Yall,
What tickers are you currently monitoring? I have several OTM call options at the moment and will hold them for a while. I wanted to know what yall are playing?
Full disclosure: I have NFLX, META, ORCL, WMT, NKE. all of these are long dated call options so I am not too worried. I wanted to know what you guys watching besides tickers I mentioned above.
Well I did it again, I averaged into a bad position at first.I was up about 50%.About a $1000, I was up and I told myself just sell, I'm not going to make a $1000 this week in my job.Why don't I just saw right now in ten minutes.
But nope I wanted more, and then I started averaging down, and now I need circle to at least open up the first 5 minutes of the market, do the explosive move that the market does sometimes and get out. So I'm hoping that this can happen tomorrow last year when circle IPO, it was always popping. Really hard at the open to crash, or crashing down to open to pop-up, so let's see
There was a huge drop and I'm thinking about acquiring some BIDU via CSPs. My approach is to drip in first via csps and then later sell atm csps ( I do this kind of approach with any stock that I want to accumulate).
Why? Well, if BIDU were to go down to $80 it would be valued exactly as their NET asset value.
So thats 24 billion market cap and 24 billion in assets... thats no growth projections or anything like that. And its at $90 now. Does that sound crazy only to me?
This is not investment advice, just want to bounce the ideas off of someone else too here and reddit seems the best place to be publicly roasted :)
So I have a website that I use to track all my option plays and my current portfolio, with this I have tracked my year to date option income at $22,175, I have done over 144k in option trading activity while closing debts at around 122k.
My big option plays have been doing are $OKLO $APLD $CRML $TQQQ $CRWV $SMCI $QBTS and $DVN that have been my main catalyst. I've continued generating from covered calls short term income from $APLD and $QBTS while my $DVN is a yearly income generator instead of a weekly income generator.
I do covered call on all my positions as well to generate income from owning the asset as well, but first I want to try to get between a 2 to 3 bagger before usually reducing position by halve of current outstanding shares owned.
After I have sized a reasonable amount i may continue to double down on that company or decide to invest in a new company but again enter a cover put position to generate income and to reinvest that money back into more share.
My goal is simply to by good companies at discounted prices because at current rates the market is over saturated with garbage buy in prices that only hurt us the investor while the brokerages and other clearing houses are wracking up off us the investor, well I say no more lets take back the control of the market, no matter how far the losses I will continue to keep holding and buying more companies at a fair value for the long hold!
Best regards,
The Wook of Wall Street
Title says it all. I am looking for a new brokerage and have been playing around a bit with e-trade and tasty trade and so far it seems they get poorer options fills than Schwab. Has anyone found a broker that is equivalent if not better?
Site: https://amonhen.helmfi.ai — free, no signup, no Discord, no paywall.
WHAT IT DOES
- Dealer-gamma map for SPX, SPY and QQQ: call/put walls, gamma flip, king node, expected move, max pain — drawn on the price chart, updated through the day.
- Live options flow: a CVD line built from the options tape (contracts bought at the ask minus sold at the bid, near-ATM), with price and the dealer walls overlaid on the same chart.
- A cross-index confluence strip: flags when SPY, SPX and QQQ flow all line up one way. A flip only counts after holding 10 minutes, so it isn't spammy — roughly once a day.
- Compare view, 10-second tape mode, pop-out charts, single names like NVDA/TSLA.
HOW IT'S CHECKED
The methodology page (site footer) spells out the math and the limits, and the site publishes a daily self-scored hit-rate on its own levels — how often the call wall held, the put wall held, the expected move contained. It scores itself whether the day was good or bad.
FOLLOW-UPS
DM me, or the update box on the site. This is a one-time post, so I won't be posting updates here. Happy to answer anything about the methodology in the comments.
BULL jumped significantly after hours, and my $8 short call(8/28) is now deep ITM. I have corresponding $5, $7.5 and $10 LEAPS calls as the long leg.
I'm considering two options:
Alternatively, would it make more sense to just close both the LEAPS and the short call and take the overall P/L?
Which approach would you prefer for managing a PMCC when the short call suddenly becomes deep ITM after a big after-hours move?
Any input is greatly appreciated.
Is there a /sub or other resource to help traders with tax issues?
I’m mostly interested in networking and connecting with like minded and already profitable traders. I know we live in the digital world, but sometimes there is no substitute for connecting in person.
I mostly used to trade spreads, DTE 45, delta 20-30 (closer to mid) for the short put or short call on tech stocks and a few non-tech stocks. With that many days and low delta the bid-ask is very wide for a single leg which compounds when entering it as a spread.
TOS were still part of TD the last time I used them for options and they were exceptional with fills. As I didn't have time to trade options for the last 3 years while I was selling my businesses I took advantage of a massive uncapped 4% transfer offer from Webull. But I have been using Fidelity as my brokerage for new money (primarily came from the sale of those businesses) which I could transfer to Schwab. Fidelity's desktop app is not good for 2 leg trades.
Thanks.
Am I tripping or did Robinhood stick me good. just went through this bs with Robinhood
Could someone explain to me why Robinhood took my gains back saying it expired worthless when literally before bell they were green and showed closed. I might be changing my brokerage soon
This what my account read yesterday at 7690p but Robinhood took back the money saying it expired worthless when I had a 1.15 sell on 35 contracts. Them cons ran to close to 3 and closed at 2.00 end of the day
Bought 7690p at .55 limit order at 1.15 at 3:58p passed it ( the screenshots) 4pm got the money. 5pm all taken away. Those contracts closed on the day at 2.00
Anyone familiar with rispter clouds ? Or use emas for swings?
For those who trade a lot of short dated credit spreads or just have experience in general... How often do you find (0-1dte) vertical credit spreads exceeding 200-400%+ in value before eventually expiring worthless or rather.. at what point or percentage loss relative to the credit received do you believe most spreads are not worth holding onto. For example.. If the vertical spread in question has a 8:1 risk to reward ratio and intraday you're already down 7x the credit received, the odds of that spread closing otm are probably very low compared to closing when you're only down 1x the credit received but then you may lose out on potential wins closing so early.
I also understand that this question is exceptionally broad... Since it's incredibly dependent on the deltas sold at and what credit you're receiving since some spreads could have a 2:1 or 8:1 risk to reward so to narrow this down a little, I'm referring to very far otm.. Sub 10 delta vertical spreads on spx, with a 6:1 to 9:1 risk to reward. So collecting .50-.70 cents. At what pnl loss relative to the credit received would you abandon the trade or do you instead watch for key levels to break or complete invalidation of the trade to begin with instead of pnl primarily? Curious on your guys thoughts
Edit: For context, I usually close prior to 2pm (hate the gamma during and prior to power hour) for a 2x loss relative to credit received. I used to close sooner for a 1x loss but found myself closing too many winning trades so switched to 2x... And found the larger losses offsetting the extra winners to the point that my overall pnl difference from closing sooner didn't make a difference. It's profitable.. but just curious if there is a more optimal exit.
We’ve been hovering around 345ish for a few days, now at 340 where there’s some decent support. Went lower in the past few days with the settlement but looks like they could be back on the uptrend soon.
New to leaps so wanted the community’s thoughts.
Hello,
Sorry if this sounds newbie, I M still learning with lunch money and try to understand the basic.
In particular, I want to understand how I can "detect" the danger of setting a stop loss that is skipped/sold to a much lower value.
The (basic/stupid) idea is to take a bull expectation, set a max loss acceptable, buy a call with with auch greater capital and then set a stop loss to money invested - max loss.
Theoretically if the the stop loss is filled immediately and without slippage the maximum loss is defined, while the upwards trend catch a much higher value due to the entire capital invested, instead of buying the call with only the max loss money.
I know the risk associated with the stop loss, but my question is rather how do you assess these risk? What are the variables to look at to understand that the stop loss won't be met and in what degree?
I take as an example a trade that I would have liked to do but at the end I didn't.
On August 5th, Hertz was 1.5. 2C expiring on August 7th was 0.01 after a good news about revenue. Suppose I buy 10k USD worth with a stop loss of 7.5k USD, willing to lose 2.5k.
At closing on August 7th the stock was valued 2.26, this means that exercising and selling at that price (or even a bit lower) would have generste 250k.
So the idea was, risking 1k in the first hours of the trade (in case the stock goes down, since the call was already very cheap maybe someone would buy it back at discount) or if it runs catch a much greater rewards. Risking 2.5k to win 250k.
So the entire point was, I want to challenge my assumption that I would fill easily that 2.5k, because it seems too good to be true.
Please don't bash me, I'm not a degenerate, I didn't make the trade especially because I'm aware that if something appears to be too no brainier, probably I'm not understanding something.
Thaanks!
Title says it all.
Is it possible to reduce the typical $2.25 per contract? Would love to incorporate options on futures due to the benefits of SPAN margin but the commissions are too high.
Really don't want to switch brokers so wondering if anyone has been successful reducing them and what they did to do so...Thanks!
I would be grateful for Any tips or guidance on how to study the pre-market such as news so when the market opens you know what too look for and what too trade, how long before the market opens do you tend to study for , and things of that sort, currently trading the same sticks because I don’t know what to look for
I keep watching people on here every day complaining that options are so hard and they keep losing money so maybe this post can help some of ya'll out.
For one, DON'T trade options if you have no idea what you're doing. Take some time and learn the fundamentals. There are fantastic ebooks on this that aren't AI SLOP, or resources online which can help you actually understand things like the Greeks, hedging, liquidity, algo etc. that you NEED to know before trading options or else you're just gambling.
Two, stop playing options if you can't afford to lose the money or don't have the mental state required to trade options successfully. If you're scared to lose money and panicky in general - this isn't for you.
Three, if you don't actually know what you're doing - put your phone down and learn paper trading and not in a cash account.
Please learn the fundamentals, position sizing and everything else before you trade live. And please stop crying about losses and asking others for advice. Only you are in charge of your account. The casino isn't for everyone.
Today i just dropped 11k into a google option at a $379 strike price. I figured Google is a safe investment and is bound to reach $400 again in the future. Am I cooked? The option expires in 2028
I sold 4x naked wide strangles going into last earnings, when the Oct IV far way far OTM options were at around a 104% IV (we are talking like 30% out of the money)
I sold that strangle and struggled hard to hedge it through the down slide of chips, but the holding of that insurance paid off big time
had to roll and use short term options to hedge the bleed, but the IV on these have finally collapsed almost 40%
Up 40k the past 3 months alone
Long term options work when you allow then to work, I will never have my core options positions be short term again