BP

autohome123

Better question is why did they let him take this position in the first place. There is no way he had sufficient BP to fill the trade.

TheFreshOne

I'm going for BP calls. One of these days, I'll finally get a win. :*)

Incendras

It explains a majority of the difference. AI heavily impacts SPY, so yeah it actually makes sense. 100BP cut wont happen, if it did, yes it would send equities flying, while simultaneously weakening the dollar.

dansdansy

Notably, there is a ton of drilling by companies like BP, Exxon, Shell and Chevron close to Venezuela and Guyana. If they retaliated against the oil fields it could cause a pretty serious supply effect. The US is the largest oil exporter in the world right now.

papakong88

If you have 10K in cash you will have 10K in buying power (BP). The BP can be used as collateral to sell options. A naked put or call requires about 20% of the notional value as collateral. For example, you can sell 1 XYZ 100 cash secured put but you can sell 5 naked puts. If the put is assigned, you can buy 20 K of stock on margin with the 10K. You will be in trouble if you have sold 5 naked puts. You can do that at any broker - but you need approval to sell naked options. You can use the 10K in BP to sell spreads to achieve a greater “leverage”. But you will need approval to sell spreads. The approval level for naked options is higher than that for spreads. The rule is the same at any broker.  

farcat

Holding 1 beautiful 115c for December. Once I have some more BP freed up I will get some more. I was perplexed when they dropped under 100, so thats when I started flipping calls. But now im thinking, as painful as it is, I need to buy stock and let it simmer a year or 2.

papakong88

u/Miserable-Dingo2728, I am moving your question here, so the discussion will be in one place: *“Based on the newly posted strategy for rolling an ITM PS after you found out at 10.30 AM that you are 190 points ITM, what was the thought process behind rolling it to Monday with the same strike-24740. Based on your strategy wouldn't it have been a right decision to roll it to ATM on Monday and then shorting a CS?* *However I am happy that your roll worked out!”* The procedure is used to roll an ITM PS or CS out with the objective of getting the cost and risk down to as low as reasonably achievable (ALARA) level. The available resource is the BP for 2 ICs. At 10:30 am CT on Friday, 10/10/25, NDX=24550. The 24740 PS is 190 ITM and would have a max loss. The first step is to roll the PS out. This usually will have a cost. Then we will sell PS and CS to lower the cost.    To achieve the ALARA objective, we can vary many parameters such as the expiration date, the strikes and the number of PS or CS sold. The process is iterative, i.e., the parameters are changed until the objective is met. The objective is met if the cost is below an acceptance criteria. My acceptance criteria is $5. (This is arbitrary. It is an individual choice.) We will try to roll it out to Monday, 10/13. Roll out even to 24740 would cost 9.00. Roll out ATM to 24550 would cost much more. If we roll out even and then sell 2 PS, we can meet the acceptance criteria. Therefore, it is not necessary to sell a CS. If we roll ATM to 24550 then sell 2 PS,  we cannot meet the acceptance criteria. We must sell a CS. It’s a judgment call. Every setup is the correct setup based on our judgment. Looking back, I had 3 episodes of potential max loss of 100. They are documented in [https://www.reddit.com/r/options/comments/1l28vfd/0dte\_with\_ndx/](https://www.reddit.com/r/options/comments/1l28vfd/0dte_with_ndx/) The dates are - 1/27/25, 8/19/25 and 10/10/25. You will see the rolls are different but the basic principle is the same - roll and have somebody paid for it.  

LadyQRex

There are several major BP companies that would love to acquire the IBRX pipeline. With all of its patents, the company should be worth 10x more than what the SP suggests. We have to deal with the shorts first which would give him plenty of leverage in partnership negotiations. In a worst case scenario, he sells and we still win.

