BP

Blyadhole

In 2010 environmentalists lost their shit because of the BP oil spill. Nowadays we have an oil spill like every week.

Shinjukin

XOM is too big to move with spot prices imho, they're too diversified into other areas like refining and chemicals, same as BP, Shell, Chevron etc If we look back at 2022 it's the small -mid companies with high debt that translate best with oil/gas prices and it takes about 3 months for the higher spot prices to be fully intergrated into the stock prices.

papakong88

The orders are separate so I can make changes easily. Note that 1 IC order requires 1 BP while separate CS and PS orders placed at the same time will require 2 BP. If you have only 1 BP then sell the PS first then the CS.

Kabrosif

Check your blood pressure. I have high BP and was out of my meds for about 2 or 3 months. It was driving me nuts up until today when I finally got my refills.

ToughVegetable2483

Reloading BP for the drill after this wedge

PrizeFront8677

“Cleanest refinery in the world” coming from this dip shit is already a red flag. This will be the dirtiest, oil spilling project in history and it will end up worse than the BP spill, they will 100% cut corners when it comes to safety and environmental protection. This is a dirty and a fast way to make the billionaires, trillionaires. Trump is raping the planet.

gizamo

Nah, Archaea Energy was acquired by BP in 2022. OP is talking about HOOD.

gizamo

All of the US companies I mentioned have vastly larger operations in the US than BP. Not sure why you're doubling down on being ridiculous, but you do you, mate.

bwgulixk

BP still runs oil drilling / extraction all over the USA including Texas, Alabama, Alaska, Oklahoma, the gulf. 

gizamo

BP isn't American. It's **British** Petroleum. Your point is still accurate. Just swap BP for Exxon, Chevron, or ConocoPhillips.

bwgulixk

Ahh yes when the oil prices go up Americans get richer. I’m sure BP is paying their oil well operators much more this week as a reward! Salaries up across the board for 1000s of people yes of course! Definitely not a handful of executives and board members getting richer only. 

Severe_Air_4353

California the oil , drill failed , its amother BP spill , kushner inspections failed . To tell that drilling over a fault is dangerous , and illegal without government approval .

BottAndPaid

They're gonna cut so many corners rushing to get this setup it's gonna make BP look like a blip

LabyrinthLayers

With the amount of whale calls on oil companies today somethin new brewin methinks🤔 BP, OXY, PBR..

astromouse2024

I’ve lost out on options many times Nothing infuriates me more than not having buying power until AFTER the move down already happened, and by the time I have BP the market is back up

collegefootballfan69

I saw the CEO’s of XOM, CHV, and BP all unloading mines from fast boats. Calls on Tesla

sport912x

My options show ASTS 10Apr 70 Puts at 2.43 , but maybe 2.88 when you posted. Sounds like you are going to sell 10 Puts.. that sounds like way too much, but you seem to think that requires 70k, which it does for a CSP, but more like 11k if using BP in a Margin account... the other 60k could be in TBIL or some such earning interest. Also the 70 Put shows an 18 Delta , not way Otm but still a SDEV away.

MiloAndCrows

Foreign stocks like BP or Shell, that trade on U.S. markets, An American Depositary Receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specified number of shares in a foreign stock, allowing U.S. investors to easily purchase foreign securities on U.S. exchanges. They are priced, traded, and pay dividends in U.S. dollars

TapIllustrious2366

Jiffy Lube or BP gas station down the road

earthcomedy

Wow...your comment has just led me to discover some amazing things on Gemini: **85% of USA West Coast Jet Fuel Imports** come directly from South Korea! thus --> **15–20% of total demand** for jet fuel on the West Coast is met by these imports. The Military Kicker This isn't just about commercial flights to Maui. South Korean refiners like **GS Caltex** and **SK Energy** hold direct contracts to supply the **US Military** with JP-5 and JP-8 (military-grade jet fuel). We have reached a point where the US Pacific fleet and West Coast airbases are structurally dependent on Korean refineries—which, as we discussed, are **70–80% dependent on the Persian Gulf** crude currently being blocked by the conflict with Iran. ; --- and this is what u referred to. The "bonehead" label is a sentiment shared by many Australian industrial and security analysts right now. The decision to dismantle domestic refining was driven by a 20-year transition toward "economic efficiency" over "sovereign security," essentially betting that the global supply chain would never break. # The Great Refined-Product Gamble For decades, Australia had a robust refining sector. However, the logic that led to the current state was purely financial: * **The "Asian Super-Refinery" Effect:** Massive, modern refineries in Singapore, South Korea, and India achieved economies of scale that Australia’s smaller, aging plants couldn’t match. It became significantly cheaper to buy refined petrol from Singapore than to refine it in Victoria or Western Australia. * **Corporate Exits:** Global majors like BP and ExxonMobil saw the writing on the wall. They shuttered plants like **Kwinana (2021)** and **Altona (2021)** because they weren't profitable. * **Government Inaction:** Successive governments (both Liberal and Labor) largely allowed these closures, prioritizing lower pump prices and "market forces" over the cost of maintaining strategic infrastructure. # The Current "Two-Refinery" Reality As of March 2026, Australia is down to just **two** operational refineries: 1. **Viva Energy (Geelong, VIC)** 2. **Ampol (Lytton, QLD)** Together, they provide less than **25%** of Australia’s fuel needs. To keep even these two alive, the government had to pass the **Fuel Security Act in 2021**, which effectively pays them a "subsidy" (the Fuel Security Services Payment) just to stay open until at least 2027. # The Middle East Hook The "Bonehead" math works like this: * **90%** of Australia's liquid fuel is imported. * Most comes from **Singapore and South Korea**. * Those hubs get **70–80%** of their crude from the **Persian Gulf**. If the Strait of Hormuz stays closed due to the current conflict, the Singapore "refining bridge" fails. Even if Australia tries to buy crude from the US or elsewhere, they no longer have the physical plants to turn that crude into the diesel and jet fuel that the ADF and the trucking industry require.

