Reddit Posts
1 Month Update/Retrospective on broken wing butterfly/condor strategy.
How to find a business partner? Is it worth to do business with a coworker?
Pomegranates are bullish for airlines
I'm a professional regard and these are my notes 19/12
$BA Yolo update - Withdrew $15k to pay off student debt and buy Christmas gifts. Did I sell more? Nah used the rest of my BP for more calls.
Frec - Low Cost (0.10%) S&P500 Direct Indexing Startup
BP buys $100 million worth of Tesla chargers | CNN Business
My Israel-Hamas conflict play: $PBR "Hey dummy, you're looking at the wrong continent."
Stocks Overlooked and trading at a Discount---$MIGI, $SING, $SDIG. $BITF
Buying strangles not increasing Options BP anymore (margin call)
Tritium (DCFC) Amazing Earnings & Margins Released Today!!!
BP CEO Looney to resign after personal relationships with colleagues - FT
How are brokers like Lightspeed or Dash Prime for portfolio margin buying power?
Turkish Lira situation after the 750 BP interest rate hike by the Central Bank of Turkey.
Conviction Buy List of Goldman Sachs. Which recommendation is your favorite?
Tritium (DCFC) (Electric Vehicle Charger Manufacturer)
Is the rate hike tomorrow already priced into the market?
‘OilyFans’ billboards show BP chief executive topless after earning £10 million
Tritium (DCFC) Electric Vehicle Charging Stations
Diversifying a portfolio that is heavily correlated with SPY
Tritium (DCFC) Electric Vehicle Charging Stations
Tritium (DCFC) (Electric Vehicle Charging Stations)
BP Attributes a 12% Year-on-Year Reduction in Operating Expense to Palantir's Software Implementation Amid an Inflationary Environment🌟🚀
🚨🚨 BP Engineer Hyped on Palantir's Future - Screenshot Reveals 26 App Explosion! 🛢️🔮
How do we feel about going long on oil?!? BP,XOM, CVX, SHEL maybe even OXY
Federal Officials Trade Stock in Companies Their Agencies Oversee
Meet BP's Board Members | I wrote this article yesterday for those interested in BP stock
Digital Age for Big Oil using Big Tech $HAL & $MSFT ; $AMZN & $BP, $SHEL
To raise or not to raise? How does the Fed choose as banks blow up and hit hyperinflation? What do you think?
$AIM Try to name another bio stock in trials with $BMY $MRK $AZN and PFE.
BP buys TA 1.3 Billion why would BP buy a Truck Stop
Government Money Going To Be Released Tritium in the catbird seat
BP's pullback from green commitments angers some, but investors lift shares 19% (NYSE:BP)
BP CEO says company will stay firm on investment strategy~?
BP’s Value Tops £100 Billion for the First Time in Three Years
Oil and water don't mix. Therefore should Big Oil and EV go together?
2023-02-08 Wrinkle-brain Plays (Mathematically derived options plays)
Not Beyond Petroleum after all — BP says it's increasing investment in oil and gas as much as it's boosting renewable spending
Earnings week ahead: PepsiCo, Disney, BP, Chipotle and more (NYSE:DIS)
Oil and water don't mix. Therefore should Big Oil and EV go together?
We have finally reached 410… 2-1-23 SPY/ ES Futures and Tesla Daily Market Analysis (and FOMC review)
BP to cut back on renewable energy, oil company figures out what it is... to late.
Why Do Regarded Retail Think JPOW Will Hike Anything More than 25 BP Tomorrow When Every Other Indicator Says No?
Ukraine war to help speed shift away from oil and gas, BP says (NYSE:BP)
BP Cuts Long-Term Oil and Gas Demand Outlook. It’s Good News for Renewables.
2023-01-20 Wrinkle-brain Plays (Mathematically derived options plays)
here is my analysis on Indo. Please let me know what you think
Here is my analysis on Indo. Please let me know what you think??
Here is my analysis on Indo. Please let me know what you think
I have $1k in BP, top comment decides what I do with it.
30.12% SI. 1.29bn M Cap. 1.3bn Cash. 2.6bn cash + Assets. NVAX
Why can't I see a steady profit maker, is this the norm?
