- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Options Trading Thread
Posted on 9/14/22 at 11:02 am
Posted on 9/14/22 at 11:02 am
Going to try this thread again. There was one a while ago, but it died.
Positions:
APRN:
Sold put at $6 strike
Premium collected: 1.30
Expiration Date: October 21
Sold call spread at $6/$8 strike
Premium collected: 0.45
Expiration Date: October 21
CLOSED TRADE.
PNL After Commission: -$45
PRTY
Sold put at $2.5 strike
Premium collected: 0.55
Expiration Date: October 21
Sold call spread at $2/$3 strike
Premium collected: 0.25
Expiration Date: October 21
Sold call spread at $2/$4 strike
Premium collected: 0.30
Expiration Date: October 21.
CLOSED Trade
PNL After Commission: $-39
SOXL
Sold put spread at $12/$4 strike
Premium collected: 1.46
Expiration Date: October 21
Sold put spread at $10/$3 strike
Premium collected: .81
Expiration Date: October 21
Sold call spread at $10.5/$12 strike
Premium collected: .18
Expiration Date: September 30
UVXY
Sold vertical call spread at $11/$15 strike
Premium collected: 0.65
Expiration Date: October 21
PNL After Commission: $-7
Changed this is to a $10/15 strike on Sept. 15th
New Premium collected: 1.06
Expiration Date: October 21
Sold 3 call spreads at $13/$14 strike
Premium collected: .75
Expiration Date: November 28
AMD
Already closed: A sold $80/$60 put spread
Premium collected: 3.51
Bought to cover price: 3.07
PNL After Commission: +$41
AAPL
Sold Vertical Put Spread at $138/$134 strike
Premium Collected: 0.45
Expiration Date: October 21
Sold Vertical Call Spread at $149/$150 strike
Premium Collected: 0.38
Expiration Date: September 30th (more of a trade into resistance)
Positions:
APRN:
Sold put at $6 strike
Premium collected: 1.30
Expiration Date: October 21
Sold call spread at $6/$8 strike
Premium collected: 0.45
Expiration Date: October 21
CLOSED TRADE.
PNL After Commission: -$45
PRTY
Sold put at $2.5 strike
Premium collected: 0.55
Expiration Date: October 21
Sold call spread at $2/$3 strike
Premium collected: 0.25
Expiration Date: October 21
Sold call spread at $2/$4 strike
Premium collected: 0.30
Expiration Date: October 21.
CLOSED Trade
PNL After Commission: $-39
SOXL
Sold put spread at $12/$4 strike
Premium collected: 1.46
Expiration Date: October 21
Sold put spread at $10/$3 strike
Premium collected: .81
Expiration Date: October 21
Sold call spread at $10.5/$12 strike
Premium collected: .18
Expiration Date: September 30
UVXY
Sold vertical call spread at $11/$15 strike
Premium collected: 0.65
Expiration Date: October 21
PNL After Commission: $-7
Changed this is to a $10/15 strike on Sept. 15th
New Premium collected: 1.06
Expiration Date: October 21
Sold 3 call spreads at $13/$14 strike
Premium collected: .75
Expiration Date: November 28
AMD
Already closed: A sold $80/$60 put spread
Premium collected: 3.51
Bought to cover price: 3.07
PNL After Commission: +$41
AAPL
Sold Vertical Put Spread at $138/$134 strike
Premium Collected: 0.45
Expiration Date: October 21
Sold Vertical Call Spread at $149/$150 strike
Premium Collected: 0.38
Expiration Date: September 30th (more of a trade into resistance)
This post was edited on 9/28/22 at 11:11 am
11
Posted on 9/14/22 at 4:39 pm to LSUtoOmaha
Great thread! 
Hopefully we can keep this one going. If people only realized… but to each his own. I’ll never suggest that someone get into something that they don’t understand or aren’t comfortable with, for risk aversion or other reasons. But I do encourage people to try to learn more about the overall options markets. Much of what happens in the equity markets is at least somewhat related to what happens in the options markets… like yesterday.
Maybe thatguy777 will see this one and chime in too. I like that he typically goes long, while I’m typically short options, and often we’ve both made money on the same underlyings with the same expirations (just different strikes). I also believe Frogtown and a couple of other guys are active options traders.
Here are some of the ones I’ve currently got on (all shorts):
AAPL 9/16 160 calls
NVDA 9/16 127 puts
AMD 9/23 97/73 strangle
AMD 10/21 115 calls
AMZN 10/21 99 puts
SQ 9/23 93/62 strangle
TSLA 10/21 416.67/186.67 strangle
IBM 10/7 120 puts
PAG 10/21 130 calls
MO 9/30 49/39 strangle
MO 10/7 39 puts
LAC 9/16 22.5 puts
LAC 10/21 22.5 puts
BP 9/16 34.5 calls
BP 10/21 35 calls
KMI 9/16 19/17 strangle
CHPT 9/16 13.5 puts
LICY 10/21 6 puts
ARCC 9/16 18 puts
RUN 9/16 25 puts
Hopefully we can keep this one going. If people only realized… but to each his own. I’ll never suggest that someone get into something that they don’t understand or aren’t comfortable with, for risk aversion or other reasons. But I do encourage people to try to learn more about the overall options markets. Much of what happens in the equity markets is at least somewhat related to what happens in the options markets… like yesterday. Maybe thatguy777 will see this one and chime in too. I like that he typically goes long, while I’m typically short options, and often we’ve both made money on the same underlyings with the same expirations (just different strikes). I also believe Frogtown and a couple of other guys are active options traders.
