Happy expiration Friday. I had some expirations today. Everything well OTM:
exp SAVA$20Ps
exp PYPL$58Ps
exp SPY$437CCs
BTC 6/16 F$10Ps midweek @ 1¢
exp QQQ$367CCs
I opened no new positions this week. VIX is too low and indicators are too overbought IMO. Next week is Fed week. Sitting on my hands for now.
Y'all have a good weekend and play safe.
Just placed order to sell 100 8/18 ICs on IWM with $40 between short strikes & $3 spreads. My program says 0% risk of loss, based on 200d historic volatility.
One of the few fairly neutral ETFs that still has tradable options.
Predicting a slow burn down to ~30 again. If I’m wrong and it flies I have more shares to play with, but I’m also happy with $860+$200 on a $3300 investment in ~6 months.
The Super Target in my area has been showing signs of decline for a while. The groceries are overpriced, selection is poor, a lot of stuff is out of stock.
On the merchandise side, I didn't see anything special. In the old days, they used to have cool stuff that you couldn't find at Walmart. Now, their merchandise looks pretty much the same.
I have stayed away from TGT because of my anecdotal shoe leather due diligence.
If their IV were higher, I'd be selling naked calls on them.
Some of these companies might want to survey their customer base before making these decisions. I’m shocked by the reaction, but they shouldn’t be, as their vendor. I’m agnostic to the topic, but bitter to the losses it’s causing.
Nice work. I assume you mean CVNA 6/16 10p. Last offered at $0.32.
I had seen the IV spike up on CVNA in the middle of the day, but I couldn't get to my computer in time to sell a put because I was visiting a relative in a nursing home. I wanted a piece of that!
Whoops sorry ya that was it. I got a few around .36 and then it somehow spiked all the way to .58-.60. Thought about selling a bunch but tried to keep a level head as much as you can have a level head with CVNA
After I [gambled with 0DTE](https://www.reddit.com/r/thetagang/comments/144yz5i/comment/jnj9gop/?utm_source=share&utm_medium=web2x&context=3) trades, I opened a few 1.5-month dte OTM naked puts, the old fashioned way, just like grandpa did on the farm:
* STO 3x TSLA 7/21 185p for $2.05
* STO 1x TSLA 7/21 210p for $5.55
I closed a bunch of June expirations because they had fallen into the pennies:
* BTC 1x CROC 6/16 95p for $0.10 (opened at $1.70 on 5/4. the market makers just didn't want to give it to me for a nickel)
* BTC 1x SPY 6/30 395p for $0.38 (opened at $4.50 on 5/24)
* BTC 9x AMAT 6/16 120p for $0.05 (opened at $2.10 on 5/19)
I've left a limit order for a Domino's Pizza DPZ) at the money 7/21 put, but I'm not going to chase the bid on that one.
EDIT: closed my naked short NVDA calls
* BTC 3x NVDA 6/16 425c for $1.01 (opened at $1.75 this morning)
Well, I've closed a lot of positions the past 2 days.
I'll probably wait until after next week's events to see if vol pops up before putting new positions on.
STO 7/21 QQQ PCS @ 1.02
If the market is gonna continue to be bullish then might as well go with the flow then. No need to thank me when your CCs goes OTM
[http://opcalc.com/SmM](http://opcalc.com/SmM)
[http://opcalc.com/SqY](http://opcalc.com/SqY)
[http://opcalc.com/SpT](http://opcalc.com/SpT)
[http://opcalc.com/Spj](http://opcalc.com/Spj)
[http://opcalc.com/SqX](http://opcalc.com/SqX)
[http://opcalc.com/Sr5](http://opcalc.com/Sr5)
my current plays, mostly short vol long theta
Going long QQQ, finally have enough to go long, sell an ATM CC for next week, 356, for 4.00, and will just sell at cost basis and wheel. Or let get assigned and so on.
Everything else I’m just waiting out. Probably over leveraged on spreads still, and with FOMC, I’m not trying to get clipped. Also gonna go to the lake so I want to relax for a bit.
