BP

Bravadette

Wait, 3BP is coming out this month too 😭 what the fuck. November is gonna be amazing.

Mediocre_Gap2236

Compute is as much a commodity as crude oil Are the oil giants not making money? BP, Exxon?

Valkyrie_Skuld

ABNB had really good earnings, either way we need to start breaking out from crowded trades because they always get punished. And the best dip to buy right now is still probably oil like BP or something with divis USO options suck

sport912x

Really there a people who trade options still at Fidelity. The last I heard Fidelity can NOT even figure out Buying Power, which is a critical part of Selling Options. Forget that Fidelity requires 3 times as much BP as others, then cannot even change it in real time. Let me give an example . You Sell a 200 Put so Fidelity requires 8k of BP (everyone else in 2k-4k), but you want to free up some BP so you Buy the 150 Put. Tos , IB, Tasty will change the BP to 5k , the next second (50 pts defined risk). Fidelity it might figure it out in a day or two, but probably not and will leave the BP at 8k. Note that Tasty is dropping their current desktop, to be a mirror image of the Web platform, not bad but not to my liking. The Tasty Web platform , similar to the Tos Web , but still missing stuff on the desktop. The Tos desktop is 25 years old, but still very complete. Actually I do not think anyone beats their Analyze/Risk Profile which at this point is OLDER than some of the users.

zaevilbunny38

BP,PR , EC, Batl, Zim, Onds

DataDude00

One of my best investing strategies over the past couple decades has been to buy oil companies when they have massive spills  When BP fucked the Gulf of Mexico (American?) their stock cratered because people were worried about the cleanup cost.   I knew they were just going to walk away and weren’t paying shit.   That shit doubled in price and pays a huge dividend based on my yield on cost 

The_Glass_Book

First of all, nice work actually backtesting instead of just trading on feel. A few things I’d check before trusting the 16%: 1. The test period. 2023 was a low vol, steady uptrend year, almost perfect for short vol, so it’s not surprising it looked even better. I’d look specifically at Feb 2018, Feb–Mar 2020, all of 2022 (slow grind down with elevated vol) and Aug 2024 (fast VIX spike). That’s where the strategy shows if it really works. 2. The hedge doesn’t match the shorts. Weekly strangles have a lot of gamma, a 90-day hedge has much less. In a fast crash the short side loses faster than the hedge gains (especially in the first days). And the hedge strikes are fixed for 90 days while price keeps moving, so after a few weeks the protection can be very far from where your short strikes actually are. 3. Execution in the backtest. Check if fills were at mid or at bid/ask, and if commissions are included. With weekly strangles you trade a lot, and slippage plus fees can eat a big part of that 16%. Also SPY options are American, so short calls ITM before ex-dividend can get assigned early. 4. Overfitting. If 90 days was picked because it worked best in the backtest, it may just fit the past. I’d check if 60 or 120 days give similar results. If the result changes a lot, the edge is probably not that stable. 5. The numbers next to the return. 16% on what capital (BP used or full notional)? What was the max drawdown, the worst month and the Sharpe? And how does it compare to just holding SPY over the same period (2023 alone was +26%)? Return without drawdown doesn’t tell much. The idea itself makes sense. Selling short-dated premium against a longer-dated hedge is a known approach. Just stress test it deliberately before sizing up. Good luck on the market!

sport912x

Just use the Analyze Tab to create trades. You click on the first leg, then hold the Ctrl when clicking for the rest. You will see the BP required . This is how you create what if trades , that you can then submit (create duplicate order) or risk the tab to Analyze.

Individual_Error_428

I guess this is why Warren Buffett is True Adam for the Finance BP community.

jasgap67

R you selling puts? if yes, thats what you should expect save some BP for rainy days

The_Glass_Book

Same here, a stock journal just doesn’t capture what matters with options. What finally worked for me was splitting it into three layers: At entry – Strategy, strikes, expiration and DTE – Credit or debit, max profit, max loss, breakevens – IV and IV Rank at entry, plus delta, theta and vega – BP used and what % of the account that is – The thesis in one sentence, and the plan: take profit level, DTE exit, what I do if a strike gets tested During the trade – Every adjustment as its own line: date, what I rolled, new strikes, credit or debit – P&L of the whole trade chain, not each leg separately. Rolls make single trades look much better or worse than they really are. At close – Final P&L, % of max profit, days held and P&L per day – IV at close, so you can see whether you made money on direction, on theta or on vol contraction – Why I closed it, and whether I followed my plan or overrode it On timing, you’re spot on. I don’t wait for expiration, I go through everything every day: each position, short strikes, deltas, and the whole portfolio on top of that, net liq, BP usage, beta-weighted delta, theta, vega and sector exposure. With options a few days can make the difference between a cheap roll and no good roll at all. I keep my own portfolio log public, and the biggest lesson so far is that the “followed plan or not” column tells you more than the P&L column.

