r/options

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?

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

Anybody traded a lot of double backspreads? (Mostly interested in 1dte or 0dte trades.) How'd that work for you?

Of course, backspreads need to be traded when a big move is expected. And the bane of backspreads is the "valley of death". But, the valley does not start to appear until about the 3rd hour of the expiration day.

If you have the discipline to close the whole thing early and are blessed with large directional moves overnight or in the opening hour or so, what's not to love?

Hiii,

I want to make sure I understand it right. I did lot of homework to understand leaps deep itm call options.

Let's talk about Google stock. I want to only buy deep ITM since I feel they are less risky as a beginner.

The current IV for google is historically lowest from the last 1 yr. Even the volatility is lowest in the last 1 yr. I calculated leverage and it comes out to be 2.6 which I believe is a good buy.

My current understanding is that if I buy a deep itm leap call option, I plan to sell it back during high volatility season and since it's a leap I have a lot of time. I think I should try to sell it irrespective of the expiry option before 3-4 months since theta decay starts to ruin everything.

I want some feedback on this strategy since this is my first time and I'm a bit nervous clicking the buy button.

Started trading SPY options for the first time by using probability/regression theory to pick strike prices for short iron condors. I am up 33.80% this week, let's see if I can keep it up!

https://preview.redd.it/jn7y8lt1okjh1.png?width=983&format=png&auto=webp&s=a9bc6ccdf6a7a56a5be2dbcabe75eb77a5a1e067

Anybody has a good approach to calculate risk adjusted returns on premium selling? For example Sharpe ratio needs standard deviation of returns, not sure where to get those from.

Or calmar ratio with average annual rate of return for some period divided by the maximum drawdown for that period. What would be the drawdown, mark to market? Or whole portfolio when positions close with negative PnL?

Reference ID: C2026081001

Applicable Cboe Exchange: Cboe Options

Start Date: TBD

Overview (UPDATED)

Effective on a date to be announced in a subsequent notice August 17, 2026, Cboe Options Exchange (C1) plans to expand trading hours for select equity options by establishing a morning Global Trading Hours (GTH) session and afternoon Curb session. Further communication will be provided in advance of the launch date. The updated weekend test schedule can be found below.

Hyperlink below 👇

https://www.cboe.com/notices/content/?id=61230

My 19-year-old son has been making thousands of dollars a month. I was confused where he got his income from, so I asked and he told me that he sells uncovered (naked) call and put options of Tesla. He told me that people like to buy “lottery tickets” and that he’s acting like an insurance company that gets the upside. He says that this idea is “genius” and that the people buying these calls are “gamblers”. So far, he seems to be doing quite well. What should I do?