LeupMeisterGenral

I know! Fucked it with letting them get a BP though

MissAutoShow1969

Why not buy puts below the shorts and make bull put spreads, keeping your position while regaining BP?

NFTmania4Reddit

And no matter if oil is up or down, stocks somehow still don't care and go either way. I sold all my Shell and Oil BP stocks for VisionWave and Amazon, fck oil

ChairmanMeow1986

\*Actual specific advice at the bottom on what I would do, but read through this first please. You just need set a buy to close full stop. Listen to DonkStonx and stop worrying about decreasing your 'current cash level,' as it really doesn't seem like you know what you are doing. Selling deep OTM naked options might seem less risky than buying 0dte's, but this is what blows up accounts and get's you margin called if you don't know what you are doing. A. I get your impulse to not loss money and the risk might seem low (and really probably is) if you are just looking at the DTE's and Strikes. You could do nothing and likely walk away (possibly a bit psychologically scared) with the premiums in your pockets. That's scenario A. The problem is your risk/reward, especially under these macro conditions (I'm not even particularly bearish); we are 6-days into a war in the middle-east, there's tariffs uncertainty, jobs report tomorrow, VIX is elevated (ranging freely above 20), there's the funding fight for DHS on ICE reform, and Republican senator Tom Tillis on the Senate Banking committee has vowed to block any nomination to the Fed board until the investigation of Powell is dropped. B. I'm taking your cash level (position), purchasing power (BP-buying power), and your explained of positions I'm going to assume a portfolio that is about 100k (give or take 15%) in cash/equities. So the real risk to you that I see (specifically because you are posting this here) is that SPY retreats 3-5% suddenly or over the next week and you close out all your positions in a panic only to watch SPY bounce back over the next month. That often leads to revenge trading and over trading as you try to 'make your money back.' You have to (you needed it, your family was depending on you, you we're saving for a house, it's your retirement!-how could this happen, it didn't if I fix it). If you loss money it's gone, you know have a different amount of money and you have to decide how you are moving forward. C. The real risk and probably why you are getting edgy, especially with those 3/16 one if you sold it recently. How a 15% would effect you margin requirements and pose a danger to your portfolio. If it did before 3/16... well hat is how margin calls happen even when puts are still OTM. If SPY dropped 15% and VIX jumped to 35–40 overnight, you'd probably be nearing a 25k loss if you'd be facing forced liquidation of all open option positions and forced selling of equities (likely at the worst possible time) if you couldn't deposit margin requirements in the brokerage. Realistically how this type of thing looks to people; the market drops 3% tmrw than 3% Monday, you can't believe it the Market is wrong, you're not selling now. Than it's down 9% over night before 3/16. Doubt it will happen, but this is the risk you chose to manage. \------------ \*Specific advice (still think you should close it all out tmrw as I do not think you should be trading options): 1. At least close out those 3/16 ones immediately, that is putting undue stress (risk) on you're entire portfolio due to scenario C. Risk remains, but with the other contracts (DTE/Strikes) you are in a much better spot. If you didn't sell the other's perfectly in Nov/Dec you probably got shit premium on risk honestly, so I'd just be inclined to close everything out as soon as possible. I might give the longer contracts time if recover from an extreme dip, but I'd likely just sell the both if SPY dipped 5% and just accept I might have bought at the top. Again, really I'd say just close it all out as soon as you can. 2. I don't recommend it for these trades, but there could be trades when it made sense to convert them to defined risk bull put spreads by buying at the same DTE with a lower strike to your sells. Does not make sense here unless you just want to cap risk and to exit more favorably over time. 3. I don't know the exact details, but I'd probably just call all contracts open a failed trade and close it all out if I found myself here though. I'd accept I traded poorly and lost money, than move on under the reality that essential reality.

justchillen17

Shit, forgot all about that. Is there any movement at all with any of them? BP has infrastructure, no?

SecurePomegranate721

RIG - Transocean is another stock worth looking at , grabbed 10k of that at 2.22 last year , they’re clearing massive debt loads and are about to merge with Valaris making it the undeniable #1 driller in the world , BP spill ? Who cares .. they’re making a comeback lmfao , I have hopes this stock will goto 30-50$ within the next 10 years ET - good American company for dividends which that percentage has been rising steadily for years now REI - another company like EONR Not saying you should buy anything I’m recommending but my portfolio for the 3 stocks I listed + EONR is up 114% in the last 11 months not selling not selling not selling

G000z

Buy them to close, you will have to pay $4162 (2x$21 + 2 x$400 + 3x $1100). Or wait them up, if spy drops your BP will drop and might be forced to exit other positions id how big is you account but for me to be comfortable with keeping on this trade I'd need at least 140k NLV in the account to stomach the swings...

