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re: All About OPTIONS - THREAD
Posted on 12/14/21 at 3:55 pm to LSUtoOmaha
Posted on 12/14/21 at 3:55 pm to LSUtoOmaha
Bought back the SQ and ARKK spreads to close out the trade. Nice wins there. Also closed LULU iron condor for small loss. Holding FB sold put spread and Iron Condor still. I have a feeling FB may have bottomed given its relative strength so I may close out the call spread portion of the IC tomorrow.
1
Posted on 12/15/21 at 9:35 am to LSUtoOmaha
Got completely out of the FB iron condor for a very small gain.
Current holdings, all with January expiration, are:
FB short put spread
WMT short put spread
IWM short credit spread (added this due to FED randomness and a weak chart)
Current holdings, all with January expiration, are:
FB short put spread
WMT short put spread
IWM short credit spread (added this due to FED randomness and a weak chart)
Posted on 12/16/21 at 4:21 pm to LSUtoOmaha
Closed the WMT short put spread for a sizable gain.
FB and IWM positions are both close to flat and cancel each other out right now.
FB and IWM positions are both close to flat and cancel each other out right now.
This post was edited on 12/16/21 at 4:22 pm
Posted on 12/20/21 at 10:52 am to LSUtoOmaha
Closed IWM position for a slight gain. FB short put is now in the red. I'll continue to hold it.
Initiated VXX put position on this large spike. 30 day expiration, $27 strike.
Initiated VXX put position on this large spike. 30 day expiration, $27 strike.
Posted on 12/21/21 at 8:16 am to LSUStjames
quote:
LEAPS as a leveraged investment...
If the market does pullback in Q1 15-20% like everyone is speculating, when I "buy the dip", considering just buying leaps instead of shares. Better leverage. I could then sell calls against the leaps (PMCC).
My question is typically in a PMCC you are buying deep ITM with .9 delta so that way if your shot position is challenged, your long position moves in line with stock and you can close the entire spread.
I was considering going 10% OTM here instead which would put me at around .45 delta. I would then just hold pat until my delta rose closer to .8 then start selling CCs.
Thoughts?
You're not factoring in theta.
Good article explaining how Theta impacts the other Greeks
Posted on 12/22/21 at 5:48 pm to Brobocop
Day traded TSLA today +$1113 
Posted on 12/23/21 at 6:57 am to AUViclic
I have 255 $80 call options for Dec 31 for AMC.
Pretty sure those are toast.
Pretty sure those are toast.
Posted on 12/23/21 at 9:26 am to Gideon Swashbuckler
I got into options about 5-6 months ago. I've been doing okay but I no longer touch weeklies. I only trade SPY at the moment but will branch out. Spy has been rough for me with less than 25k with it's overnight craziness. I recently changed to cash account and waiting for my spy calls to recover then start anew.
Posted on 1/1/22 at 7:35 pm to Hu_Flung_Pu
Looking for ideas for writing some cash secured puts.
I’m thinking about INTC.
Stock has lagged, but I think the chip demand will help the company long term.
I’m thinking about INTC.
Stock has lagged, but I think the chip demand will help the company long term.
Posted on 1/1/22 at 7:57 pm to makersmark1
Anyone use ratio spreads rather than naked puts? Less credit if it goes straight up, but more credit or better breakeven if it goes down.
Posted on 1/2/22 at 3:05 pm to Brobocop
So are you making money on the actual stock price or the premium you buy the itm call at?
Posted on 1/5/22 at 6:50 pm to dgnx6
How many of y’all got kicked in the nuts today? Here here.
Posted on 1/5/22 at 7:04 pm to Dodd
I was preparing to buy a bunch of different LEAPS today but my funds won't clear for another 24 hours. Saved me a ton of money 
Posted on 1/5/22 at 7:10 pm to Azazello
I went 30% cash yesterday after decent gains. Boy am I glad. Would have been so much worse.
Posted on 1/5/22 at 8:18 pm to Dodd
quote:
How many of y’all got kicked in the nuts today?
I’ve had my nuts kicked and drug over a cheese grater since November when I got short the market. The Santa Clause rally kicked my arse. Now my short positions are starting to pay off. All I did was go to Finviz and screen by EPS. Picked some of the ridiculously high multiple stocks and bought puts. I use AAPL & MSFT sorta as a benchmark. They’re basically 30x earnings and if a stock is 3 times that (basically 100 or over) then I took those trades. Focused on tickers where shares were $300+ and the options market was liquid (semi).
Posted on 1/6/22 at 1:52 am to TchoupitoulasTiger
What names, strikes, and expiry did you do? When did you buy them - in November?
Posted on 1/6/22 at 2:53 pm to Dodd
I actually made money today with RIVN puts, it was a momentum play when I saw Spy tank and the rest of the market follow. RIVN has been pretty weak relative to the S&P and a stiff breeze will send it tanking.
I also jumped into a few LEAPS close to the bottom.
I also jumped into a few LEAPS close to the bottom.
Posted on 1/6/22 at 5:34 pm to LSUStjames
Same with RIVN puts. I decided to get in them this morning too and made $1.65 per in less than 15 minutes, but did not buy anywhere near enough.
Didn't want to be too greedy, especially since I was down in most names and I got a late heads up on RIVN
Didn't want to be too greedy, especially since I was down in most names and I got a late heads up on RIVN
Posted on 1/6/22 at 10:22 pm to tigerfan4444
My largest is ZS $280 P
HUBS $500 P
SPLK 100 P - all January exp.
But my personal favorite, a conviction short was DOGZ $7 P. For those that aren’t familiar with the ticker, DOGZ is a Chinese dog collar company. This took me 3 times, having to close out positions. It got pumped for about 6 weeks… then… it was epic.
HUBS $500 P
SPLK 100 P - all January exp.
But my personal favorite, a conviction short was DOGZ $7 P. For those that aren’t familiar with the ticker, DOGZ is a Chinese dog collar company. This took me 3 times, having to close out positions. It got pumped for about 6 weeks… then… it was epic.
Posted on 1/13/22 at 8:51 pm to Brobocop
Just an FYI:
NEW YORK (Reuters) - A surge in options trading by individual investors helped lift market volumes to record highs in 2021, but it also made trading the derivatives more difficult for many institutional investors, according to a Coalition Greenwich study released on Wednesday.
Options volumes soared to a record 9.87 billion contracts last year, a 32.2% increase over 2020, which was itself a record-setting year for volumes, Options Clearing Corp data showed.
The number of individual options account holders grew to the highest levels ever last year, and the amount of smaller trades, which are indicative of retail trades, increased to significant levels of market share, said Shane Swanson, senior market structure and technology analyst at Coalition Greenwich.
NEW YORK (Reuters) - A surge in options trading by individual investors helped lift market volumes to record highs in 2021, but it also made trading the derivatives more difficult for many institutional investors, according to a Coalition Greenwich study released on Wednesday.
Options volumes soared to a record 9.87 billion contracts last year, a 32.2% increase over 2020, which was itself a record-setting year for volumes, Options Clearing Corp data showed.
The number of individual options account holders grew to the highest levels ever last year, and the amount of smaller trades, which are indicative of retail trades, increased to significant levels of market share, said Shane Swanson, senior market structure and technology analyst at Coalition Greenwich.
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