The Basics Bull Call Spread Strategy in Binary Options ...

SNAP preview, expected move and spread strike selection

SNAP preview, expected move and spread strike selection
  • Snap (SNAP) reports q2 earnings after the close Tuesday (~4:10pm)
  • Options are pricing an expected move of 12% by this Friday. That is the bulk of the move expected over the next month, which is about 15%.
  • Snap closed higher by about 36% in the day following its most recent earnings (in April)
  • Snap has beaten consensus estimates 7 out of the last 8 times.
Neutral - The first thing to look at is a neutral position, selling to both the bulls and the bears. Here are two neutral trades setting breakevens at or near the expected move. First selling the +21.5/-22.5/-28/+29 Iron Condor (condor chart)
In this case the risk reward is $56 to make $44. If the stock closes anywhere between 22.5 and 28 on Friday it is a max gain. Any close beyond 21.5 or 29 and a max loss. The breakeven is 22.06 on the downside and 28.44 on the upside.
That trade establishes a range of max profit, for those targeting no move at all, with the stock remaining at 25 selling an Iron Butterfly has max profit at the 25 level with profits trailing off towards the expected move and losses beyond: Fly chart
Both of these trades are binary, isolating this week and what is likely to be a mostly one day move tomorrow.
Bullish - For those thinking directionally the expected move can be used to help determine strike selection. Here's a bullish price target looking out a bit further in time, to August expiration: Trade comparison.
In this case both the August long call spread (+25/-29) and the August short put spread (-25/+21) take advantage of multi leg strike selection based on the expected move. The short put spread is "selling to the bears" and is profitable from 22.57 and higher with a max gain if the stock is above 25 on August expiration. The long call spread has a higher breakeven, but by selling the 29 call at a high upside volatility, is much cheaper than an outright 25 call.
Bearish - The same is true for a bearish target in line with the expected move but the short call spread is at a slight disadvantage due to having to buy the upside call at a similar or higher IV than the at the money call sale: Trade comparison
Full post here.
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Wall Street Week Ahead for the trading week beginning June 29th, 2020

Good Saturday afternoon to all of you here on StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning June 29th, 2020.

Fragile economic recovery faces first big test with June jobs report in the week ahead - (Source)

The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth.
The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According to Refinitiv, economists expect 3 million jobs were created, after May’s surprise gain of 2.5 million payrolls beat forecasts by a whopping 10 million jobs.
“If it’s stronger, it will suggest that the improvement is quicker, and that’s kind of what we saw in May with better retail sales, confidence was coming back a little and auto sales were better,” said Kevin Cummins, chief U.S. economist at NatWest Markets.
The second quarter winds down in the week ahead as investors are hopeful about the recovery but warily eyeing rising cases of Covid-19 in a number of states.
Stocks were lower for the week, as markets reacted to rising cases in Texas, Florida and other states. Investors worry about the threat to the economic rebound as those states move to curb some activities. The S&P 500 is up more than 16% so far for the second quarter, and it is down nearly 7% for the year. Friday’s losses wiped out the last of the index’s June gains.
“I think the stock market is looking beyond the valley. It is expecting a V-shaped economic recovery and a solid 2021 earnings picture,” said Sam Stovall, chief investment strategist at CFRA. He expects large-cap company earnings to be up 30% next year, and small-cap profits to bounce back by 140%.
“I think the second half needs to be a ‘show me’ period, proving that our optimism was justified, and we’ll need to see continued improvement in the economic data, and I think we need to see upward revisions to earnings estimates,” Stovall said.
Liz Ann Sonders, chief investment strategist at Charles Schwab, said she expects the recovery will not be as smooth as some expect, particularly considering the resurgence of virus outbreaks in sunbelt states and California.
“Now as I watch what’s happening I think it’s more likely to be rolling Ws,” rather than a V, she said. “It’s not just predicated on a second wave. I’m not sure we ever exited the first wave.”
Even without actual state shutdowns, the virus could slow economic activity. “That doesn’t mean businesses won’t shut themselves down, or consumers won’t back down more,” she said.

Election ahead

In the second half of the year, the market should turn its attention to the election, but Sonders does not expect much reaction to it until after Labor Day. RealClearPolitics average of polls shows Democrat Joe Biden leading President Donald Trump by 10 percentage points, and the odds of a Democratic sweep have been rising.
Biden has said he would raise corporate taxes, and some strategists say a sweep would be bad for business, due to increased regulation and higher taxes. Trump is expected to continue using tariffs, which unsettles the market, though both candidates are expected to take a tough stance on China.
“If it looks like the Senate stays Republican than there’s less to worry about in terms of policy changes,” Sonders said. “I don’t think it’s ever as binary as some people think.”
Stovall said a quick study shows that in the four presidential election years back to 1960, where the first quarter was negative, and the second quarter positive, stocks made gains in the second half.
Those were 1960 when John Kennedy took office, 1968, when Richard Nixon won; 1980 when Ronald Reagan’s was elected to his first term; and 1992, the first win by Bill Clinton. Coincidentally, in all of those years, the opposing party gained control of the White House.


The stocks market’s strong second-quarter showing came after the Fed and Congress moved quickly to inject the economy with trillions in stimulus. That unlocked credit markets and triggered a stampede by companies to restructure or issue debt. About $2 trillion in fiscal spending was aimed at consumers and businesses, who were in sudden need of cash after the abrupt shutdown of the economy.
Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin both testify before the House Financial Services Committee Tuesday on the response to the virus. That will be important as markets look ahead to another fiscal package from Congress this summer, which is expected to provide aid to states and local governments; extend some enhanced benefits for unemployment, and provide more support for businesses.
“So much of it is still so fluid. There are a bunch of fiscal items that are rolling off. There’s talk about another fiscal stimulus payment like they did last time with a $1,200 check,” said Cummins.
Strategists expect Congress to bicker about the size and content of the stimulus package but ultimately come to an agreement before enhanced unemployment benefits run out at the end of July. Cummins said state budgets begin a new year July 1, and states with a critical need for funds may have to start letting workers go, as they cut expenses.
The Trump administration has indicated the jobs report Thursday could help shape the fiscal package, depending on what it shows. The federal supplement to state unemployment benefits has been $600 a week, but there is opposition to extending that, and strategists expect it to be at least cut in half.
The unemployment rate is expected to fall to 12.2% from 13.3% in May. Cummins said he had expected 7.2 million jobs, well above the consensus, and an unemployment rate of 11.8%.
As of last week, nearly 20 million people were collecting state unemployment benefits, and millions more were collecting under a federal pandemic aid program.
“The magnitude here and whether it’s 3 million or 7 million is kind of hard to handicap to begin with,” Cummins said. Economists have preferred to look at unemployment claims as a better real time read of employment, but they now say those numbers could be impacted by slow reporting or double filing.
“There’s no clarity on how you define the unemployed in the Covid 19 environment,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If there’s 30 million people receiving insurance, unemployment should be above 20%.

This past week saw the following moves in the S&P:


Major Indices for this past week:


Major Futures Markets as of Friday's close:


Economic Calendar for the Week Ahead:


Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:


S&P Sectors for the Past Week:


Major Indices Pullback/Correction Levels as of Friday's close:


Major Indices Rally Levels as of Friday's close:


Most Anticipated Earnings Releases for this week:


Here are the upcoming IPO's for this week:


Friday's Stock Analyst Upgrades & Downgrades:


When Will The Economy Recover?

The economy is moving in the right direction, as many economic data points are coming in substantially better than what the economists expected. From May job gains coming in more than 10 million higher than expected and retail sales soaring a record 18%, how quickly the economy is bouncing back has surprised nearly everyone.
“As good as the recent economic data has been, we want to make it clear, it could still take years for the economy to fully come back,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Think of it like building a house. You get all the big stuff done early, then some of the small things take so much longer to finish; I’m looking at you crown molding.”
Here’s the hard truth; it might take years for all of the jobs that were lost to fully recover. In fact, during the 10 recessions since 1950, it took an average of 30 months for lost jobs to finally come back. As the LPL Chart of the Day shows, recoveries have taken much longer lately. In fact, it took four years for the jobs lost during the tech bubble recession of the early 2000s to come back and more than six years for all the jobs lost to come back after the Great Recession. Given many more jobs were lost during this recession, it could takes many years before all of them indeed come back.
The economy is going the right direction, and if there is no major second wave outbreak it could surprise to the upside. Importantly, this economic recovery will still be a long and bumpy road.

Nasdaq - Russell Spread Pulling the Rubber Band Tight

The Nasdaq has been outperforming every other US-based equity index over the last year, and nowhere has the disparity been wider than with small caps. The chart below compares the performance of the Nasdaq and Russell 2000 over the last 12 months. While the performance disparity is wide now, through last summer, the two indices were tracking each other nearly step for step. Then last fall, the Nasdaq started to steadily pull ahead before really separating itself in the bounce off the March lows. Just to illustrate how wide the gap between the two indices has become, over the last six months, the Nasdaq is up 11.9% compared to a decline of 15.8% for the Russell 2000. That's wide!
In order to put the recent performance disparity between the two indices into perspective, the chart below shows the rolling six-month performance spread between the two indices going back to 1980. With a current spread of 27.7 percentage points, the gap between the two indices hasn't been this wide since the days of the dot-com boom. Back in February 2000, the spread between the two indices widened out to more than 50 percentage points. Not only was that period extreme, but ten months before that extreme reading, the spread also widened out to more than 51 percentage points. The current spread is wide, but with two separate periods in 1999 and 2000 where the performance gap between the two indices was nearly double the current level, that was a period where the Nasdaq REALLY outperformed small caps.
To illustrate the magnitude of the Nasdaq's outperformance over the Russell 2000 from late 1998 through early 2000, the chart below shows the performance of the two indices beginning in October 1998. From that point right on through March of 2000 when the Nasdaq peaked, the Nasdaq rallied more than 200% compared to the Russell 2000 which was up a relatively meager 64%. In any other environment, a 64% gain in less than a year and a half would be excellent, but when it was under the shadow of the surging Nasdaq, it seemed like a pittance.

Share Price Performance

The US equity market made its most recent peak on June 8th. From the March 23rd low through June 8th, the average stock in the large-cap Russell 1,000 was up more than 65%! Since June 8th, the average stock in the index is down more than 11%. Below we have broken the index into deciles (10 groups of 100 stocks each) based on simple share price as of June 8th. Decile 1 (marked "Highest" in the chart) contains the 10% of stocks with the highest share prices. Decile 10 (marked "Lowest" in the chart) contains the 10% of stocks with the lowest share prices. As shown, the highest priced decile of stocks are down an average of just 4.8% since June 8th, while the lowest priced decile of stocks are down an average of 21.5%. It's pretty remarkable how performance gets weaker and weaker the lower the share price gets.