ShillinTheVillain

BP-84 Penetrator is the technical term

Timely_Primary521

Yeah fair enough — getting assigned on ETF puts almost never happens if you manage them right. Was more thinking about a scenario where you sell into a gap down and they go deep ITM with no roll in sight. Rare but if you're maxed out on BP that's a bad day. Your GoPro story kinda proves it though — 10 years clean then one random event fucks you. That's all I meant.

sport912x

Pretty much the same size. Since I sell Puts on big Etfs, it takes a bit of buying power, and you have to have backup for days like this when BP can go up 50%.

LarryStink

Span margin is so fucking awesome. I can buy/short futures and then offset BP with an opposing options contract and effectively rinse and repeat to leverage up 10x if i want. Ultimately I dont do that because im not a regard but instead use the same method to lever up sufficiently while maintaining my BP to use for other trades.  Ive also found it can effectively delta hedge and act similarly to a MM. I set appropriate stops on the futures and if the trade goes against my futures, the options offset the futures loss. If the trade goes my way, the futures pay for the options with a good margin. In the last few weeks of testing ive averaged about a 150% return against the options. On the trades that went against my futures positions the options offset the futures losses by about half. (Where I closed the hedge) but a couple times doubled down on the options after the futures stopped out and made a few hundred percent. 

Money_Do_2

Well, they are now. We toppled their sectarian, democratic, pro western government in the first place to install a theocrat. To get better terms for an oil contract. Or rather, to not let them negotiate the contract that BP was breaking. So somehow, whatever comes next will be a bigger enemy than before.

Shoddy-Usual1070

KO BP MRK WMB T Been good to me

spyputs1

When Iran does it no no but when BP does it it’s kosher as long as they use Palmolive to clean the ducks

sport912x

Buying Power is for Options, Margin is where you borrow to buy stock, you still need 50% of the price of stock. If you are doing CSP's in a Margin Account then you do not understand Buying Power. It is great to have the cash to buy any stock you are assigned , it is just a waste of leverage to do the trade that way. If you Sell a Put 200 Strike , a Csp takes 20k, but only 2k-4k in BP. You still have the 20k you just are keeping it liquid , probably earning interest. The only wrinkle is you have to be approved for Selling Options, which is hard at some brokers, easy at others. Also you are never charged interest on BP. What is the downside, well BP can double in a selloff , so that 4k BP for the 200 Strike could become 8k if the ES is down 200. Need more info on BP, here is the founder of Tos and Tasty with a tastylive vid. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 STOCKLESS TRADING [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)

OurNewestMember

Eg, sell a delta -0.20 put for $5/sh and sell 20 shares of stock to hedge for $100/sh. Imagine the underlying moves up $30/sh. You have a $600 loss on the -20 shares, so you are exhausting the $500 upfront premium received, and your short put might still be $1/sh to close -- total loss of $200 Of course you could instead not sell the 20 shares at open, then the market falls $30/sh (or volatility spikes, etc), and now your unhedged short put is trading at $11/sh -- loss of $600 The point is, you're short volatility either way, so there are market movements whose effect on position value can exceed the premium received (mostly short gamma in the first example and in the second, long delta/short vega/short gamma). "Using BP" (whether for stocks/bonds or derivatives) is often dynamic and therefore more complex than going fully capitalized. To value the BP, I'd want to know my target utilization (eg, $60k of risk on a $50k nlv portfolio; my broker might claim I can carry $100k of risk, but I'm not doing that, so I'm not computing returns off all that leverage I never plan to use). Then for example, maybe I use $8k BP on a short put, collecting $400. Then maybe market conditions and broker cause the requirement to go up to $10k BP reduction on the put. So my expected value on the short put might be +$375 over 3 weeks using 8-10k BP over that time. You can compute a return. You can also compare to other alternatives uses of $8-10k BP reduction. If you wanted, you could also compare to expected risk/returns of a fully capitalized $8-10k position. There are various ways to do this.

GoldChallenge6287

>> is this because of gamma? Yes. But, for clarity your structure is short gamma short Vega long theta. buying theta for the tail risk that comes with being short gamma (and Vega). The reason why you have loss to the upside is due to the gamma loss as you hedge more trying to remain delta neutral. Hypothetical situation using covered puts: Underlying moves up > delta begins to decrease and you are now over hedged short > you must buy back your hedge at a loss to remain delta neutral. Conversely if the stock falls you need to hedge/sell short stock more due to delta increase. Every time you buy high/sell low you’re realizing losses - that gamma and the trade you make to capture theta decay is being short convexity. Reason this blows up, ignoring the fact a retail trader realistically doesn’t have the BP to keep up with the continuous losses incurred by your hedge from gamma while remaining delta neutral, is usually situations where realized vol >> implied, which amplifies how much more you need to hedge to remain delta neutral.

McKoijion

Plugged ass? BP? You mean a butt plug?

MrBobSacamano

Under no circumstances can BP or Exxon go first, given their oil-related disaster history…

kokatsu_na

Honestly, the redemption rate is completely irrelevant here. The funding is already bulletproof ($150m PIPE + prefs), plus a massive $1b credit facility lined up from Goldman Sachs. If the NAV arbs want to take their $10.64 and walk away, good riddance! Let them. I am still 100% confident in the underlying business model and the elite blue-chip partners backing this deal (Morgan Stanley, Goldman, BP).

mlody11

Who goes first? BP? Who wants to volunteer? We'll lose some of you but that's a risk I'm willing to take.

