Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » *Official* Options trading thread: Why Alpha/Beta when you can Theta?
  1. Results 1021 to 1050 of 1334
  2. Page 35 of 45
  3. First
  5. 33
  6. 34
  7. 35
  8. 36
  9. 37
  11. Last

Thread: *Official* Options trading thread: Why Alpha/Beta when you can Theta?

post 1658013433 03-15-2022, 08:44 PM
-
#1021
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
STO

TSLA Mar18 850c
TSLA Mar18 855c x2
TSLA Mar18 670p
PLTR Mar18 11.50c x10
NVDA Mar18 237.50 x2
post 1658017813 03-15-2022, 10:47 PM
-
#1022
  1. kusok
  2. Registered User
  1. kusok
  2. Registered User
  3. Join Date: Sep 2009
  4. Posts: 47,722
  5. Rep Power: 231370
Originally Posted By usersignup2⏩
STO

TSLA Mar18 850c
TSLA Mar18 855c x2
TSLA Mar18 670p
PLTR Mar18 11.50c x10
NVDA Mar18 237.50 x2
You mean you are placing those in the morning on 16th? Or already in progress?

I’m thinking about taking profits on my covered calls and cash secure puts and selling new ones with super low delta tomorrow before the guy speaks, just in case. Got AAPL $144 csp expiring Friday, AMD $94 all deep green, should take money and run…?


Any other option plays to consider for tomorrow morning?
post 1658017883 03-15-2022, 10:49 PM
-
#1023
  1. kusok
  2. Registered User
  1. kusok
  2. Registered User
  3. Join Date: Sep 2009
  4. Posts: 47,722
  5. Rep Power: 231370
Originally Posted By TugOfPeace⏩
I saw that premiums on SOFI aren't that great as well. My cost basis is $11, I could average down to $9.50 now if I bought in tomorrow.. but the way things are going I'd rather just wait it out. It's a small position for me and I don't want to screw that up and have twice the losses all the way down to $5.xx
Sofi chart looks terrible. I’m waiting too.
post 1658166623 03-18-2022, 02:02 PM
-
#1024
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Started the week off strong, and fukked the rest of it up just prior to jpow lol. Basically closed some stuff out monday, opened more early wednesday, and got raped from there on out. Had to roll chit out, and in my IRA I am letting 2 positions get called away, (ABNB will be break even, but PLTR is a big hair cut but sick of the opportunity cost)

Closed out
TSLA 890cc at 90% gain
LULU 312cc at 20% gain
TSLA 700csp (opened at the bottom of the week)

Realized gains for the week $2100
"It won't get better, just different."
post 1658183843 03-18-2022, 07:09 PM
-
#1025
  1. kusok
  2. Registered User
  1. kusok
  2. Registered User
  3. Join Date: Sep 2009
  4. Posts: 47,722
  5. Rep Power: 231370
Is this normal? I had a cash secure put expiring today on HCI at $65 strike price, it expired when the stock was still like $70, and yet the put never went down in price and it’s still showing that I captured only 30% of the profit,

I looked and some jackass was still selling like 12 of them for $50 each. Wtf? Delta shows zero. So I never bought it back to close.


If bitcoin will behave I was thinking of some csp on Michael sailor Monday? They had nice premiums.
post 1658187953 03-18-2022, 08:44 PM
-
#1026
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Originally Posted By kusok⏩
Is this normal? I had a cash secure put expiring today on HCI at $65 strike price, it expired when the stock was still like $70, and yet the put never went down in price and it’s still showing that I captured only 30% of the profit,

I looked and some jackass was still selling like 12 of them for $50 each. Wtf? Delta shows zero. So I never bought it back to close.


If bitcoin will behave I was thinking of some csp on Michael sailor Monday? They had nice premiums.
Probably just a display issue with your app. It settled at $69 so you’re obviously not getting assigned
"It won't get better, just different."
post 1658241643 03-19-2022, 09:33 PM
-
#1027
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Originally Posted By usersignup2⏩
STO

TSLA Mar18 850c
TSLA Mar18 855c x2
TSLA Mar18 670p
PLTR Mar18 11.50c x10
NVDA Mar18 237.50 x2
Quad witching makes the market go crazy. All my cc were ITM so rolled them all to next week with credit. I have a feeling this is a fakeout and am expecting a dip over the course of the next week if not, next few weeks.

