*I can’t find the other two trades to link, this is the last leg so here’s the context:

On Wednesday I made this crazy ADBE options trade ER play. I bought a 500 call and sold a 520 call.

Basically regret minimization - i didn’t want to be mad if ADBE went way up, so I bought a debit call $500/520 spread, max gain $2000, willing to risk the whole $500 (what I paid).

But that’s not the crazy part. The crazy part is ER is tonight and the calls expired tomorrow. I try to avoid short dates calls because I don’t like to have to make decisions in one day. And some things need time to play out. But I liked the spread and the price, so I decided to do this as an experiment and learning experience.

And then at the last minute (between work sessions at 3:15pm) I rolled the 500 call to 525 for July. But left the other one alone. I have no idea if this was the right move or what I’ll do tomorrow lol.

Let me know if you have any suggestions! 😁

ps- so grateful for commonstock where I can embarrass myself in front of everyone 😂

I have a robinhood account* that I play around in and they just gave me more “buying power.”

I don’t remember asking for the margin, though maybe I did, or agreed to something or whatever. But it just popped up on the screen as “buying power.” If I didn’t do the math it’d be easy to think it was just my money, ie cash money, not the ‘ability to borrow‘.

I guesss it’s sort of like a credit card that keeps raising your limit… you don’t have to use it (and hopefully you don’t!). And I never mind if credit cards raise my limit.

But it’s not like a credit card, in part because of shady labeling - calling out Robinhood on the UI maybe, but the whole industry on the verbiage - borrowing money with interest should be associated with the word “limit” not “power.” 🤨

*trying to link this account to commonstock but having technical difficulties, along with other technical difficulties with the iPhone app (yes, latest version) :(

Whispers of PYPL option flow a few days ago, was thinking about it. Seemed to show relative strength today, including at end of day.

Loving vertical debit spreads lately, so paired this with selling an 85c. Went out long to give it time to dance.

So I’m at a liquor store in NJ on Christmas Eve (don’t ask)

And I see this

I’m obviously confused, and what I discover, directly to the right of the door when I walk in, is this

I don’t know if commonstock supports video, but that’s a live ticker feed on the bottom of the screen. Also, as circled, apparently, you can insert cash.

I don’t know what exactly this machine does. I did not try to use it, although in retrospect I wish I had. And I have not done any more investigating.

But my mind is blown.

Then, in the back corner of the store, there is this

which I think is a machine people used to use for something called cash 😜

Woah everyone on Twitter coming here

👀 @10kdiver 😊

Welcome

Also sold premium bought back. Didn’t do much to ease the overall delta positive position but maybe a little bit

Personally, feeling a bit traumatized by some of the price action in stocks, and the speed of moves.

I definitely did some anger-selling today, of the “I like you but can’t look at you” variety. Almost at random, really poor form. Impulsive and not advised. But that’s what happens when I have no plan and can’t pay close enough attention to make one. Examples $NET $FUBO

I also did some anger-stop-loss-setting, which was maybe more reasonable, but didn’t feel as good in the moment.

The way I balanced it out (psychologically) was to add a little bit to other positions, but this was little more thought out than the rest. Examples $U $SI

I could lay out a “rationale” for each of these, but it’s debatable how much of that would be post-hoc

T__o _be _continued…n__o _draft_ butto__n _and_ bab__y _just _home _from __ _school, s__o _posting_ mid-thought __

Sold premium, bought back… this whole options on commonstock thing is a little scary! But I hope will make me a better trader/investor

Still having trouble processing.

I made a donation… then some master villain outbid us on the constitution… and now these tokens are doing what…? and that same master villain… WOW and the connection to the WSB / GameStop saga 🤯

2021 is funcertain times for sure.

From 45 min ago (?)

Who knows what’s happening now

Packy ❤️

Funny

Random collection ;)



Is this like a retweet function? 😁

https://commonstock.com/memo/5475eb71-27c1-406b-9d0c-4cd2a4581e10 by @gritcapital