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Forum » More General Categories » Education/Career/Finance » *Official* Options trading thread: Why Alpha/Beta when you can Theta?
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Thread: *Official* Options trading thread: Why Alpha/Beta when you can Theta?

post 1631039363 02-10-2021, 10:06 AM
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#241
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
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Originally Posted By chino3⏩
I am 99% sure you can't post a performance chart w/o deposits, but I go to accounts, balances, history. Otherwise, you have to pull a monthly statement and review COST BASIS.
That's annoying. I haven't added at all in 2021 so I can post that still I suppose.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1631039993 02-10-2021, 10:14 AM
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#242
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
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Originally Posted By TugOfPeace⏩
You could attempt to recreate the graph in excel without your deposits lol
Yeah but then I could just make up the numbers as I go couldn't I? It wouldn't make very good proof lmao!
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1631043873 02-10-2021, 11:01 AM
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#243
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
  1. SipNPiz
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Originally Posted By SipNPiz⏩
Starting a boomer wheel on KO, think it’ll go below 48 for earnings next week?
Closed for a profit today! Looking at selling another CSP
STEM Wagie Brah
Oil/commodity based trader
post 1631048193 02-10-2021, 11:51 AM
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#244
  1. usersignup2
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  1. usersignup2
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Originally Posted By RobParks2M⏩
Yeah but then I could just make up the numbers as I go couldn't I? It wouldn't make very good proof lmao!
I posted mine but I doubt anyone really cares. Doesnt matter anyways. Your gains are your gains. Screenshot if you want.

If anyone really wanted to dick measure there would be a request to post 5 or 10 year gains and then post 2020 gains separately. Everyone was a genius last year including myself. Lol.
post 1631049193 02-10-2021, 12:00 PM
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#245
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
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@dopamine here is YTD as of yesterday. Had about a $1.5k jump today that'll show tomorrow. Very pleased with 2021.


Spoiler!
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1631049383 02-10-2021, 12:02 PM
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#246
  1. Harry362
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added 10 CSP on IPOE today

3/19 20p for $1600

24 covered calls on FTOC for $25 each 2/19 15
post 1631049563 02-10-2021, 12:05 PM
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#247
  1. chino3
  1. chino3
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CSP list for ARK

expiry___symbol____strike(s)__open filled
02-19-21 - ARKF $51.82p @ $1.893 - -
03-19-21 - ARKF $59p @ 2.6 - -
02-19-21 - ARKG $102.21p @ $5.693 - -
03-19-21 - ARKG $111p @ $6.8 - -
02-19-21 - ARKK $146p @ $5 - -
02-19-21 - ARKQ $90p @ $3.763 - -
03-19-21 - ARKQ $94.34p @ $3.5 - -
02-19-21 - ARKW $160p @ 7.3 - -
03-19-21 - ARKW $180p @ 8.92 - -

If anyone notices, I don't have two setup for ARKK, reason being last month I accidentally opened one for a 1/29 expiry and got assigned. So already have some lol.
"It won't get better, just different."
post 1631050083 02-10-2021, 12:11 PM
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#248
  1. Heaney
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Originally Posted By usersignup2⏩
Everyone was a genius last year
You must have missed the proud members of the cash crew "waiting for a correction" all year in 2020 in the main thread. Not to mention the CEO of the -100K crew telling us every red day we were heading back to 15K lol.
post 1631057213 02-10-2021, 01:26 PM
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#249
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
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Someone bought my THCB CSP 3/19 17.5 strike for $1.60 ayy lmao hope it doesn't ruin me
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1631126513 02-11-2021, 09:06 AM
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#250
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
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Etwo position still heavily underwater lmao.

I've got 200 shares. Sold July $10C for $2.25 and July $12.5 for $1.60 -- if these both hit I'll be quite happy to unload. If not I'll have dropped my average cost significantly.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1631126683 02-11-2021, 09:09 AM
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#251
  1. Carbonfibre
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  1. Carbonfibre
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Bought ACB puts


75 of $13P.

2/19.


I am thinking earnings will not deliver today. Not on this hype level at least.
post 1631132543 02-11-2021, 10:32 AM
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#252
  1. Carbonfibre
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  1. Carbonfibre
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damn should have bought TLRY puts as well.


those are printing even harder


1200%
post 1631135503 02-11-2021, 11:07 AM
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#253
  1. chino3
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Originally Posted By TugOfPeace⏩
Is it ever a good idea to buy deep ITM call options on red days?
Probably the best time, unless there is something fundamentally flawed with the asset
Originally Posted By TugOfPeace⏩
Also: The biggest risk of a call option is losing the premium, right? If the stock price moves to zero it doesn't matter, I only lose the premium
Correct. BTO options: max risk is capped at the premium paid, max reward is difference in strike price and settled price minus premium paid
STO options: max risk, difference in strike price and settled price, max reward is capped at premium received.
"It won't get better, just different."
post 1631144303 02-11-2021, 12:43 PM
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#254
  1. Carbonfibre
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Originally Posted By Carbonfibre⏩
Bought ACB puts


75 of $13P.