Nasdaq 2% Pullbacks From Record Highs

It's hard to believe that sentiment can change so fast in the market that one day investors and traders are bidding up stocks to record highs, but then the next day sell them so much that it takes the market down over 2%. That's exactly what happened not only in the last two days but also two weeks ago. While the 5% pullback from a record high back on June 10th took the Nasdaq back below its February high, this time around, the Nasdaq has been able to hold above those February highs.
In the entire history of the Nasdaq, there have only been 12 periods prior to this week where the Nasdaq closed at an all-time high on one day but dropped more than 2% the next day. Those occurrences are highlighted in the table below along with the index's performance over the following week, month, three months, six months, and one year. We have also highlighted each occurrence that followed a prior one by less than three months in gray. What immediately stands out in the table is how much gray shading there is. In other words, these types of events tend to happen in bunches, and if you count the original occurrence in each of the bunches, the only two occurrences that didn't come within three months of another occurrence (either before or after) were July 1986 and May 2017.
In terms of market performance following prior occurrences, the Nasdaq's average and median returns were generally below average, but there is a pretty big caveat. While the average one-year performance was a gain of 1.0% and a decline of 23.6% on a median basis, the six occurrences that came between December 1999 and March 2000 all essentially cover the same period (which was very bad) and skew the results. Likewise, the three occurrences in the two-month stretch from late November 1998 through January 1999 where the Nasdaq saw strong gains also involves a degree of double-counting. As a result of these performances at either end of the extreme, it's hard to draw any trends from the prior occurrences except to say that they are typically followed by big moves in either direction. The only time the Nasdaq wasn't either 20% higher or lower one year later was in 1986.

Christmas in July: NASDAQ’s Mid-Year Rally

In the mid-1980s the market began to evolve into a tech-driven market and the market’s focus in early summer shifted to the outlook for second quarter earnings of technology companies. Over the last three trading days of June and the first nine trading days in July, NASDAQ typically enjoys a rally. This 12-day run has been up 27 of the past 35 years with an average historical gain of 2.5%. This year the rally may have begun a day early, today and could last until on or around July 14.
After the bursting of the tech bubble in 2000, NASDAQ’s mid-year rally had a spotty track record from 2002 until 2009 with three appearances and five no-shows in those years. However, it has been quite solid over the last ten years, up nine times with a single mild 0.1% loss in 2015. Last year, NASDAQ advanced a solid 4.6% during the 12-day span.

Tech Historically Leads Market Higher Until Q3 of Election Years

As of yesterday’s close DJIA was down 8.8% year-to-date. S&P 500 was down 3.5% and NASDAQ was up 12.1%. Compared to the typical election year, DJIA and S&P 500 are below historical average performance while NASDAQ is above average. However this year has not been a typical election year. Due to the covid-19, the market suffered the damage of the shortest bear market on record and a new bull market all before the first half of the year has come to an end.
In the surrounding Seasonal Patten Charts of DJIA, S&P 500 and NASDAQ, we compare 2020 (as of yesterday’s close) to All Years and Election Years. This year’s performance has been plotted on the right vertical axis in each chart. This year certainly has been unlike any other however some notable observations can be made. For DJIA and S&P 500, January, February and approximately half of March have historically been weak, on average, in election years. This year the bear market ended on March 23. Following those past weak starts, DJIA and S&P 500 historically enjoyed strength lasting into September before experiencing any significant pullback followed by a nice yearend rally. NASDAQ’s election year pattern differs somewhat with six fewer years of data, but it does hint to a possible late Q3 peak.

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 26th, 2020


STOCK MARKET VIDEO: ShadowTrader Video Weekly 6.28.20

Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $MU
  • $GIS
  • $FDX
  • $CAG
  • $STZ
  • $CPRI
  • $XYF
  • $AYI
  • $MEI
  • $UNF
  • $CDMO
  • $SCHN
  • $LNN
  • $CULP
  • $XELA
  • $KFY
  • $RTIX
  • $JRSH
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.29.20 Before Market Open:


Monday 6.29.20 After Market Close:


Tuesday 6.30.20 Before Market Open:


Tuesday 6.30.20 After Market Close:


Wednesday 7.1.20 Before Market Open:


Wednesday 7.1.20 After Market Close:


Thursday 7.2.20 Before Market Open:


Thursday 7.2.20 After Market Close:


Friday 7.3.20 Before Market Open:


Friday 7.3.20 After Market Close:


Micron Technology, Inc. $48.49

Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Monday, June 29, 2020. The consensus earnings estimate is $0.71 per share on revenue of $5.27 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.40 to $0.70 per share. Consensus estimates are for earnings to decline year-over-year by 29.00% with revenue increasing by 10.07%. Short interest has increased by 7.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 0.9% below its 200 day moving average of $48.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 46,037 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 8.4% move in recent quarters.


General Mills, Inc. $59.21

General Mills, Inc. (GIS) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.04 per share on revenue of $4.89 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.30% with revenue increasing by 17.50%. Short interest has decreased by 9.4% since the company's last earnings release while the stock has drifted higher by 2.7% from its open following the earnings release to be 7.8% above its 200 day moving average of $54.91. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, June 24, 2020 there was some notable buying of 8,573 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 3.0% move in recent quarters.


FedEx Corp. $130.08

FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.42 per share on revenue of $16.31 billion and the Earnings Whisper ® number is $1.65 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 71.66% with revenue decreasing by 8.41%. Short interest has increased by 10.4% since the company's last earnings release while the stock has drifted higher by 43.9% from its open following the earnings release to be 7.6% below its 200 day moving average of $140.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 25, 2020 there was some notable buying of 1,768 contracts of the $145.00 call expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 7.7% move in recent quarters.


Conagra Brands, Inc. $32.64

Conagra Brands, Inc. (CAG) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.66 per share on revenue of $3.24 billion and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 83.33% with revenue increasing by 23.99%. Short interest has decreased by 38.3% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 6.4% above its 200 day moving average of $30.68. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 3,239 contracts of the $29.00 put expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 10.8% move in recent quarters.


Constellation Brands, Inc. $168.99

Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.91 per share on revenue of $1.97 billion and the Earnings Whisper ® number is $2.12 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 13.57% with revenue decreasing by 13.69%. Short interest has increased by 20.8% since the company's last earnings release while the stock has drifted higher by 25.2% from its open following the earnings release to be 5.2% below its 200 day moving average of $178.34. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 888 contracts of the $195.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 5.7% move in recent quarters.


Capri Holdings Limited $14.37

Capri Holdings Limited (CPRI) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $0.32 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.73 per share. Consensus estimates are for earnings to decline year-over-year by 49.21% with revenue decreasing by 12.20%. Short interest has increased by 35.1% since the company's last earnings release while the stock has drifted lower by 56.7% from its open following the earnings release to be 44.0% below its 200 day moving average of $25.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 11,042 contracts of the $17.50 put expiring on Friday, August 21, 2020. Option traders are pricing in a 10.8% move on earnings and the stock has averaged a 6.7% move in recent quarters.


X Financial $0.92

X Financial (XYF) is confirmed to report earnings at approximately 5:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.09 per share. Investor sentiment going into the company's earnings release has 25% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 55.00% with revenue increasing by 763.52%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 37.7% below its 200 day moving average of $1.47. Overall earnings estimates have been unchanged since the company's last earnings release. The stock has averaged a 4.9% move on earnings in recent quarters.


Acuity Brands, Inc. $84.45

Acuity Brands, Inc. (AYI) is confirmed to report earnings at approximately 8:40 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.14 per share on revenue of $809.25 million and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.90% with revenue decreasing by 14.60%. Short interest has increased by 48.5% since the company's last earnings release while the stock has drifted higher by 2.4% from its open following the earnings release to be 23.4% below its 200 day moving average of $110.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 8.2% move in recent quarters.


Methode Electronics, Inc. $30.02

Methode Electronics, Inc. (MEI) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.77 per share on revenue of $211.39 million. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.19% with revenue decreasing by 20.53%. Short interest has increased by 6.2% since the company's last earnings release while the stock has drifted lower by 1.7% from its open following the earnings release to be 9.0% below its 200 day moving average of $32.97. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 8.1% move in recent quarters.


UniFirst Corporation $170.54

UniFirst Corporation (UNF) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.17 per share on revenue of $378.28 million and the Earnings Whisper ® number is $1.25 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 52.44% with revenue decreasing by 16.63%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 14.1% from its open following the earnings release to be 8.4% below its 200 day moving average of $186.14. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.0% move on earnings in recent quarters.



What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead StockMarket.
submitted by bigbear0083 to StockMarket [link] [comments]

Spread width question

So I've recently gotten back into vertical spreads, which I previously didn't care for too much.
I'm watching a TT video about picking the width, where they say they do a minimum of $3 because it will create a binary trade (win or lose, nothing in between). This makes sense, and cuts down on commissions which is great.
But, doesn't that expose one to more risk of assignment on the short leg without the long leg covering it? Every once in a while I see a horror story on here or /options where someone got assigned and burned their account because they're effectively controlling $70k in stock (or some other obscene number). Like that $730k RH suicide.
Bonus question: why is it always an absolute $ width? For example, in a bull put spread on TSLA, strikes are in $5 increments, and the price of the underlying is obviously very high. Does that satisfy the width criteria for a good spread, or would you want to go wider?
submitted by Bigmealplantime to thetagang [link] [comments]

