Posts
Hello Options Traders, Where in the hell are you getting your money?
I have seen many many of you lose thousands in a day. I have seen many gain thousands in a day(and lose it all again the next). Clearly many of you have the income to fund/cover those incredible losses. What is your primary income?
Someone bought a $91/$90 Brent put spread for 134M barrels expiring May 26 yesterday.
Bloomberg flagged a single put spread on Brent yesterday I can't stop thinking about. Someone bought the $91/$90 July puts for May 26 expiry — 134 million barrels notional. Pays out roughly $129M if Brent drops about 19% in a week. That's not a hedge. Refiners hedge in 5-10M barrel …
Estimating option buys/sells using price and volume
I saw a video a while back that explained a general rule: price up + volume up = buyers & price down + volume up = sellers. The video didn’t mention IV, which I suppose could better estimate buys/sells of a specific contract. Any validity to the claim? And does …
NVDA Earnings Trade - Gonna Play or Sit Out?
Me - gonna play but it's close. Gonna be long defined risk IC 2DTE. Reasons 1. IV 3 pts cheap vs current IV less Vol crush 2. VRP is -1.9%, 25th percentile 3. Risky part - NVDA doesn't have a great track record surprise earnings/post EA moves. But when it …
Selling Cash Secured Puts on margin while holding BOXX as collateral
BOXX is basically a fund that shifts STCG -> LTCG for the risk free rate. It kind of behaves similarly to a money market fund, but technically it's an ETF so can't directly use it as collateral for selling CSP's. And need to hold BOXX for at least a year …
Stop loss types
The stop losses I know on an options trade would be pnl%, delta, time. Are there others that could be used as a stop loss? I have been primarily using pnl% at 200% though find that many trades get shaken out and would have ended up profitable if I had …
Trading news
Hi I’ve been doing option trading for a year and all I do is watch important news that Trump post on his page Truth, for example he post “We agreed on a ceasefire of 3 weeks with Iran… blah blah” I just buy calls with 2DTA. I though that was …
The bleed feels good
$INTC. $RKLB. $AMD. These tickers have been on a tear recently, with nary a call to be sold. I think the sellers are back in the game. We're back to the point where selling premium makes sense again. It was a rough couple months, because even though the HV was …
Market Protect order on ES futures option filled at 4.50/5.00 while Time & Sales showed ~32/35
I’m looking for feedback from futures/options traders who understand CME Globex execution mechanics, ES futures options, Market Protect orders (perhaps Rule 588 if done in 8 minutes time frame required?). I am a very experienced trader, a licenced fiduciary wealth manager and financial planner in my day job (Series 7 …
The "Rule of 390" is completely broken in today's options market. It needs to change to Fills Only
Can someone make sure this gets to the right people who actually have the influence to change it? The "Rule of 390" (which designates you as a "Professional Customer" if you average more than 390 orders a day in a month) is completely outdated. Right now, exchanges count every single …