512165381

I'm getting worried (scared) about long tail events eg volmageddon, starting a war on a weekend. My BP usage was 44% on Friday and 104% on Sunday when the futures market opened. Luckily it was ZB options which barely moved. Say I have a defined risk trade like an iron condor, and we have the worst case scenario of a margin call or going in-the-money and getting assigned. Is it really defined risk or will I lose a lot more? I'm trading futures options on a small account.

gizmostuff

BP oil disaster in 3...2...1... BP: Sorry 😐

hassy416

Its up a lot already !! How long we holding for? I dont have any BP in options. Just baught shares

UsedState7381

Live link for the SCOTUS hearing on the gun ban case, on PBS(sound only): https://www.youtube.com/live/efjGUqi3iDI?si=kyLSHObe0BP9h47v

RollTheDiceFollowYou

The BP bags I've been holding for 5 years are finally up; gonna offload that pile of shit

Eemki

Transocean. Smart investors split their investment 66% BP, 33% Transocean, and 1% Haliburton.

Cardiologist_Actual

Guess who sold their long term BP play Friday 🪦

IMasterCheeksI

Right. Poor BP and the Roosevelt clan couldn’t stand for that.

ItchyKnowledge4

Okay I asked gemini to verify your link, seems kind of true but overall situation is a bit more nuanced and chaotic, will post below. Based on current reports as of February 28, 2026, the tweet by Sal Mercogliano is accurate and reflects the highly fluid situation in the Strait of Hormuz. The confusion arises because there is a difference between Iran's claims and the actual movement of ships. Here is the breakdown of the current situation: 1. What Iran is Saying (The "Closure") The Iranian Revolutionary Guard Corps (IRGC) has been broadcasting messages over VHF radio (Channel 16) to commercial vessels, stating that the Strait of Hormuz is "closed" and that no ships are allowed to pass. These warnings follow joint U.S. and Israeli strikes on Iranian military facilities earlier today. 2. What Sal Mercogliano is Reporting (The Reality) Sal Mercogliano and maritime monitoring agencies like UKMTO and gCaptain are reporting that while Iran has declared a closure, it is not currently a physical blockade: * Traffic is still moving: Satellite tracking shows that some vessels continue to transit the Strait, though at a significantly reduced volume. * Voluntary Stoppages: Many major oil companies (such as Maersk and BP) and trading houses have voluntarily suspended shipments and ordered their tankers to "hold position" or make U-turns. This is due to safety concerns and insurance spikes, rather than a physical barrier blocking the water. * Lack of Official Confirmation: While the IRGC is hailing ships via radio, the Iranian government has not yet issued a formal, official diplomatic notification of a total blockade. 3. Why there is a contradiction * The "De Facto" Closure: For many shipping companies, the radio threats and the risk of being fired upon are enough to treat the Strait as "closed." * The "Technical" Openness: As Mercogliano points out, the waterway remains physically passable, and the U.S. Navy has not confirmed a legal or physical closure, though they have issued a "Maritime Warning Zone" advising extreme caution. Summary: The Strait is not physically blocked, but it is effectively closed to most commercial traffic because shipowners are choosing to avoid the risk of Iranian retaliation following today's military strikes. Sal Mercogliano’s assessment—that Iran is announcing a ban while some traffic continues to move—is the most precise description of the current status.

sport912x

An IRA is a Cash Account. Actually a very restrictive one since you cannot add money. But it is a Cash Account. I am approved for Spreads and that allows the trade. If have spread , which really everyone should be approved for, then it should be no problem except you must use cash to Buy the further dated Put. If you are just Selling a vertical you have the same issue and must be approved for Spreads. So I think you are getting bad advice. Just go to the Analyze tab and create a short vertical Put spread, if the BP is more than the width you do not have Spread approval. Everytime I call Schwab, I get some rube that is 2 years out of college and is clueless about , Buying Power for Options, Selling Options, how much Buying Power you get for Bil,Tbil, Sgov or treasuries. They always tell me they know ALL ABOUT OPTIONS, I just cut them off, and say I want the Trade Desk. It is difficult and they NEVER ACCEPT IT THE FIRST TIME YOU SAY IT. My Coffee Cup has a logo, "No More Mr Nice Guy" . Remember , it is your money , not theirs. Trade Desk is not really open until Monday, Sunday night will be crazy so do not call then. Here is a Tasty vid on PmCP, also Tasty used to and I think still has a policy of giving everyone approval for Selling Options (margin account), also their Cash Account are slightly more expansive than Schwab, but I like Tos better. [https://www.tastylive.com/shows/mike-and-his-whiteboard/episodes/trading-strategy-poor-mans-covered-put-10-29-2015](https://www.tastylive.com/shows/mike-and-his-whiteboard/episodes/trading-strategy-poor-mans-covered-put-10-29-2015)

DarkR124

30 $56 XLE calls and put another $5K in Chevron, BP, and SHEL. Will be having a pretty good Monday I think. Writing was so painfully obviously on the wall, may as well make some money.