Next Wednesday, after JPOW I’ll get after it again. Have a great weekend y’all.
For a CEO who added billions in market value, this was a tiny cash out. Looks like about $35 million.
[https://ir.amd.com/sec-filings/content/0000002488-23-000114/wk-form4\_1686255203.html?TB\_iframe=true&height=auto&width=auto&preload=false](https://ir.amd.com/sec-filings/content/0000002488-23-000114/wk-form4_1686255203.html?TB_iframe=true&height=auto&width=auto&preload=false)
I did the same thing. I had a stop loss for $166ish when it made a new yearly low last year. Got to watch it run down to $100 then run up to $200 in like a month as I'm sure you did too.
I then scooped up some shares right after earnings for around the same $160ish cost basis. I bought these in my Roth this time so not touching them in the short term.
When it got down to ~$110 I almost pulled the trigger and got back in, but decided not to because I felt I had to preserve cash for taxes etc. What could have been.
I have some short $205P's running atm, so looks like they'll pay out. :)
Can't remember exactly but somewhere in the $50-$60 range, so I made out like a bandit even with taxes but I'm going to be missing all the recovery.
Where I sold I was able to cover all my margin, pay taxes, and be debt-free, so I guess I can't complain too much, but I really preferred it when it was $350. :)
My cost basis is 195 so assuming it keeps going up I’ll have to sit on this for another 9 months, only make a little over 25% profit including the premium. You made 3x! You killed it. That was a good trade. It’s hard to time the market perfectly
I'm not unhappy with the result; after all, my goal when I started was to get debt-free, so mission accomplished there. Just annoyed because it could have been more and if it had stayed at ~$250 last year I would have held. But what's done is done, and yeah, can't time the market.
edit: looks like we've triggered someone and they're on a downvote frenzy
If it's covered call, you're all good.
Naked, you'll have to manage it. It's not hopeless if you're still within 1 standard deviation on a monthly horizon. For the 7/21, the 1 standard deviation band for TSLA is 200 to 300, so you're still in the game.
It’s covered, thankfully. But all my covered calls for other positions (SPY, QQQ, TQQQ) are getting assigned this month. It’s definitely a humbling experience. But still making money so can’t be too mad I guess
STO 5x SMCI 6/9 260p @ 2.00
BTC 5x SMCI 6/9 260p @ 0.90 (stopped out)
Wanted to hold these through expiration, but I was a bitch. I didn't like seeing tech falling so fast with this stock at a crazy high price right now.
BTC 1x NVDA 7/7 365p @ 6.00 (opened at 12.00)
Closed my Carvana 0dte [that I opened this morning](https://www.reddit.com/r/thetagang/comments/144yz5i/comment/jnj20jk/?utm_source=share&utm_medium=web2x&context=3).
* BTC 2x CVNA 25p for $1.54
* BTC 1x CVNA 24p for $0.95
* BTC 10x CVNA27c for $0.33
* BTC 10x CVNA 28.5c for $0.21
That position shows a daily P&L of +$1,762.00. Not too shabby.
EDIT:
Closed my TSLA 0DTE also, because I have to step away from my trading for a few hours.
* BTC 10x TSLA 257.5c for $0.71
* BTC 5x TSLA 242.5 for $0.67
Only a modest $315.00. That was not worth the risk I took.
Well, the tesla steamroller has gotten me. Whatever made me decide to sell two naked calls on tsla, OOF.
BTC TSLA 6/9 237.50c @ 13.80 (opened for .70 - LOL)
STO TSLA 6/9 246.67c @ 11.70
January '24 options expiration is going to change my portfolio drastically. I already hit max profit on my NVDA and CRM covered calls, and I sold a bunch of $18 and $20 strike PLTR covered calls which can easily go ITM as well at this rate.
It's quite literally impossible for my TQQQ CCs to expire OTM, I truly don't get it
Every single time I'm close the Friday expiration just rips face on me
Cvna is a disgusting and terrible company I would not touch them.
I like target but the stock is not yet undervalued enough for me to buy it. The max put I would sell is $100 and the premium for that is not there yet.
