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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 1632059663 02-22-2021, 12:26 PM
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#391
  1. Carbonfibre
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  1. Carbonfibre
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Originally Posted By Harry362⏩
How dumb would it be to buy $10,000 in 3/19 20p on CCIV for $65 each. If the deal falls through I think it would drop to $10 and those puts would be worth like $150k
you will fighting theta decay hard.

that breakeven is just going to kill you instantly if the stock prices goes the other way.


I have been thinking about if for while about CCIV if it goes $100 after merger. It will pullback. But I don't think anymore it will drop half or more like NKLA.

There is real product with Lucid.

this graph is nasty essentially casino play.

post 1632060743 02-22-2021, 12:38 PM
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#392
  1. chino3
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I'm pathetic... said I wasn't going to do chit, but here I am...

RKT
STO 3/5
$19.5 @ $.74 x50

Earnings this week (I believe), and we usually see a crazy run up, so will close at 50% profit if it happens this week, otherwise will hold until expiry.
"It won't get better, just different."
post 1632064943 02-22-2021, 01:33 PM
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#393
  1. NoScrubz
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Originally Posted By NoScrubz⏩
Opened a put spread on TSLA a couple days ago with Jul 16 $550P/$500P. YOLO
It’shappening.gif
post 1632065713 02-22-2021, 01:41 PM
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#394
  1. mikusk
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Originally Posted By TugOfPeace⏩
At what point do you guys close covered calls early? I'm looking at a weekly PLTR cc that's up 60%..

I highly doubt it would get assigned (it's a $40 CC for this Friday) but I'm thinking of closing it then reopening once the price jumps back up. Thoughts?
I closed my weekly pltr cc today for 60% gain, will sell another one on a green day (hopefully tommorow)
post 1632065773 02-22-2021, 01:42 PM
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#395
  1. mikusk
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looking to sell some ARKG csps today
post 1632065803 02-22-2021, 01:42 PM
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#396
  1. chino3
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Jesus, down $29k for the day...
"It won't get better, just different."
post 1632066003 02-22-2021, 01:44 PM
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#397
  1. hardestgainer
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Took profits on SPY Puts this morning and got greedy on SPY Calls after, the run up this afternoon had me up, now im getting crushed for not taking profits

AMD getting killed too
▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬
Bayern Munchen Crew
German-Hungarian Crew
AZ Sports Crew
Idaho Brah
TRUMP 2016
Finance Crew
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"Over 90% of muscle gain is stretching" - ReppinRyan & AnimalAdam
post 1632066263 02-22-2021, 01:48 PM
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#398
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Originally Posted By chino3⏩
Jesus, down $29k for the day...
damn.

Tesla I guess?
post 1632066613 02-22-2021, 01:50 PM
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#399
  1. mikusk
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Originally Posted By mikusk⏩
looking to sell some ARKG csps today
scratch that I don't have enough cash in my trading account anymore lmao
post 1632067333 02-22-2021, 02:00 PM
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#400
  1. chino3
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Originally Posted By Carbonfibre⏩
damn.

Tesla I guess?
Tesla a big part but all of my CSP’s that I started the day off in the green are red. All of them. Almost the entire market got fukkd hard, and since I have a chit ton of CSP’s I’m very very red lol
"It won't get better, just different."
post 1632135143 02-23-2021, 09:06 AM
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#401
  1. usersignup2
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TSLA going haywire. Looks like a lot of people got stopped out. Panic in the streets.

I loaded up another 100 for my retirement accont. Conservatively should net me another $1500 month.

Got assigned PLTR 31P from a couple of weeks ago. Debated on whether to roll, take loss or get assigned, just about the same time chino posted. As I am long term bullish and based on how I trade, decided for assignment. This should net me about another $800 month.
post 1632137723 02-23-2021, 09:43 AM
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#402
  1. hardestgainer
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SPY Strangles printing on both sides for me today
▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬
Bayern Munchen Crew
German-Hungarian Crew
AZ Sports Crew
Idaho Brah
TRUMP 2016
Finance Crew
▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬

"Over 90% of muscle gain is stretching" - ReppinRyan & AnimalAdam
post 1632141323 02-23-2021, 10:26 AM
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#403
  1. chino3
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Emotional trading at it's finest... Wish I could hit fast forward on this week. ded fkn srs.

STO
TSLA
2/26: $630p, $720p
3/5: $720c

Also, as a reminder, RKT has earnings this Thursday. Might be a good time to take advantage of premiums.

STO
RKT
2/26: $19.5p
"It won't get better, just different."
post 1632143833 02-23-2021, 11:05 AM
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#404
  1. RobParks2M
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Originally Posted By chino3⏩
Emotional trading at it's finest... Wish I could hit fast forward on this week. ded fkn srs.

STO
TSLA
2/26: $630p, $720p
3/5: $720c

Also, as a reminder, RKT has earnings this Thursday. Might be a good time to take advantage of premiums.

