r/thetagang

Daily r/thetagang Discussion Thread - What are your moves for today?

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

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u/satireplusplus — 17 hours ago
▲ 16 r/thetagang+2 crossposts

What do you look for in Options screeners?

I'm working on trying to build one of the best Options screeners, starting with Options selling. This is a first pass at the screener but honestly it still needs some work. Any feedback would be helpful.

The initial goal was to offer some pre-built filters and also provide a variety of options. I couldn't fit all filters in the screenshot but there is also Stock Price, avoiding stocks expiring after earnings, and near Call and Put Gamma walls, which has provided very useful. Any feedback would be appreciated!

u/Halo-nm — 16 hours ago

Daily r/thetagang Discussion Thread - What are your moves for today?

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

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u/satireplusplus — 1 day ago

What are some ways to make $100 a day with 50k ?

Are there ways to do it consistently ? Has done this ? Is it even possible ? Share your thoughts.

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u/NubyTrader — 2 days ago

Has anyone started a business for your trading

Now that I’ve retired early, this option has been on my mind. Has anyone done this and should you recommend it? I’m curious if the write-offs out way the self-employment taxes. What “gotchas” to watch out for. Etc.

For clarification: US business/trading question.

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u/Alive_Bid7229 — 2 days ago

Daily r/thetagang Discussion Thread - What are your moves for today?

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

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u/satireplusplus — 3 days ago

Thoughts on SpaceX IPO

This is as insane as PLTR's valuation. It's valued based on earnings it couldn't possibly see for years. I did a Sum-of-the-Parts breakdown by using current publicly traded companies relative to each business unit and found a more sensible valuation of $770B.

I plan to deploy a Short Risk Reversal with a protective call that expires after the lockup period once share price and volume start to levels out.

I expect this movie to play out in a fashion similar to Rivian's IPO.

youtu.be
u/MakingMoneyIsMe — 2 days ago

Daily r/thetagang Discussion Thread - What are your moves for today?

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

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u/satireplusplus — 4 days ago

You do you. Me I do under cost basis weekly calls.

Cost basis erosion $25k in three months. Everyone here make it seem it’s a sin going under cost basis.

u/Earlyretirement55 — 3 days ago

trading bot update $109 profit

day 2 of experimenting & building a trading bot, and this was the 2nd trade by the bot.

today was tricky because stock went down ~10 when i got ready to trade. interactive brokers didn't give me all valid greeks so i had to manually pick a strike.

i generally pick between 5-15 delta options. the 420c was about 11 delta. premium was low but i still approved the trade

running pnl: $109 im calling this 'breakeven' because it pays my AI (codex) monthly subscription cost

stack:
- my simple trading rules
- interactive brokers
- codex

https://preview.redd.it/kjwi0kai9z1h1.png?width=1370&format=png&auto=webp&s=5a3f0f3650f3d082e109988c847528f3ddb18d92

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u/foresttrader — 3 days ago

Best tickers for options shorter than weeklies?

I sell mostly weeklies on a couple tickers which has worked for me to varying degrees over the past couple years. However, I'm also attracted to the idea of selling daylies (or mid-week expiry options) because I just love the quick theta burn. I'm looking to sell on tickers that are on the less volatile side, or at least on companies that I'm fairly confident will eventually go back up even if they go under my strike price for some time. I've done this a few times with META and it's worked pretty well; does anyone else have any tickers they might do this with?

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u/superchorro — 3 days ago
▲ 139 r/thetagang

I learned my lesson boys, never deviating from thetagang again. The one week when I had switched over to daytrading options I got obliterated.

Had I stuck to it and not gotten greedy my portfolio would be sitting really pretty right now. Let this be a warning to all to stay away from day trading options and doubly true for 0 DTEs.

Nothing beats time decay combined with buying and holding great companies.

u/T1m3Wizard — 4 days ago

setup for managing my long term holds

What do you think can be improved/added within these alerts?

The idea is to set up the rules/alerts and notifications via email. The simpler the flow is, the better for me.

Full flow or whatever you wanna call it

The black image is my email - and that's already cleared out for today.

Thanks!

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u/TheDavidRomic — 3 days ago

Looking for Legit Investing & Trading YouTubers — Suggestions?

Who are some of the top YouTube financial experts and creators to follow for insights on investing, trading, and the financial markets?

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u/Kora710 — 3 days ago

Daily r/thetagang Discussion Thread - What are your moves for today?

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

reddit.com
u/satireplusplus — 5 days ago

Broke my own rules on expiration windows, and got smashed on upside "loss"

Previously, I would never, ever, write longer than 14 days, and usually more like 4DTE in most cases. That brought me a tight window where I understood the delta and how much I'd be leaving on the table when calls out-performed and I was assigned.

For reasons that I won't get deeply into (basically my broker got annoying unavailable and I wasn't self-directed yet), I just got aggravated and wrote calls out to 6/18. Got totally wrecked. I mean, I didn't "lose" money, but I left like $80,000 on the table.

Never again!

u/BabyJesusAnalingus — 4 days ago

I have a ton of cash right now, not sure how much to sell puts on

I want to sell puts with my cash and I have around 20k usd cash in my account. So far I wrote two 30 dte puts taking around 13k of the cash levels. I’m curious how much cash do yall sell puts on and if you just keep premium as cash or you reinvest right away?

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u/iloveaccounting64 — 5 days ago

Outdoor Korean BBQ - pork belly and kimchi with all the sides

Cooked by yours truly.

u/MostlyH2O — 5 days ago