AippleMac

Ps Also a good path of science I like seeing. Some of the BP banter was…..

atx78701

Most people won't beat the s&p It can be done but not by trading I get the best return when something bad happens to a fundamentally solid company and the stock takes a big hit. Mostly I do vgt Things like Exxon oil spill, BP oil spill, mad cow disease, covid, etc Those things are not very often so I rarely watch the market

Disastrous_Room_927

>am I green at any point the stock moves up? Not necessarily - you only gain intrinsic value on calls that are ITM, and it's extrinsic value will change based on (among other things): * Time: theta isn't as big of a factor when you buy that far out, but that call will lose value over time regardless. * Volatility: you'll be long vega so the call loses extrinsic value if volatility decreases. These things are part of why a synthetic long is buying a call and selling a put at the same strike and expiry: the greeks and extrinsic value offset each other, and you're at approximately 100 delta regardless of how the price moves. It's not always the case that this means the premiums and greeks cancel each other out - pricing may reflect expected dividends that you'd miss not holding actual shares, so on something like TLT you might net 25 dollars opening a synthetic long near the ex-div date. In isolation, BP usage is the same regardless of the strike, but you can be strategic about it - if you already have a long put, open near it can make it so that you can open that synthetic position for next to no BP hit and use cash that would otherwise be tied up elsewhere (provided that you're careful about having BP available for assignment). Or you can selling deep ITM on the put side for a massive credit, and if your broker supports it, earn interest on the cash you receive that's being held as collateral (an example of this would be if your broker does cash sweeps for collateral or allows you to trade with t-bills instead of cash).

farcat

Orcl CEO's wife was just confirmed as a Chinese operative tasked with infiltrating silicon Valley business to steal tech/trade secrets. Huge liability on ORCL's part. Not sure if this news is priced in yet, id imagine orcl dumping much harder. Do with that as you will, my BP is depleted but id be tempted to pick up some 90 day puts

SlothsonSpeed

I'm already almost out of BP. What a fucking poor

EfficientAd7124

I’m looking for prices to drop as revenue increases from Grab’s other services! Ideally as Grab’s margins, efficiency, and total revenue across services increase, so does the SEA economy, creating a “double driver” for growth of Grab. Grab is a great way to invest in SEA overall, because over the next decade Grab will benefit heavily from the rising consumer BP. Also, tourism is also set to rise still over the next 5 years, which will help the company grow as well.

papakong88

The options have no value in the last week and can be rolled out. I let it expire because I have BP to sell the new one.

hgreenblatt

Fine if you continue to get interest on the Cash of the Cash Secured Put. Otherwise it stinks. Also most are not happy to get a stock as it goes below their buy price. In a Margin Account with Selling of Options approved, the following Amzn, Appl,Googl, Coin,Bidu, Nvda, QQQ allow you to Sell Puts for 2k-6k in buying power, so a 230 Google Put is about 3k BP where the BP may be earning interest. 3k a lot less than 23k. That is called Leverage.

Orantolifestyle

How do you have $160 BP with only a $12k account?

rackoblack

It varies every time, but lately it's been to book LTCG for expenses in FIRE. I try to choose holdings that are a hold rating, at best, rather than selling those at a buy. Over the 30y getting to here, about 1/3 of our nw ended up self-managed in from 10-25 stocks/ETFs at any given time, ended up about half of that is in rollover IRAs. I got in and out of BP, in after they blew up the gulf out with some profits. I got into GE from teh get go because who didn't want GE! Bought more at their low of $6 going into 2009, made plenty of dividends along the way but ultimately closed the position and moved on when it became clear they were not good at being a conglomerate or doing more than one thing at a time. Generally, if Morningstar rates something I own at a hold or better, I'll hold. I'll consider adding more at four or five stars. I always had DRIP turned on up until FIRE, now the taxable account divs we keep as cash for expenses while the IRAs. Some core holdings, I'd sell around the core - trim a bit at low 4+ stars, add some back at lower share rates, sometimes doing so with TLH in the taxable side if losses were there to be booked. TL;DR The answer is basically it varies, bordering on never.

maroLem87

Worth mentioning that BP and Energy Impact Fund decide that $3.15 per stock is a fair price to convert their 25M loan [https://www.sec.gov/Archives/edgar/data/1847986/000149315225018691/form8-k.htm](https://www.sec.gov/Archives/edgar/data/1847986/000149315225018691/form8-k.htm)

Just_a_Berliner

Equinor, Shell, BP.

