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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 1640455033 06-08-2021, 04:02 PM
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#811
  1. NoScrubz
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Originally Posted By NoScrubz⏩
BTO AHT Jun 18 $5C x54
Added more to these and have 105 total calls. Been holding heavy ass bags for months and finally paid off. Cutting them loose tomorrow for hopefully a 3x gain.

post 1640455313 06-08-2021, 04:04 PM
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#812
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Originally Posted By TugOfPeace⏩
I made a dumb fuking move AGAIN with AHT good lord lmao.

Had 1500 shares at $5.3 cost basis. STO 6/18 $.40 @ $7.5 strike.

Out of nowhere it starts mooning, hits $6 within an hour. After hours it's now $7.1. My covered calls are blood red.

WTF.

If I roll it out I would have to BTC in the morning at a fairly substantial loss and then STO at a later date; fml!

Am I correct in assuming any gains I'm seeing right now will be reduced in the morning once my CC goes even more in the red at open?
I wouldn't close tbh I'm actually considering selling the same calls tomorrow on my shares. Chit needs to cool off
post 1640465843 06-08-2021, 06:11 PM
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#813
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Originally Posted By TugOfPeace⏩
Why wouldn't you add shares if you felt bullish? If it dips I will just offload the shares before I see any loss
If you are long term, then buy at any price, dollar cost average. If you are short term, then buy on strength, sell on weakness.
post 1640466493 06-08-2021, 06:18 PM
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#814
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Originally Posted By RobParks2M⏩
Alright Tug, I know you are going to read this and do literally the opposite of what I tell you, but here it is anyway.

Strictly IMO- no financial advisor-

Do not buy back your fuking calls. Do not roll them out. Odds of it shooting past $7.9 in the next 10 days aren't really that good despite its current run up. Just sit on your hands until you are closer to expiration if you want to roll.Listen TUGThis would be the absolute worst time to make a move. You are panicking and emotionally trading. Do not give in. IV is shooting up and there is a fair amount of time for these to "potentially go up" meaning there is a lot of premium that will be lost in the coming days.
I would agree with this. 7.50 strike currently is all extrinsic value. Good chance these will expire worthless. Worse comes to worst, sell the july 7.50 puts at 2.90 for a cost basis 4.60 if you are assigned. If not, repeat the following month. IMO you should consider selling calls on the share you just bought to lower your cost.
post 1640522413 06-09-2021, 12:49 PM
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#815
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BTO BA 7/16 290C x21
post 1640540463 06-09-2021, 04:58 PM
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#816
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Paper traded some AAPL calls at 124 strike 30 day expiration and 2.25 of premium

one contract

LESS not even 10 days later market closes at 127.13

HNNNNGGHHHHHHHHH


Am I gonna make it BOYOS

88$ profit.....????

39% return

Is this clown WORLD srs....?!
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

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The world is YOURS boyos.
post 1640581433 06-10-2021, 09:17 AM
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#817
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Originally Posted By NoScrubz⏩
BTO BA 7/16 290C x21
Closed out with tiny profit. Market kinda looks like chit
post 1640696003 06-11-2021, 06:34 PM
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#818
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Originally Posted By usersignup2⏩
Last week was a clusterfuk. Chasing money. Mostly correct entries except for AMC 60C held overnight and never materialized. Sold only 2 TSLA calls. 950 loss for the week.

STO
TSLA Jun11 625c x4
PLTR Jun11 26c x 10

buy/write
AMC Jun11 60c

Looking to net 2900 for the week.
All expired worthless.

A little under water with the AMC commons but like my other holdings, dont really worry until its time to sell or conviction changes. Expect volitility to remain high for the next little while and hope to have these as freebies in 5 weeks by selling premium.

Made a little bit of cash on AMC calls. 6x by the time all said and done for a few hundred. Not looking to risk too much on meme options, just more for honing my skills.
post 1640696183 06-11-2021, 06:37 PM
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#819
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Originally Posted By chino3⏩
Bold af move with the Plaid event.
After the last earnings reaction Ive learned my lesson. TSLA in this down trend reacts poorly to events. This week I chose my strikes like usual based.
post 1640696343 06-11-2021, 06:40 PM
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#820
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Originally Posted By usersignup2⏩
After the last earnings reaction Ive learned my lesson. TSLA in this down trend reacts poorly to events. This week I chose my strikes like usual based.
Mirin breh.
Originally Posted By chino3⏩
Friday BTC my RKT 6/4 $24c x125 for $.01 for a $900 gain (after fees),
and STO 6/11 $35c x125 for $.15. These are naked, thus the super safe strike.
Closed these out the next day at .04 and rolled for 6/18 @ $.29 x100 lol . Closed today for $.03. Fine with leaving $300 on the table bc I’m looking for another entry point and can only do so much naked.
"It won't get better, just different."
post 1640699273 06-11-2021, 07:38 PM
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#821
  1. RobParks2M
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BTC my SOFI $20P 6/18 for 0.25 from 1.05. Feelzgoodmang. Wouldn't have been mad to own the shares either.