VulcanSpark

I am only concerned about the diesel prices required to run these AI data centers, has any of these companies bought eqnr uso or BP as a Hedge?

Pension2options

Not quite. It's best to view it this way: Cash Account: Cash works like regular cash: Buy $10K AMZN -> debit $10K cash Margin Account: $10K Cash -> $10K Buying Power (BP): Buy $10K AMZN -> debit $3K BP So my BH assets are not collaterals, they're their own separate entities. See my OP edit for comparison. And see this for keeping some of your account with BH: https://preview.redd.it/oju4jrirevyh1.png?width=810&format=png&auto=webp&s=63d5b6b77973932767b5de02bc51ec690f2372ff ("M" for margin)

sport912x

Selling Naked Puts or even CSP's is not risk free. Yes if you are assigned you have a Real loss. I would just close the stock and take the loss and move on. Tying up the money and selling CC for the next 5 years not my style. Actually Tasty Sosnoff says you should use the BP required to start the trade as and indicator of the real risk, since Brokers use that BP to protect themselves if thing go bad. Also the Bp will increase as the market sells off.

Remy0782

Disgusting, Same for Shell and BP. And acting like they have such a though time with high oil prices

sport912x

You may be looking at it all wrong (The Reddit way). Even if your strike is broken , but you have over 20dte then it is doubtful you will be assigned. Your P/L will be way down because that is counting in the Extrinsic value, but if you assigned that all goes away. What will change is your Buying Power Reduction, if you use BP to Sell the Option. If you use CSP , then nothing changes. For example an 18Dec Amzn Put 200 uses 20k of CSP, but even today only 2.2k of BP, I am guessing it was 1.5k yesterday.

moorhound

Spoiler: it's gonna keep drilling all day, and then Exxon/Chevron/BP guidance is going to be terrible so it drills even more

ScottishTrader

>naked puts are much riskier than spreads Let's clarify some terminology. "Naked" puts are not cash-secured and would require the highest option level and a margin account to trade. Selling "cash-secured puts" in a cash account has far less risk than spreads. Spreads have multiple risks you do not seem to be aware of. For example - * The short leg of a spread can be assigned, and if the long leg is not exercised, this could cause a loss to the account. * Allowing spreads to expire means the short leg could be ITM while the long leg is OTM, being assigned shares while losing the long leg protection. It is common to close spreads and not allow them to expire to avoid surprise risks. * Spreads are more difficult to roll and defend, so losses can be more common. * Some traders may leg out of the long option, leaving the short option uncovered and at risk. * Because spreads require less buying power than CSPs, a trader can easily get into more positions than the account could handle if assigned. This is why a higher level of options approval and margin are required. You can talk to your broker to see what they tell you as you may be allowed to trade this way in some accounts. Something that may also help you is that doing what you are asking about will lose the lower buying power of a true spread. If you do sell a CSP it will require the full cost of shares to be held in your account. If buying a long leg is then allowed, it will not be the same BP that a spread might use, so that benefit is lost. Quick examples - Bull Put Spread - * Short $100 put/long $95 put is a $5 wide spread with a max risk of $500 (if managed properly), and if a net credit of $150 was collected, would **hold only $350 of your capital** until the position was closed. * At a $150 net credit/max profit collected, the return on capital (ROC) would be about 43%. $150 max profit/$350 cap held = **42.86%**. Legging In - * Short $100 CSP would **hold $10,000 of your capital** to buy shares if assigned. Buying a $95 long put for a cost of $150 more of your capital for a total of $10,500 minus $150 net credit, would be $10,150 held. * At a $150 net credit/max profit, the ROC would only be about 1.5%. $150 max profit/$10,150 = **1.48%.** Summary - Tying up the full cash collateral to mimic a spread drastically reduces your Return on Capital (1.48% vs. 42.86%) and locks up excess buying power. Managing separate legs increases assignment complexity and broker intervention risks near expiration. If you want to trade spreads, then apply for multi-leg spread approval with your brokerage. If your current broker declines the upgrade, consider opening an account with a platform like Tastytrade, which offers a more streamlined approval process for defined-risk option strategies. Hope this helps!

