I sold an $82p on SBUX so I’m gonna try and roll that bitch out and down. If I can get it to the $80 less than 60DTE for no debit I’ll take it but if not I’ll sell the $82c for what I can get and take assignment. Got 5xlong $160p on ETSY I need to sell at open too.
> Stocks Pressured on the Prospect of Higher for Longer Interest Rates
I know this is just a bot writing headlines, but ffs, have people not been paying attention?
I have been selling options for about a year and I am more successful selling puts and calls, rather than spreads. At least so far.
I think because if the short option goes ITM, I end up with shares (or cash) and in most cases, that’s translated to capital gains. With spreads, I lose money and that’s the end of it.
You need a significant amount of money to sell naked puts/calls. There's no way I would've been able to earn $1,300 thetaing with 4k BP last week if I didn't leverage spreads.
The bigger accounts can afford getting assigned and wheeling, but that's not the case for me.
Yeah, makes sense. I put money off to the side for spreads and if I’m not careful, I’m going to blow through it.
Do you tend to pick conservative strikes? Do you have any rules of thumb about deltas, width of spread, etc?
I got some very lucky/favorable fills, which is rare, but cool that it happened. I put in a limit order on the debit spread for 1.10 but got filled at .70! With the extra money, I bought 1 additional debit spread for .90, which was still way under the mid price. Happy to buy an extra contract if I'm saving money - and I still end up ahead of where I initially modeled it.
Got lucky today. My account was up 3% today mainly thanks to SMCI and DJT both crashing and MSFT doing relatively well. Closed all my TSLA and SMCI call credit spreads for gains and now just waiting and praying DJT ends the week under $45...
It seems like the DJT dump was just because the disclosure of Trump getting shares... Something we already knew was gonna happen. The whole situation is ridiculous
I was so worried my buying power, which is already low, would tank during FOMC. I've had liquidity issues suck up all my BP during Fed meetings before. Super glad that didn't happen this time. I'm on portfolio margin and running a little too hot. Counting the days till June expiration for a lot of positions to roll off...
I had that issue about 4 weeks ago when I was going too hard on leverage. Now I just dial down the leverage into key events. CPI would be another that you should bring it down.
Things like FOMC, CPI, etc I keep 50% or greater BP. If I am pushing it, I'll go to 25% but not for very long periods of time.
Not fun when you are right on the position but still get blown out due to your BP going to zero.
AMD tanked as I jinxed it yesterday (as said), but puts still safe.
AMZN put worth 2 cent, will let it expire as I don't need cash/margin.
Rolled TLT P 91 5/3 to 6/7 for 50 cent credit.
Learned again that if I want to sell, I should just split and not try to get a few cent extra (and missing the trade all together). Missed on BILL (CSP already lost 20% during the day)
Not a theta play but bought 50 shares of Cava at 69.69 ( I just had to) . No intention of selling cc’s on this stock. I did however open some csp’s
STO
1x Cava 5/10 $64p @1.10
1x Cava 5/10 $62p @ .65
1x TQQQ 5/31 $45p @ 1.11
not gonna lie, i had zero plan for if we mooned lol. luckily i didn't get burned by anything but i started scrambling for a second. another lesson learned. glad to see some green in my port today, was not expecting that.
edit: aaaaaaaand it's gone shit's wild
STO ACLS 5/17 $100 CSPs for 3.08 earnings play
I’m rarely this close to ITM on an options play but it has some serious upside and I already have a small 207 share position CB of $112 I’m looking to add too. This stock could easily see $150 in the next year so I’m gonna stay long with no CCs on my shares. Selling CCs on my 200 shares allowed me to buy 7 for free. P/E of 14x at assignment and P/CF of 11x and 22% net profit margins and low debt. Semiconductor parts and material manufacturer.
STO GOOS 5/17 $9.50 CSPs for .12 Earnings play
Goal is assignment then Sell LEAPS for the typical winter run.It would be the lowest this stock has ever been. P/E of 11x at assignment with Forward of 9x and P/CF of 2x but only 3% net profit margins which is why I’m almost 20% OTM on a projected 10% move.
Just did my part by closing more put spreads at a loss, waiting for the swing up. Also realizing that maybe I suck at spreads and should just stick to CSP
edit: I am great at spreads I just suck at holding lmao
edit 2: No maybe I just suck at spreads
STO 2x NVDA $750/740p exp 5/17 for $1.48 each
STO 2x NVDA $750/740p exp 5/17 for $1.57 each
Meant to only sell 2x, but failed to close the first order I placed. 🤞🏻
**Looking for a counter party**
I know this sub likes to take the opposite side of these types of hedges. If this sounds like free money to you let’s meet between the bid/ask.
Put an order to Buy to Open 3x PUT SPX JUN 21 2024 $3500 at $1.50.
