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re: Options Trading Thread

Posted on 4/9/24 at 11:19 am to
Posted by BCreed1
Alabama
Member since Jan 2024
1288 posts
Posted on 4/9/24 at 11:19 am to
quote:

Nice buy/sell trades.


Thank you!

quote:

As far as ROKU goes, like you, I expected stronger support and for it to remain in that range.



I really did too. Today it's up to 63.20 (4%) I do have a PMCC on Roku that I sell calls on weekly or every other week.


quote:

We’re seeing a nice pick up in the VIX today. Back above 16 and climbing with this early session sell off - so premiums are getting rich(er). Unlike last week (economic news), traders seem to be hitting the exits early today and not waiting for tomorrow’s announcement. I’m selling relatively light far OTM 0DTE SPX put spread positions into this.



Purchased my first SPY debit spread after the sell off. Ends friday, and up 22% right now. 315/517
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 4/9/24 at 12:06 pm to
quote:

Purchased my first SPY debit spread after the sell off. Ends friday, and up 22% right now. 315/517


Nice. Any post-purchase pop in vol/VIX should be your friend. Do you have a sell target price?

With the comeback in the SPX, I threw on two fairly large lots of 0DTE SPX call spreads. I see the risk being more to the downside on a day like today. So far, so good.
This post was edited on 4/9/24 at 12:10 pm
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