buy the shares or not, and even if you do, it will be shares you wanted anyway.

Let's say your put expires in the money, and you buy the shares. Now you sell a call option out the money, and get paid to hold the shares. If the price goes up, you sell the shares above your cost, if it goes down, you keep the premium.

Come over to /r/thetagang and learn the better way to play options.

7

MikoPaws t1_j2ao0yf wrote

I mean, depends on how you do it. If ya had $10,000 and wanted to buy MCHI, you could buy like 200 shares for about that much.

Alternatively, you could put about $1,400 into 2x 1-year call options ATM and control the same movement of 200 shares. If you're expecting something to rise but you're also nervous it could crash, this strategy allows you to pay an insurance fee so that you don't risk the same amount of capital.

The problem is that, because the call options are $700, WSB doesn't like to just buy 2 and call it a day. They go all in, and buy 15 of em, or heck maybe even realize they can get it cheaper and get 500 of them OTM epiring in a day and blow up their account to theta decay faster than they can give a handjob behind a Wendy's dumpster. To each their own

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jimmiew t1_j2b8xr1 wrote

This. I can’t even afford 100 shares of SPY buy I can risk $200-$300 for an SPXL option and get massive exposure to the same market. It’s a built in stop loss

1

vengeful_toaster t1_j2ahiho wrote

Options can be less risky than buying shares.

If I sell a put at 10 dollars and the stock drops from 12 to 9 dollars, then I've acquired the stock at a cost basis of less than if I bought the stock outright at 12 dollars.

3

RockyattheTop t1_j2ammwr wrote

Except in a bear market if it drops from 12 to 9, it can also drop to like 3 or 2

0

vengeful_toaster t1_j2an3u5 wrote

But you'd still be down less than if you bought the shares outright thanks to the premium.

With shares you can lose it all if it goes to 0, but if you sell a put you at least will still have the premium.

3

SuperBottit t1_j2b38w4 wrote

This shows you the amount of fucking degenerate regards out there

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Bin_Jin t1_j2ayd8a wrote

I think the 🦍s deserve some credit for this.

3

32no t1_j2bqqeu wrote

TSLA is the single stock with the most traded options

3

WroughtenPS2 t1_j2bylsy wrote

As you can see, WSB started blowing up in 2020.

3

pirateclem t1_j2bc4uw wrote

Clickity-clack motherfuckers.

2

Wurst85 t1_j2e1h4x wrote

Spoiler: 2023 won't break that record. ATH will last for a couple of years.

2

VisualMod t1_j29hzdi wrote

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1

StackOwOFlow t1_j2bn487 wrote

this here shows how degenerate gamblers are doing everyone a service by helping the Fed pay down inflation

1

alarsonious t1_j2c0tji wrote

You fools, you damn fools...

1

[deleted] t1_j2cvbxb wrote

keeping the casino alive all in 🎰

1

brucekeller t1_j2cwfob wrote

A huge chunk of that had to have been because of RH and then stim checks for kids with dreams of financial independence and that didn't have to pay rent.

At least back in the day, you had to lie about your financial qualifications and experience and I think some places even required a min balance to get L2 options. RH would just give it to you if you applied, basically, and without commission so a bunch of .01 bets were 'more doable'.

1

Few_Abrocoma1475 t1_j2d9g30 wrote

People ran out of cash to buy the dip so sold stocks to buy more calls instead

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NotMimir t1_j2dz8av wrote

Machine trading volume turned way up

1

Ok_Significance_4008 OP t1_j2ezkdn wrote

yeah, hedges also starred scalping 0DTE's to take advantage of WSB guys. 40% of all options trades are 0DTE's now :(

1