[f][lamenters] No Respite

If you're interested in reading more of my guff, you can find me over on AO3.
The faintest of ripples slunk along the water’s dark surface, grasping and clinging to the cracked stone and half-rotten wood of Belamor’s docks. A host of creatures - caped moths, skimmers, fat-bodied insects - skimmed just above the ogling, eager eyes of harbour fish as they swam through the human detritus that found its way from city to harbour. It promised to be an evening of anticipation: when the fliers came too close to the water, when they clumped and swarmed, only then would those below strike. Until then…
A stalk of metal slid up through the grungy liquid. Fish and insects scattered away from the intrusion in their nightly dance. A smooth pane of dusky yellow metal followed, rounded in the curvature of a skull. Then came the crimson-filled sockets, unblinking, focused on the shoreline ahead.
Helix Adept Cabar pushed himself through the sucking mud and slime to gain a firm footing on what could be loosely considered solid ground. Garbage, seaborne weeds and overconfident leeches clung to his armour. He’d walked up and down the collected centuries of trash that a moderately busy port accumulates, and - while there were certainly some things in the muck that would be of no small interest to Imperial scholars - the Space Marine had no desire to go back any time soon.
There were more pressing matters, his desires notwithstanding.
Cabar dropped the wrecked half-corpse he’d been carrying into the muck. When the Infiltrator Squad had made their daring assault on the Drukhari hover-barge, the fighting had been intense, requiring the demi-Apothecary to focus much more on combat than his usual work of triage and progenoid extraction. Forced up and over the side, he’d had only a moment to drag one of his attackers with him before falling away from the battle.
The intention had been to interrogate the xeno for information. Not the greatest plan in the world, considering their resistance - even enjoyment - of most persuasive techniques. If nothing else, it would have been satisfying to end the creature personally.
Still. Looking down on the ragged torso - the lower half had snagged on something during their underwater trek and been torn away - the outcome was acceptable. The withered body, the pale skin torn away in strips, the empty holes in the skull where eager scavengers had made their way in for the juiciest morsels, the shelled things slithering up exposed entrails. It did the hearts good to see one of that arrogant species laid so crassly low.
A civilisation might rule the stars for untold aeons, but this was the fate of all aliens: dead in the mud with vermin eating their insides. Even the oldest races of the galaxy would be food for worms in the end. Only the Imperium would endure.
‘Cabar to squad,’ he tried on the vox. No response was forthcoming, but he hadn’t expected one. Both the Drukhari and Imperials were making good use of wide-spectrum jamming equipment, attempting to foul the other side’s use of communications and sensitive technologies. Both had intended their goals to be accomplished in secret. The pitched battle in a hovercraft, bolters blazing and war-cries bellowing, had put something of a tarnish on that objective.
Then again, as the Helix Adept looked up at the sheer stone wall that separated the dock proper from incoming vessels, maybe stealth had never been possible, to begin with. The number of moored ships was suspiciously low for a berth of this volume, and there were no raised voices from harbourside bars or crews burning the midnight oil. Not even the retch, pitch and piss of drunks and vagrants.
Just the slow, endless wash of breakers on shore, the creak of timber and the low hum of power armour. A city holding its breath as the binary moons hid their pale, pocked faces behind a veil of clouds.
Cabar’s leap took him a good two-thirds of the way up the wall, the slip-activated spikes of the Phobos boots digging in to anchor him. He reached up to grasp a mooring peg, an ancient iron affair coated with rust and grime, hauling himself up and over the quay’s lip in a combat crouch. His suspicions had been correct. The harbourside was deserted. Pubs were closed, their lanterns extinguished. Hand-carts and stalls had been pushed hurriedly off the cobbled path, their owners far more concerned about getting indoors than their worldly possessions.
The Marine scuttled across the few metres of open space, head low, trusting in the muddy yellow of his camouflaged armour and broken line of sight. It was hardly a dignified advance, but this wasn’t the time for Codex-standard tactics. He came up under the awning of a closed shopfront, considering his options.
Vile as the Drukhari were, they lived their lives in the gutters, spires and shadows of their Dark City, fighting and dying in the dark. Belamor was a city nestled in the rising cusp of a hill - the staggered, uneven houses, steeples and manses formed a network of blind alleys and kill-zones. To approach the city from the harbour was teetering on the edge of suicide against an entrenched enemy, particularly one so suited to the terrain.
All Cabar could hope for was that his battle-brothers had cost the xenos time and manpower. If the web was already drawn across the city, if there were Kabalites on rooftops with splinter rifles, he was finished, no matter his courage or ability. His own bolt carbine was currently somewhere on the bottom of the harbour, and weaponry fit for Astartes was unlikely to be present on the world for few thousand years yet.
The hidden opponents would know that. They’d fought Space Marines before, that had been obvious in the quickness of their reaction to the boarding attack and their splitting of the Infiltrator squad. Anybody who’d survived an assault from the Angels of Death knew that unity was their greatest strength. A Space Marine alone was formidable, but in formation - well, they’d won the galaxy as Legions. The Drukhari would know what to expect from an unarmed warrior: a bull rush, a death-or-glory charge that would see him take a weapon or die in the process.
They’d anticipate him putting all his trust in his wargear, praying the plate would turn the venom-needles and daggers, would carry him into melee where he could snatch a weapon and fight back on more equal footing.
What they wouldn’t anticipate was subtlety. Cabar was just a wretched monkeigh, after all. No matter how badly his squad had hurt them, no matter how tired they were from the fight, how little time they’d had to spread through Belamor, they’d never be too cautious of a primitive. They’d fall into the same trap so many of their kind had before. How much trouble could a lone Space Marine be?
But this was what the genius of Frater Cawl and the shrewdness of Lord Guilliman had come together to create. The Vanguard had been made to do things not even the Imperium could reckon with, let alone their long-time foes.
Cabar blink-clicked the runes that marked his armour’s cutting-edge functions. As the low-level scan pulsed out, he turned his immediate attention to his surroundings. The window of the store could provide interesting possibilities, but breaking it would give away his location and his only advantage. It appeared to be some kind of tannery, judging by the signage and rack of skins behind the glass. There’d be tools inside. Flensing knives, hatchets, deboning implements - but he’d need to find a way inside first, and the padlocked door may as well have been the Eternity Gate.
Scan results filtered into his helm. Nothing that registered as a body’s heat signature, either human or alien. All the mortal residents of Belamor were cowering indoors, and the Kabalites wore temperature-stable armour. Effective for blending into a crowded city, or the brutal underbelly of Commorragh, but in a city without active industry or an active population…
Yes, that was it. Impossible to get a direct fix, but there they were - shadows colder than shadows should be. Not as many as Cabar had expected, but closer by far. He must have arrived right on their heels.
He touched the bleeding heart on his pauldron. The sacrifice of his squad had bought him more than time, it had bought him an opportunity. The xenos had no time to fortify or regroup. They had simply left a disorganised rearguard before plunging into the city in force themselves, desperate to reach their target before further opposition appeared.
Creeping along the storefront, Cabar shut down the higher electronics and functions of his armour. The hum faded away entirely. The time for high-tech war was done. From this point, Cabar’s war would be won or lost by skill - and chance.
‘For those we cherish,’ he whispered. The second part of the motto would have to speak for itself when he was done.
He moved more quietly than anything wearing ceramite had a right to, pressed close against the storefronts and closed doors, waiting for clouds to veil the twin moons before he made his final approach. A lean-to had been propped against a warehouse wall - Cabar could smell the sickness coming from it, his helm’s air-filers having powered down. A beggar or similar unfortunate soul had camped out here, seeking alms, but more likely receiving kicks and abuse from the dockside crowd.
Offering a wide view of the harbour and the streets leading into the city, it was just the right place for vermin to hide. A man in a hurry to charge his foes wouldn’t have given it a second thought, would have concentrated on dark alleys and flat rooftops. A man in a hurry would have been taken in the back or flank by a clever, clever opponent.
Cabar had learned patience and endurance well. His Chapter had been on the wrong side too often in the past, had been drawn into losing battles because of haste or ill-consideration.
Not this time.
His leap was silent, graceful, devastating. Cabar came down with both feet on the lean-to, rewarded with an incredibly satisfying crunch as his full weight came down on a hidden xeno. A blade tore through the sheeting to his left - a second attacker - and Cabar caught the briefest glimpse of a pale, surprised face through the tear as he swayed away. He didn’t wait for the counterstrike. One giant fist crashed into the fabric where the xeno’s skull had been, and the piston of Cabar’s Helix Gauntlet - made to crack open Space Marine armour to extract the progenoid organs - fired with a muffled crump. The figure beneath the canvas went slack.
Glancing down, Cabar saw where bone had come through sheeting and blood had already started to pool around his boots. He stepped off quickly. He had no desire to leave an easy trail to follow, though neither of the Drukhari would be likely to track him in the near future unless a very skilled and very patient Haemonculus was nearby.
The Space Marine tossed the bodies thoroughly and swiftly. He discounted the vicious pistols and the splinter rifle. Neither had been made with human standard in mind, and Drukhari equipment was notoriously unfriendly to unpracticed wielders. The more practical weapons - weighted throwing daggers, a barbed garrotte - went into sealed pouches on Cabar’s combat harness. Hefting the long-knife the second xeno had wielded, the Adept considered a moment before casting it aside.
