r/optionstrading

SNDK Puts

SNDK Puts

Sold way too early but I couldn’t watch the market that day so I sold at market open. I didn’t want SNDK to reverse when I wasn’t looking and lose all my money. My positions went on to be worth $657k but I made a good profit and that’s all that matters.

u/flmantrll — 7 hours ago

ANOTHER TRADE I WENT IN WITH!

New Trade Opened Thursday!

One Trade I opened for a potential swing 📈

Lumentum (LITE) had a big red day yesterday before market close along with other big AI stocks like Micron and Sandisk 👀

In looking at the options data, there was quite a bit of bullish positioning that happened on LITE yesterday before the long weekend with over $5 million in premium that came into calls with a $770 strike 👀

In looking at where dealers are positioned in the options chain, biggest level is 700, followed by 800 and then 750, showing signs of potential bullishness on the stock 🐂

Using this, I decided to go in with a Put Credit Spread that is a 700/695 spread. This gave a potential premium of $160 and a max loss of $340, so not a crazy risk to reward ratio. Hoping that this get a quick bounce Monday morning and we can take some profit on it 💰

u/FridgeFinancials — 10 hours ago

Getting started

So i just started trading options like just last friday, bought my first call option on $PLTR one contract, strike call of 130$ expiring on the 10th of july. Just to test option trading out first. I did this call cause i been seeing it l hold that 130 line quite well also this stock has been bullish for a few days and it tried to break that strong 133 last friday but failed, still i see it being able to break it next week. Althought i know i might have entered it a little too late as 130 to the range of 133-135 risk to profit is not that good.

I have placed 10k on my account to start and im just rrying to make maybe like 150-300$ per day. Any tips or maybe like any advice yall would give

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u/Marc_Lim — 18 hours ago
▲ 40 r/optionstrading+2 crossposts

0dte run, currently $25k in 3 weeks

First and foremost, I do not recommend trading 0dte! If you have enemies, convince them to trade 0dte’s and enjoy their downfall. With that said, I’m looking for advice from some experienced traders.

I don’t normally trade 0dte’s and do have a successful wheeling portfolio, but still a beginner. I was toying around with 0dte’s and went on a good run. I noticed that my sizing increased at times and this was magnified due to impatience. There are alot of emotions to deal with once you open this door. Any suggestion on ground rules to keep myself in check? Thanks!

u/Monster1971 — 1 day ago
▲ 21 r/optionstrading+1 crossposts

Options trading and life ruined

From 2009 to 2013 I was trading stocks .. Finally by the end of 2013, I was able to do well in stocks.

Then came 2014 and I found out about options .. within a month I was broke .

This continued until 2019- when I would lose every year trading options.

End of 2019, finally made 100k through options from betting 25k on a stock with expiration 6 months later..

Then came COVID.. lost all the 100k within weeks

Then came stimulus ..got 10-15k as stimulus plus another 20k loan for the small business we had ..

By the end of 2020– that money again went up to 100k then lost again ..

By May 2021, I was divorced. My wife had enough . She kept the business which was still closed at the time in San Francisco coz of second wave of covid ..

Got another loan from family.. around 10k.. end of 2021 and now single without any work experience since years ago .. again turned that money into 120k then lost it all by early 2022..

Since 2022.. I have worked minimum wage jobs .. and I have never seen my trading account touch 20k .. in fact .. I would lose it all sooner or later..

Finally now in 2026- I have accepted that my mind is not made for trading . As I can not distinguish between real money and trading excitement..

Lost 2 decades of my life in this crazy endeavor.. I have lost touch with almost everyone I used to know ..

No matter what happens in future - I have decided never to trade in the stock market again . No matter how hard it may become . Some people are simply not suited to trade options and I am one of them. Took me too long to realize .. Now almost 50 years old - my daughter does not talk too me .. my siblings don’t talk to me .. it’s crazy how it is ..

I take full responsibility for my actions and hopefully I will find some peace

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anyone excited to trade the new CME MNQ and MES cash settled futures options?

CME is seeking to replace the micro options with cash settled versions so they carry no early assignment risk, and also you can trade 24-7

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u/Ready-Molasses-7093 — 1 day ago
▲ 99 r/optionstrading+1 crossposts

Easy 1.5x Glizzy 4th July Play

Joey Chestnut Easy 1.5X

Alright everyone hear me out!

Joey Chestnut is quite possibly the greatest 4th of July throat goat that ever lived. There is no question that he is the Tom Brady, Michael Jordan, Tiger Woods of destroying the glory glizzy. He has won 17 times. Most years there isn’t even a close competitor.

DKNG currently has Joey Chestnut at -2500. Absolutely the most garbage odds on the planet. Thats bet $10,000 and profit $400.

However there is a sweet little money line. Some call it the money meat play. The bologna banger. The 1.5 X Bacon Back play.

Joey Chestnut +20 Glizzies = +$150

That means for every $100 you bet on this American legend you are guaranteed $150

Last year he took out second place by a +24 hot dog margin. Thats +20%. I’ve heard Joey is having his best year ever! He’s a glizzy gobbling fool!!!!

Easiest money out there right now. You’re DAF for not going in hard or sending the whole house.