CH-LOL

Why would you buy puts on BP of all stocks

amanj41

Hmmmm so I take it my BP puts will not print this week

savanik

I made decent bank with BP after the Horizon spill they had way back when. Everyone threw them under the bus, I looked at the financials and was like, 'This fine is a tiny fraction of their annual income' and bought it at like.. 16.

orsomeshitidk

This shit raising my fuggin BP

PowerfulYou7786

The corporate world of the last 20 years has seen time and time again that when large publicly traded companies are burning down the government is absolutely coming to help. When the Macondo oil spill threatened BP's solvency, the US government directly intervened with banks to guarantee them liquidity. When fintech and banking companies nearly collapsed in 2008 because of a subprime mortgage lending crisis of their own creation the government bailed them out. When auto manufacturers went bankrupt in 2008 the government bailed them out. When corporations were threatened by COVID the government bailed them out.

kokatsu_na

I completely understand your caution, but this is a fundamentally different case and I believe the market is 100% pricing this wrong. Presidio's secret sauce isn't just buying old wells, it is their proprietary software and how they radically optimize production. They completely changed the operating model. For example, pumpers no longer waste time visiting every single well every day. Instead, they use AI-generated smart routes to hit only the top 20 highest-priority wells or respond to automated alerts. They also flattened the traditional vertical management structure by eliminating middle-man field supervisors, which allowed them to cut their pumper headcount by an insane 70%. On the hardware side, they retrofitted existing equipment to drastically reduce fuel and power consumption, and they optimized their chemical treatments so they use significantly less volume. When you put all this together, it transforms a low-margin legacy well into an absolute cash cow. Honestly, considering BP is already a massive PIPE investor here, my endgame thesis is that BP will eventually just buy them out entirely off the public market to get their hands on this exact optimization tech for their own legacy assets.

kokatsu_na

I'm genuinely surprised how quiet it is around tomorrow's FTW merger vote. To me, this is easily the best de-SPAC play of 2026. The setup is incredibly clean because there’s zero drilling execution risk - they just acquire and optimize existing cash-flowing wells. Their capex is a microscopic 3%, and since their production is heavily hedged, their margins are largely insulated from oil price volatility. Operationally, they’ve managed to drive their decline rate down to just 8% compared to a 24% peer average, and they finance the operation using cheap 7% ABS debt collateralized by the wells, which beats standard E&P financing. The institutional backing is what really sets this apart. The $150M+ PIPE is locked in, with $85M from BP, $25M from Morgan Stanley, and $40M directly from management. Goldman Sachs is also stepping in with a $1 billion credit line to fund their acquisition pipeline. Add in the non-redemption agreements already secured with funds like Fort Baker, and tomorrow's vote looks like a done deal. The real kicker is the dividend. They are launching with a $1.35 payout - with talk of already bumping it to $1.50, meaning you get a 13.5% to 15% yield from day one, with a clear runway to scale it up to $2.77. That massive yield essentially creates a hard floor under the stock. If you look at peer multiples and the sheer amount of free cash flow they generate, fair value should easily be in the $25-30, range right now, not $10.

oldmanballsacks81

Market crash confirmed on 02/26 when OP revenge trades and buys calls with his remaining BP

jerseynate

Just cut your loses. It's either $50K BP or $0

LadyQRex

Just think BP in the making! Three digits for sure!

Correct_Proposal_409

You can use your own rhetorical "many trials have failed and therefore this is destined for failure" for any therapy being developed. Historical failure rates raise the bar, but they don't determine the outcome of a mechanistically unique therapy with a demonstrated CNS pathway correction. Here we have a genetically validated pathway (GBA1), plus strong evidence of Gcase dysfunction and corresponding lysosomal lipid accumulation in a good portion of idiopathic cases. If you are an MD, you should understand the relevance of GBA1 PD and Gaucher's-- they share the same GBA1 mutation. Life-saving, disease-modification was achieved by addressing dysfunctional Gcase, with GluSph being the most important biomarker for confirmation of target-engagement and disease progression. Of course, these Gaucher's therapies do not cross the blood-brain barrier. GT-02287 addresses dysfunctional Gcase in the brain. The reasonable take would be, "let's see how reducing GluSph levels translates to reduction in downstream biomarkers and in clinical symptoms in Parkinson's cases over a longer timeframe." Not, "I'll eat my shoes if this works". Hard to take you seriously when you are so seemingly dismissive without offering mechanistic reasoning to back up your statements. It almost seems as if you want it to fail. Do you work for a competitor of Gain? That would explain it. "Your post history is rabid with support of this stock... you are looking for someone to buy your bags." This is an immature, ad hominem assumption that does not address the science. Yes, I believe strongly in this treatment. I think it is the most promising PD treatment being developed, for the reasons I've detailed in my many posts. I'm lucky to have a very low basis. I *am* looking for BP to buy my shares for multiples above by basis. Not retail investors. I won't convince you-- not trying to convince you. But readers should understand that your baseless dismissal has no bearing on what many experts think is a very promising development in Parkinson's disease treatment. Maybe we should follow-up in September and see how durable the data is with the 16 out of 19 patients who elected to continue with the treatment despite the tests and additional lumbar puncture, many of whom have reported improvements, along with their clinicians. Beyond UPDRS, some of these reports may be anecdotal, but if they truly have regained sense of smell, this does not happen with placebo.