Mentions
I did speak with Tasty, and there is no Buying Power in a Cash account, which really is not a surprise. I think it is a rule from one of those agencies, which restrict Sgov to 75% face in margin accounts and the PDT rule, and a bunch of other rules no one knows until they run afoul of them. I am kinda up on this since recently Schwab told me my IRA would get BP from their mutual funds after 30 days... total bullshit when I transferred a bunch of Sgov to SNVXX. I love the Tom and Tony, but the BP has gotten higher and is not that competitive with Schwab and others. The problem is Schwab is tough giving Selling Options to users. I did have a back and forth with Tom last year and he says it is not them but the clearing house which I do not understand. I thought his daughter was running the risk management. You sound like you have it under control, maybe review these Tasty vids on BP. Buying Power [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
All good. I would advise doing an economics or finance degree. When it comes to schools a state school is perfectly fine. Do research to find some smaller energy / commodities trade floors and get an internship there. Leverage that into an internship at a BP, Exxon, Vitol. Do well at that one and you will prob get an offer to do desk analytics or middle office. You have to do one of those roles for a few years to learn the industry. If you make it a point to be very curious and kick ass while in this role, a desk head or senior trader will pull you onto their desk and put you in a seat shortly after
Yeah when your talking commodities markets, big players will be your Oil & Gas giants (BP, Exxon, etc.) then you have multi billion dollar spec shops (Vitol, trafigura, etc) so liquidity is very deep.
I was out of BP or id have loaded up
I keep ixhl on my watch. Not in since I don't have BP but it's a great buy
Falling nearly 40 BP since open. GG bears.
If you are talking about the goto Reddit Cash account and Selling CSP... you are lost. To do that you need over 50k probably closer to 60k for just ONE PUT . Think on this:: My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP as backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
This reads like Exxon and BP coming together to tell us climate change isn't real.
Shout out to the guys talking about oil prices this morning, I didn't understand much of it but made some coin of BP and XOM regardless
For news: ForexFactory. I can see ahead of time what numbers are going to drop and what is likely to shake up the price action. For earnings news: Earnings whisper. To be honest, $300 isn't much for options. Buying those OTM contracts with short expiration dates is a gamble because theta decay works against buyers. Price needs to move close to the strike in a short amount of time or IV really needs to pump up so that the value of the contract is positive and you can close the contract early. My tip? Make sure that you have a firm grasp on the greeks, intrinsic/extrinsic value, and implied volatility so that you can better understand the potential outcome and lifecycle of the trade. This would help understand concepts lie, why buying deep ITM calls would be a better option as opposed to OTM (of course, it would require more BP) or why buying options in high IV environments isn't a great idea or how theta decay is the silent killer for option buyers. With low buying power, there are some unique strategies out there that don't require as much capital like a calendar spread or a butterfly spread.
How can I begin options trading? I’m a learn by practice and only have about $300 of BP. Is this enough to begin? What do you recommend I do?
True, they are also a defense contractor. One of the world's largest at that. But it could still go down by a huge amount. Think BP after their oil rig exploded
The rule is you keep an equal amount of buying power as backup. If Spy Puts require 8k you keep at least 8k as backup. That is why he said he was at 50% , but now only uses 30%. Tasty uses BP as the max you should lose in an undefined trade. That is usually a lot more than you are willing to lose.
The term for Selling Options has NOT BEEN MARGIN FOR OVER 20 YEARS. It is buying buying, but Fidelity is not an option house, I think they require over 25k besides BP to even open a short option position, while a Schwab would require 6k (say for a QQQ Put). The formula you give sounds right , but in general it is useless since your Broker sets the BP. I have seen one firm require 6k for selling a Spy while another wants 10k. The only thing you want is to see the BP as you create the order. The more important rule is to keep an equal amount of BP in case their is a selloff (Puts) or meltup (Calls).
How much BP to use? You sold naked puts that required a maintenance margin. The minimum maintenance margin requirement is prescribed by the exchange. Your broker may require more. It is calculated by using two formulas and using the higher value. Schwab uses the following formulas for naked puts. MR=100% of option value + 20% of underlying value - OTM amount, or MR =100% of option value + 10% of option exercise price. Leveraged ETFs have higher MR. So you calculate the MRs with your broker’s formulas for your doomsday scenario. In a doomsday scenario, your MR increases while your collateral decreases in value. So you must have BP on reserve. I sell OTM naked puts and my analysis shows that I can use up to 60% of my BP to initiate trades. My doomsday is the puts becoming ITM. Your case may be different.
