Lurker > Lopen

Acid Man is actually great if it kept that vibe going from the intro for the whole track. Your video has it loop back to the intro style which is also okay but I assume it doesn't do that in the actual track and just keeps looping the stuff after the 40s ad nauseam

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Mac Arrowny posted...

Is Trance really that much worse than FFVI limit breaks?

FFVI limit breaks are like a "HOLY CRAP HOW DID THAT HAPPEN" moment more than something you plan for.

FFIX Trance is dangling a carrot in front of you then force feeding it to you right before you feel like eating it and causing you to choke on it.

They're both about as useful as the other (rarely in the case of both), but psychologically speaking the FFIX trances actively sap fun from the game while the FFVI limit breaks at worst are a neutral and at best are a hype moment once in a while.

(I probably like the FFVI limit breaks more than most due to Setzer using a clutch Red Card limit allowing me to beat the Wind Dragon who I'd been banging my head on a few times, with said Red Card limit being the first time I'd ever seen a limit break in the game and not even knowing they existed before that)

(I was using "fight" command instead of slot or magic because I'd given up that run)

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Reasons I don't like FFIX

The molasses battle system, while glaring, is not remotely the only problem with the gameplay, as the battle system has a lot of bad mechanics on top of that. Trance being uncontrollable is the worst. Items giving abilities is annoying cause you need to equip subpar items for way too long to get techs. Steal's success rate being like 1% is also awful. These two have an unholy union of suck on top of that with steal being the best way to get a lot of items. This is the worst leveling system in the series by far-- FFII has nothing on it. It's also got like no customization or choices to make when training your characters, just go down the road of equipping your item that you don't have a skill for-- this is a somewhat welcome change as you could argue FFVII and FFVIII were skewing it too far in the customization direction, but having none (arguably even less than FFIV due to your gear choices being made for you) is bad too.

Outside of Vivi and Kuja the characters just aren't very interesting or good. They're for the most part written in a one dimensional way (which can be fine, if you like the personalities-- I find the majority of the cast actually annoying which makes this worse) and then have character development wedged into them (which ultimately hurts the characters) when it suits where they want the story to go. You're Not Alone and Dagger Can't Concentrate are so bad, feel so forced.

Amarant is actually my second favorite playable character in the game because he just stays out of all the bad "character development" going on by just being completely irrelevant to anything. Amarant represents me, the player. I, similar to him, get no screentime and am completely disinterested with what's going on and just want the game to be done with.

The plot is fine, passable, and the setting is actually interesting. But if the characters are bad and the combat system is bad, what am I even playing it for.

Maybe 4/10 was too nice the more I think about it the more of a 3/10 this game feels. But at the same time it's not really BAD it's just... there are so many better options out there.

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Chocobo Hot n' Cold might be the best chocobo related side quest but that's not high praise considering the competition is stuff like FFX's dumb chocobo racing or FFVII's needlessly drawn out chocobo breeding.

I mean they're both drawn out but I think the reward cycle is slightly better than chocobo breeding-- that's literally the only reason I'd give it a slight nod.

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Leonhart4 posted...

I am pleasantly surprised no one has said FFVIII yet, although you can beat it in way under 50 hours, so maybe that's why!

Well I know I've spent more than 50 hours on FFVIII. Not by a lot but I did play through Disc 1-2 twice which is enough to put it over.

Better game than FFIX because the system is fun to break if nothing else. Also the plot has higher highs when it's actually good. Slightly worse lows than FFIX but I think it's just cause I was expecting better when FFVIII hits you with bad stuff

Honestly you combine the plot with Disc 1 and early Disc 2 and the mechanical depth of Disc 3-4 and you actually have one of the best FF games. Alas.

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I've been low key hating on FFIX for 15 years here. I just don't go out of my way to do it.

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davidponte posted...

Of course billions of people are going to be in awful situations after not existing for five years. I think the point is that you'd think an Avenger previously backed by the richest guy on the planet would have some sort of safety net or income put aside for him.

So I think the idea is they wanted to tell this story, about people from the snap being ruined financially and whatnot cause they no longer "fit" in society due to being dead, but didn't really have a good avenue to tell it and tried to tell it through Sam.

