BP

imustbegthequestion

I'm going to a bar. My internet at home is sore. I gotta get some gas first. BP anyone?

Ok_Ambassador4536

I’m so fucking sick right now. Idk why but earlier I sold 5 $2.5 HTZ calls expiring tomorrow for like $6 profit a pop bc i figured it wouldn’t actually end up ITM tomorrow. If that wasn’t bad enough, I sold another $2 calls expiring tomorrow for like $30 profit a pop. What makes it worse is that I didn’t even need that money/buying power at that moment. It wasn’t like I was in desperate need for BP to buy something else. Nope just fucking did it for no apparent reason

imustbegthequestion

Puts on oil. Who's the sacrifice? $EXXONMOBIL, $BP, $CVX, $SHELL or @MUSCAT?

Happy-n-Healthy

I just got back from the Docs office, my wieght is down to 190 lbs and BP 130/80 \\../

wrestlingchampo

My case is that the longer that Diesel price remain elevated (And as the war persists, the longer diesel prices are projected to be elevated), the more trucking companies are looking at fuel alternatives, and batteries are just not there for long haul trucking. so it's not for short term anymore, because once a trucking company makes the switch to CNG, they're more likely now (thanks to the X15N engine) to continue to make those changes. Natural Gas prices have remained stable while diesel prices have been extremely volatile. CLNE is both a prospect for \~5x their value, or as an acquisition target by a larger company. They have JV's with TTE, BP, and a major deal with Amazon. In fact, one could make a strong argument that their warrant inducement deal with amazon is the primary reason that their stock price has remained suppressed. If the stock price reaches $11, that triggers the warrants from amazon, diluting the share base.

DyerNC

Too bad BP doesn't give a damn.  Oil is international.  

WeakEchoRegion

Sounds exactly like my friend when he was experiencing, what was later diagnosed as, a manic episode from BP1.

Full_Pear449

Level 3 assets are hard-to-value financial holdings that rely on unobservable inputs and internal pricing models because active public markets do not exist for them. For high-tech firms, these typically include private equity investments, proprietary startup shares, and complex contingent consideration or embedded derivatives from recent mergers and acquisitions. Notice one thing: Orcl is siitng around 200BP's they are a horse of a differnet color because of Paramount. META -80bps's, NVDA high 70's, GOOGL high 60's, AMZN low 60's and MSFT mid 60's . Tyupically High tech firms run between 40-60bps. so these numbers are not that scarrrrrrrry

Infinite-Exchange559

At 4k start what was BP needed to trade call/puts

The_Albertino

Damn right on the money chief. I didn’t have any BP to jump in though

Plane-Try-6522

I'm defending him as much as I think inflation is an issue. June CPI is down, June PPI is done - all a 2 months trend after the initial supply shock, albeit short. Consumer sentiment is softening, spending in certain segment has pulled back with earnings in certain consumer defensive showing pocket of weakness to reflect this. A 50BP hike would do nothing to dent hyperscalers spending but this would hit consumers; a 100BP will likely lead to a yield inversion to prompt a likely recession. Finally, Warsh's talking hawkish has approximately the same impact on the financial markets - he clearly made the point that monetary policy is restrictive in housing but less so in the financial markets. So, if equities, particularly growth stocks highly sensitive to rates, have pulled back why does one continue to insist that Warsh isn't doing his job?

jarMburger

Yeah I don’t know if IBKR will exercise for you though since you don’t have the BP to support the purchase. I guess you’ll find out in the morning

Unqqq

yeah actually thought they were OTM since at 4:02 ish they were under. didn't check exact closing price by the time I made this topic. But they were ITM at 3:59:59 PM ET. I already bought with my buying power shots to correlate if something happens in next 4-ish hours to market. But the 1.7M incoming execs are heavily gonna override that if QQQ goes to 650 but at least got some damage control with all the money I can afford with IBKR BP.

Unqqq

so by 4:00:00 close? not 4:15:00 or 5:30:00? to balance / BP yeah I really don't 🎯 Acc balance is like 20k. Now it sits at 25k. PP is like 150k due to IBKR pro. so I'm getting exercised by around 2 sets for buy 661 and now sitting at 666 which is around 100x5? and the rest gets trashed or getting full stack of 25? since my acc balance got way higher

Full_Pear449

Interestingly enough if Funds are going to be raised 25BP it will have to be in the SEPT.meeting. The Fed doesnot have ameeting in the same month that there is a New 10yr and not a reopen. So that will make for no August meeting and October could be perceived as an attempt to influence the coming elections. By their no Action today they actually achieved a raise. 10's touched 4.696% today and are now 4.683% up 6bps.

Full_Pear449

Interestingly enough if Funds are going to be raised 25BP it will have to be in the SEPT.meeting. The Fed doesnot have ameeting in the same month that there is a New 10yr and not a reopen. So that will make for no August meeting and October could be perceived as an attempt to influence the coming elections. By their no Action today they actually achieved a raise. 10's touched 4.696% today and are now 4.683% up 6bps.

Full_Pear449

Interestingly enough if Funds are going to be raised 25BP it will have to be in the SEPT.meeting. The Fed doesnot have ameeting in the same month that there is a New 10yr and not a reopen. So that will make for no August meeting and October could be perceived as an attempt to influence the coming elections. By their no Action today they actually achieved a raise. 10's touched 4.696% today and are now 4.683% up 6bps.

