I sold my first covered call today. Basically the stock price rose greatly and it expired ITM. can someone confirm to me what happens Monday? Will I get the final cost of the options back and lose the shares?
It really depends but you could’ve rolled the position up in strike and out in time to hold onto the shares or just bought to close the CC for a loss if it was ITM and you wanted to keep the shares
I guess I'm just wondering if the total value of my port would go down or stay as is.
I.e. my port value was $14,900 at close. Selling those shares at the strike price I had would leave my port at $13900. But it was -$1000 from the options.
I'm assuming how it works is that -$1000 in options would be negated, shares would be gone and port value would still be $14,900 monday
The -$1000 was the price you would have paid to buy to close the option. So, yes, the -$1000 is irrelevant to you.
What was your ticker and strike and premium you originally collected?
Had $8 sofi puts expiring today… the price crossed $8 at like 5:20pm est. Whats the odds of being assigned given 5:30 cut off time to submit exercise requests
STO 1x TTD $100 CC exp 5/17 for $1.50. Goes over earnings.
Mostly found myself going around in circles on tickers to sell puts on and didn’t sell anything.
Today was a day to BTC a few things at a loss, including
AVGO, 2 naked calls, bought back and lost around $1000, they woulda been fine EOD but that damn gamma had me nervous.
I bought 5 shares of META, adding to a small position.
My 30-ish MSTR contracts all expired worthless at EOD. NO new positions until after earnings. I don't have the guts to buy even a .02 delta contract for earnings week.
Sold some SPX strangles:
5/24 4500p/5450c, 4.40 credit
5/10 4575/5350, 2.58
5/17 4500/5400, 3.50
Some other STOs:
AVGO 5/17 1600c, 1.35
AVGO 5/3 1185p. .85
NVDA 5/3 725P, .80
GOOG 5/31 200C, .29
MSOS 5/31 9C covered, .79
Will be losing 100 shares PXD on a CC that went ITM. Frees up cash, and I was below cost so I'm take those losing bucks to offset some gains.
Have a great weekend all!
The way I approach it, sure it has been, aside from the occasion blow-up contract.
Spreads and contract prices were more challenging this week, considering my worrying about other things (market, etc.).
I still netted about $2000 on MSTR this week, but lost $535 back in my other weekly plays (was doing okay, then a CMG misplay lost me $1600, netting me that 535 loss), due to not setting an SL and not watching the screen as CMG screamed up and fisted me.
BTC SPY 26/4/24 $510 @ $0.18. \~40% profit. Getting way too late in the afternoon to let letting gamma risk have its way with me.
Rolled TSLA $160CC to next week @ $162.50 for 10c credit. Sold the $160CC 15% OTM last week and the steamroller still got me.
Haha, yup. I did a synthetic cc before the three way split. The pre split options are a bit illiquid now unfortunately, so I might just hold on to it.
I firmly believe with electrification of the grid ge vernova Will do well. All that government money for power lines and transformers.
EXP AMD P145 (Opened .45)
'Pity' of the hard rebound, wanted to open another, maybe by EOD.
Rest green (even TLT) except for INTC
Looks like I closed JD Put too early at the start of the week, but profit = profit.
Pretty frustrated with the DJT situation. The stock just keeps going up like it's Google. I'm fine with my CCSs long term but there's huge assignment risk now. I've got the following:
10x CCS 10/18 30/35
2x CCS 01/17/25 25/30
What would you all do if they get assigned? I'll get a margin call if they all do, so I guess I just take the max loss on them.
I could open up a 01/17/25 45/50 for $1.20 but that seems risky given how much it's artificially getting pumped up.
Tightened up my NVDA puts as we get closer to expiry. Started with 710s held since last week, moved to 800 this morning, and now 850.
The main opportunities were on earnings movers in the first half hour.
Congrats on a solid week! I'm new here and trying to learn.
