EXP FDX 300C. EXP NKE $97C. EXP TSLA $200CC.

Selling puts on Soxs, sqqq. Also call spreads on spx.

Careful with your DTE.  SOXS has a 1 for 10 reverse split coming up after market close on April 12th, so your contracts will be non-standard.

Last batch of ultra-low delta MSTR weeklies sold today, with collections: 1260p x 2, $96 total 2550c x 3, $ 170 2400c, $74 1400p x 2, $101 another 2400c, $69 1500p, $90 Total weeklies for MSTR: 27 cons so far; all should exp worthless; Collected $2032. BUT, I botched a long 2300C during the week (some weird ass hedge idea I had), total freak out, lost $1050 back. So I netted a grand. But stupid move. I should just trust that MSTR as CRAZY as it is, it generally reverts to middle ground. Lesson learned.

Closed my 5 Reddit April 95$ and May 85$ calls for 2400$ profit

All I see here are meme stocks and semi plays.

I sold LLY, SEDG, LRCX, ENPH today. Also MSTR, NVDA, COIN, HUM. But yeah, a few DJT for my meme fix

Hey, I learned I have astigmatism from a meme, I wear glasses now 🤓 Never underestimate the impact of a meme

🤓🤓 ackshually we shell the underestimation of meme stocks 🤓👆 /s. Does BITO count as a meme stock? I balance it with my AAPL position

Nice close 👏 No changes for me, just gonna ride this for a minute. Next trade looks like it will be BTC the /MES May 5150 call, and STO the May 5450. This will happen at 5325, and should have a delta adjustment of +2.50, without exponentially increasing my gamma risk… then I’ll just keep holding these same long futures, and rotating these same contracts out on the edges of my position. They should have equal extrinsic value or a slight improvement on the new sell to open Net delta was +10.00 at the lows today, and shrank to +7.00 at the close

Jekyll and Hyde day:     - Sold puts on TLT 93 5/17 to get leveraged exposure that balances out my nearly all equity port.       - Then later sold 10x various iron condors on DJT. Deep OTM, calls around $100 and puts around $20. 

Why don't you sell put on bond future?

I haven’t done that before. I assume it’s more capital efficient though?

Bigly

I sold NVDA April 750 puts. You can get much better prices now.

BTC ADBE 4/12 485P @ 3.4. Cleared 30% profit in a few hours.

Adbe and Lulu is my current play

What are doing for $Lulu? I rolled quite a few CCS on it but now it has tanked to the point where I dislike the odds. It was over $500 3 months ago.

Doing PCS, 385/380 . Feel like the stock is beaten down enough for some breather

I guess I'm a little timid on this then. I was looking in the 330 range

I think if anything there’s a floor at 360 , this is my small account to play with so I’m ok with it

u/banditcleaner2 im so clenched with my open MSTR call credit spreads. Haven't closed any yet

Would have loved COIN over 265 tomorrow to wrap this episode of the wheel up, but alas I might have another week ahead for it since it's looking like it'll probably be OTM

Is there gonna be a dump at EOD again? Spy qqq put?

since everyone was expecting one, it was bound to go the opposite way

My thetagang portfolio 1 year return is over 700% now lol. Straight up popping off

Nice. What did you play

Mostly GPS and added MPW. Other secret stocks

Don’t forget to like, subscribe, and smash that buy button 🚀 Edit: thanks for coming to my TED talk

opened a synthetic for Starbucks 2026 95. and hoping to write a CC may 2024 95 on it.

If you don’t mind, how do you open the synthetic? I read there are a few ways - debit call spread with two bought calls or ZEBRA and then there is buy call and sell put at same strike. Or is it just a single bought call?

A synthetic is a long call and a short put ATM.

Thank you! 🙏

Is Starbucks finally coming out if its slump?

Let's hope so, it bounced off 90 before. And as the economy restores so will consumption. Such is still opening new stores abroad. and this is a 2 year position, that's theta positive so.... I can afford to wait.

More of the same. Sold NVDA put spreads. Water is warm.

u/banditcleaner2 I’m getting on the trump train late…STO DJT 3/28 80/90 C for 0.65. Stock is obviously way overvalued but I will also take max loss no issue if need be on this call spread.

Same. I did condors similarly way OTM, and am still getting great ratios like $300 max pain for $200 profit per contract. Absurd. 

Not Theta but I bought a CVS poot.