Putrid_Leg_1474

I hope so. Sadly the quoted prices displayed me in negative BP. Would have likely resulted in a false margin call tomorrow. Had to throw some wings on a SLV strangle to free up some stuff. Didn't want to do that at all.

Much_Willingness4597

It’s not about directly about losing money a blind squirrel would’ve made money in the last 10 years… ESG was really never about trying to do “good” it was about avoiding companies that didn’t control asymmetric risk factors. Take BP in oil. I know people who work in oil Fields, and who operate on rigs. They were well known to be absolutely insane cowboy doing dumb shit. On deep water Horizion there were a dozen things they should have done they didn’t and ALL of them at a normal oil offshore operator like Chevron: 1. Required a VP signature.(and no VP would’ve signed off on any of those risks). 2. Would have resulted in an immediate termination if anyone found out you were doing them.

snake_case_captain

Your ass just got [reverse split](https://share.google/a10YvBiyIExgRR1BP)

HunterAffectionate96

Bechtel is the best out there - no doubt on that when it comes to construction. Execution not only applies to Bechtel but how capable is the management is the real question. Everyone can agree Cheniere management is exceptional - when it comes to operations. An example of this is VG - not very good guys. Sometimes people need to learn not to believe everything that the management says. VG mgmt told investors arbitration should be favorable - but then recently got smashed when they lost to BP (albeit won against SHEL). How about the next 5 arbitrations? NEXT mgmt says macro outlook is good - yes but not in the near term (of course I might be wrong) but seems the risk / reward is a bit skewed imo. Russian Arctic 2 is a big risk (and Sakhalin and Yamal will continue to run) not to mention Qatar NFE. Recently Pouyanne (TTE CEO) and SHEL and other major IOCs saying LNG oversupply is a key risk in the near term. These guys know what they are doing - have robust trading / marketing businesses and are the major LNG offtakers. Of course I might be wrong but there are other good and less risky investments out there that NEXT.

greytoc

You are correct. It can in theory be done with a Reg-T account at RH. But the leverage is a lot less. Last time that I looked - RH doesn't offer PM margin or the ability to generate a synthetic loan using box-spreads. Without the ability to generate a synthetic loan - it would seem a lot more inefficient. With a broker like Schwab or Ibkr - the way it works would be something like this. Investor has $500k in a PM account. Assuming that the account is 100% invested - this could result in about $300k in BP. Let's say the investor wants to borrow 100k for 3 months. They could generate a synthetic loan of $100k by writing an SPX 3 month box spread. This would generate 100k in cash at approximately 4.2% rate today. The BP impact in a PM account is only about $150 per spread. The investor can then withdraw up to 100k.

miTgiB37

The failing fiat currency only is screaming buy hard assets. So gold/silver and their mining stocks, timber REITs, oil stocks, income producing real estate...... I am sitting on about 5% physical gold/silver, a good chunk of GDX, NEM AEM B and lots of CVX XOM BP

Sunt_Furtuna

But you have to have a large account to do that, no? Like, you run out of BP pretty quick.

papakong88

The 0DTE strategy recommends that for each IC we sell, we must have BP reserved for 2 ICs. In my example, I will be selling 2 PS for $1 each early in the day. At this price, the strike is OTM. The amount OTM is equal to 3X the Expected Move.

Citizen_of_Danksburg

BP?

beans420666

Lost half my BP on Thursday on 0dte, decided to just add to long term instead and start again with what's left on Monday. I'm going to bring my BP and get money back 💯 💪 Nice gains. You have a great trading strategy. Keep up the grind 💪 🔥 💰

papakong88

The standard is there but the interpretation is different. For example if you sell a spread and later in the day you close the short, then you can get a day trade margin call if you do not have the BP for a naked option.  Schwab will not do that.

jarMburger

Usually people aren’t selling that far out because there’s very little theta decay on that long dated contracts. I usually sell weeklies or monthlies so I can put my BP back to work faster.

im-regarded

Half my BP gone trying to revenge trade. I am going to shove a C4 up my arse

anonkraken

These 50BP swings on SPX are wild and fun. Totally legal and very cool.