There was no telling how the thing would work in real combat, if it would turn into a snake and wind its way up his arm or something equally outrageous. Better not to rely on the fickle nature of the enemy’s armaments when his own Emperor-given hands would serve for the nonce.
With this blunder, the Drukhari had committed the very error they had expected of Cabar. They had focused on their mission rather than the destruction of their enemies…
There is no pleasure in Sybarite Tzamien’s work.
She knew this from the start, but she still curses herself for allowing the objectives to be so tightly defined by the Archon. Perched on a monkeigh mansion’s crude iron weathervane, wrought in the image of some ridiculous prey animal, she surveys the silent city of Belamor through enhanced optics. There isn’t a soul outdoors to ‘accidentally’ gut, no screams to be torn from the crude people below. There’s nothing.
And even less than that, as she feels the sudden absence of the two-person ambush team from her neuro-link. She grits her teeth. There had been no time to pursue the fallen Space Marine, no time to inflict proper pain upon those who had remained - the attack had cost her forces valuable time, valuable lives, and those losses were compounding.
It wasn’t the human warriors she was concerned about. Certainly not the cattle below. But other forces moved in this filthy abode, and it was to avoid their attention that secrecy and swiftness had been made paramount.
Tzamien curses. She activates her communicator. ‘Rezoar. Belom. Take your squads to the junction. Ensure the monkeigh goes no further.’
‘Do you want it alive?’ comes the reply. She can’t tell which of the twins it is.
The temptation is strong. There is glory to be had in such a capture - after Tzamien had instructed it in the arts of anguish first, of course, for dogging her heels. ‘No,’ she replies, and the reluctance is genuine. ‘Be quick, then return to your search pattern. We must be gone before dawn.’
‘I hear and obey, Sybarite.’
Tzamien puts the Space Marine from her mind. Now, if she were a pathetic human, where would she hide?
In the shadows behind a low stone wall, Cabar hid.
He’d pushed up as far and fast as he’d dared, knowing that with his information warfare suite disabled the Drukhari would be able to organise and encircle him unhindered. The rapidity of their response had still nearly caught him by surprise: it had been a mix of paranoia and the filtering of sounds that might have been a cat on a tiled roof that had caused him to take cover.
The xenos had decided that their quarry wouldn’t risk the rooftops and exposure under the intermittent moons, but nor could they remain aloft themselves at the risk of letting the Space Marine slip through their net.
In the brutal street-fighting of the Dark City, there was only one way to deal with an opponent who refused to commit to honest battle - overwhelming force. The six members of a Kabalite squad leapfrogged each-other down the street that a moment earlier Cabar had been about to ascend. Each was intimately aware of the others positioning, indicating experience and comfort with their fellows - veterans, or whatever passed for it in the motley armed forces of the Drukhari. In a few seconds, the flankers would be coming over or around the stone wall.
Cabar judged their positions by what he could see - two on the far side of the street, two haunting the middle, which meant two would be about to expose him. He’d have only a few seconds once they did to make his move.
When the first xeno vaulted the barrier, the Adept grabbed the alien’s head, muffling its shocked exhalation. His other arm shot out to lock the rifle against his opponent’s chest, unable to fire. They stood in tableau for a precious moment - that simple span of time that it took for the flanker’s partner to believe it was safe to proceed.
As soon as the second Drukhari was starting to clear the wall, Cabar crushed the first’s skull in his grip. There was little resistance against a force that could tear plates off a tank. Cabar turned to put the corpse between him and his next foe in case the Kabalite was quicker on the draw, but the xeno barely had time to land before the Space Marine’s fist was lashing out. Another skull shattered under a merciless, instantly lethal blow.
Cabar completed his turn, discarding the first corpse and checking the second’s fall, but to do so he had to release his grip on the splinter rifle which clattered on the cobbles. In an instant, the Adept had whipped the throwing daggers from his belt and into the space he’d last sighted the xenos pair in the middle of the street before vaulting the wall himself, exchanging positions with the unlucky duo he’d slain.
Only one of Cabar’s thrown weapons found its target, sending a Kabalite gurgling and thrashing to the ground, but the three remaining reacted without hesitation, showering the far side of the low wall with rifle fire. Crystalline splinters snapped and broke on stone, failing to find a target into which to discharge their lethal poison.
The Drukhari would adjust their fire in a moment. They’d snapped shots out at the appearance of a threat rather than the threat itself, and in a moment they’d deduce that the Space Marine had slipped from cover. A moment, that’s all they needed to survive. A mere moment.
But in that thin slice of time, Cabar was already moving, circling, pushing his transhuman body and the marvellous engineering of Mark X armour to their limits. The Drukhari were faster than a base human. The Aeldari as a species were renowned for their unnatural grace and agility, their incredible control, their mindfulness. The Dark Kin took those racial advantages and honed them to the keenest of edges in their ruthless society, a society that forged vicious killers whose names were feared across the galaxy.
It wasn’t enough.
Cabar lowered his shoulder and ran through the surviving Kabalite before she had a chance to correct her aim. Bones broke, blood sprayed, but the Adept didn’t pause to see the damage - he’d incapacitated the foe, yet two remained.
The last pair split in either direction, hoping to force the Space Marine to pause, or at least choose badly. Dull spines protruded from beneath the barrels of their rifles: fearsome monomolecular blades that would pare even ceramite with the ease of a fisherman shucking shells. With no time to properly aim, with no guarantee that the splinters would find a seal or groove in power armour, and with no certainty that the poison would be fast enough or effective enough to bring their target down, the Kabalites chose to make their stand in the ancient way.
It was an audacious move. The machine-spirit of Cabar’s armour shrieked as a thrust pierced his side, flush along his ribs. His response was instinctive: he kicked the xeno in the chest, the force defeating the light weave the Kabalite wore and pulping every major organ in the alien’s torso.
The other Kabalite was more ambitious, aiming her thrust for Cabar’s head - but it was a smaller target, and he ducked to the side to escape harm, the momentum from his kick carrying him past. The Adept turned a fraction of a section faster than his opponent, his elbow slamming into the Kabalite’s skull with enough force to snap her neck.
Alone in the street, Cabar breathed hard. There was a fierce fire in his chest: he willed the hammering of his hearts to slow. His attack had been ill-advised and exactly the sort of suicidal foolishness that would have seen him dead to begin with, but the enemy had expected a war of stealth in their fresh pursuit. Keeping them off-balance and uncertain gave him certain advantages, but it also ran terrible risks. The red haze at the corner of his vision, the prick of his angel’s teeth on his lips - the twin curses of the Blood Angels had been passed down to their Successors, and the Lamenters were familiar with both.
Many had thought the Primaris immune, or at least resistant - that brief hope had been quashed in the most tragic way. Cabar shook his head, and the red retreated - for the moment. He needed all his wits about him, more than the strength that the Thirst would offer.
Think. To reach him so quickly, the Drukhari would have to have been searching close by. They would not have done so in ignorance, meaning they had an idea of where their quarry was located - not on the harbourfront, but close to it, likely in the thin band of workshops and light industry that banded Belamor like a notched belt overtaken by a protruding gut. That made sense.
Why hide in that fortress on the hill, or the district of the rich and privileged? Too obvious. A mind shrewd enough - or at least, a person connected enough - to divine the coming of a Drukhari raid would have thrown themselves down the deepest bolthole in town.
There were few places more well-known as dens of intrigue and secrecy than bars and brothels, of which Belamor was blessed with an abundance of, but only one was more than a century old. Only one proudly hung a weather-stained sign of a grinning rodent outside its door. Only one tavern had been owned and operated by Belamor’s current de facto leader in his misspent youth.
Sybarite Tzamien idly licked the blood from her gloves.
It wasn’t particularly satisfying, but one had to keep up appearances. To command a detachment of Kabalite Warriors was not a given rank, it was decided within by the warriors themselves - with knives in the back whenever weakness was shown. Her leadership had been unquestioned, and her forces continued to obey her without comment, but Tzamien was not ignorant of her position.
Rezoar and his squad were dead. That was a shame, but more importantly, they were dead on her orders. That was weakness, and far more dangerous.
This was supposed to be simple. How had things gone so wrong?
Was she losing her touch? Or was there a mole inside the Kabal, feeding information to her enemies? Had the Space Marines had another warband close by? It seemed strange that a lone warrior - and a medic at that - would be so immediately lethal. Was the Imperial attack simply being used as cover by a rival - hers or her Kabals - to spoil the raid and steal their prize?
The endless politics of the Dark City were delight and despair in equal measure, but if Tzamien hadn’t enjoyed them, she would have fled to the cold embrace of the new, dead god with the others.
‘Kill me,’ begged the monkeigh offal through a mouth of pulled teeth, the blood staining his blue doublet a delicious shade. ‘Please, kill me.’
He’d given the target’s location before Tzamien had even started on the man’s fingernails. It was pathetic, really, and barely worth her effort - but, as she’d acknowledged, appearances had to be kept up and it wouldn’t do to have the Kabal sniffing out any sign of shakiness or lack of resolve. They’d turn on her like gral in a blood-den.
Tzamien considered letting Belom know his brother had died, then decided against it. The fool would only hurry over to spoil her fun. She’d take her prize alone and wait for whatever forces had been interfering with her affairs, and let them know just how displeased she was.
‘Kill me,’ the wretch repeated.
‘Later, perhaps,’ she replied with her most winning smile.
The man let go of his bowels at last.
Tzamien left him crucified on the terrace, lithely moving down to the streets below, aglow with the satisfaction of pain, terror and a job well done.
submitted by wecanhaveallthree to 40kLore [link] [comments]