Total net for the week just over 2100.

Rolled into the following:
TSLA Mar25 865c x2
TSLA Mar25 860c
NVDA Mar25 237.50 x2
PLTR Mar25 11.50c x10
AAPL Jun17 140c
post 1658253893 03-20-2022, 06:42 AM
-
#1028
  1. kusok
  2. Registered User
  1. kusok
  2. Registered User
  3. Join Date: Sep 2009
  4. Posts: 47,722
  5. Rep Power: 231370
Underestimated BABA’s rise on Friday, I assume my 100 BABA shares gonna be called away at $106 strike price that expired Friday. Will take about $350 profit. Quick daytrade so it’s ok. Who knew this thing will pump another few dollars after that 35% rise in one day. I thought for sure we going back down or trade flat.
post 1658547353 03-25-2022, 09:39 AM
-
#1029
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
welp, monster week as far as realized gains, but taking a beating on some short calls. Just looking at opportunity cost at the moment, and hopefully won't have to roll out to ridiculous dates, but only time will tell.

Last Friday I opened up a TSLA $900csp @ $46, and closed at $2.5
Monday I opened up TSLA $925csp @ $20, and closed at $5
Closed my LULU 4/8 $300c for a 20% gain. Really wanted to ride through earnings, but I made money through PMCC's and then hit profit on the long leg itself, so just taking that and running.

Total realized gains for the week $6250

I don't reckon I'll be in a position to do much until late April (IRA account doesn't count lol), but I've already achieved my monthly goal for March, April, and half of May, so just need to chill and be bored out of my fukking mind...
"It won't get better, just different."
post 1658668613 03-27-2022, 02:13 PM
-
#1030
  1. kusok
  2. Registered User
  1. kusok
  2. Registered User
  3. Join Date: Sep 2009
  4. Posts: 47,722
  5. Rep Power: 231370
I was thinking, for PMCC isn’t it reasonable to just sell the calls at break even price of the long leap? This way you got no chance of losing money if you get assigned?


Selling CSP for a couple weeks now trying to get shares of paypal and BABA under $100, probably missed that boat for good.. but I’ll take 1% gain per week while I wait.


Fooking Crisper, chart looked amazing, every indicator looked amazing, reasonable foundamentals, I grabbed 100 shares and the fooking thing starts going down, LOL, selling weekly CCs on it, long term HODL, no fooks given.

Premium for last week 2k total on selling CCs and CSPs. If I wasn’t a **** and grabbed BABA at $70 would have 30k profit by now. What a pussay.
post 1658749223 03-28-2022, 09:37 PM
-
#1031
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Originally Posted By usersignup2⏩
Quad witching makes the market go crazy. All my cc were ITM so rolled them all to next week with credit. I have a feeling this is a fakeout and am expecting a dip over the course of the next week if not, next few weeks.

Total net for the week just over 2100.

Rolled into the following:
TSLA Mar25 865c x2
TSLA Mar25 860c
NVDA Mar25 237.50 x2
PLTR Mar25 11.50c x10
AAPL Jun17 140c
Well that didn't go as planned. Lol. Still looking at a retrace over the next few weeks.

Week ending March 25 net just over 1900.

TSLA stock split news is a mixed blessing. Timing couldn't come at a worse time. Long term it will be good for stock price. But as before with last split and 2021 Q3 numbers, this is to soon to fast imo. Coming from double bottom I think it needs to consolidate at 900 before it can have stable steady price action. As it is I can see it hits 1150 before coming back down to the 950 levels or even 900. Therefore I'm not taking any losses on my cc and rolled to Apr01 at the same strikes with a marginal net premium.

NVDA and PLTR same.

