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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 1630229173 01-31-2021, 10:03 PM
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#91
  1. SolidPaul
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Originally Posted By Travis99⏩
Futures now green.
Expected tomorrow to be a bounce, I mentioned this earlier. I think this GME stuff isn't over yet. Could be a good day to buy puts to hedge. Probably going to GTFO of my options and buy back in later.
post 1630229843 01-31-2021, 10:11 PM
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#92
  1. roughinhouse
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call options on amd and apple look real tempting. Im guessing that when this whole gme fiasco ends, these guy will shoot right back up even higher then before. Might also buy some on amazon if their stock goes down after their report.
post 1630250853 02-01-2021, 08:03 AM
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#93
  1. Camecha
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Set a limit order to sell puts on GME jan 22 $1 strike at a price of .25

Current price is hovering at .18, I think once GME takes a dive my order will get filled
post 1630266873 02-01-2021, 11:40 AM
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#94
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STO
TSLA - Feb05 900C x2
PLTR - Feb05 31P x5
PLTR - Feb05 39C x5
TWTR - Feb05 53.50C
AAPL - Feb19 145C

Friday BTC my PLTR Jan29 36C and TWTR Jan29 46.50C. Rest of short options expired worthless. Ended that week with just under 4K net.

IV down, this weeks premium should net me about 3K if they all expire worthless.
post 1630279133 02-01-2021, 02:14 PM
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#95
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Did the call spread on CCIV today finally. Bought 3/19 30c and sold 3/19 35c. Not as much upside as the 35c/40c but felt like it's a bit safer. Let's gooo
post 1630281243 02-01-2021, 02:40 PM
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#96
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Originally Posted By TugOfPeace⏩
Fuark. Every night I sleep excited to wake up premarket and see what's going on with the market and to trade all day. If only I was this excited about my day job :/ Caveat is, I probably wouldn't be this excited in a bear market..
Same lol I haven't finished school and started my career yet so I'm working a pleb job and I made like 6 months salary this past week. Its fun because its easy money but that has more to do with the market than my investing "skills"
post 1630287883 02-01-2021, 04:06 PM
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#97
  1. Carbonfibre
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Got those apple calls early this morning.

50 @ $1.01 2/26 150$C



AMD kinda leaps 4/16 $100C still at $4.1 Was down early in morning bit when AMD was $85.



I held off on SPY puts because of the bounce this morning. Need to wait bit more maybe tmmrw with Amazon, Google earnings.
post 1630289713 02-01-2021, 04:29 PM
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#98
  1. mikebadg3
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50x 6/21 SNDL $1 calls @ .72

I want to buy more
post 1630294523 02-01-2021, 05:36 PM
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#99
  1. MediocreGains
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Originally Posted By Carbonfibre⏩
Got those apple calls early this morning.

50 @ $1.01 2/26 150$C



AMD kinda leaps 4/16 $100C still at $4.1 Was down early in morning bit when AMD was $85.



I held off on SPY puts because of the bounce this morning. Need to wait bit more maybe tmmrw with Amazon, Google earnings.
AMD is still being a bit of a *******. I got in on 90c weeklies and 2/26 94c this morning. Had to average down on the 90c, and I closed them all today for a small profit. Didn't want to hold them overnight. Only have the 2/26 94c for now.

But at least it gave me the opportunity to add more shares.
post 1630297293 02-01-2021, 06:13 PM
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#100
  1. Carbonfibre
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Originally Posted By MediocreGains⏩
AMD is still being a bit of a *******. I got in on 90c weeklies and 2/26 94c this morning. Had to average down on the 90c, and I closed them all today for a small profit. Didn't want to hold them overnight. Only have the 2/26 94c for now.

But at least it gave me the opportunity to add more shares.
I think AMD will retest again $100.

AMD has tested $100 and rejected it 3 times down to ~$90 range over the past 2 months now. This last reject down to $85 I blame on GME and meme stock mania.
post 1630298793 02-01-2021, 06:31 PM
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#101
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Originally Posted By Carbonfibre⏩
I think AMD will retest again $100.

