Wheel Strategy Philosophy
So, semi recently got into options. And have been doing pretty well selling CSPs. Trying to only use companies i dont mind owning, but also planning to sell covered calls once any of the puts get assigned. None have yet …
So, semi recently got into options. And have been doing pretty well selling CSPs. Trying to only use companies i dont mind owning, but also planning to sell covered calls once any of the puts get assigned. None have yet …
Today’s macro setup is messy, and it matters a lot for anyone trading options and vol. Trump outright rejected Iran’s peace proposal. Gold fell to around $4,698. The dollar strengthened. EUR/USD settled around 1.1765. Oil held onto its war premium. …
Hey all, I opened one leap for spy $600 strike Jan 27 for 102.46 and currently up 56% considering selling it and taking the gain as I can always open up another in the future. I opened the position to …
I usually trade 0DTE index option spreads (follow u/papakong88 's strategy). On some Fridays (and some Mon and Wed for names like TSLA/META) will sell 0DTE equity option spreads. On Fri 5/8 had a large short position in AMD call …
So at 3:54 I sold a 1DTE SPX put credit spread with about 0.90% buffer below the pin of the day. Small position, tight risk, figured worst case it holds overnight. Then the post-4PM flush hit and did exactly what …
Say you take what Natenberg says about Strangles to be true. That a Strangle has to be a call and a put with the same expiration date. Lots start to make sense, you can talk about Calendar spreads and so …
After RKLB's earnings things look good for space stocks i'm thinking that the SpaceX IPO hype is going to also drag the other space stocks up with it. I sold 2 NVDA $200 May 29th puts that i'm now up …
It is probbaly everyone knows, but a little discovery for me: I plotted ATM IV for next two weeks of IWM and QQQ and “discovered” quite interesting trend - IV for Monday expirations are below Friday - even next week …
I have five 12/18/26 deep ITM AMD $200 calls that I bought for $28,743 and they're now worth $133,170 (+$104K gain). If I sell the calls I would pay STCG on these, so I'm leaning towards exercising the option as …
Yesterday I took a breakout trade on SPY that looked really clean at first Level had been tested multiple times, price pushed through with momentumm — I entered a bit early expecting continuation. Within a minute or two, momentum completely …