re: Options Trading Thread

Here’s today’s $25k trade on SPX 0DTE puts.

Damn that put pumped and dumped

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Anyone ever play SVXY?

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No, I can’t say that I’m familiar with that product. What setup are you considering?

Thankfully I didn’t put on anything on the short put side with MS this week. The 74 strike that I was looking at would have already been tested with the face smack it’s taking today. Plus I already had short options positions in BAC and SCHW, as well as trying to do something with AXP later this week. So no real desire to be any more heavily exposed in the financials. For today’s AH reporting, I’m going for a simple short put trade on TSLA around 10 delta to open. And still cruising with some laddered SPX 0DTE synthetic strangles. Also, for an investment account, I’m looking at some KMI cash secured short puts at the 17 strike. I already have a position there and want to add to it at the “right” price.

I may follow on tsla. Was also thinking about doing a butterfly

I did see it was an inverse etf for shorting vix, so if I understand it correctly if vix spiked the svxy would go down. Only reason I asked was I saw on Tasty feed that a few positions were taken and was trying to figure out the angle.

Didn’t get to make alot of trades today only some put spreads on spx that made it through that I entered thru TOS app while out in the field.

Gotcha. I wonder how Sosnoff & Co. were playing it? The VIX has been on a decent run up lately. Topped 20 today, but settled back to 19.22.

I ended up going heavy into laddered TSLA short puts. As its IV rose and the price dropped, I continued selling the 10/20 contracts - deltas ranging from about 15 to just below 10. IV percentile wasn't great, but the IV at 57%+ drew me in. Nice to see it going up a tad in light of a not so great earnings report.

Are you liking the TOS app? My phone has become my go-to mobile trading device. Other than verifying SPX support/resistance levels on my computer, I tend to mainly use the app to execute and monitor trades these days.

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Sosnoff & Co. were playing it

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They were expecting a spike in VIX which it did today and had a ~$4 drop in the SVXY so would have paid nicely today as it was sitting around $86 when I looked at it yesterday at 6.42 credit on 10 wide.

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TOS app

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So so on the app, I like the desktop much better but the app is slowly growing on me.

I didn't get a chance to play TSLA today but did take some Netflix long calls yesterday (accidentally thinking the earnings were this morning).

Also dipped my toe into O DTE call scalps yesterday

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I didn't get a chance to play TSLA today but did take some Netflix long calls yesterday (accidentally thinking the earnings were this morning).

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You made two good moves then. Me, on the other hand, I might get assigned enough TSLA tomorrow to demand a board seat.

But on the positive side, the 0DTE SPX short synthetic strangles have been printing this week. And Mr. Powell's speech provided a nice volatility boost today (now back above 20). So unless something incredibly crazy happens in this last 90 minutes, this will be a nice haul for one day.

Had a new record day today on the 4330 calls. First $50k day, $35k on just those calls during the JPOW talk

I’m not big on indicators tbh. My trade style is entirely predictive to the point where candle sticks are lagging indicators to what I think is about to happen. That being said I use volume profile the most. There’s a lot of info out there on delta hedging. 90% of liquidity is option dealer hedging.