Josepth_Blowsepth

Your $2.59 BP is no flex

Traditional_Page_75

Rockefeller was the richest man in the world when he died in 1937 with 1.4bn. 430bn today. Interestingly, he made the majority of his money after the breakup of Standard. As the American economy grew into its own, the wealth generated from his shares in Exonn, Chevron, BP, ect. Were simply unimaginable.

BasedBallsInMyFace

How is BP < port value total?

Educational_Coach269

what a waste of time. Nothing going to change by you staring at your holdings bruh. Only BP will go up and down through out the day. take a deep breathe my friend.

SlothsonSpeed

How tf am I always out of BP when this bullshit happens

ImFaucy

Anyone else make plays with some money but save some BP just in case but then end up not using the BP but could’ve full sent the plays you already made since those hit

hgreenblatt

If you have 100k you might get approved for level 4 access , but not 24 million BUYING POWER. BP is either Cash, or a percent of your assets at the brokerage, there is no margin for BP used for Selling Options. You get 2 or 3 times margin on your cash/assets, for buying stock.

Haoieee

bruh how is my BP not settled today

VigilanteWit

Forgot to leave BP, so probably nothing

Martin_2704

If the P3 Study is successful, I assume Newron will be bought by BP for couple Billions which means > 100 chf stock price (currently 15 chf)

Thump604

Besides what everyone else has said, that is not what I would consider efficient use of cash or BP. Puts are best to sell on Green Day’s with higher IV. Are you trying to get assigned at a desirable strike?

SlothsonSpeed

It's gonna gap down another 1% by monday and I don't have any BP. This fucking sucks

SlothsonSpeed

Well, all the bers got the huge confirmation they were looking for; there were THREE trend reversal candles leading up to today and I was expecting a dip but my dumbass spent all my BP scalping calls to end flat on the day anyway.

tarix76

The wheel claims another victim. Just use spreads and take your losses when they come. It's crazy to tie up buying power with CSPs and then the actual stock. The most likely outcome is you bag holding for years and having all of that capital just rotting away while you pray for your losses to finally recover. (The second most likely is you missing out on big moves with good stocks... if you like NVDA so much then just buy it for those huge gains.) Keep it simple... small account that you can refund? 5% of your BP per trade. Your real account or IRA? 2% of BP per trade. You don't like your commissions? Trade like this for a year and request a discount. Journal everything, use Excel or LibreOffice, and figure out what trades you are good at and what you suck at. (I avoid earnings on many sectors now...) Also, start trading to win money. If you are trading just to call things plays, to call your bad plays a port, and to use other WSB lingo then you are doing it wrong.

Apprehensive-Ad-477

Meanwhile the stock price is becoming smaller, almost single digit- WT% is going on? They seem to have lost the arbitration with BP- but saying it will not have any material effect, really? I am bidding 8 in case someone panics , then 6, then 4..Kets see how low this POS can sink

IncognitoRules

Sorry I was in a rush when typing the post cause I have school but let me explain it a bit more. The contract im wanting to buy is USAR. Im wanting to get a contract ITM with an expiration of about a month or so. I got the alert that any trades whether it was ETF's, Options, or anything with equity, they'd be settled tomorrow because of something going on with banks (i forgot what it was). I wanna buy a contract now while its still within my BP but the alert and some research to me suggest that they'd be exercised tomorrow? So no the DTE is not tomorrow but in a month from now, it is ITM, but im confused on what exactly it means by they'll be settled. Edit: So here's what it says: Columbus Day Market Schedule Banks will be closed on Monday, October 13th in observance of Columbus Day, while U.s. equity and options markets remain open, fixed income markets will be closed. On Friday, October 10th, Trades involving equities, options, or fixed income will settle on Tuesday, October 14th. Additionally, please be aware that all deposits and withdrawals will require an additional business day for processing due to the bank holiday. We encourage you to plan your transactions accordingly. So they'll settle Tuesday not tomorrow but the question remains the same. What does it by "will settle on Tuesday". Does it mean they'll be exercised on Tuesday or does it mean that orders will go through on Tuesday?

