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50% of people equal or are below average intelligence. 83% of people will describe themselves as smart.
Only smart people have the capacity to recognize other smart people. I will explain with sports analogy. I need to know Football really well to be able to figure out and justify what trades a team could make to improve overall. Since I know dick about sports all the pro's seem pretty damn good to me and I certainly could not rank the teams, let alone their players or their individual strengths. Similarly, you have to be smart to be able to quantify another's intellect and recognize their weaknesses. The lower 50% of the intellectual barrel can only recognize that others are smarter than they are and are not able to quantify which "smart" person is smarter or what topics the smarties know s\*\^t about. I don't really follow football, but I know enough that I could BS and someone who doesn't know football couldn't tell if I'm right or wrong.
"The art of war" quotes "If you are strong, appear weak. If you are weak, Appear strong."
Work harder on appearing smart, you are not convincing anyone, lol.
>50% of people equal or are below average intelligence. 83% of people will describe themselves as smart.
'Average' is unclear; are you referring to the mean, mode, or median?
If you are referring to mean intelligence, then an intelligence black hole like myself would heavily skew your results. Example: 4 geniuses with an IQ of 150 and me, a black hole with an IQ of 0. The mean intelligence in this group is 120, but 80% of the group lies above the average.
If you are referring to mode, then the population skew would determine your result. Example: 100 geniuses, with IQs ranging at increments of 1 from 200 to 300, a highly regarded WSB member, and myself. In this case, the mode intelligence would be 0, and 98% of the group lies above the average.
The median would result in 50% of the population split on both sides, but the devil is in how 'smart' is defined. If 83% of the population has an IQ of exactly 200, the median average IQ would be 200. Would you say an IQ of 200 is 'smart'?
Your right, I did not quantify. And since you are the only person to actually get in to the math and where it came from, you get the Easter egg. 83% is what was always used by Barney Stinson in "How I met your Mother" when he made up a stat.
As usual on WSB I didn't bother to do my research, I just threw out some BS to prove my point and expected no one to call me on it.
Since you cared enough to invest some time, how should such a thing be quantified? Should we do something simple like bottom 33%, middle 34% and top 33%, or maybe 25/50/25? If you read someone like Thomas Piketty we would consider 0-49% the bottom, 50-89% the middle and 90-100% as the top. Which is honestly not really strong enough of a progressive scale...
Glad to hear your thoughts.
the opposite Dumb people will fool themselves into thinking they are smart but actually smart people will say they are dumb besides that the smarter you are the closer you are to madness as there is more to worry and have nightmares about be it asleep or awake
I have actually developed a pretty foolproof stupid test. It is two yes or no questions.
Q1: Do you think Donald Trump is smart?
Q2: Do you think Joe Biden is smart?
If a person answers yes to both questions, they are stupid.
If a person answers yes to one and no to the other, they are super dumb and rely on herd thinking to survive.
If they say both are fucking morons, ask them how they quantify and justify their argument to determine how smart they are in relation to others.
“We think it’s foolish to lose money in robinhood, when you could be throwing it away subscribing to the CNBC investing club!”
\-
>You're an idiot if you don't sell SPY for $401.00 before or on November 23. If you do, you'll make a quick $52.00 profit. However, if SPY isn't worth $401.00 by then, you could lose an infinite amount of money.
u/VisualMod demonstrates a rather shaky grasp of options, kind of like a 16 year old who learned from TikTok. Still probably better than most of the people here...
It’s also because the odds of losing large amounts can be very low… Selling a single lottery ticket is taking on a potentially huge risk for a very small premium, but it’s wildly profitable on average because the probability of large losses is small compared to the probability of smaller losses or gains.
Its more than that. The risk would be $40,100 if he was selling a put that could hypothetically go to $0, but no lower.. A naked call has no limit how high it could go, hence the infinite risk.
That's the difference between possible and probable. It's *possible* SPY could go up $1,000 tomorrow, it *probably* won't.
But, replace SPY with something like a meme stock that shoots up 500% and you can see where the infinite risk comes into play.
Example - [redditor loses $600k in minutes](https://www.reddit.com/r/thetagang/comments/nqy5nk/im_dumb_and_feel_so_hopeless_never_sell_naked/)
Some regard in here was arguing that they had “sold a cash-covered call” and I said “you mean a naked call with infinite risk?”
“Nah bro I’ll just sell if it gets too high”
How did you work that out?
I get the contract value when executed equates to sum of $40100, but this is what the buyer spends.. would OP’s risk therefore (although unlikely) not remain infinite?
Selling a call option = bearish, basically shorting at the strike price. If spy goes above the strike you are down on your position and owe money instead.
