u/NewtonianEinstein

▲ 625 r/options

My son is selling uncovered options to pay for college tuition. Is this concerning?

My 19-year-old son has been making thousands of dollars a month. I was confused where he got his income from, so I asked and he told me that he sells uncovered (naked) call and put options of Tesla. He told me that people like to buy “lottery tickets” and that he’s acting like an insurance company that gets the upside. He says that this idea is “genius” and that the people buying these calls are “gamblers”. So far, he seems to be doing quite well. What should I do?

reddit.com
u/NewtonianEinstein — 7 days ago
▲ 0 r/Schwab

Why do people like Charles Schwab?

Charles Schwab is an evil person who created an evil company. He wants me to own nothing and be happy. He wants to rule society under his World Economic Forum. He wants me to eat bugs and live in a pod. He has promoted the idea of a "great reset". That is not the type of lifestyle I want. Why do people here trust a person and organization that has openly floated around these totalitarian ideas? My friend told me that he uses Schwab's services, and I am confused as to why he would use such a company rather than using Vanguard.

reddit.com
u/NewtonianEinstein — 2 months ago