2/19.


I am thinking earnings will not deliver today. Not on this hype level at least.
Got out of this.

Sold all filled $0.98 to $1.01 from $0.3 buy

Probably will regret it, tmmrw. (IV is crazy so tmmrw would need ACB at $10 for gains)

ACB implied is +/- 25 percent today after earnings.




Idiot move not buying TLRY puts those are exploding even more now.
post 1631173123 02-11-2021, 06:43 PM
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#255
  1. SolidPaul
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How retarded is going all in with ARKX when it lists? Haven't made good options plays lately, seems like collecting theta has been good these last weeks. Might buy ARKX shares and sell calls on them. No idea, you have chit like BMBL going up 70% and actual good tickers with fundamentals are flat.
post 1631175443 02-11-2021, 07:15 PM
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#256
  1. Carbonfibre
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Originally Posted By SolidPaul⏩
How retarded is going all in with ARKX when it lists? Haven't made good options plays lately, seems like collecting theta has been good these last weeks. Might buy ARKX shares and sell calls on them. No idea, you have chit like BMBL going up 70% and actual good tickers with fundamentals are flat.
I don't think one big IPO has returned to its offering price.

laughable that BMBL is $70 from listing of $40.

RBLX that is offering 200 million shares (projected ipo price is $45) will probably hit $100 by time its offered to public.
post 1631206323 02-12-2021, 08:06 AM
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#257
  1. Carbonfibre
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Tesla March 19 puts are being hit over and over. At very low strikes far OTM.

Every day now.

Someone is looking for big correction on Tesla.
post 1631206813 02-12-2021, 08:16 AM
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#258
  1. Harry362
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  1. Harry362
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Did something a little different. I want to start a position on OPEN Opendoor but I dont want to pay $33/share.

Sold 5x January 2022 40p for $17.50 each. Either I get into Opendoor for $22.50 at the worst or I make $8750 if Opendoor is above $40/share by January of next year. It ties up $11,000 in collateral but if I made $8750 off of 11k in 11 months that is pretty sick
post 1631211133 02-12-2021, 09:11 AM
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#259
  1. chino3
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Originally Posted By Carbonfibre⏩
Tesla March 19 puts are being hit over and over. At very low strikes far OTM.

Every day now.

Someone is looking for big correction on Tesla.
Not happening unless something of substance actually comes out. If there were to be a big correction, the entire market would come down with it (note, WITH it, not BECAUSE of it). That said, I did adjust my current play, which looks like:

TSLA
3/19
STO $900p @ $100 x2
STO $850c @ $38 x2
STO $900c $23 x2

Max profit: $22k @ $850-900 at expiry
Break evens: $739, $950 (This is ONLY if I play the options alone, and not allow existing shares to get called away, or if the opposite direction don't take on assignment)

Tesla has some potential catalysts coming up over the next 45 days that could lead to some strong movement.
Originally Posted By Harry362⏩
Did something a little different. I want to start a position on OPEN Opendoor but I dont want to pay $33/share.

Sold 5x January 2022 40p for $17.50 each. Either I get into Opendoor for $22.50 at the worst or I make $8750 if Opendoor is above $40/share by January of next year. It ties up $11,000 in collateral but if I made $8750 off of 11k in 11 months that is pretty sick
Not bad. My only thing with these plays is how long it sits there as something I can't really touch for all that time. Also, if I didn't have portfolio margin, it would zukdik to have that much collateral tied up. I've been tempted to do similar things in my IRA, since I don't look at that even a fraction of what I do my trading account.
"It won't get better, just different."
post 1631217153 02-12-2021, 10:26 AM
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#260
  1. Harry362
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STO 5/21 AFRM 120p for $2170

Nice dip today, I am okay with assignment would hold for long
post 1631217203 02-12-2021, 10:28 AM
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#261
  1. Harry362
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Originally Posted By chino3⏩
Not happening unless something of substance actually comes out. If there were to be a big correction, the entire market would come down with it (note, WITH it, not BECAUSE of it). That said, I did adjust my current play, which looks like:

TSLA
3/19
STO $900p @ $100 x2
STO $850c @ $38 x2
STO $900c $23 x2

Max profit: $22k @ $850-900 at expiry
Break evens: $739, $950 (This is ONLY if I play the options alone, and not allow existing shares to get called away, or if the opposite direction don't take on assignment)

Tesla has some potential catalysts coming up over the next 45 days that could lead to some strong movement.