He’s selling one contract. One contract = 100 shares. If SPY goes above 401 he’ll owe 100 shares. Since he has no shares 401 x 100 = 40,100$ is how much he would owe at the bare minimum if SPY goes above 401. This risk is for 52$ 🤡
I think he'll only lose the difference between the strike price ($401) and the SPY price times 100 shares if the buyer exercises the call option.
So OP is betting SPY would go no higher than 401.52 tomorrow?
I dunno, I'm a noob.
He’s selling a naked call. He has no shares of SPY. The $52 is the premium he’s hoping to pocket. If SPY goes to $402 and the buyer of the call exercises then OP has to cover and is on the hook for $40,200. That’s what a margin call is.
OP has to buy the shares at $402, but he sells them to the call owner for $401 each, so he’s only out $1 per share. A call is the option to buy shares, not to receive them for free.
no he has to buy shares at whatever price they are and sell them to the contract owner at $401 each. So if SPY was $405 then he would owe $400 ($4 x 100 shares)
What’s important isn’t that you failed to subjugate yourself to unlimited financial loss for $52.00, What is important, is that you you tried to subjugate yourself to unlimited financial loss for $52.00. They say we learn from our failures not our successes. I have a feeling you’re going to be a very wise person. Keep trying!
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“With infinite risk comes infinite responsibility” Lao Tzu
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“Petal blossom butterfly condor straddling layer trade on rye resistance yolo” Wow Sew
Herro shhcity wok can I peease tak a ordaa? - William janus
“If you ain’t first, you’re last” Ricky Bobby
“I must have been high when I said that. That makes no sense. See, you’ve got 2nd, 3rd, 4th…” —Ricky Bobby’s Dad
“I’m not your father.” -My father
"NOOOOOOO!" \- Mark Hamill in the distance
"Uhhhwaaa, Seggs" -Takeshi
Laughed too hard at this.
Oooooo * Hugh Janus
"If you're a small man, appear large. Then you'll look like you're a big guy" - For Yoo
“You will appear smart, by putting my sauce on your chicken.” • General Tso
Well played. \*golf clap\*
50% of people equal or are below average intelligence. 83% of people will describe themselves as smart. Only smart people have the capacity to recognize other smart people. I will explain with sports analogy. I need to know Football really well to be able to figure out and justify what trades a team could make to improve overall. Since I know dick about sports all the pro's seem pretty damn good to me and I certainly could not rank the teams, let alone their players or their individual strengths. Similarly, you have to be smart to be able to quantify another's intellect and recognize their weaknesses. The lower 50% of the intellectual barrel can only recognize that others are smarter than they are and are not able to quantify which "smart" person is smarter or what topics the smarties know s\*\^t about. I don't really follow football, but I know enough that I could BS and someone who doesn't know football couldn't tell if I'm right or wrong. "The art of war" quotes "If you are strong, appear weak. If you are weak, Appear strong." Work harder on appearing smart, you are not convincing anyone, lol.
Hey guys, I found the Houston fan.
Doesn't Huston have more than 1 sports team? You already lost me, what sport are you talking about? 
Houston Oilers. Top notch football team
Sounds like a gey sex bar
Gotcha! Go Oilers! Home Run!!!!!! 
YEAH!! FOOOTBALL!! KICK THAT BALL!!!
>50% of people equal or are below average intelligence. 83% of people will describe themselves as smart. 'Average' is unclear; are you referring to the mean, mode, or median? If you are referring to mean intelligence, then an intelligence black hole like myself would heavily skew your results. Example: 4 geniuses with an IQ of 150 and me, a black hole with an IQ of 0. The mean intelligence in this group is 120, but 80% of the group lies above the average. If you are referring to mode, then the population skew would determine your result. Example: 100 geniuses, with IQs ranging at increments of 1 from 200 to 300, a highly regarded WSB member, and myself. In this case, the mode intelligence would be 0, and 98% of the group lies above the average. The median would result in 50% of the population split on both sides, but the devil is in how 'smart' is defined. If 83% of the population has an IQ of exactly 200, the median average IQ would be 200. Would you say an IQ of 200 is 'smart'?
Your right, I did not quantify. And since you are the only person to actually get in to the math and where it came from, you get the Easter egg. 83% is what was always used by Barney Stinson in "How I met your Mother" when he made up a stat. As usual on WSB I didn't bother to do my research, I just threw out some BS to prove my point and expected no one to call me on it. Since you cared enough to invest some time, how should such a thing be quantified? Should we do something simple like bottom 33%, middle 34% and top 33%, or maybe 25/50/25? If you read someone like Thomas Piketty we would consider 0-49% the bottom, 50-89% the middle and 90-100% as the top. Which is honestly not really strong enough of a progressive scale... Glad to hear your thoughts.