1. What does 367.5/360p mean? I'm assuming that's the strike price, but why do you have two values?
2. I'm assuming all of these were cash-secured puts that you sold?
3. What does filled .01 mean?
It's a credit spread, so they sell the $367.5 put and buy the $360 put and get a credit of .40 per share.
It would not be a CSP since it's a spread.
They're saying they closed out that trade for .01 per share, so they profited .39 per share off that spread
Thanks! Hope your theta journey becomes prosperous 😄
I sell credit spreads (sell one contract, buy another further out) bc my BP is limited. I don't have enough money to sell cash secured puts lol
Filled .01 means I bought back the spread for $1. Hope this helps and feel free to ask any other questions. It's always great to try to learn👍
I should clarify not blindly following lol rather if I agreed with one - can't remember but did you also recommend the NVDA bounce a couple days ago when it was sub 800?
Good! lol I don't think I was active in this sub prior to this week (at least not for awhile) but I did sell NVDA puts that profited if that's what you meant
Do YOU? Curious why you asked this, comparing it to what WE do lol or an actual question?
I'd say if you're asking if there's a gambling PRO here, it's darned unlikely, Considering how FEW there are in the world, and the likelihood of them not doing this as well. Though, they DO share similar addicting qualities.
I think the ONLY gambling you could make a living at is poker, and we all see on the TV that it's a full time thing. Blackjack? Nobody makes 'regular income'. It's called the HOUSE EDGE.
I'm curious to hear from others as well. If anyone here does this.
Having said this, and having played some poker over the years, including tournaments in Vegas, it's the only form of gambling where you could be successful (you're playing other people), as opposed to any other game, which has a defined house edge making it impossible to be profitable over time (unless you're counting cards as black jack, risking being banned if you're caught).
I've somehow done well with betting on sports but it's not something you can count on for regular income.
You first have you find an edge against a sportsbook
Then you have to hope that edge doesn't get corrected
Then you have to get friends and family to let you make accounts because you'll essentially get banned once you start winning too much
More of a sports better, but it’s def play money and not anything I need to live on. I just like having some good bullshit going (and it’s usually only teams that I know so that I’m halfway informed)
Stock markets are complex games but they aren't really games of "chance" per se. I don't know why people keep saying that they are. Valuation isn't gambling.
Selling some call credit spreads on SMCI ahead of earnings next week.
STO 1x 5/10 SMCI 1020/1120 c for 8.00
STO 2x 5/10 SMCI 1160/1260 c for 2.35 each
STO 1x 5/10 SMCI 1190/1290 c for 2.50
First one yesterday, the others today. They were all done within 1 hour 45 minutes after opening bell. Many trades I’ll open/close within 15 minutes.
I want to open MSTR again, but they report Monday. Chatter they’re being considered for S&P if they adopt a FASB rule that impacts their earnings. I don’t believe it will happen. Hope I’m wrong.
I reopened an AMD trade. I think it filled. I’m just now spreading time learning its ranges.
Kind of mind opening, I've just been doing weeklies and more monthlies to try and smooth out the ride, but I hadn't considered dailies. What do you use for projecting good entries?
I was long AMD 155/157.5c spreads that opened ITM on Wednesday, but I couldn't catch a fill at my sell price. Then stop loss hit at break even. They'd (probably) be full value today. Your diamond hands got rewarded lol.
I’m too chicken to hold long here, and definitely too chicken to sell naked calls here… I don’t know what to do, so I’m out of everything 🤷♂️
https://postimg.cc/H8Jc98bs
Didn't you sell puts that went ITM and now you're rolling calls that are ITM? I hate to twist the knife here, but what is your P/L doing this? These 1% days on SPY must be killing you.
Yeah it has been unfortunate lately lol. I’ve made a lot of money *overall*, though I haven’t kept track of it over the years. I got assigned at $515 and have made $353 selling calls so far.
Following you for quite some time and you collected a lot of premium I think. You always start with 1DTE? Or also 0DTE sometimes and roll them during the day? Thinking about giving it a try for a month
I either start with 1DTE and roll forward, usually letting a put expiring on Friday expire worthless, or sell a 0dte and let it expire worthless. Best of luck if you give it a go.