I have started buying more commodities - commodities themselves as well as miners and refiners, VLO, BP, BHP, FCX plus UVIX as a defensive strategy. Market has been too goo for too long. However, a great argument can be made for AI continued growth.
Reg T margin for equities is 50% unless your broker requires more. $30k of cash and marginable securities allows for $60 of stock ($30k margin loan). Naked options require approximately 20% margin unless your broker requires more or the securities require more (for example, a 3X leveraged ETF). If you have a single account, your equity BP s 2x and your option BP is approx. 5x. It's extra work to break out all of the details of the leveraged positions to determine that desired "X" percentage of target leverage. I would do covered calls in the holding account because there's no leverage and no margin is required. I would do leveraged or complex option strategies in the option account. Also, I would use spreads rather than short puts, naked strangles, etc. Defined risk strategies allow me to SWAN when leveraging. There's no right answer here. You do what works best for you.
Say you have a 100k account. Assuming you have all stocks with a maintenance margin of 30% so you have a buying power of 70K. Assuming you want to allocate 25% of the BP (or 17.5K) to trade options and leave 52.5 K on reserve. You can check the status of your account at any time. For example at Fidelity, you can find out from the Balance the following (after you have used the 17.5K BP): Cash reserve for option strategies = 17.5K Non margin buying power = 52.5 K Account value = 100K.
I am not sure buying stocks on Margin at all time highs is a great strat. Also why on earth do you think selling CSP is a good use of your cash... it is not. Just because people talk endlessly about it on Reddit from a leverage point of view it sucks. It sounds like you are thinking of buying some crappy $20 stock... well crap goes to crap , and on a selloff that $20 stock could be $10. I am really unclear what the PMCC (great term , have you lived it??) has to do with a strangle , but I am a simpleton just selling Puts. Actually I have made money with PMCC, but it takes too much capital and too long. If you have the 100k as cash, NOT IN A IRA, then try and follow the following, and STOP THINKING OF TAKING ASSIGNMENT, I avoid it and roll well before . My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP as backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
Mag7... so you are talking about stocks in the 200-600 range. You want to do CSP in a Cash account, well if that is an IRA account you are kinda stuck so it sounds good. If you actually have the cash, so that would mean with Spy at 620 today, you must have over 50k it is THE WORST MOVE YOU CAN MAKE. Here is why. My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP as backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
I use my Margin BP to open Credit Spreads. My margin BP is determined by the marginable securities held in the account - which are Divi stocks paying >10%. So, not only am I earning the yield of those stocks, but I am also reaping the income from my weekly spread strategies. In my eyes this makes me doubly profitable.. All that said, using margin is a sophisticated investment tactic, and safety is far from guaranteed. Personally, I would never BUY anything on Margin which would incur me margin interest. I am only interested in using my margin BP to cover a cash requirement for a short position.
Been saying it for a couple months. 50BP hike by eoy
I guess if you have a small account < 25k in a Cash account this is what you do. I Sell Puts (Margin Acct > 60k ) on stuff like Amzn, Appl,Googl, Coin,Bidu, Nvda and Spy. 45dte , close/Roll by 14dte (usually 20dte). Delta 12-20 , premiums are good (now with IV down not so hot). I never want assignment and if assigned just Sell the stock and take the loss. Most of the stuff uses 2k-4k BP Spy , QQQ are 6k-10k. So while I may use 10k BP on a Spy Put 500, I am not wasting my leverage with 50k as in a Cash account. If this is new to you or you do not understand how I am able to use 10k BP to back a sale of a 500 Put review these Tasty vids. Buying Power [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
I've bought some losers in my day. Bought BP after they pissed in the gulf. I took a bath in their pissed in gulf. 1/10 would not recommend. Annoyed I didn't buy AMZN the first year I spent over 5k there. Instead, I bought in 2014, a nice 16x'er. Mostly I look for value and mostly trust Morningstar ratings on that. Since FIRE added way more REITS and oil & gas midstream plays (ET and EPD at the moment). Nearly doubled our money in ETRN before it went back into EQT with a too-low dividend so we got out. Earning over 7% dividends on the holdings I manage if I omit GOOG and AMZN (both of which well in the green).