Full_Pear449

Interestingly enough if Funds are going to be raised 25BP it will have to be in the SEPT.meeting. The Fed doesnot have ameeting in the same month that there is a New 10yr and not a reopen. So that will make for no August meeting and October could be perceived as an attempt to influence the coming elections. By their no Action today they actually achieved a raise. 10's touched 4.696% today and are now 4.683% up 6bps.

jarMburger

QQQ ended the day at 661.73 so it’s ITM by 4pm ET, market close time. The broker could auto exercise it. Do you have $1.7mil in BP? If you do, then most likely it did l exercise.

0201037464793921170

Holy fuck, if this misery is how the market behaves with the PRICED-IN RATE HOLD, what would have happen with a .25BP HIKE?

Full_Pear449

And 10yr up 6.2BP's essentially the same as a raise in Funds

teh_herper

# 50 BP rate cut incoming, 🥭 sends his regards

Historical-Half-5377

Just sold 100 shares of MU at a loss (still holding 100 shares) and instantly felt my BP drop, GL memory bulls I’m rooting for ya

Aeroheadss

Ah yes that definitely works. **Leading Companies by Market Capitalization (2006)** **ExxonMobil**: Ranked as the most valuable company in the world driven by surging oil prices. **General Electric**: A massive industrial and financial powerhouse. **Citigroup**: A leading global banking giant prior to the 2008 financial crisis. **Microsoft**: The lone dominant technology firm near the very top of the market. **Bank of America**: A primary pillar of the American banking sector. **Total S.A.**: The major French multinational energy corporation. **Royal Dutch Shell**: The Anglo-Dutch oil and gas major. **BP**: The British multinational oil and gas company. **Pfizer**: The leading global pharmaceutical corporation. **Wal-Mart Stores**: The world’s largest retail enterprise at the time. An investment of $1,000,000 in Vanguard Total Stock Market ETF (VTI) in January 2006 would have grown to approximately **$5,700,000 to $5,900,000** by mid-2026. In stark contrast, splitting that same $1,000,000 equally ($100,000 each) across the top ten U.S. giants of 2006 and freezing it would have grown to roughly **$3,200,000 to $3,500,000**. \[[1](https://www.reddit.com/r/stocks/comments/g7lm86/big_3_investing_has_beaten_the_sp_500_the_past_25/), [2](https://totalrealreturns.com/n/VTI)\]

papakong88

A 100-point wide IC will bring in 1.00 to 2.00 with required BP of 10K. A strangle of the same delta will bring in 10 but the BP required is 300K at Schwab. To put it into proper perspective, NDX is about 40 times larger than QQQ. One can achieve the same results with 2 or 3 point wide QQQ ICs.

NerdSlamPo

GOOG up. Everyone cut it out overnight, I have no overnight BP right now

papakong88

The 25HTE junks were discovered by accident recently. The BP is from new money. The reserved BP is still used to sell 0DTE junk. Selling far OTM options is difficult because of lack of buyers. I usually determine a range of strikes to work on - from 3X to an acceptable premium. The acceptable premium is 0.80 for the PS and 0.20 for the CS. Then I place my first order to sell PS for 0.80 and adjust the price and strike if there is no fill. One day I had a hard time selling and decided to go the other way and discover junk. If it becomes a problem the next day, I will just make adjustments. The basic plan is to spread the risk.

AVGunner

When did you incorporate 25 HTE junks? Aren't the junks meant to be your reserve BP so holding ot overnight adds extra risk?

papakong88

Say you have 100 shares of AMZN worth 23200. At Schwab you will have 16240 in buying power (BP) that can be used as collateral to sell any options if you have the proper approval level. Mag 10 (MGTN) is an index that consists of the Mag 7 companies plus 3 more. (AMZN is one of the Mag 7). You can sell AMZN covered calls. Your shares can be called away. Or you can sell a MGTN call. The collateral needed is 14 K which is covered by the 16K BP of AMZN. Your AMZN cannot be called away. If the MGTN call is in the money, you will settle in cash by the amount ITM x 100. 

zerg_001

You can make it all back OP. Don't quit with $900 BP

WherePoetryGoesToDie

My second link also says: "Buying power decreases when you open positions, but it increases when you close positions. So, you can recycle capital throughout the trading day to open new trades." That specific part you quoted is about increasing (or decreasing) BP for the trading day. Every day, you have a set amount of DTBP based on non-margin cash availability. That amount does not necessarily change accounting for intraday losses/gains (or could, depending on the broker). So if you start the day with $120k DTBP, you'll have $120k you can deploy in total all day long. If you gain $20k in a trade, you won't suddenly have $200k in DTBP (in most cases). You'll have to wait until the next market day. Like, in the bit you quoted, pay attention to the "large deposits or sales during the trading day" part, and reconcile that with the "So, you can recycle capital throughout the trading day to open new trades" part.