AMD has tested $100 and rejected it 3 times down to ~$90 range over the past 2 months now. This last reject down to $85 I blame on GME and meme stock mania.
Meme mania is probably gone for the time, massive IV crush on all options for those tickers today. There's going to be some bagholders soon, you can't beat the big bois at their game when they have every tool at their disposal. I didn't make any new moves today...all my options bled out a few cents or stayed flat. Saw some activity on PLTR calls but IV was kind of high.
post 1630325153 02-02-2021, 03:40 AM
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#102
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Any brah into selling weekly CC and covered put for weekly income? How do you pick the "right" strike to sell? Am I doing it right by keeping delta under .1 to minimize assignment risk?
post 1630338773 02-02-2021, 08:34 AM
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#103
  1. MediocreGains
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Originally Posted By hiyooo⏩
ahhhhh my amd leaps are getting destroyed... sue bae don't do me dirty like dis.. not like dis matrix.gif
Su Bae blue balling us.

NQ up 1.2% but AMD is down .50%.
post 1630339603 02-02-2021, 08:45 AM
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#104
  1. Carbonfibre
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Originally Posted By MediocreGains⏩
Su Bae blue balling us.

NQ up 1.2% but AMD is down .50%.
she really is lol.

its stuck right now.



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


bad idea to buy some GME puts here? lol

seeing option flow of GME puts coming in now.
post 1630340623 02-02-2021, 08:56 AM
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#105
  1. chino3
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My TSLA strangle lookin pretty hnnngggg

TSLA
2/5
$850csp@ $45.592 x2
$900cc@ $7.593 x2

Spoiler!


Friday it was looking like I was getting assigned, and I almost set up aggressive CC's each week, in advance. Glad I didn't overreact and just chilled. It's only Tuesday, so who know what will happen. If I can close out at $8k prior to expiration, I will do it immediately.

EDIT: Update: Closing out the CSP leg with a $7.2k profit. Going to monitor the CC closely this week. Worst case scenario, I double down and buy shares on Friday to cover the calls.
"It won't get better, just different."
post 1630343493 02-02-2021, 09:31 AM
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#106
  1. Tinge52
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Will be reading thread throughout the day today in hopes of learning some things.. funding account this weekend finally!
"To get what you've never had, you must be willing to do what you've never done"
post 1630348023 02-02-2021, 10:34 AM
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#107
  1. chino3
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Let this be a warning to all of you when it comes to taxes... Just got my preliminary numbers from my accountant... I'm looking at $30k. Not coming TO me, but giving to the I-R-FUKKING-S. I'm shook.
"It won't get better, just different."
post 1630348543 02-02-2021, 10:40 AM
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#108
  1. thatsnarf
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Originally Posted By chino3⏩
Let this be a warning to all of you when it comes to taxes... Just got my preliminary numbers from my accountant... I'm looking at $30k. Not coming TO me, but giving to the I-R-FUKKING-S. I'm shook.
thanks for the partial stimmy check. please continue to work hard and share the wealth.
post 1630348623 02-02-2021, 10:41 AM
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#109
  1. RobParks2M
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Originally Posted By chino3⏩
Let this be a warning to all of you when it comes to taxes... Just got my preliminary numbers from my accountant... I'm looking at $30k. Not coming TO me, but giving to the I-R-FUKKING-S. I'm shook.
Why so high? Yuge capital gains?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1630348753 02-02-2021, 10:43 AM
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#110
  1. chino3
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Originally Posted By thatsnarf⏩
thanks for the partial stimmy check. please continue to work hard and share the wealth.
I lol'd and then angry'd
Originally Posted By RobParks2M⏩
Why so high? Yuge capital gains?
$95k realized gains, and that was after tax loss harvesting with RKT in true Guh amounts...
"It won't get better, just different."
post 1630349103 02-02-2021, 10:47 AM
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#111
  1. Heaney
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Originally Posted By chino3⏩
Let this be a warning to all of you when it comes to taxes... Just got my preliminary numbers from my accountant... I'm looking at $30k. Not coming TO me, but giving to the I-R-FUKKING-S. I'm shook.
Trading in a tax free acct for the win.
post 1630349303 02-02-2021, 10:51 AM
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#112
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Originally Posted By Heaney⏩
Trading in a tax free acct for the win.
I'm doing that with my IRA which is only $80k worth. My main trading account is where my main nut is, and not sure if it's the same for you guys, but there's no point in going all in in a tax deferred account, since I will absolutely be using the money prior to the non-penalty age...
"It won't get better, just different."
post 1630350153 02-02-2021, 11:02 AM
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#113
  1. Heaney
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Originally Posted By chino3⏩
I'm doing that with my IRA which is only $80k worth. My main trading account is where my main nut is, and not sure if it's the same for you guys, but there's no point in going all in in a tax deferred account, since I will absolutely be using the money prior to the non-penalty age...
Little bit different in Canada, I'm allowed to trade in a TFSA (tax free savings account) and actually withdraw tax free as well, I'm just not able to withdraw to use as an income source tax free. My other account that my employer matches in is my RRSP which is what I believe you guys would call an IRA/401K style (penalties for deductions unless its for first time house buying).