[Tabletop Gaming] Internet Man Yells at Book, a tale of r/Shadowrun getting outraged at dumb optional rules

I’ve already talked a bit about Shadowrun as a game and the dumpster fire with a warehouse that is their current publishing company (link here), so here’s a couple stories about the shadowrun community here on reddit.
First, a bit of background. Along with your character’s skills, gear, and attributes, Shadowrun gives you the ability to customize your character with Qualities. These are little quicks, flaws, and character traits that have mechanics and a karma cost (or karma bonus, in the case of negative qualities attached to them). These can be anything from being in debt to the mob to being racist to having a really forgettable face to being able to get invites to go Scrooge McDuck money pit swimming with the CEO of Saeder-Krupp. There’s nothing that forces you to take these, and outside of providing trap options for new players there are some qualities (like the one which makes you roll to determine if you suddenly die at the start of every session) that never get serious play. So nothing to complain about if a really shitty quality is published, right?
That’s not how RPG fandom works.
Enter Shadowrun, a small and vocal community whose favorite pastime is talking shit about the game they play. There’s dozens of us, and the best sort of shit talking about Shadowrun is shit talking about meaningless minutiae that’s totally optional to play.
Your Spirit Animal is an SJW
Around the peak of 5e’s attempts to shed its cyberpunk influence and turn into a near-future urban fantasy game, a metaplot supplement called Book of the Lost was published. The overarching plot introduced by the book was the Deck of the Lost, a powerful magical artifact that amounts to a Deck of Many Things (and which CGL also sold for a pretty penny) that had most of the sub grumbling to begin with. Then someone noticed the Goddess mentor spirit quality.
Mentor spirits are a pretty interesting use of the quality system. Basically, a spirit guide takes interest in you and advises you like a particularly pushy shoulder angel (or devil, depending on the mentor). The quality can only be taken by magic users, and along with giving a general bonus and a bonus specific to your type of magic, they also provide a thematic negative. As an example, the Chaos mentor spirit gives magicians it advises bonuses to social checks to lie and casting illusion spells, but makes them compulsive shitstirrers who’re compelled to spread rumors. Here’s the full text of the Goddess mentor spirit:
The Goddess has taken many forms in many different cultures. This is not simply a goddess; those who follow the Goddess totem recognize the inherent power of the divine feminine. Whether known by particular names such as Diana, Cybele, Ashera, Awilix, Isis, Ishtar, Freya, the Moon, Hera, or even the Madonna, the Goddess lifts up the sacredness of women. Some see the Goddess as providing an equally strong balance to divine males, while others follow the Goddess because they see her as stronger than any male counterparts. Whichever is true, the Goddess is the mediator of sacred knowledge and greater universal mysteries. Goddess reveals the hidden wisdom and strength in her followers.
ADVANTAGES All: +2 dice pool modifier for Instruction Tests. Magician: +2 dice pool modifier for Ritual Spellcasting Tests. Adept: 1 free level of Authoritative Tone. DISADVANTAGES: The Goddess refuses to take a backseat to any male counterparts. Unless you succeed in a Charisma + Willpower Test (3), you will not take orders from a male, or if a male disrespects you, you must respond with equal measure.
I’ll let you draw your own conclusions, but Shadowrun took a look at the new mentor spirit and decided it was a poor taste stereotype of SJWs. Much debate was held in the comments as to why the fuck CGL would print something like this and people generally took the quality the worst way possible. Some of the more constructive comments pointed out that A) making gender dynamics a thing Shadowrun’s otherwise gender neutral cosmology is weird and in poor taste and B) the mentor is disrespectful to actual Pagans who see the Goddess as part of their faith and who the quality does a very poor job of representing thematically. Eventually the writer responsible for the quality stepped in, explained their thought process behind the quality and admitted their mistake. Also someone had the brainwave of slapping the quality on a male character.
And after one thread of people blowing it way out of proportion, the Goddess mentor spirit faded into the background as a subpar option in a sidebar with no ToC reference in an underperforming supplement. But what happens when a writer drops the ball on something a little more relevant to day-to-day discussion about Shadowrun and ropes their super special snowflake character into the mix? Well...
Bull in a China Shop
A few months after Book of the Lost released, CGL dropped The Complete Trog, a book billing itself as ‘the definitive guide for ork and troll characters in Shadowrun’. Now, I can’t speak for previous editions but in 5e orks and trolls have been a touch contentious in the community. They serve as the setting’s systemically oppressed minority that writers can use to write unsubtle plots about fantasy racism and often get coded as POC by a predominantly white, male American writing team. Their starting stats (with bonuses to physical stats and limited mental stats) and place in the system’s default character creation method also make it really difficult to build an ork or a troll as something other than a melee powerhouse (a role they excel in) without being very familiar with the system. Also, the majority of orks have a genetic quirk that makes the age faster, reaching adulthood in their early teens and generally living no longer than 50. This will be important shortly.
Now, considering how much cyberpunk loves its oppressed groups and how orks and trolls could use a bit of love being anything other than a big dumb brutes, The Complete Trog had the potential to be a pretty great book on concept alone. Had the company in charge been anyone other than CGL.
Most of the book is pretty meh, all things considered. The fluff takes a quantity over quality approach and lacks the depth to be more than marginally useful, the art scattered throughout the book is of questionable quality, and the crunch added ranges from dumb to useless to baffling. And then there’s the human lifespan quality. Here’s the text:
HUMAN LIFESPAN COST: 10 KARMA This quality can only be taken at character creation. It replaces the ork’s normal average lifespan with that of a human, so they age and mature at a human rate. It has no other effect on the character.
For reference, 10 karma is 40% of the maximum karma points you can spend on qualities at character creation. For similar amounts of karma you can get qualities that make you a respected member of the mob, a stellar athlete, or a nationally famous figure, all with concrete mechanical crunch to justify the cost. This is just a backstory tax.
As was the case with the designated ‘dumb thing’ in every Shadowrun book, community uproar was in full swing within the day. Reactions ranged from ‘What the fuck?’ to ‘No, really. What the fuck?’ as people pointed out that taking the quality to make you live longer would reduce the amount of karma you could use to give yourself the skills, connections and qualities that longer lifespan would give you. Eventually, the writer responsible for the quality waded into the discussion to explain their reasoning behind the quality, but unlike the Goddess debacle from a few months prior, the community was less than amused with the writer’s rationale.
See, one of the main ways Shadowrun books impart fluff to the player is through Jackpoint- a sort of in-universe private chatroom/article sharing site populated by elite members of the shadowrun community. It’s basically 20-30 psychotic elitist assholes who play peanut gallery to whatever totally original body snatcher threat or obscure corporate plot the writers have cooked up. Over the years, various writers have grown attached to particular characters that they’ve built up within Jackpoint, some notable examples being Red the vampire, Plan9/10 the non-binary, trans-human gestalt, and Clockwork the evil sockpuppet.
There’s also Bull, an ork decker who’s the special character of the freelancer who came up with Human Lifespan. Bull, as far as orks go, is pretty old, and apparently Bull’s freelancer had been getting some questions as to how he could still be alive considering orks age faster than humans. Now, instead of doing the logical thing and saying Bull’s just one of the lucky mutants who has a roughly human lifespan and leave it at that because being long lived isn’t too mechanically impactful in a world where shadowrunners live fast and die young and some other races have lifespans measured in centuries or millennia, or that an incredibly rich shadowrunner spent some of his fortune on one of several age extension procedures that exist in Shadowrun’s setting, Bull’s freelancer decided to write a quality to explain how his special snowflake had lived so long. To make sure the number of ork characters who chose this quality was kept low (because remember, the vast majority of orks don’t live this long naturally), he made the cost prohibitively high.
As expected, the community was not pleased that the reason a rule this bad had made it to print was because a freelancer was tired of people asking about his special snowflake’s age while also seemingly not fully understanding how one of the major systems of the game he wrote for worked. Also despite this rationale given the book includes a character sheet for Bull which lacks the quality supposedly specifically designed for Bull, though this may be because character sheets printed in Shadowrun books are always riddled with errors. Eventually, people realized that, again, this was a completely optional choice buried in an underperforming fluff supplement that was so pointless that no one would ever use it, but unlike the Goddess mentor, Human Lifespan fed into criticisms of the mechanical blocks Shadowrun puts before ork and troll characters, so it still gets mentioned in discussion.
And with that criticism of actual things wrong with the game, Shadowrun could get back to the real things that needed discussion, like whether one of the freelancers was a Trump hating psychic who wrote a bit about hurricane Donald destroying Puerto Rico years before the 2016 election.
submitted by AGBell64 to HobbyDrama [link] [comments]

[LONG] My Story of Disillusionment with and Disappointment in the World and Myself

