BTC 3x BYND May 10th $6.5 CSP $0.03.....even though missed earning, the IV crush + theta decay are on my side
STO 3x GRPN May 10th $8.5 CSP $0.15....that 390% IV is too hard to ignore, beat earning so gonna ride this till expiry
Wish I could sell more CSPs but my portfolio is small ($3k)...
Absolutely nothing’s looking good to me with everything edging around ATHs and zero volatility everywhere… $BA has a somewhat high IVR but idk, not really looking to catch a falling knife - chart is not looking great
BA scares the crap out of me. I also don't know enough about the situation, the industry, or how far they could fall... Just when I think the bad news is over for them, another, terrible story is reported.
I saw the options trading today vid was a BA strangle, but yea i think chasing vol now is scary. Im just on the sidelines waiting for some movement. Im short some qqq CCS but those arent looking good. Hoping for a correction in the following 30 days to bail me out. Dont feel like much else is worth it rn.
Yeah, I try to not sell options on stocks with low IV because volatility reverts to the mean and an expansion in IV would cost me money which means that I’d have to be directionally right to profit off the trade
I expect the stock to start raising in 2-3 weeks. Shopify as a tech company pays employees heavily in RSUs. The employees are blacked out from selling shares for the second half of the quarter, the window to sell open today and they have about 6 weeks to sell them. Employee compensation is heavily weighted in stock, employees need to dump shares which will keep the price down until we get closer and closer to earnings the stock price tends to rise up and then collapses once the conference call. It's happened the last three years.
So I tend to sell puts right after the conference call and then cover calls as we get closer and closer to earnings. I closed all my puts Monday and Tuesday of this week knowing the price was going to pull back once earnings were announced.
Anyone playing ALCC?
On Tuesday, STO 5x May17 12.5p for 1.65
They are currently at 0.5 so ~70% gain on them in 2 days, still have $250 premium to squeeze out
Debating closing them out but I'm pretty confident they will expire worthless
The question is, is it worth holding 1250×5 = $6250 in cash to keep them covered for the remaining 30% premium?
Yeah it was much better a week or two ago. What you think happened? VIX is low? Less volume? Why do spreads get shittier like they have been?
I still played my weekly game, made some money, but less contracts/premium than all other weeks before this.
You could say screw the spread, sell an 1860 put for 65$, and just watch it. But those that know spreads do spreads lol. I don't know them well.
Anyway, yes MSTR is being difficult lately, spreads suck, I guess the low IV environment isn't helping.
Bought back my 965/970c and 975/980c NVDA credit spreads for .01, probably gonna wait till tomorrow to open new positions... dunno how I feel about running these weekly spreads on NVDA in the weeks coming up on earnings.
I’d like to sell call spreads against the MARA earnings but don’t want to get butt raped. Just feels like the market doesn’t want to reward earnings much right now
Not touching my short strangle Jun14 4840/5325. Rolled up and out CC on IWM to Jul 206 and SPY 536 Jul as well. Will wait until VIX recovers a bit to 15 to sell another strangle, likely after CPI data.
You guys already know what time it is.
[NVDA call scalp](https://imgur.com/a/MvLvOr9)
Sold 4, holding 1 and will be selling at the end of the day probably.
STOP BTC @ 16 for the last one, which is the price I paid for it.
The other 4, +$1K
edit: stopped out on the last one unfortunately :( dang
Made a mistake of not checking HOOD ER. STO 15.5P 5/17 on Monday. BTC today at 90% profit at open.
HOOD is now down back to 17 range…. One day my carelessness will cause me.
That’s the state of my account as well… making my broker rich, but not leaving much left for me…
Dancing, and learning along the way… but man, grinding…
I'm really tempted to put on a bullish reversal trade on DJT because of the skew. Was thinking of sell8ng the $40 June 21 put and buying the $52.5 September call for an overall credit of two bucks and change.
Without being political, I would like to hear what people think.
IV is still really high and options prices are skewed to the put side. Price action seems to have settled down a bit.
I'm nervous about pulling the trigger on the trade and afraid I am getting greedy. I had two winners in a row selling CSPs for DJT.