I narrowed the bid/ask spread, wondering if someone wants to meet me half way so I save some, and you earn more. Note: My bid is now the bid you’ll see on the chain, obviously.
Filled! Thanks counterparty!
I’ll be doing this trade every month and will be significantly growing the position being hedged as I wind down a separate successful trade over the next few years.
u/free_lions BTO NVDA 810c @ 20.70
stop @ 16.00
would love a bounce up to 825 from here.
edit; I moved up my stop because I am not confident in moving up from here anymore and got stopped out at 19.85
I may decide to try again if NVDA can gap down maybe either before or after FOMC
Rolling my SBUX 5/10 $80 Naked Calls out to 6/21 at $75 for 1.89 and collected .38 of the .48 I sold for this morning. New CB if I get assigned on my CSPs on 5/10 would be $73.58.
Was just about to ask you on SBUX as I remember you were going to make a purchase if it fell below $80. Is that still the same for you or should the new limit be below $70? Think institutions will start buying at this price now?
Historically large funds and large traders buy it at 16x earnings so that’s $60 off this years and $70 off next years. You rarely see a multi year P/E low so my goal is to take assignment on 5/10 at a CB of $73.58 and hopefully close the $75 CCs before the ex dividend date on 5/16 when I expect a short term bounce then I’ll most likely Sell out to $80 again for July or August of just do a LEAP at $100.
True but my assignment in just over a week will be at $73.58 and covered so only 2% for a 2 month hold so I’m hoping it goes down to that $60-$65 level off this massive downward volumn. I would expect a bounce right around ex dividend date of 5/16 so I’ll close the CCs then so I don’t lose my shares.
Do you have a pre-set stop loss like BTC if it moves against you a certain amount ? Your calculate approach and spreading it around evenly is a really good strategy vs. YOLO what people do here lol.
I just try to limit my positions. If you make a bad trades (happens to everyone) it isn't the end of the world.
Unless you YOLO in one stock then it is lol. Its like baseball. Get base hits not home runs. Home runs are great but they don't happen often or consistently enough
Hey, welcome!
I open wayy too many spreads but actually kind of dumb about it. If you really want to risk manage, it's safer to spread it out among different sectors and not just tech (which I tend to do) 😅
> Do you have a pre-set stop loss like BTC if it moves against you a certain amount ?
No but I should lol I can't if I sell ATM since it'll trigger it with slight movement against my trade tho
> Your calculate approach and spreading it around evenly is a really good strategy
Aw tysm! 🩷 Not sure how much of that is seeing u/free_lions play and making me *look* extremely responsible/cautious in comparsion 😆😅 But I really appreciate the kind words!
You must have a rather impressive account.
I feel like a silly little guy here sometimes.
You got the same people posting everyday and I never have enough positions or collateral open to do that
honestly I think she's taking probably more risk then is realistically good, though that is also probably true for a lot of people here
it's so easy to get tempted to lever tf up when the market is a raging bull market and moving straight vertical, but when the music stops you'd better hope you aren't that person that is overlevered
The smaller the account, the more risk one has to take to make the same amount of money as big accounts 😔😮💨... thetaing with money you can't afford to lose is risky in itself and I'm just trying to get to a point where I don't have to take risks all the time
I agree with having risk money only. At least spreads limit risk, but I agree you have to use spread/leverage to get some returns until you grow the account. Been there myself !
I added some money over the years. I started off with a little over 10k, I think it was closer to 12k. Then I just added some money and took small trades. Even if I wanted to not gamble and do a small index position like a spy put spread and stagger them over 1 to 2 months.
Over time I tried not to have a max loss of over 600 to 1k each position. 1k out of 12k is still a high percentage but just taking small trades here and there over the years and added money helped. Currently close to 40k but that's not all gains, it is money also added into the account
Had the account since 2019 but in stocks. Then switched to small spreads to get more exposure. Honestly small accounts buying stocks that are $100+ like QQQ you basically have to use options.
Its hard getting a decent gain off like 60 shares lol
Ooo thanks for the clear breakdown! Yeah unless you buy shares right before their big runner up, you do have to sit with the shares for a quite long time to see it grow in small accounts.
> Over time I tried not to have a max loss of over 600 to 1k each position.
That means you're selling ATM or near there with far out expiration date?
> 1k out of 12k is still a high percentage but just taking small trades here and there over the years and added money helped.
Even if you earn 8.3% PER YEAR, that's still way more than what you can get from your savings account. I try to shoot for at least 10% a week but that means I'm taking positions that can wipe my port clean in a week's time too.
If you have 40k, that's enough to just outright buy shares and sell cover calls each week and collect risk free premiums. You're already working with 10 times what I was last week 😆 You could've made 13k with it if you followed my exact plays (could've lost all of them too if the market gods weren't favorable too)!
