Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » *Official* Options trading thread: Why Alpha/Beta when you can Theta?
  1. Results 1 to 30 of 1334
  2. Page 1 of 45
  3. 1
  4. 2
  5. 3
  7. Last

Thread: *Official* Options trading thread: Why Alpha/Beta when you can Theta?

post 1629558193 01-24-2021, 02:40 PM
-
#1
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038

*Official* Options trading thread: Why Alpha/Beta when you can Theta?

Here it is fellas let's do it! Any and all option discussion belongs here no matter which side of the trade you are on. Obviously we have a high theta gang presence, but a lot of us still buy plain ol' calls and puts for big opportunities. Only rule is keep it civil and on track. NO POLITICAL POSTING if it isn't directly related to your positions.

How to Options:https://www.investopedia.com/options...torial-4583012



Calculator:
https://www.optionsprofitcalculator.com/


Tracker:

https://thetagang.com/


Great resource for selling options:
https://www.reddit.com/r/thetagang/
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1629558513 01-24-2021, 02:43 PM
-
#2
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Inn
post 1629561783 01-24-2021, 03:11 PM
-
#3
  1. matiemcgee123
  2. Registered User
  1. matiemcgee123
  2. Registered User
  3. Join Date: Jun 2010
  4. Posts: 2,517
  5. Rep Power: 3734
in .
Cheeky Kent
post 1629564263 01-24-2021, 03:34 PM
-
#4
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1629573013 01-24-2021, 04:39 PM
-
#5
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Looking to get some AMD $100C tomorrow if I can get a good price and sell before earnings
post 1629573363 01-24-2021, 04:42 PM
-
#6
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Originally Posted By RobParks2M⏩
1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao
I wanna try this but don’t know anything about spreads. Let us know if you go through with it
post 1629576753 01-24-2021, 05:14 PM
-
#7
  1. SazabiBrah
  2. Registered User
  1. SazabiBrah
  2. Registered User
  3. Join Date: Nov 2014
  4. Age: 36
  5. Posts: 10,352
  6. Rep Power: 35984
Originally Posted By RobParks2M⏩
1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao
Das it mane
post 1629578433 01-24-2021, 05:31 PM
-
#8
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Thanks for making this thread. Been too busy and mind has been elsewhere to put anything substantial together. One suggestion, if someone makes a detailed post explaining something, maybe edit the OP to include a link?
Originally Posted By RobParks2M⏩
1st page thread I bring you: Potential x10 on your money.

CCIV: vertical call spread

Buy March $35 calls
Sell March $40 calls

Buy limit between $30 and $50 each contract.

Almost guaranteed ayy lmao
Thinking about this, if prices are right. Just not sure if I should be responsible and do 10 contracts, or a Degen and go 100


Also, Rob posted a link to the theta gang sub, but the best to look for are the ones coming from Swaggy. He posts a weekly highest IV thread

https://www.reddit.com/r/thetagang/c...h_iv_and_more/

Disclaimer: There is a reason why IV is high, so proceed with caution.
"It won't get better, just different."
post 1629578743 01-24-2021, 05:34 PM
-
#9
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By chino3⏩
Thanks for making this thread. Been too busy and mind has been elsewhere to put anything substantial together. One suggestion, if someone makes a detailed post explaining something, maybe edit the OP to include a link?



Thinking about this, if prices are right. Just not sure if I should be responsible and do 10 contracts, or a Degen and go 100


