BP

Successful_Car1670

Yeah but you can’t have a 2 BP gap between the 2 year and FFR. It’s only going to get worse and warsh just wants the bond market to do his job

Impressive-Name5129

No because she brought shares in BP

SeniorVicePrez

Yes, EoP2 is already done and the FDA agrees on testing it further and they raised some cash. Once this settles with NMS - then BP acquires it. Based on my reading of the latest court minutes how could anyone on earth think the parties aren't on the path to an agreement. Case is a slam dunk for Cardiff. And.... no senior director (Gary Pace) would spend $1M buying shares a month and half ago only to make 2x or 3x their return. He seeks far greater returns and they also know what's happening behind the curtain. Cardiff's got a proven track record of explosive runs. 6 years ago SP ran from 70 cents to $25.50 in 9 months (3,543% gain) based on Phase 1b data - and 2.5 years ago SP ran from 93 cents to $6.50 in 4 months (600% gain) - based on Pfizer partnership. Now we have an insider buying over $1M in stock. You do the math. https://preview.redd.it/nfki5060zroh1.png?width=1308&format=png&auto=webp&s=879a85ca00bf8e2f85bdbed843ff1bf7d3347c6d

Itsallaboutmargin

Women be like - Haters gonna hate hate, shake it off , shake it off https://youtu.be/nfWlot6h\_JM?is=vX3MG5BP01Ct3Ff1

takashi-kovak

This. Honestly, it took me 6months to understand the various intricacies of how BP is effected, especially for portfolio margin accounts. Not because I don't know what it is, but how it moves based on the overall portfolio, open positions, etc. Best solution for OP is to run a spread, so iron condor and verticals.

hutch_man0

Do you think BP gas comes from Britain? 

Cali42

Another day, another fake post! Key Red Flags Indicating It Is Likely Fake/Inspected UI: **Inconsistent Ticker Symbols:** **CDNL** is an obscure OTC/penny stock company (Cardinal Energy/Cardinal Resources) that historically traded in sub-penny ranges (or had very little volume), making a \\$38.11 price point completely disconnected from reality. **Fidelity UI Elements:** The screenshot uses the standard Fidelity Investments mobile web UI layout (FDRXX/FZDXX money market funds and "BP" buying power indicator). Editing DOM elements via Inspect Element or using local screenshot generators is extremely widespread on WallStreetBets. **Math vs. Post Title:** The post title claims "665k," while the exact sum of the displayed positions plus cash/money market funds is around **$671.2k**. While the UI layout matches Fidelity's design patterns, the underlying ticker values and market realities strongly suggest this screenshot was altered using HTML element inspection or image editing. No, it is almost certainly fake.

TheRealFinatic13

Ohio does not use Canada electricity. I only use BP gas. I dont buy steel.

sport912x

WRONG. Selling Puts is the GOTO strat of Tom Sosnoff and his crew . He commissioned thousands of studies , which show selling Puts in a high IV environment works out. And no he NEVER WANTS TO TAKE ASSIGNMENT. Basically their strat was to Sell Strangles at a 15-20delta at the 42dte , close at 50% profit, or Roll at 21dte. I do not know what your friend does. That you will be assigned before 21dte is virtually nil, EVEN IF YOU STRIKE IS RUN OVER. The reason is Extrinsic value. The strat gets a little more complicated at that point , and you may have to roll for a loss. Also another thing you do not mention , is are you doing this as a CSP or using BUYING POWER in a Margin account (no BP is not MARGIN). A 200 strike on a short put is 20k as a Csp, but only 3k-4k BP . If you are confused, go call Tom . He is now at LossDog (no clue what that is) between 9:30am to 11am Mon-Thur. His old company Tasty had over 1,000 vids on doing things like this, but the new owners took them offline.

TheoryInttro

Scandi markets - Norway moons with oil, Sweden and Finland tanks because the Norwegian index is extremely weighted towards oil producers, while Sweden and Finland has a lot of companies getting stuck with the oil bill. Equinor and Aker BP are extremely swingy and correlates with Brent spot

papakong88

You have a long call which was exercised. You bought shares as a result.  Because you now own shares instead of cash, your BP is reduced. Your BP can no longer support your option positions. You have a margin call. You can meet the call by: * Depositing more cash. * Liquidate some positions. Most brokers will allow you some time to do that especially if your call is for 1k only. If you are anxious, sell the stocks in the pre-market. (What is the stock? We can check now if it can be traded pre-market.) Relax. Don’t go into labor. Enjoy your Labor Day weekend.