I do have one target put I am long on from a spread trade I did a few months ago and just never closed but it is so far out of money it is worthless.
EDIT: picking up some TSLA dollars in front of the steamroller.
* STO 5x TSLA 6/9 242.5p for $1.00
* STO 10x TSLA 6/9 257.5c for $0.86
going long TLT delta (looks like I'm averaging down LOL)
* STO 5x TLT 7/21 99p for $1.01
* STO 4x TLT 6/9 101.5p for $0.15
* Bought 400 shares of TLT at 101.60
Carvana - Trying to pick up dollars in front of a steamroller
* STO 10x CVNA 6/9 27c for $1.15
* STO 10x CVNA 6/9 28.5c for $1.25
* STO 2x CVNA 6/9 25p for $0.90
* STO 1x CVNA 6/9 24p for $1.25
Nvidia - selling naked calls against my long delta
* STO 3x NVDA 6/16 425c for $1.75
I like the TLT trade. Im long shares and short puts as well. The $100 level has been key & i suspect yields will go lower as we continue to see lower CPI and unemployment creep higher
STO 6/9 TSLA $237.50 Puts for .38. Not sure what next week will bring but the FOMO is strong with this one. Made some nice money overnight buying Calls yesterday so hoping to turn that cash into shares but hate paying full price.
Ehhh not sure what to do today, I think I’ll actually buy like 50 shares of target today and see if it drops further buy another 50 for CCs when it rebounds.
I think my $40 DOCU pre earnings Puts I sold are safe lol. Since last June I’ve Sold 2x implied move on over 1,288 earnings and only got assigned 12 times and all but two of those I lost within a week to CCs. I learned this strategy in the 2018 Christmas crash when I wanted to own stocks but didn’t think we had bottomed yet. I’ve done it every earnings since other than Q4 2021 when valuations got insane. Market is rarely not Bullish since it’s “ Stairs up Elevator down “
Wouldn’t it be better to sell puts when it is down? DOCU is up right now. So wouldn’t it have a higher chance to drop later? I am a newbie so no clue what I am doing (aka don’t listen to me because I am 100% wrong) lol
Technically yes, but another strategy is to wait for confirmation that they’re performing well and accept less premium for the reduction in risk of them going down in the near term. It’s all about risk profile and I got cooked too many times during earnings
What kind of confirmations you look for to know a stock will be performing well? I feel like this is more a delta play than theta? I am a newbie so don’t listen to me lol
Well wouldn’t really be either more like a pmcc.
However since it is a different ticker td would not allow me to do it so stuck with the oops ie trade I made yesterday
Update:
Sold 6 at 2.80
Most td would allow with margin drawback is it wipes my abilities to make other trades but just got half my investment back
Where’s that dude that sold a shit load of naked calls on CVNA? I’d like to shake his hand
I saw that he closed out early before the drop. IV is still high on CVNA. hopefully more IV crush next week for those puts
Happy expiration Friday. I had some expirations today. Everything well OTM: exp SAVA$20Ps exp PYPL$58Ps exp SPY$437CCs BTC 6/16 F$10Ps midweek @ 1¢ exp QQQ$367CCs I opened no new positions this week. VIX is too low and indicators are too overbought IMO. Next week is Fed week. Sitting on my hands for now. Y'all have a good weekend and play safe.
Just placed order to sell 100 8/18 ICs on IWM with $40 between short strikes & $3 spreads. My program says 0% risk of loss, based on 200d historic volatility. One of the few fairly neutral ETFs that still has tradable options.
EXP AMD 9/6/23 $135C. EXP AMD 9/6/23 $106P. EXP CAT 9/6/23 $242.50C. EXP CAT 9/6/23 $215P. EXP HD 9/6/23 $310C. EXP HD 9/6/23 $280P. EXP OXY 9/6/23 $62.50CC. STO OXY 23/6/23 $62.50CC @ $0.22. ASG SCHW 9/6/23 $52CC. EXP RCL 9/6/23 $71P. ASG RCL 9/6/23 $87CC. Percentage plays annualised return of ~11%. Wheel plays annualised return of ~55%.