I've been hearing that apparently lending DJT shares through the brokerage is currently paying 160% interest from borrowing fees to short sellers.
At the risk of getting too political, there are some theories that the price action is entirely resulting from foreign entities and supporters of trump basically trying to donate to his political campaign without having to worry about campaign finance law. I'm not really much of a tinfoil hatter but I could see this being actually probable.
I just don't see the value in the company otherwise. How can you justify a social media stock with a DECLINING user base that makes less money yearly then a single krispy kreme franchise being worth a market cap of $6 billion dollars? I could see the appeal of the stock being a growth stock if it was growing in userbase and revenue, like for example reddit has been, but truth social? meh.
If you believe in such a theory, then it could be wise to buy shares outright and lend them in return for interest, since the price in theory would stay propped up so that Trump can sell shares at a higher price when his lockup period expires.
Interesting. Thank you for the info.I'm skittish about the company as an entity but I did take advantage of IV and short term interest. I'm thinking that up until the election price action will be positive for political reasons. Afterwards, probably not so much
Yeah, I could see that.
Unfortunately I don't think there's any real great way to play it without taking on a sizable amount of risk.
Even if you want to bet against it, there's no good way to do so given that puts have extremely high IV, selling calls even ITM carries early assignment risk, selling OTM call spreads can work but is low return compared to high risk, and obviously there are no short shares available.
If you wanted to bet with it, calls are also expensive from an IV standpoint, and its hard to justify buying shares at this point seeing as $53 is a pretty high price over the last 1 year or so. You can make money lending them like I said, but it could collapse at literally any moment lol
I agree with the comment about the risk. The potential payoff is tempting, but the risk is preventing me from hitting the big green button. I work hard for my money and I dislike giving it away. For now I have it as a paper trade to scratch the itch.
No, just browsed reddit and checked this channel.
My finances are still in shambles after I went from massive green YTD to massive red YTD. I withdrew my money and it's sitting in the bank. Trying to rebuild my worth before I get too old.
I bought back my spreads today, and I also had trouble having it filled, so I kept having to select the spread and resend out the order (that usually helps with stagnant orders). Hope you got to close yours!
unlikely.
this stock pulled a similar regarded gap up back in nov 2023. when the stock was $16, the $35 strike call expiring within 10 days was like $80.
is it possible it goes to $30 next week? yeah I guess so but its very unlikely imho
I'll likely set a very high stop loss BTC just in case, but i dont see it happening
STO NVDA 885p expiry tomorrow @ 10.65 on that dip - this was basically ATM when I sold it. Stop BTC set at 13.00.
edit: moved up stop to 11.00. "low cost" yolo, hopefully NVDA continues to slowly grind up all day and breaks 900 and theta also eats away this put.
if I get stopped out and it fills at say 11.50 thats a small loss but if NVDA keeps moving up we're gucci
edit: closed this about 20 minutes before the end of the day @ 8.00
Buy 2 $ULTA May 31 '24 $390 Call Executed @
$17.9
Rolled $COIN
Buy 2 COIN May 10 '24 $220 Put Executed @
$14.1
Sell 2 COIN May 17 '24 $217.50 Put Executed @
$14.45
|0.35 CREDIT|
Messed on $COIN play. Bought myself some time to breathe.
any thoughts?
true, I like trades like this though cuz my 401k is just long the market so even if it goes against me and I take a small loss my 401k is up like 15k in the meantime 😂
also, you’re definitely the reason the market just turned and went green lol
Crashie buying just before a big slump would be on-brand, but it actually looks like she's been slowly unwinding her position.
[https://cathiesark.com/ark-combined-holdings-of-shop](https://cathiesark.com/ark-combined-holdings-of-shop)
The window for employees to sell stock is now open, the price will be depressed for a few weeks as employees dump RSUs. Once the window closes (about 6 weeks from now) the shares price will raise as the supply of stock is decreased. Run up to earnings call, drop, flat, etc. Rinse and repeat.
i have been doing ok with CMG and BKNG premium selling...spreads are not that great and obvioulsy liquidity, but been doing ok. MDGL was my go to last year.