WherePoetryGoesToDie

Maybe robinhood is special because they know they're dealing with inexperienced traders and want to limit risk. Most other brokerages will instantly release your BP when you close a same-day trade. [Day Trading Buying Power Explained](https://www.goatfundedtrader.com/blog/what-is-day-trading-buying-power), ctrl-F "How is DTBP usage monitored"

Sea_Local2557

sell SOXX call spread on a green day or buy a buy spread if you have balls and enough BP, just short call it lol though i guess that would create a bull market i personally am shorting SOXX and long DRAM, memory shortages seem to stay for a few years more and they are moving to long-term contracts while the chip designer play is too crowded

Sea_Local2557

ah, didn't read that selling straddles when realized IV is higher than implied IV on high beta names? what could wrong though if the market just whipsaws he will make good money but it seems like margin calls are going to wipeout the meme stocks so short calls are actually okay if OP has the BP to cushion wild swings

papakong88

You don’t need more BP. You need to use what you have smarter. You said you sold July 17 SNDK 1000 put for 1.00. Delta is very low at 0.01. The BP at Schwab for this trade is 30K which is very high. A smarter way to use your BP is to sell spreads. You can sell 2 100 point wide put spreads to get a total of 1.00. Delta of the short strike is equal to or less than the delta of the naked put.  The BP required for the 2 put spreads is 20 K and will not change. The 30K BP required for the naked put can increase if the price of SNDK drops. Don’t rush out to get more BP. Use what you have smarter. Someday you will thank me. You can donate to your charity. 

bradley-g2

Thank you. On 6/5, the market closed 2.6% below 6/4 close. If I had had 20 narrow spreads, they would all have taken max loss. The danger is that if you used all your BP to sell those 10- or 50-wide spreads, it would have been difficult to roll out and down in a situation like that. You probably would have had to widen those spreads to get any sort of credit, and you can't widen if you don't have BP. On Monday 6/8 it only recovered 0.4%ish, although it had a high of 0.8% above 6/4 close.

Sea_Local2557

interesting it affects BP, in European ibkr account BP affect is calculated as-if the short options get assigned, it makes life much less stressful unless you sell calls and your stock is sky rocketing

No_Economist3815

BP is buying power retard 🤣 I use real money

No_Economist3815

Guys. Need to turn $10K in BP into a 10 bagger. Thoughts?

rinkyjink

Yo fellow sellas holder. SLS is my largest position. Well over half of my portfolio now. I looked into Ganx few months ago and was intrigued, dropped in some and down 30% since then. I unable to tell it GluSph scores are that big of a deal. Also how would you play it? Is it worth protecting the remaining amount from liquidation or should I continue holding it? My main thesis at the time of entering was similar to what you say. TAM is large and BP should step in. But its been a while since then. And the endpoints are not particularly well defined. How would you play this out?

GatorBo69

It’s all individual stocks, over 200+ stocks so that way there’s no expense ratio (since I’m obvs paying them, lol) I’m pretty impressed with their choices but have to admit I would NEVER have picked what they have.. They obvs have strong positions in the Mag7 stocks, but also BP, Amex, Lilly, ASML, CAT, Coca Cola, Citi, I mean I could go on.. Stocks from S&P, Dow, Nasdaq and spread fairly evenly across recognizable names, but they change their positions based on the market and trends… My portfolio isn’t heavy in any one sector, which I actually like, but I can’t deny the performance is astounding. Surprisingly I have no positions in RKLB or SpaceX as of now, but I did start my own brokerage account that only has like $115k in it where I try to “beat Fisher” but have never been able to come close. I basically follow the standard playbook that most people use: 50% VTI, 30% VXUS, 20% VOO, but I recently opened a $40k position in FSELX at the beginning of the year that has been performing amazingly, especially since I opened it in the middle of March, lol. I try to always have $100k in liquid cash in my HYSA so I can jump into a position during a market downturn. Trump made a pattern in his first term that I have been able to benefit greatly from, last year when he announced the tariffs I threw all of my $100k over to Fisher, and then this year when I saw he was getting ready to do the same thing in late January with the Iraq war I asked Fisher to exit my positions, gave them $60k and asked them to wait until March to reinvest, and that’s when I used the other $40k to open my own holding in FSELX.. But I’m not ballsy enough to do what you did!! And I gotta say, it will most def pay off, bc we have never had a President that has manipulated the market more, and I absolutely love it, lol

Impressive_Fly_4339

Yeah im buying the fuck out of BP right now

pistachiopias

Oof. Regular DRAM swings already give me heartburn. I'm sure your BP has gone up a few points this past week.

Express_Ad_7726

I’ll bite at 100 BP over us treasury for 10 years, hard pass. I’ll catch it on the discount beyoootttccchhh

papakong88

Assuming your broker has a minimum equity requirement of 5K. You want to buy a credit spread. The BP required is 100% of the cost. You must buy to open and sell to close the spread as a spread. You cannot leg in or trade one leg at a time because you do not have the approval to sell naked options. For example, if you want to buy a XYZ 100/95 put spread for 1.00. It will cost 100 and your BP will decrease by 100. From this point on, your BP will not decrease further due to this put spread but can be increased if the PS increases in value.  A problem can arise if XYZ is between 95 and 100 at expiration. Your 100 put will be exercised and your 95 put is worthless. The exercise will require you to sell 100 shares. If you do not have the shares, most brokers will liquidate your 100 put before expiration which may get you up to 5. Your BP will increase. You can also sell to close the put spread yourself. You should not have any problems with BP trading debit spreads

Ok-Yam-6616

I may end up with limited margin if everything else fails. But for the time being I'd like to know how spreads affect buying power for day trades. For a single long leg it's simple: each round trip goes to the unsettled pool reducing available BP.  But how does it work for spreads if one leg is long and another one is short?

No_Economist3815

Guys, I got $8K in BP ready for Monday. What's the play? I need min 20 bagger. Thanks!