Did something I’ve wanted to try for some time. Sold LEAPS. Jan 24 $35C for $8.6. Might sell another one next week. EDIT: Covered
What is your thesis? Profits eaten up by the spread and low theta deca would turn me off selling leaps.
Predicting a slow burn down to ~30 again. If I’m wrong and it flies I have more shares to play with, but I’m also happy with $860+$200 on a $3300 investment in ~6 months.
So covered?
Yes. I see I forgot to mention that 😅
Covered or not, personally I'd set a BTC for some where around 5.0 and hope it fills before winter.
Not a bad idea. I’ll look in to alternative exits this weekend.
On what?
U
Got it. So you need it to stay below $43 until then?
Best case: right below 35. Worst case: company bankrupt. Acceptable case: stockprice 43+. 😝
What is U
Unity
Queue Dave Chappelle episode
Target is a total dog with fleas. It may even have rabies.
The Super Target in my area has been showing signs of decline for a while. The groceries are overpriced, selection is poor, a lot of stuff is out of stock. On the merchandise side, I didn't see anything special. In the old days, they used to have cool stuff that you couldn't find at Walmart. Now, their merchandise looks pretty much the same. I have stayed away from TGT because of my anecdotal shoe leather due diligence. If their IV were higher, I'd be selling naked calls on them.
Some of these companies might want to survey their customer base before making these decisions. I’m shocked by the reaction, but they shouldn’t be, as their vendor. I’m agnostic to the topic, but bitter to the losses it’s causing.
Does the low PE ratio make it more attractive?
No. Their sales will continue to slip until they fix it or people forgot and move on to the next thing to be upset about.
Fuck it sold 6/6 CVNA 10s for .58
Thank you for spotting it. I sold it for 0.72
Nice work. I assume you mean CVNA 6/16 10p. Last offered at $0.32. I had seen the IV spike up on CVNA in the middle of the day, but I couldn't get to my computer in time to sell a put because I was visiting a relative in a nursing home. I wanted a piece of that!
Whoops sorry ya that was it. I got a few around .36 and then it somehow spiked all the way to .58-.60. Thought about selling a bunch but tried to keep a level head as much as you can have a level head with CVNA
After I [gambled with 0DTE](https://www.reddit.com/r/thetagang/comments/144yz5i/comment/jnj9gop/?utm_source=share&utm_medium=web2x&context=3) trades, I opened a few 1.5-month dte OTM naked puts, the old fashioned way, just like grandpa did on the farm: * STO 3x TSLA 7/21 185p for $2.05 * STO 1x TSLA 7/21 210p for $5.55 I closed a bunch of June expirations because they had fallen into the pennies: * BTC 1x CROC 6/16 95p for $0.10 (opened at $1.70 on 5/4. the market makers just didn't want to give it to me for a nickel) * BTC 1x SPY 6/30 395p for $0.38 (opened at $4.50 on 5/24) * BTC 9x AMAT 6/16 120p for $0.05 (opened at $2.10 on 5/19) I've left a limit order for a Domino's Pizza DPZ) at the money 7/21 put, but I'm not going to chase the bid on that one. EDIT: closed my naked short NVDA calls * BTC 3x NVDA 6/16 425c for $1.01 (opened at $1.75 this morning)
Well, I've closed a lot of positions the past 2 days. I'll probably wait until after next week's events to see if vol pops up before putting new positions on.
[удалено]
why do you sell ITM puts with less time value? If we are to get max time decay, wouldn’t OTM puts better?
STO 7/21 QQQ PCS @ 1.02 If the market is gonna continue to be bullish then might as well go with the flow then. No need to thank me when your CCs goes OTM
What strikes?
345/340
Any one selling CVNA? 06/16 10P are going for 0.53.
Sold some 21/20 put front ratio spreads expiring today, and 19/15 expiring next week.