UshijimaX

Look, I get it - you had a rough decade with UiPath and watched implementations crash and burn. That’s valid frustration. But let me push back a bit here: “It was NEVER easy to use” Bro, compared to what? Writing actual code from scratch? Building custom Python scripts with Selenium? Sure, UiPath isn’t Lego-level simple, but it’s WAY more accessible than traditional development. The whole point is lowering the barrier to entry - not eliminating all technical knowledge requirements. “Windows update changes a pixel and everything breaks” This is literally every screen automation tool ever made. Blue Prism? Same issue. Automation Anywhere? Yep. Power Automate Desktop? Also breaks. This isn’t a UiPath problem - it’s a selector-based automation problem. That’s why modern RPA emphasizes API integrations, computer vision, and AI-based element detection over rigid pixel coordinates. “Clients didn’t have developers on staff” Okay but… that’s a CLIENT problem, not a UiPath problem. You’re basically saying “we sold a technical solution to non-technical people and they couldn’t maintain it.” Like, yeah? That’s true for literally ANY enterprise software. Would you blame Salesforce if a company bought it but didn’t train anyone to use it? Now let’s talk about your competitors: - Blue Prism: Even MORE enterprise-focused and complex than UiPath. If you think UiPath needs technical skills, BP is like “hold my beer” - Automation Anywhere: Had serious cloud migration issues and their licensing model has been a nightmare for years - Power Automate: Decent for basic stuff, but limited compared to UiPath’s capabilities. Great for Microsoft-heavy environments though The AI/Agentic Angle: Here’s where you might actually have a point with your puts. The pivot to “agentic AI” is either genius or desperate - jury’s still out. But RPA isn’t dead, it’s evolving. The companies that survive will be the ones that integrate AI to handle those “pixel changes” you hate. Position or ban though - what strikes and expiry you holding? 👀​​​​​​​​​​​​​​​​

Ready_Philosophy_734

He might surprise us with a 50BP raise!

juicytootnotfruit

I literally only hold it for the dividend. Once the last of my shares finally hits that 1 year mark I'm going to sit on it until it hits $13.50 again and sell. Then dump all that into FXAIX, SCHD, & DRGO. Then I wait to see if my other disappointing stock picks go up. You know the ones. Pfizer, Intel, Rivian, BP. Although I'm up on all of them this last week the market pushed my 💩 in. But it's ok I'm in this for the long haul. We could see Ford go as high as $13.55 in my lifetime.

papakong88

The strategy can be implemented with IC of any spread size. I chose 100 because it is easy to set up. For each IC, I want to have extra BP for 2 IC for use in executing an exit if threatened. (If the strategy is implemented by selling put spreads only, then extra BP for 1 put spread is sufficient.) Note that the 2 extra BP is not wasted.  With 1 IC I can generate (1.30 x 100 x 250 days = 32,500) per year, for 10 K of capital. Accounting for the extra BP, the income is 32,500 for 30 K of capital. This is plenty of return. I normally do not sell junk with the extra BP after I finish my round.

Dritzz-9966

NVO, LLY, ABBV, JNJ, ... There's a lot of BP left.