Which is probably why I'm not too into the show right now. It feels less like a MCU show about the characters and more like "we have these stories in this world setting that seem cool and we're going to use these two characters that don't have super strong characterization to do it"

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Uhhh. Kinda neutral, leaning dislike actually if I had to choose. Like I find Mal offputting and a lot of that is through Cobb.

No

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Probably FFIX. I pretty much 100%ed it in terms of content-- it was a different time and using current day mindset I would probably not even get through it. I didn't get every item or anything but yeah.

League of Legends would be the game I most regret putting as much time to as I did, but FFIX is a worse game.

Not that FFIX is horrible. 4/10 game probably. But I tend not to put a lot of time into mediocre games.

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I will warn that you don't be too eager to roll back just because you've sold a call that surged into the money. It could keep going up sure but a lot of times at some time before it's going to expire it's going to come back down.

I'm not really a pro at this or anything-- just saying overmanaging your sold calls can lose you money if you're not doing it right. If you're not sure what to do just let the time burn away on the calls rather than rushing out to roll them. I try not to roll calls until the day they expire generally.

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Sunroof posted...

So my understanding is that the person you are selling your covered calls to can exercise your option at any time, including before the expiry date. Is this right?

Also, how can I tell when my option was exercised?

Yes, but it's rarely done.

As for when you know it's done, you'd get a notification by your broker and lose the shares and gain money.

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Generally the winning play there is to roll the call back a week or two at a higher strike so you can hold onto your shares, or just let the call get exercised if you don't care about the shares. Buying back the call and selling the underlying stock you'd only really want to do if you wanted the funds RIGHT NOW.

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You'll never be able to sell the stock for a gain greater than the fee to buy back the call. The floor value of a call is always equal to the value of the underlying stock - the strike (because a buyer can in theory always exercise a call and immediate sell the shares).

Selling a call basically hard caps your upper gains.

If you wait until the expiry is close enough you can basically make them equal though.

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Hell yeah Mega Man Soccer let's go Elec Field and Wily Field.

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The Oregon Trail 2 riffs and sound effects that got played for diseases/etc freaked me out as a kid. Most good memories of that one for sure.

Related I enjoy that the screenshot for Oregon Trail 2's youtube is someone getting cholera. That was always the version of "you have died of dysentery" that resonated with me. Cholera would beat dysentery in a fight.

(I feel like riff is the wrong word but whatever you know what I mean)


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In a FPS it absolutely is but I don't see why you'd care with Mario Kart

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Yes

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I actually thought the episode was pretty boring. I'll give it another chance and all but without the Marvel branding I may not have. Not a lot there. Seems like a poor man's version of the Lethal Weapon show from Fox a few years back

Not surprising people are squabbling about finances cause there isn't really much else to talk about lol.

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Huh I was sure she was done before

Yes

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I stand by that it is basically free money for him and that it introduces no particular extra risk for his style of investing. Your argument against it that there are certain edge cases where you make less money than you would normally could be used to argue that investing in SPY could have some element of risk. Like yes you can lose money investing in SPY but it's very difficult to do so. For Moonroof it would be similar if he follows the guidelines.

Like pretty much the only way he is unable to stop loss quickly that matters for CCs is if there is a massive AH gap down that he would have caught with a stop loss (which would only happen if he had an order in place beforehand). But I mean the funny thing is if you sell at the money CCs right when you buy it you actually get much higher premiums than you would when playing from behind too. He basically would get a free drop just by being aggressive with selling a CC. Like I'm looking at PTON right now and if he say, bought 900 shares NOW and immediately sold a block of 9 $109 CCs for next week he'd immediately receive $360x9 or about 3% of his initial investment back, which is as it turns out close to the loss he tends to incur before he gets out. It's really hard to imagine that he on average would lose money from moves like that if he just lets the contracts ride out and doesn't sell contracts for a price less than he's willing to sell out of the stock on.

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Well I would actively discourage selling CCs on AMC because he was investing in it for a different reason than his usual fare.

If you expect a particular known catalyst to drive the price of a stock selling a CC is bad form in general because the math of option premiums doesn't account for that. It's the same reason buying calls in those instances can be lucrative.