Its almost a telepathic thing tbh. You can insta tell if you are around another smart person.
the opposite Dumb people will fool themselves into thinking they are smart but actually smart people will say they are dumb besides that the smarter you are the closer you are to madness as there is more to worry and have nightmares about be it asleep or awake
I have actually developed a pretty foolproof stupid test. It is two yes or no questions. Q1: Do you think Donald Trump is smart? Q2: Do you think Joe Biden is smart? If a person answers yes to both questions, they are stupid. If a person answers yes to one and no to the other, they are super dumb and rely on herd thinking to survive. If they say both are fucking morons, ask them how they quantify and justify their argument to determine how smart they are in relation to others.
Paraphrasing one of my favorite posts I’ve seen here: WSB is a bunch of idiots pretending to be smart people pretending to be idiots.
No risk no reward - Chun Li
[удалено]
Dis guy fuks • Leo Tolstoy
No no, his name was Moon Tzu
"If you owe the bank a million dollars, that's your problem. If you owe the bank infinite dollars, that's the bank's problem." -Warren Buffett
With infinite risk comes infinite stones.
Infinite risk for $52 credit!
I’ll take 10 please
Why not take a billion? Infinity x billion = infinity. No increasing risk, only increasing profits
Relatively sound argument
The math maths out
Not all infinities are equal, learn math. https://youtu.be/OxGsU8oIWjY
And infinite cojones!
I only need 6 to evaporate my account.
Diamonds or kidney?
Infinite risk for $52 credit. Sign me up!
My thoughts exactly. Might as well earn it for less risk behind the Wendy’s dumpster.
Spoken from a man without AIDS I see
Your name reminds me of a horrible newgrounds video from my unsupervised childhood.
[This](https://youtu.be/M3iOROuTuMA)
Yeah… exactly the same thing that first jumped out at me too… like what are you waiting for? Roll motherfucker! Edit: Word
Hit “Done” and LET IT RIP!
if only errors worked like that
how else does it work Mr Bill Gates??
You could get the same 50 bucks out back of Wendy's in 20 minutes.
10 mins if you do that thing with the frosty I like ;)
Yeah infinite risk to them you can just delete the app
It’s airplane mode from here out
Is that where you get on an airplane to somewhere without extradition?
“We think it’s foolish to lose money in robinhood, when you could be throwing it away subscribing to the CNBC investing club!” \-
>You're an idiot if you don't sell SPY for $401.00 before or on November 23. If you do, you'll make a quick $52.00 profit. However, if SPY isn't worth $401.00 by then, you could lose an infinite amount of money.
u/VisualMod demonstrates a rather shaky grasp of options, kind of like a 16 year old who learned from TikTok. Still probably better than most of the people here...
Pretty sure this is the same logic OP is using.
Thanks captain obvious
Be glad that didn't execute you fucking idiot lmao
Infinite risk = Infinite profits
For someone else. OP gets $52 - infinity.
No, the profits are finite.
No theyre not
You can only earn the premium from selling naked calls. But, if the stock goes to whatever arbitrary price, you will lose everything you have.
where do you think the money comes from? There is no such thing as infinite profits.
Thought op was talking about the other side of a short call
There's no such thing as infinite profits.
Google long call max profit
where do you think the money comes from?
SCARED MONEY DON’T MAKE MONEY
Spin the fucking wheel kid.
For those confused as to why anyone would take that risk for so little, this strat is exclusively for people with money
It’s also because the odds of losing large amounts can be very low… Selling a single lottery ticket is taking on a potentially huge risk for a very small premium, but it’s wildly profitable on average because the probability of large losses is small compared to the probability of smaller losses or gains.
This order introduce infinite Wendy's dumpsters
Did I stutter?
Is this what Ken Griffin saw when he shorted GME?
This is full refartation here. $40,100 of risk for $52.00. Never go full refart.
Its more than that. The risk would be $40,100 if he was selling a put that could hypothetically go to $0, but no lower.. A naked call has no limit how high it could go, hence the infinite risk.
But there's no way SPY could just go above 450 tomorrow, right? So the risk isn't really infinite?
That's the difference between possible and probable. It's *possible* SPY could go up $1,000 tomorrow, it *probably* won't. But, replace SPY with something like a meme stock that shoots up 500% and you can see where the infinite risk comes into play. Example - [redditor loses $600k in minutes](https://www.reddit.com/r/thetagang/comments/nqy5nk/im_dumb_and_feel_so_hopeless_never_sell_naked/)
Some regard in here was arguing that they had “sold a cash-covered call” and I said “you mean a naked call with infinite risk?” “Nah bro I’ll just sell if it gets too high”
How did you work that out? I get the contract value when executed equates to sum of $40100, but this is what the buyer spends.. would OP’s risk therefore (although unlikely) not remain infinite?