Here are some of the ones I’ve currently got on (all shorts):
AAPL 9/16 160 calls
NVDA 9/16 127 puts
AMD 9/23 97/73 strangle
AMD 10/21 115 calls
AMZN 10/21 99 puts
SQ 9/23 93/62 strangle
TSLA 10/21 416.67/186.67 strangle
IBM 10/7 120 puts
PAG 10/21 130 calls
MO 9/30 49/39 strangle
MO 10/7 39 puts
LAC 9/16 22.5 puts
LAC 10/21 22.5 puts
BP 9/16 34.5 calls
BP 10/21 35 calls
KMI 9/16 19/17 strangle
CHPT 9/16 13.5 puts
LICY 10/21 6 puts
ARCC 9/16 18 puts
RUN 9/16 25 puts
Posted on 9/14/22 at 5:12 pm to LSUtoOmaha
what's up
so I have been watching SPX and QQQ puts for awhile to get a feel for how they move ... thinking of jumping in as I have only played inverse ETFs to this point
Have y'all ever actually exercised a put or call to take the shares to market? One thing guys I know that trade options is "we never exercise em - win or lose with em"
so I have been watching SPX and QQQ puts for awhile to get a feel for how they move ... thinking of jumping in as I have only played inverse ETFs to this point
Have y'all ever actually exercised a put or call to take the shares to market? One thing guys I know that trade options is "we never exercise em - win or lose with em"
Posted on 9/14/22 at 5:27 pm to Shankopotomus
I've never exercised. The only time I plan to is if I'm going to be assigned shares of a company I like and don't mind being long to begin with. (If selling puts and price closes below your strike price on the expiration date).
Posted on 9/14/22 at 5:29 pm to LSUtoOmaha
Here is my board. Long oil and nat gas and short the market pretty much. All defined risk.
Diagonals. All calls. I do short positions on these calls every month.
VET Dec 10/Oct 27.5
CTRA Jan 2023 26.5/Sept 32
CRK Jan 2023 12/Sept 20
PR Jan 2024 7/ Oct 10
UAA Jan 2024 7.5/ Oct 10
Vale Jan 2024 13/ Sept 13.5
Long diagonals on oil and gas have worked for me the last 12 months. In Sept 2021 I bought 45 Dec 2022 VET calls at the 10 strike for $2 a piece. a $9K investment. At the time the stock was at $9. The stock is now trading north of $25. By the time this trade is over I should make about 70K. Also, I paid off my initial $9K investment selling calls every month.
This is one reason I like long diagonals. Get long calls and generate income every month.
Bull put spread
VET Oct 22.5/25
VET Jan 2023 22.5/25
Call spread
VET Jan 2023 20/25
PR Oct 8/9
Lots of VET. You have to go with your best idea.
I usually have about 10-12 positions. I had short positions on SPY and Ford(F) I sold yesterday. I have been playing SPY with put spreads on the high side around 420. That has worked except for when SPY spiked to 430 recently.
I think we are going back down on the S&P over the next three months. Maybe re-test the 3600 level. Will be doing a calendar spread or whatever I like.
Diagonals. All calls. I do short positions on these calls every month.
VET Dec 10/Oct 27.5
CTRA Jan 2023 26.5/Sept 32
CRK Jan 2023 12/Sept 20
PR Jan 2024 7/ Oct 10
UAA Jan 2024 7.5/ Oct 10
Vale Jan 2024 13/ Sept 13.5
Long diagonals on oil and gas have worked for me the last 12 months. In Sept 2021 I bought 45 Dec 2022 VET calls at the 10 strike for $2 a piece. a $9K investment. At the time the stock was at $9. The stock is now trading north of $25. By the time this trade is over I should make about 70K. Also, I paid off my initial $9K investment selling calls every month.
This is one reason I like long diagonals. Get long calls and generate income every month.
Bull put spread
VET Oct 22.5/25
VET Jan 2023 22.5/25
Call spread
VET Jan 2023 20/25
PR Oct 8/9
Lots of VET. You have to go with your best idea.
I usually have about 10-12 positions. I had short positions on SPY and Ford(F) I sold yesterday. I have been playing SPY with put spreads on the high side around 420. That has worked except for when SPY spiked to 430 recently.
I think we are going back down on the S&P over the next three months. Maybe re-test the 3600 level. Will be doing a calendar spread or whatever I like.
This post was edited on 9/14/22 at 6:02 pm
Posted on 9/14/22 at 8:32 pm to frogtown
Good to see another strategy. I like the concept of diagonals.
I noticed your short calls are within the next month or two; and the longs are 2024. Are you typically putting on new short calls every month if the previous month expires worthless?
