Bitcoin 🐣

—Bitcoin’s value proposition— Name an asset that you can send across the globe that: (1) cannot be censored/stopped, (2) is settled with finality in 1 hour, (3) cannot be debased

@BJdoubledeuce @LonestarMoney You’re overpaying, not @LonestarMoney. His policy is T-30 at $2.5M. Yours at T-20 $1M should be ~$40 monthly, but you pay $50 monthly.

@LonestarMoney Agree but you got some kind of high rates for 30yo. I got $1mil T-20 for $600/yr.

A hill I’ll die on: term life insurance is NOT a waste of money. This is what I pay for a $2.5M term policy for 30 years. And I know what some people say: “Why pay for something you might never use?” Because this isn’t about “using it.” It’s about not leaving my family holding the bag. Life insurance isn’t for me. It’s for the people I love. If something happens to me, they’re not forced to: • Sell the house • Panic over bills • Shrink their life because my income disappeared You know what is a waste of money? • “We’ll be fine” with no plan • Treating GoFundMe like a safety net • Betting your family’s future on “I’m young and healthy” Term life is affordable. Term life is practical. Term life is responsibility with a monthly price tag.

@nicee_d @TJTheWheelDeal Nothing wrong with sharing how he makes money. Options trading is legal. Done well, it’s responsible money management.

@TJTheWheelDeal Your “one minute with God” isn’t enough for you, maybe try 60 minutes with god hypocrite. Drop the “short bus” belittling and wealth-flaunting. Stick to sharing info.

FEATURED POSITION!! How to read the screenshot for the folks in the short bus. 1) we have 500 naked calls at $250 with a 5/15 expiry. We collected $55,400 in premiums for taking on this risk. 2) we have 1000 short puts at $100 with a 10/16 expiry. We collected $976,605 in premiums. How do we make $ here? MSTR needs to stay below $250 over the next 18 days. MSTR needs to stay above $100 over the next 173 days. How do we lose $ here. There is a huge spike in IV and MSTR shoots up toward or past $250 in the next week or two. That being said, theta is working hard for us right now in this position. We can also lose $ if MSTR tanks to like $90 a share. We are contractually obligated to buy 10M worth of MSTR at $100 if I don’t roll the position. Chances of success are pretty high here. It cannot be above $250 without our $100 short puts printing big cash. It cannot tank without the naked calls printing the rest of the extrinsic value on the contracts. The idea is to sell way OTM naked calls along the way until I can marry the strangle to the same expiry. I give this trade a 90% chance of profitability with proper management. Goal is over $1.5M here. How can that be accomplished? I can sell more timely naked calls along the way and I can roll up the short puts to collect more premiums.

@TJTheWheelDeal A great set-up. High probability of BIG money print.

@marc02200 If you’re concerned, buy $20k of STRC and spend $1,140 on two put options (strike $100, Dec 18). Your effective interest rate would be ~2%, which is lower than Fed fund rate. LOL

Sometimes I feel like putting my entire $25,000 emergency fund into $STRC and collect a 11,5% yearly dividend on it. Would you consider this a good idea?

@BradThundercocl @joecarlsonshow You sound like a self-absorbed money maniac. If your woman is drawn to you because of money, she will be drawn to someone else wealthier than you. Just a matter of time.

Again, this is as retarded as your first take. From a male perspective, every single piece of data on mating indicates that the wealthier you are, the more attractive you are to women. So, by this definition, you should actually focus on work more because it will make you more attractive and more likely to get married. We also have mountains of data that show getting married is reserved for the wealthy in the modern world. Im not saying thats a good thing, but it is what it is. The avg woman is doing better and is thus more hypergamous than previous generations. You ARENT getting married as a dude if youre poor, statistically speaking. Further, Ive lived in very rich and very poor areas. Newsflash: The wives in the rich areas were almost all absolute milfs. It was rare to not see one that wasnt an absolute dime. And in my own experience, the more money Ive made and the higher net worth Ive had, the hotter my girlfriends have been. My current one is a paid model. She would not have gone out with broke/out of shape/24 year old me. Finally on this topic, most people arent voluntarily single. Being single is random. It has nothing to do with how much you work. Being that it is random, is it better to be rich when you find your spouse? Or poor? Clearly rich Back to kids. Youre right. Kids are great. You know what sucks when you have kids? Working a soul sucking job that you hate and that ruins your health and mood. Finally, men age, clearly. However, its a lie to say that most have reproductive issues as they age. Unless they have a severe metobolic disease/obsesity etc, youre likely to not have severe infertility relative to your 30 year old self than your 50 year old self. Women, yes they need to marry earlier. However, lets assume they are involuntarily single from 20-35. Are they better off being loaded when they finally get married? Or nah, just party away your health and wealth for 15 years. Your takes are truly retarded and Im fascinated by it