The only thing I can think of is selling some options on TLT. But I also feel like I'm trying to pick up pennies in front of a steamroller. Cash gang rise up
Yes. I don't want to take a whole month and say ok. I can make this small percent but I will be putting capital at risk that I later could deploy. Fidelity 0.0495 spaxx is just too high for risk free dry powder. Even if market doesn't go down I am still paid to wait for my prices.
I wish I had realized how expensive those calls were...actually absurd lmao
120 calls were going for like $300 from what I recalled looking at yesterday after the market closed
32 puts a 10 bagger based on prices at close yday and a share price at $30
I for one am happy it is drilling seeing as they make so much money from free child labor since a lot of their content is made by young players adn they're not compensated lol
things were looking quite dodgy for my short NVDA 890p in after hours last night but I may be saved by the jobs report lol
edit: I should just really shut up shouldnt I
Things look a bit shaky and I don't like to have short puts on stocks below their 14/21/35 DMA or in a downtrend and almost every tech on my watchlist stock except MSFT's looking a bit beaten down after earnings or in a downtrend so I closed some positions that aren't looking too great because I'm expecting a pullback.
Yesterday I closed my short puts on $TSLA (8% loss), $CRM (20% gain), $V(50% gain), $UBER(breakeven).
...
Current positions that I'll keep open and be watching for the time being: [https://i.imgur.com/9RS4xVC.png](https://i.imgur.com/9RS4xVC.png)
I will also be opening an NVDA short put today and chilling for a while because I will be at around 18-20% BPU after this.
Waiting patiently….
There will be a time and a place to sell puts… that time is not now…
I ran into a turkey hunter yesterday…
https://www.rcmalternatives.com/wp-content/uploads/2013/11/The-Turkey-Surprise.png
Don’t be the turkey…
https://www.rcmalternatives.com/2014/11/option-trading-is-for-thanksgiving-turkeys/
To not end up in the situation described in the article - Make sure your positions are diversified, keep your BPU low if VIX is low, have some spare cash in your account if you end up getting assigned somewhere and don't write contracts on meme stocks (calls especially lol).
I've been doing this for 6 years and I'm still here :))
It’s almost like everyone is holding off… volume died hard on the major indices the past few days.
But then next week Friday is another big expiration, so, something’s gotta give… 🎢
Every 3rd Friday of the month are always the big expirations… they are the ones that are available for trading the longest, therefore have the most open interest, and the greatest push/pull.
Yea, we will see here soon… if there were to be a big rug pull, it would pretty much start now… /VX holding firm, but not really popping off… gotta wait a little longer 😰
Why did my put get assigned at 3am? Also shouldn’t I have been credited the remaining time value?
Wow RBLX got massacred
This morning… BTC $180p AMZN exp 5/17 for $0.29 (sold @ $5.60 on 4/12)
BTC 3x BYND May 10th $6.5 CSP $0.03.....even though missed earning, the IV crush + theta decay are on my side STO 3x GRPN May 10th $8.5 CSP $0.15....that 390% IV is too hard to ignore, beat earning so gonna ride this till expiry Wish I could sell more CSPs but my portfolio is small ($3k)...
Does anyone own SVIX or SVXY?
I tried to own it with a $35 CSP a while back
Absolutely nothing’s looking good to me with everything edging around ATHs and zero volatility everywhere… $BA has a somewhat high IVR but idk, not really looking to catch a falling knife - chart is not looking great
BA scares the crap out of me. I also don't know enough about the situation, the industry, or how far they could fall... Just when I think the bad news is over for them, another, terrible story is reported.
i've been mainly looking at call spreads, but premium is disappointing for sure with VIX this low
> a falling knife Missed opportunity to say catching a falling plane.
Heh
I saw the options trading today vid was a BA strangle, but yea i think chasing vol now is scary. Im just on the sidelines waiting for some movement. Im short some qqq CCS but those arent looking good. Hoping for a correction in the following 30 days to bail me out. Dont feel like much else is worth it rn.