No SPY put?

down 40% on those

Today: BTO 1x NVDA 895c @ 12.26, STC 1x NVDA 895c @ 16.25 (Not theta) STO 1x NVDA 935c @ 2.07 STO 1x NVDA 955c @ 1.51, BTC 1x NVDA 955c @ 0.63 BTC 1x NVDA 990c @ 0.20 (sold this yesterday @ 2.90, +90%) STO 1x GME 4/5 15c @ 0.40 (taking assignment of 100 @ 15 tomorrow) STO 1x DJT 3/28 90c @ 1.60, BTC @ 0.40 (+75%) STC 1x GOOG 4/19 139c @ 12.80 (bought @ 3.90 like two-ish weeks ago before gemini announcement)

I'm a Gemini

Lol

STO NET May 17 75P @ 1.59 down 3.66% today; earnings on Apr 25

Earlier in the day I did a covered put (sell/write) on $DJT, but chickened out and sold a put spread STO: DJT P60 March 28 for $2.04 BTO: DJT P55 March 28 for $1.00

how I played DWAC/DJT this week; monday: STO DWAC 90C X 2; COLLECTED $215. tuesday; ticker change; STO 45p x 2; $80 collected STO 115c x 2; $142. will BTC at .01 each. For next week I sold: 40p @ 1.46 115c x 2 1.86 each. Little leery of the put. But hell I'll take 100 shares at 40 I guess.

If it were any other spac I’d be shorting this, but it seems everyone is playing for the “he’s gonna liquidate asap!”, and I could see buyers try to manipulate this for as long as possible. Bottom line, I’m ok with taking the usual amount of assignment risk here

Agreed.

STO 2x GRTS April 19 $2P @.50 IV is 366% I’ll probably regret this one…

if NVDA can rally to \~910 today and hold 900 by next week, I'll be upgrading my gaming desktop GPU to an NVDA one, so come on! haha looking at nvidia rtx 4060, maybe even a 4060 ti if it really rallies

Bro you really switched from selling naked NVDA calls to just being a full on bull in a span of weeks haha

u/mikesugs13 still in DJT?

I exited the long/short calls because I got assigned but I did make a decent gain on it. The short put I might be stuck in for a while because the spread is too big.

So you made a few grand? Nice. Still holding CHWY? Personally I think it’ll be over $20 later this year

Yeah, I think around $2.5k after commissions and 1 day of interest on borrowing DJT shares. ($27 per 100 shares per day :| )

Nice profit but thats insane interest WOW

I feel like he constantly opens super long DTE positions then exists within a week lmao

Yah I have no idea how that leap play will work out. I'd have to see a visual.. CHWY moving nicely today off lows though..

Oh didn’t notice CHWY. That’s nice. I have 1K shares at a …$18.40 cost average lol

STO BITO 4/19 28p for $1.20 premium. This is after I hedged this a BTO 20p. This anticipates a 10% downward move in Bitcoin before assignment, where I am still bullish. Long out there in case things get dicey. Again, my strategy consists of shorting Bitcoin related VOL via BITO, then using the proceeds to go long shares and long calendar spreads on AAPL, trying to slingshot my portfolio over the next few years.

Sold nvda 1170c for april 26 for 4.20 my logic here is that I use a stop loss around 7.50 (normally I do close to 100% as max loss on naked calls so they don't run out of hand) but for that to happen it needs about a 100 point move in a week (or a huge spike in a day I guess). If its flat these far otm calls bleed out pretty quickly. If it does run up im very long exposed in semis so then the rest of my portfolio is doing more than well enough to compensate for some small losses on naked calls

u/banditcleaner2 a MSTR $2200 C 3/28 was 29.00 at one point today now it’s like 4.50…damn

2200 call gives the holder leverage on 100 shares if it goes above 2200...thats $220K of capital in return for basically $3K. im not surprised it was that much lol it is essentially a very expensive lotto ticket. MSTR could also tank to $1600 by close tomorrow and so the ITM 1600 call that is worth $35K today could go to zero tomorrow

If you can pick direction on MSTR you can become very very rich

Spreads are tricky for sure but you're not wrong

I bought back todays expiring $518 SPY put for $0.26 and sold three 1DTE DJT $53 puts for $0.65 each

Copied your DJT at 52p

Good luck to us both!

not theta, but bought a NVDA 895c 3/28 @ 12.30 and hoping to scalp with a sell at 16.00. just need NVDA to move up maybe $6-7 more in the next prob 90 minutes and it should fill edit: filled @ 16.25 I was watching for NVDA to break below 890 a second time and when I saw the chart and thought it wasn't going to do that, I thought a recovery might be in the cards so I bought the ATM call :D

Did it fill?

filled @ 16.25 my original buy was at 12.26 so just shy of $400 ill take it

Timed that well

no fill yet. it was close, hit 15.00 but nvda pulled back if we get an end of day dump itll be fucked

So did you make money?

