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Forum » *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 1634074693 03-18-2021, 02:37 PM
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#541
  1. mikusk
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sold some HYLN and PLTR puts today, saving some ammo for possible continued dips tommorow
post 1634133673 03-19-2021, 08:57 AM
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#542
  1. chino3
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Thankfully I waited until today to go in on the RKT puts.

$RKT
STO
4/16
$22.89p @ $2.19 x20

Yesterday the same option was at $1.78. If assigned, cb will be <$21 which is a nice comfortable level to wheel at based on previous performance.


I'm really conflicted on my ARK csp's that expire today. I am getting assigned if I don't roll. It's really tempting, but I just hate rolling...
"It won't get better, just different."
post 1634135523 03-19-2021, 09:24 AM
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#543
  1. mikebadg3
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green trades

bto spy 3/19 $390C in .84
stc spy 3/19 $390C out 1.00

bto CSTE 4/16 $15C in .35
stc CSTE 4/16 $15 out .50 (half position)


red trades

BTO BA 3/19 $250P in 1.20
STC BA 3/19 $250P out .30


should of stopped out at .90, or .60. bought a few points from bottom and then it never went back down but it was only 2 contracts
post 1634166763 03-19-2021, 03:50 PM
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#544
  1. chino3
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Not sure if I should be happy or sad, but this has things looking good as of the past few days lol
Originally Posted By chino3⏩
Alright, new strategy time... I lost a lot of money, and am pissed, but motivated even more so.

First, got assigned on TSLA csp’s on Friday. While my CB is actually decent, I am still very red. So what now? I am writing covered calls at my original strike, every week, but in advance, for the next 4 weeks. So essentially a good portion will be naked calls. If I end up getting the shares called away before the next set of calls come up, I will do what I mentioned just a few posts ago about managing sold calls with aggressive csps. After a month, I will reassess the state of $TSLA and determine if I want to go super aggressive with covered calls, or just keep keep using what I have and with my original strikes as my reference point.
The only overly aggressive call I sold was 3/19 for $700. This thing was DEEP red for the past 2 weeks... And today it expires worthless smh

Still remaining I have:

3/26 - $730cc x2 (green)
4/1 - $730cc x2 (green)
4/9 - $730cc x2 (green)
4/16 - $730cc x2 (green)
4/23 - $725cc x2 (3% in the red)

So only question is, do I close these out at ~70% and either move on to the next week's worth, or hold out for a bump and reopen, or roll down... Rolling down is pretty much ruled out, because I might as well just let it expire completely. hmmmm.
"It won't get better, just different."
post 1634428153 03-23-2021, 09:28 AM
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#545
  1. chino3
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I really really wish GME options pricing were more reasonable. Projected earnings for ER today is like $.10 more than last year, but the stock was trading at $4 then, and is now near $200 lol. But I am really curious if they will do an offering. If they do this, I would expect a MASSIVE drop just after an initial spike. Why? Not only does dilution lower the price, but if there truly are more shorts out there thatwantto get out, and the original infinite squeeze thing was because "140% of shares are shorted!" then that means the infinite squeeze is gone, shares will be more readily available, and the stock value will be left with nothing but fundamentals and copium.

Originally Posted By TugOfPeace⏩
Is there an easy way to break even on a put? I opened a $687.50 put for TSLA this week, and have been trying to break even by opening a $700 call but this thing won't move much in either direction..
Depends on how much time until expiry tbh. Also, look into put spreads
"It won't get better, just different."
post 1634443853 03-23-2021, 12:41 PM
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#546
  1. chino3
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Originally Posted By TugOfPeace⏩
man, ameritrade is shady as fuk.
Originally Posted By TugOfPeace⏩
decided to close it out asap with a market order.check my order history and unless I'm mistaken, I sold it at a loss.
.
"It won't get better, just different."
post 1634450133 03-23-2021, 01:49 PM
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#547
  1. Carbonfibre
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Originally Posted By chino3⏩
I really really wish GME options pricing were more reasonable. Projected earnings for ER today is like $.10 more than last year, but the stock was trading at $4 then, and is now near $200 lol. But I am really curious if they will do an offering. If they do this, I would expect a MASSIVE drop just after an initial spike. Why? Not only does dilution lower the price, but if there truly are more shorts out there thatwantto get out, and the original infinite squeeze thing was because "140% of shares are shorted!" then that means the infinite squeeze is gone, shares will be more readily available, and the stock value will be left with nothing but fundamentals and copium.
Implied move on GME today earnings is +/- 33 %

put are leading calls today before close.

