PANW and RDDT contracts expired worthless
Still holding MSFT and TSLA contracts

at least for the moment, my port is transitioning into relatively safe, lower volatility growth. Still retaining this strategy:
"been selling fewer weekly calls and more long dated, taking profits at 50% instead of waiting for expiration. Strategy is to sell roughly 35DTE at 35-40D and take profits at 50%. Also trying to refrain from selling calls during what I see as a strong uptrend. Overall goal is to reduce the amount of daily upkeep, maintenance on contracts, and thereby minimizing daily stress. Upside is this captures higher total premium while market is in a bit of a sideways trend and lower IV."

^My strategy is very similar, but I try to get closer to 65-70% before closing and I usually go 60-90 days out. Also, I leave the order out there to close because there can be some pretty wild swings intraday and I don't have the desire to check frequently. Sometimes I go into my portfolio to check other things and go "oh wtf when did that close" and then either it moves to the point I reopen or I just sell the monthly again 2-3 months out.

random stocks. i've been doing an occasional spy scalp during the week but fridays turn almost everything into 0DTE. Tomorrow's roll of the dice is TBD. Maybe cava or tsla.

longer dated contract expired worthless today. STO TSLA Jun14 185c x7 about 5 weeks ago. Trading at roughly $1.75 at the beginning of this week and then bam, midweek it has a surge and at one point is $7 ITM. This has happened to me before, holding a longer dated contract that gets ITM near expiration. Luckily I chose not to roll it out but it's the reason why I look to BTC before expiration. A little too greedy this week.

STO RDDT Jun14 64cc x2 and rolled those out to Jun28 65cc for additional credit.

PANW Jun14 320cc x4 expired worthless


total net for above contracts roughly 6k+

still holding MSFT Jun21 435cc x7 from about 5 weeks ago. Looking to net about 3500 from these.

how do you choose your strikes? Delta? Support/resistance?good strategy

Attention everyone, i just made a new thread guiding u all on how to be apart of Astra Nova Social fi airdrop, dont fade this one bros we are still early. 0$ cost and potential 4 figure+ airdrop for just your TIME.

STO

PANW Jun21 330cc x4
TSLA Jul05 195cc x7
MSTR Jul19 1000csp

Posted this in the other investment thread (oops, forgot there was an options one), but I started tracking my covered options and the premium I am netting:

very nicely done!

much lower activity over the last few weeks. My MSFT and TSLA were deep ITM so I rolled them way far out.

For last week:
NVDL Jul19 80cc x 2
NVDL Jul19 67cc
RDDT Jul19 85cc X2
HD Jul19 367.50 x3

took a stab at DJT 36P x5 but volume dried up when it hit the 36 range and barely moved. Took a loss. Overall flat-ish for the week.

For next week:
MSTR Jul26 1350csp looking to net 800

STO
PANW Jul26 350cc x4
RDDT Jul26 75cc x2

from last week
MSTR Jul26 1350csp

had a scalp Monday on MSTR for 2k net
total net from options 1350

Some of my posts over the last 2 weeks on Discord

MSTR - currently +5900 unrealized on last trade
usersignup — 07/25/2024 11:46 AM
got some MSTR. Sniper lay and pray limit for $1516 placed on Tues when it was trading $1700+. We'll see where it goes...50/50 on what the market will do from here but so far it's made $100 intraday move.
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usersignup — 07/22/2024 12:54 PM
Closed @1807 for just over 2k net

usersignup — 07/22/2024 11:07 AM
3rd target 1815

usersignup — 07/22/2024 10:50 AM
2nd target 1806

usersignup — 07/22/2024 9:54 AM
taking a swing at MSTR for a trade. In @1766. 1st target 1790


TSLA - touched 215 next trading day
usersignup — 07/23/2024 11:00 PM
it should happen pretty quickly, not long drawn out, maybe 2 weeks or less so I wouldn't open any CSP NTM
usersignup — 07/23/2024 10:50 PM
based on previous parabolic bull runs, it retraces back a certain level. This time, that level is 215ish.
usersignup — 07/23/2024 10:42 PM
if it opens and stays above 231ish then there's a chance it rebounds.

DJT - $900 loss
usersignup — 07/19/2024 10:25 AM
closed my DJT 36P for a loss. Didn't move much below 36 once it got there and then theta decay. Intraday volume sucked also so spread was too big and no bids. Mental note for next time, catch the move on the first day or sell to close. Revisit maybe on 0DTE.

CRWD - dropped as low as additional -15% from my post
usersignup — 07/19/2024 10:22 AM
don't like it. Usually the best plays on these massive drops is being able to time the reversal and then get out. The bias will be further down in most cases though.

MCD - has been in range 246-260
usersignup — 07/18/2024 6:54 PM
rejected off 262.00-262.50 ish range the last two days. Buy signal flashed 5 days ago. Macd coming up to 0 line so lots of things look good. Has had trouble since beginning of June getting past this level. Past 266 then could be straight shot to 272. Possibility that it is headed into some consolidation after being in such a longterm uptrend and that would look like rangebound from 245-262. So back to 257 then I'd say rangebound. Above 262.50 looks good but watch for bear trap. Potential for a 15% move in a short timeframe (60 days - target 300). This would be better to scale if you're trying to get in early.

QCOM - did not enter trade
usersignup — 07/18/2024 4:48 PM
may be a lotto play Jul26 210C @ $0.35

OVERALL MARKET
usersignup — 07/18/2024 10:40 AM
it's possible we're getting close to a mid/long term correction. Previously there were runs and pullbacks when the indicator went to Extreme Fear or Extreme Greed. The last two moves of run and pullback occurred when the meter read Fear and Greed. This tells me there's a consolidation of sorts happening. Momentum shifts due to smaller variances. the pattern on a chart is: up, down, up, down, etc. in a confined narrowing pattern. At the end of the pattern it breaks out. Since the market has been in an uptrend, and if this pattern plays out, I think the most likely direction is down.The timing will be when momentum continues to switch every three days or so while the index reads neutral. That's my theory and what I'll be looking for.

fukking spread on COIN options is dog chit. Looking to play TSLA/NVDA/MARA calls this week for a bit of a bounce, but possible bear flags on the daily on SPY/QQQ

lots of little CC plays over the last few weeks. Market is losing momentum so my strategy of longer dated cc and closing at 50% has been adjusted. I see a period of consolidation with a bias towards weakness/correction over the next few weeks. I think most pops will be sold and rebought, but overall lower highs and lower lows for most of my holdings.

still comfortable with my long term holds so I've sold calls expiring Sep27 or Oct04 on most of them, within 5% of ITM. Looking to average just over 1500 for the next 4 weeks if they all expire worthless. Added bonus of not having to babysit over that period of time.