MaxCook1e

BP earnings call

moorhound

This has the potential to get *extremely* fucked if Exxon/Chevron/BP say damn near anything about supply constraints on guidance today, especially right before the Black Friday/Christmas season starts.

MaxCook1e

Called BP and BP is rising hardd

TheSexProfessorX

Meanwhile EXXON , BP , SHELL making the bucks while everyone will be in the street not being able to buy their food

MaxCook1e

I'm all in BP for tomorrow

MaxCook1e

4k on BP rn

ElkQuiet1541

I thought you meant BP’s earnings tomorrow

MaxCook1e

BP it is today

MaxCook1e

My call still is BP

MaxCook1e

BP for tonight

MaxCook1e

I believe in BP tomorrow

dysnoopian

Glad I didn’t dump my accumulated BP @$47. Took forever to bust past that level.

DSCN__034

Sounds like this makes sense. I was going to ask why not roll out to the next day. Can you explain what you mean by "-2x the straddle price"? Thanks. Maybe give an example. Also, do you ever consider buying a far OTM put to reduce BP?

Flex1968

Just another day, AFAIK. I am an NVDA bull who was quite late to the party, but have bought all the way up from around $102.50.... Have yet to even note my BP rise, much less have a "heart attack."

Yestir_

BP specifically

zapembarcodes

Why not cap your loss (and your BP) with a cheap long put? Could be as cheap as $5-10 and do your account wonders.

survivalofthesickest

BP. 2027 puts are dirt cheap.

sport912x

You do not understand selling Puts, but then again neither do the people who Sell Csp. You need cash to do a CSP . The cash should be getting interest but it might not. If you Sell a Naked Put here is the difference. On a Csp a $200 strike requires putting up 20k , maybe you get interest on the 20k maybe not. If you sell a Naked Put in a Margin Account approved for this then you need only 3k-4k . That 3k is called Buying Power. The general rule (IB, Schwab, Decent Brokers) give you 75% face buying power on things like Sgov (Bil, Tbil. etc) which gets monthly interest . That means 100k in Sgov gets 75% BP to Sell Puts with. The other part of this is that active traders selling Puts go out of their way never to get assigned. They use 20deta at 42 dte , not 50delta a 0dte. Still you have to be careful. Most keep 100% backup BP, so if a Put requires 4k , they keep 4k of BP dry . Most reddit users who have been scammed with Csp's for the last 10 years just cannot believe this. It is really hard finding out you have been a chump.

Glittering_Dig3798

I have 75k BP and I'm afraid to use it!

SableDrilling

i think you hit on the big question with BP and Shell. they talk about energy transition but when oil prices are high they just chase more drilling. its all quarterly profits for them for research i usually start with iea reports, they have a lot data on actual deployment numbers not just hype. also look at who is actually building stuff not just promising things. the companies that survive will be the ones with real contracts and revenue not powerpoint decks on the ethics thing i respect that you think about it. i avoid shell completely for same reasons you mentioned, what they did in Niger delta is not something i want my money touching even indirectly

seviniryusuf

A few things that actually drive returns in clean energy: - **Interest rates.** Solar and wind projects are mostly upfront cost financed with debt, so rising rates hit them hard. 2021–23 was a painful demonstration. - **Policy.** Tax credits, auctions and subsidies can make or break project economics. - **Growth ≠ shareholder returns.** Solar panels became a commodity with heavy oversupply: huge growth, thin margins. Look for pricing power instead: grid equipment, transmission, or utilities with regulated returns, rather than panel makers. On BP and Shell: BP actually tried a big renewables pivot around 2020, then scaled it back over the next few years because returns were lower than oil and gas. So majors buying up the whole sector isn't a given. On ethics, a pure-play clean energy ETF like INRG doesn't hold the oil majors anyway, but check each fund's holdings list. Many funds also offer screened versions that exclude companies by sector or controversy.