Let’s go Joey! Happy 4th of July!!

u/JohnHoney420 — 2 days ago
▲ 0 r/optionstrading+1 crossposts

If your algo had a 95.5% win-rate across 27 realtime trading days, only the sky is the limit

We've devised an algo with a straight 95.5% win-rate. Currently we won 17 days in a row & counting. These trades have all been made & tested on REALTIME trading days. These are the current results:

1 may 26 2026 - detect at 7537.74 bear call - close at 7519.47 - good credit - WIN
2 may 27 2026 - detect at 7506.82 bull put - close at 7521.29 - good credit - WIN
3 may 28 2026 - detect at 7565.70 bear call - close at 7563.43 - good credit - WIN
4 may 29 2026 - detect at 7601.33 bear call - close at 7581.25 - good credit - WIN
5 june 1 2026 - late detect past 3PM - no play
6 june 2 2026 - no play
7 june 3 2026 - detect at 7559.63 bull put - close at 7556.82 - good credit - LOSS
8 june 4 2026 - no play
9 june 5 2026 - detect at 7542.75 bear call - close at 7384.67 - good credit - WIN
10 june 8 2026 - detect at 7444.67 bear call - close at 7405.81 - good credit - WIN
11 june 9 2026 - detect at 7476.56 bear call - close at 7386.35 - good credit - WIN
12 june 10 2026 - detect at 7389.69 bear call - close at 7279.38 - good credit - WIN
13 june 11 2026 - no play
14 june 12 2026 - detect at 7453.69 bear call - close at 7430.86 - good credit - WIN
15 june 15 2026 - detect at 7568.41 bear call - close at 7555.26 - good credit - WIN
16 june 16 2026 - detect at 7569.32 bear call - close at 7511.22 - bad credit (10pt) - WIN
17 june 17 2026 - no play
18 june 18 2026 - detect at 7568.05 bull put - close at 7500.71 - good credit - WIN
19 june 22 2026 - detect at 7568.60 bull put - close at 7472.13 - good credit - WIN
20 june 23 2026 - detect at 7404.28 bear call - close at 7368.68 - good credit - WIN
21 june 24 2026 - detect at 7361.61 (7355/60) bull put - close at 7359.60 - good credit - half-WIN (40$ per contract loss)
22 june 25 2026 - detect at 7350.68 bull put - close at 7358.16 - good credit - WIN
23 june 26 2026 - detect at 7355.40 bear call - close at 7338.39 - good credit - WIN
24 june 29 2026 - detect at 7346.74 bull put - close at 7438.84 - good credit - WIN
25 june 30 2026 - detect at 7503.72 bear call - close at 7496.30 - good credit - WIN
26 july 1 2026 - detect at 7486.39 bear call - close at 7483.23 - good credit - WIN
27 july 2 2026 - detect at 7542.14 bear call - close at 7483.24 - good credit - WIN

total 27 days total / 21 wins / 1 loss / 22 total days detected

What would your guys' reaction be? I asked chatGPT a question "If after 17 out of 21 trading days doing 1, -2.1 credit spread per day, only 1 day was a loss, and 4 days were just no trades. If I start with 1 spread a day for the first month and then double every month. How much $ will I have by month 2, 4, 6, 12"

To which it replied:

https://preview.redd.it/9s2c7c52c2bh1.png?width=1682&format=png&auto=webp&s=194be10489d3f189e75e9ccfb0fdefdc6381066b

At first we were thinking about selling it, before we had enough realtime statistics to validate the algorithm, but after seeing it work as well as it is, in realtime ... we are going to keep it private to a very small select few individuals & only a profit-sharing model.

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u/Coderboy55 — 2 days ago
▲ 5 r/optionstrading+5 crossposts

Spx 500 -- Before I Formed Thee..I Knew Thee

>Colossians 1:16-17 For by Him were all things created, that are in heaven, and that are in earth, visible and invisible, whether they be thrones, or dominions, or principalities, or powers: all things were created by Him, and for Him: And He is before all things, and by Him all things consist.

>Philippians 2:10-11 That at the name of Jesus every knee should bow, of things in heaven, and things in earth, and things under the earth; And that every tongue should confess that Jesus Christ is Lord, to the glory of God the Father.

>Jude 1:24-25 Now unto Him that is able to keep you from falling, and to present you faultless before the presence of His glory with exceeding joy, To the only wise God our Saviour, be glory and majesty, dominion and power, both now and ever. Amen.

u/hairy_zub — 3 days ago
▲ 38 r/optionstrading+1 crossposts

20 mins till close! YOLO'd KLAC my entire life savings 457B and all $250grand What could go wrong?

u/venzeive — 3 days ago
▲ 4 r/optionstrading+1 crossposts

Im looking for a mobile app that allows me to pick a date and test out a strategy that ive been working on.

Basically, I want to test out my entry and exit points, indicators and strike prices before I do it for real. I kmow I can use paper trading when the markets open but I want to train when the markets closed as well.

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u/nastibass — 2 days ago

Aapl made it simple today

Bought this before market closed yesterday. Was trying to get 2 of them, but only got a partial fill in my order. But it was still a win for me🔥

u/Individual_Expert_53 — 3 days ago

Does anyone want to test my algo (paper)?

I've created an options trading algo that returns roughly 10-20% on your portfolio per day (mainly from trading 0dtes).

Backtested across 7 months, I've finally used it live for the past 2 weeks and it's been remarkably consistent.

Wondering if anyone wants to help me forward test on a paper account and tell me if the edge is really there or just noise.

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u/Axonum — 3 days ago