Market feels safe from big gap downs right now. I might go for quite a few CSP at open Monday assuming we get a bit of a down day. If markets rip upward then fuk it I'll wait.

XOM, SOFI, PLTR, CCIV, RKT seem like great targets.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1640805933 06-13-2021, 03:12 PM
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#822
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All ready for Monday boyos. I’ll reassess when premarket opens but I’ve got:

STO:
Sofi 22p
GME 200P
CCIV 24P

I feel remarkably good about those 3. Although I can’t see far enough down the chain for GME- I might do $150 instead if I can collect decent premium still
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1640861873 06-14-2021, 12:23 PM
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#823
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STO
TSLA Jun18 645c x4
PLTR Jun18 26.50c x10
PLTR Jul16 28c
AMC Jun18 70c

Looking to net just over 2500 this week.
post 1640938023 06-15-2021, 01:20 PM
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#824
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Bought TSLA 610p this morning to hedge. Closed for 400 gain.
post 1640942753 06-15-2021, 02:27 PM
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#825
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Originally Posted By RobParks2M⏩
All ready for Monday boyos. I’ll reassess when premarket opens but I’ve got:

STO:
Sofi 22p
GME 200P
CCIV 24P

I feel remarkably good about those 3. Although I can’t see far enough down the chain for GME- I might do $150 instead if I can collect decent premium still
I canceled my orders Monday.

Got sofi 20CSP for $80 and trying to get another for $100.

Might add a CCIV weekly for next week tomorrow at the $20 strike.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1641170983 06-18-2021, 05:02 PM
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#826
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Originally Posted By usersignup2⏩
STO
TSLA Jun18 645c x4
PLTR Jun18 26.50c x10
AMC Jun18 70c

Looking to net just over 2500 this week.
All these expired worthless.

Bought some AMC calls. Did not take profit until late. +400 on TSLA puts to hedge.

Total 3100 net for the week.
post 1641181923 06-18-2021, 09:03 PM
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#827
  1. RobParks2M
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Originally Posted By RobParks2M⏩
I canceled my orders Monday.

Got sofi 20CSP for $80 and trying to get another for $100.

Might add a CCIV weekly for next week tomorrow at the $20 strike.
Sold my SOFI $20P for $15 today. I should have bought $21 or $22 today for next week but got busy.

Closed my DKNG $47 CSP from $130 down to $60 this morning after seeing market action. Might rebuy Monday too.

Picked up WFC $40 CSP at $90 today tho July monthly.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1641267583 06-20-2021, 10:27 AM
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#828
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Any stocks you guy like writing covered calls/running the wheel on? So far I'm doing it mvis and crsr but any more recommendations would be appreciated.
post 1641268033 06-20-2021, 10:36 AM
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#829
  1. RobParks2M
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Originally Posted By roughinhouse⏩
Any stocks you guy like writing covered calls/running the wheel on? So far I'm doing it mvis and crsr but any more recommendations would be appreciated.
I like Sofi. Lots of volatility and its a company I don't mind owning shares of. I've had a few weeks of CSP on them, but I haven't had them go ITM yet.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1641305873 06-20-2021, 10:50 PM
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#830
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Well obviously tsla if youve read through my posts but I appreciate not everyone has the capital. However, my cc strategy is based on the company and my conviction first, and income second. Eventually you will be in a situation where your csp or cc turns against you and the only thing that can keep you from losing it is your conviction. Imagine wheeling a stock and its down 20% or your short position is -1k? What now? Whats your exit strategy?