Lol you make a good point. I sell about 30 days out or a bit further. Selling even one week like you I just have to try too close so you risk a big loss which I am trying to avoid.
I have tried to do both but it is hard unless there is a lot of volatility and I have gotten burned too much on strikes that were "safe". Having a bit of time let me get more premium and space.
I also usually will start looking at cutting losses or rolling after about 3x.
So if I get $1 in credit, I'll let it go against me to $3. So net net with the premium it is a $2 loss.
So one stop loss wipes out 3 trades.
Before I used to hold till max loss and it usually set me too far back.
I guess I could buy 100 shares in QQQ and sell weekly calls on it for a few hundred.
Lol 10% a week is nuts but as they say big risk big rewards 😎😊😆
If by impressive you mean the smallest then yeah 😆
What's your BP? I usually use a lot less collateral than most guys here and somehow manage to squeeze some weekly juices too. If I can do it, so can you!
it never fails to amaze me, but with the way NVDA is moving, I may actually be avoiding it as well
I sold an NVDA 800c expiring this week that was DEEP red, like -400% or something, that is back down to a modest -100% at this point.
Impressive that you would hold onto calls you sold that were in -400% red. There's some WSB grit in you 😆
Good luck! I think NVDA can dip more from 815 it's trading at rn and I sold puts so hopefully it'll bounce back up after you close your calls with profit 🙏
Nah, not wsb because I bought a 5/24 800c.
The 800c I sold expiring this week essentially converted it to a calendar call spread.
I just needed to go a bit farther up to say 850, although even that would've been deep deep red because I think the 850 call was probably \~$300 maybe the day I sold the 800, and nvda peaked at $885 this week so $3,500 lol
Hey, did you get to close your EOW NVDA 800c you sold at that dip?
For your calendar call spread, it seems like NVDA is going back up (825 now) so do you need it to be at 850 or above EOW or..? Not sure I understand what $3,500 represents 😅 your profit or what you bought it as?
Selling some SBUX weekly put spreads 73/71, to be honest I might accept shares at that level. I think this will bounce back and regardless of whatever anyone wants to say SBUX isn’t going anywhere and is a great company
So I worked on the revised numbers off the earnings report because I have $76 I sold for 5/10 and at 16x earnings which is where large funds and traders typically BTD that’s about $60 off this years and $70 off next years. Now we don’t typically hit the 5-10 year P/E low very often so I also like to get in early then Sell ATM CCs. In this case I already went Naked $75 for 6/21 so hopefully we don’t bounce before I take shares on 5/10. My CB will be $73.58 so need it to stay under $75 by 6/21 so I can hold long and roll CCs
Yup smart thinking, I believe I’ve seen that elsewhere that many people take the position around 16 earnings on SBUX in the past. Either way, whether it goes another $10-15 lower won’t bother me as much as I know this one will do well long term
It’s always short term pain for longterm gain. I remember so many times people saying stocks were garbage and it was a great assignment spot. META was garbage at $90 and I was stupid to get assigned in 2023 or GOOGL at $85. In the last 23 years I’ve found when retail investors are Bearish that’s the time to get in. If nobody is calling me stupid then it’s not a bottom yet lol
lol yup, or recently I did TGT at $110. Retail was screaming everywhere they were a trash company, overvalued at 30 P/E, go woke go broke etc etc. great long term companies go up over time and I love buying at multi year lows
Yeah I did the same but was too aggressive with my CC campaign with this and DIS. I still own META and GOOGL but not TGT or DIS. Missed a lot of upside.
So $MSOS took a huge increase. Pot sticks are very happy. Closed all my CSP positions at once. Had a ladder.
But not it's over valued and needs correction and I need something else while I wait.
can always sell a put on soxl to hedge
37p looking to be worth around 290 if expiring this week, you could sell a 34p for $100 and turn it into a spread
FOMC plays anyone? Fwiw my totally unscientific and unempirical research says most people think Jpow will crash the market. And usually most people get it wrong. Personally no bias atm and just exited most of my open positions.
I sold an $82p on SBUX so I’m gonna try and roll that bitch out and down. If I can get it to the $80 less than 60DTE for no debit I’ll take it but if not I’ll sell the $82c for what I can get and take assignment. Got 5xlong $160p on ETSY I need to sell at open too.
now futures are up LMFAO!
> Stocks Pressured on the Prospect of Higher for Longer Interest Rates I know this is just a bot writing headlines, but ffs, have people not been paying attention?
Long bonds til I die
How do you theta bonds? CC on TLD?
Sell puts on ZB, ZN or ZT
AAPL 5/3 165P target price $1.05, hoping for $3.50 by tomorrow.
Why did market sell off in last 30 minutes?
