re: Options Trading Thread

I've been experimenting with Option Alpha bots for trades. Their Expected Value Trade Ideas screen is sweet.

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I've been experimenting with Option Alpha bots for trades. Their Expected Value Trade Ideas screen is sweet.

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I still haven't ventured into the bots, but now that they have connectivity to tasty trade I need to get on it. A bot can't do any worse than me, ha!

Just traded calls on ARM for a one day ~300% gain. My best trade likely ever.

Premium hunters this is a good one. I sold some $100 puts last week as well.

I laddered short call verticals on SPX, but I established those positions too early. They look nice this morning, but if I’d waited a week or so, I’d be killing it.

Today’s session is “interesting”. My longer dated SPX SCVs are plummeting in value with the sell off (though the spike in the VIX is giving them a bit of juice). So mucho happiness there. And on the flip side, I launched several large lots of 0DTE SPX SPVs this morning as the downward action intensified. Right now, those look decent, but the red is getting brighter fairly quickly on the S&P.

As long as there’s not total insanity over the next couple of hours, this should be the best overall day that I’ve had this year.

The market was getting fairly well overbought. IMO, the froth and exuberance had to give way at some point… but I was beginning to wonder when (as I watched my SPX short call verticals soar in price!). Thankfully 5050 was handily rejected. Now we’ve crashed back through 5000. Whether or not the S&P can maintain a level around 4950 at the close will be interesting.

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Whether or not the S&P can maintain a level around 4950 at the close will be interesting.

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Really interesting market action in the final hour as the S&P got down to 4920 and then bounced with conviction back above 4950. The VIX almost touched 18 today, but settled back to 15.85. I'd like to see it back around 20, but I'll take what is given.

Depending on strategy and pricing/delta placement, today was likely a very good day for us short premium folks.

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ust traded calls on ARM for a one day ~300% gain. My best trade likely ever.

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Awesome. I shorted it after the jump up. Put spreads. Very nice today

Fresh 52 week high today on the mothership: CBOE closed at 191.72

And no, none of my higher delta short puts got assigned. This is one that I should have just bought outright in my investment account back when it was in the high 170s/low 180s. For a longer term hold, I might still take a long stock position in this area.

Thankfully the 2/23 short call verticals that I’ve been holding on SPX have (finally!) gotten back down to a nice profit level (13.8 delta), after soaring to a 50+ delta last week. And today’s 0DTE SPX short put verticals turned to dust by about 2PM. Nice to not be stressed after a rough personal week with a death in the family.

Jag.... im going in on PANW. They beat on earnings but gave a poor outlook for 2024. It dropped 70 plus dollars.



Will go to 2026 for the long and sell weeklies.

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Jag.... im going in on PANW. They beat on earnings but gave a poor outlook for 2024. It dropped 70 plus dollars.

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I saw that and I saw the premiums! I mean, they are off the chart!

May join you on that one!