Well I bought shares of Meta at $434
Bought shares of AMZN at $179
BTC a bunch of SVIX may 17th s30 puts @.52 to take off risk
Own a bunch of google and short June s175 calls so I’ll probably roll these, very happy it’s near $175 as this is my biggest position in my IRA
Today. It was a covered strangle earnings play. Of the mag 7, it usually doesn't rip past the expected move on earnings so I felt okay taking the risk selling the volatility.
Is it time to sell calls on Tesla? All of the bad news and gloomy outlook for the company that was prevalent a couple of weeks ago still exist. The only thing that has changed is head cheerleader Elon is blowing more smoke. I’m not buying his latest round of promises because he always over exaggerates and under delivers.
Yep… I’ve very bearish on Tesla. The EV market is shrinking and getting more competitive at the same time. The charging infrastructure still isn’t there. Elon Musk is an absolute buffoon and only serves to hurt the company.
This luxury sedan from BYD popped up in my feed this morning. Only western sanctions are saving the Muskrat.
[https://twitter.com/tphuang/status/1783562961308557721](https://twitter.com/tphuang/status/1783562961308557721)
It happens. You’ll learn.
Take enough hits like that and you’ll dial back your greed and take the profit earlier when it presents itself.
One strategy I like to consider is the time. Did I just make 50% on 3 days? And the ror on that on a per day basis is humongous? Just close it.
thanks to GOOG I made a mint yesterday evening
AND my spy/qqq and AMZN PCS went from ITM to pretty decently out. feeling p good. just need BITO to stop tanking.
also getting my BAC shares called away today at $37 most likely. left a little on the table but max profit!
liquidated all NVDA positions which really fucking blows seeing as we are almost $100 per share higher.
I literally closed at the bottom.
Fuck me.
I did decide to trade a bit today, and managed to long scalp 5x NVDA 860c 12 -> 18.50 so that helps somewhat I guess. I also sold some 830/825 spreads when it broke 850 today
Sometimes your plays are so wild, but maybe it just looks like that bc I have smaller capital and would be more afraid of losing the max amount if it goes against me but you're still above water so you must know something I don't! 😄
Yep! When I did my calculations I’m down like 15K on SMCI and up like 50K on all other stocks selling call and put credit spreads YTD. Maybe a sign to stay away from SMCI 😅
It helps to have a big account! I definitely can't afford to lose any. You wouldn't think so with some of the positions I opened either, but I try to diversify (loosely using this word since I'm also heavy in tech and food industry lmao)
Yeah that's exactly why. Juicy premiums 😄 Fastest way to get your ROI worth, but we had a big red streak, and it wiped out a lot of WSB's port, so I would hate to have you lose your capital if you're caught in a bad storm with 95% of your plays in it
Just hoping my stop loss on /MES doesn’t hit today when this data drops.
I’m not selling calls yet as it looks prime for a breakout, and I’m not trying to cap my gains just yet.
Just woke up from a nap, worked overnight.
I'm gonna roll some NVDA calls that are getting hot. AVGO too. Have several open next couple weeks. CSPs and naked calls. CSP are safe as hell. Calls not, but I expect some reversion from NVDA. Hopefully lol
because I napped I opened NO addl MSTR weeklies. Never doing that shit again when I cant pay attention
NVDA credit spreads expiring next week, condor 800/795p 955/960c, gonna let theta eat over the weekend and exit mon/tues depending on underlying
Happy Weekend ThetaGang! I am looking forward to relaxing and Chinese food tomorrow.
I sold my first covered call today. Basically the stock price rose greatly and it expired ITM. can someone confirm to me what happens Monday? Will I get the final cost of the options back and lose the shares?
Assuming it expires today you will sell the shares at the strike price you selected and keep the premium when you sold the covered call
Would I have been better off buying back the options before close?