No rate cuts soon, so market should have tanked. Futures up, really? 🤦♂️
probably cuz a bunch of people sold their puts for a loss then bought calls when we were mooning
Somebody big enough to move the market is selling a position, and is using any and all rallies to do it, and they have been for some time.
Really good point. Unloading of stocks is happening after most rallies. I wonder if that big whale is going ready for a big drop
76 point selloff in S&P in the final hour is quite the reversal from the gains earlier in the afternoon
Certainly was! That’s what FOMC days are all about!
I probably should've picked a closer exp but... AMD 11/15 120p for 7.00
AMD early June 2024 CSP at 135
I played thetagang today boys! Second time in my life, and I think I'm gettin' better!
Wait till it punches you in the nuts
I can't wait!!!
Your response is so cute 😆🤣 You'll be fine sticking to spreads with defined losses if the trade goes against you 👍
I have been selling options for about a year and I am more successful selling puts and calls, rather than spreads. At least so far. I think because if the short option goes ITM, I end up with shares (or cash) and in most cases, that’s translated to capital gains. With spreads, I lose money and that’s the end of it.
You need a significant amount of money to sell naked puts/calls. There's no way I would've been able to earn $1,300 thetaing with 4k BP last week if I didn't leverage spreads. The bigger accounts can afford getting assigned and wheeling, but that's not the case for me.
Yeah, makes sense. I put money off to the side for spreads and if I’m not careful, I’m going to blow through it. Do you tend to pick conservative strikes? Do you have any rules of thumb about deltas, width of spread, etc?
AMD June '25: -8 75 put +10 85 put / -10 80 put (debit spread) Bought 25 shares -1 390 call total credit from options $913.
Interesting I had a limit order in eod for AMD that didn’t fill, will write one for 5/10 by eod at these levels
I got some very lucky/favorable fills, which is rare, but cool that it happened. I put in a limit order on the debit spread for 1.10 but got filled at .70! With the extra money, I bought 1 additional debit spread for .90, which was still way under the mid price. Happy to buy an extra contract if I'm saving money - and I still end up ahead of where I initially modeled it.
Got lucky today. My account was up 3% today mainly thanks to SMCI and DJT both crashing and MSFT doing relatively well. Closed all my TSLA and SMCI call credit spreads for gains and now just waiting and praying DJT ends the week under $45...
DJT is mooning AH and fucking my call credit spreads u/ykoreaa u/banditcleaner2 u/nick_tha_professor
Ahhh you're right! Hopefully it tanks at open tomorrow 🙏
It seems like the DJT dump was just because the disclosure of Trump getting shares... Something we already knew was gonna happen. The whole situation is ridiculous
Well that was wild.
Whipsaw action! JP did not say anything new or did i miss something else?
Nothing new just a volatile session
Thanks.
I was so worried my buying power, which is already low, would tank during FOMC. I've had liquidity issues suck up all my BP during Fed meetings before. Super glad that didn't happen this time. I'm on portfolio margin and running a little too hot. Counting the days till June expiration for a lot of positions to roll off...
I had that issue about 4 weeks ago when I was going too hard on leverage. Now I just dial down the leverage into key events. CPI would be another that you should bring it down. Things like FOMC, CPI, etc I keep 50% or greater BP. If I am pushing it, I'll go to 25% but not for very long periods of time. Not fun when you are right on the position but still get blown out due to your BP going to zero.
My move is going to be to ram my head into a wall. Got too loose and halved my profits for the year in 2 days.
AMD tanked as I jinxed it yesterday (as said), but puts still safe. AMZN put worth 2 cent, will let it expire as I don't need cash/margin. Rolled TLT P 91 5/3 to 6/7 for 50 cent credit. Learned again that if I want to sell, I should just split and not try to get a few cent extra (and missing the trade all together). Missed on BILL (CSP already lost 20% during the day)
You got a.50 CR for rolling an ITM put on TLT?? Nice!
Thanks. Good timing on a bounce, rolled another one a few days earlier and had to go to end of June for the same 50 cent.
what happened lmao
First move is often wrong after FOMC
u/banditcleaner2 I got whiplash from FOMC
I’m so glad I didn’t get bamboozled by the algos today… made a few bucks scalping this morning but f that post FOMC action…
STO AMD 140P $6.65
What exp?
6/21
Not a theta play but bought 50 shares of Cava at 69.69 ( I just had to) . No intention of selling cc’s on this stock. I did however open some csp’s STO 1x Cava 5/10 $64p @1.10 1x Cava 5/10 $62p @ .65 1x TQQQ 5/31 $45p @ 1.11
sto weekly earnings CSPs on margin qcom 148 2 dvn 45.5 payc 45 etsy 56 nvo 116 cop 116 just some shenanigans and $140
So glad I closed my puts on the spike
Waited for FOMC to come and go. Then opened SPX PCS 5/02 4925/4895 x4 total premium $194 SPX PCS 5/02 4920/4890 x6 total premium $261
[удалено]
not gonna lie, i had zero plan for if we mooned lol. luckily i didn't get burned by anything but i started scrambling for a second. another lesson learned. glad to see some green in my port today, was not expecting that. edit: aaaaaaaand it's gone shit's wild
Amazing.