TraditionalSundae990

Some oil companies (BP, Shell, not sure about US) are among the biggest oil traders in the world, they directly monetize volatility- they have been printing cash since this started

Canafornication

I'm trading just one lot trying to spread BP among as many positions as possible. EWZ has usual liquidity, didn't have problems with it. There is not many opportunities right now, so I'm reaching out to some stocks or ETFs that have life left in the options.

sport912x

Trade seems fine. Do have a question about "cash secured account low six fig," Does that mean a Cash Account (IRA) or simply that you are doing CSP trades. If a margin account then why ? Csp tie up the cash without interest at many brokers . So this one trade ties up 4k-5k as a Csp but only 500 using BP in a margin Account approved for selling Options.

ceberus302

Actually; u did it once you can do it again. Except this time roll big wins into $20k positions like $spy or $qqq so that you do risk too much BP; if u lose everything again at least you have $100k recently invested in $SPY outpacing inflation. 9months you called it a slow grind - let’s see a fast grind! u got this!

Swimming-Dingo-9695

Hey guys, just wanted to give you an update on my situation. I'm in the hospital, and they said I have a bleeding ulcer, visible alopecia and my BP was 190/110 But I made $50 bucks this week, so totally worth it!

welrope

But add a BP medicine or get a double red couple times a year

sport912x

Sounds like a Tasylive Sosnoff strategy. Yes you will collect more premium (16Oct $6.7) . You may then be able to roll in the next 2 weeks. Sosnoff would roll by buying your existing options , and re centering the Strangle further out in time. "Buy the Guts ... Sell the Wings". You may not be able to do that for a credit but the trade will go on. Important point , you will be able to Sell the Call for only a little more BP (660) since you can only lose on one side. Roll before expiration (2 weeks out is the limit to hold).

Level_Counter3062

Surprised more of you aren't into gas I've made a killing on TTE and BP lately

Level_Counter3062

TTE and BP are solid international energy plays

jarMburger

Volatility is quite low right now and as IC sellers we ain’t getting good compensation. I still sell them but keeping more BP on the side and wait for better entry conditions in September

QuarterCarat

Just depends on what your knowledge / edge is. Getting a good company at a discount is almost always advantageous, but it can be hard to know how accurate those swings truly are. I will say I absolutely did put money into XOM in late 2020 because people were literally talking like it was the end of oil, end of this, end of that, and I was baffled. So a simple thesis can easily play out without you knowing too much, but putting it into individual companies is tricky. Had I bought BP I would have made money, but less than XOM.

Specialist_Metal4959

100% this, other things which can work is looking for structural dislocation in prices (regulation changes, overcorrection from reputation damaging law suits etc.). E.g. share price of BP in 2020.

Ok-Parfait-9856

Warsh grabs bessent by the pussy, lifting him off the ground with a firm yank. At this point ol Scotty is fully engorged, CSPAN censors the throbbing appendage. Warsh looks straight into the camera, blood vessels in his face bursting, teeth gritting from amphetamine, and says “when you’re famous, they let you do it. Plus 200 BP. Fuck your calls”

options001

Let's say I have a $200k portfolio that has options buying power $400k (Let's say 2x margin). I sell a $50k wide box. Does my buying power jump yo $450k? And I can withdraw the $50k and still have the $400k BP?

JefeDiez

These are all cash grabs for the state pre mid-terms. Nobody actually cares about the kiddos. I don't think it's a small settlement considering BP's oil spill fine was very similar- plus 25 states are going to ask for more so that essentially doubles the fine.

JefeDiez

That's a huge fine, almost as big as the oil spill for BP. I think people forgot that this is only half of the states who have come to the table. So with 25 more upcoming, the damage is an additional 20B all but guaranteed coming their way now. Plus, the other 3,000+ individual lawsuits for addiction, wanting more billions from them. Them taking the blame will harm the company unless they can actually increase their profits (unlikely with nothing in the books except ads for now).

Truesoldier00

Bruh im Canadian, 5’10”, 175lbs, and good BP, Cholesterol, and resting pulse. Not saying what i’m doing is healthy but don’t loop me in with the rest!

Prestigious-Duck-189

I doubt the company still exists early next year. 40B buyout is the meme but as time and result progressed it’s not unthinkable. Personally I expect 20-25B as a base case here. The Monderna news brought incredible momentum to the industry and most BP are facing a huge patent cliff. They’re on a hunt now.

