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Started By
Message
Covered Calls, Wheeling, Theta Gang Thread.
Posted on 12/30/24 at 3:14 pm
Posted on 12/30/24 at 3:14 pm
Just looking for hot IV for juicy premiums here. Let’s help each other out.
Sold 3 calls for .75 on RCAT today with a 1/17 expiry and strike of $20.
That’s a big one.
$222 collected (after $3 commission) using a position size of $4,221 as of today’s close. 14.07 x 300 shares.
A guaranteed 5.26% in just over two weeks? Yes please
Sold 3 calls for .75 on RCAT today with a 1/17 expiry and strike of $20.
That’s a big one.
$222 collected (after $3 commission) using a position size of $4,221 as of today’s close. 14.07 x 300 shares.
A guaranteed 5.26% in just over two weeks? Yes please
9
Posted on 12/30/24 at 4:22 pm to bayoubengals88
I think selling cash covered puts is something close to a covered call. I sold 2 KURL Feb puts with a $3 strike at .64 this morning and the IV is 205%.
Got the idea from the KURL thread. Did a little research and thought I'd give it a small shot and see what happens.
Got the idea from the KURL thread. Did a little research and thought I'd give it a small shot and see what happens.
Posted on 12/30/24 at 4:35 pm to bigjoe1
Reserved $600 to make $128?
That’s killer.
Might have to see how those look tomorrow…
And yes, a Cash Secured Put is the mirror image of a covered call.
It’s the other side of the wheel strategy.
That’s killer.
Might have to see how those look tomorrow…
And yes, a Cash Secured Put is the mirror image of a covered call.
It’s the other side of the wheel strategy.
This post was edited on 12/30/24 at 4:37 pm
Posted on 12/30/24 at 4:40 pm to bayoubengals88
RCAT looks good. I use this method a lot!
Doing it BOIL alot.
Doing it BOIL alot.
Posted on 12/30/24 at 7:55 pm to bayoubengals88
quote:
Sold 3 calls for .75 on RCAT today with a 1/17 expiry and strike of $20.
Man I’ve got to get in on the Sell side of these high IVs
Posted on 12/30/24 at 10:22 pm to bayoubengals88
FBTC has some good money at the moment.
Posted on 1/2/25 at 11:50 am to WM88
Too rich for me at the moment.
Tuesday sold 5 CSP on 3.00 strike KULR. Collected $225
Tuesday sold 5 CSP on 3.00 strike KULR. Collected $225
Posted on 1/2/25 at 2:06 pm to bayoubengals88
SOFI was on a good lil run with juicy IV and premiums for a while. Stock has pulled back so call premiums not as great but still solid.
Have been selling and rolling CC after the recent run-up stabilized around $15 in November.
For example, sold Feb 21 $20 calls last week for 0.68.
Have been selling and rolling CC after the recent run-up stabilized around $15 in November.
For example, sold Feb 21 $20 calls last week for 0.68.
Posted on 1/2/25 at 3:28 pm to Sir Saint
I’ve also been selling CCs on SOFI, which is a larger holding for me.
Sold a put this morning with $14 strike to collect $130.
Longer expiry date of 2/21 on this one.
If the stock recovers significantly, I’ll buy it back to free up the $1,400 sooner.
Posted on 1/2/25 at 4:35 pm to bayoubengals88
quote:What vol is that?
Sold 3 calls for .75 on RCAT today with a 1/17 expiry and strike of $20.
Posted on 1/2/25 at 7:08 pm to Big Scrub TX
176% right now.
The options are almost worthless
The options are almost worthless
Posted on 1/3/25 at 12:51 am to bayoubengals88
What do you have to pay for the Feb 20s?
Posted on 1/3/25 at 7:24 am to Big Scrub TX
Someone paid me .75 per contract and I sold three of them. So I collected $225.
Is that what you’re referring to?
Is that what you’re referring to?
Posted on 1/3/25 at 9:59 am to bayoubengals88
Geez, my 1/3 $18 C on RGTI will be a nail biter!
Posted on 1/3/25 at 1:14 pm to bayoubengals88
Happily rolled out a week to $20 strike for a $90 credit.
Posted on 1/3/25 at 1:24 pm to bayoubengals88
Opened a CC on BBAI for $35 credit.
5.00 strike expiring next Friday.
Will just be happily to offload it honestly so the gains plus the premium would be nice.
If it doesn’t get called away I’ll repeat and collect more in premiums.
5.00 strike expiring next Friday.
Will just be happily to offload it honestly so the gains plus the premium would be nice.
If it doesn’t get called away I’ll repeat and collect more in premiums.
Posted on 1/3/25 at 2:43 pm to bayoubengals88
quote:If you bought the Feb 20s, how much would they be?
Someone paid me .75 per contract and I sold three of them. So I collected $225.
Is that what you’re referring to?
Posted on 1/3/25 at 2:47 pm to Big Scrub TX
1.05 or $105 per contract right now for 2/21s at the $20 strike.
I should probably close out and open new ones. I’d say roll but vanguard doesn’t allow rolling in my account. Stupid.
I should probably close out and open new ones. I’d say roll but vanguard doesn’t allow rolling in my account. Stupid.
Posted on 1/3/25 at 5:49 pm to bayoubengals88
Buying the 1-month time spread for 30 cents seems like it's possibly a decent trade. What flat vol would it imply if you set both months to the same?
Posted on 1/3/25 at 7:24 pm to Big Scrub TX
Is that a diagonal? I’m not as studied as I once was, and I’ve lost the knowledge.
What’s the play?
What’s the play?
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