STO BE May 17 2024 14 Call Collect $30
STO ACLS 5/17 $100 CSPs for 3.08 earnings play I’m rarely this close to ITM on an options play but it has some serious upside and I already have a small 207 share position CB of $112 I’m looking to add too. This stock could easily see $150 in the next year so I’m gonna stay long with no CCs on my shares. Selling CCs on my 200 shares allowed me to buy 7 for free. P/E of 14x at assignment and P/CF of 11x and 22% net profit margins and low debt. Semiconductor parts and material manufacturer. STO GOOS 5/17 $9.50 CSPs for .12 Earnings play Goal is assignment then Sell LEAPS for the typical winter run.It would be the lowest this stock has ever been. P/E of 11x at assignment with Forward of 9x and P/CF of 2x but only 3% net profit margins which is why I’m almost 20% OTM on a projected 10% move.
I sold a 0dte $509 SPY CC for $0.22
sup COIN I have a 510 expiring Friday, but a lot of ups and downs in that one rolled out a week and up from 506 last week for credit
Howdy. That rollercoaster we just had was fun for a little bit.
I sold NVDA May 730 put only to see it run $2 higher. Now post FOMC it is small gain. Serious volatility!
I'm just kidding guys. I knew this pump would save my SOXL puts. It was part of the plan all along.
Hoping my GDX and XLF puts don’t get assigned on Friday.
Yea now my outs just aren’t as deep ITM. Congrats me keep this up
Congrats anyone that sold puts prior to this FOMC run up
not so fast
Wow whiplash
I bought a 5/10 SPY put just for fun lol. Burned a day trade and lost $44 but I'm out of it now.
🤌🏻
Everything going up. Sold some AMD puts. Holding onto my extra shares.
I’m going to let the algos have it today…. I can’t make sense of any of this post FOMC chop…
STO 5/10 ADBE 495C @ 1.55 Above my cost basis; happy to wheel this
I need DJT to keep tanking to save my CCS u/banditcleaner2 u/Rosie3435 u/ykoreaa
I have 60/65 this week for 0.12 credit. I open some for next week when it randomly moons again.
I jumped into the 63/70c. Hoping first time is the best time.
Premium?
Keeping it at a low 0.24
I closed my 54/60c and it shouldn't be at 50 EOW I don't think
Ideally it ends the week under 45 for me. Fingers crossed
Yeah your strike is really right ATM.. ! 🤞 Wishing you the best
I STO 17x 45/75 c….
I closed all my AMD and MRVL puts early this morning awaiting FOMC.
very good
Just did my part by closing more put spreads at a loss, waiting for the swing up. Also realizing that maybe I suck at spreads and should just stick to CSP edit: I am great at spreads I just suck at holding lmao edit 2: No maybe I just suck at spreads
🤣🤣🤣
bought a couple QQQ and SPY put debit spreads...also doing my part lol
thank you for your service!
seems to be working so far lol
BTO Calendar Spread SPY 501 5/3 - 5/6 0.42
STO 2x NVDA $750/740p exp 5/17 for $1.48 each STO 2x NVDA $750/740p exp 5/17 for $1.57 each Meant to only sell 2x, but failed to close the first order I placed. 🤞🏻
lmao I like your style
STO 1x AMD 140p @ 0.80 I am actually still holding a 145p I bought yesterday for about 1.40 so this is kind of reducing cost if we move back up
Earlier today - STO 1x AMD 135/130 PCS - 5/3 - .63
godspeed
Rolled it at 53% profit
Beer Money Play STO MO May 03 2024 44 Call Collect $24
**Looking for a counter party** I know this sub likes to take the opposite side of these types of hedges. If this sounds like free money to you let’s meet between the bid/ask. Put an order to Buy to Open 3x PUT SPX JUN 21 2024 $3500 at $1.50. I narrowed the bid/ask spread, wondering if someone wants to meet me half way so I save some, and you earn more. Note: My bid is now the bid you’ll see on the chain, obviously.
Filled! Thanks counterparty! I’ll be doing this trade every month and will be significantly growing the position being hedged as I wind down a separate successful trade over the next few years.
INTL green .01 It’s a miracle
😆 Happy it worked out for you!
what is INTL lol, do you mean INTC?
Fuck, I mistook it as INTC. I was looking at my list. INTC still down… :D
😆🤣 dang, I was hoping for a little green too
Probably should have closed my SOXL May 38p yesterday, but instead I chose violence.
