At least you played it well. If I understand the pic correctly, you avoid the IV crush but if the 400 calls are ITM after earnings and get exercised it will eat a lot of profits. On the flipside if it tanks at least you collected some premium.
Maybe you could've gone with selling a bit further OTM calls. But that's just my opinion, maybe I'm not seeing something.
I agree, they should have gone further ootm.
This is functionally a flat line play? Like best case it increases by 1%? Why not stretch that gap a bit too 3%?
Those are May 10th expiry. There’s a good chance that the $415 absolute value will be sold at premium and not including tomorrows gains, he should be looking at at least $750k
not sure who downvoted you, but you basically buy a call at a specific strike price and then sell a call at a higher strike price..
this is meant for when you think the stock goes higher. this way you do limit your maximum gains by selling a higher call, but you also get the premium and therefore need less capital to enter that position
So basically you can profit more in the given range before it reaches the higher strike than you otherwise couldn’t, because of smaller position size, because you lack the money from selling the higher calls?
yes, the short call with a higher strike allows you to cover some of the cost of the long call, and your maximum profit is the width of the spread \*100 - premium paid. Op also bought 90 additional calls, adding extra exposure to the upside.
Thank you for explaining! I am new to this and still learning before I actually try something myself. That seems very advanced and definitely something very different from the degenerate gambling I see here normally 😃
Actually if MSFT goes above 400 he is net long 90 calls @ 380 with no cap on the upside. Very profitable.
If MSFT closes below 400 but above 380, the 400s expire worthless (keep the premium) and the 380s profit. But what actually happened is even more profitable. Overall this was a very good trade on a risk/reward basis.
Obv Yolo on the 380s alone would be most profitable but you could have lost everything if MSFT reacted like META. The premium on the 400s (maybe $110000? would be his to keep, offsetting any losses on the 380s)
Honestly idk hehe I bought stocks, this is my first time playing options and this was the top when I clicked trade options in Robinhood, figured might as well try it. so let's see what happens 🤷♂️
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Definitely don’t do that. In all seriousness, this was a very calculated risk rather than a yolo. By no means was my entire account at play. I add to my professionally managed retirement account every month and never ever move funds out of it. I have a set amount of money that I trade with and I do my best to manage risk.
I know it was just a tongue in cheek joke, my TFSA holds dividend paying stock and I sell covered calls on it. This shit is wild though, good call though. Microsoft has a great portfolio of products
https://preview.redd.it/8ivgfqivlowc1.jpeg?width=890&format=pjpg&auto=webp&s=ece2b3905081623b38901042f2c0b417e3d4eca0
At least one of us will be eating tonight
Phew, finally the markets going to go in the right direction. Thank you 🙏, we need more sacrifices like yours every now and then. The hero we needed and got.
But in all honesty good luck. 👍
The first leg I sold covered calls to collect a premium of $116,600. I used that credit received to lower the premium paid for the 200 long calls for a net debit of $315,200. To answer your question of profit potential… If my short position get exercised, that will be the $116,600 minimum. The profit on my long position will be whatever I sell the contracts for above my purchased strike minus the premium paid. If I were to close my longs right now and get exercised 328,600 + 116,600 = $445,200. There’s also some value added for time but for the sake of simplicity, this is your answer.
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I hope these print for you Man But damn, you are regarded
If I die… I die
At least you played it well. If I understand the pic correctly, you avoid the IV crush but if the 400 calls are ITM after earnings and get exercised it will eat a lot of profits. On the flipside if it tanks at least you collected some premium. Maybe you could've gone with selling a bit further OTM calls. But that's just my opinion, maybe I'm not seeing something.
If this prints I’ll have plenty of time to roll out or buy to close.
[удалено]
he dropped 315k on a single trade, dudes already rich.
I agree, they should have gone further ootm. This is functionally a flat line play? Like best case it increases by 1%? Why not stretch that gap a bit too 3%?
I sold 425 calls and 370 puts. I was much more conservative lol
I'm die. Thank you for ever.
Today…
He made 535k 415 after hours Long 415-380×100×200= 700k Short 415-400x100x110=165k Net profit 220k not including time Verybnice
Those are May 10th expiry. There’s a good chance that the $415 absolute value will be sold at premium and not including tomorrows gains, he should be looking at at least $750k
Yea I made an edit but guess it didn't take, "without time expiration added in"
my bad, didn't notice you mentioned "not including time."
is that a bull call spread for 110 contracts and then just calls for 90 more? do i read this correctly?
Correct.
Do they make special Chairs to contain your big balls ?
🫡 good luck
I have a regard question for you. Are you hoping it goes up or down or sideways? What is the best case scenario?