I suppose if your point is "there must be a time where you wouldn't sell a CC to avoid lost profits" well point made but I myself just said I'm not currently selling CCs on FUBO so I mean there are a few different scenarios where you won't want to. In general I think using them generates more money than it risks though. Especially if you use some judgment in not selling them at key points.

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red sox 777 posted...

Yes, the risk of selling covered calls relative to just owning the stock is lost profits. Precisely that. I do consider that a major downside. But whether or not you do, that's a different thing from the risk of the whole position (long stock + short call).

My point is all risk to you of losing money is introduced by the long stock

Short call reduces risk from your long stock. It itself isn't introducing any extra risk in terms of losses.

If you want to think that you're good enough at timing the market and knowing when to sell that selling a covered call is going to on average lose you profits vs selling somewhat conservative covered calls (I highly doubt anyone in this topic is good enough at that), more power to you, but for most people that wouldn't be the case.

Now in the case of moonroof who on the regular sells stocks for like 0.5% gain, I think the risk of "lost profits" is pretty much a non-factor. He basically gets all the downside from selling ATM covered calls without the profit premium as is. May as well gain some actual decent gains from selling for pennies through contract premiums.

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red sox 777 posted...

Again, if you are talking about the whole trade, then it loses when the stock goes down by enough to lose more than the option premium you received. You can't have it both ways and talk about only the call when the stock goes down but talk about the whole trade when it goes up.

I'm talking about relative gains/losses to just owning the stock.

If you sell the CC and the stock goes down, you don't actually lose money vs just owning the shares. You lost money either way. You probably lose less by selling the CC cause if you panic sell you keep part of your premium received and if you were planning on holding through it you get the whole premium which is more than you'd have if you held through the fall and didn't sell the CC

If you sell the CC and the stock goes up LOTS you still make money, just less money than you would if you hadn't sold the CC.

I guess what I'm saying is I don't consider "lost profits" a risk.

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Sunroof posted...

So what happens when you choose a strike price that is under the current price?

You get the premium up front

They can take your shares for the strike price at any time before the expiration. If the price at expiration is at the strike or below it's pretty much 100% your shares automatically assigned.

It becomes increasingly unlikely that the contract expires worthless because your stock would need to go down for that to happen. It's silly to sell these imo because if you think your stock is going to go down why own the shares to begin with.

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red sox 777 posted...

It loses a lot of money if the share price moves substantially above the strike price

It loses profits but is still a win overall. You can't lose. You only win less

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red sox 777 posted...

It's not covered calls that's risky, it's the mindset of "this trade can't lose" that's super risky. If you are thinking something is "free money" you're probably missing something. There's almost always a tradeoff.

The losing trade is owning the shares, not selling the CC. It's pretty much accurate to say selling a CC can't lose (if you choose a strike and expiry that fall into certain low risk windows) it's just that it shouldn't make you overconfident about the underlying shares you own.

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I also want to emphasize that yes but you can lose money if the stock goes down by just sitting on shares too

And if the stock goes down, the price of the covered call goes down with it, so it's easier to get out of your obligation if you really want to panic sell for example if PTON were to drop to $100 the price of those calls he's sold would probably be much lower than the $203 he got for them initially, so he still made some money on the covered calls while still not strictly speaking preventing him from panic selling.

Yes it's important to only do this with stocks you trust won't go down, but that's true of any stock. CCs lower risk, not increase it. It's easy to call options some sort of boogeyman but in the case of CCs they're really not if you follow some hard rules when selling them.

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Sunroof posted...

How come it shows that I have a negative balance?

Because the value of the contract you sold is negative to your account that is to say to be freed of the contract you have to buy it back.

You got cash up front so your net account value isn't going to go down from this but rather stay even from this. It could show that the negative value is even higher over time but that will be offset by the value of your held shares going up.

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That is a good summary of the perspective for selling calls.

If you never buy your call back and never sell it for less than your entry price you will never not make money unless the stock goes down (which is a risk of your usual paradigm anyway)

It seems like a much stronger way to chip away profits like you tend to do

The downside is you don't get profits for monster runs but you always sell before those come anyway so for your style you should end up making a lot more doing this.

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That's the idea.