I sell for these reasons: * The story's changed and the risk is no longer worth the potential reward. (BA, GE, BP, MO) * I have losses that year to offset the gains * I'm in the 0% LTCG bracket (early in FIRE) * I'm FIREd and need spending money
Buying as many $BP calls as my wife will allow me for next week. Think it goes for $36-$40
The government has that information. A private company doesn't. (Yet.). I don't want ICE or the BP to use IRS info to go kidnap people. And DOGE didn't find any big inefficiencies. I bet a million dollars this will be used to sell your data to other corporations rather than stop 9/11. JFC.
Maybe you trade in a cash account. In a Margin account , with say 100k. You could sell 10 QQQ 500 Puts , each requires $5500 BP , 55k BP total . If they were exercised that would be 10 \* 500 \* 100= 500k . That would look bad on your Position page but after you sold the stock, the loss would be 500 - current price - prem collected. Say you collected $3 per Put, your strike is $10 ITM , 10-3=7 , 700 loss per put. Maybe don't sell 10 Puts next time. Option traders are usually not looking to take ownership, you seem to think being assigned forces you to keep the stock past the market open. With maybe 1-2 clicks you could close the position 30 seconds after the open.
Us little people (under 100million) can get to it from the Webpage, Trade or Research tabs. You buy in 1k increments so an order of 50k but that is the amount you get back in 3 or 6 or X months. You pay the discount, and the difference is the interest. The yield is shown, so it is pretty clear. I am using the BP Effect on the Monitor tab of Tos to figure the BP percent. Talk to the Bond guys the first time you do this but it is pretty straight forward . The trade will show up in Tos by the next day. I think the bonds are 800 780 2755 [https://app.screencast.com/7WAbXnIx7aqxl](https://app.screencast.com/7WAbXnIx7aqxl)
Yes I already deploy the cash in box spread so no more cash available to long or buy anything. That is why too much BP available.
Sorry the guesstimate I used was pretty rough but I was thinking 7.25.25 since I like to sell separate options on earnings week separate. But yeah sounds about right... Note I own apple shares and selling CC, and don't currently have puts open, although I do use strangles with naked puts if I'm looking to potentially accumulate more. I generally don't close early unless the option is almost worthless (and I want to free up BP for other options). I'd consider rolling down and out if I don't want to get assigned.
Are talking about 1Aug 190 25delta $3 ; BP is 3200 , so that would be 6 or 7 Puts. At what point would you close , just expiration?
Mars\_trader is misrepresenting what I said. I said use your cash from the sale of your Stock to buy Sgov and use the Sgov as BP. 72k Sgov will give you over 50k BP (70% Face). There is NEVER ANY INTEREST ON SELLING OPTIONS IN A MARGIN ACCOUNT, because you use BP NOT MARGIN. If you watch the first vid you will see this. Buying Power is NOT MARGIN. If you doubt me call the trade desk at Schwab, Tasty , and IB. Actually the first vid is Tastytrade.
You are confused. This guy will have 72k in cash to buy Sgov and use it as Buying Power. I never said buy anything on margin. Buying Power is NOT MARGIN. The 72k if in Sgov will give him over 50k in buying power depending on which broker. When he sells Options using the BP he will be able to Sell a 150 strike for 2/3k BP rather than 15k in a cash account. Do you see the advantage?
If you have a BP, Schwab will not liquidate your positions (Both short and long or short only) on expiration day. If the stock closes above 614 but below 616, the 614 call will be assigned automatically and you will sell short 100 shares at 614. The money from selling will be put aside. The short position requires margin (usually 30 to 50%). Your BP should cover it. You can buy to cover your short position at any time. (Depending on the type of BP you have, you may incur some margin interest.) If the stock closes above 616, the 614 will be assigned automatically and the 616 will be exercised automatically. Your account will be debited $200 (=(616- 614) x 100).
My advice GET OUT NOW, 72k sounds great. With that kind of capital you should have a margin account and here is why. My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP as backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
It can’t happen for at least next 6 months as shell claimed that they are not acquiring BP
Oh shit, also - Possible BP + Shell merger is a big energy move. It'll make them the largest energy company in the world based on revenue. Largest than fuckin' Saudi Aramco.