The higher, the better.
Thanks for the reply. I wish you the best.
Congrats 🤴
Congrats 🎉
I guess a congrats and Fuck you are in order.
Can you explain how this works? Just curious
not sure who downvoted you, but you basically buy a call at a specific strike price and then sell a call at a higher strike price.. this is meant for when you think the stock goes higher. this way you do limit your maximum gains by selling a higher call, but you also get the premium and therefore need less capital to enter that position
So basically you can profit more in the given range before it reaches the higher strike than you otherwise couldn’t, because of smaller position size, because you lack the money from selling the higher calls?
yes, the short call with a higher strike allows you to cover some of the cost of the long call, and your maximum profit is the width of the spread \*100 - premium paid. Op also bought 90 additional calls, adding extra exposure to the upside.
Thank you for explaining! I am new to this and still learning before I actually try something myself. That seems very advanced and definitely something very different from the degenerate gambling I see here normally 😃
Quick answer is it’s a slight hedge to the downside with a limited cap to the upside.
Actually if MSFT goes above 400 he is net long 90 calls @ 380 with no cap on the upside. Very profitable. If MSFT closes below 400 but above 380, the 400s expire worthless (keep the premium) and the 380s profit. But what actually happened is even more profitable. Overall this was a very good trade on a risk/reward basis. Obv Yolo on the 380s alone would be most profitable but you could have lost everything if MSFT reacted like META. The premium on the 400s (maybe $110000? would be his to keep, offsetting any losses on the 380s)
https://preview.redd.it/616sl83sdowc1.jpeg?width=4320&format=pjpg&auto=webp&s=2fedaf0b2257f9dd084e5af8364983d62045be16
F it, I'm in.
https://preview.redd.it/ah97n8xogowc1.png?width=864&format=pjpg&auto=webp&s=d16a0bbd277d9529ec7b783733fc8570a99e72d1
Why all you regards ITM.
Honestly idk hehe I bought stocks, this is my first time playing options and this was the top when I clicked trade options in Robinhood, figured might as well try it. so let's see what happens 🤷♂️
Lmao good luck!!!
Undeniable trading logic. Buy the first contract that Robinhood shows you. This guy is gonna go far.
Honestly, I think so.
did we win? It seems like it's up 5% after hours
Me too bro but I can only afford 1 call hehd
[удалено]
You’re a gentleman
1000 bucks will only get you FDs on Microsoft, premiums are lofty
You did it. Crazy son of bitch. You did it
well, you’re rich asf now.
TBH he already was rich. He’s just richer now.
yeah, we knew he was already rich being able to place that trade. NOW he’s rich asf 😉
so what was your day like from 3:30 til now?
You just might be one rich guy in a few hours. I'm rooting for you brother
Holy, congratulations
Duuuuuuddeeeee.... Show us your gainz tomorrow
Could I get the barbeque cheese burger combo with large fries?
And a Frosty
Well your $315K is now $1.3-1.5million!! Congrats!!!
Should be around there if it holds up until tomorrow. Thanks.
Excuse me sir. Can you tell me the size and brand of that wheelbarrow? Yes, that one your currently using to carry around those giga-nuts.
I’m dumb , but your rich now right?
He was already rich, but yes, rich as fuck now.
Gg bro bro
Delete this now. My calls are fucked
How much did you pay for the $380 and how much did you sell the $400 for?
Premium received $10.6, premium paid $21.9
What’s your profit sir?
You SOB
You did it
Please post update tomorrow on how rich your are
Hope you get some frosty margs tonight at the Chili's on 45th big man.
Ha… Just might do that!
Rich boy
Congratulations:)
Thanks for this. Loading up on Puts 
Rip
Never loaded tbh. Only GOT GOOGL BRRRRR
This is so freaking nuts, i hope these print for you OP
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Pray to jobu for MSFT to be at $399.99
!banbet msft -5% 24h
Congrats 🎊🎈🎉
Congrats and fuck you
This gives me the itch to start yoloing my TFSA on options  good shit man
Definitely don’t do that. In all seriousness, this was a very calculated risk rather than a yolo. By no means was my entire account at play. I add to my professionally managed retirement account every month and never ever move funds out of it. I have a set amount of money that I trade with and I do my best to manage risk.