It only becomes problematic if it falls a lot. Then it becomes harder and harder for the $118+ calls to give any appreciable premium. At that point you would probably be best served to sit on the stock like a normal person until the $118s give you something nice. Though you could always sell calls for further out too.

For example I am in a similar position with FUBO right now. I have 400 FUBO shares at cost basis of $40. I could sell calls for 2 weeks out at $40 to gain $40 per call, which isn't the worst, but I'm actually being greedy and waiting for it to get closer to $40 before doing so so I can actually make good money on it.

So it really just depends in your faith in the stock. If your faith is minimal you can spam and make small bits but if your faith is higher you can wait till it gets closer to your break even point and sell then.

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Sunroof posted...

So if it doesnt hit $118, I made free $1800?
And if it does, what happens?

If it does, you are forced to sell your shares at $118 unless you buy your contract back (which I would never do unless you "roll" like we just manually did).

Here's the thing though. Selling them for $118 gives you a profit of $0.26 per share, so you really don't care that much if you have to do it.

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I just picked something that seemed to have a good price premium that would offset your loss from buying the calls back and wouldn't lock you in the stock for too long.

As long as you keep the strike you're selling at >= $118 you can't lose money. Pick whatever duration you want at that point. You wanna hold through May 21? Go for it. Sell 9x120s and make $815 x 9. It doesn't really matter. I just wouldn't recommend selling a duration of less than a week (not enough premium for the risk) or more than like 2 months (too long to stay in the stock, too much risk)

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Yes.

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Buy to close

$107 call 3/19 x9

Sell to open

$118 call 4/1 x9

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Buy to close.

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So here's what you're going to do moonroof

You gained like $300 on your pittance calls yesterday

You need to buy your calls back. It's going to run you $140 or so per call. So you're gonna have to pony up around $1260. You'll be down $960 at that point.

You then resell your calls to the market, expiration April 1, strike $118. You will make $200 per call, so you'll be up about 1k at that point. The only reason to not do this is if you think Peloton is going to not get back up to what you bought it at ever.

Or you can just lose 10k to get that bad taste out of your mouth it's up to you.

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You can buy contracts before they expire at their market value.

You will have to pay more than you sold them for, but it's worth it to not lose 10k

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The key is you don't ever sell calls that would make you lose money if exercised unless you just want out of the stock. With PTON you don't actually want out of the stock so selling $107 calls is just dumb.

If you sell a call for less than your cost basis you're doing it wrong.

tl;dr never sell a call that has strike of less than $118. If you do that you cannot lose money.

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Okay so I would recommend buying your calls back and eating a small loss on that

Then I would sell April 1 calls at $118 to offset said loss

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Sunroof posted...

Im new to this so Im not sure how it works. I think I might be safe if it closes under $107 though. Im not holding my breath.

Can you tell me your positions

I know you sold 9 $107 calls but what did you get into PTON at?

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Sunroof posted...

Peloton is going to hit $107 LOL

I lose $10k if it does.

Wait what?

You're absolutely doing this wrong.

You should never sell a call that will lose you money. Put the expiry out further and the strike higher.

Like what did you buy Peloton at?

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Prinnies are simps for literally everyone I'm not sure it counts.

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Good job! If you do it out like a week you'll make a lot more per contract.

I recommend maybe not putting your entire set of shares into it if you're really long peloton just in case it flies-- you get to keep some of your shares that way

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Airlines creeping up to pre-covid levels as though the year of huge losses can just be ignored and like we'll just go up to 2020 levels as though airline revenues will instantly be back to normal is more irrational than the tech surge ever was

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Okay yeah it's actually Itchy

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That is his one redeeming quality I'll give you that.

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Cletus and his whole family probably. Not a trope I like and it's done in a pretty annoying way.

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Yeah honestly I'll take a Shyamalan Cut of any of his bad movies over what was released and hope for the best

With the notable exception of The Last Airbender because he said he made it for his kid and I think the only way he could've possibly made that is with a fundamental misunderstanding of the source material.

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Punnyz posted...

if they're doing things and it works, its not simp anymore

It's not necessarily doing something and it working though

Things can work in spite of one's best efforts to make them fail

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I'm pretty sure even simps can get action once in a while

Broken clocks and all that

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