BP
BP p.l.c.
stock NYSE ADR

Open AI has a liquidity problem coming in the next years. Their own CEO wants to raise $1 *trillion.*
LLM infrastructure is extremely costly. Also the BP of Open AI is accessible online: it has invented a new definition of the word *optimism* :p

starting my investing journey at 24 now that i have good income and chose fidelity for my roth ira. i get paid weekly so right now i’m wanting to put $135 towards my roth ira every week.
doing this from mobile, i tapped the ‘transact’, ‘transfer’, and added my first $135 from my bank to my roth ira account. when i tap on my roth ira account, it says that $135 is available to trade but also under the ‘positions’ tab is shows BP $135 with 135 shares in SPAXX. i never chose to put my money in SPAXX? i want all my money to go to FXAIX, but right now it’s saying the buy price of that is $233 so i guess i can’t even invest until my next $135? not sure how this works.
i feel really confused and just want this to be simple. i’m hesitant to automate transactions because i’m paranoid about forgetting to turn it off in case i can’t make the $135 payment for whatever reason, and i appreciate the intentionality in manually choosing to put my money towards my future.
can someone help me understand how to achieve what i’m trying to do here and what these things i’m confused about mean?
thank you in advance 🙇

I have been using TZ since it established which is about 7-8 years ago. By that time, there are not a lot free commission trades before the rules changed and shorting made easier in TZ back to the days. Since they are new, so expected will have some bugs and errors along the way upgrading to the better TZ.
\- I have used the ZeroPro platform for a while and the experiences are ok just one thing that made me decided not to use the ZeroPro is the connectivity. It always show connecting to the account and not doing anything.
\- Since then I use ZeroFree until now. ZeroFree has less problem than the ZeroPro but in some part is inconvenient especially repeatitive change the ticker from time to time.
\- Executions premarket is ok so far. Didn't really get a lot headache. (I trade premarket only btw)
\- Customer service now is kinda lame. They didn't really solve the root cause, problem still there. Currently I having the cash BP problem bugs or glitches that happened since a few weeks ago until now.
Example:
Ticker short margin is 100%.
I short 100 shares at $1.89, my cash BP deducted $500. (Suppose to deduct $189)
I short another 100 shares at $2.15, my cash BP deducted $500 again. (Suppose to deduct $215)
I short another 100 shares at $1.74, my cash BP deducted $500 again. (Suppose to deduct $174)
I have reached out to CS, the CS just told me to reset BP and promised problem fixed already. The problem still there.... They didn't even bother. Another CS said you can always reach out to us to reset BP if you feel the BP is not accurate.....
\- Executed price has no problem for me so far. Just the platform do disconnected or show error of connectivity. And it may take up to 1-3 hour to recover. So... if by any chance you have open position at that moment.... Will be scary as hell.
\- Commission is ok. 200 shares will be free trade if add into liquidity. So that is no problem for that.
\- Short sell will have to check Margin Requirement from time to time. A ticker short margin % will change from 25% to 200% in just half or an hour. It is annoying though. The RR management all messed up.
\- Locate will be crazy expensive sometime and no shares available at the moment.
\- Withdraw and deposit has no problem so far.

Other than that weird glitch or bugs. Others are standard.
Hope that helps.

For me, it’s been some luck, but also knowing the companies I’m investing in. Read the quarterly results, listen to the conference calls, and try to see the bigger picture. Then see where that bigger picture takes market cap vs present. More dividend will keep the prices more steady.
So no absolute number but more so the heights that seem to be the stopping block for my shares. I sell a month out maybe +5-10% pending the volatility, roll as far as a year if necessary.
Like $mos fertilizer company runs up hits a wall - sell a CC. $CG private equity gets to 60 and plateaus. EWZ, Brazilian etf, struggles to break and hold over $34. LoveSac runs to 30/35 every so often based on housing sentiment - sell a $50 CC into that volatility. This is the extra harvesting, where I don’t think I’ll loose out on huge runs.
On the flip side - I was buying Macy’s $15 calls with Jan26 expiration for $1-2 premium - essentially 10x leverage with a 7-14% break even when I had high conviction in a rebound. BP was more Elliot management and its price to sales ratio versus the other major oils. Just need to see a path for an organization and let the options play into that.
I also lose, like on $CGC haha. Many buys from selling puts. I still hold, but hell.
Hope this sheds some light, it’s not 100% mathematical. My best wins have been buying Leaps , like 18 months to 24 months out, when you believe the company will grow value and Wall Street will respond. Either growing revenue, or selling underperforming assets, or initiating a cost reduction plan. If you know the company and believe in the plan then you must believe in yourself to take some balance risk that can have disproportionate upside.