Dom52275

If we have a full-blown war in the Middle East? I would buy cop, xom, BP, chevron. Nasdaq drops 25% I would keep it simple chip manufacturers and Microsoft Google Amazon meta

papakong88

You must have a margin account to trade spreads - debit or credit. Change your IRA to a limited margin account if your broker allows it. Trades are settled on T+1 day. You said you want to trade debit spreads, i.e., you will pay the net debit. If you buy to open, your BP will be reduced by the net debit on T+0 day. If you sell to close, your BP will be increased by the proceeds on T+0 day. If you buy and sell on the same day, your BP will be changed by the net amount. At any time, your account should show you how much available BP you have. At any time, you must maintain a minimum balance in a limited margin account. Do the math and you will be ok.

TreeofLibertyFood

BP, just offer $40B for my baby now, you don’t need to see the trial data, sillies.

-sakuranbo

If you're not approved for spreads at Schwab, they limit your option buying power to exactly what you can afford if you get assigned. They count cash, money market funds, and treasury bills. Bond ETFs don't count for options BP they do count for margin BP. It's when you're approved for spreads (or selling naked options) that you can get scenarios like OP's.

BrakeJobsInBoston

2 ways to look at all this. Everything AI related cooling off after insane runs. Or, start of a no-reason market crash. No bad news. Everything slow dripping -5-10% daily. End of June. My lil $9k account went from 80% cash to $250 BP about a month and a half ago. +$1,500’ish a few days ago to +$250 as of today. I panic sold earlier this year when the same swing happened….would’ve been way up if I just held through the noise. Holding everything now and sleeping like a baby. TL;DR - Babies are regarded. Might ragret holding, but doing it anyway.

JSP9686

Dividends stocks at your age, e.g. Verizon(VZ), BP(BP), Enbridge(ENB), steady income from dividends that are taxed lower than ordinary income and may not be taxed at all depending on other income.

Electrical-Excuse564

Sell before my heart actually needs to BP meds my Dr. gave me

jetsetninjacat

Yeah, crossed the border once to get a beer at the beer store they didn't sell here. It was under the limits and neighbor BP cared when I told them why I was going and what I had when I got back like an hour later.

Nickel4me

I was driving the other day to a relatives house on Father’s Day. I COULD NOT believe how many cars were on the road. I recall 30yrs ago driving in the car with my parents during those times…so many more cars on the road now! Anyway, I bought $100K worth of Goodyear Tire (GT) on 6/19, leap calls…I cannot even recall expiry as I was too focused on how many cars with 4 wheels were on the road. Also threw in another $40 large on BP because so many cars are still ICE. Lol

-Authorised-

\# HMR reply to Uber analogy comment Appreciate the comment, but this is attacking the analogy literally instead of addressing the actual business model. \## The Uber comparison Nobody is saying tanker shipping is identical to ride-hailing. The point of the analogy is simple: HMR is an \*\*asset-light platform\*\* that earns fees without owning the underlying vessels, just as Uber built a platform without owning the underlying cars. That is the comparison. \- HMR owns zero ships. \- It earns percentage fees on gross voyage revenue. \- It scales by adding managed vessels, not by loading its own balance sheet with steel. \- It avoids the capex, asset risk, and NAV constraints that tanker owners face. So no, it is not “Uber because ships work like taxis.” It is “Uber” in the sense that it is a fee-based coordinator/manager layered on top of third-party assets. \## “Shipping only works if full” misses the point That argument would matter more if HMR were the one owning and operating vessels directly. It is not. Heidmar is not taking balance-sheet exposure on whether a ship is “full” in the same way an owner/operator would. It earns commercial management and pooling fees across voyages and fleets. The point is not that shipping suddenly behaves like personal transport. The point is that HMR monetizes activity \*\*without owning the fleet itself\*\*. That distinction is the entire thesis, and it is why comparing it to ship-owning peers on book value or NAV is the wrong framework. \## “It does not make money in any rate environment” This is another straw man. Nobody serious is saying recessions do not matter or that trade wars are bullish in all circumstances. The actual point is that HMR’s model is \*\*less exposed\*\* than ship owners to any single freight-rate scenario because it earns fees on voyage value and commercial management activity rather than relying on owning steel and financing it with debt. It can benefit in volatile rate environments, but the business is not solely a Hormuz trade and not solely dependent on one spike in rates. That is exactly why the turnaround matters: Q1 already showed that the operating business can produce positive earnings and cash generation before the market has fully repriced it. \## The EPS point The EPS criticism is mostly semantics. If actual EPS was $0.06 and the estimate was $0.01, the surprise is commonly framed by different sites in different ways. Saying “1,076%” depends on using the lowest estimate source; saying “500%” uses the $0.01 number directly. Either way, the real takeaway is the same: \- Q1 beat expectations materially. \- The company flipped to GAAP profitability. \- The cash balance grew. \- The business looked stronger, not weaker, after the quarter. So if the counterargument is “it was only a massive beat, not an absurd beat,” that does not really damage the thesis. \## “Pump-and-dump zone” Calling every $66M microcap a pump-and-dump is not analysis. This is a 40-year operating business with institutional counterparties like Shell, BP, Chevron, Vitol, Trafigura, Saudi Aramco, and Glencore. It is now public through a reverse-merger route, yes, but that is very different from a zero-revenue shell being promoted on social media. There is a difference between a risky microcap and a fraudulent one. HMR clearly belongs in the first category, not automatically the second. \## Risk vs reward Yes, this is a risky stock. That part is obvious. But the bear case has to confront the actual current facts: \- zero long-term commercial debt, \- a large cash position, \- improving earnings, \- strong gross margins on the operating business, \- a tiny float, \- and a CEO with major ownership who has been buying shares. Those are not “pump-and-dump” characteristics. Those are the ingredients of a genuine microcap rerating story, whether someone likes the analogy or not. \## Bottom line If someone dislikes the phrase “Uber of shipping,” fine — call it an asset-light tanker commercial management platform instead. The investment case does not live or die on the metaphor. It lives or dies on whether the company can keep compounding earnings, scale the managed fleet, preserve balance-sheet strength, and close the valuation gap. So far, the numbers are moving in the right direction.