SPY overall I have concerns about. Bond yields are pointing to recession so if I can get out of this alive I will continue to play cautious with the possible exception of GOOG CSP when I get the funds.
post 1658750973 03-28-2022, 10:30 PM
-
#1032
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Originally Posted By kusok⏩
I was thinking, for PMCC isn’t it reasonable to just sell the calls at break even price of the long leap? This way you got no chance of losing money if you get assigned?
If your broker does not have an option for pmcc then you may be forced to close out your leap manually, i.e. sell to close in which case you could end up losing if your short call goes deep ITM.
post 1658751043 03-28-2022, 10:32 PM
-
#1033
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Originally Posted By chino3⏩
welp, monster week as far as realized gains, but taking a beating on some short calls. Just looking at opportunity cost at the moment, and hopefully won't have to roll out to ridiculous dates, but only time will tell.

Last Friday I opened up a TSLA $900csp @ $46, and closed at $2.5
Monday I opened up TSLA $925csp @ $20, and closed at $5
Closed my LULU 4/8 $300c for a 20% gain. Really wanted to ride through earnings, but I made money through PMCC's and then hit profit on the long leg itself, so just taking that and running.

Total realized gains for the week $6250

I don't reckon I'll be in a position to do much until late April (IRA account doesn't count lol), but I've already achieved my monthly goal for March, April, and half of May, so just need to chill and be bored out of my fukking mind...
Nice work Chino.
post 1658751403 03-28-2022, 10:44 PM
-
#1034
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Originally Posted By TugOfPeace⏩
For those of you that play earnings - when you sell first thing the following morning to minimize the effect of IV crush, how do you know what price to sell at? Do you just execute a market order and hope that you get a good price? As far as I know there's no way to determine option price within the first minutes of open so you'd be setting yourself up for failure if you did a limit order
Not sure if there is a right or wrong. Profit is profit and I generally don't cry about making money.

I have a saying I try to trade by:
Always leave money on the table.

That is, don't try to get every last dollar because sooner than later you will find you've missed the gain entirely. Having an idea on resistance and support would be helpful. So if the price is approaching a key level, including even numbers, ie 1.00, 1.50, 2.00, etc. then that's where I would set my btc. But trying to set a limit order even on that is kind of tricky because you don't know for sure what the price is going to be at those marks, not to mention the spread.
post 1658768003 03-29-2022, 09:10 AM
-
#1035
  1. SpeedCheeser
  2. 4doorsmorewhores
  1. SpeedCheeser
  2. 4doorsmorewhores
  3. Join Date: Apr 2010
  4. Location: Texas, United States
  5. Posts: 15,626
  6. Rep Power: 147987
Originally Posted By usersignup2⏩
Not sure if there is a right or wrong. Profit is profit and I generally don't cry about making money.

I have a saying I try to trade by:
Always leave money on the table.

That is, don't try to get every last dollar because sooner than later you will find you've missed the gain entirely.Having an idea on resistance and support would be helpful. So if the price is approaching a key level, including even numbers, ie 1.00, 1.50, 2.00, etc. then that's where I would set my btc. But trying to set a limit order even on that is kind of tricky because you don't know for sure what the price is going to be at those marks, not to mention the spread.
Totally agree.

For most day to day positions, I'm usually only planning on 50% of max profit and set standing close orders at those levels. I feel it's much better to pocket some profit and move on to the next trade than try and milk one for all it's worth. Sure, your wins will be smaller than they could be, but you should be able to make them more frequently, offsetting money you're leaving on the table.
Misc Firearms Crew

Official Supp. Misc Beer Crew

RIP YGST
post 1659050263 04-03-2022, 02:21 PM
-
#1036
  1. kusok
  2. Registered User
  1. kusok
  2. Registered User
  3. Join Date: Sep 2009
  4. Posts: 47,722
  5. Rep Power: 231370
Originally Posted By usersignup2⏩
If your broker does not have an option for pmcc then you may be forced to close out your leap manually, i.e. sell to close in which case you could end up losing if your short call goes deep ITM.
Interesting, I thought long leap always protects me assuming it’s 90 delta and other math being correct like at least 50 difference in delta etc.

