re: Options Trading Thread

Revenue seems pretty consistent over the last few years in the 8-9 billion annual range and they have made between 300-900 million in income. I haven't done research but I'm assuming the outlook is bleak due to rising input costs and theft. Theft is what killed me on the DKS play, I think.

From a pure historical valuation Foot Locker is really cheap. Thus, the forward outlook is probably bad. That may be priced in though.

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I sold SNOW puts just now ahead of their earnings.

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did the same, took 140/136 svp @.81, move is is expected +/-17.07

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Can you be assigned on naked calls even if you don't have margin enabled?

If you open a position as sell to close, are you at risk here?

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I’m a little confused. You’re talking about being short naked calls, but the transaction would not be in a margin account? I’m not aware that this would even be possible, not at any brokerage firm that I’m aware of. The risk on that trade is infinite, so a margin account and level 3 (or whatever the highest level is called at your brokerage) would be necessary.

And when you say “open a position as sell to close”… I don’t know what you mean. Sorry.

Yes had to actually go check my ASDK order went thru, it went in just before close on 182.5/177.5 SVP

DLTR 126/121 SVP

SNOW 140/136 SVP

Also had to roll call spread on SPX I had at 4435 today but got decent higher fill but not extremely confident

Do any of you subscribe to a service where they tell you the historical moves of stocks after earnings compared to the implied move? I haven't found a good free one that will just tell me the numbers.

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I actually like where your short put strikes are

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I have been playing a few strikes out of the probability and have had to make wider spreads on the lower deltas to make credits worth it after commissions and fees

DLTR going to be very close for both of us.

You're at 126 I'm at 127.

Slammed some IWM puts this morning … waiting for another good entry

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Also had to roll call spread on SPX I had at 4435 today but got decent higher fill but not extremely confident

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If you did a 1 day roll, I’m guessing you had a (big) smile on your face at 4:01PM today.

It was a 2 day roll and was able to close it in the green. Unfortunately made my first real mistake and didnt get a roll in on time for NDX at the last moment when it tanked below my put strike so looking like I am taking a full loss on that, luckily had some decent wins on others to help offset the loss a bit