DEXTER

DEFi-Enthusiasts

[DEXTER @XMADEMEN]

@lexyy4real @WF_Sunky We’re u papa

[Ozor Ndi Ozor @OzorNdiOzor]

“Our soldiers, they tell us say they no get sophisticated weapons and they no get order to shoot.”

“If he reach where Chief of Naval Staff go act, him they fear. He reach where Chief of Air Staff go act, him they fear. He reach where Chief of Army Staff go act, him they fear. He reach where Inspector General of Police go act, him they fear. He reach where Chief of Defense Staff, the oga of them all go act, him they fear. Now, that one no be the end. Who them they fear?”

Full transcript👇🏽:

[DEXTER @XMADEMEN]

@HAHayatu lol have ever left the shores of Nigeria? 🇳🇬

Should do before commenting please

[DEXTER @XMADEMEN]

@Waspapping_ What do you mean by “banditry will not stop “?
@OfficialDSSNG please pick him and kill him thank you

[Isaac O. @theisaacola]

This Friday, the largest IPO in history goes live. SpaceX lists at $135 a share. Most Nigerians can’t buy at that price. But here is exactly how to get in after it opens.

[David Hundeyin @DavidHundeyin]

The documentary that has had the very worst people on the entire continent of Africa hollering like dogs since the trailer came out 2 weeks ago.

Available here in full:

[Mimi @Mimi_yakigar]

Listen up.

The UK may soon face pressure to rethink parts of its immigration policy. Care worker visas have dropped from 108,000 at their peak to just 1,400 today: a decline of nearly 99%.

If labour shortages continue to worsen, the consequences will be felt across the care sector and beyond. #Uk #Immigration #careworkers #atruthatatime

[DEXTER @XMADEMEN]

@Umiom @OgarEmmaOwogeka @iamnasboi 1 week is too much I will get his exact work/home address.

[DEXTER @XMADEMEN]

@Optimistic_Ade Ade just want his member to be in that poverty state forever so there can be manipulating them and be collecting thier offerings 😂😂

[DEXTER @XMADEMEN]

@Adesam_Samu @ProfessorKay01 @NigeriaStories But it’s thier job to collect offerings and pray for terrorist Abi ,

You are very daft compared to who gave birth to you .

[DEXTER @XMADEMEN]

@msmocrown The same template there(APC) used on good luck Jonathan.

[DEXTER @XMADEMEN]

@GhostFa77254400 Big foool.

[DEXTER @XMADEMEN]

@woye1 @seyimakinde So we should all wait for our children to be killed before there approves forest guards?

[DEXTER @XMADEMEN]

@instablog9ja Now imagine bandits now kill all this idiots here , think 💭 the next batch to visit there will be armed military men as soposed

[DEXTER @XMADEMEN]

@Jenny_1884 lol 😂 you want the white able men to burn 🔥 down the country?

[DEXTER @XMADEMEN]

@arasmarty @davido lol I no really blame South Africa 🇿🇦, even me no wish to leave with animals like Una ,GODforbid

Uneducated lousy stupid set of animals call Nigerians , so an ordinary citizen should tell a sitting president to fvkk off ,

Una deserve worst than Tinibu

[DEXTER @XMADEMEN]

@boytv_cartoon At this point if angry Nigerians c u der go kpai you

[Ewgi @Ssaasquatch]

US
$HIMS- 20% (Mix of spots and calls)
$SOFI- 10% (Mix of spots and calls)
$ONDS- 10%
$RCAT- 8%
$UMAC- 7%
$RKLB- 2%
$PUSA- <1%
Cash (Dry powder) - 43% ish

Nigeria
Zenith- 60%
GTB- 20%
MTN-20%

Crypto
$ZEC - 50%
$HYPE- 20%
Stables- 30%

Metals
Copper- 80%
Gold- 20%

Indexes
S&P - 50%
QQQ- 30%
SMH- 10%
ILF- 10%

That’s about it.

[Toby @TomolaGroup]

Solid breakdown by @Ssaasquatch , but let me simplify it properly for any Nigerian reading this and feeling lost.

LEAPS stands for Long-term Equity Anticipation Securities. In simple words, they are special contracts on the US stock market that give you the right to buy a stock at a fixed price in the future, usually within 1 to 3 years.

Here’s how it works.

Imagine a stock is trading at $10. You strongly believe it will rise to $20 within a year. You have two options.

Option 1: Buy 100 shares outright. That costs you $1,000 (around ₦1.37 million). If the stock doubles to $20, your shares are now worth $2,000. You make $1,000 profit.

Option 2: Buy a LEAPS contract instead. Instead of paying $1,000, you pay a smaller amount (called a “premium”) to control those same 100 shares. For example, you might pay $300 (around ₦410,000) for one contract.

