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Stephen Sikes
2K posts
Stephen Sikes
@Sikes_
COO @Public. Partner @SociallyFinancd. Fmr @SoFi, @McKinsey. Proud @USArmy vet. Opinions my own. Not financial advice.
New York, USA Katılım Aralık 2008
1.6K Takip Edilen1.8K Takipçiler
@WhiteRockInves1 @amitisinvesting Important Correction: we made a commercial calling platforms that offer *sports* prediction markets “bookie” (sic).
I though that was both clear in the ad and also in literally everything I wrote above, but 🤷🏻♂️
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@Sikes_ @amitisinvesting Biggest point @amitisinvestingis making: You made a commericial calling platforms that offer predicition markets "bookie" then posted saying that Public will eventually offer them as well...
My questions: Are you a bookie too? Are you gonna offer credit? 😉 @Sikes_
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All 3 can be true
1. Event contracts are an awesome innovation and can fit within a broader investment portfolio (we’ll probably offer them on Public in the future!)
2. Sports betting is fun and sports event contracts are better than sportsbooks for making bets
3. Sports event contracts do not belong in an investment portfolio
Public@public
Sound familiar?
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@Sikes_ Gonna be telling your grandkids this story someday
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Biggest thing: you’re implying the only form of a 0DTE options trade is buying an OTM call option… literally the riskiest form of that instrument… when there are dozens of other ways to use 0DTE options to position a portfolio (selling covered calls to generate portfolio income, buying puts to protect downside exposure into a macro event, etc etc).
Again, not making a point about risk, just the role these instruments can play in an *investment portfolio*
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I genuinely don’t understand ANYTHING about your logic. Please break it down for me like I’m a child. Legitimately, I’m asking for help here.
You are saying 0DTE options can play a very real role in an investment portfolio.
Okay, so me betting that the SPY hits $6720 today somehow is a *very real role* in….investing. Right. Makes sense. Very real in helping me invest.
Me researching Duke and knowing every single thing about the team, stats, modeling the outcomes, etc. somehow is now magically different from the “very real investing” you claim betting the SPY could hit $6800 in a day plays in a portfolio.
So all that research I did into Duke is gambling, but betting the SPY will hit a certain level in a few hours in investing.
Please, break it down to me and tell me the difference because BOTH honestly seem like gambling.
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@Sikes_ @amitisinvesting @public Pretty cool dude, actually wished Robinhood would have done something like this a long time ago. I retract my statement, the ad is valid.
W Public
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I think the point you’re making is “0DTE can be just as risky as sports betting” but we’re not making a point about risk.
We’re making a point about the role these instruments play in an *investment* portfolio.
0DTE options can play a very real role there, whereas “Duke to cover”… can’t.
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@Sikes_ What’s the difference between betting on a sports game vs buying 0dte options on Public?
Are you saying 0dte options are so much significantly better? How does that not encourage people to literally lose all their money thinking a stock can hit their strike within hours?
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@larrydnyc @public Totally respect your pov and preferences here, and we can agree to disagree.
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@Sikes_ @public As a user of public this seems too restrictive to my portfolio. AJ event contract is an event contract. If I want to trade on the feds decision or an election, why can’t I trade on sports. I should be able to choose what I want to do my due diligence on and trade, not @public
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There’s no changing course here. We’ve been on the record for months that we may do event contracts, just not sports.
Receipts: barrons.com/articles/kalsh…
“Event contracts may have a place, and sports contracts can be fun, but that place shouldn’t be your investing account,” Abraham says. “We want people to be able to trust us with their finances and perhaps one day their financial inheritance.”
He says his firm could one day offer event contracts related to financial matters but not sports
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@amitisinvesting @Sikes_ Ohh the irony. It’s incredible to see how @public is changing course in real time due to the backlash. Honestly, I use public and it’s a really good product but this is reflecting really poorly on leadership. Attention should be focused on product innovation not creating PR drama
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All event contracts are not created equal.
It’s reasonable to differentiate between sports betting (in event contract form) and financial/economic/political event contracts (that add value to an investment portfolio).
Totally agree that event contracts are valuable — and even acknowledge that sports event contracts are better for sports betting.
We’re just making the point that sports betting doesn’t belong in an investment app (and I think the ad was pretty clear / specific there)
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Did you just say you guys will offer event contracts in the future after making a whole ad accusing companies that do that of being bookies 💀
So if you won’t offer sports contracts but will offer everything else…like betting on the weather, crypto prices, etc. than why won’t you guys also promote gambling in other areas even if its not sports?
Really incredible to see a company target another company and then admit to eventually offering the same product…probably because you know event contracts as an industry are inventible. Which makes the ad pointless.
What also makes the ad pointless is Robinhood now allows you to take out prediction markets from the app. Your ad is factually incorrect. Everything about it is just weird man.
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I’m guessing it’s been a bit since you checked us out — a ton of product differentiation these days (direct indexing, generated assets, options rebates, corporate bonds & treasuries)
…and we sunset all social features in June of last year (and had moved towards AI instead starting way before that)
Check it out and lmk what you think
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@amitisinvesting @public I think Public just feels cornered because Robinhood Social is coming out and they have no real feature moats anymore lol
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@amitisinvesting @public Kinda sets them up for failure as well. Reducing prediction markets to ‘bookies’ is neglecting all the benefits it can bring in the future as truth markets
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@public Ngl, thought for a second that public was going to be offering prediction markets 🤣😭
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The point here is specific to sports betting *not* prediction markets/event contracts overall. There are some great use cases for events contracts as a part of a broader portfolio (economics, company KPIs, politics even), and we’ll probably add those to Public in the future.
But… as fun as sports betting is, it's better to keep it out of your investment account.
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I linked my Public API to Claude Desktop and was trading in less than 5 minutes.
Jason Luongo@JasonL_Capital
BREAKING: Claude now has live access to real-time stock quotes and options chain data You can pull prices, scan option chains, check Greeks, and view your portfolio without leaving the chat Here's how to connect the (free) API step by step:
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I BUILT AN AI AGENT THAT TRADES FOR ME
Here’s how I did it:
I setup an OpenClaw bot as my AI agent of choice for this project
I connected it to:
→ Telegram (where I talk to it)
→ Perplexity (where it researches the market)
→ Claude (the LLM of choice)
→ Public API (where it executes the trade)
This week, it executed a trade all on its own
I asked it to find a Cash Secured Put for $HIMS with a delta between 0.15-0.25 for about a month out
It gave me 3 options and told me which one was best. I told it to execute the trade on that contract and it did it
That trade is now live and active and already in profit
We are entering a new era of trading. I can tell this bot what I want it to do and it will do it all on its own
The possibilities are endless and I can’t wait to see what’s possible
I will be documenting my journey of trading with an AI agent so if you found this interesting, give me a follow to follow along
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Love the brand mention in community notes
Jason Luongo@JasonL_Capital
BREAKING: Claude now has live access to real-time stock quotes and options chain data You can pull prices, scan option chains, check Greeks, and view your portfolio without leaving the chat Here's how to connect the (free) API step by step:
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