Been selling csp on zim, solid fundamentals and premiums. Getting aggressive with delta now, kinda want to own this one, to hodl and sell covered calls.

Considering Mstr csp, but gotta see wtf crypto is doing tonight. They say sailor and that doh Quan guy are gonna buy millions of dollars again.
post 1659126883 04-04-2022, 09:36 PM
-
#1037
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Still rolling TSLA, NVDA and PLTR. Covered calls expiring Apr08.

Net for week ending Apr01 just under 2050.

At this rate I'll just roll to infinity or sell a leap to get even. For now not worried as I'm long term on all these. Recession looming in the background. April on record as a positive month though I'm bearish overall hence my willingness to roll.
post 1659157793 04-05-2022, 12:40 PM
-
#1038
  1. Maestro
  2. отличнo!
  1. Maestro
  2. отличнo!
  3. Join Date: Oct 2002
  4. Location: New Mexico, United States
  5. Posts: 58,400
  6. Rep Power: 203698
Originally Posted By usersignup2⏩
Still rolling TSLA, NVDA and PLTR. Covered calls expiring Apr08.

Net for week ending Apr01 just under 2050.

At this rate I'll just roll to infinity or sell a leap to get even. For now not worried as I'm long term on all these. Recession looming in the background. April on record as a positive month though I'm bearish overall hence my willingness to roll.
Yeah, NVDA puts has been good to me. Sold some with a 4/8 expiration date.

Bought some $7 TLRY calls with a 1/23 expiration date. So even if theirs earnings report is garbage i still have time to sit on it.
post 1659199393 04-06-2022, 07:52 AM
-
#1039
  1. Maestro
  2. отличнo!
  1. Maestro
  2. отличнo!
  3. Join Date: Oct 2002
  4. Location: New Mexico, United States
  5. Posts: 58,400
  6. Rep Power: 203698
Originally Posted By Maestro⏩
Yeah, NVDA puts has been good to me. Sold some with a 4/8 expiration date.

Bought some $7 TLRY calls with a 1/23 expiration date. So even if theirs earnings report is garbage i still have time to sit on it.
Selling TLRY for a quick $240 profit.
post 1659200773 04-06-2022, 08:16 AM
-
#1040
  1. Maestro
  2. отличнo!
  1. Maestro
  2. отличнo!
  3. Join Date: Oct 2002
  4. Location: New Mexico, United States
  5. Posts: 58,400
  6. Rep Power: 203698
Originally Posted By Maestro⏩
Selling TLRY for a quick $240 profit.
bought 5 WMT contract puts for $150 with 4/8 expiration....now we wait...
post 1659203453 04-06-2022, 08:57 AM
-
#1041
  1. Maestro
  2. отличнo!
  1. Maestro
  2. отличнo!
  3. Join Date: Oct 2002
  4. Location: New Mexico, United States
  5. Posts: 58,400
  6. Rep Power: 203698
Originally Posted By Maestro⏩
bought 5 WMT contract puts for $150 with 4/8 expiration....now we wait...
quick turn around. out of WMT with $120 profit
post 1659290453 04-07-2022, 08:38 PM
-
#1042
  1. Bingo559
  2. Registered User
  1. Bingo559
  2. Registered User
  3. Join Date: Dec 2020
  4. Age: 56
  5. Posts: 1,746
  6. Rep Power: 8413
I bought some 5/20 CPNG $20 calls the other day and am down almost 50% already.

Thought these new Asia COVID breakouts might cause online shopping sites to go up.
post 1659343123 04-08-2022, 07:57 PM
-
#1043
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
NVDA took a nosedive right out of left field. Not sure really what's going on. As always, a parabolic rise is followed by a parabolic crash. We've seen quite a few Fibonacci re-tracements down to 60% through the the year so far. I would expect most fast risers over the last little while to encounter the same.