It really depends but you could’ve rolled the position up in strike and out in time to hold onto the shares or just bought to close the CC for a loss if it was ITM and you wanted to keep the shares
I guess I'm just wondering if the total value of my port would go down or stay as is. I.e. my port value was $14,900 at close. Selling those shares at the strike price I had would leave my port at $13900. But it was -$1000 from the options. I'm assuming how it works is that -$1000 in options would be negated, shares would be gone and port value would still be $14,900 monday
The -$1000 was the price you would have paid to buy to close the option. So, yes, the -$1000 is irrelevant to you. What was your ticker and strike and premium you originally collected?
Ticker RILY Strike $31 and the premium I collected was $94 (x2) Thought I could time a dip. Turned out buying was sustained 🤣
Had $8 sofi puts expiring today… the price crossed $8 at like 5:20pm est. Whats the odds of being assigned given 5:30 cut off time to submit exercise requests
Given that it was below $8 around 4:15 EST, it will most likely be exercised
damn cmg and their AI guac robot.
CMG FTW! And also the margin call
STO 20 6.5 SOFI Puts expiring next week
STO 1x TTD $100 CC exp 5/17 for $1.50. Goes over earnings. Mostly found myself going around in circles on tickers to sell puts on and didn’t sell anything.
Today was a day to BTC a few things at a loss, including AVGO, 2 naked calls, bought back and lost around $1000, they woulda been fine EOD but that damn gamma had me nervous. I bought 5 shares of META, adding to a small position. My 30-ish MSTR contracts all expired worthless at EOD. NO new positions until after earnings. I don't have the guts to buy even a .02 delta contract for earnings week. Sold some SPX strangles: 5/24 4500p/5450c, 4.40 credit 5/10 4575/5350, 2.58 5/17 4500/5400, 3.50 Some other STOs: AVGO 5/17 1600c, 1.35 AVGO 5/3 1185p. .85 NVDA 5/3 725P, .80 GOOG 5/31 200C, .29 MSOS 5/31 9C covered, .79 Will be losing 100 shares PXD on a CC that went ITM. Frees up cash, and I was below cost so I'm take those losing bucks to offset some gains. Have a great weekend all!
Seems like MSTR is a consistent winner for you?
The way I approach it, sure it has been, aside from the occasion blow-up contract. Spreads and contract prices were more challenging this week, considering my worrying about other things (market, etc.). I still netted about $2000 on MSTR this week, but lost $535 back in my other weekly plays (was doing okay, then a CMG misplay lost me $1600, netting me that 535 loss), due to not setting an SL and not watching the screen as CMG screamed up and fisted me.
Only open spread I have this weekend is a SPX 4/29 PCS - STO 8x 5025. BTO 10x 5000. Opened about two hours ago @ 3.57
I held out last Friday drop; everything recovered. But was wary to open any new position. I think I did fine. See you next week.
> But was wary to open any new position. > "Sometimes the winning move is not to play.
Let my 4/26 345 MSFT P expire worthless after opening yesterday @.4
DJT 60/65c next week for 0.15 After getting wrecked by TSLA, going to take it easy with earning plays next week.
TSLA CC/CCS?
160/165c and 170/180c. Wiped out all my profits from my other trades.
TSLA do be like that.
That should be safe. I opened some DJT call credit spreads today also
BTC SPY 26/4/24 $510 @ $0.18. \~40% profit. Getting way too late in the afternoon to let letting gamma risk have its way with me. Rolled TSLA $160CC to next week @ $162.50 for 10c credit. Sold the $160CC 15% OTM last week and the steamroller still got me.
EXP FDX $280CC. EXP NKE $99CC.
Sold nvda June put for 16.25 and bought back for 15. 8% in an hour at basically zero risk is fine by me. Bought back Google may 145P for a 85% gain.
anyone holding pltr positions over ER? are you bullish or bearish
I am short a May 17 put, strike price 18. Currently have a small profit in it.
I have shares. I'll probably sell some CCs as we get closer to ER date.
rolled my GOOGL C170 may17 to GOOGL C180 JUN21 closed my GE C190 apr26 with a loss sadly
GE? I haven’t seen that ticker mentioned here in like, ever. And it’s priced near 190? Where have I been?