Virtual_Candy8193

I mean I don't mind paying for the doc, I will. The hospital portion of the bill is 8x of the doc's amount. All they did was check my weight and BP

Aft3rcuri0sity

Your BP has 46? Reload some $$, we wanna see spy 0 dte

hgreenblatt

You seem to have the concept. Of course if Google sells off to 200, then you may be kicking yourself since you will have a 5k loss. Maybe follow the guys over at Tastylive for a month and watch their free vids for a month. In the meantime chew 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 must get approved for Selling Options, this can be hard at many brokers. Tasty is the only one that gives it to everyone. If you Sell a Put without being approved, then it is a CSP, and none of this applies. 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

907cconnak

I need to make 1k/day and today is making it tough, but, im up 300 and I have calls for next month. Out of BP. Guess I should do sum else 😕

TheInkDon1

Can I ask you to check an example ticker? I use Schwab, so I don't know how IBKR does Buying Power (if that's what you're referring to), but in my Schwab Cash/Margin account, LEAPS Calls still usually win. I like gold a lot, and **GLD** gives great leverage when buying an 80-delta LEAPS Call. So can you check the Buying Power Reduction when you buy 100 shares of GLD? Because I think that's what you're talking about, right? You can buy a stock, but only get "charged" a third or a fourth or a fifth of its cost as Buying Power Reduction (or BP Effect). So what is that ratio/leverage for you on IBKR? Thanks.

papakong88

You have 28 x 10/7 6720/6730 call spreads. Currently, SPX = 6740, we want to roll to 10/8. 6720/6730=7.65. Checking the expected move of SPX on 10/8 using the ATM straddle value. EM = 23. I like to roll up to a strike equal to 2xEM or 6780/6790. The call spread = 1.65 so roll up is a debit of 7.65 - 1.65 or 6.00. To offset some of the debit, I would sell the 6700/6690 put spread for 1.25. The 6700 put is also at 2xEM.  The net cost of the roll is -7.65 + 1.65 + 1.25 = 4.75 which is half the max loss. If you have BP available, sell some 10/7 or 10/8 ICs to lower the cost further.

Recent_Register_2952

Yo RH, if I don't have the buying power than don't say I do. Do I have thousands of BP or not motherfucker? Can't place a fuckin 10 dollar bet on a game?? FUCK YOU VLAD YOU GOT ME ALL FUCKED UP TODAY 

cardboardyacht2

Want to rip nbis 135c but out of BP bc I'm a poor

hgreenblatt

Love the answers, It is terrible thing to do, risk is unlimited, I would never do that. All totally useless. In theory risk is unlimited, but not really. You have to get approved to Sell Options Naked . I never used to say Naked but on Reddit people only seem to understand Selling Calls if they have the underlying Stock. Actually that is a buy and Hold strat , not an option strat. No you do not need to own the stock to Sell Naked Calls. You have to be approved (I think Tastytrade approves everyone if you sign up). You need Option Buying Power once approved , which could be Cash, or stuff like Sgov or some stocks you own. How much BP do you need to say Sell a 20 Delta Call on Amzn... 2k-5k , depending on broker. Gee Schwab does not think My risk is unlimited, they are holding less than 3k. Rule of thumb, keep an equal amount as Spare Bp in case the market changes on you. Also once you have sold a Call you can usually Sell a Put with no additional BP. Pick a Platform that shows the Buying Power required BEFORE you do the order. Here are some Tasty vids to chew on. 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

papakong88

I am currently making 20 K a day with about 160 IC. This is more ICs than usual because I am using a larger OTM for the puts.   My strikes are 3X + 100 points for the puts and 3X for the calls. The premium is about 1.30 per IC. The spread width is 100 points. Therefore the BP is 10 K per IC. I like to have 20 K of reserve BP available for each IC sold for risk management. (10K minimum is recommended.) Therefore, I put aside 30K per IC. The ICs are sold in the first 90 minutes. After that, when I am sure that I don’t need the reserve BP for risk management, I may sell junk with the reserve BP. Junk ICs are far OTM puts that have little chance of becoming ITM. I can get 0.50 per junk IC. I like to call it a day after I sold 20K - returning only in the last 90 minutes.  

inappropriateshallot

The chances of becoming an Indian Dr. at a health network in the US are 50 to 60%. I like my Indian Dr. though I suspect he secretly judges me and he watches my BP like a damn hawk. I am going to ask for viagra at my next check- he'll probably say no and tell me to eat better or something.