-Authorised-

\# HMR rebuttal reply Appreciate the effort, but most of this is built on stale numbers and misunderstandings of the actual structure. \## 1) Delisting risk Yes, HMR got a notice when it traded under $1 for 30+ days. That’s public and already discussed in prior posts. The point being missed is that the company now sits with $27.6M cash, zero debt, and positive earnings, and has already shown it can get back over the $1 line and maintain it. The notice is a mechanical listing rule, not a verdict on the business. A tight float, insider buying, and improving fundamentals are exactly the kind of setup that can help resolve compliance issues in the company’s favor. Calling this the “major alert” while ignoring the actual balance sheet is backwards. \## 2) Cash vs market cap The argument mixes periods and share counts. \- It uses end-2025 cash of about $18.6M and an older share count of about 96.4M to argue cash is only around 22% of market cap. \- Post-Q1 2026, cash is about $27.6M, market cap is roughly $68M, and the relevant current share count is lower than the stale 96M figure being quoted. On updated numbers, cash is close to half the market cap, not 22%. That is the point: once cash is stripped out, the operating business is being valued very cheaply despite positive earnings and growth. \## 3) Earnings beat and legacy data The “450% beat is misleading” argument also blends legacy periods with the current business. \- Q1 2026 EPS of $0.06 versus tiny estimates across platforms still represents a major beat whichever provider is used. \- The “41% decline over 5 years” framing is not useful here because it drags in pre-Heidmar and MGO-era figures that do not describe the current operating setup. The turnaround thesis is specifically that legacy drag has rolled off and the current engine is now visible. Q1 showed 217% year-over-year revenue growth and positive GAAP profit. \## 4) Dilution claim The BRPC II line exists, but existence is not the same as material usage. \- Actual issuance under it to date has been tiny. \- The company is now operationally profitable with growing cash, so it does not need to rely on the facility the way a distressed micro-cap typically would. Calling that “continuous dilution” is inaccurate. It is a financing option that has barely been used. \## 5) Business model Heidmar: \- Owns zero ships. \- Runs a commercial management and pooling platform. \- Earns percentage fees on gross voyage revenue. \- Uses eFleetWatch, a long-built proprietary operating and data platform. That is exactly why the “Uber of shipping” analogy exists: it refers to the asset-light model and capital efficiency, not to a consumer app. Saying it is not scalable ignores that additional vessels can expand fee revenue without loading the balance sheet with ship ownership risk. \## 6) Post-SPAC label This is not a pre-revenue story being kept alive by promotion. It is a 40-year operating business with major industry clients such as Shell, BP, Chevron, Vitol, Trafigura, Saudi Aramco, and Glencore, now trading publicly through a reverse-merger route. Calling it a generic “post-SPAC micro-cap under pressure” skips over the institutional relationships and operating history that actually underpin the business. \## 7) CEO buying, debt, and technical support The comment says it could not find confirmation of CEO buying, zero debt, and triple support. Those points are all based on public disclosures and market structure: \- CEO ownership is about 45%, alongside multiple disclosed open-market purchases. \- Long-term commercial debt is effectively zero. \- The chart setup is centered around the 200-day moving average, the Nasdaq $1 compliance line, and the $1 round-number level. If someone cannot find those, that is a due-diligence issue, not proof the facts do not exist. \## 8) Core disagreement Yes, this is a risky micro-cap. That part is obvious. The disagreement is about what matters more: \- current positive earnings, \- high margins, \- zero debt, \- a large cash position, \- a tight float, \- and high insider alignment, versus \- a temporary Nasdaq notice, \- and a financing line that has barely been used. That is why the risk-reward argument still exists. If the claim is that HMR is not undervalued, then the case needs to be made using current cash, current earnings, and the current business model, not stale blended figures from the wrong denominator.

Cardiologist_Actual

I’m broke and poor. Just lost my job. Lost my last bit of savings in $BP thinking oil would rise. God I’m retarded. Hope this is the end for me

ZeroSumTruths

Breaking: Walsh cut rate by 2BP to celebrate beating Iran

Sawyer_Anderson

Yeah i'm selling puts at 913DTE for about a ROI of 17.7% on the BP when i reinvest the credit worse case i get assigned shares at the 50-75$ strike price That said good luck hoes this shit gonna dump when insiders can sell and i wouldnt want to be holding that bag.

sport912x

Most of the people replying , have no clue of what selling Naked means. They just have 10-15k and sell 1 put as CSP. So how what % of your total BP do you use when Selling Puts, and do you ever take assignment or just roll or take a loss. Also of the 200k how much BP does that get you ... 50% or 80%.

takashi-kovak

Thanks for sharing. This is my strategy as well, in addition to a few others (0dte, swing, etc). I recommend to move to portfolio margin if your broker allows it. It will completely change how you trade as the BP is mostly based on portfolio risk than specific stock or ETF