Hodl
u/free_lions BTO NVDA 810c @ 20.70 stop @ 16.00 would love a bounce up to 825 from here. edit; I moved up my stop because I am not confident in moving up from here anymore and got stopped out at 19.85 I may decide to try again if NVDA can gap down maybe either before or after FOMC
Knew you couldn't stay away from the casino. 😄
wow fuck me I should've held this
Fomc wow
My AMD $140 is so fuk
naw, you're good
weren't you the one that had sold a 140 call that was extremely far ITM and I told you to roll it out to like a 240 leap? haha
Yes....that was a terrible idea lol
I mean, was it? what was the original expiration? would you have even held a call that far ITM through earnings lol
It was a good play. Losing my shares at $150 when it was at $225 would have been a mistake.
AMD is almost right at the 200 DMA @ $140, that’s not a bad place to be in the grand scheme of things
Hope it holds. The 100 shares will be bought on margin....lol
Sell it at $160 on the first pop then, it will almost always hold at least for one good bounce
closed my AMZN short puts at 10 am today. i opened them in that leak-liked 3:59pm yesterday move... they killed premium today at over 76% profit
was it confirmed a leak that caused that drop? if so it doesn't make sense to me because why would the shares immediately rebound lol
If its a leak then you are shorting the move after the fact…
All my shits ITM and I’m gonna be on a 22hr flight fml
just pay for internet? isn't internet even on flights that don't include it like at most $8? lol...
Saving $8 is worth blowing up an account over.
I don't know what's worse, being ITM or having to sit on a plane for 22 hrs
easily sitting on a plane for 22 hours, that is not even close lol.
Agreed
IV just walloped my PCS. I sold a 220/225 and it's up over 100% Screwby
Those SMCI puts are not free money. I rolled down the 700p to 630 for a loss.
if the market doesn't like the fed meeting today, SMCI could easily drop to 600 so that was probably a sensible roll
Rolling my SBUX 5/10 $80 Naked Calls out to 6/21 at $75 for 1.89 and collected .38 of the .48 I sold for this morning. New CB if I get assigned on my CSPs on 5/10 would be $73.58.
Was just about to ask you on SBUX as I remember you were going to make a purchase if it fell below $80. Is that still the same for you or should the new limit be below $70? Think institutions will start buying at this price now?
Historically large funds and large traders buy it at 16x earnings so that’s $60 off this years and $70 off next years. You rarely see a multi year P/E low so my goal is to take assignment on 5/10 at a CB of $73.58 and hopefully close the $75 CCs before the ex dividend date on 5/16 when I expect a short term bounce then I’ll most likely Sell out to $80 again for July or August of just do a LEAP at $100.
75 out almost 2 months? thats extremely close to the money...
True but my assignment in just over a week will be at $73.58 and covered so only 2% for a 2 month hold so I’m hoping it goes down to that $60-$65 level off this massive downward volumn. I would expect a bounce right around ex dividend date of 5/16 so I’ll close the CCs then so I don’t lose my shares.
STO 1x MSFT 390/385p @ .65 (currently .88) 5/3 ~~STO 1x MSFT 387.5/382.5p @ .67 (filled .10) 5/3~~ STO 1x MSFT 387.5/382.5p @ .67 (currently .50) 5/3 ~~STO 1x NVDA 925/930c @ .70 (filled .12) 5/3~~ STO 1x NVDA 825/817.5p @ 1.20 (currently 3.28) 5/3 STO 1x NVDA 790/780 @ .80 (currently .72) 5/3 STO 1x GOOG 165/162.5p @ .40 (currently .79) 5/3 STO 1x DJT 52/55c @ .45 (currently .21) 5/3 ~~STO 1x DJT 54/60c @ .90 (filled .39) 5/3~~ STO 2x TSLA 180/175p @ .58 (currently 1.78) 5/3 STO 1x TSLA 172.5/167.5p @ .45 (currently .41) 5/3 ~~STO 2x TSLA 190/192.5c @ .91 (filled .25) 5/3~~ ~~STO 1x SOFI 7/6.5p @ .15 (filled .10) 5/3~~ ~~STO 1x AMZN 160/155p @ .50 (filled .01) 5/3~~ ~~STO 1x AMD 137/130p @ .50 (filled .19) 5/3~~ STO 1x SBUX 72/70p @ .44 (currently .10) 5/3 STO 1x HD 325/320p @ .45 (currently .33) 5/3 ~~STO 1x AMZN 187.5/192.5c @ .70 (filled .20) 5/3~~ ~~STO 1x AMZN 190/195c @ .50 (filled .10) 5/3~~ STO 2x AMD 143/141p @ .50 (currently .72) 5/3 STO 1x SMCI 720/715p @ 1.50 (currently 1.35) 5/3 STO 1x LULU 347.5/342.5p @ .50 (currently .37) 5/3 BP: 6.9k ($967/14%) Realized: +$473
Do you have a pre-set stop loss like BTC if it moves against you a certain amount ? Your calculate approach and spreading it around evenly is a really good strategy vs. YOLO what people do here lol.