A lot of thoughtful discussion on this post. Here’s a few follow-up thoughts: Not every person trying to retire early is giving up on experiences, I understand that. Some people are doing a balanced version of FIRE. While true, there is a large community of people who are actively delaying important parts of life in the pursuit of some financial goal being met. There are Reddit communities dedicated to people who basically work all the time and give no thought or energy to anything else in hopes of escaping the 9-5 early. This is misguided. First - you have your entire life to make money, but you do not have your entire life to form a family. Woman move into high-risk pregnancy when they are 35 or older, it’s called advanced maternal age. Which simply means that their pregnancies are at higher risk of developmental issues. You may also be surprised to learn that the age of men matters, and after 40 years old there is a gradual increase in the baseline risk of developmental issues in pregnancy. In both cases time is not on your side to form a family. Risk factors increase with age, and over time the opportunity completely disappears for many people. On top of that being a young parent is extremely fun. I had my first kid when I was 25and making $45k/yr. That boy has literally been one of the most amazing parts of my life. You get to chill with a baby sleeping on your chest as you watch TV. You get to see them grow and teach them how to ride a bike, skate board, teach them out to read. I have stayed up all night playing Xbox with him and watching movies. Now he’s 11. We have tickets booked to see the third Dune in iMax. After mom puts him to bed I frequently sneak into his room and watch YouTube videos with him. Now I have 3 kids, one on the way. And it’s literally my favorite part of life. I only say this because I believe there’s a culture now that is somewhat bizarrely against forming families, and super focused on self-success, making money, and eating the perfect diet. You have podcast guys in their 50s that are single, childless, giving life advice to millions of people every day. I’m not saying everyone has to do this, and I have no judgement for you if you decide differently. If your life goal is just to work hard and make a bunch of money so you can live an easy life, that’s fine. That’s your decision. But keep in mind that you have your entire life to earn money, you do not have your entire life to create a family.

@10452km2 @SayNoToTrading You could have bought gift cards with CC and earn 3%

@SayNoToTrading Gift cards are full value.

On the $HOOD Robinhood credit card, be careful redeeming. To get full 3% cash back value, the option for that requires scrolling down. I bet this is intentional, to deter it. Any other redemption option will be worth less. Statement credit does NOT equal 3%. Redeem to your brokerage account for full value via “cash back.”

@comic @phongle @tristanblcktrnr Your name and handle checked out

@phongle @tristanblcktrnr Yes.

Notice anything?

Someone inside Kaiser sent me the below internal guidance concerning shots and medications for newborns. It tells Kaiser employees that the "approach to how we introduce and administer routine newborn ... Hepatitis B vaccine" is to " avoid saying ‘it’s optional’ or ‘you can refuse’ unless directly asked” and to tell parents that "we will be giving" instead of asking consent to give. This is the antithesis of informed consent. Yet Kaiser calls it “excellent patient and family care.”

If you’re still on the fence about how harmful vaccines are, please watch these documentaries 💉☠️ Vaxxed 1- live.childrenshealthdefense.org/chd-tv/videos/… Vaxxed 2-… live.childrenshealthdefense.org/chd-tv/videos/… Vaxxed 3-… live.childrenshealthdefense.org/chd-tv/events/… @toobaffled

@PrestonPysh Thank you, Preston. In my book, you’re the GOAT of podcasters. Smooth, calm, composed. Enjoy time with family. God bless.

A personal note.  After years of public discussion/work: the podcast, social media, venture capital, everything — I'm stepping back to focus on my family. My kids are growing fast.  My wife deserves the best of me.  To everyone who listened, read, grew, and built alongside me — thank you. What a blessing you all have been!