I was initially cautious that the TFSA thing was too good to be true but got confirmation through my broker last week that I don't actually even receive a tax slip for tfsa trading.
post 1630350183 02-02-2021, 11:02 AM
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#114
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Originally Posted By chino3⏩
Let this be a warning to all of you when it comes to taxes... Just got my preliminary numbers from my accountant... I'm looking at $30k. Not coming TO me, but giving to the I-R-FUKKING-S. I'm shook.
You had to know that was coming.

I have a buddy who made a fukton trading spg out of the trough last March.

He figured his tax liability as he went and it’s like 40k, but those sweet gains make up for it.
post 1630351273 02-02-2021, 11:15 AM
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#115
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Originally Posted By headturner1⏩
You had to know that was coming.

I have a buddy who made a fukton trading spg out of the trough last March.

He figured his tax liability as he went and it’s like 40k, but those sweet gains make up for it.
I knew I was gonna be writing a big check, just didn't think it would be a big fat fukkin check... I took time off from work for the first 4.5 months of the year to travel, so no income, and I had a little over $10k in repairs/turn costs for my rental, so I was really hoping I would see a bit of a break lmao.
"It won't get better, just different."
post 1630352213 02-02-2021, 11:25 AM
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#116
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Originally Posted By chino3⏩
I knew I was gonna be writing a big check, just didn't think it would be a big fat fukkin check... I took time off from work for the first 4.5 months of the year to travel, so no income, and I had a little over $10k in repairs/turn costs for my rental, so I was really hoping I would see a bit of a break lmao.
Haha, wishful thinking. The IRS goes in dry lol!
post 1630352603 02-02-2021, 11:30 AM
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#117
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Originally Posted By TugOfPeace⏩
Taxes are why I'm not terribly impressed with my gainz. If I make $10k that really means I made $7.6k. If I want $100k cash from trading I really need to make $131k.
To be on the safe side I increased my RRSP contribution to 20% of my gross pay this year, best case I get an absolute banger of a refund back and worst case I break even if somehow I've been reading Canada's investing laws incorrectly.
post 1630356763 02-02-2021, 12:13 PM
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#118
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Originally Posted By TugOfPeace⏩
Taxes are why I'm not terribly impressed with my gainz. If I make $10k that really means I made $7.6k. If I want $100k cash from trading I really need to make $131k.
people are going to be feeling a lot of pain from 2020 taxes.


Having been in the market for quite a while, I’m used to the pain at tax season.

Before I was active, I used to get money back every year lol
post 1630359243 02-02-2021, 12:34 PM
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#119
  1. Carbonfibre
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should have bought CCIV calls this morning.


2/19/21 $40 are exploding


dangerous game to play obviously with everything depending on merger going through or not.


IV is very high for CCIV.


but having sold all my CCIV shares earlier, way too expensive to get in now.
post 1630359933 02-02-2021, 12:40 PM
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#120
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lol @ new thread title, no options playing for me and I'm up 25k + in 4 months. Long term holding FTMFW!!!!! Well....4 months isn't long and I know this is pennies to some of you ballers but u know...would have retired by now if I started with only 100k a decade ago. Keep grinding bros!!!!!! No force trading!

Originally Posted By chino3⏩
Let this be a warning to all of you when it comes to taxes... Just got my preliminary numbers from my accountant... I'm looking at $30k. Not coming TO me, but giving to the I-R-FUKKING-S. I'm shook.
My Cali bruh what about all the write-offs you can do with stonks, property, work related costs etc... PM me! Almost inclined to give you my number. I got a 7k property tax write-off that's gonna go right back into investing and the house.
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
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