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re: Options Trading Thread
Posted on 4/28/23 at 7:13 pm to LSUtoOmaha
Posted on 4/28/23 at 7:13 pm to LSUtoOmaha
How wide is the spread? And how does a put spread end in assignment?
I thought there was a max loss/defined risk.
Closed GIS bear debit spread for 14% that I put on earlier this week.
Took on a KO iron condor and a MSFT bear debit spread toward the end of the day. Don’t feel great about either, but I finished the week with realized profits on 6 of 6.
I thought there was a max loss/defined risk.
Closed GIS bear debit spread for 14% that I put on earlier this week.
Took on a KO iron condor and a MSFT bear debit spread toward the end of the day. Don’t feel great about either, but I finished the week with realized profits on 6 of 6.
Posted on 4/28/23 at 9:37 pm to bayoubengals88
Well, a spread is just a sold put, and a bought put. The bought put I could sell, and then I'd let the sold put exercise. The spread is like $10 I think.
Anyways, it is risk defined, but I have the option of being converted to a shareholder on the sold puts.
Anyways, it is risk defined, but I have the option of being converted to a shareholder on the sold puts.
Posted on 4/29/23 at 12:12 pm to bayoubengals88
quote:
How wide is the spread? And how does a put spread end in assignment? I thought there was a max loss/defined risk.
That’s something (assignment risk) you need to be aware of if you ever run something to expiration or if your short option on a spread goes deep in the money: with American-style options, a short position can be assigned to you at any time.
Posted on 5/1/23 at 11:26 am to Jag_Warrior
Is it safe to say that this KO iron condor is moving against me? Bought Apr. 28th
Should I go ahead and adjust so soon?
6/16 $60-65
Credit: .75
Currently it's at $1
Should I go ahead and adjust so soon?
6/16 $60-65
Credit: .75
Currently it's at $1
This post was edited on 5/1/23 at 11:27 am
Posted on 5/1/23 at 3:27 pm to LSUtoOmaha
quote:
ON sold 5/5 puts 0.11 delta (62p). Stock currently between 69 and 70
Trying to get into ANET as well
ON is an easy win. ANET should be a win as well based on earnings reaction (shorted the 140p on a spread).
I'll try for AMD tomorrow.
Posted on 5/1/23 at 5:48 pm to LSUtoOmaha
I bought some long dated put options with an expiration in September on BUD. Bud Light sales were down almost 30% last week. Sales of Ultra and Busch Lt either flat or down. Summer selling season is coming and if their flagship brand keeps getting smoked like this, they’re going to be in for a world of hurt on upcoming earnings. These huge declines are not even close to baked into their stock price right now.
Posted on 5/1/23 at 6:38 pm to ChiGator
Do you have a target % gains before exiting?
I like the play, but I might go more conservative with a call credit spread.
I like the play, but I might go more conservative with a call credit spread.
This post was edited on 5/1/23 at 6:39 pm
Posted on 5/1/23 at 7:52 pm to bayoubengals88
I bought at 55 expiration 9/15. Their 52w low is 44.51. I see no reason they can’t test that over the next 6 months.
Posted on 5/1/23 at 8:22 pm to BeYou
quote:
Added $UBER May $32.50 Calls to the portfolio today. The think the company sets up well from a technical standpoint and the option flow has been bullish lately.
Debated closing this out today for a small gain after the big run up the past couple of days but decided to hold through earnings. Uber reports tomorrow before market.
Posted on 5/1/23 at 8:39 pm to BeYou
Good luck. Thought about selling puts before close but didn't pull the trigger
Posted on 5/2/23 at 10:29 am to LSUtoOmaha
Whew. Taking a beating on ANET now. May have to take assignment.
Posted on 5/2/23 at 12:45 pm to LSUtoOmaha
Sweating it out today with QQQ ICs expiring today.
Looked great this morning and catastrophic a few hours ago.
I'm cautiously optimistic that I may break even before close.
I hope SBUX delivers AH.
Looked great this morning and catastrophic a few hours ago.
I'm cautiously optimistic that I may break even before close.
I hope SBUX delivers AH.
Posted on 5/2/23 at 1:17 pm to LSUtoOmaha
quote:I'm in for a directional play, but gave some room up to 5/19.
I'll try for AMD tomorrow.
Put credit spread
Posted on 5/2/23 at 1:27 pm to bayoubengals88
Same but weekly for me. I am short the 81
Posted on 5/2/23 at 10:40 pm to LSUtoOmaha
Closed out my Uber May 32.5 calls today for a 118% gain. 

Posted on 5/3/23 at 8:17 am to bayoubengals88
quote:I'm gonna need that room.
I'm in for a directional play, but gave some room up to 5/19.
85.38 breakeven
Posted on 5/3/23 at 8:19 am to bayoubengals88
Yep. Not a good quarter from them
Posted on 5/3/23 at 4:52 pm to LSUtoOmaha
quote:
Same but weekly for me. I am short the 81
So am I. Short the 5/5 81 naked puts. Feeling like we might get to own some AMD this week.
And sold a 12 lot of 5/3 SPX put spreads (4030 short puts) this morning standing in front of the NASDAQ Market Site. Had to do it.

Posted on 5/3/23 at 4:53 pm to BeYou
quote:
Closed out my Uber May 32.5 calls today for a 118% gain.
Sweet!

Posted on 5/3/23 at 7:55 pm to Jag_Warrior
If assigned, are you going to sell calls against it? I think I will if IV stays high. The May 26th 87 call (29 delta) pays 1.45 or so.
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