Anything under 20 basis points (0.20%) is generally fine. Plenty of great quality target date funds exist in the 10-18 BP range. The more important variable right now is asset allocation. Your 2045 fund is ~15% bonds which generally grow less than stocks over the long term. For the next 10 years you are probably better off just holding a global stock fund like VT.
Sold 0DTE Put Spreads that expired ITM. What happens now? I sold 5x 6/27 put spreads on PLTR 137/132 strikes before the large sell off late in the day. I did not know about the index rebalancing or obviously would have steered clear. I have only had assignment on put spreads once before, and my long puts had time left, so I just kept shares and sold my long puts the previous time. Given that both sides are expired/expiring, I am not sure what to expect to happen, since PLTR is now/was last 134.47. Will Schwab automatically exercise both sides of the spread, meaning I'll lose some amount limited to $2500 minus my received premium, or do I have to execute the long puts myself? I don't have enough margin/BP to cover 500 shares, which is why I sold spreads, but I believe PLTR will be going back up some after the index rebalancing, so I'd like to hold onto some shares if possible. I'm just not sure what Schwab does or what I need to do and time-frames. I could see actually profiting from this still, so I'd like to avoid just eating the loss on the spreads if it's going to potentially rebound after rebalancing. Thank you in advance, I just am not sure how this shakes out.
Got it. I was curious if you were trying to purge the evil clown spirits or something ;) So I don’t see any new SEC filings, an offering, a reason for this price action. Other than it being an energy play and I never know with energy stocks who’s betting against them these days! And isn’t it curious that while these non-traditional energy plays are getting beat down, quietly under the radar (sort of) Shell announces they are looking to acquire BP. That’s curious. 👀 https://www.sec.gov/edgar/search/#/ciks=0001532286&entityName=Nine%2520Energy%2520Service%252C%2520Inc.%2520(NINE)%2520(CIK%25200001532286)
Exxon is an excellent corporation, unlike self-hating Shell and BP.
I got tired of holding BP and sold on Monday, lol.
He's not wrong, it's just that it's a small fraction. BP owns SOHIO and Amoco(Standard Oil Indiana), Shell owns Pennzoil(South Penn Oil), all 3 were part of the original 33 companies got broken off from Standard Oil after 1911 Supreme Court ruling.
So Iran in 1979 and now 2025. BP then and now. Interesting…
Higher than typical premium brands would be odd if it wasn’t a location thing. Typically the major brands (BP, shell, Exxon, Chevron) use premium additives that your 7-11/grocery store brands don’t use.
I randomly bought some BP shares yesterday just because it went down when Israel and Iran ceasefire announced hoping it would bounce back up when tensions inevitably flare back up, seeing this was a nice bonus surprise
Lmao which 4chan board started the shell BP takeover rumor
In the US (Michigan) BP is always at least $0.20 higher per gallon than every other station. Ive made it a point to never get gas from them
V-Powerrrr Here in NL the BP Premium and V-Power are about the same price. There are a lot more Shell stations than BP though.
Wrong companies... That's Chevron and Exxon. I think BP has the SOHIO name, but very little of SO.
BP (🇬🇧)selling to Shell (🇬🇧) “Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange.”
Dude, I already got this. BP just fell to $30.95.
Have you thought about buying BP calls?
I swear to god, if one you posts a gain on BP calls, I am calling SEC for insider trading
Shell is in talks to acquire BP-WSJ [Link](https://www.wsj.com/business/energy-oil/shell-in-early-talks-to-acquire-rival-bp-2233591a?gaa_at=eafs&gaa_n=ASWzDAiuSR4w7fzTA-Ta-fALPybZdBipZ31J-yYIyXB3iGltSgCI8NN_erHrw9_HkMM%3D&gaa_ts=685c1d73&gaa_sig=smprs5LFybNnokkPPrDhTvfpZPUZsmtRExNOsO7mEfRGkiNhDOmw5J6pDVU9F7v5V3SDwVJMOADLZutJI74g9A%3D%3D)
Shell in early talks to buy BP for $80 billion dollars
SHEL in early stage talks to acquire BP.