The only thing you can do is change the name to BP Effect in Setup.

You bought APP?! What's your CB?
I freed up some BP today when I exited TSLA position and put it right into RDDT puts lol

No? I got an offer from one of IMC/DRW/Old Mission and before that I was getting a lot of interviews even from non quant firms like BP and Barclays.

That SPAXX position in list view lags a day, while BP is realtime. It’s super annoying

Everything looks fine and as much BP deployed as I care to deploy. Looks like a theta day for me.

Well yes. So a few things:
1.) Goals - are you just looking for some extra income on a large balance to live in retirement or off of a nest egg? Than selling CC provides some protection and income.
2.) Market volatility. The more volatile the more expensive premiums, therefore can increase selling in high volatility, but buying in low volatility.
3.) Supplementing an individual position. For me a few stocks I own occasionally get overheated, these are safer blue chip large/mega caps. When the P/E becomes 1or 2 standard deviations about the mean than I sell some long dated out of the money covered calls on a big up day. - have not had shares called away in over 3 years. Have added 4.6% annualized over those 3 years, “for nothing.”
And yes, I will buy calls in the opposite direction. Most recently were leaps in Macys. Before that, BP, Hims and hers + SoFI. Options are the way to get huge gains - a 100% return on 2% of your portfolio is huge. Be disciplined.
Also sell puts to acquire stocks if you have a “limit price” in mind.
Hope these alternatives to strictly selling calls all the time no matter what the situation has helped.

How long from now do you think the crash will happen? In 1999 they cut rates by 75 BP and the market did not crush until March 2000. I also think there will be a crash. There are parallels between now and 1929. The crash may not be as severe though. There are 12.5k to 29k AI firms operating in the US alone. There are parallels between now and the Dotcom bubble. Companies are pivoting to AI or they IPO as a AI start up and they are skyrocketing. There are people on the investing corners of the internet saying the stock market is "easy money". There are stories of people throwing $1,000 into the crypto/stock market and making a million dollars+. The stock market is in a heightened sense of euphoria and the sentiment is "stocks only go up" as evidenced by the memes to that effect. The Smartphone broker generation has never experienced a true market crash. Since 2009 even the COVID and liberation day "crashes" recovered so fast they were basically dips. The liberation day crash recovery was the fastest recovery in stock market history. Once the dip doesn't instantly recover within days and dips and dips and turns into a bear market the Robin Hood generation will sell en masse to protect themselves creating a feedback loop of selling leading to a crash. And like you said the US economy is not doing so great right now.

Some, of my contracts were also assigned, but it seems that I was given back my collateral as well as premium collected. It looks like they were assigned but rather cash settled. I am able to withdraw my cash as well.. You might want to take a look at your BP or account value.. You may notice that you were settled in cash. I had to dig for mine as there was no history under trades regerding this..

That is odd/interesting. Tom was the one who started a Wheel at Tos to always try and place the order with the group giving the best prices. I know they started Tasty that way , but IG bought them over 2 years ago.
Schwab the stuff shirts now offer better prices , just incredible. I was with Tasty but came back to Schwab a few years ago, just like Tos better. Also I find the BP better at Schwab when selling options.

OO and TAT automation. Mostly just strategies I find around discord and then modified into my risk tolerance. Usually utilizing about 70k-90k BP.