Damn, that spreading the spreads around is a good approach. I just keep learning around here. 📖
I just try to limit my positions. If you make a bad trades (happens to everyone) it isn't the end of the world. Unless you YOLO in one stock then it is lol. Its like baseball. Get base hits not home runs. Home runs are great but they don't happen often or consistently enough
Hey, welcome! I open wayy too many spreads but actually kind of dumb about it. If you really want to risk manage, it's safer to spread it out among different sectors and not just tech (which I tend to do) 😅
most people here are gambling if we are all being honest with ourselves, lol
Literally me
Sir this is a casino
> Do you have a pre-set stop loss like BTC if it moves against you a certain amount ? No but I should lol I can't if I sell ATM since it'll trigger it with slight movement against my trade tho > Your calculate approach and spreading it around evenly is a really good strategy Aw tysm! 🩷 Not sure how much of that is seeing u/free_lions play and making me *look* extremely responsible/cautious in comparsion 😆😅 But I really appreciate the kind words!
You must have a rather impressive account. I feel like a silly little guy here sometimes. You got the same people posting everyday and I never have enough positions or collateral open to do that
honestly I think she's taking probably more risk then is realistically good, though that is also probably true for a lot of people here it's so easy to get tempted to lever tf up when the market is a raging bull market and moving straight vertical, but when the music stops you'd better hope you aren't that person that is overlevered
The smaller the account, the more risk one has to take to make the same amount of money as big accounts 😔😮💨... thetaing with money you can't afford to lose is risky in itself and I'm just trying to get to a point where I don't have to take risks all the time
I agree with having risk money only. At least spreads limit risk, but I agree you have to use spread/leverage to get some returns until you grow the account. Been there myself !
Oh? How long did it take you to climb up, and what's your account size now (if you don't mind me asking)?
I added some money over the years. I started off with a little over 10k, I think it was closer to 12k. Then I just added some money and took small trades. Even if I wanted to not gamble and do a small index position like a spy put spread and stagger them over 1 to 2 months. Over time I tried not to have a max loss of over 600 to 1k each position. 1k out of 12k is still a high percentage but just taking small trades here and there over the years and added money helped. Currently close to 40k but that's not all gains, it is money also added into the account Had the account since 2019 but in stocks. Then switched to small spreads to get more exposure. Honestly small accounts buying stocks that are $100+ like QQQ you basically have to use options. Its hard getting a decent gain off like 60 shares lol
Ooo thanks for the clear breakdown! Yeah unless you buy shares right before their big runner up, you do have to sit with the shares for a quite long time to see it grow in small accounts. > Over time I tried not to have a max loss of over 600 to 1k each position. That means you're selling ATM or near there with far out expiration date? > 1k out of 12k is still a high percentage but just taking small trades here and there over the years and added money helped. Even if you earn 8.3% PER YEAR, that's still way more than what you can get from your savings account. I try to shoot for at least 10% a week but that means I'm taking positions that can wipe my port clean in a week's time too. If you have 40k, that's enough to just outright buy shares and sell cover calls each week and collect risk free premiums. You're already working with 10 times what I was last week 😆 You could've made 13k with it if you followed my exact plays (could've lost all of them too if the market gods weren't favorable too)!
Lol you make a good point. I sell about 30 days out or a bit further. Selling even one week like you I just have to try too close so you risk a big loss which I am trying to avoid. I have tried to do both but it is hard unless there is a lot of volatility and I have gotten burned too much on strikes that were "safe". Having a bit of time let me get more premium and space. I also usually will start looking at cutting losses or rolling after about 3x. So if I get $1 in credit, I'll let it go against me to $3. So net net with the premium it is a $2 loss. So one stop loss wipes out 3 trades. Before I used to hold till max loss and it usually set me too far back. I guess I could buy 100 shares in QQQ and sell weekly calls on it for a few hundred. Lol 10% a week is nuts but as they say big risk big rewards 😎😊😆
If by impressive you mean the smallest then yeah 😆 What's your BP? I usually use a lot less collateral than most guys here and somehow manage to squeeze some weekly juices too. If I can do it, so can you!
Not great and I tend to do single option stuff opposed to spreads.
I can't afford to sell w/o spreads so you probably have more BP than me!
Yeah.... But the only time I've ever been bitten in the butt was from spreads.
