r/OptionsMillionaire

What do you guys think QCOM will be doing this week? I have call option for 7/17

Is there any chance I can make money through betting any idea or tips , m in very much loss. Plez suggest me and help me

I've been daytrading stocks for around 6 months to no success, and was curious to know how similar trading options is to trading stocks? I was wondering if regular options traders frequently use indicators like EMA and RSI to enter Calls and Puts, or if options are all about spreads?

Sold a CC on NFLX at the $77 strike that expires today. I collected $68 on the premium. NFLX closed at 77.60 today and I can see that I still have my shares as well as the option still showing. I expected something to happen when after-hours trading closed. Will I lose my shares? When will I see this settle? I’m not sure what’s happening is someone could shed some light

UPDATE:
Thanks everyone. The shares have been called away. I’m not that upset about it. I held them for a very long time and it was time to go. Maybe I’ll try the wheel now.

I have been watching SPCX ever since it went public because it is a capital hungry beast I was not able to participate in the IPO I wanted to buy at the open but the bid was too high and it kept rising since the open Anyone familiar with market dynamics knows that chasing highs at this point is a sure way to lose So I added it to my watchlist and kept tracking it for the right entry point On June 22 it had a sharp drop and I really wanted to buy but the overall market environment was poor so I held back I observed it for several consecutive days and it was just consolidating with not much volume I kept watching its options chain which kept declining After a few days of consolidation I saw that the decline was basically over and the three major indexes were also recovering so the opportunity came I originally planned to buy the stock but I noticed that the 167.5C options were very cheap so I decided to go for a smaller capital with bigger potential returns and bought 100 contracts of the 167.5C at 1.33 on June 26 My luck was incredible because right after I bought the price started to rebound and today I sold all of them at 7.45 I didnt get greedy I locked in the profits and converted them into shares When trading options never rush always wait for the right moment to pull the trigger and make it count with one clean shot

https://preview.redd.it/llc0220okgah1.png?width=3000&format=png&auto=webp&s=993821191cbc19c633778337080423af20725cbc

The chop lately has been driving me insane. Getting faked out on almost every setup because Im trying to force trades when the volume just isnt there. Got chopped to pieces on spy yesterday and it took everything in me not to immediately revenge trade the rest of my account into some zero dte garbage

Had to physically force myself to close my broker app for the rest of the week. Just to scratch the itch i started messing with a trading game instead whenever I get bored at my desk. at least when I make a stupid impulse buy on there because im impatient, it doesnt actually burn a hole in my real portfolio

protecting capital is supposed to be rule number one but man the fomo really makes you do dumb things. just venting I guess. Definitely just staying cash gang and waiting for a real trend before I touch live options again.

Thinking of getting in to a leap about a year out time frame. Had APPL or MSFT in mind, any suggestions?

Thinking of getting in to a leap about a year out time frame. Had APPL or MSFT in mind, any suggestions?

GEX Evolution 0DTE Levels 6/25/26

$SPX
7450 Call Wall
7390-7400 Gamma Flip
7310-7320 Put wall

7400 key level for 6/26 and 6/30 expiry.
Remember if we do not come close to 7300 and 7200, then that bullish pressure.

$SPY

sloppy structure
740, 744/745 Call wall
736 Gamma flip
730 Put Wall

$QQQ

730, 728, 725, 720 Call walls
717 Put Wall and Gamma Flip

https://preview.redd.it/ag1gooagnf9h1.png?width=1723&format=png&auto=webp&s=3045b94352cb05bdd01b1bfefd09215edf4a1e73

Hey guys, I really need some advice. I always hear 99% of people fail trading. I’m new to options trading and I’m trying to figure out which strategy fits my wrist tolerance, and psychology. I started with credit spreads and I did (what I would assume) pretty good or beginners luck.. was making about $6000 to $7000 a month for about three months. Now I have been doing single leg options calls, and puts and it’s been hit or miss. I’m down about $8000 but I’m more comfortable with the risk to rewards on the single legs versus the credit spreads, even though it has a higher win rate.

I am blessed enough to make over $320,000 a year in my current job. And it’s allowed me to build software’s to give me a little bit of an edge in the options market. But I feel like I’m missing something and it’s making me question how realistic this is.

So I say all this to say… really ask for those who have been trading options for years what are you doing to keep you profitable. Is it even possible.. in what systems do you guys have in place?

I hope this makes sense and I would really appreciate any tips, advice, and hard truths.