BigCamp8238

I think it’s distracting people from the bigger story. At today’s price, VG is roughly a \~$31B market cap company guiding to $8.2B-$8.5B of 2026 EBITDA. That’s before Plaquemines reaches full COD, before CP2 contributes meaningfully, and before CP3 even enters the picture. Over the next few years, the company is targeting capacity growth from roughly \~25 MTPA today to 68.6 MTPA by 2028 (CP1 + Plaquemines + CP2) and potentially \~103.6 MTPA by 2032 with CP3. That’s not a small incremental growth story—it’s one of the largest LNG buildouts globally. The real variables aren’t the share count. They’re Plaquemines hitting Q4 2026 COD, BP arbitration, CP2 execution, and debt management. If BP ultimately settles closer to the $1.5B-$2B range rather than worst-case headlines, that’s manageable against an $8.5B EBITDA run rate. At current guidance, leverage has already compressed from roughly 6.8x to around 4.4x. By the end of 2027, management expects to have 46.7 MTPA under long-term take-or-pay contracts representing roughly $10.94B of annual contracted revenue before assigning value to CP3, spot optionality, or the remaining 4.5 MTPA of uncontracted CP2 capacity that is now being marketed at higher post-crisis pricing. What makes VG different from Cheniere is that it isn’t just a toll-road model. In 2026, roughly 16% of volumes are exposed to spot pricing through the Plaquemines commissioning window, and longer term CP2’s Waha sourcing strategy could create an estimated \~$1.95B annual feedstock advantage versus traditional Henry Hub sourcing if management executes. On the lockup point, more shares becoming tradeable may create volatility, but it doesn’t change the economics of the business. The market already knows there are \~2.46B shares outstanding. What matters is whether those shares represent a company generating $8.5B of EBITDA or one generating $14B-$18B+ EBITDA several years from now. To me, the thesis has always been simple: if Plaquemines reaches COD, BP becomes a manageable financial event rather than a balance-sheet event, CP2 comes online on schedule, and LNG demand continues shifting toward secure U.S. Gulf Coast supply, then the discussion won’t be about the share count. It’ll be about whether the market is properly valuing a company that could control \~11.6% of global LNG capacity by 2028 and \~15.2% by 2032. That’s the part I think many people are missing.

Frank_Skabopple

Call your broker and counter trade the stock and then exercise. Or if you have the permissions and BP just do it yourself. Sell short, exercise

Efferdent_FTW

Shorts available dropped from 53k to 15k. Shorts were suppressing at ~$9 level. I'm guessing to keep $10 otm and reduce delta hedging. May 15-31st FTD numbers are released Monday. Today's FINRA numbers aren't released yet on fintel. T+35 thesis isn't holding. IBKR showed 22k volume at market open which could be FTD coverage but that's 14k short of the May 8th FTD 34k if T+35 was true. Likely that shorts were rolled over off-exchange which would clear them from FTD requirement, but just deepens the cut for them. Monday dividend is $177k which equates to one day of borrow rate interest. The long thesis still holds. We need a catalyst early next week to trigger a delta hedge amplified by gamma squeeze. My June 18th options are raising my BP.

No_Economist3815

What the hell we suppose to do with this? Jc. I have BP to lose. 

ThisIsStryx

Just wanna say thanks again for your dedication to providing real insight to us newbies, as today's chop is playing out I can definitely see how it's probably not in my best interest to try and hold contracts any longer than 10mins, probably not even 5. Trying to rude out the trend isn't my default play per se, plenty of times I do opt to crank in my stop, I'll now have to gather the data on my R:R and winrate to make further adjustments to my holding time I think. Even since that first post, I've refined the approach more and you're right on the ball with how I ought to tackle these ATM plays. Taking the trade to zero risk comes down to if I can time my entry for right as the contract approaches and goes ITM (regardless of price action, an entry between two strikes is much shakier of a trade for me), and then gives me a tick of delta for staying power. I am rocking a small account, so I do end up throwing around a significant percentage of my BP with each entry, though this is manageable with a strict stop (probably 10%, 5% seems too low considering the delta-neutral volatility). More or less rinse and repeat at that point, and learn how to really manage those stops, right? This seems to me as a pretty high-probability, low-risk setup, but maybe isn't as profitable as smarter strategies. Bit of a tangent, but I'm getting tired of market buys, at least in the interim where my execution suite/setup isn't fully streamlined. Is there a way to mental math what an option's price is at a certain level, or is the calculation too time-bound for that? We can assume that we're shooting for a near-term entry (kill if not filled in 5 minutes i suppose), does that at least reign it in within a probable range? Sorry to pester with questions lol

Pordia-

After sending me some BP🙏

closehaul

I made a shit ton of money on BP after their spill. Same thing. I’m not saying there aren’t underlying gradual macroeconomic changes, but the strait closing is not a permanent condition.

Golden_Hour1

Just call BP i hear they're experts in oil spills

MrFyxet99

Cost? They cost 4 dollars. And an initial BP of 5k

sport912x

Why are you even talking about assignment. If the stock fell to 270 tomorrow there would be too much extrinsic value for it to be assigned, and if it were you would make 2k. Do not like leaps , but if your plan is to close out after 60 days then I can see that , but that would require a nice rise in Googl. That said I think you are up $100, me I would have closed. You are tying up 6k BP so not much, like 8k in Sgov earning interest.