YourChildhood5762

All the major oil companies are heavily involved in renewables. They're too smart to sit around until they have no justification to exist. They are the best clean energy companies to invest in because they have a current source of income, actively research future income, and have the cash to buy whatever they need or want. BP and Shell, being European, are farther along this trail. Shell has been especially pro-active. The American Indycar series uses 100% renewable race fuel. [https://www.shell.us/business/shell-energy/products-and-services/renewable-solutions.html](https://www.shell.us/business/shell-energy/products-and-services/renewable-solutions.html) [https://www.shell-renewable-diesel.co.uk/](https://www.shell-renewable-diesel.co.uk/) [https://www.bp.com/en/global/air-bp/news-and-views/air-bp-news/kwinana\_transitions\_into\_one\_of\_regions\_largest\_sustainable\_fuel\_hubs.html](https://www.bp.com/en/global/air-bp/news-and-views/air-bp-news/kwinana_transitions_into_one_of_regions_largest_sustainable_fuel_hubs.html)

RoyaleWCheese_OK

Given shell ditched all their renewables and BP is about to do same…

MixedBrunt431

I get what you mean about the ethical side weighing on you, that's not a small thing to carry when you're trying to invest. My family is from Brazil and we got similar stories with mining companies just doing whatever they want in the north, it leaves a bad taste. About the research part, I started following the supply chain instead of just the energy producers. Like who makes the inverters, the rare earth processing, the grid infrastructure stuff. That way you see which parts of the chain are actually bottlenecked and where the money flows first when governments announce new projects. The utilities and grid operators have some interesting reports on their investor pages, they talk a lot about interconnection queues and how long projects sit waiting for transmission capacity. That tells you more than the ETF factsheet ever will. On the BP and Shell question, they already buying up renewable developers but it's not as simple as just throwing money at it. Their whole corporate structure is built around project timelines that take 5-10 years for oil fields, renewables move way faster and the margins work different. Some of the smaller pure play companies actually benefit from that slowness because they can move quicker on new tech. The big guys might end up buying them later anyway so it's not like one approach wins, it's more about what timeline you comfortable with.

fomoandyoloandnogrow

72% chance of 25 BP hike by December meeting. Only 15%octoner

HammerDownl

Apple closed green KO closed green JPM closed green. BP closed green LLY closed green Just a sample of what i own that closed green.

U3011

Agree. What is to stop them from placing in a 50 BP now and another 50 BP in December? Rhetorical from a nobody in the grand scheme of things. I foresee a lot of hurt globally in the very near future. No idea why people are thinking they will hold or cut.

Prestigious-Ad-6670

2.1k in positions and 8.6k in BP. I’m sorry but this has to be fake

AffectionateTour3021

nah they were early and have no more BP

Necromancer2k8

They are all debt driven companies. For every 1 BP higher, crwv owes 500 million + more per year on current debt. GPUs and racks ain't getting cheaper, though the price of compute rental is getting cheaper. Make what you will of that. I still say crwv will be the first one to fall on this precariously stacked house of cards.

MnkyBzns

After Standard Oil was dissolved, it's 39 successors eventually coalesced into some of today's largest oil corporations (Exxon, Chevron, BP, Saudi Aramco). If you owned one SO share, pre-dissolution ($650 in 1911, which is ~$21,500 today), it would be worth $22-37 million, dependent on dividend reinvesting. Monopoly breakups can be great for investors.

papakong88

In option trading, margin required means collateral required. Collateral is satisfied by buying power, not by borrowing. My broker does not lend me money to use as collateral. I use my account’s BP. Each security has buying power. For example a $100 stock has $70 in BP. Use my table to do the evaluation for portfolio margin. Simply use your required margin.

8lbs_overweight

Yup was write. Qqq 747 puts did return 100 percent. Too bad im out of BP. I would buy the bounce once it reaches 745

Prestigious-Ad-6670

Shares can go hard too, you can get 100% gains often. 200% if you’re lucky. Just won’t get those 1000% hits as often, and believe me I know how they feel. If I were OP I’d learn to have better risk tolerance. There are people with a fraction of the BP he has left that probably have better risk tolerance.

