re: Calling all Traders

Been sick for over a week, so all I had the energy to do was put on some short strangles and iron condors on AMZN, BA, SBUX and a put spread on AAPL.

Long APO

Futures down big. Tomorrow may be a nice buying opportunity

I'll check it out.

He’s kind of spastic and doesn’t finish sentences. But once you get past that, it’s an interesting interview. I’d even call it inspiring.

Say, have either one of you ever considered hooking up with SMB Capital? Both of you also seem to take trading seriously - that’s the kind of traders that SMB backs. It’s a prop trading firm headquartered in NYC. I got an email yesterday from an acquaintance about them. Once I go into full retirement, I might consider something like that. I wouldn’t move to NY, but they do satellites too.

I have never really considered it. While I love trading options, I have a full time job that pays pretty well with enough flexibility to focus more on trading at certain times of the year.

I am still in the first half of my 30s so you never know. But I would like to trade from home when I get older and retire.

This market has been wild. I have done a few intraday trades lately and been able to make a little. Went long in a couple spots, but mostly going short on a few things. Like you have mentioned with vol high and premiums skyrocketing in some instances short puts have been lucrative in certain spots on higher quality names.

I also got burned on a few positions on that Monday when it all started. Luckily, and surely by not too much coincidence, it happened the Monday after Feb opex and most of my positions were closed the prior week.

Good luck to all out there. Money to be made right now.

Does holding positions across the weekend make you as nervous as a cat with no claws in a room full of Dobermans?

Challenging and hard to trade, my friend. This has been a good week though, net-net. But I've had to do everything directional here lately - no more neutral strangle type trades. Yeah, Vol has dropped, but there are still enough outsized crazy moves in individual equities that I don't want to take the risk of having one of the two legs blow up in my face. I'd rather just go directional (at a 10 delta or less, instead of my normal 15-20) and manage my risk day to day.

I'm sticking with bigger, more stable or "predictable" names (like that means anything these days): MSFT, AMZN, JPM, etc. I'm leaning bullish on those names for now. I just sold a covered call on NFLX and I may play it during earnings the following week.

But yeah, I'm not hanging around in trades too long either. Taking profits while they're there. I don't like holding across a long weekend, but I'm trying to get a short put spread on AMZN for next week. We'll see if it hits. Also, maybe against my better judgement, I may start playing some intraday options trading - short and long... new territory for me.

Hang in there.

yeah the only position i'm hanging on to today is SHOP at 380. everything else i was up on i just sold

What a week. It’s been nuts. Cheers to the traders. I have been locked in and had a good week. Hope all is well with y’all.