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Posted on 7/20/23 at 10:57 pm to Jag_Warrior
Posted on 7/20/23 at 11:25 pm to Jjdoc
Gotcha. I see your original post now:
quote:
I did enter a short term PMCC on NFLX. 60 days out on the long and a higher delta that paid $1095 for Aug.
Posted on 7/20/23 at 11:59 pm to Jag_Warrior
This one is going to worry me!
Posted on 7/23/23 at 5:47 pm to Jag_Warrior
Looking to play TSCO this week. Love the company and it's fairly valued so no issue with owning more
Posted on 7/24/23 at 11:46 am to Jag_Warrior
quote:
Gotcha. I see your original post now:
That short is at 58% profit, but that long... LOL, it's going to cause me to work for it!
Posted on 7/25/23 at 5:10 pm to LSUtoOmaha
For earnings plays, I went with naked 7ish delta short puts on these late this afternoon: GOOG, MSFT and V. So far, so good.
And let the day’s 0DTE SPX short call spreads expire worthless.
And let the day’s 0DTE SPX short call spreads expire worthless.
Posted on 7/25/23 at 5:19 pm to Jag_Warrior
Awesome job! I have a ton of Google stock already. Was nervous about MSFT's frothy valuation
Posted on 7/25/23 at 6:12 pm to LSUtoOmaha
I was nervous about GOOG, but it’s the one doing the best in AH trading. 
Posted on 7/25/23 at 6:22 pm to LSUtoOmaha
Are we considering anything on META tomorrow? I’m a bit concerned that if this long in the tooth rally ends this week, it could catch even good earnings reports in a downdraft before Friday expiration. But even with that said, I’ll probably go into some short META puts with single digit deltas.
Posted on 7/25/23 at 8:35 pm to Jjdoc
quote:
That short is at 58% profit, but that long... LOL, it's going to cause me to work for it!
Where are your long and short strikes, if you don’t mind me asking?
Posted on 7/26/23 at 10:08 am to LSUtoOmaha
With GOOG, V and MSFT, the only one showing weakness today is MSFT. But since I’d be OK being assigned at the 315 strike, I’d try to wheel it to a 320 exit + a healthy covered call premium. So I’ll take shares if it comes to that. It would only be a small position. So other than tying up capital for awhile, I consider the risk to be fairly minimal. Er… that’s what I’m saying now. If it tanks below 315 on Friday, I’ll be singing a different tune. It can move into my back bedroom and keep DIS company.
Looking at what’s the best short put play on META today. Still trying not to go above the 10 delta.
Are you eyeing a move on META? Anybody else playing earnings today?
Looking at what’s the best short put play on META today. Still trying not to go above the 10 delta.
Are you eyeing a move on META? Anybody else playing earnings today?
Posted on 7/26/23 at 12:36 pm to Jag_Warrior
quote:
Where are your long and short strikes, if you don’t mind me asking?
Sure..
8/4 at 442.5 is the short... Total Return +$848.00 or 77% (update on this.. I purchased back at 83%)
9/15 430 is the long and am waiting for a pop to sell another short call against this.
The total entry was only $1788 (due to the short call paying me $1098).
So before Sept 15 I need it to recover on the long and sell a few more weeklies.
Making me earn it they are!
Posted on 7/26/23 at 3:25 pm to Jjdoc
You’re not too far out of the money on that long call (got up to 425.26 today). And you’ve got a decent amount of time for it to recover, as well as selling weekly calls. Doesn’t look like a bad position.
In addition to two large staggered lots of 0DTE SCVs on SPX, I sold some META naked puts at 8 delta (260 strike) and EBAY at 12+ delta (44.5 strike). META is rocketing AH, while EBAY is sliding a bit.
I’ll be traveling tomorrow, so I’m likely done with new positions for the week. This one has been a very good one, but I need to always remain humble and thankful.
In addition to two large staggered lots of 0DTE SCVs on SPX, I sold some META naked puts at 8 delta (260 strike) and EBAY at 12+ delta (44.5 strike). META is rocketing AH, while EBAY is sliding a bit.
I’ll be traveling tomorrow, so I’m likely done with new positions for the week. This one has been a very good one, but I need to always remain humble and thankful.
Posted on 7/27/23 at 7:09 am to Jag_Warrior
I would absolutely not touch Meta. Think there is a ton of tail risk at this valuation.
Posted on 7/27/23 at 8:38 am to Jag_Warrior
quote:
You’re not too far out of the money on that long call (got up to 425.26 today). And you’ve got a decent amount of time for it to recover, as well as selling weekly calls. Doesn’t look like a bad position.
I just sold another call on NFLX atthe 442.5 again... 15 days out for $465. So I have almost paid for the entry!
quote:
In addition to two large staggered lots of 0DTE SCVs on SPX, I sold some META naked puts at 8 delta (260 strike) and EBAY at 12+ delta (44.5 strike). META is rocketing AH, while EBAY is sliding a bit.
We gotta talk when you get time on the 0DTE SCVs. CONGRATS on the naked puts
Posted on 7/27/23 at 9:02 am to LSUtoOmaha
quote:
Looking to play TSCO this week. Love the company and it's fairly valued so no issue with owning more
Easy win here for me
Posted on 7/27/23 at 9:13 am to Jjdoc
quote:
I just sold another call on NFLX atthe 442.5 again... 15 days out for $465. So I have almost paid for the entry!
quote:
How so? From my math you aren't close to paying for your entry.
You entered for $1800-$1700 you might have that down to $1500.
Show me the math.
This post was edited on 7/27/23 at 9:25 am
Posted on 7/27/23 at 10:01 am to LSUtoOmaha
quote:
I would absolutely not touch Meta. Think there is a ton of tail risk at this valuation.
Understandable. Had it belched on earnings, even my relatively low delta play could have gotten tested. And since I sold 5 contracts, an assignment would have eaten up a lot of trading capital until I could wheel out. But as of now, those short puts are virtually worthless, as are GOOG, MSFT and V.
EBAY is being tested today, but I only sold 1 contract as a lark. So 100 shares at 44.50 isn’t a concern… unless it drops another 10%!
Posted on 7/27/23 at 10:15 am to Jjdoc
quote:
We gotta talk when you get time on the 0DTE SCVs. CONGRATS on the naked puts
Thanks. So far, so good. With this very low VIX, earnings season is about the only time we can pick up some decent IV these days.
Sure. 0-1DTE SPX short strategies have been my money makers this year. Sosnoff’s 0-1DTE strategies certainly have higher profit potential than my strategies in $ or % terms. But what I’m more interested in is winning percentage (or probability of profit/POP). Although I’ve been tested and had breaches on the short side several times, I’ve only had two losing trades thus far in 2023. But with the “profit bank” that I’ve built up, it would take an unusual sequence of negative returns/losing trades to cause me real pain at this point.
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