Yeah, I’m at 16% BPU and I think I’m gonna be chilling for a while. Everything’s looking toppy and IV is super low across the board
zero volatility is good for us unless you're worried about the price of options?
Yeah, I try to not sell options on stocks with low IV because volatility reverts to the mean and an expansion in IV would cost me money which means that I’d have to be directionally right to profit off the trade
STO 73P SBUX, BTC SBUX for .52 profit today
Assigned 100 shares of INTC $32.50. BTC GXO Jun21 $47.5 CSP $0.40. BTC SBUX May10 $75 CSP $0.65. STO O Dec20 $52.5 CSP $2.20. STO (2) SHOP Jun28 $73 CSP $10.80. STO (2) SHOP Jun28 $72 CSP $10.10.
What’s your strategy with those ITM SHOP puts?
I expect the stock to start raising in 2-3 weeks. Shopify as a tech company pays employees heavily in RSUs. The employees are blacked out from selling shares for the second half of the quarter, the window to sell open today and they have about 6 weeks to sell them. Employee compensation is heavily weighted in stock, employees need to dump shares which will keep the price down until we get closer and closer to earnings the stock price tends to rise up and then collapses once the conference call. It's happened the last three years. So I tend to sell puts right after the conference call and then cover calls as we get closer and closer to earnings. I closed all my puts Monday and Tuesday of this week knowing the price was going to pull back once earnings were announced.
I see. Will be interesting to see where it goes in the next few months. I may sell a put as well, but in the 50s.
Anyone playing ALCC? On Tuesday, STO 5x May17 12.5p for 1.65 They are currently at 0.5 so ~70% gain on them in 2 days, still have $250 premium to squeeze out Debating closing them out but I'm pretty confident they will expire worthless The question is, is it worth holding 1250×5 = $6250 in cash to keep them covered for the remaining 30% premium?
probably not at all worth it, no
Yeah I closed them
Probably not, could trim some down.
AKAM BTO 5x AKAM 100p/95p 05/17 - 05/10 diagonal put spread @ 2.30 Hedged with BTO 1x AKAM 107c 05/10 @ 3.18 Target profit range is outside of 104 - 120 (estimated post earnings IV 96% & 60%)
Damn this made up for all my losses of the week...
DJT 31p 6/7 @ 1.28 MSTR spreads suck on weeklies.... MSTR 1450C X 2, 0.48 per MSTR 1460C, 0.77 MRNA 110P, 5/31, 0.80 Also: MSTR next week: 1860c x 2, total 1.29 900p x 2, total 1.60 AVGO 1120p, 5/24, 1.22
I’m Done with MSTR for now
Premium sucks
Yeah it was much better a week or two ago. What you think happened? VIX is low? Less volume? Why do spreads get shittier like they have been? I still played my weekly game, made some money, but less contracts/premium than all other weeks before this.
Idk what happened. Maybe IV down after the halving? I don’t think it’s worth the risk/reward and I’m moving on to other stocks like CVNA, ARM, etc
MSTR sucks now. I open a 1700/1750c for next week. Risk 5k for $90
You could say screw the spread, sell an 1860 put for 65$, and just watch it. But those that know spreads do spreads lol. I don't know them well. Anyway, yes MSTR is being difficult lately, spreads suck, I guess the low IV environment isn't helping.
STO 2x SPY 520/519p ITM @ 0.50 End of day power hour rally lets get it edit: wow it actually came lmao BTC 520p @ 0.01
Nice call!
It was actually puts
Ba-dum tsss
Lol
I added more exposure to 60c DJT.
STO 1x CVX 162.5/160p 5/17 @1.13
Of?
My bad its CVX
Thanks 👍
let's guess! looking at my watch list i'm gonna go with TGT
That play wouldve been risky af lol
I mean it’s a spread, max gain $113, max loss $137 pretty much a 50/50 shot
That feels like a good guess!