AMC for short term. 15% premium for atm contracts.
MARA and RIOT if you are bullish on crypto and ONLY when btc rebounds
post 1641339823 06-21-2021, 01:22 PM
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#831
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STO
AAPL Jul16 135c
AMC Jun25 65c
PLTR Jun25 27c x10
SYK Aug20 270c
TSLA Jun25 642.50c x4

Looking to net just over 3k with these plays.
post 1641340673 06-21-2021, 01:38 PM
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#832
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STO Corsair $30p July planting a theta pharm seed
STEM Wagie Brah
Oil/commodity based trader
post 1641350833 06-21-2021, 04:22 PM
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#833
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CHWY
BTO: 1/2023 $100c x20
STO: 7/2 $82.5c x20
STO: 7/16 $85c x20

I don't see why this won't retest it's previous highs ($120) in the next year, so bought the OTM LEAP and will theta farm with PMCC's as well as nakeds
"It won't get better, just different."
post 1641351223 06-21-2021, 04:28 PM
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#834
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update on my two paper trades

SPY 420 strike price 2 months remaining till expiration 10$ premium

pretty expensive really not doing that great but plenty of time remaining.

AAPL 124 strike price 5 days till expiration 2.25$ premium would probably sell to close realistically since I don't want the apple shares and the price is at 132.30 price could potentially fall over the coming week and I have unrealized gains of 605$ so I think I broke even plus profit and my initial capital back could be a runner but I think the risk of trying to get a little extra a be greedy wouldn't be worth it.

Did strike price + premium to get my break even cost and subtracted that from current market price times by 100 to get total unrealized gains if I am not mistaken that is how it is done...?!
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

- You can be REALCLOUT too VIA the REALCLOUT text GENERATOR sponsored BY miscmathematician SRS

Click here ----------------> https://js.do/caffeinatedlogic/50858



The world is YOURS boyos.
post 1641352923 06-21-2021, 04:58 PM
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#835
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Originally Posted By chino3⏩
CHWY
BTO: 1/2023 $100c x20
STO: 7/2 $82.5c x20
STO: 7/16 $85c x20

I don't see why this won't retest it's previous highs ($120) in the next year, so bought the OTM LEAP and will theta farm with PMCC's as well as nakeds
Srs question why this and not BARK?
Fitness connoisseur
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"the personification of greatness"
post 1641353563 06-21-2021, 05:11 PM
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#836
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Originally Posted By RobParks2M⏩
Srs question why this and not BARK?
Chewy is the Amazon of the pet world.

Bark is not.

I'm also not into subscription services at all, not to mention that I still have next to no idea who/what/anything about bark aside from the Bark Box component (which I absolutely love their stuff though).
"It won't get better, just different."
post 1641370273 06-21-2021, 10:34 PM
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#837
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Originally Posted By Realclout⏩
Did strike price + premium to get my break even cost and subtracted that from current market price times by 100 to get total unrealized gains if I am not mistaken that is how it is done...?!
Yes, if you exercise the contract or if there is no extrinsic value. Contracts deep in the money will have less extrinsic value. Contracts out of the money or have more time until expiration will have more extrinsic value so the calculation above is incomplete.
post 1641424243 06-22-2021, 04:47 PM
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#838
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So since I closed my paper traded APPL calls and still have some of the "profits" from the APPL calls I figured I would try to more calls one on AWK and one on CSCMA I have a slightly better feeling about CSMA for some reason despite all the low ratings and ZOOMERcel streaming services kinda IFFY on AWK but think it should print too SRS.

AWK 160 strike price 31 day expiration 3.60$ in premium

CMCSA 58 strike price 31 day expiration 1.48$ in premium
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

- You can be REALCLOUT too VIA the REALCLOUT text GENERATOR sponsored BY miscmathematician SRS

Click here ----------------> https://js.do/caffeinatedlogic/50858



The world is YOURS boyos.
post 1641885703 06-29-2021, 09:56 PM
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#839
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Bought Citibank $70 Calls for July 16 for $1.50
Netted $140 profit in 3 days and sold
By reading this post you acknowledge SikhAndDestroy is an online persona and all posts by SikhAndDestroy are satirical in nature. Comments by SikhAndDestroy shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.

6'4 Jatt Crew
post 1641932733 06-30-2021, 05:43 PM
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#840
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Originally Posted By SikhAndDestroy⏩
Bought Citibank $70 Calls for July 16 for $1.50
Netted $140 profit in 3 days and sold
Decent boyo, We all gonna make it SRS.

I got 3 paper trades open right now, One is doing sort of expectedly bad and 2 are about to go into profit with decent time until expiration a few weeks or so hopefully I can get a decent runner on one of these.
- Keep the misc great again

- Watch my poo flush while holding the plunger to make sure I don't flood the bathroom crew.

- You can be REALCLOUT too VIA the REALCLOUT text GENERATOR sponsored BY miscmathematician SRS

Click here ----------------> https://js.do/caffeinatedlogic/50858



The world is YOURS boyos.
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