Not bad. My only thing with these plays is how long it sits there as something I can't really touch for all that time. Also, if I didn't have portfolio margin, it would zukdik to have that much collateral tied up. I've been tempted to do similar things in my IRA, since I don't look at that even a fraction of what I do my trading account.
11k is only around 5% of my portfolio now so I am fine with tying that up. $8750 profit off $11k if OPEN is above 40 in a year would be amazing and if I get assigned I am fine holding long
post 1631222613 02-12-2021, 11:44 AM
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#262
  1. Heaney
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Originally Posted By Harry362⏩
11k is only around 5% of my portfolio now
Lol I remember when we started that woulda been like 20% of your port. S'been a beauty year.
post 1631224213 02-12-2021, 11:58 AM
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#263
  1. Harry362
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Originally Posted By Heaney⏩
Lol I remember when we started that woulda been like 20% of your port. S'been a beauty year.
Sitting on 198k and close to $15,000 in put premiums if I avoid assignment, no including my long dated OPEN puts

After tax season settles I'll be able to start depositing again in April.


New goal for 2021 hit 300K......then pay $60k in taxes ugh lol
post 1631277333 02-13-2021, 03:30 AM
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#264
  1. SolidPaul
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Sold all my heavy positions today. Too scared to sell OTM puts. Think I'll wait for a day where it's deep red and open a position up. Buying one leg naked options hasn't been working too well for me (not sure about others). If I bought the underlying (shares), I would've made profit. Theta just eating my premium everyday.

Also VIX at the lowest since Feb crash. SPY puts back on the table?
post 1631283643 02-13-2021, 07:34 AM
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#265
  1. Carbonfibre
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VIX this low is messed up considering unemployment is still bad.

That covid stimulus check is no where close to being done.



I feel like SPAC and new IPO's seem like the easiest choice right now.

Any type of IPO instant doubling.

Spac's are trading on penny stock hype level.
post 1631285573 02-13-2021, 08:36 AM
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#266
  1. Heaney
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Originally Posted By Harry362⏩
Sitting on 198k and close to $15,000 in put premiums if I avoid assignment, no including my long dated OPEN puts

After tax season settles I'll be able to start depositing again in April.


New goal for 2021 hit 300K......then pay $60k in taxes ugh lol
Mint! Honestly I have no idea what to set for a goal. My goal in January was 125 Canadian by April and I'm at 289 right now lol........maybe my IPOF will tank and ill actually end up hitting my 125 goal after all lol
post 1631289813 02-13-2021, 09:52 AM
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#267
  1. Harry362
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Originally Posted By Heaney⏩
Mint! Honestly I have no idea what to set for a goal. My goal in January was 125 Canadian by April and I'm at 289 right now lol........maybe my IPOF will tank and ill actually end up hitting my 125 goal after all lol
Do you plan on using your new fat account to enter long long positions? I've got 1000 SOFI, BFT, and FRX I plan on holding long. I am opening some long dated CSP to enter some positions cheap or collect fat premium. Already have 5x Jan 2022 OPEN 40p for $8750 in premium, looking to do similar with PLTR maybe 10x Jan 2022 30p for $10,000


maybe look into selling large amounts of CSP on SPAC near NAV and collect some fat premiums
post 1631296753 02-13-2021, 11:34 AM
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#268
  1. chino3
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Originally Posted By hiyooo⏩
Lol, same I should've inversed the pump & dump by WSB/CNBC.HF's trojan horses are in social media & WSB other subreddits now.

I threw in some play money on calls. Terrible timing this time, didn't exit fast enough and got burned.

Negligible but gotta admit that greed got me a little this time.
Now?! Lol I’ve been saying this since October. I called it out specifically with PLTR leading up to the meteoric rise and then how it became a mere memory of WSB.

I even detailed how easy it would be to pump a stock through WSB when it was just a hair over 1mm members. If you can convince even half those retards, with a mere $1k, you have a half a billion dollar pump on the lowest average. And that’s why they target these low priced stocks. To sucker in as many marks as possible, because it looks “affordable.”
"It won't get better, just different."
post 1631299783 02-13-2021, 12:20 PM
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#269
  1. Heaney
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Originally Posted By Harry362⏩
Do you plan on using your new fat account to enter long long positions? I've got 1000 SOFI, BFT, and FRX I plan on holding long. I am opening some long dated CSP to enter some positions cheap or collect fat premium. Already have 5x Jan 2022 OPEN 40p for $8750 in premium, looking to do similar with PLTR maybe 10x Jan 2022 30p for $10,000


maybe look into selling large amounts of CSP on SPAC near NAV and collect some fat premiums
I'll probably end up riding the spac train until the wheels come off tbh. Almost everything else is at ATHs anyways right now.
post 1631300693 02-13-2021, 12:35 PM
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#270
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Originally Posted By TugOfPeace⏩
It would be pretty sweet to have a discord with half a million people in there, and one guy announcing for everyone to buy a single stock at a particular minute, and then sell at a particular time. All coordinated for massive gainz. Not like GME where half the people were buying and half were selling at the same time.
Fairly sure that would count as manipulation and illegal.
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