- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Options Trading Thread
Posted on 7/12/23 at 10:56 am to LSUtoOmaha
Posted on 7/12/23 at 10:56 am to LSUtoOmaha
I don’t think you’d get hurt at 107 long or short term. Plus, you could always sell covered calls and play the wheel strategy if you wanted to.
SPX looked rather ugly on the short calls for awhile. But now that the market has backed off and theta has decayed, the premium has collapsed. But I’ll likely close them before I have to go to a meeting at 1ET.
SPX looked rather ugly on the short calls for awhile. But now that the market has backed off and theta has decayed, the premium has collapsed. But I’ll likely close them before I have to go to a meeting at 1ET.
1
Posted on 7/12/23 at 9:58 pm to LSUtoOmaha
quote:
Let us know how the SPX short term trades work.
I had a large lot of 4355 short puts and an even larger lot of 4495 short calls expiring today. SPX topped out at 4488.34 before settling back to eventually close at 4472.16. Biggest one day haul I’ve ever had day trading options… but there was a bit of stress when the market seemed poised to test 4500.
Posted on 7/12/23 at 11:11 pm to Jag_Warrior
quote:
the premium has collapsed.
Just wanted to pop my head in and tell you to look at the premiums in AMZN! They popped today.
Example, I rolled my $134 strike after about 50% premium to 16 days out. So July 28th $138 Strike... The difference $239 per call credit.
Starting with that July 28th time... Hundreds rather than 50 to 70 per call.
Another example .. Look at the $132 for next week. It's $181. But the 16th.. $460.
Just wanted to let you know.
Posted on 7/13/23 at 8:10 am to Jjdoc
Thanks. I appreciate the heads up.
Also note that AMZN reports earnings July 27 after the bell.
Also note that AMZN reports earnings July 27 after the bell.
Posted on 7/13/23 at 8:32 am to Jag_Warrior
Oh, and fellows, if not a cake, maybe buy me a cupcake if/when we meet up at a future investment conference. Today I’ll be announcing my retirement at work. 
Posted on 7/13/23 at 9:17 am to Jag_Warrior
quote:
I’ll be announcing my retirement at work.
Congrats man!
Posted on 7/13/23 at 11:25 am to Jjdoc
Thank you. It’s been in the planning stages for awhile. I was going to wait until after Labor Day, but I feel that the time is right.
Hope to see some of you guys at the Orlando MoneyShow investor’s conference in late October. Seth Freudberg of SMB Capital is going to be there, and I’m scheduling a sit down with him to get a lay of the land, as far as what opportunities there may be, or if it would be better for me to remain an independent options trader.
Hope to see some of you guys at the Orlando MoneyShow investor’s conference in late October. Seth Freudberg of SMB Capital is going to be there, and I’m scheduling a sit down with him to get a lay of the land, as far as what opportunities there may be, or if it would be better for me to remain an independent options trader.
Posted on 7/13/23 at 10:08 pm to Jag_Warrior
Congrats man! I've been swamped with work and kids and just can't find the time in the day to post, unless I am up late with the kids sleeping, like right now. I didn't trade all that much beginning of the year but this last few weeks has made my year. Directional plays. It's been a wild few weeks. Hope all is well and maybe I will find more time to post soon, or never haha
Posted on 7/14/23 at 9:45 am to Jag_Warrior
Congrats on retirement. I would like to go but I have a second baby on the way in October
Posted on 7/14/23 at 9:45 am to LSUtoOmaha
Sold PENN and DIS put spreads this morning.
Posted on 7/15/23 at 12:15 pm to LSUtoOmaha
Had a phenomenal week with COIN. I paid .38-.55 for some $92 & $98 calls last Mon and sold them for 6000% profits ranging in staggered sell orders $14-19.00.
One thing I need help with is learning how to choose which options to sell and whether to sell puts or calls. I have over 100 shares of TSLA and want to start making money selling contracts. I know how to sell calls but not sure about selecting which strikes when selling puts.
If anyone has any advice I’d appreciate it.
One thing I need help with is learning how to choose which options to sell and whether to sell puts or calls. I have over 100 shares of TSLA and want to start making money selling contracts. I know how to sell calls but not sure about selecting which strikes when selling puts.
If anyone has any advice I’d appreciate it.
This post was edited on 7/15/23 at 12:18 pm
Posted on 7/15/23 at 7:33 pm to LSUAngelHere1
If you’re selling puts you should look at support levels on the stock. If you’re selling calls you should look at targets for the stock. I use Ema’s for support and for resistance I’ll use vpoc vwap or %retrace of a move. Everyone is different though. For Tesla in particular I would put $300 target on it near term so I think you’re prob safe selling calls a little higher than that for august but who knows.