This might be a long one. I hope someone reads the thing, I put like 3 hours into writing it. A brief story of my life and how it all led up to this moment, where I am disillusioned with my self-image, my life choices, and certain aspects of the world, and have no idea what to do next. Warning: this whole thing might be a little depressing to read.
I am a 20yo Russian male. During my childhood, I was made to believe that I am capable of doing something great and doing better than anyone. At the same time I developed a very non-conformist life stance and very often rejected things and ideas simply because they were too popular for my taste, and I couldn't feel special whilst enjoying them. Of course, in turn, society rejected me, as it does with anyone who doesn't play by the rules. Oh well.
My only redeeming quality was that I considered myself pretty smart. Which is even easier to assume, when at the same time you think that you're different from everyone else. Now, I know that to some extent, I was indeed smarter than most people in certain areas. Unlike most people I knew back then, often with bare minimum efforts I was able to maintain near perfect grades at school. I was also enjoying learning new things and reading more than an average person. So, let's just say, I had a basis to assume I was a smart dude.
I wasn't happy and content with my life, though. I never had real friends, because I only hung out with people when they were my classmates/roommates/co-workers, and after we parted ways, I rarely if ever contacted them afterwards. I always enjoyed doing things you usually do in solitude more, because when I was alone, I wouldn't be afraid that someone could hurt me for being different. Because of that, I was never in a romantic relationship.
High School.
Still, life was going okay. By the end of school, I kind of accepted my social deficiency and I wanted to focus on improving the world and become a successful person - for myself. I was facing a dilemma, though. Despite the fact that I was doing great in school, the idea of having to invest four years of my time into studying something really specific, and then having to work another 20-30 years on the same job was terrifying, because I had no idea what I liked to do! Nothing seemed interesting to me, I didn't have a passion for doing anything... Thanks to my video game addiction, which made me lazy as fuck, probably. I also needed to meet my criteria for success with my future job, which included being financially successful. I grew up in top 1% income family, so... I always felt the pressure to outperform or at least match my parents' income.
Enter trading. My dad discovered investing several years ago (we don't live in US, so most of the people aren't as financially savvy, so he never thought about investing before then). I was always curious about financial independence and markets, but now I was seeing it all done in front of me, I realized that it might be a good opportunity to make a lot of money and become successful without being socially adept, which is something absolutely required in business or politics. So, I asked my father to open a brokerage account for me in the US, and started swing trading (trading in weekly/monthly time frames). I could only trade slow and small because of the trade restrictions put on accounts <$25k and <21yo in the US. Still, it was going well, but in hindsight I was just lucky to be there during a great bull market.
Even before I thought trading and more importantly investing were the ways smart people make money. I thought simply because I was conventionally smart, I had a talent or an innate ability to pick innovative stocks and do venture investing when I grow some capital. I truly believed in that long before I was introduced to financial markets, I believed that my surface level understanding of multiple areas of cutting edge and emerging technology would give me an edge compared to all the other investors.
US Community College and Return Back.
In the end, I've decided I want to go to a US community college and study finance and become a trader and later an investor, but I didn't want to work for a fund or something like that (lazy ass). I wanted to use my knowledge and skill and my own money to grow my net worth and make a living. I didn't really like the process of trading, I just needed the money to live by while I was trying to figure out what else to do with my life. Because I thought I were smart, I thought this would come easily to me. Boy was I wrong. From the nicest of conditions in my hometown, I was suddenly moved into a foreign setting, on the other side of the planet away form my family and mates, with a video game addiction and laziness that ruined my daily routine and studying as well. The fact that I didn't like my major was not helping. My grades fell from A- in the first quarter to C+ in the last. I gained +30% from my normal weight. I was stressed out, not going outside and sitting at my computer desk for days at a time, skipping all the classes I could if they were not absolutely essential for my grades, living on prepared foods. I never got out of my shell and barely talked to anyone in English, all of my friends were Russian speaking. I wasted an opportunity to improve my speaking, although aside from that my English skills satisfy me.
By the end of community college, last summer, I was left with B grades that wouldn't let me transfer anywhere decent, and the extreme stress that I put myself through started taking a toll on my mental health. I was planning to take a break and go back to Russia for several months, and transfer back to a US uni this winter. Needless to say, you can't run from yourself. It didn't really become much better after a few months in Russia. I didn't want to study finance anymore, because it was boring and I was exhausted. I still had the video game addiction, still was lazy and gained some more extra pounds of weight. I was not sleeping at all, extremely sleep deprived for months. Because of this and lack of mental stimulation I started to become dumber. And all that was happening where I didn't really have to do anything: not study or work, just sit around the house and do whatever I wanted. Turns out, these conditions didn't help me to get out of the incoming depression.
Finally, around November, when I already sent out all of my transfer applications and already got some positive answers from several universities, I knew I didn't have much time left at home, and I had to leave soon. But I really, really didn't want to go back. It was scarier than the first time. I was afraid of new changes, I just wanted for the time to stop and letting me relax, heal... I was having suicidal thoughts and talked about it with my family and my therapist. They were all supportive and helped me as much as they could. But I was the only person who could really help myself. If I wanted to breathe freely, I had to admit defeat and not go back to the US to continue my education. It was extremely hard at first, but then I just let go. I decided to find a temporary job as an English tutor and give myself time to think. Then I remembered that I had a bunch of money in my trading account. I still thought that I was pretty smart, despite failing college, so I figured, why not try move it to Russian brokers who don't have trading restrictions, and do it full time? Which is exactly what I did. And I started to study trading all by myself at a fast pace. I was now trading full time and it was going sideways: +10% in December, -20% in January. Then, something incredible happened. I was already in a shitty place in life, but I still had some hope for my future. Things were about to get much worse. I'm in the late January, and I discovered for myself that the whole financial industry of the world was a fraud.
Brief Explanation of My Discoveries.
In the image of the financial industry, there are several levels of perceived credibility.
In the bottom tier, there is pure gambling. In my country, there were periods when binary options trading and unreliable Forex brokers were popular among common folk, but these were obvious and unsophisticated fraudsters who were one step away from being prosecuted. There are also cryptocurrencies that don't hold any value and are also used only for speculation/redistribution of wealth. There is also a wonderful gambling subreddit wallstreetbets where most users don't even try to hide the fact that what they are doing is pure gambling. I love it. But the thing is, this is trading/investing for the people who have no idea what it is, and most people discredit it as a fraud, which it, indeed, is. These examples are 99% marketing/public image and 1% finance. But these offer x10-1000 returns in the shortest time span. Typical get-rich-quick schemes, but they attract attention.
Then, there is trading tier. You can have multiple sub levels here, in the bottom of this tier we would probably have complex technical analysis (indicators) and daily trading/scalping. I was doing this in the DecembeJanuary. At the top would be people who do fundamental analysis (study financial reports) and position trade (monthly time frames). Now, there is constant debate in the trading community whether technical analysis or fundamental analysis is better. I have a solid answer to the question. They work in the same way. Or rather, they don't work at all.
You'd ask: "Why you didn't discover this earlier? You were in this financial thing for several years now!" Well, you see, unlike on the previous level, here millions of people say that they actually believe trading works and there is a way to use the available tools to have great returns. Some of these people actually know that trading doesn't work, but they benefit from other traders believing in it, because they can sell them courses or take brokerage fees from them. Still, when there are millions around you telling you that it works, even a non-conformist like me would budge. Not that many people actually participate in the markets, so I thought that by being in this minority made me smart and protected from fraudsters. Lol. All it took for me to discover the truth is to accidentally discover that some technical indicators give random results, do a few google searches, reach some scientific studies which are freely available and prove that technical and fundamental analysis don't work. It was always in front of me, but the fucking trading community plugged my ears and closed my eyes shut so I wasn't able to see it. Trading usually promises 3-15% gain a month.
A huge shock, but surely there was still a way for me to work this out? Active investing it is!
The next level, active investing, is different from trading. You aim for 15-50% yearly returns, but you don't have to do as much work. You hold on to stocks of your choice for years at a time, once in a while you study the markets, re balance your portfolio, etc. Or you invest your money in a fund, that will select the stocks of their choice and manage their and your portfolio for you. For a small fee of course. All of these actions are aimed at trying to outperform the gain the market made as a whole, and so called index funds, which invest in basically everything and follow the market returns - about 7-10% a year. And if I ever had any doubts in trading, I firmly believed that active investing works since I was a little kid (yes I knew about it back then). And this is where the real fraud comes in.
The whole Wall Street and every broker, every stock exchange in the world are a part of a big fraud. Only about 10-20% of professional fund managers outperform the market in any 15 year period. If you take 30 years, this dwindles to almost nothing, which means that no one can predict the markets. These people have no idea what they are doing. Jim Cramer is pure show-business and has no idea what's going on. Warren Buffet gained his fortune with pure luck, and for every Buffet there are some people who made only a million bucks and countless folks who lost everything.
Wall Street. They have trillions of dollars and use all that money and power and marketing to convince you that there is a way to predict where the stocks are going without being a legal insider or somehow abusing the law. They will make you think you can somehow learn from them where to invest your money on your own or they will make you believe that you should just give it to them and they will manage it for you, because they know how everything works and they can predict the future using past data.
They won't. They don't. They can't. There are studies and statistics to prove it countless times over the span of a 100 years. But they will still charge you exchange fees, brokerage fees and management fees anyway. And they also manipulate certain studies, lobby where and when they need it, and spread misinformation on an unprecedented scale, creating a positive image of themselves. And everyone falls for that. Billions of people around the globe still think it's all legit.
Passive index investing is the last level. You just put your money in the market and wait. Markets will go up at a predetermined rate. If there's a crisis, in 10 years no one will even remember. Markets always go up in the end. But passive index investing can only give you only 7% inflation-adjusted returns a year. Not enough to stop working or even retire early, unless you have a high-paying job in a first-world country. I don't.
Despite all that, to put it simply, this is the only type of investing that works and doesn't involve any kind of fraud or gambling. It's the type of investing that will give you the most money. If you want to know why it is like that and how to do it, just go to financialindependence. They know this stuff better than any other sub. Better than investing, trading or any other sub where non-passive-index investing is still discussed as viable strategy.
Back to me.
My whole being was fucked over, my hopes and dreams and understanding of success and how this world works were shattered. I realized, I had no future in financial industry, because only middlemen make money in there, and I quit college needed to get there. Frankly, I wouldn't want to work there even if I had the opportunity. The pay is good, but the job is boring and I wouldn't want to be a part of this giant scheme anyway. But even if I wanted to go back, I also couldn't. Russia is in a worsening crisis and my parents could no longer afford a US university and now with coronavirus it's even worse. Good thing I quit before it all happened. I learned a valuable lesson and didn't lose that much money for it (only about 10% of my savings). God knows where it would lead me if I continued to be delusional. But now that my last temporary plans for the future were scrapped, I had no idea what to do next.
The future.
With the reality hitting me, I would lie if I say it didn't all come full circle and connect to my past. I realized that I was stupid and not intelligent, because I was living in a made-up world for years now. But even if I were intelligent, pure wit would not give me the success and fortune that I was craving, because trading and active investing were a no-go for me, and business/politics require a very different, extroverted mindset, different education and interest from my own. My only redeeming quality in a hopeless introvert world, my perceived intelligence was taken away from me and rendered useless at the same time.
Besides, failing at that one thing made me insecure about everything and now I think of myself as an average individual. So, if 8 out of 10 businesses fail, I shouldn't start one because I will probably fail. And if most politicians don't get anywhere, why should I bother? If average salary in my country is X, I shouldn't hope for more. I stopped believing in my ability to achieve something. First, I failed at education and now I failed... Professionally? I don't know how to describe it, but my life recently was just an emotional roller coaster. I just feel like a very old person and all I want calmness and stability in my life. I was very lazy before just because, but now I feel like I also don't want to do anything because I feel I would just fail. It feels better now I don't have to worry about trading anymore and I got rid of that load... But I am still miserable and perhaps worse than ever, maybe I just don't understand and feel it because I've become slow and numb. The only positive thing that happened to me recently, is that I finally started losing weight and about 1/4 of the way back to my normal weight.
As for my future, am looking at several possibilities here. So far the parents are allowing my miserable life to continue and they let me live with them and buy me food. I don't need anything else right now. But it can't go on like this forever. The thought of having a mundane low-paying job in this shithole of a country depresses me. I will probably temporarily do English tutoring if there's demand for such work. My old school friends want me to help them in their business and my dad wants me to help him in his, I and probably should, but I feel useless, pathetic and incapable of doing anything of value. And business just seems boring, difficult and too stressful for me right now. Just not my cup of tea.
I am also looking at creative work. I love video games, music, films and other forms of art. I love the games most though, so I am looking into game dev. I don't really like programming, I have learned some during school years, but the pay would probably be higher for a programmer than an creator of any kind of art. However, I think I would enjoy art creation much more, but I don't have any experience in drawing and only some limited experience in music production. And I am not one of these kids who always had a scrapbook with them at school. Having to make another life choice paralyzes me. I am leaning towards art. I don't feel confident in my ability to learn this skill from scratch, but I think it's my best shot at finding a job that would make me happy.
So perhaps, when this whole pandemic is over, I'll go to Europe and get my degree, get a job there and stay. American Dream is dead to me, and Europe is cheaper, closer, safe and comfortable. Just the thing for a person who feels like they are thrice their real age.
Thanks for coming to my TED Talk. Special thanks if you read the whole thing, it means a whole lot to me, an internet stranger. But even if no one reads it, feels good to get this off my chest. I actually cried during writing some parts. Holy shit, this might be the longest and smartest looking thing my dumbed down head could manage to generate since college. I hope that you're having a great day. Stay healthy and be careful during this fucking pandemic. All the best.
submitted by OberV0lt to TrueOffMyChest [link] [comments]

10 Crypto Halloween Costume Ideas

10 Crypto Halloween Costume Ideas
It’s almost Boo-time and we decided to give you some Halloween costume ideas if you want to be original this year. You may need to explain your costume to everyone who sees you, but what better way to spread some crypto love and get sweet treats at the same time? Enjoy these costume ideas and have a fun, safe night out there!
This is not financial investment advice. It’s fun!

Phantom FOMO
The classic ghost costume. This one will never get old and there are 1000 ways to play around with the idea of your spectacular spectre. A white sheet with eye holes will be your quickest way to implement an apparition option this Halloween season. Don’t miss the bus on this one, folks! You have to be a ghost this year. If you don’t go out as a poltergeist, then you you’re not gonna get all the best treats! Do it or else!

Somebody woke the hibernating beast just for the chance to get some candies?! A silent but violent creature… the bear can also be snuggly or playful. If you prefer the teddy bear over the version that nature has provided us, then think about adding a little bit of blood and guts. Teddy bears are always a little creepy anyways, so make your costume even more spooky by ripping out some stuffing and dragging it’s bloody, mangled mess behind you as you meander through the streets.

Bull (with matador?)
The iconic symbol of power and elegance… the bull charges the matador with the wavy red cloth. Bulls indicate a strong, upward-moving market, so this bull should appear strong and healthy. Maybe you can get some of those Texas Longhorns from the front of Bubba’s pickup truck and fasten them to your own head somehow. Just make sure you ask Bubba before you take his stuff.

Someone can have all sorts of fun making a costume of this hybrid crypto tycoon. Find clever ways of blending features of a whale and a bear together. Design your very own crypto chimera. Will you sport a whale head and blow hole and a big ol’ hairy bear butt? Or will you bare your sharp teeth while you flap your flippin’ fluke around for some treats this year?

Fiat coin
Folks from countries all over the world can have fun with this one. Find fun ways to exhibit your national coin money. You can even go all out and make yourself into a gold-plated coin. Just be careful. I hear that molten gold can burn you. If you’re not into being dipped into smelted precious metal, then you can opt for wrapping your coin costume in metal foil, or even spraying it with a metallic paint. Just because you are dressed up as fiat, doesn’t mean you need to huff the spray paint, too. So use it according to the label.

Silk Road Pirates
Aaaaaaarrrrguably the most famous underground traders this side of the Seven Seas, these silky smooth swashbucklers come and go as if trained by ninjas since birth. Pirate ninjas? Aye-aye! Have fun dressing up as your favorite digital bar maiden or binary buccaneer.