What just happened with oil? I see my BP shares just shot up 9%
Buy Shell and BP for a discounted price and wait until tensions inevitably flare up again and profit
Get out now , Fidelity is the only broker with a 1980 platform that they try pushing off on people. Tastytrade requires you check the all in box to Sell options. Also note that you will no longer have auto interest so check out Sgov or something like it. Here is my standard blip, if you already read it then stop here. My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP as backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
2.69 at the BP near me in WI Get fucked
You are clearly just bagholding or hoping the market doesn't crash today if you are celebrating +0.15 premarket / +1.56 YTD. Only regret I have is not buying some cheapass oil shares to sell them next few days, but even cheap oil plays like BP only have risen like 7% and Haliburton 12%.
My personal theory was that if Iraq was about oil, it was about stopping Iraq from undercutting the market with their sanctioned but continuously and illegally exported oil products. US flipped from a net exporter from a net importer around the same time. Saddam severely damaged the fields the first time and the only participating country with a major oil deal in Iraq was UK with BP. Chinese and German companies rounded out the rest of the top three last time I was checked. Iraqi oil production is still far from where it was and it was already far from where it used to be.
I agree with everything you've said, but the very beginning of this is missing some very important facts. BP had sunk billions and billions of dollars into developing the oil fields of Iran, and this new leader was going to sieze all of their assets. They weren't going to purchase them, or work out a taxation program. They were just going to take everything.
I'm not a bot I swear just pointing out the context around this is at least interesting enough to mention. I believe the nationalization of the oil industry was only necessitated due to a business deal made between Iran and BP. Iran sold the oil rights before it knew there was oil and the company took on the risk and expense of searching for the oil. That's the only reason BP was able to "extract the wealth". Nationalizing the industry was to essentially go back on that deal. Not saying it was justified or not, there's certainly something to be said about the context in which that deal was made, whether or not a country should even be allowed to give up it's oil rights in perpetuity like that, when the government should get militarily involved in a business deal, and how much force is acceptable. Just saying it's certainly more complicated than America did the wrong thing. I think this post does a bit of the same thing it's complaining about, teaching us to view the US government as an irrational enemy.
Assuming you are approved to sell naked options and have a margin account. Let’s say you have 50K of XYZ and it is 70% marginable so you will have 35K of option buying power. You can use 17.5 K as the collateral to sell naked options. Say you sell OTM naked options. If the market goes against you your options can become ITM. Your collateral will also increase. For a market drop (or increase) of 20%, I have estimated the collateral to increase 80% to 31.5K. The market has dropped 20% decreasing the buying power to 28K which is not enough to cover the collateral. You can get a margin call. If you are concerned, you can use less BP. You have SGOV. The value may not drop as much as the market. So the BP may be sufficient to cover the increase in collateral.
This a spread that you attempted to leg off and should have put you way outside BP requirements. A 7k account cannot trade naked SPX options. Sounds like you're trying to game a spread and their software let it happen and then you got cash settled out of a spread. Why were you trying to leg out? When you entered the trade, you did a long and short put at the same time, did you think you'd be able to make more money than the width of that spread? Your theoretical max is the spread width minus what you paid for it. I don't understand what they mean by assigned to you, it's not a tradeable product, it's a cash settled option. I \_think\_ what happened is that webull (get a new broker, and not robinhood if you plan to do anything other than long puts/calls) allowed you to be naked and then freaked out and called you and the spread width was out the door. Which one executed - The long put executed leaving you short naked, it's on them man, but it's also something you should be aware, on as a spread off as a spread, let it run if it's ITM deep enough or TP at 50% and move on.
Thanks a lot. I have level 3 on Robinhood cuz otherwise I couldn’t PMCC. I can’t wait till Monday to buy that IAU LEAPS and start the PMCC. I know about the wheel but it’s pretty cool to see that BP reduction. I think I’ll just stick to ones that I could just get the stock for. I don’t mind holding stock especially if it is a good stock. Thanks again.
