BP
BP p.l.c.
stock NYSE ADR

Wow level 5... Tasty only has level 0 for everyone, so everyone gets to Sell Naked (maybe an erotic thing). At Schwab level 3 gets you Naked.
Not sure you understand this . You cannot sell a LOT OF SPY. First off what is the Point? A 50 15Dec28 gets you maybe 12 cents, so 12 dollars . Meantime it will still require 500 Buying Power, which is better than 5k for a Csp. That $500 BP is at Schwab you might find Fidelity will lock up a LOT MORE. So you are tying up 500 for over a year for a maximum 12 dollar return?
Not sure what Buying Power is , well not something Fidelity really shows. Tasty, Tos both show you the BP as you create the order. Here is a vid explaining BP from the founder of Tos/Tasty from the Tasty trove of vids.
[https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 STOCKLESS TRADING
[https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020)
[https://ontt.tv/2CLbOjn](https://ontt.tv/2CLbOjn) What Affects Buying Power? Nov 14, 2019

Sold the SPX 6710s for 15 cents because I have nothing better to do with this spare BP right now.

Who ?
Irans oil is well known the world over .
Following the August 19, 1953, CIA/MI6-orchestrated coup against Prime Minister Mohammad Mosaddegh, Iran did not just rebuild its oil industry; it effectively reversed its 1951 nationalization. The coup installed a pro-Western government under the Shah, allowing foreign oil companies (40% U.S.) to form a new consortium and resume control.
Key Aspects of the 1953 Oil Restructuring:
The Coup (Operation Ajax): The UK and USA initiated the coup to regain access to Iranian oil after Mosaddegh nationalized the British-controlled Anglo-Iranian Oil Company (now BP).
Reversal of Nationalization: The post-coup government dismantled the nationalized structure and allowed a new international consortium to manage Iranian oil, with American firms gaining a significant 40% stake.
End of Embargo: The British-led boycott, which had halted Iranian oil exports and crippled the economy by 1953, was lifted, allowing oil production to resume.
Long-term Impact: The Shah’s absolute rule was strengthened for 26 years, ensuring Western control over the nation's oil resources
Then due to illness the Islamic takeover removed the Shah.
The regime many promises to the youth about wealth, and as soon as the regime was in power, it took away the promises, stripped away woman’s rights and freedom to think, pray or believe independ away from the people of Iran- all ages
Following the 1979 Islamic Revolution, Iran shifted its oil sales away from Western, US-aligned, and multinational corporations (the "Seven Sisters") towards a diverse group of buyers in Europe, Asia, and, increasingly over the following decades, developing nations. China has become the primary buyer of Iranian oil.
This is the main reason China has been able to produce such cheap products and flood American markets .
The people of Iran want freedom and democracy and intend to once again partner with western Allies.

Do not take trades on your phone only your laptop and do something completely different. Or you can take a big trade and sell .01 above where you bought so all your BP is used, but this is a band-aid you really need discipline. The market isnt going anywhere

If you are not getting interest on the cash set aside , you may be doing something wrong. Fidelity gives interest on the cash (but I do not recommend them for trading). Most other companies (Schwab, IB, Tasty) give 75% or so BP if you invest in Sgov , Tbil, Bil, type stuff, or 98%+ Bp on U.S. treasuries. This applies to Margin not Cash accounts. Schwab does have a deal on Cash accounts if you buy their money market funds.
Actually if this is a Margin account and the cash is invested in instant money stuff (treasuries, Sgov) then BP is a better way to go anyhow. A 250 strike instead of tying up 25k, will only use 4k-5k.

When will people learn that big pharma companies are bad businesses. Their only advantage is low cost of capital for M&A and relationships with doctors and payers. That is it. There is very little to distinguish most of them and they play a tough game where you have to constantly reinvent your key products and competition is fierce. Look at the long term chart of most BP companies and you will realise this immediately.
If you want to make money in pharma, go learn some science and invest in smaller biotechs you believe in. Otherwise best to stay away.

Am building something similar. I do mostly short options trading, quite mechanical entry and exit criteria. Most of my strategy is fixed campaign trades but I leave some BP for speculative trades. Am using python to scan for spec trade setups using massive/databento feed. Will be wiring in a chart rendering check using anthropic to act as a trade jury to further filter trade candidates. Not reinventing the wheel and keeping it simple since just automating the trade opportunities will already be way better than my manual chart scanning each day. Hosting the UI on Vercel with Railway running the python program. API to TastyTrade for trade execution.

My BP is >100k with margin but I'll never use it.

Hi all,
I'm bullish on oil prices (not short term, I appreciate there's potential for further reductions, but certainly longer term given a perceived under commitment for future demand), especially as a hedge against uncertainty in my admittedly tech heavy portfolio. Commodities are ripping and I'm anticipating oil to follow at some point.
I'm 31, so am fine with volatility, and would be happy to lean into upstream-only businesses which are more heavily impacted by oil prices (rather than your massive Shell/BP etc. conglomorates).
So, to these points, has anyone invested in iShares Oil & Gas Exploration & Production ETF (SPOG), or any of the holdings within the ETF?
I'd be interested to hear people's opinion on oil and gas too. Thanks

Thanks for the responses guys so it sounds like SPY could be used as marginable securities or at worst a 30% haircut. But then the biggest risk I'm hearing is correlation risk. That is since a prolonged market drawdown would hit you on both the call and the put, let's say we're doing this with META, then holding SPY for margin collateral is too correlated.
Maybe it would work with a better hedged position for margin BP?
For me I've been doing cash secured puts for years and they've always worked. This 'portfolio secured' model strikes me as a way to get more juice or leverage out of the cash as it were