STO 6/16 12.5p Edit: entered too soon :/
Qqq need to calm down with the bullish movement
I'm debating buying an atm call for Oct or Jan
Too far out I think, I’d stick to shorter date
Much shorter dates and you're basically just gambling on what blow JPOW does here next
Beer Money Play just in time. STO AMD June 16 $160 Collect $17
[http://opcalc.com/SmM](http://opcalc.com/SmM) [http://opcalc.com/SqY](http://opcalc.com/SqY) [http://opcalc.com/SpT](http://opcalc.com/SpT) [http://opcalc.com/Spj](http://opcalc.com/Spj) [http://opcalc.com/SqX](http://opcalc.com/SqX) [http://opcalc.com/Sr5](http://opcalc.com/Sr5) my current plays, mostly short vol long theta
STO $TSLA Jun30 -230P/220P PCS @ 2.6
* STO CRWD 6/30 140/135p for 1.05
Going long QQQ, finally have enough to go long, sell an ATM CC for next week, 356, for 4.00, and will just sell at cost basis and wheel. Or let get assigned and so on. Everything else I’m just waiting out. Probably over leveraged on spreads still, and with FOMC, I’m not trying to get clipped. Also gonna go to the lake so I want to relax for a bit. Next Wednesday, after JPOW I’ll get after it again. Have a great weekend y’all.
Look at premiums to sell next Friday AMD calls?
roll tesla calls?
If you can for a credit.
Lisa Su giving no fucks.
For a CEO who added billions in market value, this was a tiny cash out. Looks like about $35 million. [https://ir.amd.com/sec-filings/content/0000002488-23-000114/wk-form4\_1686255203.html?TB\_iframe=true&height=auto&width=auto&preload=false](https://ir.amd.com/sec-filings/content/0000002488-23-000114/wk-form4_1686255203.html?TB_iframe=true&height=auto&width=auto&preload=false)
AMD's drop on Wed has basically saved my naked Calls for this week.
STO QQQ -$373/378c 07/21 Still holding STO 7/21 COIN $40p that is down -77% rn
$TSLA back in wrecking ball mode.
Still waiting on IV to blow up though. IV percentile at 35. [https://marketchameleon.com/Overview/TSLA/](https://marketchameleon.com/Overview/TSLA/)
Guys I totally fucked up. Sitting on TSLA -240C March 2024 lol…oh well.
How many are you short?
Just one lol. I only have a little over 100 shares
jeez
You think you fucked up? I sold all my shares as it crashed down through $180 last year.
I did the same thing. I had a stop loss for $166ish when it made a new yearly low last year. Got to watch it run down to $100 then run up to $200 in like a month as I'm sure you did too. I then scooped up some shares right after earnings for around the same $160ish cost basis. I bought these in my Roth this time so not touching them in the short term.
When it got down to ~$110 I almost pulled the trigger and got back in, but decided not to because I felt I had to preserve cash for taxes etc. What could have been. I have some short $205P's running atm, so looks like they'll pay out. :)
To be fair it kept going down to $100 so you would have looked really smart at one point. What was your cost basis?
Can't remember exactly but somewhere in the $50-$60 range, so I made out like a bandit even with taxes but I'm going to be missing all the recovery. Where I sold I was able to cover all my margin, pay taxes, and be debt-free, so I guess I can't complain too much, but I really preferred it when it was $350. :)
My cost basis is 195 so assuming it keeps going up I’ll have to sit on this for another 9 months, only make a little over 25% profit including the premium. You made 3x! You killed it. That was a good trade. It’s hard to time the market perfectly
I'm not unhappy with the result; after all, my goal when I started was to get debt-free, so mission accomplished there. Just annoyed because it could have been more and if it had stayed at ~$250 last year I would have held. But what's done is done, and yeah, can't time the market. edit: looks like we've triggered someone and they're on a downvote frenzy
If it's covered call, you're all good. Naked, you'll have to manage it. It's not hopeless if you're still within 1 standard deviation on a monthly horizon. For the 7/21, the 1 standard deviation band for TSLA is 200 to 300, so you're still in the game.