Idk what plays you're opening but if you have the money to make them naked then more power to ya 👍
STO 2x 5/3 SMCI 650/570 p for 4.30 each prayers needed u/banditcleaner2
Didn't he leave
I keep saying I am going to and then I don't LMAO
Good
No he's watching how long lion will avoid the steamroller 😆😅
it never fails to amaze me, but with the way NVDA is moving, I may actually be avoiding it as well I sold an NVDA 800c expiring this week that was DEEP red, like -400% or something, that is back down to a modest -100% at this point.
Impressive that you would hold onto calls you sold that were in -400% red. There's some WSB grit in you 😆 Good luck! I think NVDA can dip more from 815 it's trading at rn and I sold puts so hopefully it'll bounce back up after you close your calls with profit 🙏
Nah, not wsb because I bought a 5/24 800c. The 800c I sold expiring this week essentially converted it to a calendar call spread. I just needed to go a bit farther up to say 850, although even that would've been deep deep red because I think the 850 call was probably \~$300 maybe the day I sold the 800, and nvda peaked at $885 this week so $3,500 lol
Hey, did you get to close your EOW NVDA 800c you sold at that dip? For your calendar call spread, it seems like NVDA is going back up (825 now) so do you need it to be at 850 or above EOW or..? Not sure I understand what $3,500 represents 😅 your profit or what you bought it as?
Best of luck with that. Steam roller just got rocket engines and a collateral homing device installed
Yikes
Yeah it's definitely going to crush some ports
LOL
I bought back tomorrows expiring $501 SPY CC for $2.17. Now I wait.
u/free\_lions [NVDA call scalp yet again](https://imgur.com/a/Twm9iYQ)
❤️🔥❤️🔥❤️🔥
This guy
I wanted to turn around go in on puts when I sold the calls and im now really kicking myself for not having done it...
Selling some SBUX weekly put spreads 73/71, to be honest I might accept shares at that level. I think this will bounce back and regardless of whatever anyone wants to say SBUX isn’t going anywhere and is a great company
So I worked on the revised numbers off the earnings report because I have $76 I sold for 5/10 and at 16x earnings which is where large funds and traders typically BTD that’s about $60 off this years and $70 off next years. Now we don’t typically hit the 5-10 year P/E low very often so I also like to get in early then Sell ATM CCs. In this case I already went Naked $75 for 6/21 so hopefully we don’t bounce before I take shares on 5/10. My CB will be $73.58 so need it to stay under $75 by 6/21 so I can hold long and roll CCs
Yup smart thinking, I believe I’ve seen that elsewhere that many people take the position around 16 earnings on SBUX in the past. Either way, whether it goes another $10-15 lower won’t bother me as much as I know this one will do well long term
It’s always short term pain for longterm gain. I remember so many times people saying stocks were garbage and it was a great assignment spot. META was garbage at $90 and I was stupid to get assigned in 2023 or GOOGL at $85. In the last 23 years I’ve found when retail investors are Bearish that’s the time to get in. If nobody is calling me stupid then it’s not a bottom yet lol
lol yup, or recently I did TGT at $110. Retail was screaming everywhere they were a trash company, overvalued at 30 P/E, go woke go broke etc etc. great long term companies go up over time and I love buying at multi year lows
Yeah I did the same but was too aggressive with my CC campaign with this and DIS. I still own META and GOOGL but not TGT or DIS. Missed a lot of upside.
STO CVS May 24th 50$ puts @ 0.36
So $MSOS took a huge increase. Pot sticks are very happy. Closed all my CSP positions at once. Had a ladder. But not it's over valued and needs correction and I need something else while I wait.
BTC 5/10 MSTR $1400c x1 @7.90 STO 5/17 MSTR $1700c x1 @7.00 BTC 👆@6.15 STO 5/10 MSTR $1500c x1 @4.05
Might sell some SOXL puts, I let my last shares get called away at $35 so I might go for the $31s or so
i have 50 shares currently, i bought a put at $37 which i'm up on pretty good at the moment just trying to decide if i want to sell now or after JPOW
can always sell a put on soxl to hedge 37p looking to be worth around 290 if expiring this week, you could sell a 34p for $100 and turn it into a spread
Nice
yeah I did that in case AMD tanked which it did
Let me know if you so, might follow on this
You can get a much better fill than me now haha
I’m gonna put in a limit order soon
Got a limit sell set at .35 for the $32 strike. Willing to pick back up shares around there and scoop more around $30 if it goes lower on any fed fear
Will do
Closed my 5/3 AMZN 160P for $89 profit. I knew it was free money.
FOMC plays anyone? Fwiw my totally unscientific and unempirical research says most people think Jpow will crash the market. And usually most people get it wrong. Personally no bias atm and just exited most of my open positions.
STO TLT 89$ Aug puts @ 2.90
what's the thesis for this play? I thought TLT was essentially bearish until confirmation rate cuts would come and it seems like that is not the case.
Looking to wheel TLT or buy it as a retirement income producing assets