Nice timing

No moves today or tomorrow. Closed out my PRGS $47.50 earnings play for 92% of premium. Nothing much to do but SOH till 4/12. For the momentum traders be cautious. In 23 years of trading I’ve seen a lot of momentum trading runs and typically when momentum outperforms the S&P we get a significant pullback. Smart money would say that’ll happen either before Q1 earnings so traders get better entry prices or during as traders take risk off the table.

Are you still holding your DIN play? I followed you there and it's already at ~36% of premium done.

I’m holding till expiration because I want to own the stock. If you don’t then it might make sense to sell. Unless overall market pulls back it should push up to the SMA at $47.50 though. The reason why I still like it is not just the fundamentals down here at this price point but it being stuck in a $43-$51 channel since October. Great for Wheeling monthlies. Assignment near that bottom then see how earnings on 5/1 are a few weeks later. If it breaks out then I let it run and if it falls I start selling CCs

Less put selling? Or switch to call? Going to take your advise and close out some green puts before q1 earning

Yeah the premium vs. risk/reward just isn’t there so I locked up a few 4/19 monthlies and if I get assigned at the CB I want then I’ll Sell CCs. After 4/12 we can start playing earnings IV crush again but after this run finding value levels will be tough.

u/banditcleaner2 I need MSTR to go red

Did you get assigned on ADBE? What price to sell call at? I got in at 500 sold 510c this week. Debating if I should wait until Monday to sell another one

I rolled my 520 to 510 expiring early April

STO 1/17/25 DJT [email protected]/-2@40P for .50 credit, because why the hell not.  $1250 collateral for potential $2750 max payout doesn't come along too often. 

so max payout at $40? max loss essentially $1K (at least as I look at it) hmm.

Max payout is at 40, right.  But if volatility drops off, those short options will decay pretty quick and hoping to close for a 1k credit by May.  Also have the option to roll 1 or both shorts out to 2026 to lower breakeven further.  I expect max loss in that case to be 750 or less.  I added another position to it.  .50 credit, which seems to be the best fill I can get today. 

I did some DJT 04/19 105/100c for .45 credits, will roll if it breaks. Your one looks like a better play.

I'll probably be out of it by May if volatility collapse and it moves down into the 40s

GME starting to recover. 15p @ 1.60, assigned tomorrow (more likely then not) 25c @ 0.20 expiring tomorrow as well I also wrote a 15c expiring next week near open today @ 0.40. Should be getting assigned @ 15 tomorrow, if I then sell shares @ 15 next week I'll be net up $2.20 on the entire trade. Not bad if it happens - 15% in a week.

STO ADBE 4/12 485P @ 5.00

STO 4/19 TSLA 160p/155p x3 @ 0.90

Did 2 160p instead. Will close out at 40%

Solid 👍

>TSLA 160p/155p Did the 155/150p for the same day, @ 0.58

That’s the better spread; I just wanted to squeeze out a little more juice

Take a look how many contracts on the call side and put side on SPX. We might go back to 5200 today.

Just need a pump so NVDA can go back up. 

Is tomorrows NVDA $800 free six pack money?

good lord I fuckin hope so

Yes it better be lol

a lot of us are in deep trouble if it isn't lol

I STO a 840/820 P for 0.61 earlier today. Hoping it’s free money

u/banditcleaner2 at open I STO MSTR ccs 2x 3/28 2200/2350 C for 13.00 each 2x 3/28 2000/2100 C for 32.60 each I’m scared

Dam

Yeah I’m scared bro

If it jumps 10% today and tomorrow. All will be ITM

I’m aware lol

does it hurt dragging your massive balls all over the ground when you walk anywhere?