Because that’s what you drive for fun when you’re filthy rich from cryptos. Rub it in. Don’t make one out of cardboard and hang it from the walls of your red wagon while having your buddy pull you behind them with a rope tied to the back of their bike, Don’t do that. It’s lame. Just go buy a real Lambo and drive it.

This can go one of two ways. Let’s stay appropriate and maintain our dignity this Halloween by representing the moon as it actually exists in orbit above us. (or from some other angle if you’re joining us from beyond Earth’s gravity somewhere.) Nanu Nanu

The kind that don’t really blast off or blow up on the pad. Make it fun, like a huge toilet paper tube-framed rocket structure with a long length of huge rope dangling and dragging behind with sparks from a sparkler. If you start the night with 10 fingers, you should end up with 10… still connected. Be safe.

FUDge pop
This can be a huge upright popsicle like your typical wooden-handled pops. This particular pop happens to be multifaceted with 3 sides - each expressing a different emotion melting in it’s ooey gooey chocolatey goodness. Go nuts with this one, guys!


So, you have an awesome idea to dress up as some geeky crypto blockchain thing for Halloween? AWESOME! Do it and take pics and tag #coinbundlecom on Twitter with your costume idea! Thanks and be safe!

What are you dressing up as this year?Let us know in the comments!
submitted by CoinBundle to coinbundle [link] [comments]

FUD Copy Pastas

**Last updated: May 30, 2018: Updated wallet info with release of Trinity.
This 4 part series from the IOTA foundation covers most of the technical FUD centered at IOTA.
Also the official IOTA faq on answers nearly all of these questions if you want to hear the answers directly.
Purpose of Writing
Since posting FUD is so ridiculously low-effort in comparison to setting the record straight, I felt it necessary to put a log of copy-pastas together to balance the scales so its just as easy to answer the FUD as it was to generate it. So next time you hear someone say "IOTA is centralized", you no longer have to take an hour out of your day and spin your wheels with someone who likely had an agenda to begin with. You just copy-paste away and move on.
It's also worth mentioning IOTA devs are too damn busy working on the protocol and doing their job to answer FUD. So I felt a semblance of responsibility.
Here they are. These answers are too my understanding so if you see something that doesn't look right let me know! They are divided into the following categories so if you are interested in a specific aspect of IOTA you can scroll to that section.


IOTA was hacked and users funds were stolen!

First, IOTA was not hacked. The term “hacked” is thrown around way too brazingly nowadays and often used to describe events that weren’t hacks to begin with. Its a symptom of this space growing way too fast creating situations of the blind leading the blind and causing hysteria.
What happened:
Many IOTA users trusted a certain 3rd party website to create their seed for their wallets. This website silently sent copies of all the seeds generated to an email address and waited till it felt it had enough funds, then it took everyones money simultaneously. That was the ”hack”.
The lesson:
The absolute #1 marketed feature of crypto is that you are your own bank. Of everything that is common knowledge about crypto, this is at the top. But being your own bank means you are responsible for the security of your own funds. There is no safety net or centralized system in place that is going to bail you out.
For those that don’t know (and you really should if you’ve invested in anything crypto), your seed is your username-pw-security question-backup email all rolled into one. Would you trust a no-name 3rd party website to produce your username+pw for your bank account? Because thats essentially what users did.
The fix:
Make your seed offline with the generators in the sidebar or use dice. This is outlined in the “how to generate wallet and seed” directly following.
The trinity and carriota wallets will have seed generators within them upon their release.

How to generate wallet and seed

1) Download official trinity wallet here
2) follow the instructions on the app.
3) Do not run any apps in conjunction with the trinity app. Make sure all other apps are completely closed out on your device.

Are you sure a computer can’t just guess my seed?

An IOTA seed is 81 characters long. There are more IOTA seed combinations than atoms in the universe. All the computers in the world combined would take millions billions of years just to find your randomly generated one that’s located somewhere between the 0th and the 2781st combination. The chance for someone to randomly generate the exact same seed as yours is 1 / (2781).
If you can’t fathom the number 27 ^ 81, this video should help:

Why is Trinity wallet taking so long!!??

Trinity is out.


IOTA introduction video to share with family

Tangle visualizers

How to setup a full node

Download Bolero and run! Bolero is an all-in-one full node install package with the latest IOTA IRI and Nelson all under a one-click install!
"If you want to help the network then spam the network. If you really want to help the network then create a full node and let others spam you!"

No questions or concerns get upvoted, only downvoted!

That’s just the nature of this business. Everyone in these communities has money at stake and are extremely incentivized to keep only positive news at the top of the front page. There is nothing you're going to do about that on this subreddit or any crypto subreddit. It's just a reddit fact of life we have to deal with. Everyone has a downvote and everyone has an upvote. But what can be done is just simply answer the questions even if they are downvoted to hell. Yea most people wont' see the answers or discussion but that one person will. every little bit counts.
I will say that there are most certainly answers to nearly every FUD topic out there. Every single one. A lot of the posts I'm seeing as of late especially since the price spike are rehashed from months ago. They are often not answered not because there isn't an answeexplanation, but because regulars who have the answers simply don't see them (for the reason listed above). I can see how it's easy for this to be interpreted (especially by new users) as there not being an answer or "the FUDsters are on to something" but thats just not the case.

Developer's candidness (aka dev's are assholes!)
Lastly and to no surprise, David conducts himself very professionally in this interview even when asked several tough questions about the coordinator and MIT criticism.

IOTA Devs do not respond appropriately to criticism

When critiquers provide feedback that is ACTUALLY useful to the devs, then sure they'll be glad to hear it. So far not once has an outside dev brought up something that the IOTA devs found useful. Every single time it ends up being something that was already taken into consideration with the design and if the critiquer did an ounce of research they would know that. Thus you often find the IOTA devs dismissing their opinion as FUD and responding with hostility because all their critique is really doing is sending the message to their supporters that they are not supposed to like IOTA anymore.
Nick Johnson was a perfect example of this. The Ethereum community was co-existing [peacefully]with IOTA’s community (as they do with nearly all alt coins) until Nick wrote his infamous article. Then almost overnight Ethereum decided it didn’t like IOTA anymore and we’ve been dealing with that shit since. As of today, add LTC to that list with Charlie’s (even admitting) ignorant judgement of IOTA.
12/17/2017: Add John McAfee (bitcoin cash) and Peter Todd (bitcoin) to the list of public figures who have posted ignorantly on IOTA.

A lot of crypto communities certainly like to hate on IOTA...

IOTA is disrupting the disrupters. It invented a completely new distributed ledger infrastructure (the tangle) that replaces the blockchain and solves all of its fundamental problems (namely fees and scaling). To give you an idea of this significance, 99% of the cryptocurrencies that exist are built on a block chain. These projects have billions of dollars invested into them meaning everyone in their communities are incentivized to see IOTA fail and spread as much FUD about it as possible. This includes well known organizations, public figures, and brands. Everyone commenting in these subreddits and crypto communities have their own personal money at stake and skin in the game. Misinformation campaigns, paid reddit posters, upvote/downvote bots, and corrupt moderators are all very real in this space.


How do I buy IOTA

What is the IOTA foundation?

IOTA foundation is a non-profit established in Germany and recognized by the European Union. Blog post here:

How many companies and organizations are interested, partnered or actively using IOTA?

A lot, and often too many to keep up with.

How was IOTA distributed?

All IOTAs that will ever exist were sold at the ICO in 2015. There was no % reserved for development. Devs had to buy in with their personal money. Community donated back 5% of all IOTA so the IOTA foundation could be setup.

No inflation schedule? No additional coins? How is this sustainable?

Interestingly enough, IOTA is actually the only crypto that does not run into any problems with a currency cap and deflationaryism. Because there are zero fees, you will always be able to pay for something for exactly what it's worth using IOTA, no matter how small the value. If by chance in the future a single iota grows so large in value that it no longer allows someone to pay for something in fractions of a penny, the foundation would just add decimal points allowing for a tenth or a hundreth or a thousandth of an iota to be transacted with.
To give you some perspective, if a single IOTA equals 1 penny, IOTA would have a 27 trillion dollar market cap (100x that of Bitcoin's today)

IOTA is not for P2P, only for M2M

With the release of the trinity wallet, it's now dead simple for anyone to use IOTA funds for P2P. Try it out.

Companies technically don’t have to use the IOTA token

Yes they do
Worth clarifying that 0 iota data transactions are perfectly fine and are welcomed since they still provide pow for 2 other transactions and help secure the network. In the early stages, these types of transactions will probably be what give us the tps/pow needed to remove the coordinator and allow the network defend 34% attacks organically.
But... if someone does not want to sell or exchange their data for free (0 IOTA transaction), then Dominic is saying that the IOTA token must be used for that or any exchange in value on the network.
This is inherently healthy for the ecosystem since it provides a neutral and non-profit middle ground that all parties/companies can trust. If one company made their own token it wouldn’t be trusted since companies are incentivized by profits and nothing is stopping them from manipulating their token to make them more money. Thus, the IOTA foundation will not partner with anyone who refuses to take this option off the table.

All these companies are going to influence IOTA development!!

These companies have no influence on the development of IOTA. They either choose to use it or they don’t.

Internet of things is cheap and will stay cheap

Internet of things is one application of IOTA and considered by many to be the 4th industrial revolution. Go do some googling. IOTA having zero fees enables M2M for the first time in history. Also, if a crypto can do M2M it sure as shit can do M2P and P2P. M2M is hard mode.

IOTA surpassing speculation

IOTA, through the data marketplace and [qubic](, will be the first crypto to surpass speculation and actually be used in the real world for something. From there, it will branch out into other use cases, such as P2P. Or maybe P2P use of IOTA will grow in parallel with M2M, because why not?
12/19/17 update: Bosch reinforces IOTA's break-out from speculation by buying IOTA tokens for its future use in the data marketplace.

Investing in a new project barely off the ground

Investing in a project in its early stages was something typically reserved for wealthy individuals/organizations before ICO’s became a thing. With early investing comes much less hand holding and more responsibility on the user to know what they are doing. If you have a hard time accepting this responsibility, don’t invest and wait for the technology to get easier for you. How many people actually knew how to use and mine bitcoin in 2009 before it had all its gui infrastructure?
IOTA is a tangle, the first of its kind. NOT a copy paste blockchain. As a result wallets and applications for IOTA are the first of their kind and translating the tangle into a nice clean user-friendly blockchain experience for the masses is even more taxing.

Why is the price of my coin falling?!