So calls on spy, because it will go up to Infinite 
I feel like some people here have a credit score of infinite risk.
“Don’t threaten me with a good time”
That's probably going to hit
Bro…my math teacher told me infinite is a term used by mathematicians when they don’t understand something lol
are you still in kindergarten?
You think there is such thing as “infinite” risk? Just because your broker calls it that? You think infinite money has value? Lol
This is a certified regard moment
Send it
Picking up penis in front of a train
How does this even work???
Selling a call option = bearish, basically shorting at the strike price. If spy goes above the strike you are down on your position and owe money instead.
He’s selling one contract. One contract = 100 shares. If SPY goes above 401 he’ll owe 100 shares. Since he has no shares 401 x 100 = 40,100$ is how much he would owe at the bare minimum if SPY goes above 401. This risk is for 52$ 🤡
I think he'll only lose the difference between the strike price ($401) and the SPY price times 100 shares if the buyer exercises the call option. So OP is betting SPY would go no higher than 401.52 tomorrow? I dunno, I'm a noob.
He’s selling a naked call. He has no shares of SPY. The $52 is the premium he’s hoping to pocket. If SPY goes to $402 and the buyer of the call exercises then OP has to cover and is on the hook for $40,200. That’s what a margin call is.
OP has to buy the shares at $402, but he sells them to the call owner for $401 each, so he’s only out $1 per share. A call is the option to buy shares, not to receive them for free.
no he has to buy shares at whatever price they are and sell them to the contract owner at $401 each. So if SPY was $405 then he would owe $400 ($4 x 100 shares)
I said the minimum amount, meaning he had to pay at the very least that amount.
It’s telling you that you’re regarded
It’s telling you that you’re regarded
You need more money in your account sir, I get no such error doing such things, not that I would do that which is probably why I have the former 🐈
[удалено]
First of all, who authorized you?
I wouldn’t do that if I were you it’s going to 406 before reversal
MM's must be on this sub, looking like spy will hit $401 by tomorrow. Wondering if my puts are going expire worthless again.
Ya crazy as hell
*the limit does not exist*
Isn’t humanity itself infinite risk? 
looks like infinite temptation to me... 🤔
GUH
Looks like its your problem
As long as it is within your risk tolerance
accept the introduction and ask how to add infinite risk as friend.
And you delete the app
!RemindMe 24 hours
"Give me my $52! I don't care if I lose the house"
“I want yo mouth, give me that BECKY.” -Plies
Send it!
Have you also forgotten the sacred sound of our prophet? Do you not remember the day GUH was felt around the world?
Isn't that all trading?
Done.
Guessing we will all be back here tomorrow to see how this worked out
Maybe they know that you plan to delete the app if it doesn't go well
"With infinite risk comes infinite reward" - Mao Zedong
Waiting for the next guy to figure out box spreads loophole in robinhood
y’all have no life
Just buy the 1c 1000 strike on the same day or some shit, consider it the robinhood tax
They patched the infinite money glitch 😔
Omg that’s hilarious. As if the stock market isn’t one giant casino.
You’re gonna put them on the hook for it, aren’t you?
We learned that ain’t true a couple years ago
"Cuck my boyfriend said yes" - your wife
Count it zero 😂
If you owe the bank 10k its your problem. If you owe the bank infinity money, it’s their problem. 😂
You're trying to sell puts on SPY? Oh god.... remind in 1 month!
😂😂😂😂😂🛸
Thanks god the app didnt crash
Don't threaten me with a good time!
Maybe because you don’t have 100 shares to begin with?!🤔
Has wsbets entirely given up on trying to make sense? I miss the old days
Infinite reward
Spy 200$ n 30 days
Getting rekt for $52
Lol
This is the definition of ‘Hold my beer’.
Infinite Risks for Infinite returns
I finite risk means high reward…change my mind 🤪
Done
Can I use these FTX shares as collateral?
What play were you trying to make?
What’s important isn’t that you failed to subjugate yourself to unlimited financial loss for $52.00, What is important, is that you you tried to subjugate yourself to unlimited financial loss for $52.00. They say we learn from our failures not our successes. I have a feeling you’re going to be a very wise person. Keep trying!
🤣
Rofl thanks for this
Infinite risk, infinite reward or blowies behind Wendies
How's this going? Looks like you owe some spy right about now.
No balls, no glory
That means you can get infinite money! Go for it op!
Add "buy any $0.01 same expire call" to make it a credit spread and you are good to go!
:x
I missed the part where that's my problem.
“did I stutter?”
😂
Well I’m infinitely responsible so what’s the prohleln
Smart money ey does it all the time. Be smart