sport912x

You are LOST. First off it is Buying Power not Margin. Margin he what you use to buy stocks you do not have the cash for. A 15Dec28 100Put requires 1k of BP at Schwab or Tasty. This is not a CSP . Op is very clear he needs to get approved for selling Naked Put, which is a Margin Acct thing. Basically if follows a 20% rule. Not sure what BP is try these Tasty vids. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 STOCKLESS TRADING [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

sport912x

How is he risking 10k , and where is he making $50. Say he gets .10 per option that is $10 time 5 =50 in premium. The BP on most brokers seems to be $500 (Schwab/Tasty). True if Spy goes to zero he is out 5k times 5, but I think we have bigger problems before that happens. The $100 strike for 15Dec28 is 50 cents, with a BP of 1k at Schwab or Tasty.

sport912x

Wow level 5... Tasty only has level 0 for everyone, so everyone gets to Sell Naked (maybe an erotic thing). At Schwab level 3 gets you Naked. Not sure you understand this . You cannot sell a LOT OF SPY. First off what is the Point? A 50 15Dec28 gets you maybe 12 cents, so 12 dollars . Meantime it will still require 500 Buying Power, which is better than 5k for a Csp. That $500 BP is at Schwab you might find Fidelity will lock up a LOT MORE. So you are tying up 500 for over a year for a maximum 12 dollar return? Not sure what Buying Power is , well not something Fidelity really shows. Tasty, Tos both show you the BP as you create the order. Here is a vid explaining BP from the founder of Tos/Tasty from the Tasty trove of vids. [https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 STOCKLESS TRADING [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

sport912x

If you are not getting interest on the cash set aside , you may be doing something wrong. Fidelity gives interest on the cash (but I do not recommend them for trading). Most other companies (Schwab, IB, Tasty) give 75% or so BP if you invest in Sgov , Tbil, Bil, type stuff, or 98%+ Bp on U.S. treasuries. This applies to Margin not Cash accounts. Schwab does have a deal on Cash accounts if you buy their money market funds. Actually if this is a Margin account and the cash is invested in instant money stuff (treasuries, Sgov) then BP is a better way to go anyhow. A 250 strike instead of tying up 25k, will only use 4k-5k.

fit_steve

Thanks for the responses guys so it sounds like SPY could be used as marginable securities or at worst a 30% haircut. But then the biggest risk I'm hearing is correlation risk. That is since a prolonged market drawdown would hit you on both the call and the put, let's say we're doing this with META, then holding SPY for margin collateral is too correlated. Maybe it would work with a better hedged position for margin BP? For me I've been doing cash secured puts for years and they've always worked. This 'portfolio secured' model strikes me as a way to get more juice or leverage out of the cash as it were

papakong88

Assuming you are approved to sell naked puts. Assuming your account is worth 10 K in stocks that have a 30% maintenance requirement. Then you have 7 K in BP. If you sell a naked put for 1 K and require a collateral of 5 K. After this sale your BP will be (7 K - 5 K + 1 K = 3K). You can use this BP to buy calls. If XYZ drops in value, then the put will require more collateral which comes out of your BP. However, your BP may have also dropped. If you do not have enough BP to meet the increase in collateral, then you will have a margin call. So be careful. I would not use all the BP to sell the naked put and to buy the call.

NH_trader

Good response and questions - thanks. The Call trades are the call side of a short strangle (naked calls). My account is a margin account as that is required to sell these Calls, but I don't use margin in the sense of a loan.. My trading limitation (the cash required for each trade) is the Buying Power (BP) reduction that the broker (Schwab) determines.... I watch this total number closely as it fluctuates with the market and will create a margin call (requiring a deposit) if it drops below zero. I keep it quite high as I don't want a problem. Hope that helps.

LarryStink

That happened to me last night. One thing ive started doing to offset BP requirements is buying a call or put to offset my futures positions. Idk if it only works for span margin but it might work for regular margin as well if you were short stock you could see if buying a call would offset the bp.

papakong88

On any day, I have ⅓ in 25HTE options, ⅓ in 0DTE and ⅓ on reserve. The reserve BP is used for exit. I like to exit by rolling out. This will require BP. The reserve is used for that. When I determine that my positions are safe. I will use the reserve BP to sell junk. Junks have very low delta and are unlikely to get in trouble. These are my junks today: |Symbol|Quantity|Price| |:-|:-|:-| |NDXP 02/19/2026 25360.00 C|30|$0.39| |NDXP 02/19/2026 25260.00 C|30|$0.72| |NDXP 02/19/2026 23980.00 P|30|$1.30| |NDXP 02/19/2026 24080.00 P|30|$1.80| |NDXP 02/19/2026 25370.00 C|30|$0.37| |NDXP 02/19/2026 25270.00 C|30|$0.62| |NDXP 02/19/2026 24100.00 P|30|$1.80| |NDXP 02/19/2026 24000.00 P|30|$1.30|

papakong88

If you want to pick pennies in front of the steam roller, do it earlier in the day. I spend one-third of my BP selling junk. Junks are spreads or ICs that are very very low delta. The call spreads are about 500 points OTM and the put spreads are about 800 points OTM at the time of sale. Spreads are 100 points wide. I sold 60 junks today for 4740, BP is 600 K. At this rate, the annual income would be 4740 x 250 days = 1.185 million.

DarkR124

More insane oil option volume today. People really betting on it kicking off soon. BP - 530K. Normal 22K SHEL - 300K. Normal 10K. XLE - 330K. Normal 150K. OXY - 220K. Normal 55K. People either going to get wiped if things don’t happen or make bank.