You're welcome, I hope it helps. Gold is a great underlying to do this on. Or even do the Wheel on. Sort of. Are you familiar with the Wheel? I used to do it, but have gotten away from it. Here's why: You'd want to sell a 30-delta put 30-45 days out. Again, lean toward thirty days, or a day or three earlier, because there's more extrinsic per day in shorter-dated Puts (if you don't know what I mean by that, I can tell you). So Monday you're selling maybe the IAU 18Jul62P at 28-delta for 0.50. How much cash do you have to have on hand as collateral for that? The strike price times 100, right? Because you're committing to buying 100 shares at that strike if someone "puts" them to you. That's collateral, and is why it's called "cash secured." So what's the ROI? 50/ 6200 = 0.8% That's in 4 weeks, so divide by 4 to get a per-week return, then multiply by 52: 10.4% Bleh. You can nearly make that in the market with index ETFs. BUT: it gets more exciting if you have margin. And it's not hard to get, and it's not terribly dangerous, if you don't abuse it and overleverage. So Schwab is giving me only a 20% Buying Power Reduction when I do that with IAU. They realize how stable it is and that it's not going to drop rapidly, creaming your put. So 20% less in that denominator above is the same as multiplying by 5: so now that ROI becoms 52%, and that's a LOT better. In fact, stop here and throw everything you can into IAU CSPs with margin. 52% per year is no joking matter. And it's going to be safe. If you're assigned, sell 30-delta CCs for about the same ROI. I said I've come back to the Wheel, and that right there is a big part of it. But you can't have margin in an IRA, but someone on the forums mentioned a work-around which I've found to be fabulous, so I'm back to Wheeling in our two Roth IRAs (but doing PMCCs also, not sure yet which performs better. You're not really ready for this yet, but I'm going to lay it on you. Come back and read it later when you know more about options. I'm going to use GLD because are much more liquid, so the math works out better. To lower the BP for CSPs, BUY a Put at a very low Delta. Then, the Buying Power isn't "strike minus 0," it's "strike minus the lower-strike Put" you own.
So you can Sell options on Calls? Do not think so (at RH, just everywhere else). So are you Selling Puts in a Margin account or Cash account. In a Margin account you need about 20% of the strike, so for a 500 Put Strike you need 10k (usually a lot less 6k-8k) , while in a Cash account you need 50k. Are you saying RH lets you borrow 50k? for a Cash account. In a margin account I am pretty sure lending you the BP is illegal, and I could get a finders fee for reporting them.
Maybe I should ask what broker you use? Here is Tasty which has a slightly higher BP than Schwab, or IB, usually. Where is this 50% coming from and 50% of what? In a Cash account the 480 Put would require 48,000 . The QQQ 480 Put requires 7200, so when you submit the trade that is your reduction in BP called BPR. All I am saying is keep another 7200 as backup. If you want I could show Tos but I think that will show 6k. [https://app.screencast.com/IKSJwjLIUdsXB](https://app.screencast.com/IKSJwjLIUdsXB)
I don't understand what you mean by 5/6k as the BP. Initial margin requirements are 50% -- so you would need about 26K in BP to CSP. Did I miss a detail?
No , On a typical Put for QQQ 5/6k is the BP, so have that extra 6k BP unused in the account. Now what happens on a Market Down Move say /ES down 200 on Monday the BP on your Puts would go up by about 50%. If you have the BP you just see a REALLY bad P/L number, but that is all. The P/L is bogus in that as long as you do not have to close at that moment you have no real loss. Even if assigned your loss will probably be only 1/3 of what P/L shows. The P/L is using the price to buy back the option, but 2/3 of that is usually extrinsic and LOST if assigned.
When you say keep 100% of the BP for backup do you mean keeping the full notional value of the puts (if assigned) as cash or in SGOV?
No and if you are wise, there is almost never a reason to take assignment, if you just want to trade options. My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP as backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
I’m sure there is an explanation but why is your BP not showing in your invested $ amount? Also, this doesn’t look like the current mobile app UI, is this desktop? I’ve never used RH desktop so I wouldn’t know.
In 1953 Iran's democratically elected government was overthrown by the CIA and Britain because BP oil.
Reports have always been like this. In every domain/industry/company/government. Hell, I just got back from the doctor where they had to take my BP twice because they didn’t like the first measurement.
When wheeling, if you get assigned and have unused BP, maybe try selling covered strangles (sell CC and another CSP at the same time)? Also, consider selective use of .70+ delta LEAPS as a stock replacement when confidently bullish. Sell covered calls near the top of the bollinger bands. (PMCC) to juice the returns.