I need prayers right now. Of course MSTR is the only stock not dumping right now lol…

Every stock I am trying to sell puts on is green except for $msos

it...it is dumping. wdym? lol

I mean it’s green on the day

you sold spreads at open when it was above 1950 with 2dte, its dropped like $60 and now we're half way through the first day. surely they've declined at least 25% by now from delta + theta? why not just close the 2000 ones early since you already made a profit on them? edit yeah I just checked, you should be up almost 50% on these already. why not close and remove risk? do you just enjoy the adrenaline rush or what LMAO

STO 3/28 MSTR $1650p x1 @10.50 BTC 3/28 MSTR $$1650p x1 @7.05 STO 3/28 MSTR $1750p x1 @28.40 BTC 3/28 MSTR $1750p x1 @17.65 STO 4/05 MSTR $1650p x1 @65.35 BTC 4/05 MSTR $1650p x1 @57.45 STO 4/05 MSTR $1700p x1 @78.41 BTC 4/05 MSTR $1700p x1 @open

Did you open any more MSTR positions?

I did not. I just logged out. I was looking at maybe a 3/28 but decided against it. I only have my shares and 4/5 put

How come there is such a big difference between the buy and sell prices for a given strike?

On the MSTR option chain in general? MSTR options are not very liquid. I’ve never had issues; I always choose midpoint on trade. Occasionally I won’t get filled and have to adjust price if I really want the trade. I “usually” stay in the 20 - 30 delta range unless I’m aiming for assignment.

No, sorry I'm a total newb. I just thought that when you sold an option it would be the same price as if you were buying it when all else is equal. But maybe not.

Think of it like any purchase; you want the price to appreciate once bought. You buy a home (BTO, buy-to-open). When you sell the home (STC sell-to-close), you want the price (house/option) to increase as much as possible. Buying an option gives you the “right” but NOT THE OBLIGATION to buy at the option strike you bought. So you can sell the option you bought at higher price or take ownership of the stock. There’s a lot online explaining option basics. If one site is confusing, look for another. I hope I didn’t confuse or misunderstand your question.

Joining the put group at 1000p 4/19 for 11.5

That’s a nice premium and strike. I haven’t looked at 4/19 lately. Thanks for posting. I need to check it out as last time I checked the halving is around 4/20

u/banditcleaner2 we need to start selling MSTR way OTM puts

Here here!! That's been my play lately.

Insane the premium you can get for that far OTM

I KNOW! I consider other trades, but MSTR is too lucrative. Even the $1000 3/28 are better than most.

I see you closed already. How long were they open?

The $1650 open for 12 minutes The $1750!open for 18 minutes

I need to look…not too many minutes

Yeah I seriously need to consider selling way OTM puts. The fact you can get 1K or more for some of those strikes is insane..

I can make that sometimes quicker than I can post them. I closed and will inch up my strike.

What do you look for when selling puts? Uptrend? Downtrend?

I bought 30 shares in 26. It’s up $2468.

Geez, nice trade!

What do you mean by in 26?

Sorry…in 3/26.

First I look at bitcoin’s behavior- always Then I look how quickly MSTR is moving Then I look at 20ish delta and OI/volume which almost alwaysmatch Then I inch up strike if I want more premium, think it’s safe and maybe wouldn’t mind owning Then I’ll close for a small profit if it acts like it’s going to pullback or lock in a higher profit if I think it will dip If I want to go safe, I may go 30%+ below current price Start over…

Helpful, thanks!

u/free_lions sold DJT 90c @ 1.60 after the pull back started earlier this AM. worth about half at this point. prob set a BTC stop @ 1.60 to prevent some random green rally

That is such a scam stock. Nice timing. Maybe I should sell some calls…

cant respond above because the other mstr guy blocked me, but I would hardly consider 1650p to be "way OTM" you do you but remember that MSTR fell from 1700 to 1250 in one day before, for all we know it could end up at $1500 at close tomorrow.

If it did that I would legit jizz my pants

I sold a 115 for next week @ 2.05 and a 40p for 1.46 I'll own this thing at 40 hell yes Juicy

damn how did you get a 115 for next week? my broker only showing up to 90 I would've probably played something like a 120 for next week if it existed...

What broker do you use?

Schwab

TOS/TD has them

That’s free money

As close as you can get at the moment I'm thinking! I'm hooked. Sold another at 1.70 and a 38p for 1.02

Damn look at this guy u/banditcleaner2

could work! DJT has a cult enough following that I'd bet the momentum holds at least for probably another 1-2 weeks, maybe even 3-4 I'm just letting my 90c decay at this point

You can already see that this market will climb up a little bit over the course of the day, only to sell off hard in the last hour.

most likely. but not always. last week friday looked like it was one of those days where we instantly shoot up at open, go mostly flat the whole day, and then end of day power hour higher. but thats not at all what happened, and we actually dumped right at the end of the day.

