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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 1655625193 02-04-2022, 07:41 PM
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#961
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Originally Posted By usersignup2⏩
All contracts expired worthless. Had some nvda cc also expired worthless. Spy yolo calls from last week and some poorly chosen delta on TSLA cc at beginning of the year (that I didn't post here) cut into my gains.

Total net from option trading YTD:
$2744
Atleast you're still green. I'm $7,144 in the red YTD. Was closer to $10k at the beginning of the week. End of Jan killed me... was up $9-10k the first half of Jan. $20k swing downward was a rough ride. lol.

PUTS are going to pay off in the coming months, imo.
post 1655702553 02-06-2022, 09:42 AM
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#962
  1. RobParks2M
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Originally Posted By usersignup2⏩
All contracts expired worthless. Had some nvda cc also expired worthless. Spy yolo calls from last week and some poorly chosen delta on TSLA cc at beginning of the year (that I didn't post here) cut into my gains.

Total net from option trading YTD:
$2744
Nicely done. This week I rolled my $15 Feb Sofi CSP down and out to April $12.5. Sold a fair chunk of Sofi $17.5 calls for May for $1 and some March $15 for $1 on different days to try and soak the high IV premiums. Still holding 400 shares at a cost basis of $20 lmao. Got 15 calls at $17.5 (CB $3.30) for Jan 2023 as well. We will see how I end up if I can manage to start collecting premium on both sides and hopefully we get a breakout to the upside at some point.


I bought F puts for earnings that were x2 gainers for me.

Looking to enter more ford puts for further out. Looking at SPOT puts as well.
Fitness connoisseur
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post 1655708203 02-06-2022, 11:56 AM
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#963
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Premiums on SHOP are amazing, but the ****ing thing is a falling knife, can’t wait for this thing to stabilize so I can run the wheel on it, But then again, premiums may drop.

Want to sell cash secured weekly put on TSLA, maybe $900 strike?

Wtf at premiums on nnox. But dangerous.
post 1655720033 02-06-2022, 04:15 PM
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#964
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Originally Posted By kusok⏩
Premiums on SHOP are amazing, but the ****ing thing is a falling knife, can’t wait for this thing to stabilize so I can run the wheel on it, But then again, premiums may drop.

Want to sell cash secured weekly put on TSLA, maybe $900 strike?

Wtf at premiums on nnox. But dangerous.
SHOP & MELI are two stocks that I feel are great long-term holds. They have dropped a lot so they should eventually be good buys.
Queen > Beatles crew
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How the heck is King's X not considered one of the GOATs?!?!??!?!?!
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post 1655763073 02-07-2022, 11:54 AM
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#965
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STO
TSLA feb11 1005c x3
TSLA feb11 810p
NVDA 267.50c

looking to net 2100 this week
post 1656090343 02-12-2022, 10:52 PM
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#966
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Originally Posted By usersignup2⏩
STO
TSLA feb11 1005c x3
TSLA feb11 810p
NVDA 267.50c

looking to net 2100 this week
All contracts expired worthless.

Total net from option trading YTD:
$4842
post 1656205673 02-14-2022, 08:10 PM
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#967
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STO
TSLA feb18 950cc x3
TSLA feb18 765csp

NVDA earnings this week so will be waiting to see if there is any movement before writing calls.
post 1656284853 02-16-2022, 06:57 AM
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#968
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Originally Posted By TugOfPeace⏩
BTO 10x$185C for 2/25 expiry
BTO 10x$50P for 2/25 expiry

UPST ended up going from $105ish to $147 after earnings, then settled at $133 by close. My question is regarding IV crush - is my assumption/explanation below correct?


And finally, given that my OTM calls are now ITM and therefore have both intrinsic and extrinsic value, even if there is IV crush, that wouldn't affect my profits too much since there is so much intrinsic value in the contracts?
The most important thing to note is your calls are not ITM. Profit is not ITM. For calls ITM refers to strike at our below current stock price. So ITM would mean stock is 185 or higher for 185c to be itm. I would guess delta will be about 8 or less by open.