Ok-Organization1796

Exxon mobile (XOM) and Chevron (CVX), also Shell and BP, all spiked sharply before the Israeli strike on Iran in June. Precisely, June 5th 2025. The recent spike in these stocks looks much the same. Probably just a lot of people like me who are trying to catch this run before the US strikes Iran. That said, a US strike on Iran is imminent. We all know Bibi wants a strike and ultimately a regime change. It has to happen before midterms. Don't miss this chance fellas, beware high risk holds that will be caught in a risk-off selloff. GL.

No_Economist3815

Hey, so I got $225 BP. I need to turn it into $20K pronto. What's the play here?

Poly_ptero_dactyl

If you haven’t been on this specific subreddit much, it’s very anti Trump. It seems it was set up partially as a rebuttal and a place to go away from WSB’s pro Trump stances. It’s become more vocally anti Trump since the recent ramp ups of ice and BP raids. But a short browse of this sub would show you that.

DYRTYDAVE

Why would you sell for 10b when a vastly inferior pipeline in Metsera sold for the same price? BP isn't paying because they aren't are scared to pay much more than that on just 13w data. The maintenance and emerging ph3 data will address that; the earliest realistic buyout period begins in 2H of 26.

daytrader987654321

Who is they? Brian doesn’t want to sell for 10Bn and I am not sure any BP wanna pay more than that regardless of maintenance data.

Express-Mongoose-738

Vk 2735 is better efficacy / tolerability balance than all of CagriSema , amycretin , MariTide , and very likely better than tirzepatide and retatrutide.. will witness a fight over this phase 3 agent in next weeks to months. Several BP want GLP1 GIP dual agonist. And VK is clearly the best in class

6edge9lord

Idk kinda just a sudden epiphany-like realization of my poor diet and stim use causing intense anxiety, worst panic attack I’ve ever had. Impending sense of doom like I was on the brink of a cardiac emergency, high HR and BP. Scared me shitless, stopped because the anxiety was overwhelming when I tried continuing days after. You have to stay on top of sleep and diet no matter what.

ButtExterminator

Just get your heart checked every few years and use the BP monitor in the mornings for a bit to make sure it’s not going above 135 or something 

PristineDiscount3208

Have a cardiology tomorrow, have to not look at stocks while my BP and pulse get checked sheesh

sport912x

I think you got it but here is the Schwab deal. IRA / Cash Account, you can secure the Put with SWVXX and earn interest. Downside, it is a CSP, so a 150 strike requires 15k. Also it does not work on short Vertical spreads. Margin with Option Selling Approved. It is BUYING POWER NOT MARGIN. That 150 strike usually only requires 2k in BP. It will show in the Analyze Page if you put the trade together there, or during Confirm and Send, later on the Position page. Roughly under 20%, it can double in Market Sell off or as your strike is approached. I like this vid by the Founder of Tos and Tasty. [https://www.tastylive.com/shows/best-practices/episodes/buying-power-reduction-01-26-2015](https://www.tastylive.com/shows/best-practices/episodes/buying-power-reduction-01-26-2015)

CmdrMobium

The top 7 companies in 2005 were GE Exxon Mobil Microsoft Citigroup BP Pfizer Johnson and Johnson Do the math with those

PlanetCosmoX

At one point Petro Canada was a private company where a significant amount of shares were owned by the Cdn Federal Government. Other allies have gone through a similar process. Here your list, you’ll notice that the US was already on it. Canada Canadian National Railway (CN) Government-owned Crown corp → IPO & full privatization (1995) Air Canada Crown corporation → privatized (1988); government later re-entered briefly during crises Petro-Canada Crown corporation → IPO (1991) → fully privatized (2004) → merged into Suncor Canada Post (Purolator) Canada Post (Crown corp) owns majority stake in Purolator (still today) Hydro One (Ontario) Provincially owned → partial IPO (2015) → government retained significant stake 🇬🇧 United Kingdom The UK is the case study for this model. British Telecom (BT) State-owned → privatized starting 1984, government initially retained shares British Gas (Centrica) State-owned → privatized in stages Rolls-Royce Nationalized (1971) → privatized (1987) British Airways State-owned → privatized (1987) Royal Mail State-owned → IPO (2013), government retained shares initially BP (British Petroleum) Government majority-owned post-WWII → privatized over decades 🇫🇷 France France uses partial state ownership aggressively. Renault Publicly traded, French state still owns ~15% EDF (Électricité de France) Public company with majority state ownership (now renationalized) Air France–KLM Publicly traded, French and Dutch governments both own shares Orange (France Télécom) Public company, state long retained a large minority stake Thales Defense firm, state ownership via government & Airbus 🇩🇪 Germany Deutsche Telekom Public company, German government remains a major shareholder Deutsche Post / DHL Former state postal service → privatized, state retained stake initially Commerzbank Government took large ownership stake after 2008 financial crisis 🇮🇹 Italy ENI (energy) Public company, Italian government retains controlling interest ENEL (electricity) Public company, state owns significant stake Leonardo (Finmeccanica) Defense & aerospace, majority government owned 🇪🇸 Spain Telefónica Former state monopoly → privatized in stages Repsol State-owned → privatized 🇺🇸 United States** (yes, even the US) The US pretends it never does this — but it absolutely does. General Motors Government took majority ownership during 2008 bailout → later sold shares AIG Government majority ownership post-crisis → exited via share sales Amtrak Fully government-owned but structured as a corporation Fannie Mae / Freddie Mac Publicly traded, under federal conservatorship 🇦🇺 Australia Commonwealth Bank of Australia State-owned → privatized in stages Qantas Government-owned → privatized Telstra Public company, government retained stake for years post-IPO

zaevilbunny38

Why isn't BP on the calendar for February 10th ?