ETA: congrats on the COIN play. When the news broke Thursday I almost bought the weekly 95 calls for 2.5. I looked yesterday and they were like 19. I’ve been having a great few weeks and told myself not to get greedy. I should’ve pressed the gas. Oh well
ETA: congrats on the COIN play. When the news broke Thursday I almost bought the weekly 95 calls for 2.5. I looked yesterday and they were like 19. I’ve been having a great few weeks and told myself not to get greedy. I should’ve pressed the gas. Oh well
This post was edited on 7/15/23 at 7:36 pm
Posted on 7/17/23 at 5:52 am to LSUAngelHere1
quote:
One thing I need help with is learning how to choose which options to sell and whether to sell puts or calls.
Selling puts, FOR ME, is always around the "wheel" method. I sold a call, and the stock price reached the strike and I lost the stock. I then sell a PUT either the same or lower than the strike price of that call. Make sense? Should the price of the stock drop, I get it at a little lower price.
On selling calls, I use delta. I'm looking for .12 to .20 (which is more aggressive). TSLA as the example, I'm looking at $322.5 to $317. Again, that's just me. Now remember TSLA reports this week (19th)
Posted on 7/17/23 at 7:07 am to thatguy777
quote:
I didn't trade all that much beginning of the year but this last few weeks has made my year. Directional plays. It's been a wild few weeks.
Congrats on the long plays. Way to ride the uptrend wave.
Posted on 7/17/23 at 7:28 am to Jjdoc
quote:
Selling puts, FOR ME, is always around the "wheel" method.
In my investment account, that’s basically what I do as well. If it’s a stock I’d like to invest in and hold for awhile (not JUST trade), I take a look at the IV and IV percentile (to see if the premium is attractive), when earnings will be announced (to see when a vol spike may happen), use technicals to decide what might be a good medium term entry point and then launch some short puts around various strikes and expiration dates (to allow me to leg into a potential long position). But cash secured puts are more about what entry price I’d be satisfied with than delta in my investment account. If it’s in my trading account, it’s more about IV, short term risk/reward and premium.
quote:
On selling calls, I use delta. I'm looking for .12 to .20 (which is more aggressive).
I agree. Again, in my investment account, I also use the deltas, but to a lesser degree than in my trading account. It’s more about what exit price(s) I’d be satisfied with.
In my trading account (where 95% plus of my trades take place these days), I’m mostly trading larger size SPX contracts now. And those are based on IV and the deltas (puts and calls). I’m also looking more and more at SKEW and learning how to incorporate that reading into my decision making.
Other than during earnings season, I’m not doing as much with individual equities and ETFs now.
Posted on 7/17/23 at 8:08 am to Jag_Warrior
quote:
I agree. Again, in my investment account, I also use the deltas, but to a lesser degree than in my trading account. It’s more about what exit price(s) I’d be satisfied with.
Yep! If I see something I have no interest in keeping, then I'm collecting more premium.
quote:
Other than during earnings season, I’m not doing as much with individual equities and ETFs now.
Interesting. I have done some of that in the past (spx..etc) but saw a lot of opportunity with TSLA, AMZN, AAPL. I may revisit that.
Always great to hear others who have different approaches.
Posted on 7/18/23 at 9:14 am to Jjdoc
The folks who have gone long calls are certainly having a banner year so far. The horsepower driving this market is pretty incredible. If I’m not mistaken, we’re looking at the 7th up day in a row if we close positive today.
I threw in some 7/21 short puts at 28 strike on BAC yesterday. With the positive earnings report this morning, they’ve now collapsed. Trying for some IBM short puts today at the 129 strike. Big Blue reports tomorrow after the bell. Both these trades are in my investment account and I’d be willing to take shares.
I threw in some 7/21 short puts at 28 strike on BAC yesterday. With the positive earnings report this morning, they’ve now collapsed. Trying for some IBM short puts today at the 129 strike. Big Blue reports tomorrow after the bell. Both these trades are in my investment account and I’d be willing to take shares.
Posted on 7/18/23 at 12:23 pm to Jag_Warrior
Sorry to pop in and ask a few dumb questions off the rip, but trading has always fascinated me from a far. What are some good resources for learning the lingo yall are using. I want to be able to follow along and see the strategy.
also, what material do yall reference for the greek symbols. I am guessing youre using something like that to see what options look solid.
I did a little options trading over covid because it was fun, and pretty easy at that time, but id love to actually understand more whats going on
also, what material do yall reference for the greek symbols. I am guessing youre using something like that to see what options look solid.
I did a little options trading over covid because it was fun, and pretty easy at that time, but id love to actually understand more whats going on
Posted on 7/18/23 at 2:29 pm to GamecockUltimate
OptionAlpha podcast (kirk duplessis) and Tastytrade YouTube channel are the two strongest resources, IMO. Not all TT lessons are given by Sosnoff, but his crew is good.
Posted on 7/18/23 at 5:50 pm to dragginass
quote:
OptionAlpha podcast (kirk duplessis) and Tastytrade YouTube channel are the two strongest resources, IMO.
I second that.
Page 42 of 77
Popular
Back to top
Follow TigerDroppings for LSU Football News