I noticed your short calls are within the next month or two; and the longs are 2024. Are you typically putting on new short calls every month if the previous month expires worthless?
This post was edited on 9/14/22 at 8:35 pm
Posted on 9/14/22 at 8:51 pm to LSUtoOmaha
Options are where the real money is made or lost now. I’ve been trading options for about 30 years. The game has definitely changed since I started. Brokerage fees and commissions were much higher and the spreads much wider in the past with fractional quotes. In the beginning I could not trade from a website and had to call the broker to place the order and they would call back if the order was executed. Since options move fast you can just imagine how much better it is to trade confidently with today’s platforms, real time quotes, and decimal point trading. Has completely opened up and allowed efficient option trading to the average investor.
Guess I just wanted to let the younger people know how lucky they are as option traders today.
I mostly employ neutral option strategies. Volatility is what I trade.
Guess I just wanted to let the younger people know how lucky they are as option traders today.
I mostly employ neutral option strategies. Volatility is what I trade.
Posted on 9/14/22 at 9:24 pm to LSUtoOmaha
quote:
I noticed your short calls are within the next month or two; and the longs are 2024. Are you typically putting on new short calls every month if the previous month expires worthless?
Yep.
Here is an example. I am long 15 Jan 2024 UAA 7.5 calls. Cost $6K. The May, June, July, Sept short calls that I sold against it have expired worthless. I will continue to do this every month. At some point the stock will go up and I will have to roll.
Sold Calls
STO UAA May 20 2022 12 calls 10 $0.31 $310.00
STO UAA June 17 2022 11 calls 12 $0.23 $276.00
STO UAA July 15 2022 10 calls 15 $0.14 $210.00
STO UAA Sept 2 2022 10.5 calls 15 $0.25 $375.00
UAA Sept 2 2022 10.5/13.5 bear 15 $0.13 $195.00
UAA Oct 21 2022 10/12.5 bfly 30/15 $0.21 $300.00
total $1,666.00
This is my worst performer(UAA) but best example. Hope you get the concept.
I expect this stock to go back to the $15-$20 range. When it does I will reap the benefit. I still have these calls for 16 months.
This post was edited on 9/15/22 at 7:04 am
Posted on 9/14/22 at 9:46 pm to frogtown
Shoot, you may be able to fully pay for the long calls through your credits
Posted on 9/14/22 at 10:30 pm to frogtown
quote:
In Sept 2021 I bought 45 Dec 2022 VET calls at the 10 strike for $2 a piece. a $9K investment. At the time the stock was at $9. The stock is now trading north of $25. By the time this trade is over I should make about 70K. Also, I paid off my initial $9K investment selling calls every month.
I like what I see there.
Posted on 9/15/22 at 4:07 am to LSUtoOmaha
I've been daytrading SPY options since February. Just with a tiny account under $1k until I become consistent, which could take years. Huge learning curve with daytrading but I really enjoy it.
Any other options daytraders here?
Any other options daytraders here?
Posted on 9/15/22 at 6:43 am to SM1010
I tried it with SPY but just broke even.
Posted on 9/15/22 at 9:44 am to LSUtoOmaha
I've been wanting to learn more about options trading, but up to this point I've not put in the time to learn about the different strategies. Do you guys have advice/recommendations of good sources to learn this stuff?
Posted on 9/15/22 at 11:50 am to LSUDMD
McMillan on Options
LINK
and
Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition 2nd Edition
LINK
You may want to do a google search for the books - I'm sure there are PDFs available.
The second book is for more advanced strategies. I would start with the first book.
Tasty Trade
LINK
Also has a lot of decent content around options on their YouTube.
My recommendations will change once you have more experience - there are a lot of secondary greeks that are very useful to know and understand.
Best Regards
LINK
and
Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition 2nd Edition
LINK
You may want to do a google search for the books - I'm sure there are PDFs available.
The second book is for more advanced strategies. I would start with the first book.
Tasty Trade
LINK
Also has a lot of decent content around options on their YouTube.
My recommendations will change once you have more experience - there are a lot of secondary greeks that are very useful to know and understand.
Best Regards
This post was edited on 9/15/22 at 11:52 am
Posted on 9/15/22 at 12:21 pm to LSUtoOmaha
Bought a throwaway put on SOXL at $4 to free up some margin
Posted on 9/15/22 at 12:22 pm to Jag_Warrior
Jag, on your strangles how much margin is being used
Posted on 9/15/22 at 1:05 pm to LSUtoOmaha
Using the SQ 9/23 93/62 strangle as an example, about $700 per contract in “buying power reduction”. It probably looks like an oddly low figure, but it’s because I have portfolio margin.
Posted on 9/15/22 at 2:20 pm to Jag_Warrior
That does look insanely low
Posted on 9/15/22 at 4:01 pm to LSUtoOmaha
Sold
QQQ 300 P
QQQ 300 C
QQQ 285 P
I’m fricked
QQQ 300 P
QQQ 300 C
QQQ 285 P
I’m fricked
Posted on 9/15/22 at 8:33 pm to Retrograde
What expiration?
Page 1 of 73
Popular
Back to top
Follow TigerDroppings for LSU Football News