Glittering_Dig3798

It's a good chunk of my BP as well. I should probably sell

imustbegthequestion

It is imperative that the Fed raises rates by at least 25 BP in this month's FOMC. Anything less is criminal and anything more is political sabotage. Any body on this planet of Earth trekking you out is priced in before the prevailing thirsty Thursday is selling you snake oil and claiming the nanobots cure Russian plague.

patiently_entropy

:kek: 190lb BP talking shit on the internet. What a twat

sport912x

Are you saying you do not have enough cash or BP in the account to cover the $1100 and have to borrow that amount at 5% from the broker. I do not think that is allowed. Frankly I never heard of this.

papakong88

It depends on the stock. Using SNDK as an example, the stock is currently at 1720.  If we are selling a Oct 30 1550 put, the BP required is 47K. Put is 10% OTM. The margin required will increase if the stock price drops. We can estimate the MR by looking at the BP for the ATM put, ie., the 1720 put. The BP is 60K. So the margin required for the 1550 put will be **at least** 60K if it becomes ATM. Now if the stock continues to drop, the put can be assigned. Assignment requires 50% of 1550 or 77.5K as initial margin. The worst outcome is assignment. If we have 86K in BP initially, and our account drops 10%, we would still have the BP to meet the assignment.

AffectionateTour3021

Logan called for 50 BP increase last night. I don't think market cares lol

Me-Regarded

I gas up there but not if the lines are long, nope BP it is, and I can get a nice coffee

Jason_Steakcum

How many billions in BP do I need in order to sell 150 fuckin naked puts on MU

I_know_nothing_42

If you have 2500 you can open up a tasty account with full margin. Start out selling puts in SOFI. 20 delta. 2 contracts would put you at just under 20% BP used. sell it to expire before earnings. You don't want to have anything open during earnings. Earnings is when the stock moves I don't expect much upside surprise in consumer fintech. Your adding in way more a month than you can make selling options. So go slow. Keep your BP used below 30% and you can take assignment if you want, but you can make more just rolling puts a few times. Just be careful with sub $20 stocks. There is usually a reason for the low price. I think of $20 as the new $10. There are a lot of dog stocks that you should not own and with increased rate and debt pressure between the Fed and AI debt issuance. There will be a lot of strain on poorly performing indebted companies in the next 6 months as they try to roll over debt.

sport912x

Most that talk about this are just doing an enhancement to their BUY AND HOLD of stocks , usually but not always as a CSP. Nothing wrong with that , but that is not really an income strategy. You will end up bag holding stock. The way that Tasty and now LossDog pushed this was by Selling Naked Puts using Buying Power in an approved Margin Account . The difference between a Csp and Naked Puts with BP is the following. A $200 strike as a Csp requires 20k, as a Naked Put in a Margin Account 2k-3k BP. There is a difference in leverage. If you are always willing to take assignment (because you are an ethical trader) then you will tie up your capital in stocks. If you are just Sellings Puts for premium, try to close early or roll and never take assignment. When assigned you sell the stock and take the loss and move on. I guess that makes you an unethical trader. Me I am in it for the money, not ethics. The wheel is great if you have 2 million in capital and are willing to put it in stocks. Just Selling Puts still requires bucks, since you have to keep over half of your capital dry in case your puts get in trouble. So no , I think if you are looking for 100k a year you will need over 500k in capital. For 100k you could do 5-10 Puts a month and even that might be close. At $100-$300 profit for each trade you see the limitations. I am talking about decent Puts in stuff like QQQ and SPY bringing in 300-600 in premium and maybe you keep half.

The_Glass_Book

Credit spreads are very good strategy. If they suits you and your portfolio this is good starting point. You can also try short naked puts on smaller underlings (few from my list: UNG, KWEB, NKE, KWEB), as you said watch for volatility level - I prefer IVP (more accurate than IVR). BP for short put (for example) on UNG - only $250BP. Watch also liquidity. Naked strategies have greater theta retention than defined risk - you can manage and be defensive. Don't exceed 5-7% of BP per position. this is hard limit to diversify

The_Glass_Book

I don't want to choose any 1 best strategy. Mathematically this has the same payoff profile as short put with significantly less bp: unlimited downside and capped upside. Todays numbers on SPY and RegT acc - 100 stocks + CC: $35k BP, short put for 51days only 14k of BP. You can also do PMCC: Synthetic long stock + Covered Call ($15k bp). Stock gives you staying power, you can wait as long as you want to rally, but you can't manage, you have 50%POP and no way to manage

The_Glass_Book

Good opportunity. Calls are juicy now. EWZ have very low correlation compared to market, 0.21 to SPY. In my portfolio I had many strangles with very high POP, practically all of them were winners - only 1-2 strike was once breached in past few months. It has also very small size - $37. Strangle BP \~ 400USD. When you trade on that big underlying you feel like surfing on wave.