Tirikemen

Hard to go wrong with a supermajor, unless its BP lol. Some of the larger Permian pure-plays like PR or DVN are also worth looking at. Short-term, anything can happen. Once an agreement is actually reached, there will almost certainly be a temporary spike down on the news. Longer term is a different story. The thing is, at this point inventory levels (commercial and strategic) matter almost as much as the strait does. Inventory is so low, and getting lower, that Brent is probably going to average over $100/bbl all the way through 2027. WTI usually has a \~$5-10 discount to Brent, so you can do the math on that. And that assumes a deal by the end of June. Add $10-15 to the average for every month it takes past that. Also, it will take months to normalize flows through the strait even after it does open. Even if it begins to open by end of the month, good chance flows only reach 80% of pre-war levels by early next year. Probably want to avoid natural gas-heavy names though. As oil activity picks up in the Permian, so will associated gas production (that is gas that is produced incidental to oil). That will push Henry Hub down.

LarryStink

Futures/index > etf on just about every metric. Only thing spy has over ES is you save about a few penny on fills. But the tax savings, ability to manage overnight, trade options overnight, Sundays, and span margin allowing you to hedge by  buying/selling futures against the options with minimal to no additional BP requirements make them a superior product. Beginners trade spy intermediate trade spx and pros trade ES. I Don't make the rules.

papakong88

I place the PS and CS orders separately because it is easier to make adjustments. This will require 2 X BP. However, when the orders are complete, the system will pair them as an IC and release 1 BP. 

bking

I normally don’t fuck with fossil fuel companies, but I bought a bunch of BP when the Deepwater Horizon spilled in 2010 and people started panic-selling. Sold when it bounced back. Easy money.

papakong88

These are the BP required at Schwab. Your broker may have higher requirements but not lower because Schwab has the minimum required by the Exchange. The 440 put requires 8800 now. The requirement for the 440 when MU drops to 440, i.e., the 440 becomes ATM, is estimated from the requirement for the ATM 860 put, which is 21,450. >If the price falls to 440, then wouldn't the collateral requirement at that point be 440\*.2 + option premium, so $8800 in addition to the option premium received? It’s not the premium received but the price of the option. For Dec 18, the ATM put is 200. For the nearer expiration of Jun 26, the ATM put is 85. Assuming these are the ATM 440 price it will add about 8500 to 20 K to the 8800 or a BP of 17300 to 28800. 

subieganggang

Watch there be no rate hike. And even if there is a 25BP hike, today’s recline is an overreaction, just like the last week of may was overbuying to ATH after ATH. Correction was inevitable.

Splittinghairs7

That totally depends on what the franchisee agreement states. But regardless, I just confirmed that gas stations using brand names like Shell, BP, Exxon, Chevron etc are mostly franchisees. Then there are other independent gas stations or chain gas stations that purchase gas from the retailers or producers.

imustbegthequestion

BP. Total. Enid. Print.

Jagged_Tide

Catastrophic oil dump any moment now, this shit will make BP look like an environmentally friendly company 

LeeS121

I’ll jump in here for a moment… yes, the debt is high (last I looked seems like it was @35-37B) but Cheniere I believe is pushing @28+B but both are covered with long term contracts… Cheniere has more long term contracts (20 yrs) than VG but VG is pretty flush with 20yrs and been jumping on some 5 yrs as well. My biggest concern (actually not much of a concern today as it was when I first put money into VG) are the arbitration cases… VG played with fire and dragged their feet when commissioning CP (1st site) and was selling on the spot market and not fulfilling contracts… whether it was legit or not VG took a hit to their reputation. It’s late and I’m tired so I’m not digging up all of the exacts but there are still 3 remaining. BP won it ruling over “failure to deliver in a timely manner” and the damages will be awarded sometime in 2027 and from what I’ve read, $3B+\-… I believe BP is looking for $6-8B. This was the first this modular system has ever been designed/built and yes, COVID did delay commissioning and the first of a kind so “I” am hopeful that it will come in at less than $3B. $6-8B won’t kill the company but it would sting a bit. The other 2 cases should be settled and the sooner the better! To me, BP is the biggest headwind… that and this fricken conflict in the ME!!! It’s been one big fricken roller coaster ride for VG!!! Getting CP2 pumping gas will be huge… VG is spending the money to receive gas off the Waha (West Texas oil fields/Permian) where the gas is very cheap… it can even go negative but right now, for 2026 Waha gas has averaged @2.35 MMBtu’s where as the Henry Hub has averaged @$3.30 for all of 2026. CP2 will have the capability to pull gas from either Waha or HH… whichever is cheaper. VG has installed $$$ a high efficiency scrubber to remove the nitrogen to have the ability to run Waha gas. This on again off again conflict has been whipsawing the share price… so much so that currently, there is no real stability in the price. Q4, good earnings with a double beat but seems to have been lost with the dust up in the ME 2 days earlier. Q1 was a double beat but was a day before or after (don’t remember) the conflict was supposedly over… followed by rinse and repeat!!! Fricken maddening!!! So I don’t much care about the SP today… Q2 should be a huge quarter but my sights are set on Q3… gas will remain elevated and will come down some once the SoH is officially open as before the war without any fees but Q3 should be really positive regarding CP2 and how soon (if not already) will they be pumping. There’s no telling what the SP will be tomorrow; kind of depends if someone feels like the market needs a pump!!! I’m happy where I’m at so I’ll stick around for 3-5 yrs as long as the financials remain stable. Currently, I own 16+k shares and wanting 20k… my price is 9.90 and I’ve been invested for over a year just so you know the skin I have in VG. I drove down to Louisiana (from NC) just to see for myself what was going on… saw all 3 sites and came away quite impressed. They are going like gang busters on CP2 and the locals that I spoke with said good things about VG’ although the oyster farmers are a bit pissed off over a dredging mishap… ! Anyway, maybe you’ve already made a decision one way or another… either way, wish you the best!

realjohnkeys

What's your opinion of CVX? Seems like theyre primed to win when Venezuela gets pumping like the 90s. They already have active infrastructure in the region, Shell, BP or Exxon would likely have to rebuild completely.