Regarding IV I would think it will drop back to last week's iv by Monday. Your other comments about higher IV at open are correct.
post 1656285253 02-16-2022, 07:05 AM
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#969
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optioncalculator auto updates live to pre market


so it will look like this

http://opcalc.com/HTM
post 1656285883 02-16-2022, 07:17 AM
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#970
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What will UPST do today?
Always Neg Back Crew.
post 1656290243 02-16-2022, 08:37 AM
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#971
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Buying a strangle to open is probably one of the worst trades you could make. If you have any profit in it at all I would close it immediately. Especially still being more than 25% away from your call strike price with a week to go and your puts already being worthless.

I am not a financial advisor. Your decisions are your own to make.
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RIP YGST
post 1656292703 02-16-2022, 09:22 AM
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#972
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Originally Posted By SpeedCheeser⏩
Buying a strangle to open is probably one of the worst trades you could make. If you have any profit in it at all I would close it immediately. Especially still being more than 25% away from your call strike price with a week to go and your puts already being worthless.

I am not a financial advisor. Your decisions are your own to make.
Play was actually fine because this stock is idiotic.

Problem was going too far OTM on puts and calls. Still probably got profit.

I played barely itm call month out and short this friday put protection OTM just in case.

Implied move for UPST was 26%

post 1656323073 02-16-2022, 05:44 PM
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#973
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Originally Posted By TugOfPeace⏩
I am observing the delta in real time on ToS and it shows roughly 82 now. This is odd because I thought you only get a delta that high when you are ITM. Yesterday at close the delta was .07 which seems accurate at that time.

From what I understand if delta really is 82, then IV wont have as much of an effect. If it does drop back to last week's IV, doesnt seem that bad. I was expecting something like a 20-40% drop.

IV at close was 187 which is a 41% increase from a week ago. Maybe that will be the drop... which means the profit calculator will be accurate.

Good info
ToS must be a showing delta upside down. Current delta is 11 on those calls. As for iv I never try to make sense of it other than is it higher than historical average and whether it is higher or lower than when I bought it. Also agree with carbon your strikes were too far otm
post 1656331783 02-16-2022, 08:33 PM
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#974
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Originally Posted By usersignup2⏩
ToS must be a showing delta upside down. Current delta is 11 on those calls. As for iv I never try to make sense of it other than is it higher than historical average and whether it is higher or lower than when I bought it. Also agree with carbon your strikes were too far otm
Tbh I typically look at IV as how many people are pushing the price of the option up. If it’s over 100 there is pretty good interest. If it’s greater than 200 I figure it must be some sort of meme.
Fitness connoisseur
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post 1656352433 02-17-2022, 08:34 AM
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#975
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[QUOTE=Carbonfibre post_id=1656292703]Play was actually fine because this stock is idiotic.

Problem was going too far OTM on puts and calls. Still probably got profit.

I played barely itm call month out and short this friday put protection OTM just in case.

Implied move for UPST was 26%

[img]https://i.imgur.com/m5C0bpI.png[img][/QUOTE]I'm glad it worked out for him, but that doesn't change that buying a strangle is probably one of (if not THE) lowest probability trade you can make. That's especially true at earnings. I wouldn't be putting that trade on in any stock.
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RIP YGST
post 1656430953 02-18-2022, 01:31 PM
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#976
  1. usersignup2
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Originally Posted By usersignup2⏩
STO
TSLA feb18 950cc x3
TSLA feb18 765csp

NVDA earnings this week so will be waiting to see if there is any movement before writing calls.
Gonna call it before close. All expiring worthless. NVDA just chit the bed. Did not sell calls.

Net for the week just over 1800.