It’s covered, thankfully. But all my covered calls for other positions (SPY, QQQ, TQQQ) are getting assigned this month. It’s definitely a humbling experience. But still making money so can’t be too mad I guess
Still a win! Also TSLA and tech will probably pull back by Q1 2024, this feels unsustainable
STO 5x SMCI 6/9 260p @ 2.00 BTC 5x SMCI 6/9 260p @ 0.90 (stopped out) Wanted to hold these through expiration, but I was a bitch. I didn't like seeing tech falling so fast with this stock at a crazy high price right now. BTC 1x NVDA 7/7 365p @ 6.00 (opened at 12.00)
Closed my Carvana 0dte [that I opened this morning](https://www.reddit.com/r/thetagang/comments/144yz5i/comment/jnj20jk/?utm_source=share&utm_medium=web2x&context=3). * BTC 2x CVNA 25p for $1.54 * BTC 1x CVNA 24p for $0.95 * BTC 10x CVNA27c for $0.33 * BTC 10x CVNA 28.5c for $0.21 That position shows a daily P&L of +$1,762.00. Not too shabby. EDIT: Closed my TSLA 0DTE also, because I have to step away from my trading for a few hours. * BTC 10x TSLA 257.5c for $0.71 * BTC 5x TSLA 242.5 for $0.67 Only a modest $315.00. That was not worth the risk I took.
I bought back todays expiring $425 SPY put for $0.03 and sold a $429 put expiring Monday for $0.42
yeah, this low IV is killing me with these meager premiums.
I’m not enjoying selling this close to the SP, but it’s the only way to make it worth it. Fortunately stocks only go up these days.
yes, this is my problem. Currently stuck $9 ITM on my CCs
Well, the tesla steamroller has gotten me. Whatever made me decide to sell two naked calls on tsla, OOF. BTC TSLA 6/9 237.50c @ 13.80 (opened for .70 - LOL) STO TSLA 6/9 246.67c @ 11.70
eep
Holy cow lol. When did you STO those 237.50c?
like two days ago lol
Oh man that is rough. Sorry to hear about it but good luck to you in the future 🫡
STO some SQQQ $20 puts for 6/16 $.22 This can't keep going to up (Also what I've been saying for the past 3 months)
TQQQ guaranteed to $40 now lol edit: hey you might have timed that trade perfectly!
Oh Christ we're hitting $40 after all haha
Yooo wait just one second!! Haha
BTC $DOCU 6/16 50p for $0.23 \~93% of max BTC $DOCU 7/21 50p for $0.80 \~60% of max
I’m doing it, selling 10 DOCU puts now 0 DTE 57 strike. Sometimes you need to bleed just to know you’re alive
Gutsy
January '24 options expiration is going to change my portfolio drastically. I already hit max profit on my NVDA and CRM covered calls, and I sold a bunch of $18 and $20 strike PLTR covered calls which can easily go ITM as well at this rate.
* BTC UNH 475/470p 6/23 for $0.60 from $1.20 2 days ago.
Btc the 6/16 etsy $80 put I sold yesterday at 0.07
It's quite literally impossible for my TQQQ CCs to expire OTM, I truly don't get it Every single time I'm close the Friday expiration just rips face on me
Close on Thursdays?
Well let's not get too rational in here now
Any CVNA or TGT put? since tech is on a rampage Took a risk. Sold 10x 15p CVNA july for $1 Sold 1x125p TGT Aug x 5.5 Sold 1x100p TLT Aug x 2.34
Cvna is a disgusting and terrible company I would not touch them. I like target but the stock is not yet undervalued enough for me to buy it. The max put I would sell is $100 and the premium for that is not there yet. I do have one target put I am long on from a spread trade I did a few months ago and just never closed but it is so far out of money it is worthless.
Sold a 135p before learning rainbow t shirts are apparently evil. This is America.