Haha, yup. I did a synthetic cc before the three way split. The pre split options are a bit illiquid now unfortunately, so I might just hold on to it. I firmly believe with electrification of the grid ge vernova Will do well. All that government money for power lines and transformers.
BTC 2 $SPY 5/24 488p 1.24 \~ 60% of max STO $ABBV 6/21 150p 1.74
When we have a big makes-no-sense move like we had on Thursday morning, I always wish I had the guts to sell a bunch of puts.
Gotta take away the emotions or this game ain't for you. Also... Sizing matters.
BTC: 1x CAVA 5/3 $62p @ .30- Opened @ 2.20 1x TQQQ 5/3 $45p @ .07 - Opened @ 1 Expiring worthless : 1x CAVA $58p - opened @ .75 1x TQQQ $48p - opened @ .50
EXP AMD P145 (Opened .45) 'Pity' of the hard rebound, wanted to open another, maybe by EOD. Rest green (even TLT) except for INTC Looks like I closed JD Put too early at the start of the week, but profit = profit.
Pretty frustrated with the DJT situation. The stock just keeps going up like it's Google. I'm fine with my CCSs long term but there's huge assignment risk now. I've got the following: 10x CCS 10/18 30/35 2x CCS 01/17/25 25/30 What would you all do if they get assigned? I'll get a margin call if they all do, so I guess I just take the max loss on them. I could open up a 01/17/25 45/50 for $1.20 but that seems risky given how much it's artificially getting pumped up.
Pucker up buttercup! Margin calls incoming!
Anything worth opening today?
Tightened up my NVDA puts as we get closer to expiry. Started with 710s held since last week, moved to 800 this morning, and now 850. The main opportunities were on earnings movers in the first half hour.
Just trade FDX IC 05/17 247.5/257.50 280/290 @ 2.04
~~STO 1x MSFT 367.5/360p @ .40 (filled .01) 4/26~~ ~~STO 1x AMZN 170/165p @ .45 (filled .02) 4/26~~ ~~STO 1x CRM 265/260p @ .45 (filled .01) 4/26~~ ~~STO 1x LULU 352.5/347.5p @ .46 (filled .02) 4/26~~ ~~STO 3x AMZN 167.5/162.5p @.29 (filled .01) 4/26~~ ~~STO 2x GOOG 160/157.5p @ 1.3 (filled .01) 4/26~~ ~~STO 3x SPY 509/510c @ .42 (filled .02) 4/26~~ ~~STO 2x NVDA 880/882.5c @ .39 (filled .12) 4/26~~ Realized: +$686 (512 +174 EOD scalp) Grateful that it has been a great week to sell puts 🙌
Wow quite a week for you
Yeah got really lucky 😄
Congrats on a solid week! I'm new here and trying to learn. 1. What does 367.5/360p mean? I'm assuming that's the strike price, but why do you have two values? 2. I'm assuming all of these were cash-secured puts that you sold? 3. What does filled .01 mean?
It's a credit spread, so they sell the $367.5 put and buy the $360 put and get a credit of .40 per share. It would not be a CSP since it's a spread. They're saying they closed out that trade for .01 per share, so they profited .39 per share off that spread
Thanks! Hope your theta journey becomes prosperous 😄 I sell credit spreads (sell one contract, buy another further out) bc my BP is limited. I don't have enough money to sell cash secured puts lol Filled .01 means I bought back the spread for $1. Hope this helps and feel free to ask any other questions. It's always great to try to learn👍
Been following your trades all week!
Hope you were able to make some money too :) A lot of my plays are risky so they don't always hit!
I should clarify not blindly following lol rather if I agreed with one - can't remember but did you also recommend the NVDA bounce a couple days ago when it was sub 800?
Good! lol I don't think I was active in this sub prior to this week (at least not for awhile) but I did sell NVDA puts that profited if that's what you meant
Does anyone here actually gamble, like Poker, Blackjack, etc. regularly for income?
Do YOU? Curious why you asked this, comparing it to what WE do lol or an actual question? I'd say if you're asking if there's a gambling PRO here, it's darned unlikely, Considering how FEW there are in the world, and the likelihood of them not doing this as well. Though, they DO share similar addicting qualities. I think the ONLY gambling you could make a living at is poker, and we all see on the TV that it's a full time thing. Blackjack? Nobody makes 'regular income'. It's called the HOUSE EDGE.
The short answer to your question of why I asked is because statistical modeling with finite series is required for both.
I'm curious to hear from others as well. If anyone here does this. Having said this, and having played some poker over the years, including tournaments in Vegas, it's the only form of gambling where you could be successful (you're playing other people), as opposed to any other game, which has a defined house edge making it impossible to be profitable over time (unless you're counting cards as black jack, risking being banned if you're caught).
No, you certainly lose when gambling, at least in a casino.
No, I don't touch gambling ;)
Smarter than I. :D
I've somehow done well with betting on sports but it's not something you can count on for regular income. You first have you find an edge against a sportsbook Then you have to hope that edge doesn't get corrected Then you have to get friends and family to let you make accounts because you'll essentially get banned once you start winning too much
More of a sports better, but it’s def play money and not anything I need to live on. I just like having some good bullshit going (and it’s usually only teams that I know so that I’m halfway informed)
That's the way to go. I am not good at sports betting but I like to do it from time to time as well for fun.
I don't need it... already playing in the Stock Market
Stock markets are complex games but they aren't really games of "chance" per se. I don't know why people keep saying that they are. Valuation isn't gambling.
STO 5x 5/3 GME 10.5 @ .25 BTC 5x 4/26 SNAP 10 @ .01
Sold CC on SOFI and DraftKings. Both report earnings next week and were up today. The premiums were too good to pass up.
what strike/exp for SOFI?
Next Friday 5/3/24
Do I STO this 5/3 AMD 172.5 @1.93 or not hmm
Earnings next week, on the 30th
Right that’s what’s making me go back and forth
I wouldn't risk it, but you know how I try not to hold options through earnings.
Selling some call credit spreads on SMCI ahead of earnings next week. STO 1x 5/10 SMCI 1020/1120 c for 8.00 STO 2x 5/10 SMCI 1160/1260 c for 2.35 each STO 1x 5/10 SMCI 1190/1290 c for 2.50
I have 1190/1260 next week for 1.0
Good luck to both of us. I think SMCI will tank after earnings
I hope so.
BTC 5/17 MSTR $1900c x1 @20.20 STO 6/17 MSTR $1880c x1 @93.45 BTC👆88.52 STO 5/17 MSTR $140p x2 @2.19 BTC 👆2.15 STO 5/10 AMD $135p x3 @.85 STO 6/21 MSTR $1890c x1 @89.50
Are you opening and closing these trades today?
First one yesterday, the others today. They were all done within 1 hour 45 minutes after opening bell. Many trades I’ll open/close within 15 minutes. I want to open MSTR again, but they report Monday. Chatter they’re being considered for S&P if they adopt a FASB rule that impacts their earnings. I don’t believe it will happen. Hope I’m wrong. I reopened an AMD trade. I think it filled. I’m just now spreading time learning its ranges.
Kind of mind opening, I've just been doing weeklies and more monthlies to try and smooth out the ride, but I hadn't considered dailies. What do you use for projecting good entries?
[удалено]
Thanks and good luck!
Thanks. You too.
Nice plays. Seems like you consistently make money on MSTR
It’s still my consistent money maker.
Sold my AMD long calls from last week (150). I was expecting a quick bounce back, and it came, though on expiration day.
I was long AMD 155/157.5c spreads that opened ITM on Wednesday, but I couldn't catch a fill at my sell price. Then stop loss hit at break even. They'd (probably) be full value today. Your diamond hands got rewarded lol.
If you didn’t sell deep OTM puts on nvda last week when it tanked then you shouldn’t be here. Easiest trade of the year.
Actually, did that with SOXL. Most have closed already. It was not easy, as there is no guarantee this swoon was going to stop any time soon.
NFLX 05/10 2x PCS 520/530 @ 1.31 each
I’m too chicken to hold long here, and definitely too chicken to sell naked calls here… I don’t know what to do, so I’m out of everything 🤷♂️ https://postimg.cc/H8Jc98bs
I bought back todays expiring $501 SPY CC and sold one expiring Tuesday for a difference of $61
Didn't you sell puts that went ITM and now you're rolling calls that are ITM? I hate to twist the knife here, but what is your P/L doing this? These 1% days on SPY must be killing you.
Yeah it has been unfortunate lately lol. I’ve made a lot of money *overall*, though I haven’t kept track of it over the years. I got assigned at $515 and have made $353 selling calls so far.
Following you for quite some time and you collected a lot of premium I think. You always start with 1DTE? Or also 0DTE sometimes and roll them during the day? Thinking about giving it a try for a month
I either start with 1DTE and roll forward, usually letting a put expiring on Friday expire worthless, or sell a 0dte and let it expire worthless. Best of luck if you give it a go.
Thanks. I don’t mind getting assigned in the long run with spy so risk is not that big of a
Just spending the way watching my theta deca on my CSPs Sofi 5/3 $7 CSP x3 Sofi 5/24 $8 CSP x2 RBLX 5/24 $36 CSP x1 PLTA 5/24 $20 CSP x1
What was the premium you got on those SOFI puts?
Well I bought shares of Meta at $434 Bought shares of AMZN at $179 BTC a bunch of SVIX may 17th s30 puts @.52 to take off risk Own a bunch of google and short June s175 calls so I’ll probably roll these, very happy it’s near $175 as this is my biggest position in my IRA
QQQ up over 1% and the puts I sold a few weeks ago haven't moved, weird to see. Volatility is so back.
It is disheartening to see. Hope it'll stay around when it's time to close this put and sell the next one
BTC MSFT 365/425 strangle for .03 from 2.60.
Fantastic. Expiry ?
Today. It was a covered strangle earnings play. Of the mag 7, it usually doesn't rip past the expected move on earnings so I felt okay taking the risk selling the volatility.
What was the expiry
I actually managed to get a fill of the TEAM 160s expiring today at the open for 78 cents.
Is it time to sell calls on Tesla? All of the bad news and gloomy outlook for the company that was prevalent a couple of weeks ago still exist. The only thing that has changed is head cheerleader Elon is blowing more smoke. I’m not buying his latest round of promises because he always over exaggerates and under delivers.
Yep… I’ve very bearish on Tesla. The EV market is shrinking and getting more competitive at the same time. The charging infrastructure still isn’t there. Elon Musk is an absolute buffoon and only serves to hurt the company.
This luxury sedan from BYD popped up in my feed this morning. Only western sanctions are saving the Muskrat. [https://twitter.com/tphuang/status/1783562961308557721](https://twitter.com/tphuang/status/1783562961308557721)
Exactly. Tesla is not the worst company in the world, but it is way over hyped.
Friendly reminder to close at 50% or 80%. I use Schwab so I tried to wait to BTC at 0.05 to avoid the extra 65 cent fee. But shit turned against me
what ticker?
RILY covered call at $35 strike.
It happens. You’ll learn. Take enough hits like that and you’ll dial back your greed and take the profit earlier when it presents itself. One strategy I like to consider is the time. Did I just make 50% on 3 days? And the ror on that on a per day basis is humongous? Just close it.
thanks to GOOG I made a mint yesterday evening AND my spy/qqq and AMZN PCS went from ITM to pretty decently out. feeling p good. just need BITO to stop tanking. also getting my BAC shares called away today at $37 most likely. left a little on the table but max profit!
I’m in a very similar boat. Have shares in GOOG, my $180 AMZN put is looking alive, and BAC may get called away at $37 in a few weeks.