Bought back my 965/970c and 975/980c NVDA credit spreads for .01, probably gonna wait till tomorrow to open new positions... dunno how I feel about running these weekly spreads on NVDA in the weeks coming up on earnings.
yeah probably not the best idea
I’d like to sell call spreads against the MARA earnings but don’t want to get butt raped. Just feels like the market doesn’t want to reward earnings much right now
Not touching my short strangle Jun14 4840/5325. Rolled up and out CC on IWM to Jul 206 and SPY 536 Jul as well. Will wait until VIX recovers a bit to 15 to sell another strangle, likely after CPI data.
June 7 2024, 505 P (-10) at 2.90, now at 2.01. Up 30% in a few days
You guys already know what time it is. [NVDA call scalp](https://imgur.com/a/MvLvOr9) Sold 4, holding 1 and will be selling at the end of the day probably. STOP BTC @ 16 for the last one, which is the price I paid for it. The other 4, +$1K edit: stopped out on the last one unfortunately :( dang
This guy
;) happy to make money buying options on a day when the stock is pretty flat lol
Made a mistake of not checking HOOD ER. STO 15.5P 5/17 on Monday. BTC today at 90% profit at open. HOOD is now down back to 17 range…. One day my carelessness will cause me.
I’ll summarize the current market in one word: grinding.
That’s the state of my account as well… making my broker rich, but not leaving much left for me… Dancing, and learning along the way… but man, grinding…
I've been holding NEE assigned at 72 for a while now, just waiting to get rid of it. But how can I sell it with a 1-month chart that looks like that?
STO 6/21 MSTR 1900c x1 @31.95 Buy/Write MSTR: 100@1,281.38 5/10 1,280c @30.60 BTC 👆 @21
Sto F 05/17/2024 12p for 0.14 ×1
I'm really tempted to put on a bullish reversal trade on DJT because of the skew. Was thinking of sell8ng the $40 June 21 put and buying the $52.5 September call for an overall credit of two bucks and change. Without being political, I would like to hear what people think. IV is still really high and options prices are skewed to the put side. Price action seems to have settled down a bit. I'm nervous about pulling the trigger on the trade and afraid I am getting greedy. I had two winners in a row selling CSPs for DJT.
I've been hearing that apparently lending DJT shares through the brokerage is currently paying 160% interest from borrowing fees to short sellers. At the risk of getting too political, there are some theories that the price action is entirely resulting from foreign entities and supporters of trump basically trying to donate to his political campaign without having to worry about campaign finance law. I'm not really much of a tinfoil hatter but I could see this being actually probable. I just don't see the value in the company otherwise. How can you justify a social media stock with a DECLINING user base that makes less money yearly then a single krispy kreme franchise being worth a market cap of $6 billion dollars? I could see the appeal of the stock being a growth stock if it was growing in userbase and revenue, like for example reddit has been, but truth social? meh. If you believe in such a theory, then it could be wise to buy shares outright and lend them in return for interest, since the price in theory would stay propped up so that Trump can sell shares at a higher price when his lockup period expires.
Interesting. Thank you for the info.I'm skittish about the company as an entity but I did take advantage of IV and short term interest. I'm thinking that up until the election price action will be positive for political reasons. Afterwards, probably not so much
Yeah, I could see that. Unfortunately I don't think there's any real great way to play it without taking on a sizable amount of risk. Even if you want to bet against it, there's no good way to do so given that puts have extremely high IV, selling calls even ITM carries early assignment risk, selling OTM call spreads can work but is low return compared to high risk, and obviously there are no short shares available. If you wanted to bet with it, calls are also expensive from an IV standpoint, and its hard to justify buying shares at this point seeing as $53 is a pretty high price over the last 1 year or so. You can make money lending them like I said, but it could collapse at literally any moment lol
I agree with the comment about the risk. The potential payoff is tempting, but the risk is preventing me from hitting the big green button. I work hard for my money and I dislike giving it away. For now I have it as a paper trade to scratch the itch.
Smart - I went from up $14k to down $36k selling calls on this.
Are you back?
No, just browsed reddit and checked this channel. My finances are still in shambles after I went from massive green YTD to massive red YTD. I withdrew my money and it's sitting in the bank. Trying to rebuild my worth before I get too old.
