Posts
Gold down on war news, dollar up. This is not a clean risk off tape for volatility
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. A textbook clean risk off setup usually looks straightforward: equities …
Advice on leap option
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 start a pmcc selling calls agianst the position. Question is …
AMD 455 call options not assigned -- a bit puzzled.
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 spreads and had to scramble very hard in last 10 …
SPX market maker flush after 4:00 PM
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 I needed. Market jumped, which I presume was market makers …
Naming An Options Strategy
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 on. A call backspread, is short call and long call, …
ASTS earnings?
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 70% on i'm tempted to close those and shift the …
Daily ATM IV trends for IWM/QQQ
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 Monday IV is below this week Friday. It's a bit …
Should I sell my deep ITM call options or exercise?
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 I intend to hold shares for at least another year …
Got Caught in a Breakout Yesterday — Starting to Rethink Entries
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 faded and it pulled back hard. Ended up taking a …
Wheel strategy journal that tracks true cost basis after every premium, logs trades in 30 seconds
I've been wheeling for a bit and couldn't find a journal or any way to reliably track my trades. A major issue is brokers don't adjust your cost basis when you collect premium. After enough covered calls and CSPs, your broker's number and your actual effective cost basis are completely …