Closed my NVDA cc at. 04. Finally out of that one. Was worried it would shoot up to 240 when I closed it around 235ish. Rode that from 220 all the way up to 289 and back down rolling 237.50cc and still made money. Got lucky but was expecting it to come down, just didn't think it would go that high. This is a long term hold so I wouldn't have sold regardless of what it peaked at so in the end covered calls made me some money.

Still rolling tsla 860cc and pltr 11.50cc.

Had one Tsla 945csp this week.

Total net for week 2280.
post 1659461253 04-11-2022, 10:11 AM
-
#1044
  1. SpeedCheeser
  2. 4doorsmorewhores
  1. SpeedCheeser
  2. 4doorsmorewhores
  3. Join Date: Apr 2010
  4. Location: Texas, United States
  5. Posts: 15,626
  6. Rep Power: 147987
Have a 200-300 strangle on in NVDA. That's been a ride, but as long as it chills in this range it's been in I should pocket a nice chunk of change from it.
Misc Firearms Crew

Official Supp. Misc Beer Crew

RIP YGST
post 1659478993 04-11-2022, 03:58 PM
-
#1045
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Pushed my July $10 Sofi CSP to October for a $50 credit.
About to do the same for my April $12.5 to July for $25 credit/each.

Opened May $10 CC for $35
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1659635813 04-14-2022, 10:25 AM
-
#1046
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
learned CSP get exercised ITM the day before expiration apparently? lmfao oops.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1659636413 04-14-2022, 10:33 AM
-
#1047
  1. usersignup2
  2. Registered User
  1. usersignup2
  2. Registered User
  3. Join Date: Nov 2012
  4. Posts: 8,246
  5. Rep Power: 20771
Originally Posted By RobParks2M⏩
learned CSP get exercised ITM the day before expiration apparently? lmfao oops.
Contracts can get exercised anytime. Whether it is advantageous or not is another question.

If the buyer exercised the put then either he's expecting price to go down further or is unaware of the extrinsic value of the contract. Other possibility is spread is so huge that he can't realize the extrinsic value. There's other possibilities of course. I usually don't worry about being exercised because of the above.
post 1659653163 04-14-2022, 03:22 PM
-
#1048
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Originally Posted By usersignup2⏩
Contracts can get exercised anytime. Whether it is advantageous or not is another question.

If the buyer exercised the put then either he's expecting price to go down further or is unaware of the extrinsic value of the contract. Other possibility is spread is so huge that he can't realize the extrinsic value. There's other possibilities of course. I usually don't worry about being exercised because of the above.
yeah exercising with extrinsic value left is basically full potato, but w/e

Sold a $1030c TSLA 4/15 @ $5, closed today at $.02
Earnings next week, plus twitter drama, TSLA gonna be bumpy these next 3 trading days.
"It won't get better, just different."
post 1659653523 04-14-2022, 03:26 PM
-
#1049
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
  3. Join Date: Feb 2010
  4. Location: United States
  5. Posts: 11,178
  6. Rep Power: 15442
opened CSP on BROS 50p may 20
STEM Wagie Brah
Oil/commodity based trader
post 1659696673 04-15-2022, 10:02 AM
-
#1050
  1. poland144
  2. to be and to last
  1. poland144
  2. to be and to last
  3. Join Date: Apr 2013
  4. Posts: 2,483
  5. Rep Power: 17771
Took last week to try out one of those 0 DTE SPX iron condor strategies. Opening on /ES mainly for lower BPR, targeting 0.5% NLV max risk/day.

Parameters:
Opening a variable Delta from 5-20 based on some momentum indicators on SPX and the VIX
25 Delta spread
Stop loss for 200% credit received



I way overshot my BPR target on Monday, managing to risk 5% NLV, but over the course of the week had no losses on these trades. Going to be switching SPX over /ES for lower commissions and so my brokerage won't liquidate my position 15 minutes prior to close for pin risk (can't same I'm upset about it though as I still profited). This will be enjoyable next week when there are Tuesday expirations on SPX.
6'7" 240lb
260/375/460
Man cannot remake himself without suffering, for he is both the marble and the sculptor.
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts