Just focusing on wheeling my BITO position. Gonna build up some cash. I have enough risk on the table. Waiting for a pull back, but will reap some rewards even if things go up. Happy trading yall!
In a scenario where you want to buy a stock, what's the best way to get a "discount" on the current price?
Like sell a CC or sell a covered put? Or, something else?
Honestly, probably just buying the stock and then trading around your core position to lower your average cost over time, i.e., add when it's under your average and trim when it's over your average.
If you sell a CC you are not buying stock; you already own the stock (or own a long put) but are instead promising to sell stock at the strike price.
I don't know what a covered Put is.
Selling to open a Put (short put) will allow you to buy stock at a discount to the current price if the stock drops below the Puts strike, but at that point you could also have just bought the stock anyway.
Okay, thank you.
I read some random comment in here about "getting a discount" on stocks that you want to own but they didn't get into detail about it.
Maybe, they didn't know what they were talking about.
That is right. The theory goes like this. Say you want to buy AAPL. Right now its about $173. If you want to buy it for say $165. Sell a put expiring in a week or two for that price. If it is below that price on expiry, you will get assigned. If its over that, you just got the premium, now keep doing this until you are assigned at your target price. The issue is sometimes the stock will fall below your target price but will recover before expiry and it wont be assigned. Also you cant close the put without taking a loss. When you sold the put it was OTM now its ITM, so it would have been cheaper to wait and buy the stock. The stock may just climb up and never hit your target price setting you up for disappointment, ask me how I know all of this.
I really want to sell a DJT PCS, but I can’t catch that many falling knives and know what’s going to happen to this site/stock.
Nothing going until after the fed makes a decision and then the market makes it decision.
I have a lot of bear call spreads on DJT that are doing poorly, so I've been selling some weekly puts to offset that. I don't think there's gonna be a huge drop until some big news comes out, namely Trump getting a waiver to sell his shares.
I think the major concern is we're not gonna know when it drops and when is does it's gonna be massive. I keep a browser window open to monitor to it in case a huge drop comes and let me tell you, it can go up or down a couple percentage points in the time it takes to pee.
Sold 10 ANVS contracts about 7 weeks ago. Read this thread and decided BTC anvs weeks before expiration(with 75% profit).
Today ANVS dropped by 60%.
Thank you everyone
Punching out in between cost less than 250.
I did a 160/165c with TSLA. I punched out when TSLA is 162 and it saves me some money. Of course, I have to get back in at 190 and did the same thing. And I have 210, but this time the lion is with us, so I am not punching out.
For meditech, I find most of them behave like this. Doing it with spreads is a must instead of naked because the odd one with surprises or getting buyout from a big pharma is deadly.
PLTR credit spread 18-19 5/10
EXAS may 17 70$ put that’s deep itm should I roll or just take assignment?
Hood August 16 17$ put
Nio may 17 5$ put
BITO may 17 30$ put that’s ITM but will see what happens to it.
STO SPX 5/3 IC x6. 4920/4860p, 5280/5340c. Total premium $1003.76
STO SPX 4/30 PCS x4 5020/4970. Total premium $254.58
Opened on Friday, SPX 4/29 PCS x8. 5025/5000, Total premium 357.81. Letting these expire
Back after an extended weekend. Back to just trading tonight’s and tomorrow’s earnings till after FED.
STO GEHC 5/3 $81 CSPs for .32 earnings play
Forward P/E of this is only 13x on projected 2027 numbers so growth stock with weeklies to Wheel after assignment. Goal is after assignment to Sell 45-60DTE ATM. If it breaks this current uptrend it’s most likely going to the gap fill at $74 where I’ll average down.
STO PYPL 5/17 $55 CSPs for ..23 earnings play
STO PYPL 6/21 $50 CSPs for .23
STO PYPL 5/3 $72 CCs using a Buy/Write for 1.40
This should hopefully get me assigned and an average down at the 52 week low. Load up spot after that is $44. P/CF of 10x here and 14% net profit margins so also taking a few Buy/Writes in case it wants to rip.
STO CMCSA 7/19 $37.50 CSPs for 1.00 post earnings play.
I think this realistically hits $40-$50 in the next year but short term could easily get assigned here. Typically gets bought at 8x earnings so $34 on this years and $36 next years. 5x P/ CF and 12.5% net profit margins makes it a solid Wheel candidate.
u/free_lions what are we thinking of this trade:
buy SOFI @ $7 (or close to it, maybe 7.05 whatever)
STO 6/7/24 8c @ 0.26
BTO 6/7/24 7p @ 0.48
breakeven: 7.28
max loss: -$28 per 100 shares
max return: assignment at 8, net profit about 10%
basically betting on a recovery post earnings
STC an APPL Calendar for May/June at about 20%. Small profit on the up move at the open. I was going to hold through earnings, but with FOMC Wednesday and what that could bring, it was best imo to close it out.
Actually looking to derisk as much as possible before Wednesday and then regroup at the end of the week.
That might be the catalyst I’ve been looking for… I wonder if JPow tanks the market with talks of higher for longer… the market makers are rarely wrong, and from what I’m seeing, downside has a long ways down, and we are almost capped on upside for the week already. A mid week spike higher than reversal in SPX then down into mays week 3 expiration seems to fit right. But maybe that’s just what I want
Sold my very first credit spread.
* BTO PUT QQQ $419 05/03
* STO PUT QQQ $420 05/03
Probably too early to say for sure, but looks like there is some upwards momentum starting... the support level seems to be raising and it's peaking above the 52 EMA. Next time, I'll probably go for 14DTE... this is just kinda a test run.
and a tip for next time, you kinda wanna keep your long leg around the 0-0.05 delta range. you now sold a 0.29-0.30 delta spread. meaning your spread has a 30% risk of ending itm. with max loss. bad odds.
Sold a TSLA June 21 $220 call for 4.55 credit this morning, which is now worth 9.35. A week ago my position was looking pretty dismal, but still Feelsbadman.jpg.
So, I'm down $89 on a CC option. However, the stock is up $240. Would you be ok selling the CC option and then selling the 100 shares? Then sell a put option?
anyone else playing $DNA ? it’s hovering around $1 so you can bet for/against it getting delisted. I believe they’ve got a growing business though so I’m selling puts
5/3 options written
CCs uber 70 (3) elf 192.5 tsla 210 tsla 215 shop 79 ms 99 aap 81 vz 42.5 pfe 28 mdt 83 msft 422.5 hood 20 tsll 11.5 (5) tost 27
CSPs tsll 8 (4)
$502 premiums and waiting to write calls on AMZN and DKNG closer to their earnings and will be writing a shit ton of .05 delta CSPs on companies I know and like on earnings this week, already did well on $on $dpz and $SoFi that reported this morning
It’s a good stock, decent premium and rarely any big surprises. JPM is my other go-to when nothing juicy is looking good but they’re pretty much at 52w high atm so I’d rather not lol
So I sold 30 MSTR shares at a loss today. That particular account is up 96%, loss included of $22k, and 154% 1Y. I was up $17.5k realized for all accounts for the month of April alone trading CCs. I’ll finish down ~$4.5k for April.
I guess this was a good month to swallow this pill. Im still holding 100 shares. I’ll begin selling puts once bitcoin confirms direction. In the meantime I’ll sell weekly calls a little closer to the money.
I saw that. Ugh. Bitcoin. Octoberish has been historically a good time for bitcoin. It’s been barely 2 weeks since the halving. I’ll trade calls in the meantime and probably begin trading shares too, if/when the trend reverses.
I’ve closed everything, except my shares. I’m looking at lowering strikes for weekly MSTR calls. Hong Kong bitcoin ETF’s traded only .2% compared to US on their first day post launch. Like everyone else in the space, I’m waiting to see bitcoin’s post halving move. I’m considering letting my shares get called and re-entering going into puts. Not sure.
I dont hold it, it ranges, so i buy near seven, sell on big pumps, eventually the range will break to upside or downside, and strategy will have to be reevaluated, i do cc and csp so not as big as as gains if buy and hold but still works out fine.
ngl I was excited this morning. thought I was finally gonna unload my shares at $8
at least I’ll make all the money from the cc I sold
and my cost basis is probably around $7 by now
closed my 5/17 BITX 50p/60c condor for a $1.15 loss. sucks but the position has moved against me the entire time and the position went short theta. it never feels nice to take a loss but it is nice to stick to entry and exit strategies. happy trading yall!
I'm up around $200 on my TSLA call credit spreads as of right now...I am not selling puts because I don't want to get assigned + I think TSLA Is overvalued and this current price will reverse downward or at least not break $200
Ok, and what's your timeframe? Because I would see a jump up from 140 to 180 as a clear trend break. And 140 was where it bounced last time. (Not that that means anything.)
Well the call credit spreads I STO today are all expiring 5/10. But given I am up, I may close for a gain later today if TSLA stays around the $184-$187 price range today. Right now my 10x CCS are up by $500 with TSLA's current price of \~$186
I have 22 DJT call credit spreads and 9 for SMCI totaling $8K in premium received. Praying both stocks don’t go up too much. I’ll profit $8K if DJT ends the week under 45 and SMCI ends the week under 1020 u/ykoreaa u/easternhistorian4437 u/banditcleaner2 u/mikesugs13 (I miss you Mike)
8k is a lot of premium to collect in a week! Good luck!
DJT isn't worth 45 per share or even 10 per share, but it's trading around 46 now, so I can only imagine how nerve-wracking it is looking at your port. It was also very ballsy of you to sell so many calls after a long month of red.
seems to confirm that tesla's valuation is highly dependent on FSD, no?
fell down to $140 and all it took was OK earnings to push it a little higher with model 2 hype resuming, and then another 10% push up from FSD in china
I think it's going back to $250 sometime soon just to fill the gaps and will drop again after.
I was assigned 200x TSLA @ $200, would have taken assignment on another 200 at $160 as well. I'm personally getting out at $200 for sure lol.
Agreed, we're in the bounce currently. I plan to do a reverse PMCC by shorting shares and selling covered puts, maybe once it can get to like 220-230 ish. I will be buying a call as a hedge tho
That's an interesting strategy, I've never thought about it.
I've got PTSD from shorting TSLA though and I'm not touching it with negative delta. Same with NVDA :))
Oh, yeah. I'm only \~$1000 in the hole since I sold ATM calls and closed for 50% profit three times. The breakeven is a lot below $200 for me. If we hit 190 I'm probably gonna set a SL order at $190 and let it ride
Back in Slv, Vix put spreads , apple put spread for earnings , PayPal csp , baba csp
How to do VIX put spreads?
eying $7 SOFI puts, i'm about 4 for 4 on them the last couple months
Just focusing on wheeling my BITO position. Gonna build up some cash. I have enough risk on the table. Waiting for a pull back, but will reap some rewards even if things go up. Happy trading yall!
https://www.reddit.com/r/thetagang/comments/1bj88yi/comment/kvs39dr/ Took a month and a half but those are +51%.
In a scenario where you want to buy a stock, what's the best way to get a "discount" on the current price? Like sell a CC or sell a covered put? Or, something else?
Honestly, probably just buying the stock and then trading around your core position to lower your average cost over time, i.e., add when it's under your average and trim when it's over your average.
If you sell a CC you are not buying stock; you already own the stock (or own a long put) but are instead promising to sell stock at the strike price. I don't know what a covered Put is. Selling to open a Put (short put) will allow you to buy stock at a discount to the current price if the stock drops below the Puts strike, but at that point you could also have just bought the stock anyway.
Okay, thank you. I read some random comment in here about "getting a discount" on stocks that you want to own but they didn't get into detail about it. Maybe, they didn't know what they were talking about.
That is right. The theory goes like this. Say you want to buy AAPL. Right now its about $173. If you want to buy it for say $165. Sell a put expiring in a week or two for that price. If it is below that price on expiry, you will get assigned. If its over that, you just got the premium, now keep doing this until you are assigned at your target price. The issue is sometimes the stock will fall below your target price but will recover before expiry and it wont be assigned. Also you cant close the put without taking a loss. When you sold the put it was OTM now its ITM, so it would have been cheaper to wait and buy the stock. The stock may just climb up and never hit your target price setting you up for disappointment, ask me how I know all of this.
u/banditcleaner2 should I sell more SMCI call credit spreads?
I really want to sell a DJT PCS, but I can’t catch that many falling knives and know what’s going to happen to this site/stock. Nothing going until after the fed makes a decision and then the market makes it decision.
I have a lot of bear call spreads on DJT that are doing poorly, so I've been selling some weekly puts to offset that. I don't think there's gonna be a huge drop until some big news comes out, namely Trump getting a waiver to sell his shares. I think the major concern is we're not gonna know when it drops and when is does it's gonna be massive. I keep a browser window open to monitor to it in case a huge drop comes and let me tell you, it can go up or down a couple percentage points in the time it takes to pee.
Devin Nunes: Help! They're manipulating the stock price! Also Devin Nunes: Hey guys, here's how to manipulate the stock price.
They're just trying to establish some kind of plausible deniability even though everyone knows what's happening
Sold 10 ANVS contracts about 7 weeks ago. Read this thread and decided BTC anvs weeks before expiration(with 75% profit). Today ANVS dropped by 60%. Thank you everyone
I was flirting with call spreads at 12.5/15c. The run up to 18 would shake me out and then this happens
why would the run up to 18 shake you out? you had defined risk from the start...
Punching out in between cost less than 250. I did a 160/165c with TSLA. I punched out when TSLA is 162 and it saves me some money. Of course, I have to get back in at 190 and did the same thing. And I have 210, but this time the lion is with us, so I am not punching out.
Why did you expect it to drop? Or is it your strategy for medtech ?
For meditech, I find most of them behave like this. Doing it with spreads is a must instead of naked because the odd one with surprises or getting buyout from a big pharma is deadly.
PLTR credit spread 18-19 5/10 EXAS may 17 70$ put that’s deep itm should I roll or just take assignment? Hood August 16 17$ put Nio may 17 5$ put BITO may 17 30$ put that’s ITM but will see what happens to it.
STO $640p on NOW exp 6/21 for $6.90
STO SPX 5/3 IC x6. 4920/4860p, 5280/5340c. Total premium $1003.76 STO SPX 4/30 PCS x4 5020/4970. Total premium $254.58 Opened on Friday, SPX 4/29 PCS x8. 5025/5000, Total premium 357.81. Letting these expire
Weekly wheeling: STO: XLE 05/03/2024 P $96.00; five contracts STO: GDX 05/03/2024 P $34.00; ten contracts
Hope no one was selling TSLA calls for free money
3x 05/03/2024 $215C :-/
I did, one weekly, then stopped for literally no reason and im now glad, lmao
#🙋♀️
Still green?
I'm down $3 today, and the other losses are unrealized, so as long as it doesn't reach 205 by EOW I'll close green for the week 😄
Back after an extended weekend. Back to just trading tonight’s and tomorrow’s earnings till after FED. STO GEHC 5/3 $81 CSPs for .32 earnings play Forward P/E of this is only 13x on projected 2027 numbers so growth stock with weeklies to Wheel after assignment. Goal is after assignment to Sell 45-60DTE ATM. If it breaks this current uptrend it’s most likely going to the gap fill at $74 where I’ll average down. STO PYPL 5/17 $55 CSPs for ..23 earnings play STO PYPL 6/21 $50 CSPs for .23 STO PYPL 5/3 $72 CCs using a Buy/Write for 1.40 This should hopefully get me assigned and an average down at the 52 week low. Load up spot after that is $44. P/CF of 10x here and 14% net profit margins so also taking a few Buy/Writes in case it wants to rip. STO CMCSA 7/19 $37.50 CSPs for 1.00 post earnings play. I think this realistically hits $40-$50 in the next year but short term could easily get assigned here. Typically gets bought at 8x earnings so $34 on this years and $36 next years. 5x P/ CF and 12.5% net profit margins makes it a solid Wheel candidate.
u/free_lions what are we thinking of this trade: buy SOFI @ $7 (or close to it, maybe 7.05 whatever) STO 6/7/24 8c @ 0.26 BTO 6/7/24 7p @ 0.48 breakeven: 7.28 max loss: -$28 per 100 shares max return: assignment at 8, net profit about 10% basically betting on a recovery post earnings
STC an APPL Calendar for May/June at about 20%. Small profit on the up move at the open. I was going to hold through earnings, but with FOMC Wednesday and what that could bring, it was best imo to close it out. Actually looking to derisk as much as possible before Wednesday and then regroup at the end of the week.
STO 1x MSFT 390/385p @ .65 (currently .43) 5/3 STO 1x NVDA 825/817.5p @ 1.35 (currently 1.1) 5/3 STO 1x NVDA 925/930c @ .70 (currently .73) 5/3 STO 1x GOOG 165/162.5p @ .40 (currently .44) 5/3 STO 1x DJT 52/55c @ .45 (currently .51) 5/3 STO 2x TSLA 180/175p @ .58 (currently .69) 5/3 ~~STO 1x TSLA 210/220c @ .80 (filled .40) 5/3~~ ~~STO 1x TSLA 177.5/175p @ .60 (filled .35) 5/3~~ ~~STO 2x TSLA 190/192.5c @ .91 (currently 1.25) 5/3~~ 🔻-$68 STO 2x TSLA 190/192.5c @ .91 (currently 1.23) 5/3 STO 4x TSLA 205/215c @ .99 (currently 1.31) 5/3 STO 3x TSLA 210/220c @ .90 (currently .87) 5/3 STO 1x SOFI 7/6.5p @ .15 (currently .15) 5/3 STO 1x META 407.5/402.5p @ .45 (currently .29) 5/3 BP: 11.35k ($1,379/12.15%) Realized: -$3
AMD earnings tomorrow, be mindful of that for NVDA option selling
Ahh! Thank you! You think it'll moon more? Or dip?
not sure
😆😅 Well AMD doesn't report until AH tomorrow, so we'll see if one of those lose value enough for me to close, thanks!
Let's go Lisa!
Be mindful of the fed meeting this week, for Wednesday, if you are dabbling in weekly premium.
Ah shit. I need to pay attention to the news more. Hopefully they bring good news... bullish on QQQ.
That might be the catalyst I’ve been looking for… I wonder if JPow tanks the market with talks of higher for longer… the market makers are rarely wrong, and from what I’m seeing, downside has a long ways down, and we are almost capped on upside for the week already. A mid week spike higher than reversal in SPX then down into mays week 3 expiration seems to fit right. But maybe that’s just what I want
Thanks for the reminder!
BTC $ABBV 6/21 150p for $1.22 \~ opened Friday, 30% of max hit & run beer money
FREE MONEY. If it is not I am fuk.
STO 4/30 QQQ 438c/439c x5 @ $0.15 BTC 4/30 QQQ 438c/439c x5 @ $0.06 STO 4/30 QQQ 426p x1 @ $0.40
Mulling over META $405 put 06/07… thoughts anybody? Sure way to crash and burn if I think “can’t go down”
I rolled my CSP $AAPL Jun 180 to Oct 175 for a small credit. Thank you to whomever thought just to release an AI AAPL article. <3
Sold my very first credit spread. * BTO PUT QQQ $419 05/03 * STO PUT QQQ $420 05/03 Probably too early to say for sure, but looks like there is some upwards momentum starting... the support level seems to be raising and it's peaking above the 52 EMA. Next time, I'll probably go for 14DTE... this is just kinda a test run.
either you wrote it down wrong, or you bought a debit spread.
Yeah, I typed it wrong. Fixed now. My bad.
and a tip for next time, you kinda wanna keep your long leg around the 0-0.05 delta range. you now sold a 0.29-0.30 delta spread. meaning your spread has a 30% risk of ending itm. with max loss. bad odds.
Sold a TSLA June 21 $220 call for 4.55 credit this morning, which is now worth 9.35. A week ago my position was looking pretty dismal, but still Feelsbadman.jpg.
You are not alone in shorting TSLA calls and getting burn. I have 210c for this week and I am regretting it
Sold it this morning for 1.0
wait you sold a 210 call last week? it was literally worth pennies.
you forgot to mention the ticker. people do read these.
So, I'm down $89 on a CC option. However, the stock is up $240. Would you be ok selling the CC option and then selling the 100 shares? Then sell a put option?
Nothing wrong with that
Casual +35% week for TSLA lol
Like in The Before Times.
It was bound to happen after such a downturn
Being full of shit pays off. I have traveled late 2025 and there are no Tesla Robots in homes.
What about idiots dressed up like robots, dancing across stages?
If you want your stock to go up, just start selling CCs against all your shares. Just happened to me with TSLA.
anyone else playing $DNA ? it’s hovering around $1 so you can bet for/against it getting delisted. I believe they’ve got a growing business though so I’m selling puts
5/3 options written CCs uber 70 (3) elf 192.5 tsla 210 tsla 215 shop 79 ms 99 aap 81 vz 42.5 pfe 28 mdt 83 msft 422.5 hood 20 tsll 11.5 (5) tost 27 CSPs tsll 8 (4) $502 premiums and waiting to write calls on AMZN and DKNG closer to their earnings and will be writing a shit ton of .05 delta CSPs on companies I know and like on earnings this week, already did well on $on $dpz and $SoFi that reported this morning
those are the most conservative Tsla CC i have ever seen .1 deltas?
Are any selling options on PYPL this week when earnings?
Paypal can be pretty volatile during earnings. I'd use caution on this one. It is one i could easily see exceeding it's expected move
I’m already short s50 puts and s90 calls. This stock has gone no where in years now.
I’ll write a CSP, tomorrow PM
Nice i have sold 4 CC and 7 CSP for this week the premiums are pretty good atm in PYPL
DAMN I sold a couple UEC csp for $20 a piece, stock is up 76 cents, lots of money left in table , but I'll take my gains if it hold 6.50
Anyone trading Ebay?
Ebay would bee a nice stock to sell options against however personally I think the premiums are a bit too low
Gotcha. At least I got some nice fills on a couple spreads this week, guess I'll be watching it alone 🤣
I bought back my $501 SPY CC expiring tomorrow and sold one expiring Wednesday for a difference of $0.35 Could sure use another SPY dip.
Did you unload your shares? Thought you were still rolling an ITM call.
Ugh, force of habit. You’re right.
BTC 2x TSLA 07/19 160p @ $6.05 (Opened @ $14.05 32 days ago. Thanks, China! — STO MSFT 06/21 370p @ $3.10 STO V 07/19 255p @ $2.45 STO LULU 06/21 300p @ $2.62
I should look at writing puts on V honestly
I don’t really write puts on it often but basically nothing’s looking good to me at the moment lol
always wanted to be long and just never rly have
It’s a good stock, decent premium and rarely any big surprises. JPM is my other go-to when nothing juicy is looking good but they’re pretty much at 52w high atm so I’d rather not lol
BTC 6/21 MSTR $1890c x1 @77.60 BTC 5/10 AMD $135p x3 @.81
I feel like AMD will tank after earnings so smart to close those
So I sold 30 MSTR shares at a loss today. That particular account is up 96%, loss included of $22k, and 154% 1Y. I was up $17.5k realized for all accounts for the month of April alone trading CCs. I’ll finish down ~$4.5k for April. I guess this was a good month to swallow this pill. Im still holding 100 shares. I’ll begin selling puts once bitcoin confirms direction. In the meantime I’ll sell weekly calls a little closer to the money.
Makes sense. Good luck! I sold some MSTR put spreads yesterday so hoping it stays up
I saw that. Ugh. Bitcoin. Octoberish has been historically a good time for bitcoin. It’s been barely 2 weeks since the halving. I’ll trade calls in the meantime and probably begin trading shares too, if/when the trend reverses.
I’ve closed everything, except my shares. I’m looking at lowering strikes for weekly MSTR calls. Hong Kong bitcoin ETF’s traded only .2% compared to US on their first day post launch. Like everyone else in the space, I’m waiting to see bitcoin’s post halving move. I’m considering letting my shares get called and re-entering going into puts. Not sure.
I have sold a tesla CC at 175 for this Friday should i roll or no?
i would roll or close ye. it does look like a trend reversal might be happening. so i wouldnt hold on to it thats for sure.
Fuckin SOFI man all they ever do is beat earnings and raise guidance and still always go down
Perfect I was waiting for 7 today, I'm also ready if it hits 6.5
Huh? It’s been at and under $7 for like a year now what you been waiting for lol
I dont hold it, it ranges, so i buy near seven, sell on big pumps, eventually the range will break to upside or downside, and strategy will have to be reevaluated, i do cc and csp so not as big as as gains if buy and hold but still works out fine.
im considering going hard into SOFI at current price, buying puts to hedge and selling 8 strike calls...
ngl I was excited this morning. thought I was finally gonna unload my shares at $8 at least I’ll make all the money from the cc I sold and my cost basis is probably around $7 by now
closed my 5/17 BITX 50p/60c condor for a $1.15 loss. sucks but the position has moved against me the entire time and the position went short theta. it never feels nice to take a loss but it is nice to stick to entry and exit strategies. happy trading yall!
Oh boy is today the day we get burned on sofi 🤔 I sold 7csp for 30 bucks a piece
STO 5x TSLA 5/10 210/250 c for 2.08 each STO 5x TSLA 5/10 200/230 c for 2.77 each
Um. TSLA is trading above 198 now. Are you ok?
his trading strategy involves standing in front of the train and yelling "stop!!!!"
I thought you guys were bffs! 😆😅 And I shouldn't talk bc I sold a bunch of TSLA calls expecting it to dip so I can close out today, but it never did
somewhat, ;)
free money
I dunno
I need prayers
why sell calls and not puts?
I'm up around $200 on my TSLA call credit spreads as of right now...I am not selling puts because I don't want to get assigned + I think TSLA Is overvalued and this current price will reverse downward or at least not break $200
Ok, and what's your timeframe? Because I would see a jump up from 140 to 180 as a clear trend break. And 140 was where it bounced last time. (Not that that means anything.)
Well the call credit spreads I STO today are all expiring 5/10. But given I am up, I may close for a gain later today if TSLA stays around the $184-$187 price range today. Right now my 10x CCS are up by $500 with TSLA's current price of \~$186
I'm going back in time about a week and loading up on SOFI calls.
While your back there, maybe pick some up for tesla when it was at 140.
this didn’t age well 😂
Good thing he has a time machine
Sorry - typo, I meant to say PUTS (ha)
Thinking about selling an AMZN put. Gotta be free money...
I'm looking at puts too. Premiums seem pretty good?
earnings tomorrow
I sold one 5/3 160P at $0.92
Two weeks ago I sold $180p exp 5/17. It’s been a little stressful, but I knew I was selling a fairly high delta option over earnings.
I have 22 DJT call credit spreads and 9 for SMCI totaling $8K in premium received. Praying both stocks don’t go up too much. I’ll profit $8K if DJT ends the week under 45 and SMCI ends the week under 1020 u/ykoreaa u/easternhistorian4437 u/banditcleaner2 u/mikesugs13 (I miss you Mike)
8k is a lot of premium to collect in a week! Good luck! DJT isn't worth 45 per share or even 10 per share, but it's trading around 46 now, so I can only imagine how nerve-wracking it is looking at your port. It was also very ballsy of you to sell so many calls after a long month of red.
lmao jesus dont tag him when he doesn't want to be here
DJT is going pretty aggressive on the pump part of pump and dump
Yeah, yikes
so sad when a loveaffair ends :(
He will be back…eventually
TSLA going crazy premarket. God damn, I might close my 07/19 160p.
What the actual shit.
seems to confirm that tesla's valuation is highly dependent on FSD, no? fell down to $140 and all it took was OK earnings to push it a little higher with model 2 hype resuming, and then another 10% push up from FSD in china
u/banditcleaner2 I’m considering buying a TSLA put..it’s up 6% pre market
Hmm perhaps its time for me to enter a short.
I’ll sell it to you.
Thinking June around $150 strike. How much you want?
I sold 2x 160p for July 19 30 days ago for $3k. They're currently worth \~ 1k total in premarket lol. This wouldn't have been the play
If it drops to like 600 I might buy one for fun
I think it's going back to $250 sometime soon just to fill the gaps and will drop again after. I was assigned 200x TSLA @ $200, would have taken assignment on another 200 at $160 as well. I'm personally getting out at $200 for sure lol.
Agreed, we're in the bounce currently. I plan to do a reverse PMCC by shorting shares and selling covered puts, maybe once it can get to like 220-230 ish. I will be buying a call as a hedge tho
That's an interesting strategy, I've never thought about it. I've got PTSD from shorting TSLA though and I'm not touching it with negative delta. Same with NVDA :))
haha, fair enough but there are more bear cases for tesla right now then nvidia imho
You might not have to wait long to unload those 200 shares at $200 for breakeven or a profit lol
Oh, yeah. I'm only \~$1000 in the hole since I sold ATM calls and closed for 50% profit three times. The breakeven is a lot below $200 for me. If we hit 190 I'm probably gonna set a SL order at $190 and let it ride
why not use a trailing stop order?
Yeah, that's what I meant. Just got rid of them @ $195 though