The_Glass_Book

Yes, but I'm strategy indifferent. You can also try ZEBRA and Short Synthetic Stock - ZEEHBS. In my portfolio it works great! Especially in low-vol environment. It is also a good hedge and premium diversification. If you have PM account it releases BP!

noobletato

Might do that. No conditions yet and healthy weight, if not a bit under, but high BP runs in my family so it's gonna show up at some point

Burger_Gouger

Go to the doctor and get BP meds. It’s like a performance enhancer because you can go bigger and bigger without risking health

jarMburger

Sell a leg closer to the money and then buy a leg further out. Limit impact to BP and set max loss.

SwordfishLopsided

Yes, that's the beauty of futures option: it is technically a derivative of a derivative and somehow worked out to a lower BP requirement, plus in your case near 24hrs coverage

Low_Plastic363

It's gone up another BP in the last hour. 5.21

Independent-Ask8248

Im sure you are. Meanwhile in real life in the 70s during the oil shortages the 40 years claim was made regularly. 1975+40=2015 so about 10 years ago depending on when the claims were made. And in the 90s I remember listening to people debate about it and multiple outlets and scientific journals saying peak oil would be in the early 2000s and then we'd be running out of 'cheap oil for industrialized nations' not long after that. BP in the early 2000s said we had 41 years worth of oil left and many people ran with that as a statement of undeniable fact and fear mongered off that as well. Then you had the NYTs more recently around 2010 saying we had 50 years left. This claim is endless, and will never stop. Just like the climate change thing how we're all going to drown because of global warming and rising sea levels, even though Antarctica has actually been gaining ice for awhile now. Alarmist are almost always wrong, and as younger people run into the same claims they lack the experience to recognize them for what they are... Same reason I was paying attention to them in the 90s lmao.

papakong88

>What is your definition of a naked put ? A naked put is an options strategy in which the investor writes, or sells, put options without holding a short position in the underlying security. A naked put strategy is sometimes referred to as an “uncovered put” or a “short put” and the seller of an uncovered put is known as a naked writer.  Ref: [https://www.investopedia.com/terms/n/nakedput.asp](https://www.investopedia.com/terms/n/nakedput.asp) The writer can use the buying power of his account in place of a short position. The BP required is known as BP required or margin required.  The cash and securities in your account have BP. For this discussion, I will assume that the BP is from cash. In my example, I am comparing selling a Oct 16 NVDA 212.50 CSP for 2.05 vs selling 2x205 puts for a total of 2.06. The CSP requires a collateral of 21,250 while the collateral for the naked 205 put is initially at 9,000 total, but can increase to 11,000 if the puts are ITM.  (That’s why I sell 2 only) So the naked puts have a higher rate of return. The 212.50 put has a delta of 0.20 while the 205 put has a delta of 0.11. Which position is riskier will depend on how the risk assessment is made. I will pick the 205 puts as less risky. There is no correct  answer. 

papakong88

Continue what you are doing. Instead of selling CSP you can sell naked puts to be more efficient in using capital or to reduce risk. * Higher rate of return For example, Oct 20 NVDA 212.50 CSP requires 21,250 in BP but a naked put requires 4,375. Therefore, the naked put has a higher rate of return.  * Lower risk The 212.50 put has a delta of 0.20 and is $2.05. A 205 put has a delta of 0.11 and is $1.03. So So one can sell 2 x 205 put to get the same dollar amount but at a lower risk.

Temporary-Scratch-24

I do something vaguely similar in PM, but on QQQ. Instead of strangles/straddles, I do jade lizards (I believe Tasty refers to them as “Big Lizards”)? The profile is similar to an iron condor/butterfly, but only one side is “capped” (I cap the bull side bc I am long term bullish). The issue is that it’s not really a theta play (if you call that an issue) and is closer to a delta play (pretty much a normal LEAP but for a credit, and for at least my portfolio generally adds BP) It works for me since I have a long time frame, and I convexity hedge short term actively to mitigate margin call issues. Another issue is huge run ups are capped, which isn’t necessarily bad bc you can roll up and maintain date (if you remain bullish, of course). Since you mentioned SNKD, I would imagine you could do it here too, but for me I prefer doing it on the index. Just be careful of bid-ask spread drying up in the future. For example, let’s say (by some wild world) nobody really cares about SNKD after a few months. I would imagine OI plummets, Bid-Ask widens, and your mid price will reflect this affecting your NLV. This may cause some problems for margin efficiency. I would imagine that, while this is u likely, it may be something to consider (I have more conviction the index wouldn’t be as likely to experience this)

papakong88

Yes, you can if you have the approval level to sell naked calls.  The naked 30675 call will require 730K in buying power as collateral at Schwab. It is higher at other brokers like Fidelity. You can sell call spreads which require a lesser amount of BP. You will need the approval to sell spreads but it is one tier lower than naked options but one tier higher than covered calls.