Also, Rob posted a link to the theta gang sub, but the best to look for are the ones coming from Swaggy. He posts a weekly highest IV thread

https://www.reddit.com/r/thetagang/c...h_iv_and_more/

Disclaimer: There is a reason why IV is high, so proceed with caution.
Each contract costs $50... $1,000 gets you 25
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1629579513 01-24-2021, 05:41 PM
-
#10
  1. SazabiBrah
  2. Registered User
  1. SazabiBrah
  2. Registered User
  3. Join Date: Nov 2014
  4. Age: 36
  5. Posts: 10,352
  6. Rep Power: 35984
Phuck, I just realized in order to do a call spread through my brokerage I need to apply for an extra options upgrade, which I just did, but it might take a couple days. I might be forced to buy straight shares, fuark
post 1629581633 01-24-2021, 06:02 PM
-
#11
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Originally Posted By RobParks2M⏩
Each contract costs $50... $1,000 gets you 25
True, but 10x $5k is way more hnnnggggg. Might be too early in the year to be so reckless though
"It won't get better, just different."
post 1629582023 01-24-2021, 06:07 PM
-
#12
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Put the numbers for the CCIV spread into the optionsprofitcalculator and it looks like the max profit would be if you hold til expiry?
post 1629582083 01-24-2021, 06:07 PM
-
#13
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
  3. Join Date: Feb 2010
  4. Location: United States
  5. Posts: 11,178
  6. Rep Power: 15442
in on first page, theta farming T, pretty lame I know but it's steady gains.
STEM Wagie Brah
Oil/commodity based trader
post 1629582523 01-24-2021, 06:12 PM
-
#14
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Originally Posted By NoScrubz⏩
Put the numbers for the CCIV spread into the optionsprofitcalculator and it looks like the max profit would be if you hold til expiry?
Max profit would be if it expires at or above $40.
Originally Posted By SipNPiz⏩
in on first page, theta farming T, pretty lame I know but it's steady gains.
Oof talk about grinding... That’d be like playing Diablo II and staying in Act 1 until level 30 without upgrading skill trees
"It won't get better, just different."
post 1629582633 01-24-2021, 06:14 PM
-
#15
  1. Heaney
  2. Registered User
  1. Heaney
  2. Registered User
  3. Join Date: Feb 2007
  4. Location: Ontario, Canada
  5. Posts: 14,245
  6. Rep Power: 28302
Originally Posted By chino3⏩
Thanks for making this thread. Been too busy and mind has been elsewhere to put anything substantial together. One suggestion, if someone makes a detailed post explaining something, maybe edit the OP to include a link?



Thinking about this, if prices are right. Just not sure if I should be responsible and do 10 contracts, or a Degen and go 100


Also, Rob posted a link to the theta gang sub, but the best to look for are the ones coming from Swaggy. He posts a weekly highest IV thread

https://www.reddit.com/r/thetagang/c...h_iv_and_more/

Disclaimer: There is a reason why IV is high, so proceed with caution.
Chino traded from RKT crew to CCIV crew for a 1st rounder and a poster to be named later.
post 1629583053 01-24-2021, 06:19 PM
-
#16
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Originally Posted By chino3⏩
Max profit would be if it expires at or above $40.
Nice just noticed that. Might just go for 100 contracts if I can unload half my shares tomorrow at a good price. Would just be playing with profits.
post 1629585303 01-24-2021, 06:49 PM
-
#17
  1. kyle1922
  2. ten inches plus
  1. kyle1922
  2. ten inches plus
  3. Join Date: Feb 2011
  4. Location: United States
  5. Posts: 2,148
  6. Rep Power: 8706
PLTR 1/29 35c, BB 2/12 18c, EXPR 4/16 3c, CCIV 3/19 40c

In for muzzin on Mt Olympus or financial ruins.
Be yourself, Better yourself, Love yourself
*6'3 alpha master race crew*
*Trust Fund baby crew*
*Never MISCd sober crew*
post 1629601313 01-24-2021, 09:29 PM
-
#18
  1. SniXSniPe
  2. Registered User
  1. SniXSniPe
  2. Registered User
  3. Join Date: Nov 2008
  4. Location: United States
  5. Posts: 2,326
  6. Rep Power: 5201
Covered calls are not an investment, they are a lifestyle

gang gang **** cuz
post 1629602603 01-24-2021, 09:46 PM
-
#19
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Just checked my broker and the call spread looks pretty straightforward. Gonna try this tomorrow

