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Message
re: Options Trading Thread
Posted on 6/7/23 at 3:19 pm to Jag_Warrior
Posted on 6/7/23 at 3:19 pm to Jag_Warrior
Long puts on COIN
Any of you writing calls?
Any of you writing calls?
Posted on 6/7/23 at 3:55 pm to Jag_Warrior
It was either 6/2 or 6/1. The day when the debt deal was sort of done, but not all the way, but you are correct, sir. With the VIX so low, it is getting very hard to make any money.
I am putting on 0DTE SPY IC's at around 9-915 am CST and looking for deltas around .07-.06 and nothing more than .10 for the inside sold calls/puts.
I am putting on 0DTE SPY IC's at around 9-915 am CST and looking for deltas around .07-.06 and nothing more than .10 for the inside sold calls/puts.
Posted on 6/7/23 at 4:41 pm to b-rab2
quote:Sounds like you're risking about $900 to make $100. Is that about right?
I am putting on 0DTE SPY IC's at around 9-915 am CST and looking for deltas around .07-.06 and nothing more than .10 for the inside sold calls/puts.
Are you closing at 50% profits 7 out of 8 times?
This post was edited on 6/7/23 at 4:45 pm
Posted on 6/7/23 at 4:45 pm to bayoubengals88
That is correct most of the time I’m letting them expire due to the closing costs
Posted on 6/7/23 at 5:29 pm to b-rab2
I'll give it a go with SPY starting tomorrow for thirty days, though premium for IWM is likely higher...
Only problem is that Robinhood will automatically close your position on 0 DTEs at 2:30 CST.
So I might be able to aim for 50% profits or I might just try 1 DTEs and close them on the previous day as an alternative strategy.
Will go with roughly 10 delta on the short side and roughly 5 delta on the long, or essentially the next closest dollar amount to minimize risk.
Just started my spreadsheet
What's your daily P/L percentage since you started this?
Only problem is that Robinhood will automatically close your position on 0 DTEs at 2:30 CST.
So I might be able to aim for 50% profits or I might just try 1 DTEs and close them on the previous day as an alternative strategy.
Will go with roughly 10 delta on the short side and roughly 5 delta on the long, or essentially the next closest dollar amount to minimize risk.
Just started my spreadsheet

What's your daily P/L percentage since you started this?
Posted on 6/7/23 at 8:42 pm to Jag_Warrior
Have you heard of Tammy Chambless?
She's got some excellent info on 0 DTE SPX trades in this presentation.
She gets going around 12:30
She's got some excellent info on 0 DTE SPX trades in this presentation.
She gets going around 12:30
Posted on 6/8/23 at 8:03 am to bayoubengals88
quote:
Have you heard of Tammy Chambless?
No, that’s a new name to me. I’ll definitely check that out though. Looks interesting. Thanks.
Posted on 6/8/23 at 8:39 am to bayoubengals88
quote:
I followed you on 6/23s for .29
Nice profits so far!
Posted on 6/8/23 at 9:19 am to LSUAngelHere1
I took 17.24% gains on 8 calls.
It's just what I do If I can do it in just a few minutes
It's just what I do If I can do it in just a few minutes

Posted on 6/8/23 at 11:18 am to bayoubengals88
Profit is profit!
If you paid .29 they went up almost 100%
If you paid .29 they went up almost 100%
Posted on 6/8/23 at 11:27 am to bayoubengals88
Paid 1.70 for my 230 TSLA calls and sold for $5.20


Posted on 6/8/23 at 3:34 pm to LSUAngelHere1
Got my feet wet today with 3 SPY ICs.
Did a lot of stupid stuff with it, but ended the day at 50% gains.
Spend $30 and closed in total for $15.
I’ll probably go with four next time and try to collect .48
Did a lot of stupid stuff with it, but ended the day at 50% gains.
Spend $30 and closed in total for $15.
I’ll probably go with four next time and try to collect .48
Posted on 6/8/23 at 3:43 pm to LSUAngelHere1
Went long puts on F because I think max pain will come into play by mid to late next week.
Bought 6/23s for .30
Bought 6/23s for .30
Posted on 6/8/23 at 3:46 pm to bayoubengals88
quote:
Went long puts on F
What happened to your long diagonal on F? You give up?
Posted on 6/8/23 at 3:50 pm to bayoubengals88
I held one of my TSLA $230 calls. It’s at $245 now! Lord I pray this holds

Posted on 6/10/23 at 8:48 am to LSUAngelHere1
Only thing to say about your long TSLA calls: you killed it! Congrats. 

Posted on 6/10/23 at 8:54 am to Jag_Warrior
Jag,
Just got my pic with Tom at the Tastytrade Bad Trader tour in Dallas!
I can hang it up now. Life made.
Just got my pic with Tom at the Tastytrade Bad Trader tour in Dallas!
I can hang it up now. Life made.

Posted on 6/10/23 at 10:09 am to frogtown
quote:Gave up long ago. F essentially crashed right after I bought the leap.
What happened to your long diagonal on F? You give up?
I didn’t really know what I was doing back then anyway. Still learning more daily. I’m sure I’ll say I knew nothing now.
But back then, I was using premium collected as if it were my own.
I kept having to go down in price on short term covered calls to collect anything decent at all.
I would like to try again if F gets back to $11
Posted on 6/10/23 at 10:14 am to Brobocop
Now that is so cool.
I wish I could have made that event. It’s definitely on my list though.
Is there a good question & answer session?

I wish I could have made that event. It’s definitely on my list though.
Is there a good question & answer session?
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