Sryzon

You're forgetting the other lever the Fed has: their balance sheet. If the balance sheet isn't increasing, but government debt is, that sucks liquidity out of the system and causes bond buyers to naturally demand higher rates. The Fed doesn't need to raise the Federal Funds Rate to raise rates. The market is raising rates itself. The 3m up 1 BP and the 10y almost 4 without the Fed changing their rate. In our current situation - where decades of QE and offshoring has both raised money supply and lowered money velocity, only for that money to come roaring back thanks to a boom in domestic infrastructure build out - the balance sheet is what matters. All the demand the current economy is sustaining is not built on cheap debt. It's built on tremendous cash piles companies and investors built up for decades only to burn on datacenters.

GUHv2

BP spreads relative to price are criminal

Financial-Belt-506

ET EPD SUN ( all bought 3 years ago or more and divvy is strong) 200k worth. BP bought a 100 shares when they fired the CEO over BS TALO "I just like the stock" Q3 report gonna be another blowout. The pipeline and refiners are topped IMO TALO has quite the future and I'm in over 6 figures with 30% gains. I was gonna sell....but theres no point. OIL will go up regardless because the dollar is weakening so Im holding for at least a year. In the next few weeks they should begin their 7% buyback $200mill. It was supposed to be in Q2 but they bought some fields in the Gulf. Very efficient company IMO. Finding the smaller companies where growth is still attainable is my goal.

VulcanSpark

$USOn$REPSOL $EQNR $BP $STLA, AI datacenters need energy and ev's baby with high oil prices

atx78701

It can be done because your time horizon is longer than pros They have to show profits quarterly so if there is a cheap stock they still might dump it off it doesn't improve fast enough My personal favorite is when companies get bad news but are otherwise solid earners BP oil spill, subprime mortgage crisis, chipotle etc If Taylor farms was public they could be a candidate

GUHv2

BP is being manipulated so hard right now

thatguy2676

I’m well aware of this, This is just a little side thing for me and i’m mostly just complaining to complain, sorry if i made it seem like im crying over 60 dollars lol. Although keep a close eye on BP and Chevron, they’re being granted contracts for the venezuelan oil coming out, and I feel like it’ll go up (somewhat) during this week

icydragon_12

Not particularly honestly. We saw the latest settlement with NM was $2.4bn legal accrual = 80 cents/sh to META. You'll see some headline numbers that the damages to META could be $1.4tn. That will never happen. that's the entire enterprise value of the company. The BP oil spill was probably the most heinous corporate act of the century, they were fined $20bn. This would be an absolute upper bound for what META could be fined in reality, if the entire world decided to turn on them with the same vigor as it did when BP spilled a fuckload of oil into public waters. $20bn to META is \~$6.55/sh post tax, or 1.2% of the current share price. But.. I do not believe that addictive apps will be treated the same way in court as the worst oil spill in history.

Sagronym

No it is not QE. The Treasury changes very long maturity debt into short maturity debt, by buying up some of the long maturity with new debt having shorter maturitiy. That increases liquidity in the long maturity bonds (which were ailing from a lack of demand hence prices falling -yield increasing) AND it may save say 100-120BP interest payment. Now comes the price: The Gov had already increased shelling out short maturity more and more (already Yellen) and now Bessent does more and more of it. Means the amount of debt to be payed back short term increases and increases - maturity wall gets higher in the near future. So pressure will mount in the next years on Dollar and interest rates (all) because the Gov has to increase the debt quicker (to pay back the more shorter bonds) . Kind of cosmetic operation to make interest rates look nicer to the constituent - but with a price tag. If you do that with your private debt without expecting a substantial heritage or sale of house or similar in the next years it would be a sign of desperation and increase your insolvency risk.

Sagronym

The Treasury changes very long maturity debt into short maturity debt, by buying up some of the long maturity with new debt having shorter maturitiy. That increases liquidity in the long maturity bonds (which were ailing from a lack of demand hence prices falling -yield increasing) AND it may save say 100-120BP interest payment. Now comes the price: The Gov had already increased shelling out short maturity more and more (already Yellen) and now Bessent does more and more of it. Means the amount of debt to be payed back short term increases and increases - maturity wall gets higher in the near future. So pressure will mount in the next years on Dollar and interest rates (all) because the Gov has to increase the debt quicker (to pay back the more shorter bonds) . Kind of cosmetic operation to make interest rates look nicer to the constituent - but with a price tag. If you do that with your private debt without expecting a substantial heritage or sale of house or similar in the next years it would be a sign of desperation and increase your insolvency risk.