FSO88

$0 VaR and expected shortfall on 800 lots. Adds BP. The only limit is capacity. GLHF.

SeanWoold

I'd love to see that too, but VTI and VOO are probably already bottomed out. I don't know that I have ever seen an ETF below 3 BP. The only mutual funds I've seen below that are FZROX and FXAIX but those are loss leaders.

Correct_Proposal_409

Take this for what it is worth, as you do not know me. I’ve spent a ton of time on this company and the data and the science over the last couple of years. While I was wrong about how the market would react to the phase 1b data, the data so far has been what was predicted by pre-clinical models and what science knows about Parkinson’s pathology, although this is still being sharpened. They have new data in hand, some of which is from the first 90 days of the 1b and which they’ll be sharing at AD/PD (and so it must be solid), and they also must have data from the first 90 day of the extension. All of their recent language tells me it is good. And this jives with recent direct and indirect communications with the company. Since the CEO made the statement about being more convinced each day that they have the first disease-modifying drug, he and the team have only become more confident. The problem with the price is that it is mostly retail-driven, and retail doesn’t understand the data or doesn’t have a long-enough attention span to stay invested. But this does not mean for a second that pharma partners are not interested and that they are not talking. They are talking. You are right that much of this will hinge on the “durability” of the data in the extension (i.e., does it continue to hold up over time). I strongly believe they already have some durability data as I said before. There’s no reason to think it won’t continue. I also believe that as-is, right now, a large pharma would pay 2-4X where we are now, and I’m sure there have been conversations, but the Gain team doesn’t think this is enough. I further believe that the bridge between what Gain wants and what BP is willing to pay is built with the durability data. So sometime before September, Gain will have this data, and they’ll be able to make a deal. Then the question is how much. I’ve stated many times that I think the deal that makes the most sense is a buyout with CVR. So cash up front, plus investors get to a CVR which they can cash in if the drug gets approves, and I think it will. Investors in this way will participate in the upside, and BP limits risk. I do not think the company will be sold for $200 million, unless the durability data isn’t very convincing. But there’s no reason to think it won’t be. It will not be a “fail”, that I am very confident in.

parsley_lover

Is there a low cost software ETF I can buy? I’m good at picking sectors but terrible at picking individual stocks. In 2021-2022, I bought oil and banks, but unfortunately my picks were BP and C. I feel like anyone who invests in software will be happy in 4 5 years, but I’ve fallen into value traps too many times.

papakong88

I have traded low delta NDX naked strangles since 2013. I do not hedge. A naked put or call can be rolled out for credit or small loss. I have enough BP available to avoid a margin call so I could manage out of danger. For example a 4-week 0.04 delta NDX put requires 208K in margin. If the put becomes 5% ITM, the margin required increases to 370 K.  This concept is not unique, Most of us allocate a portion of our portfolio to trade options. The remainder can be used to bail us out.

frey_to_tilt

Something like XOM or BP, there is a lot of them

FSO88

lol troll denied. It added $224K in BP. You should stop saying "portfolio offsets" bc you clearly don't know what it means.

Tradingland

SGMT Good Acne data, Same drug is in testing for MASH with clean safety profile. TAMS in billions. BP bought competitors for billions AKRO and ETNB. MDGL mc in billions. Worth more than 5 times the mc now and buyout can go lot higher.

Open-Yak-3708

Good for BP

YosoySD

PSPs can be better than CSPs mainly because of capital efficiency, not because they’re safer. With PSPs your capital stays invested ETFs/stocks keep growing and paying dividends while you collect premium, instead of sitting in cash. The trade-off is exactly what you pointed out, when markets drop, portfolio value falls and margin requirements expand, which can reduce buying power or force adjustments if you’re over leveraged. Thats why PSPs only work well when used conservatively (lower BP usage, far OTM puts, strong index ETFs). Used correctly, PSPs outperform CSPs long term. Used aggressively, they can blow up in a drawdown. But if you have to take assignment just sell a bit of your base ETF (spym for me)

Embarrassed-Ear-3596

Bruh you're kinda missing the whole commercial expansion story here. Yeah they started with govt contracts but they've been landing huge commercial deals lately - BP, Airbus, bunch of others. The P/E is nuts but so was Amazon's for like a decade Also that "one customer" thing isn't really true anymore, govt is still big but not their only play. AI hype train isn't slowing down either and PLTR actually has real products unlike half these other "AI" companies

RRGMS_YGG

check BARKING PUPPY $BP ROARING KITTY GME 2.0 3B1ijcocM5EDga6XxQ7JLW7weocQPWWjuhBYG8Vepump

EasyPeezzyCrypto

Roaring kitty & Co just stealth launch $BP Barking Puppy. Proof pinned to X community. The story is wild and DEEP 3B1ijcocM5EDga6XxQ7JLW7weocQPWWjuhBYG8Vepump