Here is a link to sign up for the PDF of the labor of love
@TraderMikeyB
@TraderKatie
and I put together - our full
@tastyliveshow
strategy guide! All the strategies visualized with written content on management and adjustments!
Got some nice emails today and some not so nice emails.
Just to be completely clear to all of you.
tastytrade and tastyworks will always do anything in our power to support the retail trading community.
@stoolpresidente
Davey come on over to
@thetastyworks
, we welcome you with open arms. I'd love to teach you about options too, it will open up a whole new ballgame for you!
Robinhood now restricting $BYND and $SBUX. WTF?
Why are you all still dealing with this shit?
Come on over and join the real disruptors in the brokerage industry
Honestly this has been thee craziest week of my life. I appreciate all the people who supported us along the way, the good a and the bad feedback, its been the backbone of change at this company. We care, and you matter.
Some Math:
I made this hand dandy 💎 handsy spreadsheet of just home much
@thetastyworks
capped commissions could save you on 1
#Bitcoin
right now compared to coinbase at 1.5%
5.9% AINT NO JOKE WHEN WE TALKING STACKS AND SATS
Please don't trade short calls in $NKLA, barrow rate is 700% if you get assigned its $125 per lot per day just to hold it and will be a pain getting out. If you want to short it buy puts or put spreads. Instead of short call spreads OTM buy the ITM long put spread
Me and my princess, from last year, imagine us slinging futures together. Don’t make either case or Katie jealous by tagging them In this tweet that would be unfortunate
At a certain point we have to balance social issues with economic issues. Maybe allow healthy people to go out and rejuvenate business? Old/at risk stay quarantined? We can’t destroy our economy over this.
Ok $T is a super boring stock, back to flat after 10 years! But boy, with a pretty high dividend and basically a $10 +/-15% from say $36, range over 10y, a 1 lot covered strangle would use around 2k in BP... is this the most boring free money of all time?
Basic understanding of what long/short puts & calls are and extrinsic vs intrinsic value is all you need to know. That’s it. That’s the sauce. Nobody knows where XYZ will be tomorrow or the next day but u can play it how u want if u get the basics.
Quick update:
survived day 1. Electric/water still running
Pizza ration is working as planned. 2 pizzas are enough for 2days. Cold pizza for breakfast
Bowel movements are solid. Toilet paper is 2ply. Running out of good fiber
Booze storage is low but manageable.
Praise be.
What an incredible week in the markets. Historic. I hope everyone made it out, still able to open those doors Monday. Lots of opportunity out there, keep size in check and enjoy the ride volatility is not done yet! Good luck to all keep the probabilities on your side
Thank you all for the birthday wishes. It’s a beautiful thing to have a community of good people and friends even if we have never met In person. Also I got recognized and fan boy’d at the airport in front of my girlfriend so it’s FULL MOON YALL!
@tastytrade
@Tony_BATtista
Tonight’s
@thetastyworks
update is a big one! Annotations on the charts for those looking to add their own notes when opening a position. Continuous fires charting as well. Great job by the team!
Our clearing firm, Apex, has lifted the closing only status on the following symbols: AMC, GME, and KOSS. You should now be able to place both opening and closing transactions in all three symbols once again.
Any presidential candidate should have to run an 8min mile or be disqualified. Watching that race in silence would hold more substance than what i just watched
Global pandemic
Tensions with china
20% unemployment
Murder hornets
Cities burning to the ground
At this point what catalyst exists that could keep the stonks from ATH?
If you account for the inflation this year the $600 is really $480
Thanks for playing plebs you can’t even buy 1 share of $TSLA but you can yolo the 1000 calls for next week like 10x
Tom told everyone but
@TraderKatie
,
@tastytraderMike
and I to stay home today.
Plus side?
Our lunch order is for 50 people. Gonna have 10 days worth of perogies in my bunker
Got enough flour and yeast today at the store to make pizza for the next 6 days. That’s how you yolo folks. If I’m gonna die it’s gonna be eating pizza and drinking whiskey
ATTENTION
@tastytrade
and tastynation if there is anything you wanted from Tom, TODAY is the day to ask for it. I'm going for the $TSLA but will settle for the Porsche!
@Tony_BATtista
The real change from this whole situation is now EVERYONE is involved in the markets. More liquidity, more volatility, and more risks and more rewards. Its beautiful
Tomorrow we get FED jawboning, Q1 GDP numbers, $GOOGL up $110 after earnings, $BA earnings before the open, $TSLA, $FB, $MSFT earnings after the close with jobless report Thursday and $AMZN and $AAPL earnings closing the week. WOWZA
I feel like such a boss buying some /MNQ at 9383 and selling it at 9433 for a nice scoopy scoopy
Then i realize all my gainz are burned on degenerately trading futures through the overnight fuckery so i'll start my "no more trading futures" tomorrow, again
Closed my $AMZN crab trade for 9.45cr home run after earnings. Boarding a flight and won’t be able to post to the follow page until Monday so here is your notice!
Happy
#FathersDay
to all our
#tastyliveshow
dads! Special shoutout to our favorite trading dads, Tom &
@Tony_BATtista
, who teach us the art of the market and remind us never to underestimate the power of a good dad joke. May your day be filled with joy, laughter, & appreciation!
This was a really good segment to explain skew and why ATM call options are so juicy right now. Also you can see me wave my hands around like a music conductor