NewOil7911

Open AI has a liquidity problem coming in the next years. Their own CEO wants to raise $1 *trillion.* LLM infrastructure is extremely costly. Also the BP of Open AI is accessible online: it has invented a new definition of the word *optimism* :p

hgreenblatt

Fella you Sell Puts on QQQ when the market goes up. I did get in at the wrong time on 9/23 noon, and watch the market go against me for 3 days, but now it is a great trade. The only thing I may have done wrong was not sell more as the QQQ fell. In a margin account with 60k BP , you use 6k per Put, say a 15-20 delta 50/60 days out.

hgreenblatt

That is odd/interesting. Tom was the one who started a Wheel at Tos to always try and place the order with the group giving the best prices. I know they started Tasty that way , but IG bought them over 2 years ago. Schwab the stuff shirts now offer better prices , just incredible. I was with Tasty but came back to Schwab a few years ago, just like Tos better. Also I find the BP better at Schwab when selling options.

shadowhand00

OO and TAT automation. Mostly just strategies I find around discord and then modified into my risk tolerance. Usually utilizing about 70k-90k BP.

Disastrous_Room_927

I have collars on SLV and I bought ATM around a year out. I'm selling weekly puts at the money and have collected 60% of what they cost in the last month. At this rate I'll break even on them in 2-3 weeks, and at that point I'm thinking about selling a bit farther out and OTM and buying a new set of puts to sell weeklies against. Thing is if SLV keeps on rallying, those puts won't protect losses between where I bought them and where the spot price is now if I sell close to the money. But once I break even, I could guarantee a solid return on investment selling puts nearly a year out at the same strike as my original puts are. And then use the premium and my BP for something new.

notreallydeep

Largest shitco in the world excluding BP. If I want a Permian player I buy Diamondback.

hubertdon

The 0% BP says it all

HornetTurbulent6663

PSTV showing sign its reversing, hopefully dip is over cause I'm out of BP lol

Pindar920

I held BP too. Bad times, but it was a repressed memory that you have awoken. Thanks.

Low_Investigator6882

BP in buyout territory IMO. It’s only a matter of time before aramco comes knocking.

AspriationalAutist

Bought BP 3 days before they flooded the gulf with oil. Did a ton of DD, seemed like a good value, and then...yeah...

CptnMillerArmy

Slowing down investments in new technologies is crucial for China and India to take over Americas role. Trump worked in favor of Americas energy competitors, which will achieve green energy supply dominance in the near future. While Europe is building the largest green energy infrastructure in the world, Trumps oil buddies want to sell old fossils to the EU. It’s not gonna work for long. Their oil industry decided to wait and see, not to diversify like BP and Shell. That will cause major damage in their future business, if they do not correct their course now.

SidonyD

the price will drop in short term because OPEP+ will open all floodgates. But, if it's true the reserve get empty, that could be interesting to play oil in medium term. I know Total Energy or BP explore to find more reserve ...

Canonicalrd

VIX is the blood pressure of the stock market. The higher the BP, the more the problem. Just like lower BP is also problematic, too low of VIX means a trading halt situation. VIX should be optimum.

anonkraken

45 BP on SPX. Looks bearish as fuck. Bulls are refusing to lever up at key levels.

hgreenblatt

First off this is Options , Margin usually refers to money you borrow when you run out of cash to Buy Stocks. However in Options for the last 20 years when referring to Options the term is usually Option Buying Power. So in a Margin RegT account you get 2x your cash for buying stock before you start borrowing. When you Sell Naked Options (only if approved in a Margin Account) your BP is just your cash, assets may count but you only get a fraction of their face, so a Stock might give you 50-75% face BP, check with your Trade Desk. So which are you talking about, buying stock or Selling Options. What is the advantage of Selling Options in a Margin Account? You get massive leverage. Say you sell a 300 strike Put in an account without Margin , you need 30k , in a Margin Account you need 2k-5k in Buying Power. It is illegal to charge interest on the use of BP if that is your next question.

snatchdaddy69

Hit the TD jackpot on fanduel with Emari Ln boys, hopefully got fat free roll to rip for Sunday. But today’s Friday, what stocks goin upppies so I can yolo day trading BP at it??