post 1629628253 01-25-2021, 07:33 AM
-
#20
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
don't have account properly set up to do a spread fuk.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1629628353 01-25-2021, 07:35 AM
-
#21
  1. NoScrubz
  2. Registered User
  1. NoScrubz
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,143
  6. Rep Power: 2113
Originally Posted By RobParks2M⏩
don't have account properly set up to do a spread fuk.
Trying to do it but there's no bids/asks wtf??
post 1629628893 01-25-2021, 07:44 AM
-
#22
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By NoScrubz⏩
Trying to do it but there's no bids/asks wtf??
Now its telling me for 25 contracts I don't have the buy power for it... I'm irate. I have $100k buy power how is that not enough?

EDIT: dammit gotta wait a day for account upgrade.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1629629883 01-25-2021, 07:57 AM
-
#23
  1. SazabiBrah
  2. Registered User
  1. SazabiBrah
  2. Registered User
  3. Join Date: Nov 2014
  4. Age: 36
  5. Posts: 10,352
  6. Rep Power: 35984
Originally Posted By RobParks2M⏩
Now its telling me for 25 contracts I don't have the buy power for it... I'm irate. I have $100k buy power how is that not enough?

EDIT: dammit gotta wait a day for account upgrade.
brah I posted the same thing yesterday, you should have confirmed with your brokerage lol
post 1629631073 01-25-2021, 08:15 AM
-
#24
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By SazabiBrah⏩
brah I posted the same thing yesterday, you should have confirmed with your brokerage lol
I thought I had max on everything. Already got full margin.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1629631153 01-25-2021, 08:16 AM
-
#25
  1. SazabiBrah
  2. Registered User
  1. SazabiBrah
  2. Registered User
  3. Join Date: Nov 2014
  4. Age: 36
  5. Posts: 10,352
  6. Rep Power: 35984
Originally Posted By RobParks2M⏩
I thought I had max on everything. Already got full margin.
you still holding any shares? i just put a ton of money in @ $26.... pray for me lol
post 1629631793 01-25-2021, 08:25 AM
-
#26
  1. Slamt
  2. Registered User
  1. Slamt
  2. Registered User
  3. Join Date: Jan 2013
  4. Age: 32
  5. Posts: 10,874
  6. Rep Power: 35518
Account now near 100% on XRT Feb puts

oh lawddd
post 1629632303 01-25-2021, 08:32 AM
-
#27
  1. SazabiBrah
  2. Registered User
  1. SazabiBrah
  2. Registered User
  3. Join Date: Nov 2014
  4. Age: 36
  5. Posts: 10,352
  6. Rep Power: 35984
Originally Posted By Slamt⏩
Account now near 100% on XRT Feb puts

oh lawddd
gjdm! How much you have total now?
post 1629633483 01-25-2021, 08:47 AM
-
#28
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Fukk it. CCIV 35c/40cc 2/19 x50 @$.6
"It won't get better, just different."
post 1629636443 01-25-2021, 09:18 AM
-
#29
  1. Slamt
  2. Registered User
  1. Slamt
  2. Registered User
  3. Join Date: Jan 2013
  4. Age: 32
  5. Posts: 10,874
  6. Rep Power: 35518
Originally Posted By Slamt⏩
Account now near 100% on XRT Feb puts

oh lawddd
Shoulda went full retard and bought weeklies

bought and sold around same spot in the underlying and NEXT MONTH's puts were up 50% from the autists chasing

feels good man

edit: other s/s had too much personal info
Originally Posted By SazabiBrah⏩
gjdm! How much you have total now?
sold everything up 25-50% different entries

post 1629637593 01-25-2021, 09:30 AM
-
#30
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By chino3⏩
Fukk it. CCIV 35c/40cc 2/19 x50 @$.6
It's a nice position. I've got 3/19 CCIV 35c/40c x5 @$.7 I was concerned about how long it was gonna take.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts