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re: Options Trading Thread

Posted on 4/9/24 at 1:15 pm to
Posted by BCreed1
Alabama
Member since Jan 2024
1288 posts
Posted on 4/9/24 at 1:15 pm to
quote:

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



I do more of a percentage.. between 35% up. I have never been "greedy". Profit is profit. Advise on that?


quote:

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.



Nice. I almost did 0 day on spy. but felt like we will get a bump after the CPI tomorrow.

Watching AMZN for a debit spread if the slight drop off becomes bigger at the end of the day.
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 4/9/24 at 3:13 pm to
quote:

I do more of a percentage.. between 35% up. I have never been "greedy". Profit is profit. Advise on that?


Not really. Especially with shorter dated options, gamma can get wild. So establishing an acceptable percentage profit target, and sticking to it, is certainly the wiser strategy than falling prey to greed.
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