Sagronym

The Treasury changes very long maturity debt into short maturity debt, by buying up some of the long maturity with new debt haning shorter maturitiy. That increases liquidity in long maturity bond (which were ailing from leck of demand hence prices falling -yield increasing) AND it may save say 100-120BP interest payment. Now comes the price: The Gov had already increased shelling out short maturity more and more (already Yellen) and now Bessent does more and more of it. Means the amount of debt to be payed back short term (next year) increases and increases - maturity wall gets higher. So pressure will mout in the next year on Dollar and interest rates (all) because the Gov has to increase the debt quicker (to pay back the more shorter bonds) . If you do that with your private debt without expecting a substantial heritage or sale of house or similar in the next years it would be a sign of desperation and increase your insolvency risk.

Deathsquad710

You are using intraday BP for futures?

No-Refrigerator-6330

I’ve been thinking about this, Russian oil economy is fucked due to sanctions and conflict. Hormuz and gulf states are also fucked. What other major oil producer is there other than the US? I’ll give you BP and shell which I believe are UK. this sucks for every consumer, but not for specifically US oil producers

PrinceRakeem69

im the only one that stuck my neck out for BP i think all those fish in the ocean deserved to die

cwalking2

Or it might be like the [2010 Horizon Deepwater spill](https://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill) which cost BP an estimated $71 billion, with direct payments exceeding $50 billion USD: * Cleanup and Response: Over $14 billion * Federal and State Settlements: A record $20.8 billion * Criminal & Civil Penalties: Paid $4 billion in criminal resolutions (and billions more under the Clean Water Act) * Economic & Private Claims: Allocated more than $14 billion total for individual and business compensation claims

Ok_Cry7572

I been on this type of diet for the last or so and been feeling healthy and everything. I even check my BP weekly and it's perfect, my blood glucose also dropped in my blood test

btsd_

The long term success sellers i know do weekly ICs on SPX and have set in stone strategies on when and where to hedge using any/all of the following: adding extra longs, scalping in/out of any of the 4 legs, and trading /ES. Also knowing when to close a position early is a huge skill. It takes a decent amount of BP as you have to have enough left to hedge with. Depending on the week, it can be 0 management, or hours a day.

ThetaEdgeHQ

The leverage you are seeing is real on entry, but the beta weighted delta is flattering it more than you think. A 5 wide ATM debit spread only carries that 3.14 delta instantaneously at the money. As price moves toward either strike the delta collapses toward zero because the short leg catches up, so that SPY equivalent notional is a snapshot, not a stable exposure you actually hold to expiration. So the 10 to 1 is leverage on notional, not on expected return. Your value is capped at 250 and you are paying theta the whole time to rent that delta, and it decays fastest while price sits near the middle of the spread. If you want an honest efficiency number for sizing, reward to risk times the probability of the spread finishing where you need it tells you far more than beta weighted delta over buying power. The BP figure makes every ATM vertical look like a rocket because it ignores the capped payoff and the decay you are financing to get there.

-sakuranbo

Really annoying when a put you sold takes up a chunk of BP and its already worthless not paying you $0.65 to close this, Schwab

syKonaut

Sounds about right as gas prices at the local Circle K's jumped from $3.49 to $4.49 in the middle of the day today while some other stations (like BP) stayed at $3.49 but will most likely make the jump tomorrw.

sport912x

Looks scary and using tying up 15k not the greatest move, but not that bad. Look up calendar. You can Sell OTM Calls and use the LONG Calls you bought BP . So every month or so Sell OTM Calls , like a 15 delta. Right now a 400Call 18Sep shows 2.50. When it goes down to 1.25 Roll or close for the next month. You might want to use 10delta as a safer . After doing this 3 times you should be ahead , just be use never closer than a 15 delta (some would say 30delta not me) . If tested try roll the test call (buy back the tested call and sell one further out at a higher strike , try to collect a small credit). While this may seem like Rocket science now, it only requires an 80IQ. Go to Tasty and search Calendar first. [https://www.tastylive.com/concepts-strategies/calendar-spread](https://www.tastylive.com/concepts-strategies/calendar-spread)

Junior_Inflation8991

My BP is like 127 on steroids ur fried bro

Weak-Pomegranate-435

Who said all of my BP is locked up? Its just 3% of my port. See, u r just making too many assumptions

Dry-Fun6429

If only all your BP wasn’t locked up. You could’ve actually made a good trade this past week

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!