STO
RKT
2/26: $19.5p
I am quite nervous to CSP RKT. their outlook might not be very good in the face of rate hikes and lower mortgage demand.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1632145973 02-23-2021, 11:31 AM
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#405
  1. chino3
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Originally Posted By RobParks2M⏩
I am quite nervous to CSP RKT. their outlook might not be very good in the face of rate hikes and lower mortgage demand.
Totally get it. Few things to think about:

Q4 should be amazing. But as we know, earnings is apparently only a small part of the equation, and we will need to have good guidance.

This is where I think we might see a surprise from them tbh. They have teased partnerships, tech breakthroughs, acquisitions, buy backs, etc. If Q4 results aren't stellar, or if guidance is only so/so, I can picture getting some pretty crazy updates/news. I feel like they've had some things just waiting togo livebut might be reserving it for when things don't look so hot.

The floor seems to be $19. $19.5p for 2/26 is currently sitting at $.9. That would put you well below the floor, so a killer position to start aggressive wheels on. For example, 3/5 $20cc is $1.23 (which is a 6% return right there). Ideal situation if assigned: $19.5 purchase, -$.9 put premium, -$1.23 call premium, and -$.5 price movement to $20 = $2.63profitor 13% turnaround in 1 week. Or if you get assigned and it stays flat after assignment, your cb will be $17.37.
"It won't get better, just different."
post 1632224923 02-24-2021, 08:04 AM
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#406
  1. Venom08
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Bought some April 16th 269p on QQQ at $2.51
post 1632235943 02-24-2021, 10:18 AM
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#407
  1. Carbonfibre
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RKT earnings tmmrw and 20$ calls are still trading flat 0.7-0.8 range.

option flow tiny.

its like market expects RKT to stay $19-20 after earnings.
post 1632237653 02-24-2021, 10:39 AM
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#408
  1. chino3
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Originally Posted By chino3⏩
Emotional trading at it's finest... Wish I could hit fast forward on this week. ded fkn srs.

STO
TSLA
2/26: $630p, $720p
3/5: $720c

Also, as a reminder, RKT has earnings this Thursday. Might be a good time to take advantage of premiums.

STO
RKT
2/26: $19.5p
Update, I had to close out several positions, because I went a little too aggressive with TSLA options and was facing margin (over exposure to one asset is what fooked me, despite having more than enough cash to cover all of my expirations for the next 3 weeks...)

$630p : $4800 profit,
$720p : $4700 profit (this one pisses me off because it was looking like it was going to expire completely worthless, but obviously this stock is super volatile lately. still, closed out at 67% so whatever).

I still have that $720c for next week that I setup looking for assignment on my 2/26 $720csp, but noooooo. So set up a strangle for the same expiry, $720csp @ $35. Could end up bad, but we will see. Break even would be $772

Upset that I didn't take advantage of the TSLA dip after selling out, I decided to
STO
TSLA
5/22
$760 @ $130 x2 (the price I almost pulled the trigger at, so I either want in at that price or the profits from that ride up lol)
"It won't get better, just different."
post 1632239493 02-24-2021, 11:07 AM
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#409
  1. Carbonfibre
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^^^^^^^^^^

cathie wood came in clutch to buy $170 million TSLA so you're probably safe



I do wonder what if Bitcoin dips again will TSLA follow.
post 1632240603 02-24-2021, 11:18 AM
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#410
  1. chino3
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Originally Posted By Carbonfibre⏩
^^^^^^^^^^

cathie wood came in clutch to buy $170 million TSLA so you're probably safe



I do wonder what if Bitcoin dips again will TSLA follow.
At this point I'm just bitter I not only cashed out, but didn't get back in at the bottom lol. So once 3/5 is gone, I will just have one remaining strangle for 3/19, then the 5/22 $760csp, and the 1/22/22 $1000csp, and I won't touch it again. Honestly, at this point, I might just add it to my IRA instead so I don't have to watch it move all the time. But can't do anything like that until 3/19 when my calls get cleared up with CCIV. No margins of piss...
"It won't get better, just different."
post 1632248423 02-24-2021, 12:47 PM
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#411
  1. mikusk
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STO
RKT
2/26: $19.5p

chino is this play still valid ? thinking about joining, what about 3/05 instead of 2/26 ?
post 1632249603 02-24-2021, 01:01 PM
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#412
  1. chino3
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Originally Posted By mikusk⏩
STO
RKT
2/26: $19.5p

chino is this play still valid ? thinking about joining, what about 3/05 instead of 2/26 ?
I actually have 3/5 still open at $19.5. I think the move is to take profits when we see a run up tomorrow before earnings (after hours). If they don’t have good guidance I can see this hitting low $19’s which the premium would give you a buffer on. I’m thinking they’ll give mediocre guidance but announce some new things to compensate. Not sure how the market will react so I could see it in a lull for a week or so, so I felt comfortable leaving the 3/5 in play. Premium is really fawkin good tbh.


Unrelated, wtf is wrong with PLTR. About to get assigned 4K shares at $29 lol
"It won't get better, just different."
post 1632255183 02-24-2021, 02:01 PM
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#413
  1. mikusk
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Originally Posted By chino3⏩
I actually have 3/5 still open at $19.5. I think the move is to take profits when we see a run up tomorrow before earnings (after hours). If they don’t have good guidance I can see this hitting low $19’s which the premium would give you a buffer on. I’m thinking they’ll give mediocre guidance but announce some new things to compensate. Not sure how the market will react so I could see it in a lull for a week or so, so I felt comfortable leaving the 3/5 in play. Premium is really fawkin good tbh.


Unrelated, wtf is wrong with PLTR. About to get assigned 4K shares at $29 lol
cheers for insight, had an order sit there for an hour and it wasn't filling, then it started going up and decided not to chase it
post 1632258723 02-24-2021, 02:45 PM
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#414
  1. Carbonfibre
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RKT is getting short squeezed

you guys are going to print hard tmmrw

if this stays after hours


all because of GME squeeze again
post 1632311763 02-25-2021, 08:11 AM
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#415
  1. RobParks2M
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2 CSP PLTR 3/5 $25 for $1.45

Might be joining you baghodlers


@Chino talk me down mang. Convince me not to CSP GME $100 strike for tomorrow 2/26--- it's going for $14 rn
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1632313323 02-25-2021, 08:33 AM
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#416
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Originally Posted By Carbonfibre⏩
RKT is getting short squeezed

you guys are going to print hard tmmrw

if this stays after hours


all because of GME squeeze again
wat? It's currently red, and never bounced past its standard range bound figures
Originally Posted By RobParks2M⏩
2 CSP PLTR 3/5 $25 for $1.45

Might be joining you baghodlers


@Chino talk me down mang. Convince me not to CSP GME $100 strike for tomorrow 2/26--- it's going for $14 rn
Fuark, I'm getting assigned on hella PLTR tomorrow. I already had $29cc that will expire worthless tomorrow ($.7, so that helps my CB), and already setup $29.5cc for 3/5 ($.78).

Damn that's tempting, but GME just scares me way too much. A rug pull, as we've seen, is very fast and even more violent. I guess I would ask 2 questions 1) would you be ok holding at $86 cb? 2) will your broker even let you do it? Not sure if platforms are still being weird about writing options.

If GME goes to $250 or higher, I am buying long dated puts deep OTM
"It won't get better, just different."
post 1632313513 02-25-2021, 08:35 AM
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#417
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my friend did a strangle on GME for $5600 but it involved selling a $215 call, uncovered

Im too afraid of how GME moves to do that


Looking at selling puts on PLTR again
post 1632313573 02-25-2021, 08:36 AM
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#418
  1. RobParks2M
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Originally Posted By chino3⏩
wat? It's currently red, and never bounced past its standard range bound figures


Fuark, I'm getting assigned on hella PLTR tomorrow. I already had $29cc that will expire worthless tomorrow ($.7, so that helps my CB), and already setup $29.5cc for 3/5 ($.78).

Damn that's tempting, but GME just scares me way too much. A rug pull, as we've seen, is very fast and even more violent. I guess I would ask 2 questions 1) would you be ok holding at $86 cb? 2) will your broker even let you do it? Not sure if platforms are still being weird about writing options.

If GME goes to $250 or higher, I am buying long dated puts deep OTM
IV is 800 on any and all things GME. not worth buying any options.



I did buy 1 TSLA call for tomorrow. All dips get bought right?

$750 for $3.50 ayyyy lmao
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1632314173 02-25-2021, 08:44 AM
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#419
  1. Carbonfibre
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Originally Posted By chino3⏩
wat? It's currently red, and never bounced past its standard range bound figures
I almost had mini heart attack this morning on big error.




thank god it I pressed cancel x100 over.

I only wanted 100...last time I flipped ~$4k to ~$20K on RKT

when GME ran up end of January RKT hit $23

this morning RKT opened 20.35 and was up to 20.98 in few minutes.

volume was already half of total daily volume in 1 hour of trading.

its cooled off now and trading at its usual flat 20.
post 1632314363 02-25-2021, 08:46 AM
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#420
  1. chino3
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Originally Posted By Harry362⏩
my friend did a strangle on GME for $5600 but it involved selling a $215 call, uncovered

Im too afraid of how GME moves to do that


Looking at selling puts on PLTR again
Fukkin PLTR... I'm gonna have 4k shares @ $28.31cb.
Originally Posted By RobParks2M⏩
IV is 800 on any and all things GME. not worth buying any options.



I did buy 1 TSLA call for tomorrow. All dips get bought right?

$750 for $3.50 ayyyy lmao
holy chit, nvm... I was hoping that if GME spiked hella, a deep OTM put would be more affordable, but that IV is nuts.

TSLA is really hard to read right now. All I know is that my strangle for 3/5 is like a fukkin sea-saw...
"It won't get better, just different."
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