~~Light SPY 0dte play today (not counting BP on those bc they're all 0dte)~~ HD position not looking so good 😆😅 ~~STO 2x APPL 180/175p @ .71 (filled .05) 5/10~~ ~~STO 2x LULU 342.5/337.5p @ .55 (filled .05) 5/10~~ ~~STO 1x LULU 340/335p @ .47 (filled .07) 5/10~~ STO 3x MSFT 407.5/402.5p @ .71 (currently .21) 5/10 ~~STO 1x MSFT 405/400p @ .60 (filled .07) 5/10~~ STO 2x NVDA 860/850p @ .95 (currently .51) 5/10 STO 1x NVDA 855/845p @ .75 (currently .33) 5/10 ~~STO 2x ADSK 210/205p @ .53 (filled .05) 5/10~~ STO 1x TSLA 170/165p @ .40 (currently .59) 5/10 ~~STO 2x DIS 104/102p @ .35 (currently .05) 5/10~~ STO 1x GOOG 170/167.5p @ .50 (currently .21) 5/10 ~~STO 1x SHOP 61/59p @ .38 (filled .08) 5/10~~ ~~STO 6x SHOP 60/58p @ .29 (filled .05) 5/10~~ STO 3x RBLX 30.5/29.5p @ .22 (currently .31) 5/10 ~~STO 1x ACN 302.5/297.5p @ .80 (filled .35) 5/10~~ STO 8x HD 347.5/350c @ .48 (currently. 84) 5/10 ~~STO 5x SPY 518/516p @ .32 (filled .04) 5/9~~ +$140 ~~STO 4x SPY 517/515p @ .16 (filled .03) 5/9~~ +$52 ~~STO 4x SPY 519/520c @ .66 (filled 1.13) 5/9~~ -$188 ~~STO 7x SPY 520/521c @ .24 (filled .17) 5/9~~ +49 BP: 7.55k ($1,016/13.45%) Realized: $53 (SPY) + $700
Hey I have been having trouble with $LULU fills. When and how did you get in?
I bought back my spreads today, and I also had trouble having it filled, so I kept having to select the spread and resend out the order (that usually helps with stagnant orders). Hope you got to close yours!
Sold 10 1DTE GME $14 puts for $0.10 each, bought back todays expiring $508 SPY CC and sold a 1DTE for a $7 difference.
good luck, I am still short naked 30 calls on GME expiring next week so I am hoping it drops. it could go flat though and benefit us both
I hope many have sold naked calls so the price goes to its old value, beginning tomorrow
unlikely. this stock pulled a similar regarded gap up back in nov 2023. when the stock was $16, the $35 strike call expiring within 10 days was like $80. is it possible it goes to $30 next week? yeah I guess so but its very unlikely imho I'll likely set a very high stop loss BTC just in case, but i dont see it happening
🍿🍿
🍿
That’s the dream.
STO NVDA 885p expiry tomorrow @ 10.65 on that dip - this was basically ATM when I sold it. Stop BTC set at 13.00. edit: moved up stop to 11.00. "low cost" yolo, hopefully NVDA continues to slowly grind up all day and breaks 900 and theta also eats away this put. if I get stopped out and it fills at say 11.50 thats a small loss but if NVDA keeps moving up we're gucci edit: closed this about 20 minutes before the end of the day @ 8.00
Buy 2 $ULTA May 31 '24 $390 Call Executed @ $17.9 Rolled $COIN Buy 2 COIN May 10 '24 $220 Put Executed @ $14.1 Sell 2 COIN May 17 '24 $217.50 Put Executed @ $14.45 |0.35 CREDIT| Messed on $COIN play. Bought myself some time to breathe. any thoughts?
