Posts
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 …
Monthly fully time trader ama
Hey everyone, setting up this month's AMA to catch up with everyone and chat about trading! *Background for those interested:* My name is Erik. I'm a Marine Corps veteran and full-time options trader. I've been trading since 2007 and have been active in r/options since 2020. I've maintained a high …
Advice for a Steady Cash Flow Strategy?
So I have been doing a bunch of research over the past 3 to 4 months and trading some paper accounts. I also have an investment account holding long-term blue chips and ETFs, along with a Roth IRA and a Roth 401k setup through work. My goal is not to …
Decent strategy to make monthly income via ITM options?
This is more of a discussion and sharing your personal findings or preferences. I have used NVDA to make 5-10% but I am bad at noticing the momentum push and I miss out on more than 10%. I don’t chase momentum unless I learn more about it and id mostly …
Trying to get into AMD and MU
Hey guys planning to buy AMD and MU options next week. I believe they still have alot of room to grow this year but I have a huge problem, I only have $3000 usd to play with and premiums are quite expensive. Am I better off doing weekly trades? I …
AMD Covered Call damage limitations on the runaway stock price?
Curious what everyone's play would be on damage limitation for my worst trade in history. I have actually never had a run on an option this large go against me. Taxable account, bought shares at $12. I sold 2 AMD covered calls: when AMD was 288 per share. May 29 …
Type of options selling strategies would you deploy if you were to trade $10M portfolio.
Also any broker suggestions that lets us deploy any custom option selling strategy including naked C/P ?
Fidelity now adding SPX option surcharge.
The CBOE adds extra exchange fees for some of their single listed products such as the SPX,. In the past Fidelity has not passed on these extra fees. They were the only broker I know of that didn't. That changed May 4th. They are now passing on extra fees as …
Market risk model
How do you model the overall market and identify potential turning points? Or risk in the market. For those who actively track the market, what model or combination of models do you use to measure overall market health and identify potential turning points? I’m less interested in single indicators used …
Long-term MU shareholder, first time considering calls — framework advice?
Long-term MU holder with a big position. Strong conviction the stock crosses $1,000, just can’t say exactly when. Could be by June earnings, could be after June earnings. I am considering buying call options for the first time to add leverage. I have never traded options before so want to …