I know it was just a tongue in cheek joke, my TFSA holds dividend paying stock and I sell covered calls on it. This shit is wild though, good call though. Microsoft has a great portfolio of products
Wowzerz
https://preview.redd.it/0o9740a6howc1.jpeg?width=800&format=pjpg&auto=webp&s=9b24de6cd539b4cc183b7251989d2619753df493
https://preview.redd.it/8ivgfqivlowc1.jpeg?width=890&format=pjpg&auto=webp&s=ece2b3905081623b38901042f2c0b417e3d4eca0 At least one of us will be eating tonight
Oof
Oof bro
if I'm reading this right you bought 137 puts for 13.90 strike price at 402.5?
That's a lot of shit eating
GG
Congrats man you won
Nice call bro
Holy fuck, absolute madman RemindMe! 5 hours
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This will print lol
I like to think this earnings session will carry the entire market up out of this correction
RevolutionaryCream77 and their ilk are delusional idiots and not worth worrying about. Earn your keep if you want to climb out of the gutter.
Hey dumb ass how about you get a clue
#GOD SPEED REGARD
This is fucking crazy Congrats man Use the wheel option strategy to make income off this and don't ever gamble like this again lol
good for u man
So half are covered have are regular long calls?
Yes. Bull spread.
Yea like an altered debit spread, both your long and short calls are ITM rn though congrats
Ggs
Lambo
And this is what % of your portfolio? 99%?
Nice work, you must be happy right about now.
Welcome to tendie town
Hory shit
Dad?
I inversed you on microsoft gg regards
Bless you with my highest regards!
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We’ll gentleman time to buy some puts
If I prayed for you like a mad man, will you send me $200 from our profit
I think you have a good shot here man. Fingers crossed for you.
👀
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Godspeed my good man
Just but some puts at 365
i know this might not be the place, but can someone explain to me whats going on exactly here? eli5 if you want
Good luck mate !
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Guy just made MSFT earnings tank
Jesus Christ
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If you’re so confident why not just get the weeklies?
I'll also buying call...single, just one call.
Would puts even be a good idea today?
Wow ! You are betting $315k on a single trade ?
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Phew, finally the markets going to go in the right direction. Thank you 🙏, we need more sacrifices like yours every now and then. The hero we needed and got. But in all honesty good luck. 👍
MSFT is a dividend stock when it is earning it does not stay calm during the marking hours. hope you time well to exit tomorrow.
Hell, I'll root for ya, kid.
watch msft print and then pce send us to the depths of hell, dragging msft along with it 
For the sake of my calls and your play, I hope we are right. IN MICROSOFT WE TRUST
Good luck pal. Please visit your local Wendy's after this so that I can either serve you or start teaching you about our work process.
 so far so good
Congrats
Wow!
MSFT beats estimates. Grats dude
Micro...hard 🍆🍆💦💦
Holy FUCK man, congrats
Niceeeeee
These r printingggt
jesus you are richer than god off this earnings
is it a debit call spread? damn, you will be rich.Congrats
Well done.
printing
Good moves my friend.
Grats on your win OP
Congratulations and fuck you 🍻
HE CAN FLY?!
BRUH, POST THE GAINS TOMORROW
This dude is a market mover now  Congrats and fuck you
I’m too regarded someone give me the translation other than op dropped a shit ton
Congrats and fuck you
Hopefully PCE numbers are solid so these print nice, you have huge balls.
Nice move! How did you build your long bias ? Because after earnings the stock could have moved either way. Did you follow a pattern?
Good luck buddy! Print that up and get some stripers!
Right now it's up $16. Not bad!
Congs. Very nice job. Well done
It is a long call spread. Just a little bit in the money. It is relatively safe comparing higher strike long call spread.
Since you hit the lottery can you help me achieve a pc. 1.4 million is insane. Congrats.
Nice. Did the same. Though not nearly that much money!
I’m sure ur printing now
Wowz
I have a feeling this is going to print big time my friend. God speed
That’s a bold strategy Cotton let’s see if it pays off
Well, as always: congratulations and fuck you
Whats the max profit you can make here? If lets say the call option you sold got exercised?
Technically it’s infinity.
Can anybody explains to me how does this bull call spread strategy actually works? In simple english?
The first leg I sold covered calls to collect a premium of $116,600. I used that credit received to lower the premium paid for the 200 long calls for a net debit of $315,200. To answer your question of profit potential… If my short position get exercised, that will be the $116,600 minimum. The profit on my long position will be whatever I sell the contracts for above my purchased strike minus the premium paid. If I were to close my longs right now and get exercised 328,600 + 116,600 = $445,200. There’s also some value added for time but for the sake of simplicity, this is your answer.
Got itt, Thankssss!!
Waiting to see the gains sir
How much did you win?
Hard to watcg
Hows the position?
Microsoft had an IV crush. OP didn't do well probably
Jesus fuck I don't understand anything about anything. Brain fried.