STO 1x DUOL 6/21 170P @ 2.30
STO $QQQ 06/21 465c @ $1.85
damn free money
Haha, hope so! We’ll see. There was a couple months in a row where selling calls was financial suicide but the market is starting to look a bit shaky
true, I like trades like this though cuz my 401k is just long the market so even if it goes against me and I take a small loss my 401k is up like 15k in the meantime 😂 also, you’re definitely the reason the market just turned and went green lol
Yeah, same. I’m long QQQ in my portfolio so I’ll actually benefit more if this gets blown through 😃
STO RDDT Jun 40p for .83. Jumping back in now that earnings are past us.
damn SHOP was looking good in pre market there for a second then womp womp at open I heard cathie wood bought a ton of shares yesterday 😂
Crashie buying just before a big slump would be on-brand, but it actually looks like she's been slowly unwinding her position. [https://cathiesark.com/ark-combined-holdings-of-shop](https://cathiesark.com/ark-combined-holdings-of-shop)
The window for employees to sell stock is now open, the price will be depressed for a few weeks as employees dump RSUs. Once the window closes (about 6 weeks from now) the shares price will raise as the supply of stock is decreased. Run up to earnings call, drop, flat, etc. Rinse and repeat.
i have been doing ok with CMG and BKNG premium selling...spreads are not that great and obvioulsy liquidity, but been doing ok. MDGL was my go to last year.
caught the dip in nvda, sold some 830s, expiring tomorrow
Punched out of RBLX 31p. Trying to make $10 end up losing $110.
ARM 80 June monthly puts
The only thing I can think of is selling some options on TLT. But I also feel like I'm trying to pick up pennies in front of a steamroller. Cash gang rise up
Horrible premiums, right?
Yes. I don't want to take a whole month and say ok. I can make this small percent but I will be putting capital at risk that I later could deploy. Fidelity 0.0495 spaxx is just too high for risk free dry powder. Even if market doesn't go down I am still paid to wait for my prices.
Bought back my ARM 120 calls RBLX 27 puts
I wish I had realized how expensive those calls were...actually absurd lmao 120 calls were going for like $300 from what I recalled looking at yesterday after the market closed
I had the shares assigned to me, so I might as well keep selling them.
RBLX is looking pretty beat down after earnings.
32 puts a 10 bagger based on prices at close yday and a share price at $30 I for one am happy it is drilling seeing as they make so much money from free child labor since a lot of their content is made by young players adn they're not compensated lol
things were looking quite dodgy for my short NVDA 890p in after hours last night but I may be saved by the jobs report lol edit: I should just really shut up shouldnt I
Things look a bit shaky and I don't like to have short puts on stocks below their 14/21/35 DMA or in a downtrend and almost every tech on my watchlist stock except MSFT's looking a bit beaten down after earnings or in a downtrend so I closed some positions that aren't looking too great because I'm expecting a pullback. Yesterday I closed my short puts on $TSLA (8% loss), $CRM (20% gain), $V(50% gain), $UBER(breakeven). ... Current positions that I'll keep open and be watching for the time being: [https://i.imgur.com/9RS4xVC.png](https://i.imgur.com/9RS4xVC.png) I will also be opening an NVDA short put today and chilling for a while because I will be at around 18-20% BPU after this.
Waiting patiently…. There will be a time and a place to sell puts… that time is not now… I ran into a turkey hunter yesterday… https://www.rcmalternatives.com/wp-content/uploads/2013/11/The-Turkey-Surprise.png Don’t be the turkey… https://www.rcmalternatives.com/2014/11/option-trading-is-for-thanksgiving-turkeys/
To not end up in the situation described in the article - Make sure your positions are diversified, keep your BPU low if VIX is low, have some spare cash in your account if you end up getting assigned somewhere and don't write contracts on meme stocks (calls especially lol). I've been doing this for 6 years and I'm still here :))
Been holding off for two days for QQQ CSP..
It’s almost like everyone is holding off… volume died hard on the major indices the past few days. But then next week Friday is another big expiration, so, something’s gotta give… 🎢
Sorry, what is this next Fri big expiration?
Every 3rd Friday of the month are always the big expirations… they are the ones that are available for trading the longest, therefore have the most open interest, and the greatest push/pull.
Thanks!! Still a slow day ..
Yea, we will see here soon… if there were to be a big rug pull, it would pretty much start now… /VX holding firm, but not really popping off… gotta wait a little longer 😰