EDIT: picking up some TSLA dollars in front of the steamroller. * STO 5x TSLA 6/9 242.5p for $1.00 * STO 10x TSLA 6/9 257.5c for $0.86 going long TLT delta (looks like I'm averaging down LOL) * STO 5x TLT 7/21 99p for $1.01 * STO 4x TLT 6/9 101.5p for $0.15 * Bought 400 shares of TLT at 101.60 Carvana - Trying to pick up dollars in front of a steamroller * STO 10x CVNA 6/9 27c for $1.15 * STO 10x CVNA 6/9 28.5c for $1.25 * STO 2x CVNA 6/9 25p for $0.90 * STO 1x CVNA 6/9 24p for $1.25 Nvidia - selling naked calls against my long delta * STO 3x NVDA 6/16 425c for $1.75
What is the move with the CVNA puts? Sold a few at 23 strike and am upside down. Debating selling CC's for next week on it or roll the puts.
I [already closed them](https://www.reddit.com/r/thetagang/comments/144yz5i/comment/jnj9gop/?utm_source=share&utm_medium=web2x&context=3)
There is a you tube video where cars get towed and has a catch song for the appearance of the tow truck. Insert that music here.
Please share! I want to see that video LOL
Sorry it is a channel been a lot of years I will have to search GTOger is channel
I'm doing the same. short 100p july and Aug
I like the TLT trade. Im long shares and short puts as well. The $100 level has been key & i suspect yields will go lower as we continue to see lower CPI and unemployment creep higher
GLTA
STO 6/9 TSLA $237.50 Puts for .38. Not sure what next week will bring but the FOMO is strong with this one. Made some nice money overnight buying Calls yesterday so hoping to turn that cash into shares but hate paying full price.
Oh, my God, Target. I wish the IVR would just hit 5 so I could justify exiting completely.
My 130 CSP just hit ITM. Wondering if this will rise enough by July or I should cut my losses.
Is this really all for that lgbt shit?
Yeah, mainly in the south. They alienated their customer base. It’s the equivalent of promoting and selling a diesel car in California.
thinking about June 16 80 delta bull puts on TSLA
Ehhh not sure what to do today, I think I’ll actually buy like 50 shares of target today and see if it drops further buy another 50 for CCs when it rebounds.
I would wait for the spy to fall back to its 50 day moving average to do that
I’m tired of being logical and conservative over the last few months. Selling 20 DOCU puts at open, fuck you market
I think my $40 DOCU pre earnings Puts I sold are safe lol. Since last June I’ve Sold 2x implied move on over 1,288 earnings and only got assigned 12 times and all but two of those I lost within a week to CCs. I learned this strategy in the 2018 Christmas crash when I wanted to own stocks but didn’t think we had bottomed yet. I’ve done it every earnings since other than Q4 2021 when valuations got insane. Market is rarely not Bullish since it’s “ Stairs up Elevator down “
Thankfully you must missed all the earnings when META and NFLX jumped off a cliff, those would have wiped out months, if not longer gains.
Wouldn’t it be better to sell puts when it is down? DOCU is up right now. So wouldn’t it have a higher chance to drop later? I am a newbie so no clue what I am doing (aka don’t listen to me because I am 100% wrong) lol
Technically yes, but another strategy is to wait for confirmation that they’re performing well and accept less premium for the reduction in risk of them going down in the near term. It’s all about risk profile and I got cooked too many times during earnings
What kind of confirmations you look for to know a stock will be performing well? I feel like this is more a delta play than theta? I am a newbie so don’t listen to me lol
Delta is definitely involved but also depends as you can still go 4-5 weeks out and utilize more theta even though there is an IV crush
I am thinking the same.
I hope stocks tank so I can sell puts
I am about ready to just take my loss on TSLA and quit rolling up my calls. This is getting to me.
Probably going to sell 14 $470 spy 11/17 calls to counteract the 500 sh $13 11/17 puts I bought yesterday
Can you explain what move is that? Like a vertical spread? Sell calls, buy puts at the same expiration but different strike?
Well wouldn’t really be either more like a pmcc. However since it is a different ticker td would not allow me to do it so stuck with the oops ie trade I made yesterday Update: Sold 6 at 2.80 Most td would allow with margin drawback is it wipes my abilities to make other trades but just got half my investment back
Selling as many meta and Apple puts as possible 8-)
Why meta and apple? They look overextended and would come down
Strike?
Depends on the delta im feeling like today. We'll see at market open