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AramisFR t1_iy3ekw0 wrote

Looks like a creative way to advertise for the use of these gambling platforms

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Efficient-Radish8243 t1_iy3fj9b wrote

It’s only a good advert if someone has 150k spare and enough knowledge about this to make it work

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trippd6 t1_iy3fnxx wrote

I did this before. When done correctly options are not gambling. He is effectively providing liquidity. In some ways selling options to the gamblers.

Options are very complicated. I took a lot of training and did what this guy does. It wasn’t for me, but if done correctly, like this guy is doing, is very safe, and low risk. All the risk is limited through hedges that limit losses.

Over time selling options like this will make money. A bad day may wipe out a month or more of gains. But that’s a rare event, expected but rare. Over time you will make money.

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AramisFR t1_iy3ghfl wrote

Sure. You make money out of thin air and obviously no one in the banking sector is doing exactly the same, times 5000, and also with automation and extremely low latency.

Me look curve going up, me BUY, me win money.

I don't know how it is regulated in the US, but in the EU, brokers for Forex, option trading, and similar products targeting retail investors have been forced to provide data about performance for a few years. Almost 90% of accounts are in the red, consistently.

The only one consistently winning is the broker.

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trippd6 t1_iy3ic1q wrote

What you’re missing is someone sells the options to the guys at wallstreetbets. Those guys loose because they buy options. This guy is selling to them. They loose most of the time. This guy is the winner. Also this guys losses are limited. Those guys losses are not.

As someone else posted in reply, buying options is gambling. Selling is not. Well it is if not hedged. If hedged, he’s the bookie. He’s selling to the gamblers.

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danielv123 t1_iy3n0os wrote

It's like selling a spy 275p. Sure, it has almost no value, but it also has basically no risk. You'd be an idiot to buy one, but the 1c you get from selling it is a consistent win.

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trippd6 t1_iy3qbv5 wrote

Eh, bad example.

A better example is selling the call and buying a put and 250. You most likely won’t loose and when you do your losses are limited. That is why you can sell them safely. You know how much you loose if the price goes to zero. Because your loss is limited and it’s rare, you will make money.

The only way this doesn’t work is if the market goes up and down repeatedly very quickly. That won’t happen (because it will just go down and we are all hosed)

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PeKaYking t1_iy3ifvt wrote

Obviously you've never heard of firms such as Optiver, IMC etc.

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De3NA t1_iy3jte0 wrote

Those firms uses algo

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MarkVarga t1_iy3megg wrote

Which are written by some of the smartest people on the planet.

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PortGlass t1_iy3ghko wrote

But he didn’t even tell you what brokerage he was using. He mentioned no product at all.

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