If the stock doubles to $20, your contract becomes far more valuable. The same $300 can grow to $900 or more (around ₦1.23 million). That’s a 3x return on your money, compared to only doubling if you bought the shares outright.

This is the power of options. You control the same shares with less money, so any gain is multiplied.

But here is the catch. If the stock does not move higher before the contract expires, the contract can become worthless. You can lose every single kobo of that $300.

So it is leverage. More upside, more downside.

For any Nigerian considering this, here are the realities you must know.

LEAPS only exist on the US market. The Nigerian Exchange does not have an options market for retail investors.

Local Nigerian platforms like Bamboo, Trove, Risevest and Chaka do not offer options trading. They only let you buy and hold US stocks.

To trade actual options, you need a global broker like Interactive Brokers, which accepts Nigerian residents but has more strict requirements.

This is not for beginners. Options trading is one of the fastest ways to lose money if you don’t understand it. Even @Ssaasquatch himself said he risks only 10 to 20% of his portfolio on these bets.

For most Nigerians, the smarter move is to first master regular investing on the NGX. Build the discipline. Understand how companies make money. Then later, if you ever decide to explore options, you will not be flying blind.

Knowledge is the real edge. Not the strategy.

[Ewgi @Ssaasquatch]

Haven’t shared this before, but a lot of people ask me how I do it, so here goes:

Long-dated options, or LEAPS, are a powerful way to aggressively compound portfolio gains if you have high conviction about the future price of a stock. I have personally made a lot of money doing this. Yes it works!

LEAPS gives you opportunity to control at least 100 shares of a stock without owning them. I use this mostly for swing trades I plan to dump in <1 year or two. No point doing this for long term holds.

Eg: A stock trades at $10 and you believe it can hit $20 within a year, Instead of spending $1,000 to buy 100 shares, you buy 3 call contracts with $11 strike (will explain this later), expiring roughly a year from now. Some people do short dated ones too. That’s fine as look as it’s not too short. You need time for your thesis to play out. Avoid ODTEs if you know what’s good for you except you’re an idiot.

Assume premium is say $3 per share? Each contract would cost: $3 x 100 = $300. 3 contracts would cost: $300 x 3 = $900. Total cost = $900

Now suppose the stock doubles to $20 in one year, just as you projected.

Each contract is now worth:

($20 - $11) x 100 = $900. Meaning 3 contracts you bought would be worth $2700

Summary:
Initial cost: $900
Final value: $2700
Profit: $1800

Assuming you bought the stock outright:
100 shares at $10= $1k. If the stock goes to $20, your shares are worth $2k. Profit: $1k.
In other words, LEAPS compounded your returns with lesser capital and vice versa.

Are there risks involved ? Of course. A lot of risk.

If the stock does not rerate meaningfully higher, you can lose most or all of your capital.

A wise man once said, “Leverage is for idiots.” and he wasn’t exactly wrong.

This isn’t something you YOLO, and definitely not with a large chunk of your port. I personally never risk more than 10% of my port (Okay fine, I’m lying. It goes as high as 20% sometimes)

You only use LEAPS when your conviction is extremely high and you believe the stock can rerate aggressively to the upside.

Now here’s the real alpha:

How do you manage risk and find the right stock for this kind of bet?

This is the filter that has consistently worked for me:

1. I like beaten down assets with improving business margins ie Growing revs & bottom line, positive or improving EBITDA (adj), and a low D/E ratio.

On the technical side, the stock should be trading within say 10% of their 52-week low, RSI below 40, and sitting on key support across all long timeframes.

The goal is to always find a mispriced asset, not to catch a falling knife.

2. Buy around 10% OTM strikes ie If a stock is at $10, I’m looking around the $11 strike.

That way, the stock only needs to move above the strike plus the premium paid for the trade to become profitable. If you buy very far OTM strikes, you can still lose money even if the stock moves meaningfully higher. This is essentially baba ijebu.

3. Theres no point holding the contract into the final 60 days unless it is already deep ITM and you are comfortably profitable. Read up about something called thetas and option decays.
At that point, either sell it, roll it, convert to shares, or take the loss on the chin. You live to fight another day.

4. Only buy LEAPS when implied volatility is low cos Low IV = cheaper premium. Thats when LEAPS make the most sense cos you don’t want to overpay for optionality, then be directionally right and still get hurt cos IV compresses.

My current LEAPS:

$HIMS
$SOFI

As always, This is not financial advice. Just sharing what works for me.

There are tons of tutorials on YouTube that explain the mechanics better, but take this as a primer.

You’re welcome :)