Michael Girsback

Eternally grateful for the eternal now.

[Mario Nawfal @MarioNawfal]

🇺🇸 Now this one looks like what we always thought UFOs or UAPs would look like.

This will automatically make some people suspicious. They are not supposed to look like movie props!

[Michael Girsback @MichaelGirsback]

@MarioNawfal Send in @kurtcaz1 !!!

[Michael Girsback @MichaelGirsback]

@vulturetrades I’ve replied to multiple of your “comment X-Y-Z for DM” posts but have never gotten a single DM from you with the promised trading ideas. What gives?!?

[Michael Girsback @MichaelGirsback]

@vulturetrades Trade

[Michael Girsback @MichaelGirsback]

@vulturetrades Guide

[Michael Girsback @MichaelGirsback]

@vulturetrades Let’s go!

[Michael Girsback @MichaelGirsback]

@vulturetrades $SPY

[Michael Girsback @MichaelGirsback]

@SpaceX @Starlink Thanks for the show tonight @elonmusk and for inspiring the future generations! That was AWESOME!

[Ryan Grim @ryangrim]

An extremist group in Washington, DC has claimed credit for the terrorist attack on the Iranian bridge, promising further attacks on civilian infrastructure if its demands aren't met

[Michael Girsback @MichaelGirsback]

@CharlesSchwab Cyberattack? Where did my money go @CharlesSchwab?

[Noel Smith @NoelSmith]

Explaining options to people for the first time:

[Michael Girsback @MichaelGirsback]

@CPSellsOptions @Crod4Life21 No, you don’t lose. You get paid a dividend equivalent to the drop. I hold this ticker for months and get paid every month.

[Fletch17 @RealFletch17]

WOW this hit hard!
Enjoy every minute!
It goes in a blink
🙏🏻🙏🏻🙏🏻

[Michael Girsback @MichaelGirsback]

@pepemoonboy You gonna roll up and out?

[Michael Girsback @MichaelGirsback]

@elonmusk The prophecy hath been fulfilled

[Michael Girsback @MichaelGirsback]

Remember, there’s a buyer for every seller. When you “Sell to Open” an option, you immediately get paid the cash that the buyer pays to buy that same option (minus any commission fees of course). However, even though you’ve collected the cash, your Brokerage Account Value will remain unchanged bc your open position will reflect a negative value on the sale (ie. if you wanted to turn around and immediately close out your position, you would need to “Buy to Close” and pay back that cash to have a net zero effect). As time goes on, the option trading price could go higher or lower…but since the majority of options expire worthless, by expiration your overall Brokerage Account Value will end up increasing by the amount of cash you collected, assuming the option expires worthless.

So if the strike doesn’t hit by expiration, I’m only making a gain on the “premium” (aka cash) I get paid from the option I sold.

If the strike does hit, then I have to buy or sell 100 shares at the strike depending on whether I sold a put or call.

Regardless of whether the strike hits or not, I still keep the cash from the original selling of the option, assuming I do nothing thereafter. Hope that all makes sense…plenty of stuff on YouTube about selling cash secured puts and covered calls if you wanna learn more.

[Michael Girsback @MichaelGirsback]

Like you, I want to buy and hold “the right stock at the right price”, but everything I want is sooo expensive right now. So rather than create a limit buy order at “the right price” and waiting for it to get hit, I will sell a put “at the right price” and get paid for waiting. Whether that price comes or not, I still get paid bc I sold the put. If my price is reached by expiration, my put is assigned, and I am buying 100 shares - hooray! Then I flip around and pick “the right price” I want to sell these shares and sell a call at that price. And whether or not that price eventually comes along, I am getting paid for holding the shares.

Whoever invented the phrase “time is money” probably sold options 🤑

[Michael Girsback @MichaelGirsback]

@TheCinesthetic

[Michael Girsback @MichaelGirsback]

@TheCinesthetic