If you're looking at value opportunities, PE, dividend, that kinda stuff. BP and PBR, maybe. PBR doesn't move much, but a good dividend. BP has a good dividend as well.
So, my Wife gets tonsillitis, antibiotics help initially but don't clear it. Gets IV dexamethasone, clarithromycin and metronidazole. Throat improves but head pain worsens. CT shows musculoskeletal inflammation. Pain gets worse. Stops antibiotics, gets rigors, fever, severe fatigue, vomiting. CRP hits 272. Can't stand without wheelchair. BP drops to 104/64. Takes 6 hours to get IV antibiotics despite sepsis protocols saying 1 hour. Vancomycin finally works. Still no clear infection source. Thanks for reading
Not yet, admittedly I'm probably over reacting on the BP drop She was 140/90 standing on admission, have had to sue a wheelchair as standing she feels far too faint. But her BP only dropped but about 20mmhg standing initially which tbh I felt was a sign it hasn't escalated too much. She's been lying down and it's now at 100/60 - my concern is they've not started IV antibiotics. I wish I was there but we have 2 small kids (2.5yo + 12 weeks old) I've come home so my parents can go home to sleep.
So was that $1.70 or 1,700,000 .... decimal point matters. Myself I'd rather Sell Puts than Calls. Why not take 200k , setup Margin Account , take the rest and gradually invest in SPY and QQQ ( maybe in a different Margin Account) and do the following AFTER GETTING SELLING OPTION APPROVAL. My answer is always the same, get a Margin Account (Schwab , Tasty, IB platform not for me) , you are pissing away your leverage in a Cash Account. If you have the money (25k but 60k better) to trade options (90% of those responding only have 10k or less). You can Sell Puts , Calls or Both on Amzn, Appl,Googl, Bidu, Nvda, for 2k-4k Buying Power. If you get Assigned take the loss close out the stock and move on, or ROLL Forward in Time for a CREDIT. Also you can BUY SGOV , get 70% Buying Power on that and interest every month. If you can afford to tie up part of that SGOV cash for 3 months at a time you can get over 90% Face with Treasuries. Selling Treasuries before maturity could cost you a "haircut" , Sgov does not suffer from that. Key:: Always keep 100% of the BP is backup for a Down Move, so if the BP is 10k, keep another 10k as backup. Follow Tasty mechanics , Sell at 45dte, close or roll by 21dte, have a profit target in 50% area. Do not Sell 40 Delta Puts... I rarely do over 20delta, 30delta is ok but you will get tested often. How can this be , everybody on Reddit is wheeling! Try these Tasty vids to see what most Reddit users do not know or worse understand. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 [https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020) [https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019 [https://ontt.tv/JeGVN](https://ontt.tv/JeGVN) Short Puts vs Covered Calls vs Poor Mans Covered Call Jul 9,2024
Its also liquidity, there’s practically no open interest or volume on Aug 1 vs your Sep 19 Call And for good reason… for now… who knows, they may print closer to the date and if BP has a sudden surge from now till then
Kosmos, COP, BP
I am surprised by how little comments there are for this post. It really is fantastic. Something else to consider that you didn't mention is that keeping BP Usage lower during a low VIX environment. I know VIX isn't always correlated with GLD, but during times of market stress/panic it becomes more correlated. So if we are VIX gating our BP, then this trade makes a ton of sense. We spend more time selling ATM puts with a longer DTE, and then if assigned use the shorter DTE to wheel them off ATM. Trying to keep the majority of our time in the contract on the put side. If VIX elevates due to market stress GLD prices usually increase and we can exit the position and move into higher IVR assets or just farm the rise rolling the puts down(up in price) as GLD increases.
This. 👍🏼 I do have the BP to overlap on the last day, so I end up with 6 open contracts most of the time. Rolling would essentially accomplish the same thing if I wasn’t letting it expire.
RYCEY, Rolls-Royce ADR. it was down, my guess was it would recover. Had I known I would have gone all in, almost %800 on shares. Interestingly the CEO is ex BP and they’ve not performed well.
If you have the buying power to sell 5, then you can sell 1 every day. You can roll the expiring one out on expiration day or let it expire and sell a new one if you have the BP.