Total net from option trading YTD:
$6662
post 1656739493 02-23-2022, 04:30 PM
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#977
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STO
TSLA feb25 840c x3
TSLA feb25 745p
NVDA feb25 252.50c x3
SYK mar18 270c

**** is gonna get crazy. In the meantime gotta make bread where you can. Cautiously optimistic over the next two weeks. After that who knows.
post 1656813513 02-24-2022, 02:09 PM
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#978
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I sold the bottom **** me
post 1656883063 02-25-2022, 01:12 PM
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#979
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Originally Posted By usersignup2⏩
STO
TSLA feb25 840c x3
TSLA feb25 745p
NVDA feb25 252.50c x3
SYK mar18 270c

**** is gonna get crazy. In the meantime gotta make bread where you can. Cautiously optimistic over the next two weeks. After that who knows.
Looks like net for the week will be just over 2k.

Total net from option trading YTD:
$15449
post 1657071233 02-28-2022, 01:10 PM
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#980
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STO
TSLA Mar04 895c x3
NVDA Mar04 255c x2
PLTR Mar04 12.50 x10

May add a TSLA CSP before eow.
post 1657074043 02-28-2022, 01:49 PM
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#981
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Originally Posted By usersignup2⏩
STO
TSLA Mar04 895c x3
NVDA Mar04 255c x2
PLTR Mar04 12.50 x10

May add a TSLA CSP before eow.
dam dude you had a banger of a week last week!

I've bought a couple of tsla puts to hedge against market uncertainty. Their exposure to China shyt seems like it would be enough given their market cap that anything they say about being against the west could drop them a couple %.

Sold more Sofi CCs. Now fully sold on both sides. Hoping it'll sit between $12.5-$15 or so for the next few months
Fitness connoisseur
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"the personification of greatness"
post 1657086633 02-28-2022, 05:27 PM
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#982
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GL on puts. I have a feeling we see some volatility in Tsla over the course of the next week or so ending in another dip. But I think the money is going to be short contracts. IV is above historical average so whales will be selling contracts imo.
post 1657101493 02-28-2022, 09:27 PM
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#983
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Originally Posted By usersignup2⏩
GL on puts. I have a feeling we see some volatility in Tsla over the course of the next week or so ending in another dip. But I think the money is going to be short contracts. IV is above historical average so whales will be selling contracts imo.
I think I'm phucked, but hopefully everything else stays up too.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1657106353 02-28-2022, 11:26 PM
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#984
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BROS 3/18 $55 CALL for $1.50
post 1657117863 03-01-2022, 07:51 AM
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#985
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Added Tsla Mar04 745csp
post 1657142463 03-01-2022, 02:23 PM
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#986
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Calendar spread for JWN earnings today

BTO
3/11 $23c x10

STO
3/4 $24c x10


Also, sold out of TSLA at $875, and opened CSP for 3/4 $900 @ $45, and will wheel accordingly
"It won't get better, just different."
post 1657173153 03-01-2022, 10:08 PM
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#987
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Lost another $400 buying 1 3/4 SE $160 call yesterday.
post 1657192783 03-02-2022, 08:39 AM
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#988
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Originally Posted By Bingo559⏩
Lost another $400 buying 1 3/4 SE $160 call yesterday.
false breakout across the board Monday and Tuesday as big names tapped 20sma.
post 1657196393 03-02-2022, 09:34 AM
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#989
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Originally Posted By chino3⏩
Calendar spread for JWN earnings today

BTO
3/11 $23c x10

STO
3/4 $24c x10


Also, sold out of TSLA at $875, and opened CSP for 3/4 $900 @ $45, and will wheel accordingly
gonna ride the JWN play out to Friday and see where things are at. Very tempted to roll the short leg out hella far where I can get $30cc for a net credit, and then exercise the long leg...
"It won't get better, just different."
post 1657234963 03-02-2022, 08:13 PM
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#990
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Originally Posted By Bingo559⏩
BROS 3/18 $55 CALL for $1.50
Closed out at 0.50 losing 100 bux
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