This may be the most asked question on any crypto subreddit but it's also the easiest to explain. The price typically falls when bad things happen to a coin or media fabricates bad news about a coin and a portion of investors take it seriously. The price increases when good things happen to a coin, such as a new exchange listing or a partnership announced etc.. The one piece that is often forgotten but trumps all these effects is something called "market forces".
Market forces is what happens to your coin when another coin gets a big news hit or a group of other coins get big news hits together. For example, when IOTA data marketplace released, IOTA hit a x5 bull run in a single week. But did you notice all the other alt coins in the red? There are a LOT of traders that are looking at the space as a whole and looking to get in on ANY bull action and will sell their other coins to do so. This effect can also be compounded over a long period of time such as what we witnessed when the bitcoin fork FOMO was going on and alt coins were squeezed continuously to feed it for weeks/months.
These examples really just scratch the surface of market forces but the big takeaway is that your coin or any coin will most certainly fall (or rise) in price at the result of what other coins are doing, with the most well known example being bitcoin’s correlation to every coin on the market. If you don't want to play the market-force game or don't have time for it, then you can never go wrong buying and holding.
It's also important to note that there are layers of investors. There's a top layer of light-stepping investors that are a mixture of day traders and gamblers trying to jump in and jump out to make quick money then look for the next buying (or shorting) opportunity at another coin. There's a middle layer of buyers and holders who did their research, believe in the tech and placing their bets it will win out in the long run. And the bottom layer are the founders and devs that are in it till the bitter end and there to see the vision realized. When a coin goes on a bull run, always expect that any day the top layer is going to pack up and leave to the next coin. But the long game is all about that middle layer. That is the layer that will be giving the bear markets their price-drop resistance. That is why the meme "HODL" is so effective because it very elegantly simplifies this whole concept for the common joe and makes them a part of that middle layer regardless if they understand whats going on or not.


How is IOTA free and how does it scale

IOTA is an altruistic system. Proof of work is done in IOTA just like bitcoin. Only a user’s device/phone must do pow for 2 other transactions before issuing one of its own. Therefore no miners and no fees. And the network becomes faster the more transactions are posted. Because of this, spamming the network is encouraged since they provide pow for 2 other transactions and speed up the network.

IOTA is centralized

IOTA is more decentralized than any blockchain crypto that relies on 5 pools of miners, all largely based in China. Furthermore, the coordinator is not a server in the dev’s basement that secretly processes all the transactions. It’s several nodes all around the globe that add milestone transactions to show the direction of the IF’s tangle within the DAG so people don’t accidentally follow a fork from a malicious actor. Anyone with the know-how can fork the tangle right now with a double-spend. But no one would follow their fork because the coordinator reveals which tangle is the legit IF one. If the coordinator wasn’t there (assuming low honest-transaction volume), there would be no way to discern which path to follow especially after the tangle diverges into forks of forks. Once throughout of honest transactions is significant enough, the “honest tangle” will replace the coordinated one and people will know which one to follow simply because it’s the biggest one in the room.
Referencing the coordinator is also optional.
Also, if you research and understand how IOTA intends to work without the coordinator, it’s easier to accept it for now as training wheels. I suggest reading pg 15 and on of the white paper analyzing in great depth how the network will defend different attack scenarios without a coordinator. For the past several months, IOTA foundation has been using St Petersburg college’s super computer to stress test IOTA and learn when they can turn the coordinator off. There will likely be a blog about the results soon.
This is another great read covering double spends on IOTA without a coordinator:
This too:
Also this correspondence with Vitalik and Come_from_Beyond
At the end of the day, outstanding claims require outstanding evidence and folks approaching IOTA with a “I’ll believe it when I see it” attitude is completely understandable. It’s all about your risk tolerance.

Can IOTA defend double spend attacks?

99% of these “but did they think about double spend attacks?” type questions could just be answered if people went and did their own research. Yes of course they thought about that. That’s like crypto101…

Will IOTA have smart contracts?

Yes -

Trinary vs binary?

"By using a ternary number system, the amount of devices and cycles can be reduced significantly. In contrast to two-state devices, multistate devices provide better radix economy with the option for further scaling"

Bitcoin with lightning network will make IOTA obsolete.

If you want lightning network, IOTA already released it. Called flash channels.

IOTA rolled its own crypto!
This is why:
Cybercrypt has been hired to review and audit it. IOTA is currently running SHA-3/KECCAK now until Curl is ready.

MIT said bad things about IOTA
And for official formal closure that MIT was completely wrong:

Nick Johnson says IOTA is bad!

Nick Johnson is an ethereum dev who is incentivized to see IOTA fail, see CFBs twitter responses here.
And this
And this;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;sh=a2892548
And this

IOTA is not private!

Masked authenticated messages exist right now so data can be transferred privately. Very important for businesses.

Coin privacy

Centralized coin mixer is out that foundation runs. Logs are kept so they can collect data and improve it Folks can copy the coin mixer code and run it themselves. Goal is for mixer to be decentralized and ran by any node.

How do nodes scale? How on earth can all that data be stored?

Full nodes store, update and verify from the last snapshot, which happens roughly every month. Its on the roadmap to make snapshotting automatic and up to each full node’s discretion.With automatic snapshots, each full node will act as a partial perma-node and choose when to snapshot its tangle data. If someone wants to keep their tangle data for several months or even years, they could just choose not to snapshot. Or if they are limited on hard drive space, they could snapshot every week.
Perma-nodes would store the entire history of the tangle from the genesis. These are optional and would likely only be created by companies who wish to sell historical access of the tangle as a service or companies who heavily use the tangle for their own data and want to have quick, convenient access to their data’s history.
Swarm nodes are also in development which will ease the burden on full nodes.

Node discovery is manual? Wtf?

Nelson is fixing has fixed this:

IOTA open source?
IOTA protocol is open source. The coordinator is closed source open source.

Foundation moved user's funds?

My IOTA donation address:

submitted by mufinz2 to Iota [link] [comments]

The Breadtube Pipeline

Here's vids on themes of the alt right (racism & xenophobia, capitalism, transphobia, queerphobia, misogyny, statism, rhetoric) & the stupidity of some of the creators in or making a pipeline to it in bold (before that, watch Contrapoints' video on the fetishisation of "free speech" & how it's misinterpreted; Does the Left Hate Free Speech.
If anyone can mirror these vids, given they'll likely be mass flagged if used to any significant extent, that'd be great. For any that require age verification, nsfwyoutube should usually work if you haven't got a google account or your account/browser isn't allowing viewing.

On race & xenophobia

Before we get into the other videos, here's some reading on the "Irish slave" myth: & here's a video on it by The Unemployed Historian:
Black Lives Matter
Non white cultures
From Nothing, an African history channel run by an African American, has made:
Race & IQ subsection (If you're a race "realist", start here)
Other forms of race "realism" subsection (If you're a race "realist", start here)
Immigration subsection
Holocaust Denial
If you want reading, take a read of this: or this: (or both) & if you're going to be a denier, never rely on the work, or derivatives of the work, of David Irving, as he was proven in court to be a liar:; this thread may also be helpful:

Creators on the right being counterfactual

Capitalism is garbage

The basics to understand the rest
The rest
Capitalism vs Housing
Capitalism vs Mental Health
Capitalism vs Gaming
Intellectual Property (Propped Up By Capitalism) vs Creativity

Transphobia is nonsense (& makes nonsensical situations)

This is quite comperehensive:
For the gender abolitionists among anyone reading, I encourage you to watch Gender Abolition? by Anarchopac:
WoMeN & GiRlS SpAcEs
Transgender Children
ROGD (The first 3 say roughly the paper is bunk, the 4th regards the correction issued by PLOS)
Non-binary Folks
A Note On Sex (not the NSFW kind) As A Spectrum For The Chronic Transphobe
1: Words are invented for their utility for describing things.
2: "Sex" is a word invented to have utility in describing all sexual variation.
3: Sex is typically defined as a binary that is set from birth, by social conservatives. I will call this the "stuck binary" model from here, not a technical term, just a clear phrase I made up just now.
4: Sexual variation is a binomial spectrum (, partially made clear in intersex folks; or even that the same person can have 2 sets of chromosomes in the same body (XX & XY in different places, for example) or be infertile if you're basing your classification on gametes.
5: Transgender folks can (but don't always) change thier primary & secondary sexual characteristics with surgeries & medicine
6: Science cannot make claims that we ought to make a category but those participating in the creation of science can observe that something(s) exist(s).
Conclusion: Given premise 2, the utility of the word "sex" is diminished when used (as in 3) synonymously with the "stuck binary" model as it does not (4 & 5) accurately describe sexual varition as it is supposed to. Given 6 it is up to us whether we use a different word, redefine the word, or give up on having a word, as science cannot tell us from what does exist, how we ought to make categories from that data.
As I do not want to make the word "sex" entirely useless since it can still serve good utility describing sexual variation if redefined, sex ought be redefined as a spectrum with a binomial distribution in line with what is actually true about sexual variation, & be applied in such a way that the assignment is not static, in line with accurately representing the bodies with which we seek to apply the word.
Where you may disagree:
If you don't think the word "sex" ought to describe all sexual variation including modification of those sexual characteristics, that's an option (though it can & will & does have awful consequences for those who don't fit neatly into 2 option schema as detailed in the linked thread & in many places elsewhere), but you can't just defer to science & say it decides for you what you ought to do. People can make ought claims about categories & words, science (as far as it is the systematised description of reality) cannot. Only we can say "this is that & this is this other thing & that is that other thing & you over there don't even get to say you have a sex", categories weren't around before there were people to make them up.
This logic is too often circular (pointed out to me by this vid by 2 NB Polish socialists, "Biological sex as a spectrum" by TransGrysy:, it's English subbed & I urge you to subscribe to them & donate to them if you can afford it since the leftist presence is much lesser in Poland) where transgender folks & intersex folks are disregared as abberations or failures of nature or similar as justification for not changing the model of sex from the "stuck binary" model to something actually representative of sexual variation, but the only reason this is said is because they differ from the "stuck binary" model. It justifies the model on the basis that the model is currently used, which is frankly ridiculous circular logic.

Queerphobia Is Awful

Queer history
Queerness In Non-Human Animals
If you couldn't be bothered to read this page:; here's some videos:

Misogyny Is Bad Actually

Men's Rights Antifeminism Is Silly

While I have you here, The ManKind Intiative ( does great work helping guys who are victims of domestic violence, donate to them or your local equivalent of them if you can.


While you're here, fellow leftists, here's the anarchist critique of seizing state power - Means & Ends: The Anarchist Critique of Seizing State Power by Anarchopac:
Prison Industrial Complex
Education For Obedience
If Voting Produced Revolution, They'd Make It Illegal
Military Industrial Complex
State Propagandism
submitted by Anarchadog to Anarchadog [link] [comments]

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8 Ways to Manage a Bull Put Credit Spread - YouTube

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