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re: Options Trading Thread

Posted on 3/8/24 at 5:06 pm to
Posted by LSUcam7
FL
Member since Sep 2016
7915 posts
Posted on 3/8/24 at 5:06 pm to
If you bought 0DTE, OOM NVDA puts this morning, you would have 100-200x your money.

The 900P at the lows were around $0.13. Closed around $23, 5 hours later

ETA: I didn’t buy any. Nor did I go long puts on ARM yesterday, like I was deliberating above. Instead I bought a Uranium miner ETF, which dropped 5% today.
This post was edited on 3/8/24 at 5:10 pm
Posted by Jag_Warrior
Virginia
Member since May 2015
4152 posts
Posted on 3/9/24 at 3:49 pm to
quote:

Instead I bought a Uranium miner ETF, which dropped 5% today.


URNM? I just noticed that it was down 5.2%. I’ve been trying to sell puts on it for over a week. But the IV hasn’t gotten high enough to give decent premium, even with this recent sell off. I had URA for several years in an investment account (looks like all uranium plays took a hit yesterday), and steadily sold calls against it the whole time. But it finally got called away with the big rally in that sector a few months back.

A bit of excitement with the SPX 0DTE trades this week. But all’s well that ends well (I guess).
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