Michael Saylor is probably giving one or two pieces of advice on how to create the BTC flywheel for the US.

Fyi
Let’s break this down step by step to help you understand why your call lost more money than your put gained, even though SPY’s closing price was closer to your call’s strike price. The differences come down to the Greeks, implied volatility, and intrinsic vs. extrinsic value. Here’s an analysis:

1. Delta and Price Sensitivity

Delta measures how much the option’s price changes relative to the underlying asset’s price movement.
• Call Delta: 0.2805 means the call price increases by $0.2805 for every $1 move in SPY.
• Put Delta: -0.3978 means the put price increases by $0.3978 for every $1 decrease in SPY.

Although SPY closed close to your call’s strike price ($595), it is still out-of-the-money (OTM). A call with a lower delta (0.2805) gains less value for a price increase compared to a put with a higher magnitude delta (-0.3978), which reacts more strongly to price drops.

2. Theta and Time Decay

Theta measures how much value the option loses per day as time passes, with all else being equal.
• Call Theta: -0.2482 means the call loses $0.2482 in value per day due to time decay.
• Put Theta: -0.3294 means the put loses $0.3294 in value per day due to time decay.

Because the put has a higher absolute theta, it is more sensitive to time decay. However, since SPY’s closing price ($591.95) is closer to the put strike price ($590) than the call strike price ($595), the put is losing value more slowly than the call. The call is further OTM, so it loses more extrinsic value relative to the put.

3. Implied Volatility (IV)

Implied volatility affects the extrinsic value of options.
• If IV dropped during the day, both the call and put would lose extrinsic value. However, out-of-the-money options (like your call) are more heavily affected by IV drops because they consist mostly of extrinsic value.
• Your put, being closer to the money, has a higher likelihood of expiring in the money (ITM), so its intrinsic value becomes more significant.

4. Intrinsic vs. Extrinsic Value

At the close, both options are OTM:
• Call ($595 strike): SPY ($591.95) is below the strike price, so the call has no intrinsic value, only extrinsic value.
• Put ($590 strike): SPY ($591.95) is above the strike price, so the put also has no intrinsic value, only extrinsic value.

The extrinsic value decay (from theta) impacts OTM calls more significantly, especially when delta is lower.

5. Reason for the Asymmetry
• Call lost more: The $595 call is further OTM than the $590 put. Since it’s less likely to reach ITM status by expiration, it loses value faster.
• Put gained less: While the put gained value from SPY moving closer to $590, the gain was offset by time decay (theta) and possibly an IV drop.

Summary:

Your call lost more than your put gained because:
1. Delta: The put had a larger delta and was closer to ITM, so it responded more to SPY’s move.
2. Theta: The call’s extrinsic value decayed faster because it was further OTM.
3. Implied Volatility: A potential IV drop reduced the value of OTM options, impacting the call more significantly.

If you have further questions about options strategies or the Greeks, let me know!

I would be interested I am pretty new though. Been learning 100hrs+ a week though since Nov

Thanks for sharing bro

Free Explanation: YouTube
Paid Explanation: [Day Trade](https://whop.com/daytraders?a=vvoozi)

Probably just ragebait wanting you to give them clicks

Where can I watch this?

Maybe she didn't have time to update her profile. A good company like accenture will always distance itself from people like her, although legally.

dalli police, dalli police

Very much needed

"Very close to 100% support." - Trump

"Johnson won reelection with 218 votes - the minimum number needed." - Reuters

Aur yaha mai ja rha hu Park

https://preview.redd.it/e12wrnfjhvae1.jpeg?width=495&format=pjpg&auto=webp&s=fadb2b80a05eebac5f7b74d162ca8cc47e4287c3

When Siraj is in rhythm>>>>>

hope that happens more often

Read this lots of good info on MVP development :) [https://www.goodfirms.co/resources/mvp-advantage-business-success](https://www.goodfirms.co/resources/mvp-advantage-business-success)

Before you can convince the world that you're not a coward, you need to convince yourself first.

If I were you, I'd start journalling/going on hikes and read books that build character. It doesn't matter that it isn't something you wanna do. I ain't asking you to completely ignore/change yourself. Acknowledged it and move on. Find better things to get your sense of self (and place on this Earth).

-From a fellow coward

Anyone wanna end these comments?

bro the funniest thing is happening. i was watching on full volume no wickets came. then i muted for one ball siraj takes the first. i unmute head hits the four. i mute again a wicket. 😭🙏

What kind of platform do you use to stream the trades? Discord is probably the best

Okay one recommendation here not scammy seems genuine @thesillygoose