ToastyMustache

Yeah, I went to Vegas for the first time this year, partied for several days with maybe 2-4 hours of sleep in between. When I went for an IV therapy to deal with my hangover they took my BP and had to call an RN to see if it was safe for me to take said IV, or if I should go to the hospital. Fortunately it was safe.

LarryStink

If you wish to pick a bottom, let volatility tell you its over. Better to miss a few BP than bleed capital trying to time and pick a bottom with no signs in sight. 

ThrowawayyTessslaa

Now do away with the margin day trade BP rule. I’ve had to switch brokers 3x this year

King_Eboue

This subreddit isn't very hospitable to biotechs but with this data and level of effectiveness on a disease with major TAM, this is well worth looking at. Shkreli on twitter is saying this could easily be 3-5x. I need to listen to the call and understand if management is the type to want to sell to BP or if they want to do the full process and commercialise solo. 

Commercial-Chef-979

It’s possible though. If you leverage the right way (e.g. LEAPS) and make smart trades (asymmetric ideally, and during pull backs). But risk management is key. Selling options alone will be tough to sustain those types of returns as draw downs will be inevitable. I try to sell options for a little cash flow (CSP, credit spreads) to supplement dividends and bonds, but very modestly with only ~10% of portfolio BP, and if my short option positions go against me I start looking at it as a pull back opportunity for LEAPS or synthetics. I also dedicate another ~10% to double calendars and diagonals which are amazing to put on in low vol.

DyslexicScriptmonkey

I am surprised it has not been mandatory by now to help with the high BP headaches

Siks10

They allocate stupidly much BP for short puts. It's not likely I will get assigned on all CSP and all the assigned stocks are suddenly worth $0. I make sure I have enough cash in time for anything I might get assigned on. If I get assigned I may sell the stock, sell calls, or keep them. I probably use 90% of my margin equity to cover stocks and options

ChessPlayer1963

\>You can still trade with negative DTBP (daytrade BP) as long as you still have a positive option BP.  Not at Fidelity. I would have positive option BP (800k+) and ITBP will drop to 0 during the day. Not allowed to open new positions for the day. My positions were pretty much 0DTE.

papakong88

You can still trade with negative DTBP (daytrade BP) as long as you still have a positive option BP.  The option BP is referred to by the broker as the overnight BP. So if the positions are carried overnight, you are okay. If any position is closed on the same day, you can get a daytrade margin call at Fidelity.  There are other ways that one can get a daytrade margin call at Fidelity when trading ICs. I only trade spreads at Fidelity.

hanrei-legend

BP here means Buying Power. Lol I thought this is well known term in options. Just like O2 is understood as oxygen in science, not a telco company in the UK.

hgreenblatt

Sounds like you are using the term Margin for what I call Option Buying Power (Tos lets you use either name). I do more naked stuff , but always keep at least the same amount of BP as backup.

wyterk

\+1 to papakong88. For a 0DTE trade using all your BP is fine. If you are holding overnight it's different

AllFiredUp3000

No he’s talking about the BP gas station. The gas was helium gas so the BP jumped and OP was lost.

Grooster007

I agree with you, and I do get that his IC strategy is on an unassignable euro style index anyway. I have seen the BP requirements jump in this manner inside Tasty when scaling up quantit5on spx, it even generates a 'concentration' notice. Go figure .

xclaim494

BP = buying power ? Break Even or Blood Pressure ? lol - sometimes we're stupider than you think ;)

dip-the-buy

I really thought about BP stonk too, wondering why it jumped while all other oil stonks went down on Fri.

throwaway996120

Yeah - first thought his BP went high when he saw how much his account dipped - next I thought, he bought options on british petroleum (bp) which explained why his BP went high - finally copied it into chat to find out he’s talking about buying power