Less_Gap_7507

You're thinking about the buying power deduction on the short put trade, not an actual loan. You have the $10.4k cash, but your account equity is what determines your buying power. Selling cash-secured puts requires full collateral, so after the premium, you'd need about $9600 in available BP to secure the put, tied up until expiration or close. That's a BP reduction. If you're assigned, you'd then need to pay for the shares. That purchase creates a margin 'debit balance' only if you don't have the cash and the broker fronts it. Margin interest doesn't get charged on the secured BP, only on the debit balance when you actually borrow. For consistent income strategies like cash-secured puts, some services like PutYield send weekly setups for ES puts.

Abe2025

I cant buy in right now i have insufficient BP :( Fck this would have been a good entry point now

Sunkettle

I'm really bad at selling my options lmao. Had 20BP $41 6/18 puts. Sold them yesterday, could've been up bigly today

CumomEileen

Bought BP because why should the company be worth 5% less just bc the chairman is a bully or a perv or whatever 

Tirikemen

BP keeps fucking up its executive hires. Manifold didn't even last a year. Auchincloss didn't last two. Looney lasted three but he got outright fired like Manifold just did. O'Neill should be good at least. Although if she has skeletons, apparently they will be found within the next two years.

Sunkettle

Anyone else bought BP puts? 🤔

Sunkettle

Shorting BP? 🤔

selesnyaTroll

>Oil giant BP has removed its chairman Albert Manifold over "serious concerns" related to "important governance standards, oversight, and conduct". If there's one constant in the oil world, it's BP kicking itself in the nuts once every couple months.

Ok-Yam-6616

It is either/or situation. Either buy 200 shares and use the full margin or sell 2 puts and use full margin less premium when assigned.  The only part I was not sure of was the interest on the balance that broker subtracts from the buying power. The consensus is that BP reduction is not a subject to margin interest. 

papakong88

The trader has 10K in cash, buys 200 XYZ for 20K. He now has a margin loan of 10K. Assume the maintenance margin is 30% for XYZ, so XYZ will have 14 K in buying power (BP). But he has a loan of 10 K, so the account will have a net BP of 4K. Assume he is approved to sell naked puts. Each 100 put will require around 1.5K in BP, so he can sell 2 puts. (Brokers may require more or less BP.) Therefore, he has enough BP to sell the puts but he does not have the BP to meet an assignment. (His broker may liquidate his puts on expiration day if they may expire ITM.) The premium from the put may reduce his loan (again depends on the broker.)

ilovenoodles06

Ah thank u! So does that mean in the USA u can only open position up to your BP limit? Since u cannot take any margin loan? Wondering about this because of the famous robinhood case where someone leveraged their account like crazy and lost tons of money. Im based in Singapore so my platform takes my cash as collateral from the way i understand my platform

ilovenoodles06

Someone can correct me but afaik, you will use margin when opening a short position. E.g. if you sell 2 xyz puts contracts at strike price of 100, u will need margin to cover these contracts (i.e. 2 x 100 x 100 = $20,000). So ur borrowed margin in this case is $10k ($20k - $10k cash). But usually this margin borrowed is only at risk of liquidation when its near 0dte or DITM. I.e. u fked up. So ur BP is generally not affected if the DTE is far out but as u get closer to expiry, it will be affected. Honestly, its best to check with ur broker on how the BP and margin requirement is calculated

Ok-Clerk393

Genuine question. What do you do? That’s $400K remote in Europe? That makes no sense to me if you’re not lying. I work at a boutique and have friends in tech. The only people I know that make that much money (and are gen-z) are guys that do AI hardware ($1M+ once you count stock — my friend who does this tells me he’s one of like 5 people in the world authorized to work for US companies that have his skill), sales for Databricks or Anthropic, or you own a business. You’re none of those. You’re a business guy probably on your late 20s. Derivatives trader at BP? You claim to not be back office, but you also claimed to be remote. What fucking role is this if you’re being fr.

G-IDIOTTHEMAN

Three day weekend, best time to unwind and lower BP.

McNoKnows

For starters cash-settled futures are more open to manipulation, because you don’t actually have to take delivery of the underlying good, so immediately it opens up the ability to manipulate the index price without physical consequence. Then you build in the fact that the supply and demand in the market is essentially controlled by a very small number of meaningfully large players - so they have full control over the price. Even one of the more concentrated futures markets, Oil, still has far more suppliers, and competition between nations on the demand side, and a shitload of regulation, even if there’s some still some fairly influential corporations within that market. Then on top on top of that, you build in that these are not long-standing, well-established, reputable companies that are controlling this market. Even if you believe Shell and BP are evil, they’re still for the most part extremely cautious and compliant. The top AI and compute players have all kinds of scandals and opaqueness and questionable accounting tied to them. You bet if someone like Elon with de facto presidential immunity has an opportunity to manipulate a market to his benefit then he will. Combine those things and it seems like a recipe for big companies to take some donations from unsuspecting retail investors. Oh and also no doubt Jane Street will find a way to ~~insider trade~~ use their highly sophisticated trading approach to make huge profits on it

scotty9090

I rob liquor stores and gas stations whenever I need to replenish my BP.