@GenZeroSum @matteopelleg What’s DATs?

@matteopelleg He seemed heavy into DATs before the crash. I liked Preston a lot, but when I saw him buy into that narrative, I was pretty disappointed.

What happened to Preston Pysh? Does anyone know?

@SteveW928 @matteopelleg You probably said some shitcoinery stuff.

@matteopelleg He blocked me when I was a new-ish Bitcoiner because I asked an honest question... so haven't seen much from him. Hope he's OK, though.

Visual for kids to make better understand delayed gratification.

Instead of watching Netflix tonight, watch this 2-hour Stanford lecture. You’ll learn more about how ChatGPT, Claude, and other LLMs are built than most people at top AI companies learn in years.

Infants vaccinated at 2 months are 68% MORE LIKELY TO DIE in the following month than unvaccinated infants, according to Louisiana Department of Health death records. Girls are hit hardest — facing a staggering 112% HIGHER ODDS OF DEATH in the month following vaccination.

Why I prefer to roll my covered calls every week, on average, to a new ~40 DTE expiration date. This issue continues to come up repeatedly with a lot of people asking me questions about it. This has become one of the issues that I had to define for myself over the years since there hasn't been any clear options education to describe the change that is occurring everyday with the passage of time. Most people don't understand the option greeks, and rightfully so — it's not common knowledge whatsoever. The primary option Greeks that you hear most about are delta, theta, and gamma, but most people talk about these independently and very few people understand how they interact with one another even though the definition of gamma is the rate of change of the delta based on a $1 move in the underlying ticker. As time to expiration shrinks, gamma naturally spikes for near-the-money options—making the short call's delta change much faster on even small stock moves—while theta (time decay) accelerates, eroding the option's extra value and leaving less room to roll for a credit. I know even writing this stuff is over the heads of a lot of people at first — it was for me too, and that's okay. Below, I will attempt to explain as simply as I can the process as I have come to understand it. So why do I roll out to a new 40 DTE call every week rather than just waiting for the short call to expire? In a word: "Gammafication". Gammafication is not a real term used in options speak or anywhere else that I am aware of, but it is a term that I created to describe the event I wish to avoid while I am selling/rolling low delta covered calls. Gammafication, according to my definition, is the speed by which an option’s gamma increasingly influences its delta as the option approaches expiration—causing delta to change more rapidly and dramatically in response to even small movements in the underlying asset’s price. Gamma can be thought of as the delta's delta, but what I am describing is the interaction of gamma and theta decay plus the natural increase in gamma as DTE falls. In simpler words, gammafication makes it harder to roll an existing short call (or put) out for a credit. The closer an option is to its expiration date, the more difficult it is to roll out for a credit, especially when the option goes in the money, meaning that the strike price of the option is lower than the actual price of the underlying ticker. This is the very reason I wish not to sell covered calls 7 days out or even less than 30 days out, unless I am employing a different strategy altogether wherein I am expecting/hoping to have my shares called away. But this is not the intent of the 10Δ strategy I have written about. By keeping the option expiration far enough out in time, I am safe from having my short calls exercised against my wishes, thereby protecting my long position (stock or long calls). And by rolling out every week, I am effectively extending the goal post each week making the strike price further out of reach. A stock can run hard for a while but not forever. Eventually it will calm down and normalize or even fall back some, and when it returns to normality, my short calls, which, despite weekly rolling, may have increased from the 10 delta to the 50 delta over that time, will then slowly begin their way back towards the 10 delta, allowing me to start the process all over once again.

@MAGATARD1776 @LynAldenContact @shortbus_ace What do you disagree on bitcoin?

@LynAldenContact @shortbus_ace God I love Lyn lol. I don’t agree with her on bitcoin but everything else about Lyn is amazing.

@JoshuaBarzon I haven't read the book, but I watched the video with the same title years ago. Very powerful. Rest in peace, brother. youtu.be/k0D8Uz4oQck

@goooonnney @ModernDayInves Right now at JM Bullion for $160

@ModernDayInves Where do you buy 1 gram for $150?

1 gram of gold is around $150. But on $HOOD you can buy one for $190!!! Are people really this dumb? How is this sold out?