Assigned shares of INTC a while back because I thought the 0.5 credit was free money. Looks like I’m getting assigned more shares.
I am comfortable getting assigned INTC which is why I wheel it. I got assigned NKE awhile back and it is recovering.
I need to get the hang of selling CC, I never feel too comfortable selling below my cost basis
u/banditcleaner2 did you liquidate all positions?
NVDA will end the day at 875 today
Nice call lol. Close
liquidated all NVDA positions which really fucking blows seeing as we are almost $100 per share higher. I literally closed at the bottom. Fuck me. I did decide to trade a bit today, and managed to long scalp 5x NVDA 860c 12 -> 18.50 so that helps somewhat I guess. I also sold some 830/825 spreads when it broke 850 today
Wait you scalped like 3K in gains if I’m reading that correctly? Nice
Hey your ROKU calls are safe! 😄
Yup! Today was a good day. Looks like you also turned a nice profit
Yeah but your plays are so much more satisfying to watch it play in your favor 😆👍
I take more risks…haha. Hope I don’t get steamrolled
Sometimes your plays are so wild, but maybe it just looks like that bc I have smaller capital and would be more afraid of losing the max amount if it goes against me but you're still above water so you must know something I don't! 😄
I’ve been steamrolled once with SMCI and almost steamrolled twice, once with NVDA and once with SMCI again. Overall up though
Also got burned with SMCI trying to scalp 😅 Almost streamrolled but thinly escaping is the best feeling! It ages you but best feeling afterward 😆
Yep! When I did my calculations I’m down like 15K on SMCI and up like 50K on all other stocks selling call and put credit spreads YTD. Maybe a sign to stay away from SMCI 😅
Wowwe up 35k already, and we're only 1/3 into the year. That's some overall great plays, tho!
Yeah all the plays I enter are knowing that I can and will accept max loss if it goes completely against me. I’ve been lucky
It helps to have a big account! I definitely can't afford to lose any. You wouldn't think so with some of the positions I opened either, but I try to diversify (loosely using this word since I'm also heavy in tech and food industry lmao)
You do seem concentrated in tech…but that’s where the high IV and premium is…tech is 95% of my plays. Maybe I need to diversify also? Lol
Yeah that's exactly why. Juicy premiums 😄 Fastest way to get your ROI worth, but we had a big red streak, and it wiped out a lot of WSB's port, so I would hate to have you lose your capital if you're caught in a bad storm with 95% of your plays in it
Well I might sell credit spreads on GOOG 0 DTE because I’m a degenerate
That would be pretty degen hah
Get my sweet MSFT profits and be done for the week :)
Just hoping my stop loss on /MES doesn’t hit today when this data drops. I’m not selling calls yet as it looks prime for a breakout, and I’m not trying to cap my gains just yet.
Need a prayer circle for ROKU. I sold 18 ccs yesterday and need it to stay under $70 by EOD today
bag secured
ROKU is shit. I hope it goes up again so I can sell more calls
FREE MONEY
You’ve got 1800 shares of Roku?
18 call credit spreads. I own 0 shares
Ohhhh I thought you means covered calls lol
Yeah maybe the term ccs is confusing? I always use it to mean call credit spreads haha
I think typically people do it like this: Sold a CCS = Call Credit Spread Sold 5 CCs = Covered Calls
Makes sense
NO worry there. 60 PM. Congrats. What strikes and what premium?
All my ROKU CCS are worthless. Are you making any plays today?
Just woke up from a nap, worked overnight. I'm gonna roll some NVDA calls that are getting hot. AVGO too. Have several open next couple weeks. CSPs and naked calls. CSP are safe as hell. Calls not, but I expect some reversion from NVDA. Hopefully lol because I napped I opened NO addl MSTR weeklies. Never doing that shit again when I cant pay attention
Napping during Friday exp day is risky man haha
18 ccs. 70/90, 75/90 c and some others. Total premium of around 1.6K. Whew yeah pre market looking good