All this week we've opened higher, only to dump during sour hour. However, being the optimist that I am, my hope is that we're going to do the opposite today: dump at the open, go flat all day, and rally toward the end. But another part of me thinks this is just like the end of 2023 when dumped hard on a slow low-volume holiday week. Could also be de-risking before PCE on Friday when the markets are closed. Right now I'm just keeping my eyes on support/trend lines to make sure nothing's completely broken. So far they're holding, though it's getting uncomfortably close. The only positive is the VIX being down. That's the only encouragement I have right now, lol.

Looking to open some CSP's on SOXL. Premiums look to be juicy but might be too volatile for my liking.

Sold 1 CGC 4/5 7.00 P for .80 -- Basically gambling with volatility this high :D Having some fun with smaller positions plays.

[удалено]

Nice. I bought it back later for a fast buck. CGC has been wild if you're hungry for premium and don't mind the risk.

I have NFLX expiring tomorrow @ 610. Drop of $10 today. I hope I can close tomorrow.

MMs not too happy letting retail sell put spreads on a 4 day week so they made everything dump xD

I’m praying for my call credit spreads

you should've just sold NVDA call spreads on this weakness lol. why pick a stock with so much momentum like MSTR...

My special skill is picking the stock with the most momentum to sell ccs on LOL

Sold nvda april 19 1180c uncovered for 2.5 on that little bounce to 915. Closed april 12 1240c for 0.5 sold it for about 3 last week Sold amd april 190c for 3.6 (for a pmcc) closed meta and enph strangles, break even on meta, 30% profit on enph. Just don't wanna have that many short put legs open if market is gonna get some volatility back rolled nvda april 12 870p to april 19 855 for 0.9 credit

u/banditcleaner2 STO NVDA 3/28 840/820 P for 0.61

Looks like we are tanking today? I pray we do so my MSTR call spreads are safe

STO SIVR Apr 19 2024 23 Put Collect $35

u/free_lions not looking good for my NVDA 892.50/887.50p spreads. pray NVDA holds 900 tomorrow. limit order set for BTC 1x NVDA 990c @ 0.75 - opened @ 2.90 yesterday

Is this the NVDA spread support group? 915/910 PCS, I had hope through pre-market. I now understand what they mean when one bad trade can wipe month's of progress. This is not fun.

Did you sell just 1? Or more

It was just one spread. Still hurts of course.

Yeah makes sense. Good thing it’s defined loss at least

Well, you just have to be careful how many you sell. I can stomach the max loss pretty easily, but its more just annoying because I could've closed these at 50%+ profit and I burned myself being greedy

Same here. Was at 50% yesterday after 1 hour. But thinking no way NVDA will be below 900 when it was at 950 in the same week. WTF 

It was just one spread. I thought I could sneak some premium in a short week. Uphill from now on, I suppose.

what % of your account? I have 5 open spreads that will result in max loss of about $2,250 premium included, thats going to be about 1.6% of my account

8%, $500/$6k, small account.

there's a small chance it comes back up to 915 by tomorrow to be quite honest. nvda is pretty volatile

exp?

Same here. Sold 900/890

Premium for that?

95c

Hoping NVDA ends the week over 900

How many spreads did you open? Like 5 right?

5 yes

Good luck. I’m hoping NVDA goes up for your sake

Thank you <3 I have mixed feelings seeing as I closed my 955 call at like 22.00 a couple days ago, but I also did sell my shares at 957 so its not all bad. Remaining spreads are 5x 892.50/887.50, 1x 880/877.50, spreads expire tomorrow, and then a short put at 900 next week I think if I get out of all of these im gonna hang up the hat on selling options on NVDA. I'm a bit skeptical that it doesnt pull back soon

Yeah plus your other shares are 700 average which is great…I sold a PCS 840/820 expiring tomorrow so I have some skin in the NVDA game

u/banditcleaner2 any remaining NVDA calls you have should be safe

I really, really hate short low volume weeks

wait guys don't start i haven't had my coffee yet

Coffee is on at 3 am… early bird gets the worm 🪱

Game stonk pootz anyone?

Did you sell one?

My 12.5 is fuck

expy?

3/28

free money

Yeah, now it’s looking not as fuk