SwordfishLopsided

2% of BP seems big, I use net liq

GainDelicious1894

Buying power is hard to calculate and you always need a lot of BP! 

whatsgoingonhonestly

.5% BP hike next month :ahyes:

Sick0h

When you just buy some random stock after hours with any available BP because you’d rather lose money than sit in cash for 17 hours 🤷🏻‍♂️

wl-hung

And a lot of treasury money market funds pay 10-20BP higher than savings accounts, and still people keep their savings there.

imustbegthequestion

So... With all the money y'all be making off the 1R3N war, $XOM $CVX $BP..., y'all gonna contribute to the #Hyperfund for all the petrochemical lawsuits that energy company's, like $DUK in Lake Norman, are futilly fighting right? RIGHT? Otherwise, 0.05 USD off at the pump ain't gonna cut it.

Vlisa

AXIOS Breaking News: Daktronics $DACT secures multi billion dollar deal with Shell, Exxon and BP to replace all gas station signs with 4 digit displays.

Tokyo-Dream888

hope they didnt trick you like the BP in miami try to, with a massive difference between the cash price vs card

Sawyer_Anderson

My only regret is not being able to open more because other options are eating up my BP i'll be good in oct/nov though and then we doubleing down on space X

DoubleRefusal

should've been a 50 BP hike

ShroomGrown

My local BP put diesel in the gasoline.

CMTTrader

I am 4x leveraged for the first time in months. Full ported 100% at Warsh bottom, 100% more full overnight BP yest AH/overnight/today pre-mkt, and full 200% Intraday BP now 👍 LMAO

lll_lll_lll

The market hates uncertainty so getting certainty on the rate rising only 25 BP will cause a little bump yes

Nobody98_8

If Energy keeps going higher and US doesn’t try to stop the bleeding on its debt (honestly we all know that ain’t happening), Fed will keep trying to hike 25 BP each time since today

houcok

Now that fed has raised rates by 25 BP, is it still good for NVIDIA? This stock was trading all over the place after the announcement.

klipsetrades

Yeah, then that would explain the exact $7,200 pretty cleanly. My guess is it’s just an intraday reconciliation issue and the extra BP disappears once everything fully updates

spellbadgrammargood

Warsh should've went more than 25BP

The-Iron-Bird

100 BP hike, Warsh says "fuck you calls" then drops mic

Krasmaniandevil

A 50 bph now doesn't guarantee no additional hikes for the rest of the year, and may signal that total rate hikes by Dec. 2026 might be 75 or even 100 BP instead of the 50 that is currently assumed. Two 25 bphs is smoother, more gradual, and signals that the problem is under greater control, whereas a 50 bph makes the market question whether things are worse than it thought.

The-Iron-Bird

lol, cant believe you fell for that fud. reddit/discord servers are not moving a 2b mkcp ticker. retail can orchestrate a squeeze <100m but at this level far bigger players have their own game. currently tutes and a bank or 2 are fighting the tape for eventual BO price (BP will not BO unless the premium is "realistic". 5x more palatable to stockholders than 10-20x)

More_Programmer8905

(IEA): Under its stated policy scenarios, the IEA World Energy Outlook projects that a plateau or decline in oil, gas, and coal use could take shape around 2035, though baseline trends continue to shift based on updated government climate commitments. Shell: Projects peak oil around 2035 at roughly 103 million barrels per day under its Archipelagos scenario. MarketsandMarkets & S&P Global: Estimate that global demand will crest or plateau near 106 to 111 million barrels per day through the mid-to-late 2030s before seeing substantial long-term declines. Aker BP: Expects demand to continue climbing toward roughly 112 million barrels per day by 2035 driven by aviation and petrochemicals, even as road transport fuel demand stabilizes.

Objective-Plenty5185

80% Shell 20% BP

One-Dingo1220

It requires 1000BP, if the strike falls below 69 I can roll that contract out for and get a lower strike plus more credit.

klipsetrades

The math doesn’t really support an extra $7,200. Your 10 contracts only had $12k securing them to begin with. So, sounds more like a BP/display glitch during the partial fills