I think at this point its looking like GME is gonna open below $100 tmmrw after earnings.

Weak hands might get shaken or retail start buying again due to fomo.

Gonna be pure coin flip what happens tmmrw.


Volume is stupid low for GME and has been for while.

So maybe huge amount of total float is being held by retail at this point lmao.
post 1634452343 03-23-2021, 02:14 PM
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#548
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Originally Posted By Carbonfibre⏩
took pause from options.

hard to track daily now very time consuming (have bunch of deadlines need to complete)


I am very surprised how hard RKT is getting pinned again.

It feels like hedges are driving attention away. Wsb has gone to UWMC train looking at option flow.

.......

BA has been rising really good lately. Its looking like it wants to go $300.
Options aren't ideal in this environment, too much theta burn if your timing is off. Currently just buying "dips" in small amounts but then they dip more.
post 1634454093 03-23-2021, 02:32 PM
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#549
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Originally Posted By SolidPaul⏩
Options aren't ideal in this environment, too much theta burn if your timing is off. Currently just buying "dips" in small amounts but then they dip more.
Theta decay is in your favour if you are a seller, I sold a bunch of puts and I am doing okayish
post 1634454943 03-23-2021, 02:41 PM
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#550
  1. chino3
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Originally Posted By TugOfPeace⏩
I know, I know. I was in a hurry, was rushing to get ready for a meeting.



Btw - on red days like this, is it profitable to open up far out CSPs so that you can scalp them when the market bounces back?
just as long as you understand that this isn't a matter of TDA being shady, this is a matter of market orders being dog chit. RobParks2M talks all the time about having crazy limit orders just in HOPES of getting a sucker to come along with a market order lol.

And yes, absolute best time to open CSP's is on red days. 45 days has been my staple, but today I opened 4/9 VZ $57 x4. Would be part of my long hold if assigned. I got in last year at $53, out at $57.xx, and would like to get back in before it blows up with 5G advancements, plus dividends.



Man, I don't get why PLTR options are such dog chit. I can't even make it worth while to sell CC's on my huge bags. I'm huffing hopium that demo day in April will send it through the fukkin roof.
"It won't get better, just different."
post 1634461313 03-23-2021, 03:48 PM
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#551
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Originally Posted By chino3⏩
I can't even make it worth while to sell CC's on my huge bags.
lmao. crew

feelsbatman
post 1634465713 03-23-2021, 04:43 PM
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#552
  1. Carbonfibre
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GME only down 12 % percent after hours.

not down that much.


deepvalue posts his portfolio.

still holding 100K shares

April 16/21 12C x500 still holding crazy.
post 1634466383 03-23-2021, 04:51 PM
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#553
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Originally Posted By Carbonfibre⏩
GME only down 12 % percent after hours.

not down that much.


deepvalue posts his portfolio.

still holding 100K shares

April 16/21 12C x500 still holding crazy.
down nearly 19% for the day though.

Also, holy fukk, he's down 1.9 MILLION for the day. Jeebus...
"It won't get better, just different."
post 1634468483 03-23-2021, 05:13 PM
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#554
  1. Harry362
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Im down a bunch of on my Suncor calls

80x January 2022 25c on SU paid $28,000 they are worth like half that

hopefully oil makes another run, Suncor posts results in May they seem like a pretty well run company. Breaks even on oil at $35 w/o dividend, $42 w/


also down like 4k on November Amwell 12.5c I was selling PMCC on, hopefully that trends back to mid 20s


also down almost 2k on BB I bought for high 11s but im selling 12cs against it

ohwell
post 1634484493 03-23-2021, 09:11 PM
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#555
  1. usersignup2
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Mon STO
TSLA Mar26 750C x 2
TSLA Mar26 775C x 2

Looking to net 1600 if these expire worthless. Last weeks TSLA calls net 3K but BTC my Mar19 850P for a 12K loss. TWTR 60C BTC for a 600 loss. Wiped out my profits from the last 5 weeks.

