SPACE ROCKET
06-05

Awesome explanation my darling sis!!  Worth a share! I'm so proud of how fast you're learning and rocking it! 😉💰🍻💖💗🔥🚀 Thank you for the great insightful breakdown of figures etc. to help others who are new to it see the light. You're Tiger's shining 🌟  ⭐️ 💫

Haha I'd love to tango with the bulls though I fear for my feet because they for sure behave like bulls in China shops 🤣😂

@Barcode：
$CLSK VERTICAL 240719 CALL 19.0/CALL 16.0$ The Bull Call Ballet: My First Option Spread Dance I just closed my position because I always like to keep a close eye on my option trades, especially when I need to head off to work. I’m happy to share that I tried this for the first time and made a clean profit of $19.82. Navigating the world of options trading can be challenging, but starting with a strategy like a Bull Call Spread can be a great way to dip your toes in. Here’s a detailed look at my very first Bull Call Spread trade on CleanSpark Inc. (CLSK). What is a Bull Call Spread? A Bull Call Spread is an options trading strategy designed to profit from a moderate rise in the price of the underlying asset. This strategy involves buying and selling call options with different strike prices but the same expiration date. The Basics: - Call Option: A contract that gives the buyer the right (but not the obligation) to buy a stock at a specified price (strike price) within a specified time period. - Strike Price: The price at which the option can be exercised. - Premium: The price you pay to buy the option. My Bull Call Spread on CLSK: 1. Buy a Call Option: - Strike Price: $16.00 - Expiration Date: July 19, 2024 - Premium: $2.40 2. Sell a Call Option: - Strike Price: $19.00 - Expiration Date: July 19, 2024 - Premium: $1.46 Why This Strategy? The Bull Call Spread is ideal for situations where you expect the stock price to rise moderately. By buying a call option at a lower strike price and selling another call option at a higher strike price, you can reduce the overall cost of entering the trade (the net premium paid). How It Works: - Net Premium Paid: The total cost of the trade is the difference between the premiums of the bought and sold options. In this case, it’s $2.40 (buy) - $1.46 (sell) = $0.94 per share. - Breakeven Point: The stock price at which you start making a profit. Here, it’s the strike price of the bought call ($16.00) plus the net premium paid ($0.94), so $16.94. - Maximum Profit: This is the difference between the strike prices of the bought and sold calls, minus the net premium paid. In this trade, it’s ($19.00 - $16.00) - $0.94 = $2.06 per share. - Maximum Loss: The most you can lose is the net premium paid if the stock price is below the lower strike price ($16.00). So, your maximum loss is $0.94 per share. Why It's a Good Strategy for Beginners: - Limited Risk: Your maximum loss is capped at the net premium paid. - Defined Profit Potential: You know the maximum profit upfront. - Lower Cost: Selling the higher strike call reduces the overall cost of the trade. Conclusion: My first Bull Call Spread trade on CLSK is a strategic way to take advantage of a moderate rise in stock price with controlled risk and potential for profit. By understanding the basics and carefully planning the trade, this strategy provides a balanced approach to options trading for beginners. Remember, options trading involves significant risk and isn’t suitable for everyone. It’s important to do your own research and consider seeking advice from a financial advisor. By starting with a well-defined strategy like a Bull Call Spread, you can build a strong foundation for understanding the complexities of options trading while managing risk effectively. The Bull Call Spread: because sometimes you need to dance with the bulls without getting trampled! Making profits with grace, not a fall, in this high-stakes financial ball!@SPACE ROCKET @TigerWire @MillionaireTiger @TigerPM @Daily_Discussion @TigerOptions @TigerPM @TigerGPT Hey Tiger GPT, if my Bull Call Spread trade were a dance move, what would it be called and why? Also, do you think it has the potential to cha-cha its way to more profits or will it two-step into a loss?
$CLSK VERTICAL 240719 CALL 19.0/CALL 16.0$ The Bull Call Ballet: My First Option Spread Dance I just closed my position because I always like to keep a close eye on my option trades, especially when I need to head off to work. I’m happy to share that I tried this for the first time and made a clean profit of $19.82. Navigating the world of options trading can be challenging, but starting with a strategy like a Bull Call Spread can be a great way to dip your toes in. Here’s a detailed look at my very first Bull Call Spread trade on CleanSpark Inc. (CLSK). What is a Bull Call Spread? A Bull Call Spread is an options trading strategy designed to profit from a moderate rise in the price of the underlying asset. This strategy involves buying and selling call options with different strike prices but the same expiration date. The Basics: - Call Option: A contract that gives the buyer the right (but not the obligation) to buy a stock at a specified price (strike price) within a specified time period. - Strike Price: The price at which the option can be exercised. - Premium: The price you pay to buy the option. My Bull Call Spread on CLSK: 1. Buy a Call Option: - Strike Price: $16.00 - Expiration Date: July 19, 2024 - Premium: $2.40 2. Sell a Call Option: - Strike Price: $19.00 - Expiration Date: July 19, 2024 - Premium: $1.46 Why This Strategy? The Bull Call Spread is ideal for situations where you expect the stock price to rise moderately. By buying a call option at a lower strike price and selling another call option at a higher strike price, you can reduce the overall cost of entering the trade (the net premium paid). How It Works: - Net Premium Paid: The total cost of the trade is the difference between the premiums of the bought and sold options. In this case, it’s $2.40 (buy) - $1.46 (sell) = $0.94 per share. - Breakeven Point: The stock price at which you start making a profit. Here, it’s the strike price of the bought call ($16.00) plus the net premium paid ($0.94), so $16.94. - Maximum Profit: This is the difference between the strike prices of the bought and sold calls, minus the net premium paid. In this trade, it’s ($19.00 - $16.00) - $0.94 = $2.06 per share. - Maximum Loss: The most you can lose is the net premium paid if the stock price is below the lower strike price ($16.00). So, your maximum loss is $0.94 per share. Why It's a Good Strategy for Beginners: - Limited Risk: Your maximum loss is capped at the net premium paid. - Defined Profit Potential: You know the maximum profit upfront. - Lower Cost: Selling the higher strike call reduces the overall cost of the trade. Conclusion: My first Bull Call Spread trade on CLSK is a strategic way to take advantage of a moderate rise in stock price with controlled risk and potential for profit. By understanding the basics and carefully planning the trade, this strategy provides a balanced approach to options trading for beginners. Remember, options trading involves significant risk and isn’t suitable for everyone. It’s important to do your own research and consider seeking advice from a financial advisor. By starting with a well-defined strategy like a Bull Call Spread, you can build a strong foundation for understanding the complexities of options trading while managing risk effectively. The Bull Call Spread: because sometimes you need to dance with the bulls without getting trampled! Making profits with grace, not a fall, in this high-stakes financial ball!@SPACE ROCKET @TigerWire @MillionaireTiger @TigerPM @Daily_Discussion @TigerOptions @TigerPM @TigerGPT Hey Tiger GPT, if my Bull Call Spread trade were a dance move, what would it be called and why? Also, do you think it has the potential to cha-cha its way to more profits or will it two-step into a loss?

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  • Tui Jude
    ·06-08
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    BC is very lucky to have you as a guiding light @SPACE ROCKET ! I’m benefiting indirectly and learning from you via BC. So I’m very lucky also. Thank you!🥰
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    • SPACE ROCKET: 
      Awww! Hopefully you earn loads of coffee money and gain financial independence soon, darling!!💰💰 You're welcome and cheers!! I'm still learning and hoping to do better too!! 🩵💙🩵💙
      06-08
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