Still choosing strikes cautiously. Selling 20D and 10D for TSLA calls.
post 1634484753 03-23-2021, 09:15 PM
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#556
  1. Heaney
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Originally Posted By Carbonfibre⏩
GME only down 12 % percent after hours.

not down that much.


deepvalue posts his portfolio.

still holding 100K shares

April 16/21 12C x500 still holding crazy.
I understand that he's an absolute genius for predicting this meteoric rise, but I truly don't understand why he's held onto this postion for so long.
post 1634488713 03-23-2021, 10:35 PM
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#557
  1. RobParks2M
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Originally Posted By chino3⏩
just as long as you understand that this isn't a matter of TDA being shady, this is a matter of market orders being dog chit. RobParks2M talks all the time about having crazy limit orders just in HOPES of getting a sucker to come along with a market order lol.

And yes, absolute best time to open CSP's is on red days. 45 days has been my staple, but today I opened 4/9 VZ $57 x4. Would be part of my long hold if assigned. I got in last year at $53, out at $57.xx, and would like to get back in before it blows up with 5G advancements, plus dividends.



Man, I don't get why PLTR options are such dog chit. I can't even make it worth while to sell CC's on my huge bags. I'm huffing hopium that demo day in April will send it through the fukkin roof.
I've had some silly fuking luck w/ people selling me stuff at stupid low prices... I haven't had much luck from people buying my stuff at crazy high prices yet, but definitely need an uber bull market for that to happen. It sounds silly, but there are some thinly traded warrants I had the 52 week low purchase price before the last couple days

It all comes down to the willingness to catch the knife. You put that order out there knowing the big dogs can see your order hanging out there.

Also something to realize is that the lowest/highest 5% or so on the 52 week range are incredibly difficult to be on the proper side of. That 52 week low might have had a volume of 20 shares before people wised up and put in bigger orders up above that. Same with the highs- people see gains and suddenly there is a flood of sell orders a little ways below the high.
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post 1634489273 03-23-2021, 10:48 PM
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#558
  1. roughinhouse
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Originally Posted By Heaney⏩
I understand that he's an absolute genius for predicting this meteoric rise, but I truly don't understand why he's held onto this postion for so long.
i think its because if he sold, it might kill hype.
post 1634503153 03-24-2021, 06:59 AM
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#559
  1. Carbonfibre
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Originally Posted By Heaney⏩
I understand that he's an absolute genius for predicting this meteoric rise, but I truly don't understand why he's held onto this postion for so long.
Stock he will hold on to for sure.

Those options he will have to do something roll over or just sell some and exercise rest. Just odd that he is waiting till last day. Almost makes me think there is gonna be another push to $300+ before april 16




Also GME is now legit company.

PT of $175 this morning.

unreal.

feels like the scam of all scams and its now being manipulated to the moon.


post 1634504813 03-24-2021, 07:34 AM
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#560
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Originally Posted By Carbonfibre⏩
Stock he will hold on to for sure.

Those options he will have to do something roll over or just sell some and exercise rest. Just odd that he is waiting till last day. Almost makes me think there is gonna be another push to $300+ before april 16




Also GME is now legit company.

PT of $175 this morning.

unreal.

feels like the scam of all scams and its now being manipulated to the moon.


I think he holds calls as ling as possible because:

Keep the masses engaged/holding
House money
If it drops it’s beneficial tax wise
And potential for moon squeeze

He’s already cleared tens of millions, so at this point I think it’s a power trip tbh
"It won't get better, just different."
post 1634510283 03-24-2021, 08:56 AM
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#561
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STO
RKT
5/21
$22p @ $2.37 x20
"It won't get better, just different."
post 1634514263 03-24-2021, 09:49 AM
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#562
  1. SpeedCheeser
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I might follow you in on that. But probably at the 20-21 strike.
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post 1634517343 03-24-2021, 10:30 AM
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#563
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The “UN-official” stock thread just keeps getting worse.

Hope you guys are doing well.
There is no they…
post 1634524903 03-24-2021, 12:06 PM
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#564
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I'm a little sad I don't own anything worth selling calls against lmao. Should have sold CCs against my entire FTOC position when it was up at $12.
Fitness connoisseur
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post 1634531343 03-24-2021, 01:29 PM
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#565
  1. Carbonfibre
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They weren't wrong on GME implied move after earnings.

Down 30 percent today.


Wonder if it goes below $100 soon.



.....................


might be time to start looking at puts on anything now


I have still not done single option two weeks now. market has no direction

it feels like its pointing to more sell off than up anytime soon
post 1634531973 03-24-2021, 01:38 PM
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#566
  1. chino3
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Originally Posted By RobParks2M⏩
I'm a little sad I don't own anything worth selling calls against lmao. Should have sold CCs against my entire FTOC position when it was up at $12.
Horrible to sell CC's on red days like this. Plus it seems like all call premiums are absolute dog chit right now. I'm so red on my ARK's and I don't even see a way out to recoup through CC's unless I do what I am doing with TSLA, write calls for every available expiry for months out (in this case I would do it through the end of the year) which I might do... Gonna have to find time but won't be able to do it today.
Originally Posted By Carbonfibre⏩
They weren't wrong on GME implied move after earnings.

Down 30 percent today.


Wonder if it goes below $100 soon.
I fukkin called it
"It won't get better, just different."
post 1634544323 03-24-2021, 03:59 PM
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#567
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BTC my PLTR CSPs for a 2.4k profit (left $7k on the table but was looking ugly)

STO
PLTR
5/21
$22p x20

"Double Click" demo day coming up in a couple weeks. As long as market figures its chit out, this should see a decent pump. Not sure when it will see $30 again though. gonna wait until demo day to figure out how aggressive I will be with covered calls.

Tonight gonna crunch numbers to see if its worth it to sell "naked" calls each month (set up at once) on all of my ARKS. Currently down 18% across the board...
"It won't get better, just different."
post 1634549173 03-24-2021, 04:52 PM
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#568
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Originally Posted By Travis99⏩
The “UN-official” stock thread just keeps getting worse.

Hope you guys are doing well.
Yeah, had no intentions of ever stepping foot in there, and these sort of comments solidify my position lol.

As for how it's going, it's been better lol. During the crash/tech wreck/whatever, I took a massive fuggin hair cut. A 37% drop... Clawing my way back up, but then today I got prolapsed. HBU bby?



Also, DFV posted his holdings... fuark

"It won't get better, just different."
post 1634553473 03-24-2021, 05:48 PM
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#569
  1. Carbonfibre
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strange that DFV posted two days in row.

is he panicking a bit? trying to get other fools on wsb to jump in


yesterday GME conference call was hot garbage....

they didn't even take questions

so much on what direction their doing next.



I mean at end of day he still have $11 million in cash no matter what happens find it bit odd though.


friend of mine was saying DFV might be even scared to exit his position.

could get death threats too much information is out on dfv

too many dumb people that don't even know what stock market are holding gme bags.
post 1634594133 03-25-2021, 08:23 AM
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#570
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Originally Posted By chino3⏩
STO
RKT
5/21
$22p @ $2.37 x20
Jumped in today. $20 csp @ $1.65
Originally Posted By Carbonfibre⏩
strange that DFV posted two days in row.

is he panicking a bit? trying to get other fools on wsb to jump in
I'm pretty sure he's posted that nearly daily when there were swings.

And yeah, no matter what he does, he's pretty much set on just what he's holding in cash right now.
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